November 12, 2021

Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains, tackling labour issues and continuing to respond to the Covid-19 pandemic.

In a joint statement after a virtual meeting hosted by New Zealand, the leaders of the 21-member grouping also pledged to work together to address climate and environmental challenges.

“With the COVID-19 crisis far from over, we are determined to use all available macroeconomic tools to address the adverse consequences of COVID-19 and sustain economic recovery, while preserving long-term fiscal sustainability,” the leaders said in their joint statement.

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