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SCED: APEC member economies need to intensify co-operation more than ever amid complex challenges (with photos)
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     Notwithstanding the complex challenges posed by supply chain disruptions, inflation, geopolitical tensions, rising protectionism and social and environmental concerns, member economies of the Asia-Pacific Economic Cooperation (APEC) need to intensify co-operation more than ever.
      
     The Secretary for Commerce and Economic Development, Mr Algernon Yau, made the above remarks at one of the plenary sessions of the 33rd APEC Ministerial Meeting (AMM) in Bangkok, Thailand, today (November 17).
      
     At the plenary session themed "Open and Sustainable Trade and Investment", Mr Yau and ministers of 20 other member economies exchanged views on the state of global trade and how to maintain the momentum for open and sustainable trade and development.
      
     "A free and open trade and investment environment is the cornerstone of a dynamic economy, and has always been the bedrock of our city's development. It has been the case for the past 25 years since the establishment of the Hong Kong Special Administrative Region, and will continue to stay so for the years to come.
      
      "We will continue to strengthen external exchanges and bolster regional connectivity. Hong Kong is grateful for the support received thus far towards our accession request to the Regional Comprehensive Economic Partnership (RCEP), and we look forward to making contributions to further regional economic integration through early participation in this landmark free trade agreement," Mr Yau said.
      
     He added that Hong Kong will work with all member economies to expand the reach of these significant regional trade agreements as important and tangible steps towards the realisation of the Free Trade Area of the Asia-Pacific.
      
     On the sidelines of the AMM, Mr Yau met with Vice Minister of Commerce Mr Ling Ji to keep him abreast of the latest economic and trade developments in Hong Kong. He also had a meeting with the Minister for Trade and Export Growth of New Zealand, Mr Damien O'Connor, to exchange views on bilateral trade and issues of mutual concern. After his arrival yesterday (November 16), Mr Yau met with the Minister for Trade and Industry of Singapore, Mr Gan Kim Yong, to discuss various trade and economic issues.
 
Ends/Thursday, November 17, 2022
Issued at HKT 18:03
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The Secretary for Commerce and Economic Development, Mr Algernon Yau, attended the 33rd Asia-Pacific Economic Cooperation Ministerial Meeting in Bangkok, Thailand, today (November 17). Photo shows Mr Yau (second left, front row) speaking at one of the plenary sessions.
The Secretary for Commerce and Economic Development, Mr Algernon Yau, attended the 33rd Asia-Pacific Economic Cooperation Ministerial Meeting in Bangkok, Thailand, today (November 17). On the sidelines of the meeting, Mr Yau (right) met with Vice Minister of Commerce Mr Ling Ji (left) to keep him abreast of the latest economic and trade developments in Hong Kong.
The Secretary for Commerce and Economic Development, Mr Algernon Yau (right), met with the Minister for Trade and Export Growth of New Zealand, Mr Damien O'Connor (left), on the sidelines of the 33rd Asia-Pacific Economic Cooperation Ministerial Meeting in Bangkok, Thailand, today (November 17) to exchange views on bilateral trade and issues of mutual concern.
The Secretary for Commerce and Economic Development, Mr Algernon Yau, attended the 33rd Asia-Pacific Economic Cooperation Ministerial Meeting in Bangkok, Thailand, today (November 17). Photo shows Mr Yau (right) meeting with the Minister for Trade and Industry of Singapore, Mr Gan Kim Yong (left), to discuss various trade and economic issues after his arrival yesterday (November 16).