GOLDEN
GATE DECLARATION - INTERNATIONAL
News:
APEC summit | APEC
leaders conclude 30th meeting with Golden Gate Declaration
What's
in the news?
●
The latest edition of the Asia-Pacific Economic Cooperation (APEC)
Economic Leaders' Meeting has concluded in San Francisco with the Golden
Gate Declaration, in which the leaders underscored their commitment to
"Creating a Resilient and Sustainable Future for All.”
Golden
Gate Declaration:
●
Adopted at the 30th APEC Economic
Leaders’ Meeting held in San
Francisco, USA.
●
This declaration builds upon previous APEC
work and focuses on key areas such
as resilience, sustainability, interconnection, innovation, and inclusion.
Objective:
●
The declaration underscores the
commitment to “Creating a resilient and
sustainable future for all”.
Commitments
under the Declaration:
1. San
Francisco Principles:
●
These principles focus on integrating
inclusivity and sustainability into trade and investment policy.
●
They are part of a broader commitment made
in the Golden Gate declaration.
2.
Multidisciplinary investment environment:
●
In the Golden gate declaration document
the leaders have reaffirmed their determination to deliver a free, open,
fair, non-discriminatory, transparent, inclusive and predictable trade and
investment environment.
3. Commitment
to WTO Reform and trade:
●
The leaders reaffirm the importance
of the rules-based multilateral trading system, with the World Trade
Organization (WTO) at its core, which continues to catalyze region’s
extraordinary growth. The declaration seeks to reform WTO by 2024.
4. Free
Trade Area of the Asia-Pacific:
●
They will support further economic
integration in the region in a manner that is market-driven including work
on free trade in the region.
5. Strengthening
supply chain:
●
They reaffirm their commitment to keep
markets open and address supply chain disruptions by building secure,
effective, resilient, sustainable and open supply chains.
6.
Renewable energy capacity building:
●
They will pursue and encourage efforts
to triple renewable energy capacity globally by 2030.
7. Food
Security Roadmap:
●
They commit to fully implement the Food
Security Roadmap Towards 2030 as a pathway to make our agri-food systems
more resilient, productive, innovative and sustainable.
8. MSME
Expansion:
●
They will extend their support MSMEs to expand
into regional and global markets, including by integrating into global
value chains, through collaboration with large enterprises, and through
the use of digital tools and technologies.
9. Digital
Transformation and Ecosystem:
●
They reaffirm their commitment
to create an enabling, inclusive, open, fair and non-discriminatory
digital ecosystem for businesses and consumers.