International Economic Relations Undersecretary Rodrigo Yáñez participated in the first virtual Asia-Pacific Economic Cooperation (APEC) meeting of Ministers Responsible for Trade, hosted by Malaysia.
At the meeting, the Trade Ministers from the 21 economies issued a joint statement that lists initiatives the member economies can undertake in response to the impact of the COVID-19 pandemic to expedite the economic rebound.
During the meeting, the Trade Ministers reiterated their commitment to facilitating the flow of essential goods and services, strengthening regional connectivity by making global supply chains more resilient, and minimizing disruptions to trade in medicines and medical supplies, food and agricultural products in order to combat the pandemic. This commitment was made through the Declaration on Facilitating the Movement of Essential Goods (see document), which they said was a clear signal of the region’s ongoing support for the work of the World Trade Organization.
“We had a very important meeting in which we recognized the importance of maintaining trade flows during the pandemic and made a commitment to work together to facilitate the flow of essential goods at this critical time. We also recognized our shared interest in ensuring that trade routes remain open, including those for air, land and sea freight, as well as our commitment to free, open, fair, non-discriminatory, transparent, predictable trade that is consistent with the rules,” stated Undersecretary Rodrigo Yáñez after participating in the meeting.