The Presidency of the
forum was handed over to Peru on November 17, 2023.
, which under two previous Presidencies (in 2008 and 2016) attracted over US$9.4 billion in investment into the country.
This was stated by the Chair of Peru's APEC 2024 Presidency Working Group, Ambassador Carlos Chavez-Taffur, who stressed that said Presidency gives the country a strategic position and contributes to the post-pandemic economic reactivation.
Likewise, the Peruvian Presidency promotes the image of the country as a destination to do business and improves the conditions to implement additional economic-technical cooperation projects financed by APEC.
The ambassador commented that Peru's trade with APEC economies has grown 12% per year since it joined the forum in 1998, according to the Peruvian Foreign Trade Society (ComexPeru).
In addition, 66% of Peru's trade is carried out with APEC economies, according to 2022 figures.
The diplomat underlined that, in 2016, the Peruvian regions that hosted this forum generated approximately US$20 million in the sectors of tourism, food, transportation, and security, as well as the creation of temporary jobs.
Thus, during the year in which Peru held the Presidency of APEC, more than 33,000 people —including delegates, businesspeople, and journalists— were accredited to the forum.
Approved projects
In May 2023, 10 cooperation projects, equivalent to about US$1.15 million, were approved.
More than 30 additional projects were proposed for APEC financing the following month.
Subsequently, meetings of senior officials and ministers, as well as the long-awaited APEC Economic Leaders' Summit, take place from December 2023 to November 2024.
The APEC is made up of
Australia, Brunei Darussalam, Canada, Chile, the People's Republic of China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Korea, Chinese Taipei, Thailand, United States, and Vietnam.
(END) NDP/RMCH/MVB