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APEC leaders’ declaration approved as Thai PM hails the summit as a success

13 Sept 04:52 Key points summarised by AI

APEC leaders approved a declaration endorsing Thailand's "Bangkok Goals" for a bio-circular-green economy and committing to establish a free trade area across 21 economies.
Thai Prime Minister Prayut Chan-o-cha hailed the summit as a collective success, emphasizing it was the first face-to-face meeting for leaders in four years, fostering vital dialogue.
The declaration incorporates Thailand's BCG economy concept, promoting inclusive, sustainable, and environmentally friendly development, while also pushing for the creation of a Free Trade Area of the Asia-Pacific (FTAAP).
The summit provided a crucial platform for leaders to exchange views with special guests, the private sector (APEC Business Advisory Council), and youth representatives.
Thailand concluded its chairmanship by symbolically handing over to the US, signifying the next phase of APEC leadership and continued regional cooperation.

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).