During his speech, the Head of State welcomed the approval of the
APEC Putrajaya Vision 2040, which contains the forum's new guidelines —an initiative that was proposed by Peru during its pro-tempore presidency in 2016.
Likewise, the Head of State highlighted the importance of promoting quality growth in the Asia-Pacific region —one that is balanced, inclusive, sustainable, innovative, safe, and centered on people.
Furthermore, the top official stressed the urgency of carrying out structural reforms that improve access to credit, technology, and training for all economic agents —particularly the smallest ones— as well as the need to develop a local business ecosystem that encourages, as well as rewards entrepreneurship, innovation, and sustainability.
Concerning trade, the statesman emphasized Peru's firm support for a rules-based Multilateral Trading System and the
World Trade Organization (WTO), as well as its interest in advancing towards the achievement of a high-quality Asia-Pacific Free Trade Area.
APEC
The
APEC forum brings together the 21 most dynamic economies in Asia-Pacific, including the United States, Canada, Australia, China, Japan, and Korea, among others, which —together— represent 60% of world's GDP, 47% of global trade, and 38% of the planet's population
The mission of the
APEC forum is to promote quality economic growth and prosperity in the Asia-Pacific region, which is why it works to remove barriers that prevent the proper functioning of the market economy, as well as the free flow of goods, services, investments, and people in our region.