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His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam emphasised the significance in serving to micro, small and medium enterprises (MSMEs) to be “future prepared” throughout his titah on the Second Retreat Session of the 2022 Asia-Pacific Financial Cooperation (APEC) Financial Leaders’ Assembly (AELM 2022) in Bangkok yesterday.
His Majesty stated this may be performed by widening their data base to be extra climate-resilient and formulating a coherent and predictable coverage atmosphere to draw traders and entrepreneurs.
The monarch additionally known as for aiding MSMEs in integrating them into the regional provide chains and equipping them with digital abilities.
The Second Retreat Session of the AELM 2022, themed ‘Sustainable Commerce and Funding’ passed off on the Queen Sirikit Nationwide Conference Centre.
Accompanying His Majesty to the session was His Royal Highness Prince ‘Abdul Mateen.
Through the session, His Majesty and different APEC leaders mentioned points on cooperation and exchanged views on regional and worldwide problems with frequent concern, and listened to a presentation by the Managing Director of the Worldwide Financial Fund relating to the World Financial Outlook.
His Majesty in his titah acknowledged the constructive outcomes of the twelfth World Commerce Group (WTO) Ministerial Convention that mirrored its members’ dedication to make sure that world commerce stays unimpeded.
His Majesty known as for APEC to proceed upholding the spirit of multilateralism and in partaking all stakeholders to make sure its function as an incubator will proceed to contribute to the momentum of WTO’s ongoing work and confused the significance in accelerating restoration, strengthening commerce and funding in a holistic and coordinated method within the post-pandemic period, particularly for MSMEs.
His Majesty additionally expressed help to the USA because it prepares to take over the APEC chairmanship for the 12 months 2023, with the theme ‘Making a Resilient and Sustainable Future for All.’
On the AELM, the APEC financial leaders launched the APEC Financial Leaders’ Declaration which highlighted APEC’s work throughout Thailand’s chairmanship in 2022.
This contains efforts on advancing the free commerce space of the Asia-Pacific, protected passage, ladies’s financial empowerment and sustainability via the ‘Bio-Round-Inexperienced (BCG) Financial system’ mannequin; and the Bangkok Objectives on BCG Financial system which seeks to affirm APEC leaders’ dedication to proceed advancing its sustainability targets in a daring, responsive, and complete method.
APEC is likely one of the platforms that promotes dialogues, change of views and greatest practices on initiatives and insurance policies that contributes to a extra conductive financial local weather. As an incubator of concepts, APEC additionally builds on financial and technical cooperation in addition to capacity-building programmes.
Brunei Darussalam’s membership in APEC and participation in these coverage dialogues and capacity-building engagements can contribute in direction of reaching Brunei Imaginative and prescient 2035.
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