indicated that Peru faces the challenge of a transition to a more sustainable, resilient, and inclusive development, given the new energy and climate context.
During his presentation on Sunday, he pointed out that, in the face of short-term difficulties due to the energy and climate crises, member economies have assumed an increasingly decisive role in global trade and renewable energy supply chains.
Minister Mucho underscored that
Peru, as APEC President for the third time, has committed to contributing to the development of a resilient and sustainable community, actively participating in APEC's Energy Working Group and sponsoring projects from other member economies.
"With the development of this conference, we are starting a week of meetings during which various topics will be addressed, having an impact on each of our economies domestically and the APEC bloc as a whole," he noted.
Mucho added that
APEC Peru 2024 is a courageous proof of cooperation as an outcome of tireless meetings, exchanges and consultations, with high levels of commitment, as well as a great deal of harmony and flexibility.
The Cabinet member explained that the meetings require a lot of patience and perseverance, considering the magnitude and complexity of the agreements, which, although not binding, are therefore "a source of sincere commitments and initiatives agreed upon within our own economies and across the APEC region."
The panel discussion also saw the participation of Renato Reyes, Peru's Senior Official for APEC; Irie Kazutomo, Managing Director and President of the Asia-Pacific Energy Research Centre (APERC); and Steivan Defilla, Assistant President of the APEC Sustainable Energy Center (APSEC).
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 Vietnam.
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) NDP/MVB