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Japan encourages APEC Leaders to invest in quality infrastructure for post-pandemic growth

09:49 | 26/11/2021

(Construction) - The Asia Pacific Economic Cooperation Economic Leaders' Meeting was held online on November 12, and adopted a declaration, which included a commitment to work together to respond to COVID-19.

Japan encourages APEC Leaders to invest in quality infrastructure for post-pandemic growth.

Japanese Prime Minister Fumio Kishida delivered a speech and emphasized the three key elements for growth after the pandemic is resolved: trade and investment, innovation and digitalization, and inclusive and sustainable growth. In the area of trade and investment, he called for the implementation of quality infrastructure investment which Japan is focusing on.

The theme of this year's summit was "Join, Work, Grow Together," and the participants specifically discussed the recovery from the pandemic to ensure that all people living in the APEC region will prosper in the future. The meeting was chaired by New Zealand Prime Minister Jacinda Ardern.

In his speech, Prime Minister Kishida pointed out that "there is a movement in the world for companies and governments to make bold investments to protect the middle class, the core of democracy, and prepare for global crises such as climate change. He introduced Japan's concept of a virtuous cycle of growth and distribution and the development of the post-pandemic society as a way to realize a new capitalism.

As essential elements for growth after COVID-19, Prime Minister Kishida listed the spread and practice of high-quality infrastructure investment, comprehensive regional economic integration, and trade facilitation using digital technology. He also announced a new policy of providing up to $10 billion in additional financial support over five years to help Asia decarbonize. Japan announced earlier a total of 60 billion dollars investment in public and private support. (2021/11/16)

The Daily Engineering and Construction News of Japan

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