What hosting the APEC Summit means to Thailand

[webfact]

 

This week, Thailand will get its moment under the sun when it hosts one of the major diplomatic events of the year — the APEC leaders’ summit — from Monday to Friday.

 

Being held under the theme “Open. Connect. Balance.”, the event takes place at a vulnerable period in global affairs, marked by geo-political conflict and economic challenges.

 

Created in 1989, the Asia Pacific Economic Cooperation is a regional forum aimed at advancing economic integration on a voluntary basis. This principle is different from other free trade agreements, which require reciprocal cuts in tariff rates.

 

APEC now has 21 economies as members encompassing developed and emerging markets, namely: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, United States of America, and Vietnam. 

 

https://www.thaipbsworld.com/what-hosting-the-apec-summit-means-to-thailand/

 

-- © Copyright Thai PBS 2022-11-15

 

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The grouping covers about 2.9 billion, or 38 percent of world population, with a combined gross domestic product (GDP) of US$52 trillion in 2020, accounting for 62 percent of world GDP and combined trade accounting for 48 percent of global trade in 2020, according to apec.org.

[bamnutsak]

[engamann]

Absulot nothing , outside Thailand and some few of the other countrys nobody have any ide what this APEC is or never herd about it.

[sscc]

  "  APEC now has 21 economies as members encompassing developed and emerging markets ......." 

APEC is important. 

 

Unfortunately for Thailand,  APEC Bangkok 2022 is the Last of three global events in the same region within One Week.     So it is likely to get the much less attention than anticipated. 

BTW, ASEAN 2022 in Cambodia completed just days ago did well with many non-member  guests.   

Indonesia is now playing host to G20 2022 in Bali.

 

 

 

 

 

 

[sscc]

4 hours ago, engamann said:

Absulot nothing , outside Thailand and some few of the other countrys nobody have any ide what this APEC is or never herd about it.

 

So Why don't suggest to Biden Administration to cancel hosting  "Absulot nothing"  APEC 2023 USA ? 

[samtam]

What hosting the APEC Summit means to Thailand:

 

Traffic disruptions, traffic jams.

[Purdey]

Still don't understand what it means for Thailand in particular. Trade continues. Will any country be able to make a new trade deal that they couldn't through other means?

Surprising that China and Taiwan are here together considering their tensions.

[poskat]

to thais, it lets their fantasy that their country matters continue

 

to the rest of the world, they think the meeting is being held in taiwan

[PETERTHEEATER]

And still our Burmese and Cambodian brothers are out in the cold.......

[bangon04]

6 minutes ago, PETERTHEEATER said:

And still our Burmese and Cambodian brothers are out in the cold.......

not really - the CCP is putting some belts, roads,  and a nice warm blanket around them to make them feel wanted .

[engamann]

5 hours ago, sscc said:

 

So Why don't suggest to Biden Administration to cancel hosting  "Absulot nothing"  APEC 2023 USA ? 

Ask 1 mill inn US about APEC and probably 999.999 will have no ide what it is , that's how big this is.

[hotchilli]

What it means to Thailand.. photo op's for the boys.