APEC meeting on Covid 19

APEC meeting on Covid 19

Question: Which country has chaired a special Asia-Pacific Economic Cooperation meeting on Covid 19?
(a) New Zealand
(b) Canada
(c) China
(d) USA
Answer: (a)
Related facts:

  • On 17 July 2021, New Zealand Prime Minister Jacinda Ardern has chaired a meeting of Leaders representing the 21 APEC economies on Covid 19.

Meeting highlights:

  • During the meeting world leaders highlighted role of extensive COVID-19 global immunization essential in order to overcome health emergency.
  • Leaders of APEC discussed on range of area including redoubling efforts to expand vaccine manufacturing and supply, analyzing individual domestic approaches to the ongoing management of COVID-19 and looking into fiscal and monetary tools available to sustain economies through the pandemic, with the importance of keeping markets open to one another .

APEC:

  • APEC is a forum comprising of 21 Asia-Pacific economies. It was founded by Australia in 1989.
  • APEC objective is to encourage growing & prosperous regional economy by – trade & investment liberalisation & facilitation across the border, reducing costs of cross-border trade, economic & technical cooperation, exchanging best practice on trade & investment etc.
  • The headquarters of APEC is in Singapore.

APEC Chairmanship 2021:

  • In 2021, New Zealand is hosting APEC (Asia-Pacific Economic Cooperation) virtually.
  • The country will host hundreds of APEC meetings from December 2020 until November 2021 in dozens of clusters, with many more unique sessions.

By-Amar Mani Upadhyay

Links:
https://www.apec2021nz.org/apec-nz-2021/apec-news/pm-ardern-chairs-apec-leaders-meeting-on-covid-19