Papua New Guinea: APEC CEO Summit closes, chairmanship handover to Chile

The future of the Asia-Pacific region is looking bright as it continues to promote and advocate free open trade, Chairman of APEC CEO Summit 2018 Isikel Taureka said at the closing speech in Papua New Guinea’s capital of Port Moresby on Saturday.
Taureka stressed that "we have to improve productivity and raise real income growth of the low and middle income groups in order to become an inclusive society."
He then handed the gavel, a symbol of the chairmanship, to Chilean Jean-Paul Luksic, the Chairman of the APEC CEO Summit 2019.
"Trust, transparency, collaboration are essential to achieve the common dream shared by all of us in this room today to build a better, more prosperous, healthier and inclusive future for everyone," Luksic stated.
Closing the ceremony, President of Chile Sebastian Pinera urged the US and China to “find ways to end the tariff and trade wars which benefit no one and at the end of the day will hurt all countries."
“Entrepreneurs and innovators are always trying to see and to stand on the shoulders of giants, as the great Newton said, to be able to see further to anticipate times to look for ways to create more wealth and more opportunities for the people of the world”, Pinera said, concluding that this is “how economy prospers and this is precisely what makes the business community so relevant at times with the benefits of free trade and globalisation are in big dangers.”