APEC Leaders issued a Declaration at the conclusion of the 20th APEC Economic Leaders' Meeting in Vladivostok on September 9, revealing pathways to strengthen the Asia-Pacific Region's prosperity and leadership in the global economy.
The Declaration outlines APEC Leaders' view on addressing the challenges and downside risks within the global economic environment, including financial markets that remain fragile.
Several annexes accompany the Declaration:
- Annex A. Towards innovative growth
- Annex B. Strengthening APEC energy security
- Annex C. APEC list of environmental goods
- Annex D. Promoting cross-border education cooperation
- Annex E. Fighting corruption and ensuring transparency
- Annex A - Model Chapter on Transparency for Regional Trade Agreements/Free Trade Agreements for APEC;
- Annex B - Towards Reliable Supply Chains;
- Annex C - Recommendations of the innovation technology dialogue on nanotechnologies for energy efficiency;
- Annex D - Outcomes of APEC International Education Conference "Shaping Education within APEC";
- Annex E - Investing in Human Capital.
The Concluding Senior Officials' Meeting (СSOM) took place before the APEC Ministerial Meeting. At the meeting SOM Steering Committee on Economic and Technical Cooperation presented a report on the ECOTECH agenda.
The document is aimed at fostering sustainable and inclusive growth and development in the Asia-Pacific and improving the overall economic and social well-being of all citizens living across the APEC region.
The concluding meeting of the APEC Business Advisory Council was held as part of APEC 2012 Leaders' Week. The discussion focused on the adoption of the final revised version of the report to be submitted to APEC economic leaders.
The report included recommendations on sustainable economic development, public-private partnership as a means of addressing transportation and supply issues, developing internationally accepted environmental standards for urban construction, and the road map for developing regional infrastructure. ABAC calls for substantive progress to be made towards a Free Trade Area of the Asia-Pacific (FTAAP).
Recommendations are as follows:
1) accelerate trade and investment liberalization and promote regional financial market integration;
2) enhance supply chain connectivity;
3) promote investment in infrastructure;
4) strengthen food security;
5) promote trade in environmental goods and services, promote living cities, address energy security;
6) facilitate technology dissemination, innovation and cutting-edge technology investment, financing innovation;
7) support SME development;
8) promote the participation of women in the economy;
9) optimize policy exchange between business and APEC.
In addition to that, and in conjunction with APEC Leaders' Week, the APEC Youth Festival was held on September 2-4 in Vladivostok. Delegations from Russia and other Asia-Pacific economies took part in this festival, including students, post-graduates, young scientists, business people and politicians.
At the end of the APEC Youth Festival a declaration was adopted outlining the views of the young leaders on resolving topical issues of the Asia-Pacific Region and developing cooperation between the economies.
The declaration reflects the following issues:
1) renewable and innovative energy technologies implementation;
2) promotion of energy efficient technologies;
3) comprehensive approach to the promotion of SME internationalisation;
4) enhancing the effectiveness of SME innovation;
5) food security;
6) providing people in the Asia-Pacific Region with 21st century competencies and skills through education.