Yudhoyono highlights needs of APEC multilateral trade system

Yudhoyono highlights needs of APEC multilateral trade system

President Susilo Bambang Yudhoyono. (ANTARA/Rosa Panggabean)

The multilateral trade system could become an important source of sustainable economic growth and stability."
Nusa Dua, Bali (ANTARA News) - President Susilo Bambang Yudhoyono underlined the need for the Asia Pacific Economic Cooperation (APEC) forum to reach an agreement on establishing a multilateral trade system that is not discriminatory but is transparent and open.

"The multilateral trade system could become an important source of sustainable economic growth and stability," he said while opening the APEC Summit here on Monday.

In light on his remarks, the main agenda of the APEC Summit 2013 was to promote the establishment of a growing multilateral trade system with a special focus on achieving the target of a free and open market by 2020.

President Yudhoyono also highlighted the differences in pace in economic development across the Asia-Pacific region.

"We believe all APEC countries must benefit from the APEC process, and therefore, it is important for us to achieve just and sustainable economic growth," he stated.

President Yudhoyono also underlined the need to achieve the Bogor Target by 2020 based on the principles of justice.

On the occasion, he further emphasized the need for connectivity within the region.

"We need to develop better connectivity. With connectivity, we can give our people more opportunities to benefit from economic growth, so they will have a larger income, better skills, and increased mobility," he explained.

(Reporting by M. Arif Iskandar/H-YH/INE/KR-BSR/B003)

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