U.S. APEC 2022 Outcomes – United States Department of State

The United States congratulates Thailand for hosting a successful APEC year despite ongoing economic challenges caused by the COVID-19 pandemic and Russia’s war on Ukraine. in 2022 The United States worked with APEC countries to strengthen supply chain resilience and facilitate trade, build a more open digital economy, level the playing field and open markets in the region, promote women’s economic empowerment, and promote sustainable economic growth. Vice President Harris’ attendance at the APEC Economic Leaders’ Meeting underscored the United States’ commitment to economic cooperation in the region. She reviewed the US goals for 2023. in our APEC host year and announced San Francisco as the venue. in 2023 APEC Economic Leaders’ Week . The leaders approved a consensus statement also Bangkok targets for bio-circular-green economy and committed to the ambitious sustainability and inclusion goals of APEC economies. Secretary Blinken and U.S. Trade Representative Ambassador Tai joined their colleagues to reach agreement joint ministerial statement . We hope that in 2023 In the United States’ hosting year for APEC, we will continue to pursue many of these priorities.

WHY WE PARTICIPATE IN APEC

Through APEC, the United States is pursuing a free, fair and open economic policy agenda that benefits US workers, businesses and families. APEC’s 21 member economies account for 38 percent of the world’s population, or 2.9 billion people, and about 47 percent of global trade. in 2021 more than 60 percent of US merchandise exports went to other APEC members, and seven of the US’s 10 largest trading partners are APEC members.

As part of our long-term commitment to the region and broad-based economic growth, the United States is pleased to host APEC in 2023. Hosting APEC in 2023 will provide the United States with a unique opportunity to demonstrate U.S. economic leadership and multilateralism in the Indo-Pacific region and highlight the direct impact of international economic engagement on prosperity here in the United States. Under the theme “Building a resilient and sustainable future for all”, we plan to build a more interconnected, innovative and inclusive APEC region.

in 2023 During the APEC preparation year, we will seek to further strengthen US economic cooperation with the region. Regular exchanges between governments, business leaders (including the APEC Business Advisory Council (ABAC)) and other stakeholders are critical to ensuring that APEC provides pragmatic solutions to key challenges facing US workers and businesses both at home and in the region.

Also Read :  The 8 Best Eco-Friendly Vacations You Can Take in the U.S.

TRADE IN THE REGION IS FREE, FAIR AND OPEN

The United States is committed to working with APEC economies to make trade a force for good, driving the race to the top and ensuring economic prosperity for our workers and all our people. US priorities in APEC include core values ​​of resilience, sustainability and inclusion in trade policy choices; Increasing the needs of US workers, consumers and businesses; and preparing other economies to participate in high-standard trade agreements. The United States is working at APEC to advance the administration’s trade agenda:

  • Increase economic inclusion by promoting greater multi-stakeholder participation and diverse voices in the development of trade agreements;
  • Support robust public-private dialogues with key trade and digital policy makers to address the evolving digital trade landscape in the region;
  • Strengthening regional supply chains by promoting a resilient regional logistics sector, with a particular focus on facilitating the movement of essential goods;
  • Increasing the competitiveness of services, including holding a workshop on the implementation of WTO rules to improve the transparency and fairness of licensing processes;
  • Sharing best practices from US Customs and Border Protection Green trade strategy APEC Customs Business Dialogue in Thailand;
  • Conduct conversations about the importance of tripartism, the principle of social dialogue and cooperation between governments, employers and workers in economic policy decisions, including a just transition;
  • Carry out technical coordination to support convergent standards and regulatory approaches in the region for electric vehicles and other new vehicle technologies by creating a report, database and hosting workshop on new technologies and regulatory frameworks and standards.

SUPPORTING US INNOVATION AND THE DIGITAL ECONOMY

COVID-19 has highlighted the importance of the digital economy in driving economic growth, creating new jobs and developing new markets and new industries across APEC countries. A more open, interactive and secure internet will benefit the US economy, where the digital economy accounts for about 10 percent of GDP. This year, the US has promoted new, innovative digital technologies to respond to and recover from COVID-19:

  • Creating an enabling environment for the digital economy by leading and promoting public-private dialogues on digital trade issues, including cross-border data flows and new technologies;
  • Recognition of early career scientists and regional collaboration through the annual APEC Science Award for Innovation, Research and Education (ASPIRE);
  • Highlight approaches to facilitate access to open government data by organizing a workshop focusing on new policies and regulatory frameworks related to open government data tools in the APEC region; and
  • Upon establishment Global Forum on Cross-Border Privacy Regulations (CBPR). establish an international data privacy certification system based on the APEC CBPR framework.
Also Read :  Biden accepts resignation of U.S. Customs and Border Protection Commissioner Chris Magnus

