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- Minister Nishimura Attends APEC Ministerial Meeting
Minister Nishimura Attends APEC Ministerial Meeting
November 18, 2022
Mr. Nishimura Yasutoshi, Minister of Economy, Trade and Industry, visited Bangkok, Thailand, where he attended the APEC Ministerial Meeting on November 17.
Minister Nishimura also met with H.E. Mr. Jurin Laksanawisit, Thailand's Deputy Prime Minister and Minister of Commerce, and other representatives of each economy, with whom he exchanged views on cooperation toward the success of the meeting and bilateral economic relations.
1. APEC Ministerial Meeting
The APEC Ministerial Meeting was held in Bangkok under the chairmanship of this year's co-Chairs, H.E. Mr. Jurin Laksanawisit, Thailand's Deputy Prime Minister and Minister of Commerce, and H.E. Mr. Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs. Minister Nishimura participated from METI (Mr. Hayashi Yoshimasa, Minister for Foreign Affairs, participated from MOFA).
At the meeting, there were energetic discussions focused on themes such as support for multilateral trade systems and post-COVID-19 trade and sustainable growth, and there was support for the Bangkok Goals for achieving the BCG Economy Model for enabling sustainable economic growth.
The main remarks made by Minister Nishimura were as follows:
- Russia's aggression against Ukraine has produced an energy security crisis, including soaring energy prices. He strongly condemned it as absolutely unacceptable.
- He stressed that it is essential to build a free and fair economic order in the Asia-Pacific region, and that action must be progressively taken to rectify market-distorting measures and economic coercion.
- He recognized the need for the WTO to be reformed in preparation for MC13.
- He called on the importance of supply chain resilience, the use of digital technology, and the DFFT philosophy based on the use of the initiative, all of which form an important industrial foundation for sustainable growth.
- He expressed concern over the soaring energy prices and stated the need to achieve carbon neutrality through realistic energy transitions in the APEC region while ensuring a stable supply of energy.
2. Bilateral meetings during the APEC Ministerial Meeting
Minister Nishimura met with H.E. Mr. Jurin Laksanawisit, Thailand's Deputy Prime Minister and Minister of Commerce, and other representatives of each economy, with whom he exchanged views on bilateral economic relations and cooperating toward making the meeting a success.
(1) Meeting with H.E. Mr. Jurin Laksanawisit, Thailand's Deputy Prime Minister and Minister of Commerce
Minister Nishimura held a meeting with the APEC chair, H.E. Mr. Jurin Laksanawisit, Thailand's Deputy Prime Minister and Minister of Commerce. The Minister said he would cooperate to make APEC successful, and the two sides discussed strengthening cooperation in areas such as the formulation of the ASEAN-Japan Business Co-Creation Vision toward the 50th anniversary of friendship and cooperation between Japan and ASEAN next year, trade issues, and other topics.