as a key milestone, reinforcing Peru's commitment to transitioning towards a formal and global economy.
"One of the main achievements of our APEC Presidency has been restoring consensus after two years where it could not be reached. This consensus enabled the adoption of the Lima Roadmap for transitioning to a formal and global economy, which we consider the most significant deliverable of the APEC 2024 process," Mrs. Boluarte expressed.
Foreign Affairs Minister Elmer Schialer emphasized that
Peru introduced the topic of transitioning from informality to formality into APEC's permanent agenda, which will be developed within the country as a state policy.
Furthermore, he highlighted that this topic was addressed during the APEC 2024 forum, which successfully concluded in Lima on November 16.
21 leading economies
APEC is made up of:
Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei, Thailand, the United States, and Viet Nam.
Together, they account for 62% of world's GDP, 48% of global trade in goods and services, plus 38% of the planet's population.
(END) CVC/MAT/MVB