World Insights: APEC economies pledge to promote sustainable development with adoption of Bangkok Goals

BANGKOK. KAZINFORM Leaders of the Asia-Pacific Economic Cooperation (APEC) economies wrapped up their annual meeting here on Saturday after issuing a declaration and endorsing an outcome document on the Bio-Circular-Green (BCG) Economy model.

Calling the Bangkok meeting a shared success among all APEC members, Thai Prime Minister Prayut Chan-o-cha told a press conference that APEC must work to boost resilience and ensure a more inclusive and sustainable growth, Xinhua reports.

The declaration, adopted after the two-day APEC Economic Leaders' Meeting, affirmed APEC leaders' long-standing commitment to promoting strong, balanced, secure, sustainable and inclusive growth, as well as their commitment to realizing the APEC Putrajaya Vision of an open, dynamic, resilient and peaceful Asia-Pacific community by 2040.

The Bangkok Goals on BCG Economy, covering climate change mitigation, sustainable trade and investment, environmental conservation and waste management, is a comprehensive framework to further APEC's sustainability objectives.

This year's meeting is the first in-person gathering of the APEC economic leaders since 2018, which was held under the theme of «Open, Connect, Balance.»

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