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Intellasia East Asia News – Vice Minister Miti Leads Malaysian Delegation To Apec US Trade Meeting

Vice Minister of Investment, Trade and Industry Liew Chin Tong will lead the Malaysian delegation at the 29th Apec Ministers Responsible for Trade (MRT) Meeting on May 25-26, 2023 in Detroit, United States (USA). USA).

Liew will share Malaysia’s efforts to complement regional demands to strengthen trade while ensuring socio-economic sustainability and inclusiveness, and will exchange views with Apec trade ministers on ways to further enhance trade and investment for improve regional economic integration, said the Ministry of Investment, Trade. , and Industry (Miti) in a statement today.

“As part of Apec’s ongoing commitment to the private sector, Liew will also participate in the Small and Medium Enterprise (SME) Stakeholder Luncheon themed ‘Connecting SMEs to the Global Economy,’” said Miti.

In addition, Apec trade ministers, along with representatives of Apec’s Business Advisory Council, will discuss ways to strengthen the inclusion of SMEs in the global economy, it added.

The meeting would be the first ministerial meeting hosted by the US as host of Apec 2023, and US Trade Representative Ambassador Katherine C. Tai will chair the 29th MRT meeting which is expected to all Apec trade ministers attend.

As part of the MRT tradition, the director general of the World Trade Organization (WTO), official observers from Apec, the Pacific Economic Cooperation Council and the Association of Southeast Asian Nations will also be present to share their position and opinion on current world trade. affairs.

For Apec 2023, the US chose the theme “Creating a Resilient and Sustainable Future for All”, supported by three top priorities, namely interconnected, innovative and inclusive.

Guided by the theme and key priorities, Apec trade ministers will deliberate on issues related to inclusion and economic prosperity for the benefit of the region, including proposed WTO reforms to build resilience to current and future global challenges. .

“According to Putrajaya Vision 2040, Apec trade ministers are also expected to address concerns about building regional supply chain resilience, combating climate change and economic inequality,” MITI said.

Category: Malaysia

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