The 2nd Structural Reform Ministerial Meeting concluded on Tuesday, and endorsed a statement detailing actions to promote economic growth through structural reform.
The statement outlines the thematic framework that sets the direction toward removing barriers to, and identifying new sources of, growth, promoting innovation, raising productivity, narrowing development gaps, and steering the world economy towards a path of greater shared prosperity consistent with the APEC 2015 theme, “Building Inclusive Economies, Building a Better World.”
Read the Second Structural Reform Ministerial Meeting statement here.
The statement endorses a work program that embodies the Renewed APEC Agenda for Structural Reform 2016-2020, which strives to stimulate balanced and sustainable growth and reduced inequality.
The structural reform initiatives are set around the agenda of inclusive growth, innovation, services and tools enabling structural reform.
The Ministers also recognized the contribution of an APEC initiative, Ease of Doing Business, in addressing impediments to trade and commerce and endorsed a new plan to continue the work through to 2018.
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