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ate international law instruments such as the Hague Conventions in facilitating cross-border trade and investment Nick Leddy Salute to Service Jersey , enhancing ease of doing business, and fostering effective enforcement of contracts and efficient settlement of business disputes. We encourage wider use of these instruments which would contribute to APEC's regional integration, connectivity and structural reform agenda.

New Economy


33. We recognize that New Economy represents the trend of economic growth and sustainable development in the Asia-Pacific region and beyond. We support the efforts to promote economic restructuring and upgrading in traditional industries, explore new and promising economic growth areas such as the Green Economy, the Blue Economy Authentic Anthony Beauvillier Jersey , and the Internet Economy, and promote green, circular, low-carbon and energy-efficient development.


34. We are encouraged by the progress of APEC's ocean-related cooperation and welcome the Xiamen Declaration issued at the 4th APEC Oceans Ministerial Meeting this year, and instruct our Ministers and officials to fully implement the Declaration. We acknowledge the Xiamen Declaration's statement on the Blue Economy. We welcome the APEC Marine Sustainable Development Report. We encourage the Ocean and Fisheries Working Group to work with APEC fora to advance Blue Economy cooperation.


35. We recognize the role of the Internet Economy in promoting innovative development and empowering economic participation. We endorse the APEC Initiative of Cooperation to Promote the Internet Economy and instruct Ministers and officials to discuss the Internet Economy further Authentic Casey Cizikas Jersey , put forward proposals for actions, promote member economies' cooperation on developing the Internet Economy and facilitate technological and policy exchanges among member economies, taking into account the need to bridge the digital divide.


36. We welcome the Beijing Declaration of the 2014 APEC Energy Ministerial Meeting. We welcome the establishment of the APEC Sustainable Energy Center in China. We recognize the importance of promoting diversified energy supplies, and market-based competition and pricing mechanisms that reflect demand and supply fundamentals as appropriate to each economy. We encourage member economies to take actions to eliminate trade protection and restrictive measures that may impede progress in renewable energy technologies and development of this sector, and we endorse the Energy Ministers' aspirational goal to double the share of renewables including in power generation by 2030 in APEC's energy mix. We affirm our commitment to rationalize and phase out inefficient fossil fuel subsidies that encourage wasteful consumption while still providing essential energy services. We acknowledge Peru and New Zealand for initiating voluntary peer reviews in 2014 of inefficient fossil fuel subsidies that cause wasteful consumption and sharing their best practices Authentic Adam Pelech Jersey , and welcome the commitment from the Philippines to undergo a peer review in 2015. We encourage innovation, competition and cooperation to promote a sound and sustainable energy sector in the Asia-Pacific and to ensure its energy security, economic growth, poverty eradication and an appropriate response to climate change.


37. We emphasize the importance of efforts to ensure sustainable development in mining, including the development Authentic Calvin De Haan Jersey , processing, utilization, investment and trade in minerals, metals and related products and welcome Ministers' views recognizing the important role of the Minamata Convention on Mercury.


38. We will continue our efforts to protect forest resources, combat illegal logging and associated trade Authentic Jaroslav Halak Jersey , promote sustainable forest management, and work with relevant organizations, including the Asia-Pacific Network on Sustainable Forest Management and Rehabilitation (APFNet), to ensure the achievement of the aspirational goal on forests in the Sydney Declaration.


39. We commit to continue our efforts in combating wildlife trafficking. We will take steps to combat wildlife trafficking by enhancing international cooperation through Wildlife Enforcement Networks (WENs) and other existing mechanisms, reducing the supply of and demand for illegally traded wildlife Authentic Brock Nelson Jersey , increasing public awareness and education related to wildlife trafficking and its impacts, and treating wildlife trafficking crimes seriously.


Innovative Growth


40. We recognize innovation as an important lever for economic growth and structural reform. We endorse the initiative on Toward Innovation-Driven Development. We commit to foster a pragmatic, efficient and vigorous partnership on science, technology and innovation. We agree to strengthen collaboration amongst government, academia Authentic Anders Lee Jersey , and private sector stakeholders to build science capacity, to promote an enabling environment for innovation and including by establishing training centers for the commercialization of research, and to enhance regional science and technology connectivity, with respect for intellectual property rights and trade secrets.


41. We welcome the Nanjing Declaration on Promoting SMEs Innovative Development. We commit to strengthen our support, and provide an enabling environment for SMEs in innovation activities. We welcome efforts to strengthen SMEs' cooperation in the Asia-Pacific region Authentic Cal Clutterbuck Jersey , involve SMEs in APEC production and supply chains, promote ethical business practices, as well as to empower their capacity to operate in an international market. We welcome member economies' joint efforts and contribution to promote the APEC Accelerator Network and to invest in the early stage development of innovative SMEs.


Inclusive support


42. We recognize that inclusive support is essential to maintain growth and to deal with risks and potential fallout of reform, with an aim to provide a solid foundation for economic growth and to address the needs of vulnerable groups. We welcome the outcomes of the 6th Human Resources Developme .

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