APEC economies pledge joint efforts on post-Covid recovery

Kuala Lumpur, Nov 21 : The leaders of the Asia-Pacific Economic Cooperation (APEC) have committed their efforts to combat the Covid-19 crisis and pushing for post-pandemic recovery in a coordinated manner.
At the virtually-held 27th APEC Economic Leaders’ Meeting, the bloc also launched a new long-term blueprint for regional cooperation, which envisions an “open, dynamic, resilient and peaceful Asia-Pacific community”, reports Xinhua news agency.
In his opening speech on Friday, Malaysian Prime Minister Muhyiddin Yassin said APEC would play a central role in spearheading post-pandemic recovery.
In a joint declaration later in the day, the APEC economic leaders announced their commitment to “stand united in our determination to enable the Asia-Pacific region to successfully recover from the pandemic and its economic impacts” amid one of the most “challenging health and economic crises”.
“We are committed to protecting our people’s lives and safeguarding their health. We resolve to further navigate the region towards recovery along the path of strong, balanced, inclusive, sustainable, innovative and secure economic growth,” said the Kuala Lumpur Declaration, named after the capital city of Malaysia, the host of this year’s APEC meetings.
“Our coordinated action and cooperation are more important than ever to overcome the challenges of Covid-19 and realize new and emerging opportunities for prosperity for all,” it said.