© Reuters. FILE PHOTO: U.S. President Joe Biden, South Korea’s President Yoon Suk Yeol, Japan’s Prime Minister Fumio Kishida, Indonesian President Joko Widodo, Singapore Prime Minister Lee Hsien Loong, Vietnam President Vo Van Thuong and Philippines’ President Bongb
SAN FRANCISCO (Reuters) – The Asia Pacific Economic Cooperation members on Friday adopted new trade and investment principles that seek to boost environmental sustainability and social well-being after China dropped its objections to the U.S. proposal.
The so-called “San Francisco Principles on Integrating Inclusivity and Sustainability into Trade and Investment Policy” are aimed at considering “economic, social and environmental dimensions in a balanced way” in APEC members’ policies.
Here are some of the key elements of the principles, according to a statement issues at the close of the U.S.-hosted APEC leaders’ summit in San Francisco:
— Incorporating environmental sustainability and social inclusivity into the development and application of trade and investment policies to support “strong, balanced, secure and inclusive economic growth, positive environmental outcomes and social well-being of our peoples.
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