Ministry of Economic Development: The APEC summit statement will outline important decisions for the world

LIMA /Republic of Peru/, November 15. . The declaration of the APEC Summit in Peru will reflect many important decisions and trends of the whole world. Deputy Minister of Economic Development of Russia Dmitry Volvach told reporters about this.

“There is now a meeting of the leaders of APEC member countries and as a result tomorrow the final statement of the leaders will be adopted, it seems to me that there are really a lot of decisions and trends. important direction for the whole world. The most important thing is that these decisions and trends will actually be achieved. The leaders of 21 major economies on Earth would agree with them. And it seems to me that the importance of this foundation, this organization lies in our time. When there are really a lot of geopolitical and economic tensions, a lot of division, a lot of regionalization, that allows dialogue to take place in the language of integration processes,” he said.

The APEC summit declaration is expected to be adopted at the leaders' meeting on November 16.

Volvach noted that APEC countries comply with the general rules of global trade, the basis for which are the rules in force of the World Trade Organization. “At the same time, we think it is necessary to complete some good adjustments to first be able to meet modern challenges,” he added.

Deputy Minister of Economic Development continued: “Clearly this is e-commerce, an agreement on e-commerce, this is the number one task so this agreement will be signed between WTO member countries. in the near future”. “We also talked about this issue yesterday. There are many nuances in finalizing the formation of dispute resolution mechanisms. I think more and more countries are listening and agreeing with us.”