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COVID, economy and Vision 2040 take center stage at APEC summit: FM

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And APEC (leaders) this year accepted APEC Putrajaya Vision 2040 to pursue the vision of Bogor 1994 goals.

Jakarta (ANTARA) – Indonesian Foreign Minister Retno Marsudi revealed that APEC leaders discussed two main agendas at the 2020 APEC summit, hosted virtually by Malaysia on Friday evening.

At the meeting, APEC leaders discussed two main agendas, the first being cooperation in dealing with COVID-19 and economic recovery efforts in the region, as well as discussing the vision of the ‘Post-2020 APEC called APEC Putrajaya Vision 2040, “she said.

The minister made the remarks during a virtual press conference at the Bogor Presidential Palace in West Java after attending the APEC 2020 summit with President Joko Widodo. They joined the summit by video conference from Bogor Palace.

For Indonesia, this year’s APEC summit was very important because it was held amid the COVID-19 pandemic and global economic recession, Marsudi said.

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The meeting also took place against the backdrop of growing rivalry between major countries, she observed. In fact, this year APEC failed to produce an outcome document, she added, adding that 2020 is also the deadline for the Bogor 1994 targets.

“And APEC (leaders) accepted this year the APEC Putrajaya Vision 2040 to pursue the vision of the Bogor 1994 goals,” she revealed.

The Bogor Goals were unveiled at the Bogor Presidential Palace in 1994 to guide APEC cooperation through 2020.

The Bogor goals laid a solid foundation for APEC’s cooperation in terms of transparency and recognition of the different treatment for developed and developing economies, Marsudi noted.

The APEC Economic Leaders Meeting was chaired by the Prime Minister of Malaysia in his capacity as host of APEC 2020. APEC Leaders from 21 economies attended the meeting. (INE)

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