10:00 | Pucallpa (Ucayali region), Sep. 14.
Ministers responsible for small and medium enterprises from the
21 APEC member economies issued a
joint statement reiterating their commitment to foster quality growth that brings benefits and greater health and well-being to all, including micro, small, and medium enterprises (MSMEs).
The statement emphasized the need to assist the region's MSMEs in transitioning from the informal to the formal economy by embracing digitalization and fostering innovation.
Ministers also stressed the importance of financial inclusion, supporting access to financial services, and promoting responsible financial practices.
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.
Editor's note: Information provided by the APEC Secretariat.
(END) NDP/MVB
Published: 9/14/2024