APEC joint agreement on key issues

A JOINT agreement signed by the 21 APEC member economies – including Papua New Guinea – in Lima, Peru, has touched on a host of issues to drive growth and human development.
APEC joint agreement on key issues APEC joint agreement on key issues APEC joint agreement on key issues APEC joint agreement on key issues APEC joint agreement on key issues

Staff Reporter

The 2016 APEC Ministerial Meeting was co-chaired by Peru's Foreign Minister Ricardo Luna and Trade Minister Eduardo Ferreyros and was followed by the continuation of the 2016 APEC CEO Summit and the economic leaders' meetings held over the weekend.

Among the priorities agreed to by the APEC members were declaration statements on tourism, energy, mining and anti-corruption:

Tourism

As the world's largest air passenger market, we acknowledge the importance of travel and tourism as a vehicle for job creation, economic growth, sustainable development, and peace.

The movement of travellers across the Asia-Pacific region for both business and tourism is key to promoting economic growth, trade, and regional economic integration.

We welcome the "Developing Traveller-Friendly Airports in the APEC Region" and stress the importance of moving forward with efforts to develop smart traveller programs and visa facilitation agreements. We also encourage APEC economies to develop trusted traveller programs and utilise advanced information systems such as advance passenger information and passenger name record (API/PNR) in order to ensure safe, secure and efficient travel.

Energy

We reaffirm our commitment towards aspirational goals to reduce aggregate energy intensity by 45% by 2035, to double the share of renewable energy in the APEC energy mix by 2030, and to achieve sustainable and resilient energy development within the Asia-Pacific.

We commit to rationalising and phasing out inefficient fossil fuel subsidies which encourage wasteful consumption, while still providing essential energy services. We express our appreciation to the economies that have volunteered to undergo a voluntary inefficient fossil fuel subsidy peer review in APEC and the G20, and we encourage more economies to participate in peer review.

We welcome the completion of the APEC Guideline for Quality Electric Power Infrastructure and Energy and Economic Competitiveness Report.

We recognise that sustainable development, energy access, energy resilience, and energy security are critical to the shared prosperity and future of the region.

We appreciate member economies' efforts to create favourable conditions for trade and investment to support a diversified, flexible, and integrated natural gas market in the APEC region.

We endeavour to achieve a more secure and safe energy infrastructure and reaffirm the vital importance of achieving and maintaining high levels of nuclear safety, security, and non-proliferation, worldwide.

Mining

We welcome the strengthening of mining collaboration during 2016 and commend the initiatives commenced with the support of the APEC Mining Sub-fund, advancing the 10 Mining Policy Principles for sustainable and inclusive growth of the mining sector.

Anti-corruption

We reiterate our commitment to implement the Beijing Declaration on Fighting Corruption. In line with each economy's laws and policies, we are committed to denying safe havens for corrupt officials and their proceeds of corruption.

We commit to strengthen cooperation on repatriation or extradition, as appropriate. We will continue to implement the actions outlined in the APEC Course of Action on Fighting Corruption and Ensuring Transparency, Code of Conduct for Business, and Principles on the Prevention of Bribery and Enforcement of Anti-bribery Laws.

We are committed to further strengthen the APEC Network of Anti-Corruption Authorities and Law Enforcement Agencies (ACT-NET) and drawing on the experiences of law enforcement by sharing best practices, and promoting cross-border cooperation, both formal and informal, to investigate and prosecute corruption and bribery cases.

We will commit to highlight the importance of best practices shared on the implementation of anti-corruption and anti-bribery compliance programs designed to prevent and detect bribery, considering incentives by member economies to encourage businesses to establish effective voluntary anti-corruption programs and support for our pathfinder dialogues on fighting corruption and illicit trade.

 

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