KUALA LUMPUR: The need for a stronger concerted effort among Asia-Pacific Economic Cooperation (Apec) economies and a more focused strategy for structural reforms, especially in harnessing modern digital technology to address economic challenges, has become more critical than ever amid the adverse impact of the Covid-19 pandemic.
For instance, if a shift to digital was a looming need a few months ago, it is now a stark reality. For some sectors of society, such as smaller businesses, it is a matter of survival, chair of Apec Economic Committee (EC) Dr James Ding said.
He said the EC provides support for advancing Apec’s agenda to help economies implement structural reform to stimulate economic growth and bolster trade and investment volume.