- There is strong support to make the silver economy issues mainstream in APEC’s broader agenda. Ageing populations within society can be seen as a driver of future business opportunities and economic growth.
- There is an identified need to develop a Voluntary Action Plan which includes adopting and using international standards to foster innovation solutions.
- APEC should consider developing a five-year silver economy standardisation roadmap with a focus on leveraging a range of sectoral standards and innovation supported by National Standards Bodies (NSBs).
- Before the baby-boom generation retires, APEC members have a window of opportunity to tackle these challenges. However, the APEC survey highlights that the community is largely unware of their governments’ and NSB’s work to prepare for the silver economy.
- APEC should consider funding pilot projects that link standards and innovation to create new products, services and technologies to address market gaps.
CEO of Standards Australia, Dr Bronwyn Evans, explained that “the Issues Paper has been developed with a view to inform and enhance regional dialogue and stimulate wider consideration of the current and future role of standards and innovation within APEC’s emerging silver economy.