During his visit to San Francisco for the APEC summit on November 15 (local time, Wednesday), President Yoon Suk-yeol outlined a cooperative direction to enhance mutual connectivity within APEC. President’s keynote speech at the APEC CEO Summit focused on three key areas: 1. trade, investment, and supply chains, 2. digital, and 3. future generations. President Yoon emphasized Korea's commitment to contributing to APEC as a global hub.
Firstly, the President commended APEC for reducing intra-regional trade barriers and strengthening member countries' capacities. He argued for expanding APEC's role as a guardian of the multilateral trading system. President proposed prioritizing their enhancement as APEC's top task, emphasizing the importance of resilient supply chains. This includes suggesting the establishment of an early warning system within APEC to share member countries' experiences for supply chain resilience.
Furthermore, President Yoon highlighted the importance of achieving connectivity and immediacy in the era of deepening digitalization. Stressing the need for seamless data flow across borders and the elimination of digital disparities between nations, he underscored the necessity of new norms and orders suitable measures for the digital age. He emphasized APEC's significant role, given its diverse socio-cultural and geographical characteristics. President Yoon mentioned Korea's active participation in international discussions on establishing digital norms based on the Digital Bill of Rights announced in September.
Lastly, the President highlighted the importance of active exchange among the young generation for discovering innovative ideas and creating new business opportunities. He proposed discussing the 'Youth Scientist Exchange Initiative' at the APEC level, allowing young people in the Asia-Pacific region with degrees in science and technology, engaged in research and development, to freely move and exchange experiences within APEC.
The APEC CEO Summit, a business forum held as a side event of the APEC summit, was organized by the National Center for APEC, managing the APEC Business Advisory Council (ABAC) Secretariat for the host country, the United States, this year. The summit, themed "Sustainability, Inclusivity, Resilience, Innovation," attracted around 1,200 participants, including business leaders and scholars from APEC member economies.