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Public-private partnerships critical for sustainable development

Staff writer |
Achievement of the newly adopted Sustainable Development Goals (SDGs) will depend greatly on scaling up public-private partnerships.

That the top United Nations official in Asia and the Pacific has told an international business forum in Bangkok.[break]

"The private sector knows the art of making markets work, managing risks and fostering competitiveness and innovation," said United Nations Under-Secretary-General and Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Dr. Shamshad Akhtar, in her opening remarks at the twelfth Asia-Pacific Business Forum (APBF).

Dr. Akhtar emphasized that Asian businesses have shown their ability to create enduring value for themselves, whilst overcoming adversity in both trying economic times, and with challenging external environments.

“As we move from the design to the implementation phase of the SDGs, businesses must align their thinking and integrate inclusivity and sustainability into their core values.

Organized by ESCAP under the theme ‘Driving Growth and Sustainability through Business,’ the Forum held from 1 to 2 November brought together over 300 business leaders, government policymakers, and representatives from civil society and international aid and development agencies to identify opportunities for enhancing connectivity between regional businesses in a more sustainable manner.

A new book launched at the Forum by the ESCAP Sustainable Business Network ‘Resilient Business for Resilient Nations and Communities,’ highlighted best practices in strengthening business disaster risk resilience and management.

The Forum also featured sessions on the new regional economic and financial order, along with harnessing entrepreneurship, technology and innovation for sustainable development.

APBF 2015 was organized with support from a wide group of partners and stakeholders including the Organisation for Economic Co-operation and Development (OECD), the International Labour Organization (ILO), the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand, and the Trade and Industry Association of Singapore (TIAS).

Along with the International Chamber of Commerce Bangladesh (ICCB), the Pacific Islands Trade and Invest, the Pacific Basin Economic Council (PBEC), the Joint Foreign Chambers of Commerce in Thailand (JFCCT), the Greater Mekong Subregion Business Forum (GMS-BF), and the Mekong Institute.

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