The United States congratulates Thailand on successfully hosting the APEC year despite the ongoing economic challenges posed by the COVID-19 pandemic and Russia’s war on Ukraine. Through 2022, the United States will work with APEC economies to strengthen supply chain resilience and trade facilitation, build a more open digital economy, level the playing field and open markets in the region, promoted economic empowerment and promoted sustainable economic growth. Vice President Harris’ participation in his APEC Economic Summit underscored the US commitment to economic cooperation in the region. She previewed her US goals for her APEC host year of 2023, announcing San Francisco as the host city. . similarly Bangkok’s Goals for a Bio-Circular Green Economy We are committed to meeting the ambitious sustainability and inclusiveness goals of APEC economies.Secretary Brinken and Thai Ambassador to the United States Trade Representative joined their counterparts in issuing the consensus We look forward to continuing to advance many of these priorities in 2023, the year the United States hosts APEC.
Reasons to join APEC
Through APEC, the United States seeks to advance a free, fair, and open economic policy agenda that benefits American workers, businesses, and families. The 21 APEC member countries make up her 38% of the world’s population, or her 2.9 billion people, and account for about 47% of global trade. As of 2021, other her APEC members are the destinations for more than 60% of US merchandise exports, and seven of the US’ top 10 trading partners are her APEC members.
As part of our enduring commitment to regional and broader economic growth, the United States is very much looking forward to hosting APEC in 2023. Focusing on the Indo-Pacific region, it highlights the direct impact that international economic engagement has on prosperity here in the United States. Under the theme of “Creating a Resilient and Sustainable Future for All”, we plan to build a more interconnected, innovative and inclusive APEC region.
We look to further US economic engagement in the region throughout the 2023 APEC year. Regular exchanges between governments, business leaders, and other stakeholders, including through the APEC Business Advisory Council (ABAC), will ensure that APEC is committed to helping U.S. workers and businesses face both at home and in the community. essential to ensure that we provide practical solutions to the major challenges we face.
Conduct free, fair and open trade in the region
The United States is committed to working with APEC economies to make trade a force for good, encouraging a race to the top and bringing economic prosperity to American workers and all people. US priorities in APEC include making resilience, sustainability and inclusivity core values in trade policy choices. Advancing the needs of American workers, consumers, and businesses. Prepare other economies for participation in high-level trade agreements. With her APEC, the US is working to advance the administration’s trade agenda by:
- Promote economic inclusion by strengthening multi-stakeholder engagement and incorporating diverse voices when formulating trade agreements.
- Support strong public-private dialogue with key trade and digital policymakers to discuss the region’s changing digital trade environment.
- Strengthen regional supply chains by promoting resilient regional logistics sectors, with a particular focus on facilitating the movement of essential goods.
- Increase the competitiveness of services, including by hosting workshops on the implementation of WTO rules to improve the transparency and fairness of licensing processes.
- Sharing U.S. Customs and Border Protection Best Practices At the APEC Customs Business Dialogue in Thailand.
- Advance dialogue on the importance of tripartism, the principle of social dialogue and cooperation between governments, employers and workers, in determining economic policy, including just transitions.
- creating reports, databases, and On new technologies and regulatory frameworks and standards.
Supporting America’s Innovation and Digital Economy
COVID-19 highlights the importance of the digital economy in driving economic growth, creating new jobs, fostering new markets and new industries in all APEC economies. A more open, interoperable, and secure internet will benefit the US economy, where the digital economy accounts for an estimated 10% of GDP. This year, the United States promoted new and innovative digital technologies to respond to and recover from COVID-19 by:
- Facilitate an enabling environment for the digital economy by leading and advancing public-private dialogue on digital trade, including enabling cross-border data flows and emerging technologies.
- Recognize early-career scientists and regional collaborations through the annual APEC Science Awards for Innovation, Research and Education (ASPIRE).
