Trade ministers pledge to promote BCG model

Asia-Pacific Economic Cooperation (Apec) trade ministers have vowed to promote the bio-, circular and green (BCG) economic model to help rehabilitate their economies, ravaged by more than two years of dealing with the pandemic.

Speaking after presiding over the Apec BCG Symposium 2022 yesterday, Commerce Minister Jurin Laksanawisit said Apec members will exchange experiences and move forward to use the BCG model among the forum’s 21 member economies.

Mr Jurin said the BCG model is good for biodiversity, while the circular economy offers sustainable use of resources producing the least environmentally harmful waste by incorporating recycling.

He said the Apec economic zone’s pledge would drive businesses towards sustainable economies, emphasising environmental concern for production and services.

“The BCG economic model will lead to beneficial results in Apec…