Parliamentary Secretary Steven Ciobo MP is attending the APEC Structural Reform Ministerial Meeting in the Philippines.
“This meeting is an important opportunity to discuss the economic challenges facing the global economy and our region,” Mr Ciobo said.
APEC is leading the way in promoting new private sector-led sources of growth, driven by better market access for services, a freer investment climate and structural reforms to enhance economic prosperity. This is critical to supporting jobs and growth in Australia.
Mr Ciobo will lead a panel discussion with senior business leaders on structural reform and services. “Addressing barriers to services trade and investment will create new opportunities for Australian businesses, especially in areas such as banking, insurance, professional services, telecommunications and education,” Mr Ciobo said.
Mr Ciobo will also use this visit to take forward the Government’s agenda to encourage structural reforms in our region.
“Over the past five years, Australia has supported APEC economies to implement competition policy reforms, improve regulatory practices, encourage private financing of infrastructure, and better matching of skills training with industry needs”, Mr Ciobo said.
APEC is the premier economic forum in the Asia-Pacific. Its 21 member economies account for over 70 per cent of Australia’s trade in goods and services.
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