of quality infrastructure for sustainable economic growth . Recognising the important elements to realise quality infrastructure identified in APEC Connectivity Blueprint 2015- 2025 and its subsequent works , we are committed to translate this concept into actions including in ICT , energy and transport .
We welcome progress and look forward to continue exploring infrastructure financing including through mobilising private sector resources and public-private partnerships ( PPP ). We encourage further work to pursue the quality improvement of investment opportunities . We are committed to enhancing the synergy and co-operation among various infrastructure connectivity programmes in the region , and welcome the Collaboration Action Plan between APEC Member Economies and the Global Infrastructure Hub . We recognise the lack of effective solid waste management infrastructure imposes great socio-economic and environmental costs , and we encourage further work on this topic .
We welcome economies ’ initiatives to achieve comprehensive regional connectivity , which are being jointly built through consultation to meet the interests of all . We encourage further implementation of these initiatives with a view to promoting policy co-ordination , facilities connectivity , unimpeded trade , financial integration , and people-topeople bonds in the region , and
Malaysia is well poised to ride on the economic curve for engineering services in this region .
encourage further collaboration among these initiatives in order to promote regional economic integration and the common development of the Asia-Pacific region .
Looking forward
To achieve sustainable growth in the Asia-Pacific region we must continue working with a renewed sense of urgency and through Asia-Pacific partnership featuring mutual respect and trust , inclusiveness and win-win co-operation in implementing our commitments and achieving our goals .
We endorse the 2016 APEC Joint Ministerial Statement and commend the work of our Ministers and officials as reflected in the results of the Sectoral Ministerial Meetings , High-Level Policy Dialogues , the Finance Ministers ’ Process , the Committees and Working Groups of the Senior Officials Meeting , and all related mechanisms . We instruct our Ministers and
officials to continue their work , including implementation of the recommendations , work programmes , initiatives and action plans of the resulting documents from the 2016 Sectoral Ministerial Meetings and High-Level Policy Dialogues , bearing in mind the vision contained in this Declaration , as well as our previous meetings .
Malaysian Perspective
During the 10 th Malaysian Plan , the services sector was the largest contributor to the country ’ s Gross Domestic Product ( GDP ) at 53.8 % in 2015 . It is still some way to go to achieve the target of 58 % by 2020 .
The Malaysian National Export Council has discussed strategies to accelerate exports and reduce imports by nurturing local contractors to be more competitive globally , pushing for more Malaysian professional services abroad and forming consortia to win overseas projects . These efforts match well with the 2016 APEC Leaders ’ Declaration to promote growth in the service trade by endorsing the APEC Service Competitiveness Roadmap . With the liberalisation of professional engineering services through the amendment of Registration of Engineer Act in 2015 , Malaysia is well poised to ride on the economic curve for engineering services in this region .
REFERENCE
Matrade Press Release 2016 APEC official website
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