The APEC Putrajaya Vision 2040, adopted by Leaders in 2020, set out a new mission statement for APEC for the next 20 years. The region’s vision is for “an open, dynamic, resilient and peaceful Asia-Pacific community by 2040, for the prosperity of all our people and future generations”. The Putrajaya Vision 2040 will be achieved through three economic drivers: trade and investment; innovation and digitalisation; and strong, balanced, secure, sustainable and inclusive growth.
In 2021, the 21 APEC member economies developed the Aotearoa Plan of Action, a plan for implementing the Putrajaya Vision 2040. In implementing the Putrajaya Vision 2040, economies will build on APEC’s founding documents, including the 1994 Bogor Goals and the 1995 Osaka Action Agenda.
The Aotearoa Plan of Action sets out individual and collective actions towards achieving our Vision, along with how we will evaluate our progress. Economies will review and adapt the Aotearoa Plan of Action over time to ensure it remains comprehensive, balanced and relevant across all elements of the Putrajaya Vision. It is intended to be a living document. The Aotearoa Plan of Action does not preclude other APEC work to implement the APEC Putrajaya Vision 2040.
Objectives: “To ensure that the Asia-Pacific remains the world’s most dynamic and interconnected regional economy, we acknowledge the importance of, and will continue to work together to deliver, a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment. We reaffirm our support for agreed upon rules of the WTO in delivering a well-functioning multilateral trading system and promoting the stability and predictability of international trade flows. We will further advance the Bogor Goals and economic integration in the region in a manner that is market-driven, including through the work on the Free Trade Area of the Asia-Pacific (FTAAP) agenda which contributes to high standard and comprehensive regional undertakings. We will promote seamless connectivity, resilient supply chains and responsible business conduct.”
Explore the actions for this driver
Objectives: “To empower all our people and businesses to participate and grow in an interconnected global economy, we will foster an enabling environment that is, among others, market-driven and supported by digital economy and innovation. We will pursue structural reforms and sound economic policies to promote innovation as well as improve productivity and dynamism. We will strengthen digital infrastructure, accelerate digital transformation, narrow the digital divide, as well as cooperate on facilitating the flow of data and strengthening consumer and business trust in digital transactions.”
Objectives: “To ensure that the Asia-Pacific region is resilient to shocks, crises, pandemics and other emergencies, we will foster quality growth that brings palpable benefits and greater health and wellbeing to all, including MSMEs, women and others with untapped economic potential. We will intensify inclusive human resource development as well as economic and technical cooperation to better equip our people with the skills and knowledge for the future. We will promote economic policies, cooperation and growth which support global efforts to comprehensively address all environmental challenges, including climate change, extreme weather and natural disasters, for a sustainable planet.”
Objective: “To maintain APEC’s unique position as the premier forum for regional economic cooperation as well as a modern, efficient and effective incubator of ideas, we will embrace continuous improvement of APEC as an institution through good governance and stakeholder engagements.”