APEC committed to regional growth

Asia-Pacific Economic Cooperation member's new growth vision will effectively advance regional trade and investment and will promote an open, dynamic and resilient regional community in the coming decades, officials and experts said on Friday.

The vision, APEC Vision 2040, announced during the 27th APEC Economic Leaders' Meeting via video link, is set to build on the success of the Bogor Goals and will chart long-term strategic direction for the region. It will replace the Bogor Goals and serve as the primary reference point for the region for the years to come.

As one of APEC's flagship initiatives, the Bogor Goals were announced in 1994 for members to move toward the long-term goal of free and open trade and investment in the Asia-Pacific no later than the year 2020.