The main economies of the Asia-Pacific region are meeting in the Peruvian capital, Lima, for APEC Leaders' Week.
Find out how many times Peru has hosted the multilateral forum.
APEC 2008
Peru has been an APEC member since 1998.
In 2008 —10 years after this important milestone— Peru became the venue for the forum for the first time, during the Government of then-President Alan Garcia. "A new Commitment to the Development of the Asia-Pacific" was the motto on that occasion.
"For more than a year, Peru was a source of positive international news, culminating in November 2008 with the extensive global coverage of the summit held in Lima," it recalled.
Among the achievements, it is worth highlighting that Peru has managed to advance in its objective of becoming a hub by seeking bilateral agreements with APEC economies.
Thanks to this effort, the FTAs with Canada, the People's Republic of China, South Korea, Japan, and Singapore have been consolidated.
APEC 2016
Under the motto "Quality Growth and Human Development," Peru hosted APEC for the second time, during the Government of then-President Pedro Pablo Kuczynski.
At that time, the agenda led by Peru prioritized advancing towards the realization of the
Free Trade Area of the Asia-Pacific (FTAAP), as well as the strengthening and internationalization of SMEs, food security, among others.
As a result, the
Lima Declaration on FTAAP was adopted, which fosters capacity-building activities for negotiations and identifies the areas with the greatest challenges for consolidating this free trade area.
Regarding small- and medium-sized enterprises (SMEs), the development of a compendium of methodologies and public policies for their internationalization was approved.
Similarly, it was agreed to work to foster the participation of service SMEs in global value chains.
APEC 2024
These events include the Economic Leaders' Meeting (AELM); nine ministerial meetings, highlighting the Meeting of Ministers of Foreign Affairs and Trade (AMM), five meetings of Senior Officials (SOM), as well as the meetings of the APEC Business Advisory Council (ABAC) and the APEC Study Centers Consortium (ASCC).
Why host the event for a third time?
In this regard, it is indicated that this decision is part of the Peruvian State policy of strengthening our relations with the Asia-Pacific region, in order to allow for a beneficial insertion in the face of the accelerated globalization process that we are experiencing.
Peru is hosting APEC for the third time after the 2008 and 2016 editions.
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) MCA/RMCH/MVB
Published: 11/10/2024