The Cabinet acknowledged the results of the 1/2020 APEC Economic Committee Meeting and related meetings held from February 13-17, 2020, in Malaysia, which included:
1. Workshop on Innovative Regulatory Policy Development: APEC Economies’ Approaches on Sharing Economy, aimed at establishing guidelines for developing regulatory policies for the sharing economy among APEC member economies to align with the increasing proportion of digital business operations. This includes setting standards, enacting laws/regulations, tax collection, and standardizing consumer protection measures.
2. Workshop to Finalize the Third APEC Ease of Doing Business (EoDB) Action Plan, to conclude the development of the third phase of the APEC EoDB Action Plan. The focus is on five indicators: (1) Getting Credit, (2) Enforcing Contracts, (3) Protecting Minority Investors, (4) Registering Property, and (5) Resolving Insolvency.
3. The 1/2020 APEC Economic Committee Meeting, held from February 16-17, 2020, with key points summarized as follows: (1) Development of a new APEC structural reform project: Renewed APEC Agenda for Structural Reform (RAASR), (2) Preparation of the 2020 APEC Economic Policy Report, (3) Analysis of economic directions and trends within APEC, (4) Structural Reform and Gender, (5) Policy discussion on Structural Reform and Beyond GDP indicators, and (6) Policy discussion on Online Dispute Resolution (ODR).