The APEC-Asia-Pacific Economic Cooperation Ministerial Meeting began online, and Minister of Economy, Trade and Industry Hagita emphasized the importance of strengthening regional cooperation to recover from the severe economic situation caused by the new coronavirus.
APEC is a two-day ministerial meeting on the theme of "economic recovery from the new Corona" in the framework of economic cooperation in which 21 countries and regions in the Asia-Pacific region participate. Hagita Minister of Economy, Trade and Industry participated.
Among them, Minister Hagita said that a free and fair economic order is required for economic recovery, and he hinders fair competition with excessive subsidies to companies and unilaterally restricts imports and exports. He emphasized the importance of strengthening regional cooperation by proceeding with corrections to measures that intimidate other countries and regions.
On top of that, regarding the supply chain = supply chain, which has exposed its fragility, such as the spread of the new corona infection and the stagnation of parts supply from Southeast Asia, Minister Hagiuda said, "Strengthening the supply chain in the Asia-Pacific region is an essential issue for economic growth. I want to strengthen regional ties. "
The APEC Ministerial Meeting will be held until the 9th, and a ministerial statement is expected to be finalized.