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APEC ministers to seek clarity on trade in Hanoi

access_time May 17,2017 chat_bubble_outline 11 views

Trade ministers and officials from the 21 APEC member economies will meet in Hanoi to alleviate uncertainty about the future of trade in the Asia-Pacific and its capacity to boost employment and living standards for all people across the region. 


APEC ministers to seek clarity on trade in Hanoi

The APEC Ministers Responsible for Trade Meeting on May 20-21 will cap off a pivotal set of policy development meetings here over the next 10 days to decide the next steps for trade amid rising skepticism about the benefits of globalization and rapid social and technological change. 

Chaired by Vietnam Trade and Industry Minister Tran Tuan Anh, the proceedings will build on initiatives introduced during technical exchanges between trade and sectoral officials to confront these challenges and fleshed out by APEC Senior Officials on May 17-18. 

This work will be shaped by new trade and growth projections for the APEC region, which accounts for half of global trade, to be unveiled on May 17. 

Pacific Alliance, Regional Comprehensive Economic Partnership and Trans Pacific Partnership ministerial meetings are expected to be held on the margins of the APEC Ministers Responsible for Trade Meeting in Hanoi. 

“Momentum on market integration and trade is being tested in ways we have not seen since these forces transformed the Asia-Pacific into the engine of the world economy,” said Dr Alan Bollard, Executive Director of the APEC Secretariat. 

“The shifting landscape is both a cause for consternation and an opportunity to work out and align new policy approaches to globalisation that could result in improved economic and social outcomes.”

By the same token, it is also prompting greater coordinated action to address concerns over market competition, worker dislocation and mounting inequality as the accumulation of wealth increases within economies, he added 

Ministers and officials will focus on establishing freer Asia-Pacific trade that secures the advantages of globalisation while safeguarding the welfare of people hurt by it. 

This includes new collaborative efforts to facilitate high demand industries such as digital innovation, environmental services and food production, and address trade restricting measures that undermine their development and job creating potential.-

VNA

UN chief alarmed by reports of atrocities in Aleppo

United Nations (United States) (AFP) - UN Secretary-General Ban Ki-moon is alarmed by reports of atrocities against "a large number" of civilians, including women and children, in recent hours in the Syrian city of Aleppo, his spokesman said Monday."While stressing that the United Nations is not able to independently verify these reports, the secretary-general is conveying his grave concern to the relevant parties," said spokesman Stephane Dujarric.Ban has asked his envoy Staffan de Mistura to… chat_bubble_outline Read More...

Apple to cut iPhone production in first quarter of 2017: report

(Reuters) - Apple Inc will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said.Apple's shares were down 0.84 percent in midday trading, in line with the Nasdaq stock index.An Apple spokeswoman declined to comment on the report.(Reporting by Aishwarya… chat_bubble_outline Read More...

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MOAB attack on Isis was a baffling choice in cold-blooded terms of cost

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Alleged mastermind of Kardashian heist charged in Paris

Paris (AFP) - A French judge on Friday charged the alleged mastermind of the spectacular Paris heist, in which five masked men robbed US reality TV television star Kim Kardashian of jewellery worth millions, prosecutors said.The 60-year-old man was among seven suspects charged on Friday over the October 3 robbery during which the celebrity was bound and gagged at gunpoint, then locked in a bathroom at the luxury residence where she was staying during Paris Fashion Week.A total of 10 people have… chat_bubble_outline Read More...

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