- Spotlight Approaches to Facilitating Access to Open Government Data – Host workshops focused on emerging policy and regulatory frameworks for open government data measures in the APEC region.When
- establishment of Create an international data privacy certification system based on the APEC CBPR system.
Business support for US companies
In APEC, we are working to improve economic policies, business regulations, and fair competition practices, level the playing field for American businesses, and open markets. We also work with countries to implement good regulatory practices, remove barriers to doing business, and take anti-corruption measures. Our work in APEC makes it easier for US companies to do business in the region.
- Enhancing ethical business practices in the community By setting best practices and building capacity to expand the consensus framework for ethical collaboration in the health sector;
- Increase supply chain resilience and address emerging supply chain challenges through the APEC Supply Chain Connectivity Alliance (A2C2).
- Support an open and competitive trade in professional services, including sharing U.S. best practices related to accreditation and certification.
- Strengthen copyright protection for U.S. creators in foreign markets by leading the debate on effective enforcement measures against illegal streaming.When
- Facilitate trade in agricultural products produced using biotechnology and foster engagement and dialogue for the adoption and use of transparent, predictable and science-based policy and regulatory frameworks.
Expanding women’s economic participation
One of APEC’s top priorities remains to promote women’s economic empowerment across the region. Increasing women’s economic participation and leadership will boost GDP growth and promote stability, especially in the region’s post-pandemic economic recovery. Through APEC, we are working to expand economic opportunities for women by:
- Grow your business by increasing women’s access to digital tools and reaching international customers through cross-border e-commerce.
- Bridging the gaps in free care.La Serena’s Roadmap for Women and Inclusive Growthidentify policies to support unpaid caregivers;
- Support women’s participation in the workforce, promote women’s entrepreneurship and health, and increase leadership positions and representation in STEM.
- to start Promote a stronger legal environment to support women’s economic participation.
- partnering with Vietnam to help the economy identify gaps in supporting women’s engagement in e-commerce and highlight potential areas of improvement to support future capacity building; and
- Promote sustainable economic development for women by addressing policy barriers to HPV and cervical cancer prevention, control and eradication.
Promoting a healthy, resilient and sustainable economy
The United States is working with APEC partners to address external factors that affect economic participation, including social protection, health, and environmental issues. Working to maintain healthy populations, build resilience, and promote sustainable use of environmental resources are all necessary to sustain long-term economic growth. APEC is working to reduce the economic impact of health and environmental challenges by:
- health and resilience
- APEC member improvement Strengthen the telemedicine service environment and promote best practices in medical technology across APEC to strengthen COVID-19 recovery, promote equitable access to healthcare and restore cross-border travel in APEC. .
- Promote strategies and public policies to help reduce food loss and waste. .
- Improve traceback and food safety management through a better understanding of whole-genome sequencing data analysis and food safety testing.
- Improving information sharing and understanding of the fundamentals of risk communication and its application to Maximum Residue Levels (MRLS) for pesticides.When
- approval of of Food security roadmap 2030, Promote regional progress towards achieving lasting food security, improved nutrition and food security.
- Share and promote coastal resilience best practices to help protect and conserve the marine environment in Asia-Pacific.
- Implement a Roadmap on Combating Illegal, Unreported and Unregulated Fishing and a Roadmap on Marine Debris. This includes by providing support to the APEC Marine Debris Management and Innovation Sub-Fund. Gain a better understanding of new regulatory measures, policies and requirements related to harvesting, processing and trading of legal timber, as well as enforcement mechanisms to combat illegal logging and related trade.
- Strengthen the policy environment related to the use of compostable bioplastics and make standards for labeling and composability clearer.
- By sharing experiences and providing APEC countries with the opportunity to develop strategies to accelerate the energy transition, we will promote a just energy transition while addressing the needs of the communities and people most affected by this transition. to support.When
- Developing modern energy security initiatives to enhance energy security and provide access to affordable, reliable, resilient and sustainable energy.
For more information, please contact the Economic Policy Department, East Asia and Pacific Department. DOSAPEC@state.gov.