Sultan: Brunei set to join regional revitalisation agenda: Sultan


Sultan Hassanal Bolkiah during the video conference. - Borneo Bulletin/Asian News Network

BANDAR SERI BEGAWAN, Nov 21 (Borneo Bulletin/ANN): The Covid-19 pandemic is a test of Apec’s relevance as an economic cooperation platform that has benefitted the people of APEC over the past decades.

His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam said this in a speech during the Asia-Pacific Economic Cooperation (Apec) Leaders for the 27th APEC Economic Leaders’ Meeting (AELM) Leaders’ Retreat via video conference from Baitul Mesyuarah, Istana Nurul Iman on Friday (Nov 20).

The monarch said Brunei, as an Apec member and Asean Chair in 2021, looks forward to working closely with all economies in continuing the regional economic revitalisation agenda, and urged Apec to leverage upon its collaboration with other international organisations.

His Majesty also stated that Brunei welcomes the APEC Putrajaya Vision 2040, which provides renewed impetus to fulfil a new mission in a post-Covid-19 era.

His Majesty went on to highlight several points, first of which is that Apec needs to restore market confidence to promote early recovery and revitalise trade and investment.

Apec needs to advocate a pro-business climate by pursuing structural reforms, strengthening trade facilitation and economic integration as well as progressing work on the Free Trade Area of the Asia-Pacific (FTAAP).

Secondly, the empowerment of Apec’s people, especially youth and women, as well as businesses, particularly micro, small and medium enterprises (MSMEs), has to be prioritised to ensure that no one is left behind. This includes promoting equitable access to economic opportunities and resources to enable them to benefit from new technologies and growth prospects.

Lastly, Brunei welcomes efforts to strengthen APEC’s economic and technical cooperation agenda which should promote more capacity building, sharing of best practices especially in digitalisation and human resource development.

The meeting carried the theme, ‘Optimising Human Potential Towards a Resilient Future of Shared Prosperity: Pivot, Prioritise, Progress’.

His Majesty also wished Prime Minister of New Zealand Jacinda Ardern much success for New Zealand’s APEC Chairmanship next year, and said together, Apec will be able to face the challenges and seize opportunities ahead, towards achieving its vision of an open, dynamic, resilient and peaceful Asia-Pacific community by 2040. - Borneo Bulletin/Asian News Network

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Brunei , King , Apec Vision

   

Did you find this article insightful?

Yes
No

88% readers found this article insightful

Next In Aseanplus News

Nissan to close Philippines car assembly operations
Bank of Japan revises up growth outlook for next two years
Asian Development Bank: Cambodia needs industry transformation to boost garment, tourism sectors
Thai govt keen to push Dawei SEZ development despite Italian-Thai setback
Singapore is second most preferred city for cross-border investments: Survey
Cambodia confirms 5 imported COVID-19 cases, 453 in total
Bitcoin falters for a second day slides below technical level
Global Times Editorial: Biden drops Trump's toxic rhetoric toward China, but courage needed to fix ties
Vietnam's future growth lies on new communist party leadership
China's 2020 FDI hits record high amid recovering economy

Stories You'll Enjoy