Nov 14, 2009 21:47 JST
Source: APEC
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APEC CEO Summit: Strong Call for Balanced Approach to Rebuild the Global Economy
SINGAPORE, Nov 14, 2009 - (ACN Newswire) - Business leaders here advocated an enlightened and sustainable approach to lead the world out of the crisis, through striking a balance between free enterprise and regulation, as the APEC CEO Summit came to a close today.
Leaders of the 14 APEC economies speaking at the event pledged support for free and fair trade, anti-protectionism and continued co-operation among the APEC economies. They gave firm commitments to keep trade flowing and to continue with liberalisation efforts.
Speeches from these Leaders provided insights into the priorities of each economy to achieve sustainable and long-term growth, working hand-in-hand with global business. This year's CEO Summit saw noteworthy appearances from 14 Leaders of APEC's largest economies including Australia, Chile, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Russia, Singapore, Thailand, and Vietnam. The administration of United States President Barack Obama also announced its commitment to engage and be involved through the Trans-Pacific Partnership.
Ms Chong Siak Ching, Chair of the CEO Summit Organising Committee, said, "It is clear that collaborative efforts to find new solutions must not cease. This crisis has shown that global business and government must work together to find a balance to build sustainable growth models responsibly. With the support of strong government, making our businesses socially and ecologically responsible is the only way to build for the future."
Strong networking opportunities
In one of the most interactive CEO Summits ever, more than half of the global business leaders in attendance supported the view that while the worst of the global crisis may be over, there remains a risk of a downturn in the near future. These views were revealed through several polls conducted during the conference. The results of the polls also reiterated China's contribution and impact to the recovery of the world's economy with the predominant view that it should open up more to international competition.
Commenting on the additional efforts to create new channels for interaction, Ms Chong added, "We are privileged to host an audience of senior C-suite participants which provided high quality networking opportunities this year. Everything we arranged was designed to create an environment where people can meet and perhaps forge new partnerships. I think we have achieved this."
About APEC CEO Summit 2009
The APEC CEO Summit is the premier business event for the Asia Pacific. It brings together the world's most brilliant minds in business and government to address the opportunities in the current economic landscape, identify the direction of future trends and assess areas of collaboration.
Given the global economic challenges faced this year by APEC economies and the world, the APEC CEO Summit 2009 has chosen the theme: "Rebuilding the Global Economy: Crisis and Opportunity". To be held for the first time in Singapore, the event provides the perfect platform for top CEOs in the Asia Pacific region to hear from APEC Leaders and international thought and business leaders ways to address the present economic crisis and fashion a stronger post-crisis financial and economic architecture. For more information, visit http://ceosummit.apec2009.sg.
About APEC Business Advisory Council (ABAC)
The APEC Business Advisory Council, or ABAC, was created by the APEC Economic Leaders in November 1995 with the aim of providing advice to the APEC Economic Leaders on ways to achieve the Bogor Goals and other specific business sector priorities, and to provide the business perspective on specific areas of cooperation. ABAC provides an annual report to APEC Economic Leaders containing recommendations to improve the business and investment environment in the Asia-Pacific region, and outlining business views about priority regional issues. ABAC is also the only non-governmental organization that is on the official agenda of the APEC Economic Leader's Meeting.
Each economy nominates up to three members from the private sector to ABAC. These business leaders represent a wide range of industry sectors. Singapore's interests are represented by Mr Teng Theng Dar, CEO of Singapore Business Federation, Ms Chong Siak Ching, President and CEO of Ascendas Pte Ltd and Mr Tang Kin Fei, Group President and CEO of Sembcorp Industries Ltd.
The ABAC International Secretariat is based in Manila, Philippines. The Singapore Business Federation as the APEX business chamber in Singapore is the appointed national secretariat for ABAC Singapore.
Contact:Cheryl Wen / Andrew Wong
ICON International Communications
Tel: +65 6220 2623
Email: cwen@iconinternational.com.sg / awong@iconinternational.com.sg
Source: APEC
Sectors: Trade Shows, Daily Finance, Daily News
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network. |
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