Market access

Indonesia calls on APEC to secure global market access for MSMEs

Therefore, the APEC Internet and Digital Economy Roadmap must be able to support the integration of MSMEs into the digital economy.

Jakarta (ANTARA) – The Indonesian government has urged the Asia-Pacific Economic Cooperation (APEC) forum to provide global market access to micro, small and medium enterprises (MSMEs) through integration into the digital economy.

The request was conveyed by Indonesia’s foreign minister and trade minister during the APEC Forum ministerial meeting, which was held virtually, for the first time, on November 16, 2020, according to a statement from Ministry of Foreign Affairs which was received here on Tuesday.

In his statement, Indonesian Foreign Minister Retno Marsudi said that some differences between several economies have disrupted APEC’s efforts over the past two years. It is time for APEC to put aside differences and restore global confidence, she noted.

This can be achieved through, among other things, the post-2020 APEC Vision, which will serve as a fundamental guide for APEC for the next 20 years, building on the goals of APEC Bogor 1994, which expire this year. , said Marsudi.

The Bogor Goals were a declaration adopted at the 1994 APEC summit in Bogor, which aimed to create a system of free trade and investment by 2010 for developed countries and, at the latest, to by 2020 for developing countries.

Marsudi stressed that with a strong vision, APEC can achieve strong, balanced, secure, sustainable and inclusive economic growth. In order to achieve these goals, the Indonesian Foreign Minister stressed two things.

First, APEC’s collaboration should benefit all APEC members, she said. This can be achieved by increasing connectivity, she advised. APEC should pursue and synergize various regional connectivity initiatives, put aside competition and focus on beneficial cooperation, she added.

Second, APEC’s collaboration must be felt by all economic members of APEC, she said.

Since MSMEs make up 97% of all companies and more than 50% of the collaborative workforce, the minister said, APEC should also focus its efforts on MSME’s access to the value chain. globalization and encouraging their participation in the digital economy.

“Therefore, the APEC Internet and Digital Economy Roadmap must be able to support the integration of MSMEs into the digital economy,” noted Marsudi.

APEC’s post-2020 vision aims to create an open, vibrant, resilient and peaceful Asia-Pacific community by 2040.

Trade and investment, digital technology and quality economic growth are the three main pillars of realizing APEC’s post-2020 vision, Marsudi said.

The post-2020 APEC vision is expected to be endorsed by APEC economic leaders at the 2020 APEC Summit, to be held online on November 20, 2020.

The APEC 2020 ministerial meeting culminated in the release of a joint statement on the outcomes of APEC’s work in 2020, including efforts to address the COVID-19 pandemic, the use of l digital economy and technology and political support for sustainable development 2030. Agenda. (INE)

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