Agreement on long-term action plan for Asia-Pacific region
13 November 2021
The 21 APEC Leaders have today agreed on a detailed plan to help build the peace, prosperity, well-being and resilience of its 2.7 billion people, now and into the future.
The Aotearoa Plan of Action brings to life the APEC Putrajaya Vision 2040 that APEC Leaders adopted last year. You could think of the Putrajaya Vision as the destination and the Aotearoa Plan of Action as the canoe – or in the indigenous language of New Zealand, the waka – to get us there.
This is a bold new approach for APEC. Established 32 years ago to promote cooperation in trade and investment, the group is now broadening its focus into new areas.
Over 2021, APEC economies have worked together and agreed to cooperate on digital technology and innovation, environmental sustainability, including climate change, and inclusion, particularly of women and indigenous peoples.
The plan sets out clear individual actions for economies to work on through their domestic policy. One example is for economies to develop tools to help businesses operate across borders easily and cost effectively.
There are also larger, collective actions, where economies will work together. Two examples are for APEC to consider climate change when making all decisions, and to recommit economies to double their renewable energy use by 2030.
It has measurable elements so progress can be monitored and tracked. And it’s flexible to make sure that APEC stays relevant and responsive. The world is changing fast and APEC will need to keep pace and adapt as new challenges emerge over the next 20 years.
To read the Aotearoa Plan of Action in full, visit: http://aotearoaplanofaction.apec.org/
The back story
APEC Leaders adopted the Putrajaya Vision in 2020, while Malaysia hosted the year’s APEC meetings – Putrajaya is a city in Malaysia. Guiding APEC’s agenda for the next 20 years, the Putrajaya Vision outlined a vision of an open, dynamic, resilient and peaceful Asia-Pacific community, for the prosperity of all its people and future generations.
The action plan endorsed today expands on the three drivers of economic growth that were identified in the Putrajaya Vision: trade and investment, innovation and digitisation, and sustainable and inclusive growth.
The Putrajaya Vision and Aotearoa Plan of Action replace the Bogor Goals and Osaka Action Agenda, which guided APEC’s work up to 2020.