President Moon Attends APEC Virtual Summit... Future Vision Expected to Be Adopted

Attending Video Summit at Cheongwadae, an Opportunity to Strengthen Global Cooperation for Overcoming COVID-19

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in attended the Asia-Pacific Economic Cooperation (APEC) virtual summit on the 20th.

President Moon began the 2020 APEC virtual summit schedule at 9 p.m. at the Blue House. Due to the issue of the novel coronavirus infection (COVID-19), the meeting was held with major country leaders participating via video conference.

[Image source=Yonhap News]

This year’s chair country, Malaysia, set the summit theme as ‘Optimizing Human Potential for a Resilient Future of Shared Prosperity.’ The leaders are expected to discuss COVID-19 response measures and adopt APEC’s ‘Future Vision.’

Through his remarks, President Moon plans to share South Korea’s COVID-19 quarantine experience and introduce the country’s contributions to the international community, including humanitarian aid and efforts to develop treatments and vaccines.

The Blue House expects this summit to be an important opportunity for APEC, the world’s largest regional cooperation body, to strengthen global cooperation in overcoming COVID-19. As of last year, APEC accounts for 61.5% of the world’s GDP and 50.4% of total trade volume.

President Moon will explain that South Korea has shared its K-quarantine experience, technology, and know-how with the international community, continuously cooperating with international organizations such as the WHO, and providing over 100 million dollars in humanitarian aid including diagnostic devices and masks. He plans to emphasize his commitment to continuing contributions to the international community to end COVID-19.

The Blue House hopes to convey South Korea’s position supporting the free trade order and multilateral trade system, and expects this to serve as an opportunity to accelerate discussions on maintaining global supply chains within APEC.

Park Bok-young, economic advisor to the Blue House, said, “President Moon aims to accelerate discussions on facilitating the movement of essential personnel, which we proposed, to gain support from member countries and create an opportunity to ease the movement of businesspeople within the APEC region. We expect this to lay the foundation for developing our policy experience of the Korean New Deal into Asia-Pacific regional discussions.”

This content was produced with the assistance of AI translation services.