Making a Resilient and Sustainable Future for All
1. We, the Financial Leaders of APEC, met in San Francisco, California, on November 16-17, 2023. Three a long time after the USA hosted the primary APEC Financial Leaders’ Assembly on Blake Island close to Seattle in 1993, it’s clear our regular dedication to APEC’s mission has helped our area turn into a vanguard of worldwide progress. Right here in San Francisco, we emphasised that efficient insurance policies require, above all, responsiveness to all our folks and economies. This dedication has grounded our imaginative and prescient and sensible work in San Francisco and all through the U.S. host 12 months conferences in Honolulu, Palm Springs, Detroit, and Seattle.
2. Right this moment we face a special and dynamic set of financial challenges. We should harness technological and financial progress to proceed to unleash the big potential and large dynamism throughout our area, spur financial progress, in addition to to deal with all environmental challenges, together with local weather change. The commitments discovered inside this Golden Gate Declaration construct upon the work of earlier APEC hosts and transfer our area in direction of new methods of bringing resiliency, sustainability, interconnection, innovation and inclusion straight into our priorities and dealing collectively to reply to our most urgent financial challenges. Our APEC mission and our sensible work stay guided by our dedication, as specified by the Putrajaya Imaginative and prescient 2040 and the Aotearoa Plan of Motion, to an open, dynamic, resilient, and peaceable Asia-Pacific group by 2040, for the prosperity of all our folks and future generations. In focusing that imaginative and prescient and work this 12 months on the U.S. theme of “Making a Resilient and Sustainable Future for All,” we have now acknowledged each new challenges that confront us and modern methods to reply to these challenges.
3. The U.S. host 12 months builds on APEC’s Bangkok Objectives on the Bio-Round-Inexperienced Economic system, which established the aim of progressing sustainable and inclusive financial insurance policies whereas guaranteeing additionally they deal with environmental challenges. We welcome the San Francisco Rules on Integrating Inclusivity and Sustainability into Commerce and Funding Coverage (Annex) in addition to the ministerial-level deliberations of the 2023 sectoral ministerial conferences for Transportation, Commerce, Catastrophe Administration, Meals Safety, Well being and the Economic system, Power, Ladies and the Economic system, Small and Medium Enterprises, and Finance, together with the Non-Binding Simply Power Transition Rules for APEC Cooperation; Rules for Reaching Meals Safety By means of Sustainable Agri-Meals Techniques within the APEC Area. We additionally welcome the up to date Catastrophe Danger Discount Framework and Motion Plan.
4. We reaffirm our dedication to ship a free, open, truthful, non-discriminatory, clear, inclusive, and predictable commerce and funding surroundings. We additionally reaffirm the significance of the rules-based multilateral buying and selling system, with the World Commerce Group (WTO) at its core, which continues to catalyze our area’s extraordinary progress. We’re dedicated to obligatory reform of the WTO to enhance all of its capabilities, together with conducting discussions with a view to having a totally and well-functioning dispute settlement system accessible to all members by 2024. We name upon APEC economies to work in direction of the well timed and efficient implementation of WTO agreements and reaffirm our dedication to interact constructively to make sure MC13 is a hit and delivers constructive outcomes.
5. We underscore our dedication to advance financial integration within the area in a way that’s market-driven, together with by way of the work on the Free Commerce Space of the Asia-Pacific agenda. To this finish, we’ll improve our capability constructing and technical cooperation efforts in help of economies’ readiness to take part in top quality and complete regional undertakings. We are going to additional strengthen our engagement with stakeholders, together with the APEC Enterprise Advisory Council (ABAC) and enhance public-private sector dialogues.
6. We are going to proceed to work to make sure a stage enjoying discipline to foster a positive commerce and funding surroundings. We reiterate our dedication to speed up work in response to the APEC Companies Competitiveness Roadmap (ASCR) Mid-Time period Evaluation, with the intention to completely implement the ASCR by 2025. We additionally reaffirm our dedication to maintain markets open and deal with provide chain disruptions, together with by working to help our companies in constructing safe, efficient, resilient, sustainable, and open provide chains that create a predictable, aggressive, and digitally interconnected Asia-Pacific area. By recognizing the distinctive wants and pursuits of all stakeholders, we will work in direction of extra inclusive and sustainable insurance policies that guarantee our commerce and funding equitably advantages all our folks and economies. We stay dedicated to implementing the APEC Connectivity Blueprint (2015-2025) by strengthening bodily, institutional and people-to-people connectivity. We are going to intensify efforts to advertise regional, sub-regional and distant space connectivity. On this regard, we reaffirm the significance of high quality infrastructure improvement and funding.
7. The world continues to confront profound challenges posed by the impacts of local weather change. We acknowledge that extra intensive efforts are wanted for economies to speed up their clear, sustainable, simply, reasonably priced, and inclusive vitality transitions by way of numerous pathways, in step with world net-zero greenhouse gasoline emissions / carbon neutrality by or round mid-century, whereas bearing in mind the most recent scientific developments and totally different home circumstances. In doing so, we endeavor to unleash a brand new period of respectable jobs, funding, financial progress, and guarantee vitality, safety, resilience, and entry within the area. We recall our dedication to rationalize and part out inefficient fossil gas subsidies that encourage wasteful consumption, whereas recognizing the significance of offering these in want with important vitality companies. To succeed in this aim, we’ll proceed our efforts in an accelerated method.
8. We are going to pursue and encourage efforts to triple renewable vitality capability globally by way of present targets and insurance policies in addition to display related ambition with respect to different zero and low emissions applied sciences together with abatement and removing applied sciences consistent with home circumstances by 2030. To spur the transition to and funding in low and 0 emissions transportation within the area by way of numerous pathways, we’ll pursue efforts to speed up the transition in direction of low and 0 emissions autos; sustainable aviation fuels; and low and 0 emission maritime transport and port decarbonization.
