Towards shared prosperity: Malaysia begins APEC host year in Putrajaya

KUALA LUMPUR (BERNAMA) – Malaysia starts the host year in Putrajaya for the First APEC Senior Officials’ Meeting (SOM1) and related meetings that will take place at the federal government’s administrative centre from February 3-22.

Close to 1,500 policymakers, business leaders and academics from 21 APEC member economies will gather to deliberate and advance a policy agenda for the region’s most pressing issues in the digital era, including multilateralism, trade and investment, human capital development, and sustainability.

“The dozens of fora will converge here, guided by the theme ‘Optimising Human Potential towards a Future of Shared Prosperity’, to focus on the year’s priorities: improving the narrative of trade and investment; inclusive economic participation through the digital economy and technology; and driving innovative sustainability,” the APEC Secretariat said in a statement yesterday.

Chair of APEC 2020 Senior Officials, Hairil Yahri Yaacob, said, “Shared Prosperity is the idea that focusses on creating more inclusive, sustainable, innovative and secure trade and investment, as regional cooperation can be fruitful for narrowing inequalities within and among economies.”

Accounting for 60 per cent of global gross domestic product, APEC economies play a significant role in driving the world’s economic growth.

Established in 1989, APEC also marks the start of a new era in 2020 as the forum finalises a renewed vision for the coming decades.

“The last 30 years have shown that regional cooperation is essential in addressing common challenges. APEC is stronger when we support each other to rise above shared vulnerabilities,” APEC Secretariat executive director Tan Sri Dr Rebecca Fatima Sta Maria said.

The Perdana Putra in Putrajaya. The First APEC Senior Officials’ Meeting (SOM1) and related meetings will take place at Malaysia’s administrative centre from February 3-22