Bangkok, The Asia-Pacific Economic Cooperation (APEC) Forum Week was opened in the Thai capital of Bangkok today.

From 14 November and through 19 November 2022, the Queen Sirikit National Convention Center is to host meetings of senior APEC officials, ministerial meetings, plenary sessions, exhibitions and a number of other events related to the forum.

It will end with a meeting of APEC Economic Leaders’ meeting on 18 and 19 November, which will be attended by representatives of 21 economies.

The opening ceremony of the series of events will be chaired by Thai Prime Minister Prayut Chan-o-cha.

The authorities of the kingdom intend to present the biocircular green economy model developed and adopted as a national strategy for sustainable development in the post-COVID period.

The initiative focuses on economic growth based on efficient use of resources, reduction of waste and reduction of carbon emissions. It combines socio-economic tasks that all countries are solving and the goals of environmental protection, combating climate change, the green transition and the development of renewable energy sources.

APEC consists of 19 countries and 2 territories. In particular, these are 12 founders: Australia, Brunei, Indonesia, Canada, Malaysia, New Zealand, Singapore, USA, Thailand, Philippines, South Korea and Japan. Other participants include China (entered in 1991), Mexico and Papua New Guinea (1993), Chile (1994), Russia, Vietnam and Peru (1998). In 1991, two Chinese territories joined APEC: Hong Kong and Taiwan.

Thailand has taken over the chairmanship of the organization from New Zealand and will hand it over to the United States.

Source: Oman News Agency