stated that Peru successfully introduced the topic of transitioning from informality to formality into the permanent agenda of the
. This initiative will be pursued within the nation as a state policy.
"For Peru, this initiative begins next year. It is something we brought to the table in the APEC agenda, and we have the moral imperative to lead in this area, it is very important. (…) This will become a state policy starting next year," he indicated.
The ambassador noted that this issue is new to APEC, and the economies embraced it, recognizing that informality is not a challenge unique to Peru.
"The issue of formalization is, on one hand, a national matter. We can agree on regulatory or conceptual frameworks in a forum like APEC, but the actual implementation is a sovereign action that pertains to each economy," he explained.
Minister Schialer added that the inclusion of this topic in the APEC agenda is quite significant, as it reflects a consensus among the economies to assist one another in transitioning economic agents from informality to formality.
The Cabinet member noted that this initiative will enable a valuable exchange of experiences and allow economies to assess whether the measures being implemented are effectively fostering formalization.
On a different note, he emphasized the significance of hosting the APEC 2024 forum in Lima, highlighting the substantial positive impact it has had by showcasing the country's opportunities to numerous investors, while also enhancing Peru's image on the global stage.
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) JCR/MAT/MVB