WE HELP US COMPANIES DO BUSINESS

We work in APEC to improve economic policy implementation, business regulation and fair competition to level the playing field and open markets for US companies. We also work with economies to implement good regulatory practices, remove barriers to doing business and implement anti-corruption measures. Our work in APEC makes it easier for US companies to do business in the region by:

  • Strengthen ethical business practices in the region through APEC Business Ethics SME Initiative identifying best practices and building capacity to expand consensus bases for ethical collaboration in the health sector;
  • Building supply chain resilience and addressing emerging supply chain challenges through the APEC Alliance for Supply Chain Connectivity (A2C2);
  • Promoting open and competitive trade in professional services, including sharing best US practices in credentialing and recognition;
  • Strengthening copyright protection for US creators in foreign markets by leading the discussion on effective enforcement practices to combat illegal streaming; and
  • Facilitate trade in agricultural products produced using biotechnology and promote engagement and dialogue to adopt and use transparent, predictable and science-based policy and regulatory frameworks.

EXPANDING WOMEN’S PARTICIPATION IN THE ECONOMY

One of our top APEC priorities remains promoting women’s economic empowerment across the region. Greater participation and leadership of women in the economy, especially as the regional economy recovers from the pandemic, will lead to GDP growth and stability. Through APEC, we aim to expand women’s economic opportunities by:

  • Promote women’s access to digital tools to grow their businesses by reaching international customers through cross-border e-commerce;
  • Closing the Unpaid Care Gap, as aligned withLa Serena Roadmap for Women and Inclusive Growthestablish policies to support unpaid nurses;
  • support women’s participation in the labor market, promote women’s entrepreneurship and health, and increase representation in leadership positions and STEM;
  • Launching Assessing the economic impact of gender and structural reforms create a stronger legal environment to support women’s economic participation;
  • Work with Vietnam to help economies identify gaps in support for women’s participation in e-commerce and highlight potential areas for improvement in future capacity building support; and
  • Promote sustainable economic advancement for women by addressing policy barriers to HPV and cervical cancer prevention, control and elimination.
Also Read :  North Korea calls UN's Guterres 'puppet of US' after launch

PROMOTE A HEALTHY, RESILIENT AND SUSTAINABLE ECONOMY

The United States works with APEC partners to address external factors that affect economic participation, such as social security, health, and the environment. Sustaining long-term economic growth requires efforts to maintain a healthy population, increase resilience, and promote sustainable use of environmental resources. We work in APEC to mitigate the economic impact of health and environmental challenges:

  • Health and resilience
    • Development of APEC members understanding of policy and practice strengthen the telehealth service environment and promote best health technology practices across APEC to promote recovery from COVID-19, facilitate access to equitable healthcare services, and restore cross-border travel in APEC;
    • Promote strategies and public policies to reduce food loss and waste Report endorsed by APEC .
    • Improving traceability and food safety management by enhancing understanding of whole-genome sequencing data analysis and food safety research;
    • Improve the exchange of information and understanding of the basics of risk communication and its application APEC Food Safety Risk Communication Framework determine the maximum levels of pesticide residues (mrl); and
    • Agreement implementation plan from Food Security Action Plan in 2030, promote progress in the region towards sustainable food security, better nutrition and food security.
  • Sustainability
    • Sharing and promoting best practices in coastal resilience to support the protection and conservation of the Asia-Pacific marine environment;
    • Implementation of the Guidelines and Action Plan on Combating Illegal, Unreported and Unregulated Fishing, including support to the APEC Marine Litter Management and Innovation Sub-Fund; Promote better understanding of new regulatory measures, policies and requirements related to the harvesting, processing and trade of legal timber, and enforcement mechanisms to combat illegal logging and related trade;
    • Strengthening the policy environment for the use of compostable bioplastics by providing more clarity on labeling and composition standards;
    • Promoting a “just energy transition” by sharing experiences and enabling APEC members to develop strategies to accelerate the energy transition while supporting the needs of the communities and populations most affected by the transition; and
    • Building a modern energy security initiative to strengthen energy security and provide access to affordable, reliable, resilient and sustainable energy.

For more information, contact the Bureau of East Asian and Pacific Affairs’ Office of Economic Policy at [email protected].

Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button