We endorse the agreement on the Renewed APEC Agenda on Structural Reform (RAASR) which
covers the areas of inclusive growth, innovation, and services. The RAASR builds on APEC New
Strategy for Structural Reform (ANSSR), which we endorsed in 2010, to help economies attain high
quality growth and become more resilient. This initiative encourages APEC economies to implement
structural reforms in priority areas, and also provides the chance for APEC economies to participate in
capacity-building programs and other technical cooperation activities to train government officials in the
implementation of those reforms