The 2024 APEC Summit, held in Peru from November 10 to 16, focused on fostering economic cooperation, innovation, and sustainable growth among its 21 member economies under the theme “Empower. Include. Grow.” This gathering served as a critical platform for leaders to discuss strategies for regional integration, transitioning to a global and formal economy, and addressing challenges like green energy transitions and digital economy integration.
APEC summit included:
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Inclusive Economic Participation: Encouraging greater involvement of marginalized groups, such as women, youth, and informal enterprises, in the global economy by providing tools for competitiveness and inclusion.
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Sustainability: Promoting green energy transitions, such as the adoption of renewable energy and green hydrogen, and addressing climate-related challenges.
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Economic Growth Post-Pandemic: Supporting economic recovery by boosting trade, investment, and regional cooperation.
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Digital and Financial Inclusion: Highlighting the role of digital transformation and financial inclusion in modernizing economies and reducing inequalities.
These discussions aim to ensure shared prosperity among APEC members, which collectively account for a significant portion of global trade and GDP. Peru, hosting the event for the third time, emphasized leveraging APEC to further integrate its economy with the dynamic Asia-Pacific region.
Participant countries:
The APEC (Asia-Pacific Economic Cooperation) consists of 21 member economies. These economies participate in annual summits, including the 2024 APEC Summit hosted by Peru. The member economies are:
- Australia
- Brunei Darussalam
- Canada
- Chile
- China
- Hong Kong, China
- Indonesia
- Japan
- Korea (South Korea)
- Malaysia
- Mexico
- New Zealand
- Papua New Guinea
- Peru (host for 2024)
- Philippines
- Russia
- Singapore
- Chinese Taipei (Taiwan)
- Thailand
- United States
- Vietnam
The APEC Summit in Peru refers to gatherings of the Asia-Pacific Economic Cooperation (APEC) forum hosted by Peru. The country has hosted this summit multiple times, most notably in:
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2008 (Lima):
- Focus: The global financial crisis dominated discussions. Leaders emphasized coordinated efforts to stabilize economies and restore growth.
- Achievements: Commitment to resist protectionism and to pursue open trade and investment policies.
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2016 (Lima):
- Theme: “Quality Growth and Human Development.”
- Key Issues: Trade liberalization, inclusive growth, and innovation. Leaders discussed the Trans-Pacific Partnership (TPP) and its future, as well as regional trade agreements.
- Notable Leaders: Barack Obama (USA), Xi Jinping (China), Vladimir Putin (Russia), and other heads of state from APEC economies.
