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Commerce Minister Zulkifli Hasan said Indonesia’s presence at the MRT meeting was to show Indonesia’s support for the development of the system trade especially in the Asia-Pacific region and establish mutually beneficial business relationships.

“Indonesia supports APEC’s efforts to develop economic cooperation in the Asia-Pacific region, which is beneficial to all APEC economies. We will be present at the APEC MRT meeting to bring a support for the trading system woven by APEC to develop the regional economy,” Commerce Minister Zulhas – his nickname – said in Jakarta on Thursday (25/5/2023).

During the MRT meeting, a number of topics were discussed, namely APEC’s support to the multilateral trading system, intra-regional capacity building, facilitation of trade in goods and services, inter-regional connectivity, digitalisation, sustainability and inclusiveness of trade, innovation in the trade sector.

In addition to the MRT meeting, Trade Minister Zulkifli Hasan is to hold bilateral meetings with a number of APEC member economies. Topics to be discussed include increasing business relations to implementing business cooperation.

APEC in brief

APEC is a cooperative forum for 21 economies around the Pacific Ocean. The main activities of APEC include trade cooperation, investment and other economic cooperation to encourage growth and increase prosperity in the Asia-Pacific region.

APEC member economies include United States, Australia, Brunei Darussalam, Chile, Philippines, Hong Kong, Indonesia, Japan, Canada, South Korea, Malaysia, Mexico , Peru, Papua New Guinea, China, Russia, New Zealand and Singapore. , Taiwan, Thailand and Vietnamese. APEC cooperation is apolitical and all decisions taken are based on the consensus of its members and are not binding.

(acr)