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The Philippines previously hosted the APEC Economic Leaders’ Meeting nearly two decades ago - in 1996 in Subic Bay.
The leaders of APEC economies discussed the current regional agenda issues, in particular boosting quality economic growth, prosperity and connectivity.
Under the shadow cast by the terrorist attacks in Paris, Beirut, and against Russian aircraft over the Sinai the APEC leaders strongly condemned all acts, methods, and practices of terrorism in all their forms and manifestations and emphasized a need for increased international cooperation in the fight against it.
The summit concluded with the Declaration adoption which outlines new commitments for APEC members to take forward over the coming year to build inclusive economies; foster micro, small and medium enterprises’ participation in regional and global markets; build sustainable and resilient communities; invest in human capital development; and enhance the regional economic integration agenda.
In the Declaration the leaders also welcomed the increased collaboration with the private sector, particularly through the mechanism of the APEC Business Advisory Council (ABAC) to find solutions to the new challenges the APEC economies face.
Peru will chair the APEC in the next year of 2016, the future hosts of APEC from 2017 to 2022 will be Viet Nam, Papua New Guinea, Chile, Malaysia, New Zealand, and Thailand accordingly. The Republic of Korea is expected to host APEC in 2025.
Prime Minister of the Russian Federation Dmitry Medvedev attended the APEC summit. In his statement Dmitry Medvedev emphasized that Russia has been advocating deeper regional integration but all preferential trade agreements signed within the integration processes should not replace or damage but complement the multilateral trade system and the existing economic ties. Dmitry Medvedev emphasized Russia’s increasing contribution to the Asia-Pacific agenda. According to Dmitry Medvedev, Russia intends to contribute to the settlement of the most challenging regional issues, for example energy and food security.
Dmitry Medvedev held a number of bilateral meetings on the sidelines of the APEC summit, in particular with the President of the Republic of the Philippines Benigno Aquino III, Prime Minister of Thailand Prayut Chan-o-cha and President of the Socialist Republic of Vietnam Truong Tan Sang.
Annex A: APEC Strategy for Strengthening Quality Growth
Annex B: APEC Services Cooperation Framework
Annex to the APEC Strategy for Strengthening Quality Growth
Statement on Supporting the Multilateral Trading System and the 10th WTO Ministerial Conference
News conference by Dmitry Medvedev following the APEC Leaders’ Meeting
Press-release at the official web-site of the Government of the Russian Federation