Government Urges AI-Driven APEC Integration
A proposal has been put forward that the adoption of artificial intelligence (AI) technology and stronger sharing of supply chain information are needed to accelerate economic integration in the Asia-Pacific region. Park Jung-sung, Minister for Trade of the Ministry of Trade, Industry and Energy, at
The Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting focused on the adoption of artificial intelligence (AI) technology and enhanced sharing of supply chain information to accelerate economic integration. Park Jung-sung, the Minister for Trade of the Ministry of Trade, Industry and Energy, presented solutions for regional economic development during the meeting held via video conference.
Park emphasized the expansion and deepening of free trade agreements as the first step towards economic integration. The proposal also included the use of an open plurilateral cooperation model, which would encourage participating economies to lower trade barriers and create market-opening effects. The government plans to collaborate with APEC member economies to promote trade through technological innovation, particularly AI, to improve customs clearance procedures, reduce administrative costs, and ease burdens on businesses.
Additionally, the government plans to strengthen investment environments and establish a cooperative system to address global supply chain instabilities, aiming to enhance resilience and prepare for crises. The Ministry of Trade, Industry and Energy intends to produce concrete outcomes at the upcoming APEC Economic Leaders Meeting.
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