Pandemic is a test of APEC's relevance, says Brunei's sultan The Scoop


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Submit 3995 Views BANDAR SERI BEGAWAN – APEC needs to restore market confidence to promote early economic recovery from the COVID-19 pandemic, Brunei’s monarch said on Friday. Speaking via video link at the APEC leaders’ summit, His Majesty Sultan Haji Hassanal Bolkiah said the grouping needs to revitalise trade and investment as the world continues to grapple with COVID-19. Global economic growth has shrunk 4.4 percent year-on-year due to the crisis. APEC must advocate for a pro-business climate by pursuing structural reforms, strengthening trade facilitation and economic integration, the sultan said during the meeting hosted virtually by Malaysia. He also...