9. We commit to completely implement the Meals Safety Roadmap In the direction of 2030 as a pathway to make our agri-food techniques extra resilient, productive, modern, and sustainable, whereas recognizing there may be “no-one-size-fits-all” strategy to agricultural sustainability. We additionally reaffirm our dedication to work in direction of the sustainable useful resource administration of agriculture, forestry and marine assets and fisheries, together with combatting unlawful, unreported and unregulated fishing, and emphasize the connection between open, undistorted agri-food techniques, local weather change, and meals safety and diet. We reaffirm the significance of agricultural productiveness, worldwide commerce, and prevention and discount of meals loss and waste, in reaching meals safety, and can enhance our efforts to making sure meals safety and diet.
10. We stay dedicated to enhancing the standard of life for all our folks, and to making a resilient and sustainable future for all. To take action we’ll proceed to advance and help gender equality in addition to the financial inclusion and empowerment of MSMEs, the workforce, girls, youth, and different teams with untapped financial potential, reminiscent of Indigenous Peoples as applicable, individuals with disabilities, and people from distant and rural communities.
11. We emphasize the significance of making pathways for MSMEs and start-ups to develop, together with by way of alternatives to turn into extra aggressive, specialised, and modern. We are going to help MSMEs to increase into regional and world markets, together with by integrating into world worth chains, by way of collaboration with giant enterprises, and thru the usage of digital instruments and applied sciences. We encourage the event of easy-to-use and cost-effective merchandise and options that assist MSMEs speed up their digital transformation. We acknowledge the significance of entry to finance to facilitate progress. We reaffirm the significance of constructing an enabling surroundings for MSMEs, in addition to supporting the transition of financial actors from the casual to the formal financial system.
12. Right here in San Francisco, the place APEC first launched the Ladies and the Economic system Discussion board in 2011, we reaffirmed our dedication to advertise financial progress together with by fostering the complete and equal participation and management of girls within the financial system, together with by enhancing girls’s entry to capital and property, markets, expertise and capability constructing, voices and company, and innovation and know-how. We welcome continued efforts to speed up full implementation of the La Serena Roadmap for Ladies and Inclusive Progress to drive inclusive financial improvement. We decide to care insurance policies and investments in care infrastructure that deal with the unequal distribution in paid and unpaid care and home work, and furthering gender equality in world worth chains. We are going to help girls’s significant financial participation, significantly within the sustainable financial system, in addition to girls’s and women’ training, together with in STEM fields. We reiterate our dedication to actively encourage initiatives and methods to forestall and reply to gender-based violence and discrimination towards girls and women of various backgrounds.
13. We reaffirm our dedication to create an enabling, inclusive, open, truthful and non-discriminatory digital ecosystem for enterprise and customers. We welcome U.S. efforts to implement the APEC Web and Digital Economic system Roadmap (AIDER), which is able to foster an inclusive digital financial system for all. We encourage all economies to speed up efforts to implement AIDER, together with within the areas of knowledge privateness, cloud computing, telecommunications networks, selling interoperability, ICT safety, and digital commerce and e-commerce, rising applied sciences, and selling innovation and adoption of enabling applied sciences and companies. To unlock the complete potential of digital know-how, equitably share its advantages, and mitigate dangers, we’ll discover a concerted and collaborative coverage response, promote worldwide cooperation on digital know-how, and welcome a continued worldwide dialogue on governance for digital know-how. We additionally decide to bridging the digital divide, together with halving the gender digital divide by 2030, bearing in mind totally different home circumstances. We are going to strengthen digital infrastructure, facilitate entry to data and communication know-how items and companies, and be sure that nobody is left behind by equipping all folks with the mandatory expertise wanted to thrive within the digital financial system. We are going to speed up digital transformation and cooperate on facilitating the move of knowledge and strengthening enterprise and client belief in digital transactions, together with by way of cooperation on regulatory approaches relating to the web and digital financial system, in addition to client safety and information privateness within the digital surroundings. Moreover, we acknowledge APEC’s efforts in direction of a extra inclusive APEC Enterprise Journey Card as an enabling know-how that help environment friendly and seamless enterprise journey within the area, and APEC’s efforts to facilitate the restoration of journey and tourism following the pandemic.
14. Recognizing the detrimental affect of corruption on financial progress and improvement, we’re dedicated to taking sensible actions and a united strategy, to collectively battle cross-border corruption and deny secure haven to corruption offenders and their illicit property. We welcome the work this 12 months on this regard.
15. Our stakeholders and enterprise communities convey creativity, dynamism, and vitality and stay important companions in our work. We stay up for additional strengthening multi-stakeholder engagement, together with with ABAC and Pacific Financial Cooperation Council, in addition to by way of occasions such because the APEC CEO Summit, and Sustainable Future Discussion board.
16. This Golden Gate Declaration and our cooperation all through the U.S. host 12 months exemplify our shared dedication to strengthening APEC’s management and standing because the premiere discussion board for financial cooperation within the Asia-Pacific area. We stay up for the upcoming APEC host years of Peru (2024), the Republic of Korea (2025), and Viet Nam (2027), and we pledge our help to these economies as they advance APEC’s important work. We prolong our because of the folks and Metropolis of San Francisco and State of California for the nice and cozy welcome prolonged to us.
Annex:
- San Francisco Rules on Integrating Inclusivity and Sustainability into Commerce and Funding Coverage
See Additionally:
Accompanying Chair’s Statement
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