APEC leaders will discuss digitalization and sustainable economic growth

LIMA, November 15 . Events with the participation of leaders of countries and territories in the Asia-Pacific Economic Cooperation (APEC) Forum will be held in Lima. The hosts named the theme of their chairmanship and the final summit the motto “Empower, Include, Grow.”

On November 15, Lima will host the meeting of APEC economic leaders in the form of an informal dialogue, the formal part of the summit and the adoption of the declaration is expected to take place on November 16. The Russian delegation was led by Deputy Prime Minister Alexei Overchuk.

Chinese President Xi Jinping arrives in Peru to attend the summit. According to the White House, he will have a meeting with US President Joe Biden on the sidelines of the forum. The summit was also attended by Australian Prime Minister Anthony Albanese, Vietnamese President Luong Cuong, Indonesian President Prabowo Subianto, Canadian Prime Minister Justin Trudeau, Malaysian Prime Minister Anwar Ibrahim, Chilean President Gabriel Borich, the country's President Republic of Chile. of South Korea Yoon Seok-yeol, Prime Minister of Japan, Minister Shigeru Ishiba and other leaders.

Summit theme

According to the head of the Russian delegation, a series of topics are expected to be discussed in Lima, including the elimination of trade barriers, the development of regional transport corridors, digitalization and other issues. topic of artificial intelligence management. Overchuk noted that APEC today has managed to maintain its role as a depoliticized forum for discussing economic issues in the region.

Also in the capital Lima, the topic of electricity access for people in the region will be raised. “This is still a traditional problem in this area,” Overchuk emphasized. It is expected that both renewable energy and the transition to green energy will be discussed.

President of Peru

Peru's APEC spokesman Renato Reyes said that as of November, the country had held more than 270 events under its chairmanship, with about 20 more meetings scheduled to take place this week. During the year, participants accepted 15 documents. The Peruvian side hopes to reach consensus on four more documents by the end of this week.

“The first of these is the Lima Roadmap, which aims to facilitate the transition to a formal and global economy. Another document will be the Ichma Declaration on a new look at the agenda of the Asia-Pacific Free Trade Area,” Reyes said on RPP television on the eve of the summit opening ceremony. . According to him, the joint statement of foreign and economic ministers and the final statement of APEC leaders also need to be approved.

As president, the Peruvian side has promoted discussions on topics such as ensuring inclusive growth, ensuring favorable conditions for all population groups, digitalization and reducing the informal sector of the economy, ensuring sustainable economic growth with concern for environmental issues.

Introducing APEC

APEC is a regional intergovernmental forum established in 1989. Its main goal is to strengthen economic integration, expand trade and increase employment in the region.

APEC includes 19 countries and two territories. There are 12 founding countries: Australia, Brunei, Indonesia, Canada, Malaysia, New Zealand, Korea, Singapore, USA, Thailand, Philippines and Japan. Also participating are China (joined in 1991), Mexico and Papua New Guinea (1993), Chile (1994), Russia, Vietnam and Peru (1998). In 1991, two Chinese territories, Hong Kong and Taiwan, joined APEC.