The so-called "San Francisco Principles on Integrating Inclusivity and Sustainability into Trade and Investment Policy" are aimed at considering "economic, social and environmental dimensions in a balanced way" in APEC members' policies.
-- Strengthening data collection and research on trade and investment policies to monitor economic, environmental and social impacts.
But the final language in the San Francisco Principles accounts for differences among the 21 diverse APEC economies that include China, the U.S. and Brunei.
"Measures should consider economic, social and environmental dimensions in a balanced way, in line with economies' circumstances, and should not exacerbate inequalities."
Reporting by David Lawder; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons:
Joe Biden, Yoon Suk, Fumio Kishida, Joko Widodo, Lee Hsien Loong, Vo Van, Bongbong Marcos, David Lawder, Chizu
Organizations:
South, Japan's, FRANCISCO, Asia, Economic Cooperation, Trade, Investment, APEC, San Francisco, Thomson
Locations:
Singapore, Vietnam, Vo Van Thuong, Philippines, China, U.S, Francisco, San Francisco, Brunei