Aotearoa Plan of Action

Objective:

“We will pursue structural reforms and sound economic policies to promote innovation as well as improve productivity and dynamism.”

Macro-economic policies:

Evaluation of progress: Growth in the region is based on a stable, sustainable and resilient macro-economic environment for all.

Individual Actions: Economies will seek continued improvement in the resilience and sustainability of their macro-economic policies, particularly fiscal and monetary policies.

Collective Actions: Economies will:

Promote macro-economic policies, including sound fiscal and monetary policies that are calibrated to combat the negative macro-economic impact of global pandemics such as COVID-19, support recovery, and contribute to future growth through:

sharing information and best practice;
promoting good regulatory practices and regulatory cooperation; and
building capacity to support implementation of commitments, including through the Cebu Action Plan;

Improve fiscal sustainability and transparency to support long-term resilient development and future financing needs; and
Collaborate across relevant APEC fora on such issues related to macro-economic policies, including services and the digital economy.

Structural reform

Evaluation of progress: The region sustains positive productivity growth, fostered by continuous growth in innovation.

Individual Actions: Economies will focus their reform efforts on those areas of the economy that have the greatest potential to drive increases in productivity and innovation.

Collective Actions: Economies will:

Advance future APEC initiatives on structural reform under the four pillars of the Enhanced APEC Agenda for Structural Reform (EAASR), including through:

sharing information and best practice;
promoting good regulatory practices and regulatory cooperation; and
building capacity to support implementation of EAASR commitments; and

Collaborate across relevant APEC fora on issues related to structural reform, including services and the digital economy.

Objective:

“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.”

Evaluation of progress: APEC’s digital and innovation environment is market-driven and increasingly connected globally, including through the promotion of interoperability, allowing all APEC people and businesses to achieve increased participation in, and benefit from, innovation and the digital economy.

Individual Actions: Economies will strengthen efforts to foster an enabling environment, including by promoting regulatory and non-regulatory approaches that are coherent, interoperable, non-discriminatory, and that foster competition as well as promote innovation.

Collective Actions: Economies will:

Identify ways to support resilience and recovery by utilising science, technology and innovation systems, including through capacity building;
Adopt new and emerging technologies to stimulate growth, connectivity and digital transformation;
Share best practice, and promote approaches for a digital economy that fosters competition and promotes innovation;
Address challenges and barriers to achieving an enabling, inclusive, open, fair and non-discriminatory digital and innovation environment;
Collaborate to develop an innovative digital business environment, including through frameworks and understandings on best practice that encourage the development, application, uptake and management of new technologies;
Deepen APEC’s multi-stakeholder engagement and collaboration on digital issues, especially with business;
Promote measures, interoperable approaches, and the use of digital technologies to facilitate trade and investment;
Promote ecosystems that support MSMEs, including those in the creative industry, to take advantage of the digital economy; and
Support the identification and integration of new and emerging sustainable transportation and mobility technologies and services.

Objective:

“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.”

Evaluation of progress: The region improves digital connectivity among economies, businesses and people including by enhancing trust and security in the use of ICTs, accessibility and affordability of digital infrastructure in the region, broadening participation in the digital economy, and cooperating on facilitating the flow of data and strengthening consumer and business trust in digital transactions.

Individual Actions: Economies will strengthen their digital infrastructure, accelerate digital transformation, narrow the digital divide, work on facilitating the flow of data, and strengthen consumer and business trust in digital transactions.

Collective Actions: Economies will:

Accelerate APEC work and capacity building on the digital economy, including by prompt and effective implementation of APEC’s Internet and Digital Economy Roadmap;
Cooperate on measures to address the digital divide, including facilitating access to digital infrastructure and supporting development of digital skills and digital literacy;
Cooperate to accelerate digital transformation, including by supporting the digitalisation of industries such as services, manufacturing and agriculture;
Promote e-commerce / digital trade, including by supporting the development and implementation of international and regional norms and standards for the digital economy, compatibility of standards, regulations and systems, and supporting discussion and sharing best practice on rules and regulations in e-commerce / digital trade;
Cooperate on facilitating the flow of data and strengthening consumer and business trust in digital transactions;
Cooperate on the provision of consumer protection in the digital environment;
Promote cost-effective mechanisms that support cross-border business-to-business engagement, including through electronic transactions and dispute resolution including under the APEC Collaborative Framework for Online Dispute Resolution of Cross Border Business-to-Business Disputes; and
Stimulate practical application of digital technologies for inclusive and sustainable growth in such areas as trade, finance, public services and healthcare.

Innovation and Digitalisation

“We will pursue structural reforms and sound economic policies to promote innovation as well as improve productivity and dynamism.”

Macro-economic policies:

Structural reform

“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 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.”

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