The Asia-Pacific Economic Cooperation (APEC) forum is set to take center stage in San Francisco as Peru hosts the 30th APEC Economic Leaders' Meeting. With a membership that accounts for nearly two-thirds of the global economy and half of world trade, APEC plays a crucial role in shaping international economic landscapes.
Under the theme \"Creating a Resilient and Sustainable Future for All,\" the 2024 summit emphasizes resilience, innovation, and inclusivity. These themes aim to foster an open, dynamic, and peaceful Asia-Pacific community by 2040.
Marco V. Balarezo, the Peruvian ambassador to the Chinese mainland, highlighted the significance of APEC in strengthening multilateralism and promoting an open, norms-based trade system centered around the World Trade Organization. He emphasized that APEC serves as Peru's most relevant platform for enhancing free trade, investment flows, and regional cooperation in the Asia-Pacific region.
Last year’s in-person meeting in Bangkok focused on implementing the APEC Putrajaya Vision 2040, the Aotearoa Plan of Action, and the Bio-Circular-Green Economy model, which prioritize sustainable development through resource regeneration and optimized production processes.
This year’s meeting in San Francisco marks the third time Peru hosts the APEC gathering, a testament to its growing influence and commitment to regional cooperation. As the United States takes on the Pro-Tempore Presidency of APEC for 2024, Peru is poised to lead meaningful discussions and drive forward the forum’s key objectives.
Ambassador Balarezo expressed confidence in Peru’s ability to host the summit successfully, underscoring the country’s strategic position and cultural ties within the Asia-Pacific. He looks forward to the outcomes of various ministerial meetings, which will further evolve the vision and action plans set forth in previous APEC initiatives.
With China’s active advocacy and Peru’s strategic leadership, APEC 2024 promises to be a pivotal event in advancing inclusive and sustainable economic growth across the region.
Reference(s):
Peru's vision for APEC 2024: A path to more inclusive cooperation
cgtn.com
