Jakarta, Jan. 23 -- APEC's 21 member economies will finalize in 2020 a new vision for the forum's next phase, APEC Secretariat's Executive Director Rebecca Fatima Sta Maria stated. This was noted in a written statement issued by the APEC Secretariat and received here, Thursday.

"We will observe the completion of our long-term goal of free and open trade known as the Bogor Goals at the end of this year. The question for us now is where do we go next?" Maria noted while addressing senior diplomats and business leaders at a panel discussion on the future of global trade hosted by the Asia Business Trade Association.

Since 1994, the Bogor Goals have inspired APEC's member economies to pursue individual and collective action to reduce barrie...