APEC - Asia-Pacific Economic Cooperation (via Public) / A St

05/12/2021 | Press release | Distributed by Public on 05/11/2021 22:49
A Strong, Relevant and Credible WTO is Needed to Build Back Better from COVID, Say Asia-Pacific Business Leaders
Asia-Pacific business leaders, meeting virtually this week in the APEC Business Advisory Council (ABAC), have released a Statement in support of the WTO.
'The WTO is the foundation of decades of prosperity for our region and the world,' said Rachel Taulelei, Chair of ABAC. 'We need it now more than ever - but we also need to strengthen and update the WTO rulebook and operations to keep it relevant.'
Ms Taulelei said that ABAC was urging APEC economies to lead this work - just as APEC had played a pivotal role in concluding the WTO Uruguay Round 25 years ago.

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