APEC Trade Ministers are scheduled to deliberate on issues related to inclusivity and economic prosperity for the benefit of the region, including proposed WTO reforms to build resilience in the face of current and future global challenges.
In line with the Putrajaya Vision 2040, the APEC Trade Ministers are also expected to address concerns in building regional supply chain resilience, combating climate change and addressing economic inequality.
In a statement issued by the Ministry Of Investment, Trade & Industry (MITI) today (May 25), Deputy Minister Liew Chin Tong, will lead the Malaysian delegation at the 29th APEC Ministers Responsible for Trade (MRT) Meeting from 25 to 26 May 2023 in Detroit, Michigan, the United States of America.
The meeting would be the first Ministerial meeting to be hosted by the United States as APEC 2023 host. Her Excellency Ambassador Katherine C. Tai, the United States Trade Representative (USTR) will chair the 29th MRT Meeting which is expected to be attended by all APEC Trade Ministers. As part of MRT tradition, the Director-General of the World Trade Organisation (WTO), APEC official observers, the Pacific Economic Cooperation Council (PECC) and the Association of Southeast Asian Nations (ASEAN) will also be present to share their stand and opinion on current global trade matters.
For APEC 2023, the United States has chosen the theme “Creating a Resilient and Sustainable Future for All”, supported by the three main priorities, namely, Interconnected, Innovative and Inclusive. Guided by the theme and key priorities, APEC Trade Ministers will deliberate on issues related to inclusivity and economic prosperity for the benefit of the region, including proposed WTO reforms to build resilience in the face of current and future global challenges. In line with the Putrajaya Vision 2040, the APEC Trade Ministers are also expected to address concerns in building regional supply chain resilience, combating climate change and addressing economic inequality.
Liew is onboard to share Malaysia’s efforts in complementing regional demands to strengthen trade, while ensuring socio-economic sustainability and inclusivity. He will also exchange views with APEC Trade Ministers on ways to further enhance trade and investment for improved regional economic integration.
As part of APEC’s continuous engagement with the private sector, Liew will also participate in the SME Stakeholder Luncheon with the theme “Connecting SMEs to the Global Economy”. Further, APEC Trade Ministers, together with the APEC Business Advisory Council (ABAC) Representatives will discuss ways to strengthen SME inclusion in the global economy.
