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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 on Thursday attended the APEC Financial Leaders’ Casual Dialogue and Working Lunch with Visitor Economies; and the Second Indo-Pacific Financial Framework for Prosperity (IPEF) Leaders’ Assembly held on the Moscone Heart, San Francisco, United States of America.
Accompanying His Majesty was His Royal Highness Prince ‘Abdul Mateen.
Session I started with opening remarks from Joseph Biden, President of america because the APEC Chairman for 2023. Discussions have been targeted on sustainability, local weather and simply power transitions.
His Majesty in a titah through the session mirrored on the primary APEC Leaders’ Assembly which was held on Blake Island thirty years in the past, in 1993, and the dedication made to attain stability, safety and prosperity for the folks within the Asia-Pacific area.
Towards the backdrop of worldwide uncertainties and challenges, His Majesty emphasised that this shared imaginative and prescient stays central to APEC’s work and the way related that is in an more and more interconnected world the place escalating geopolitical conflicts, extra lately within the Center East, are disrupting efforts to attain financial prosperity and stability.
On this regard, His Majesty highlighted the participation of APEC Economies in numerous multilateral frameworks equivalent to ASEAN, G20, Pacific Islands Discussion board, and the Pacific Alliance, that are all grounded in selling cooperation and advancing an inclusive, resilient, peaceable, and sustainable future for these economies and areas.
As such, His Majesty mentioned that APEC ought to proceed strengthening partnerships with frameworks that share comparable visions and targets and pursue cooperation in addressing challenges equivalent to local weather change.
Bearing on the issues associated to excessive climate occasions and their hostile impacts on folks’s lives, surroundings, and the economic system, His Majesty urged the necessity to handle this international menace by adopting extra sustainable practices and investing in climate-resilient applied sciences.
On this context, america’ theme, “Making a Resilient and Sustainable Future for All” is related, the monarch mentioned. His Majesty additional highlighted that APEC’s collective efforts to implement the “Bangkok Objectives on Bio-Round Inexperienced Financial system” are essential in attaining long-term financial development.
As such, His Majesty welcomed collaboration via regional local weather establishments such because the ASEAN Centre for Local weather Change in Brunei Darussalam which might contribute to the event of consultants and the enhancement of capability in addressing climate-related points within the area.
Following Session I, the Second Indo-Pacific Financial Framework for Prosperity (IPEF) Leaders’ Assembly started with a speech by the President of america.
The Assembly gives a possibility to mark the numerous progress made because the launching of IPEF in Might 2022 in Tokyo, Japan. The Leaders took observe of the signing of the first-of-its-kind settlement on the Provide Chain Settlement and considerably concluded the negotiations on the Clear Financial system Settlement and Honest Financial system Settlement in San Francisco, California, United States.
Acknowledging the significance of additional strengthening crucial minerals of provide chains within the Indo-Pacific area and enhancing financial competitiveness, the IPEF Leaders have launched the IPEF Essential Minerals Dialogue to foster nearer collaboration among the many companions.
As well as, IPEF companions will proceed to deepen shared pursuits in addressing crucial financial points and advance financial integration via the institution of a Ministerial-level IPEF Council.
Within the night, His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam attended the APEC Financial Leaders’ Dinner held at Legion of Honor, San Francisco, United States of America.
His Majesty was greeted on arrival by the President of america and First Girl Jill Biden.
The Dinner was held to rejoice APEC Financial Leaders in addition to delegations attending the Asia-Pacific Financial Leaders’ Assembly (AELM).
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