"In the next 10 years we will have enough political stability that will allow us the growth that will be stable," he said during the Asia-Pacific's premier business event.
"We heavily invest in infrastructure, that ten business require," he said stressing that the government invests in building sea and air ports.
The government also invests in education, trying to have the necessary skill base that the business require, according to O'Neill.
The country is trying to create jobs that will compliment the industries that are already in place, he said.
The APEC, established in 1989, promotes free trade throughout the Asia-Pacific region.
The APEC forum includes Russia, the United States, China, Canada, the Philippines, Mexico, Peru, chili, Australia, New Zealand, Vietnam, Papua New Guinea, Malaysia, South Korea, Japan, Indonesia, Hong Kong, Brunei.
