The event will feature the APEC Finance and Central Bank Deputies’ Meeting (FCBDM) and the 24th APEC Finance Ministers’ Meeting (FMM), the most significant meeting of APEC Finance Ministers during the year.Vu Nhu Thang, head of the International Relations Department under the Ministry of Finance, said that the delegates will discuss global and regional macro economy and finance, have a look at financial cooperation progress and update the implementation of Cebu Action Plan and many issues of interest.
The financial ministers will have a dialogue with the Business Advisory Council (ABAC) and leaders of large corporations and groups in the region. APEC finance and central bank deputies agreed four cooperation priorities in 2017, including long-term infrastructure investment, base erosion and profit shifting (BEPS), disaster risk financing and insurance, and inclusive finance.
Thang said that cooperation in these four fields will be reported to the finance ministers at the 24th APEC Finance Ministers’ Meeting (FMM) on October 21. The ministers will then issue a joint statement on regional financial cooperation and collaboration sectors in the year.
Established in 1989, APEC comprises 21 economies, including Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the US, and Vietnam.
