APEC Meeting Commits to Responsible AI for Growth, Eyes $4.8 Trillion Market by 2033
August 4, 2025
On August 4, 2025, Professor Sun Dong, Secretary for Innovation, Technology and Industry, represented Hong Kong at the APEC Digital and AI Ministerial Meeting in Incheon, Korea, focusing on the theme of 'Digital and AI Transformation toward Prosperity and Sustainable Growth for All.'
The meeting resulted in a joint statement emphasizing a commitment to responsible digital transformation and the development of trusted AI across the Asia-Pacific region, as highlighted by Seoul's Ministry of Science and ICT.
Professor Sun advocated for regional collaboration to ensure responsible AI adoption, enhance productivity, and promote inclusive growth, aiming for a prosperous future for all citizens.
The joint statement outlined three key areas of focus: facilitating digital and AI innovation to tackle socio-economic challenges, enhancing digital connectivity for all, and creating a safe and reliable digital ecosystem.
Minister Bae Kyung-hoon of Korea noted that the competitive dynamics between the U.S. and China over AI present opportunities for Korea to enhance its global standing in the digital and AI sectors.
The meeting also highlighted the importance of international collaboration in addressing cyber threats, with Hong Kong expressing its readiness to work with member economies to build a secure digital future.
In preparation for the APEC summit later this year, the meeting aimed to establish a high-level consultative body on digital and AI issues, with participation from key delegates from all 21 APEC member economies.
Professor Sun emphasized the projected growth of AI into a US$4.8 trillion global market by 2033, urging action to harness its potential to address socio-economic challenges.
The meeting underscored the dual nature of AI as both a powerful tool and a potential risk, advocating for responsible governance and the establishment of an Ethical Artificial Intelligence Framework.
As part of its strategic agenda, the Hong Kong government has prioritized AI development, establishing infrastructures like the AI Supercomputing Centre and research clusters under the InnoHK platform.
The discussions at the meeting reflect a broader commitment among APEC economies to navigate the evolving digital landscape and foster collaboration to leverage AI and digital technologies responsibly.
Summary based on 8 sources
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Sources

korea joongAng daily • Aug 4, 2025
APEC members adopt first-ever joint statement on digital transformation, AI

