PECC

Register

2021 APEC SRMM Photo
On behalf of PECC Co-Chairs, Mr. Eduardo Pedrosa, Secretary-General of PECC attended the 3rd APEC Structural Reform Ministerial Meeting virtually on 16 June 2021. This meeting is pivotal not only because it will set forward APEC’s further work on structural reform for the next 5 years, but also its relative importance to the overall APEC agenda.


PECC’s statement to the ministers identified 5 key action areas that needed to be addressed in APEC’s next phase of work on structural reforms::

  1. Promotes structural reform to achieve well-functioning, transparent and competitive markets;
  2. Recognises the importance of structural reform for progressing liberalisation, facilitation and expansion of services and agricultural trade, and in facilitating the freer, more efficient flow of foreign investment;
  3. Embraces a strong commitment to deeper regulatory cooperation and development of compatible standards to improve connectivity and efficient investment in infrastructure;
  4. Underlines how structural reform can contribute to the achievement of APEC’s inclusion and sustainability objectives;
  5. Enhances the region’s capacity to respond to opportunities associated with digital technologies, including by recognising the importance of competition in key sectoral markets such as telecommunications as a prerequisite for capturing the full benefits of the digital technologies.

PECC highlighted the role of structural reform and identified key action areas and recommendations on labor market and social policy issues, sustainability and climate change, digital transformation, institutional arrangements and capacity building. PECC noted that one of the key risks to growth identified in its annual State of the Region survey over years had been the failure to implement structural reforms they therefore placed a high priority on APEC’s ability to facilitate transformative policies that will help to realize the Putrajaya Vision.

 
PECC Statement for APEC SRMM

 

You can also log in with your social media account by clicking the icons below

 

Pacific Currents

Digital Technologies, Services and the Fourth Industrial Revolutions
Submitted by Jane Drake-Brockman, Christopher Findlay, Yose Rizal Damuri and Sherry Stephenson 


COVID-19 has Exposed Major Gaps in our Social Safety Nets: In a Post-COVID World Will these Gaps be Closed?
Hugh Stephens
Vice Chair, CANCPEC; Distinguished Fellow, Asia Pacific Foundation of Canada; Executive Fellow, School of Public Policy at the University of Calgary


COVID-19: Experiences from best practices in Asia show a path forward in the fight against the coronavirus
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Wuhan Dispatch: Part 2: Sharing Best Practices Around Testing and Treatment
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Wuhan Dispatch: Part 1: Establishing a Dialogue Between Canadian and Chinese Health-care Professionals
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Multilateral Cooperation is a Safeguard against Pandemics
Rebecca Fatima Sta Maria
Executive Director, APEC Secretariat


International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)


G20 comes to the fore again
Jorge Heine
Research Professor, Pardee School of Global Studies, Boston University; Non-resident senior research fellow at the Center for China and Globalization in Beijing


Tackling COVID-19 Together: A Bottom-Up Approach to Trade Policy
Simon J. Evenett
Economics Professor at the University of St. Gallen, Switzerland and Global Trade Alert


Drastic measures to stop spread of COVID-19 are necessary
Charles E. Morrison
Adjunct Fellow and Former President of the East-West Center; Former Co-Chair, PECC


International Trade at a Time of Covid-19
Roy Santana
Expert on tariffs and customs issues at the WTO; occasional lecturer


ASEAN-China cooperation in time of COVID-19 pandemic
Jusuf Wanandi
Vice Chair, Board of Trustees, CSIS Foundation; Former Co-Chair of PECC