Cooperation can help disaster-stricken countries recover: PRRD
President Rodrigo R. Duterte stated Friday that the economic recovery of countries affected by the coronavirus illness 2019 (Covid-19) can only be achieved if global collaboration is “closer.”
Duterte pushed for closer international cooperation during his virtual participation in the 28th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting to hasten the Asia-Pacific region’s economic recovery from the pandemic.
According to the Office of the President (OP), he made the call while blaming “weak domestic systems or pre-pandemic economic fault lines,” as well as “structural and artificial constraints in the global economy,” for the “uneven” recovery of coronavirus-affected countries.
“To resolve these limits and ensure that all countries recover from this crisis, closer international collaboration is required,” Duterte remarked, as quoted by the OP.
“Improved risk management systems, better response and mitigation measures, and greater support mechanisms for vulnerable populations,” he told APEC leaders.
“To achieve these goals, the President has called for the establishment of an integrated system for vaccine passport validation and contact tracing, as well as the institutionalization of social protection for non-traditional forms of employment, and the promotion of transnational education and digital inclusion in APEC economies,” Malacanang said.
Taking action to combat climate change
Meanwhile, Duterte reiterated his call for developed countries to fulfill their commitments to climate finance, technology transfer, and capacity-building in developing economies, stating that “it is the right thing to do” to mitigate climate change’s effects.
Duterte reaffirmed his call, pointing out the difficulties that developing countries like the Philippines confront in transitioning to a green economy.
“Developing economies like the Philippines contribute the least to climate change, yet we are the most vulnerable to its negative impacts.” Furthermore, the expense of switching to a green economy is prohibitively expensive for developing countries. He stated, “This is a simple truth.”
“Join, Work, Grow” is the theme of this year’s APEC Economic Leaders’ Meeting, which will be hosted by New Zealand. Together. Haumi, Hui, and Tiki.”
Trade Secretary Ramon Lopez, Socioeconomic Planning Secretary Karl Kendrick Chua, Foreign Affairs Undersecretary Lourdes Yparraguirre, Presidential Assistant on Foreign Affairs Robert Borje, Foreign Affairs Assistant Secretary Eric Gerardo Tamayo, and Trade Assistant Secretary Allan Gepty were among those who joined the President during the virtual meeting.
The APEC Economic Leaders also endorsed the Aotearoa Plan of Action, which is the Putrajaya Vision 2040 implementation plan.
Trade and investment, innovation and digitalization, and strong, balanced, secure, sustainable, and inclusive growth are all highlighted in the action plan.
Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States, and Vietnam are among the APEC’s 21 member economies.