APEC SOM 1 continues its fifth working day with diverse activities

The first APEC Senior Officials' Meeting (SOM 1) continued in Nha Trang City on Wednesday with activities of seven committees, working groups, and forums of APEC.

The Committee on Trade and Investment held a seminar on trade promotion to help with sustainable and inclusive growth through rural development and poverty reduction.

The APEC Electronic Commerce Steering Group began the first meeting within the framework of the Data Privacy Sub-Group. Group members debated the application of the Cross Border Privacy Rules System, updated the use of the system, and shared the feedback of businesses using this system.

The Competition Policy and Law Group held a workshop on economics in competition policy, focusing on the role of economic evidence in settling competition-relevant cases, the role of the market, the power of the market, the issue of monopoly, and the enterprise merge policy.

The Human Resource Development Working Group (HRDWG) concluded its 1st plenary meeting of 2017 and agreed to boost cooperation to contribute to the sustainable and inclusive growth of APEC economies.

The Counter Terrorism Working Group also finished the first plenary meeting, where the APEC members discussed anti-terrorism measures they have conducted within other multilateral forums and mechanisms.

The Life Science Innovation Forum reviewed cooperation outcomes in 2016 and discussed the commercialization of biomedical technology and the use of big data in medical research.

Source: VOV5