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BANGKOK, Oct. 13, 2022 /PRNewswire=KYODO JBN/ --

Thailand has been given the immense honor of hosting the Asia-Pacific Economic

Cooperation, or APEC, in November 2022. The role comes with major opportunities

and equally significant duties for Thailand due to APEC's long-standing

importance as well as the unique context of the year.

Thailand Hosts APEC 2022 to Reconnect and Empower the Region to New

Opportunities: https://mma.prnewswire.com/media/1917951/1.mp4  

APEC was established in 1989 with Thailand as a co-founding member. The

important forum for economic cooperation has since come to comprise 21 leading

economies in the Asia-Pacific region.

Throughout the decades, APEC's core value has remained promoting regional

economic integration. At present, APEC is home to over 2.8 billion people with

a combined GDP of more than 53 trillion US dollars, more than half of the

world's GDP and global trade.

Hosting the meeting in the first year following alleviation of the COVID-19

pandemic, Thailand's theme for APEC in 2022, "Open. Connect. Balance."

indicates the key deliverables it envisions namely; opening the region to

opportunities, connecting across all dimensions, and helping achieve balance in

all aspects.

The 21 economies of APEC, utilize the meeting annually to discuss avenues for

facilitating trade and economic progress in a range of dimensions, stand to

especially benefit this year due to their need to reconnect, uncover new

opportunities for growth and build resilience against emerging challenges.

Initiatives spearheaded by Thailand in accordance with these objectives

include; refreshing the dialogue on the Free Trade Area of the Asia-Pacific

(FTAAP) through a post-COVID-19 lens, forming the Safe Passage Taskforce to

coordinate safe and seamless resumption of cross-border travel and securing

endorsement for the Bangkok Goals on the Bio-Circular-Green (BCG) Economy as a

leader-level document committing APEC to environmentally-conscious economics.

Furthermore, Thailand has devoted attention during its year as host to

supporting digital technology and innovation to develop human capacity,

promoting access to funding for Micro, Small, and Medium sized Enterprises

(MSMEs), empowering women through more inclusive economic participation, and

supporting sustainable tourism.

From the doldrums brought on by COVID-19, APEC poises itself in 2022 to not

only revitalize its economies, but to emerge stronger and better equipped to

achieve long-term prosperity. Thailand, in the host role, will be able to

showcase its capabilities as one of the founding members of the forum.

The APEC Economic Leaders' Week will run from 14 to 19 November 2022, while the

APEC Economic Leaders' Meeting will take place on 18 - 19 November in Bangkok.

Prior to the main meeting, there will be a series of gatherings, including the

final APEC Senior Officials' Meeting, as well as the APEC Ministerial Meeting,

which is attended by trade ministers and foreign affairs ministers.

Source: Ministry of Foreign Affairs, Kingdom of Thailand

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