At the Former National Congress Building in Santiago
APEC Informal Senior Officials’ Meeting Held
Chile’s priorities for its year hosting APEC were presented during the sessions and were very well-received by the other economies.
Santiago, December 13, 2018. Around 150 delegates and Senior Officials of the 21 APEC member economies attended the APEC Informal Senior Officials Meeting (ISOM) today at the former National Congress Building in Santiago. The event marked the official launch of the over 200 meetings that will take place during APEC Chile 2019.
During the Opening Session, Vice Minister of Trade Rodrigo Yáñez noted that “hosting APEC will give us a great opportunity to promote the image of Chile, as well as a space in which to reaffirm our commitment to maintaining open markets and the free flow of goods, services and investments. This is an opportunity to work together to advance regional economic integration and the strengthening of the rules-based international trading system.”
The work began with a presentation by Papua New Guinea on the main results of its year hosting APEC in 2018, and the distribution of the document outlining the tasks/actions that will be developed during 2019 based on the guiding principles provided by the leaders and ministers at this year’s Leaders’ Week. The Senior Officials then exchanged general ideas about how to move forward with the APEC agenda in order to establish guidelines that contribute to achieving positive results in 2019.
During the afternoon, Chile presented its priorities so that it could receive comments from the members. As the APEC host economy for 2019, Chile set four priority areas in which it plans to achieve concrete deliverables this year: Digital Society; Integration 4.0; Women, SMEs, and Inclusive Growth; and Sustainable Growth.
“We are pleased because Chile’s four priorities were well-received, which means that APEC Chile 2019 promises to be a good year. The majority of the delegations welcomed Chile’s decision to highlight women’s importance in the international economy through the priority ‘Women, SMEs and Inclusive Growth.’ We also received positive comments about the other three priorities set by Chile, Digital Society, Integration 4.0 and Sustainable Growth, as these build on the work that the economies have been developing since previous meetings” remarked Chile’s SOM Chair, Mathias Francke.
APEC represents 60% of global GDP and 39% of the world's population. The APEC region grew by 4.1% in 2017, up from the 2016 figure of 3.4%. 58% of investment in Chile originates from the APEC region, and 69% of Chile's exports are shipped to APEC member economies.
APEC's 21 member economies are Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Philippines; the Russian Federation; Singapore; Chinese Taipei; Thailand; the United States of America; and Viet Nam.