APEC: Compromise Key to Growth, Resilience

International: Trade and sectoral officials from the 21 APEC member economies are convening in Port Moresby in a bid to ease friction over trade in favor of policies that support shared inclusive growth objectives.

The proceedings will feed a key policy meeting of APEC Senior Officials on 19-20 August, helping to determine the scope for potential breakthroughs when Ministers and Leaders meet in Port Moresby over the ensuring weeks.

“Obviously, economies have to deal with their specific interests and we can understand that,” explained Ambassador Ivan Pomaleu, 2018 Chair of APEC Senior Officials. “At the same time, it matters most to be able to get decision-makers to recognize that the growth and resilience of the region depends on certain compromises taking place.”

“It’s still important for us to recognize there are diverging points of view but to also look at what APEC can do to bring views together and to address issues that can drive growth and trade and investment in the region,” Ambassador Pomaleu added. “APEC as a body continues to hold itself out as the champion of bringing those discussions into focus.”

Issues in the spotlight will include tariff and non-tariff barriers, and ways to build resiliency within vulnerable sectors—including during a Mining Ministers’ meeting on 23 August. Attention will also center on enhancing the technical underpinnings of next generation trade agreements and growth such as services regulation, digital infrastructure and data privacy regimes.


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