Cuzco will host the APEC leaders’ summit in 2024, announces Boluarte

Lima, May 5 The ancient capital of the Inca Empire, the city of Cuzco, will host the XXXII Summit of Leaders of the Asia-Pacific Economic Cooperation Forum (APEC) in 2024, as well as all previous meetings, according to the president of Peru, Dina Boluarte. .

Peru will hold the APEC presidency next year, which implies hosting the leaders’ summit, as confirmed by the Prime Minister of Thailand, Prayut Chan-o-cha, on February 10, 2022 when his country held the Forum Chair.

“I anticipate, Mr. Governor of Cuzco, we will be centralizing (the) APEC summit there in Cuzco so that from there we can tell the world that Peru is present,” Boluarte declared during his participation on Thursday in the meeting of the Regional Council of State, from the Lima district of San Borja.

The ruler recalled that she was present at the APEC held in Thailand last year, when she was vice president of the Government of former president Pedro Castillo (2021-2022).

In July of last year, the Peruvian government declared the APEC presidency and the celebration of the XXXII Leaders’ Summit “of national interest”, by means of a supreme decree in which it was indicated that the Ministry of Foreign Affairs would be the entity responsible “for all aspects concerning the exercise” of the forum.

Peru has been a member of APEC since 1998, when it was admitted as a member economy along with Russia and Vietnam, and it already chaired the forum in 2008 and 2016.

The forum brings together several of the largest economies in Asia-Pacific, which together account for 61% of world GDP and 47% of trade in goods and services.

Specifically, APEC is comprised of the economies of Australia, Brunei Darussalam, Canada, