Wen “Overcoming the Corona Crisis, Supply Chain Stability Depends on Free Trade”


President Moon Jae-in on the 12th emphasized the need to restore fair trade order in the Asia-Pacific region, saying, “The rapid overcoming of the corona crisis and the stability of the global supply chain depend on free trade based on multilateralism and reciprocal cooperation.”

In a speech at the 28th Asia-Pacific Economic Cooperation (APEC) video summit, which was attended by video conferencing system in the video conference room of the Blue House on the afternoon of the same day, President Moon said, “The Asia-Pacific region is a path to coexistence and prosperity through free trade and investment. has been opened,” he said.

The APEC Summit is a regional-based multilateral conference where 21 leaders from the Pacific Rim gather to discuss issues in the Asia-Pacific region. This year, under the theme of ‘Recovery from COVID-19 for the prosperity of all of us and future generations’, the leaders in attendance discussed solutions.

The summit was attended by the heads of 21 APEC member states, including President Moon, Prime Minister Jacinda Ardern of the chair country, New Zealand Prime Minister Jacinda Ardern, US President Joe Biden, Chinese President Xi Jinping, and Japanese Prime Minister Fumio Kishida. President Moon delivered his ninth speech in alphabetical order. President Moon emphasized the expansion of regional cooperation for inclusive recovery and prosperity. Three proposals were made: equitable distribution of vaccines, restoration of fair trade order, and APEC’s leading role in carbon neutrality and response to the climate crisis.

President Moon said, “Active cooperation is needed to restore normal life together. Separately from COVAX, we have provided vaccines to some countries, and we will expand additional support.”

He continued, “We are also working hard on multilateral cooperation in health and medical care.” “We have provided diagnostic kits and other quarantine items worth $180 million to more than 120 countries free of charge, and we are expanding ODA (official development assistance) in the health and medical field.” he introduced

He also said, “If the exchange of manpower and the movement of goods become smooth, it will be possible to promote a better recovery of daily life. said.

“We must become a stronger economic community by restoring an open and fair trade order,” Moon said. The Asia-Pacific region has paved the way for coexistence and prosperity through free trade and investment, he said.

“We propose to open the digital economy era together by actively utilizing the opportunities of digital trade,” he said. .

President Moon said, “APEC has been leading the digital transformation by launching the ‘Digital Innovation Fund’ in 2019. I look forward to moving forward.”

“Our cooperation should also be inclusive,” Moon said. Although the global economy is showing signs of recovery, there are countries and classes that have been hit more by the corona virus,” he said.

He continued, “Korea is promoting the ‘Human New Deal’ as an axis of the ‘Korean New Deal’. We are strengthening the employment safety net and social safety net, expanding investment in people in the digital and green fields, and striving for an inclusive recovery. We will work for it,” he said.

President Moon also said, “APEC must play a leading role in responding to the climate crisis and achieving carbon neutrality.” policy efforts were introduced.

He added, “We plan to create a $5 million fund for the Global Green Growth Research Center and double the amount donated to the Green Climate Fund. We will increase Green New Deal ODA and continue to cooperate through P4G public-private partnerships.”

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