Trade facilitation, key to APEC development (05/06)
06/08/2010 - 80 Lượt xem
Trade among the Asian Pacific Economic Cooperation (APEC) economies is significant and growing, therefore, trade facilitation is one of the fundamental pillars of APEC's work for its development, said a Hong Kong senior official, at the APEC Trade Facilitation Symposium 2007.
Addressing the opening ceremony in Hong Kong, China, on June 4, Hong Kong’s Secretary for Commerce, Industry and Technology, Joseph W P Wong said that trade facilitation means reducing costs to business operating in and between markets.
Trade among APEC economies is consistently growing, he said, adding that intra-APEC merchandise trade has more than doubled since 1994, from 1.4 trillion USD to over 3 trillion USD today.
During the two days symposium, participants will discuss three themes, namely “Helping SMEs in doing business”, “Ease of doing business”, and “Movement of Goods”.
The purpose of the symposium is to provide a forum for dialogue between the public and private sectors, with a view to better matching trade facilitation measures with the needs of business.
Representatives from Viet Nam’s Trade Ministry also attend the symposium and will make speech on the second day of the event.
Source: Vietnam News
