Apec Summit ends on a successful note | The Nation

A productive and highly successful APEC Summit 2022 ended in Bangkok today, with the leaders endorsing the importance of a Bio-Circular-Green economic model, sustainability and also recognising the challenges facing the world, in particular the Russia-Ukraine war and climate change. Thailand also handed over the baton to the next APEC host, the United States

Here we are on the last day of the APEC Summit Thailand 2022, which discussed the meeting’s theme of “Open. Connect and Balance.” Thailand, as the host country, has shown its potential and capabilities to drive the world forward, pushing its agenda of the Bio-Circular- Green economy model. The host country has been successful in issuing 48 joint statements of the APEC ministerial levels meetings and two leaders’ declarations. Thailand also handed over the baton to next year's host, the USA.

The 29th APEC meeting in Bangkok had special significance as it was the first meeting of APEC leaders in person after the Covid-19 pandemic.
This year, under the APEC theme “Open. Connect. Balance.”, Thailand pushed three priorities: to be open to all opportunities, be connected in all dimensions, and balanced in all aspects, to advance long-term robust, innovative and inclusive economic growth as well as sustainability objectives in the Asia-Pacific region.

This morning, Apec 2022 wrapped up with Prime Minister Prayut Chan-o-cha symbolically handing the Apec “chalom” over to US Vice President Kamala Harris, who represented President Biden, as the next Apec host.

The handover ceremony took place at around noon, with Prayut saying the chalom – the traditional Thai basket and this year’s Apec logo – represented strength, flexibility and consistency. He said he hoped the US would uphold Apec’s aims and visions when it hosts the next summit.

The Prime Minister said: “We hope the BCG [bio-circular-green] economic model will also be one of the main factors that bring economies together.” He hoped that the US and other economies would work together to help the Asia-Pacific region prosper, adding the world is undergoing significant changes and that environment and sustainability are crucial.

During the APEC Summit, the Managing Director of the International Monetary Fund (IMF) participated in the meeting to present the 2022 Global Economic Outlook. In addition, APEC Leaders engaged in dialogues with the APEC Business Advisory Council (ABAC) as well as special guests — the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia and the President of the French Republic — to exchange views with the private sector and APEC’s external partners.

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