This week in Lima, Peru, leaders from 21 Asia-Pacific economies are gathering for the Asia Pacific Economic Cooperation (APEC) forum. Since its inception in 1989, APEC has been the cornerstone for fostering economic growth, cooperation, trade, and investment across the region.
However, recent years have seen some member countries engage in political manipulation within the economic sphere, escalating protectionism and heightening geopolitical risks. These developments pose significant challenges to regional collaboration and global economic governance.
As the premier forum, this year's APEC focuses on addressing these obstacles. Key discussions aim to find ways for member economies to eliminate both internal and external interferences, thereby enhancing economic cooperation and stability in the Asia-Pacific region.
With the global economy at a pivotal point, the outcomes of APEC 2024 could play a crucial role in shaping the future of international trade and investment dynamics.
Reference(s):
cgtn.com
