The 2020 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting was held under the Chairmanship of Malaysian Prime Minister Tan Sri Muhyiddin Yassin. This was the first time that all 21 APEC Economic Leaders met virtually due to the ongoing COVID-19 pandemic. The APEC 2020 ended with the adoption of the APEC Putrajaya Vision 2040 and the 2020 Kuala Lumpur Declaration. The APEC Summit 2021 will be hosted by New Zealand. This is the second time Malaysia hosted an APEC meeting, having hosted one in 1998.
The theme of the APEC Malaysia 2020 was “Optimising Human Potential Towards a Resilient Future of Shared Prosperity: Pivot. Prioritise. Progress”.
About Putrajaya Vision 2040:
The Putrajaya Vision 2040 is a new 20-year growth vision, which will replace the existing Bogor Goals, which was agreed by leaders in 1994 for free and open trade and investment in APEC.
Important takeaways for all competitive exams:
- APEC headquarters: Singapore.
- APEC Founded: November 1989.
- Malaysia Capital: Kuala Lumpur.
- Malaysia Currency: Malaysian Ringgit.