APEC Economic Leaders' Meeting

Media release
19 Nov 2022
Prime Minister

Prime Minister Anthony Albanese joined counterparts from across the Asia-Pacific in Bangkok, Thailand for the APEC Economic Leaders’ Meeting from 17-19 November. 

During the Economic Leaders’ Meeting, the Prime Minister joined others to condemn Russia’s illegal invasion of Ukraine and the resulting economic impacts on our region. 

The Prime Minister welcomed the meeting’s endorsement of the Bangkok Goals on the Bio-Circular Green Economy, which will drive action to develop quality infrastructure, financing and investment to support the region’s clean energy transition. 

He emphasised the importance of a rules-based, free and open trade and investment environment that will support economic recovery and the strengthening of supply chains. He welcomed the meeting’s commitment to inclusive growth, including through the economic empowerment of women and First Nations people.

With other Economic Leaders, the Prime Minister highlighted the importance of digital confidence in realising the full benefits of the digital economy and committed to work together across the region to strengthen business and consumer trust in digital transactions.

Prime Minister Albanese had an audience with Their Majesties the King and Queen of Thailand, and met with Prime Minister Prayut of Thailand and President Marcos of the Philippines. 

Quotes attributable to Prime Minister, Anthony Albanese:

“I congratulate Prime Minister Prayut for Thailand’s success in delivering on it ambitious priorities as Chair during a challenging year.”

“APEC’s member economies comprise around three quarters of Australia’s trade. The forum provides us with a seat at the table to shape our region’s economic future.”  

“A focus of my participation at the Summit was reiterating Australia’s commitment to sustainable growth, trade and investment – and sharing our perspectives on trade liberalisation.”

“I look forward to working closely with President Biden as the US assumes its position as APEC Chair for 2023.”