Press Release

APEC economy officials gather in Port Moresby to discuss ways to advance structural reform to boost productivity and inclusive growth.

04/03/2018

APEC's Economic Committee will be participating in several meetings and workshops in Port Moresby that commenced on Thursday 1 March through to Tuesday 6 to share economy experiences.

Officials from APEC's Economic Committee will be participating in several meetings and workshops in Port Moresby that commenced on Thursday 1 March through to Tuesday 6 to share economy experiences and learn about leading practices on a range of structural reforms that can make our economies operate more efficiently, boosting productivity and inclusive growth.

A workshop involving competition policymakers and regulators from across the APEC region will explore how economies can establish effective regimes for handling proposed mergers and acquisitions between businesses within a market, supporting efforts to boost market transparency and competition.

A workshop on the use of modern technology to facilitate dispute resolution and electronic agreement management for businesses contracting across borders will explore how businesses, especially small businesses, can enter into contracts and resolve contractual disputes in a way that is low-cost and accessible.

Officials from APEC's Economic Committee will join officials from APEC's Human Resources Development Working Group to discuss how our economies can adopt structural reforms to boost human capital development, drawing from the recommendations of a key APEC report developed in 2017.

The series of events will culminate in a two-day Economic Committee Plenary where officials will discuss ways to progress the Renewed APEC Action on Structural Reform, a key APEC commitment that supports the implementation of key economic reforms, as well advancing APEC's Ease of Doing Business agenda and preparations for a major conference on good regulatory practices in the digital age. Officials will also share experiences and leading practices on ways to make government more open and transparent, and to adopt digital technology to support the delivery of government services.

This week-long program of activities will form the first of two gatherings of this important APEC group in 2018, with the second series of Economic Committee activities to take place in August.