has approved the financing for the cooperation project presented by Peru, titled "Study and workshop to understand the role of digital connectivity in the formalization process of informal businesses in the Asia-Pacific region," the
has reported.
This project will make it possible to conduct a study on economic informality and to gather domestic and foreign experts at a workshop to be held in Peru next year, with the purpose of identifying good practices in handling this topic.
The
Peruvian project is part of the framework of social diplomacy being developed by the Foreign Affairs Ministry at APEC and that
seeks to contribute —through joint effort by the public, academic, and business sectors— to identifying recommendations for the process of elaboration of public policies to face this phenomenon.
It is worth mentioning that the project was endorsed by each APEC economy and relied on the solid co-sponsorship of 13 members of said forum —made up of 21 Asia-Pacific economies.
Peru has chosen, as one of the priorities of its future APEC 2024 Presidency, to promote the theme: "Innovation to promote the transition towards formal and global economy."
About APEC
Founded in November 1989, the Asia-Pacific Economic Cooperation (APEC) Forum is made up of 21 Asia-Pacific economies.
It seeks to promote trade and investment liberalization, facilitate business, as well as promote economic and technical cooperation in order to achieve prosperity among member economies.
Members are Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Korea, Chinese Taipei, Thailand, United States, and Vietnam.
Peru joined the forum in 1998 and has hosted APEC twice (in 2008 and 2016). It will become the host again in 2024.