The Asia Pacific Economic Cooperation (APEC) and the Group of Twenty (G20) are sharing common goals of stable global economic growth and quality and inclusive growth, said Indonesian Vice President Jusuf Kalla.
At the APEC CEO Summit 2015 in Makati City on Wednesday, Kalla said strengthening of synergy of policies in both fora would support the recovery and stability of the global economy as well as ensuring the growth to trickle down.
Indonesia is member of both APEC and G20.
G20 concluded its 2015 Summit in Antalya, Turkey on Monday and was attended by other APEC member economies including Indonesia, Australia, Canada, China, Japan, Mexico, Russia, South Korea, and the United States.
The APEC Economic Leaders’ Meeting (AELM), on the other hand, started on Wednesday.
“The G20 Meeting highlights important priorities: global recovery and strengthening potentials, enhancing alliance and reinforcing sustainability. These priorities are very much in line with the theme of APEC this year which focuses on growth and inclusiveness,” Kalla said.
“APEC and G20 share the same goals: maintain regional and global stability (and) promotion of equality and inclusiveness which means no one will be left behind in the development process,” the Indonesian Vice President stressed.
As Kalla attends the two-day AELM for Indonesia President Joko Widodo, he said Indonesia expects for greater cooperation among APEC member economies to achieve the forum’s targets of free and open trade and investments.
Kalla noted that these targets of free and open trade and investments or known as the ‘Bogor Goals’ were declared by APEC Leaders in Bogor, Indonesia in 1994.
“Collaboration among nation is key for the global economy to make a turn around,” he said.
He added that for the part of Indonesia, the government had opened its economy and developed a more conducive and fair business environment for all players — local or foreign.
“Indonesia continues to open its economy to all businessmen and foreign investors including for APEC economies to participate in the development in Asia. In return, we hope that our colleagues from other countries will do the same,” the Indonesia Vice President pointed out.