"The Mind-Blowing Ways APEC Has Transformed Peru's Economy - You Won't Believe The Results!"

For the third time, Peru will host the Leaders' Summit of the Asia-Pacific Economic Cooperation (APEC) forum—an event that will take place in November this year and will have a positive impact on our country's economy.

Source : Google.com/images.app.goo.gl/16DvDWzqbjNpYhjS7

It is worth noting that preparatory meetings have begun in the South American country.

Peru has been a member of the APEC forum since 1998, a fact that represents an important milestone for Peru's foreign policy. 

as Peru has enabled our economy to consolidate its international reach in the Asia-Pacific region – the most innovative, dynamic and fastest growing. around the world.

Thus, this forum allows Peru to connect with the largest markets. 

providing opportunities for more inclusive and sustainable development. Something similar is also happening with the integration of Peruvian companies into value chains at regional and global levels. 

as well as the process of internationalization of small and medium enterprises (SMEs).

According to the Peruvian Foreign Trade Society (ComexPeru), since the country joined APEC, our trade with other member countries has grown by an average of 12% per year. 

In addition, 66% of Peru's goods trade is with other APEC countries.During this period, bilateral free trade agreements have also been negotiated with important APEC members such as: China, Singapore, Thailand, the United States, Canada, South Korea, Chile, Mexico, Japan and Australia. 

Thanks to these efforts, around 1,500 SMEs and 2,200 MSMEs trade more efficiently with the Asia-Pacific region. Another important milestone was Peru's 2016 APEC Presidency—an event that prompted visits by more than 1,200 business people from the Asia-Pacific region.

which in turn generated investment opportunities worth approximately US$9.4 billion. as well as infrastructure improvements of international importance. meeting.

Most recently. 

in 2021, Peru consolidated as a State Party to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)—a mechanism promoted by APEC.

In the same year, about 5,200 Peruvian companies exported goods worth US$37.994 billion to the APEC zone, while our imports from this bloc reached US$30.479 billion.

Between 2016 and 2021. 

Peru received US$2,823 million from APEC funds allocated to finance 36 projects presented in the following Economic and Technical Cooperation Committee Working Groups: Small and Medium Enterprises; Science. 

Technology and Innovation; Food safety; Health; Oceans and Fisheries; Transport; Expert Group on Illegal Logging and Related Trade; plus, Women and the Economy. Thus, the importance of the economic and technical cooperation that APEC offers Peru becomes clear. 

Peru's 2024 APEC Presidency provides the possibility of pushing forward social diplomacy aimed at addressing Peru's important economic and social challenges through international cooperation.

21 countries with leading economies 

APEC consists 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, Philippines, Russian Federation, Singapore, Chinese Taipei, Thailand , United States, and Vietnam.

Overall, these sectors account for 62% of world GDP, 48% of global trade in goods and services, and 38% of the world's population.

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