APEC 2017 Finance and Central Bank Deputies’ Meeting kicks off

The latest updates on the implementation of the Cebu Action Plan (CAP) and activities of the APEC economic committee as well as financial cooperation progress will be the highlight of the APEC 2017 Finance and Central Bank Deputies’ Meeting, which opened in the central coastal province of Quang Nam on October 20.

Friday, October 20, 2017 10:04

APEC 2017 Finance and Central Bank Deputies’ Meeting kicks off ảnh 1

At the event (Photo: VNA)

Quang Nam (VNA) – The latest updates on the implementationof the Cebu Action Plan (CAP) and activities of the APEC economic committee aswell as financial cooperation progress will be the highlight of the APEC 2017Finance and Central Bank Deputies’ Meeting, which opened in the central coastalprovince of Quang Nam on October 20.

At the opening ceremony, Vietnamese Deputy Minister of Finance Tran XuanHa said that the meeting is of significance to domestic and foreign delegatesto discuss such important issues to report to finance ministers the followingday.

APEC finance and bank deputies agreed on four priorities at the APEC Financeand Central Bank Deputies Meeting (FCBDM) held in Nha Trang in February,including Long-term Investmentin Infrastructure, Base Erosion and Profit Shifting, Disaster Risk Financingand Insurance and Financial Inclusion, Ha said.

Vietnam has joined hands with foreign agencies to organise conferences on thefour priorities, he noted, adding that both domestic and internationaldelegates set to review all of those priorities and make recommendations forcooperation in the coming time.

🅘[APEC Senior Finance Officials’ Meeting opens in Quang Nam]

Delegates will give their opinions to the draft JointMinisterial Statement which was discussed among finance officials from 21 APECeconomies on October 19 to submit the final one to the APEC Finance Ministers’meeting on October 21.

TheAsia-Pacific Economic Cooperation (APEC) is the Asia-Pacific region’s premiereconomic forum. Its primary goal is to support sustainable economic growthand prosperity in the Asia-Pacific region.

APEC is united in adrive to build a dynamic, sustainable and harmonious Asia-Pacific community byboosting free and open trade and investment, promoting and acceleratingregional economic integration, encouraging economic and technical cooperation,and facilitating a favorable and sustainable business environment. APECinitiatives turn policy goals into concrete results and agreements intotangible benefits.

The idea of APEC wasfirstly publicly broached by former Australian Prime Minister Bob Hawke duringa speech in Seoul, the Republic of Korea, on 31 January 1989. Ten monthslater, 12 Asia-Pacific economies met in Canberra, Australia, to establish APEC.The founding members were: Australia, Brunei Darussalam, Canada, Indonesia,Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines,Singapore, Thailand and the US.

China, Hong Kong (China)and Chinese Taipei joined in 1991. Mexico and Papua New Guinea followed suit in1993 and Chile in 1994. In 1998, Peru, Russia and Vietnam joined the forum,taking its membership to 21.

This year marks the second time Vietnam has hosted the APEC Year afterthe first in 2006.-VNA

VNA

#Quang Nam #APEC Vietnam 2017 #Cebu Action Plan 🌄#APEC 2017 Finance and Central Bank Deputies’ Meeting #finance ministers #vietnamplus #Vietnam News Agency Quang Nam

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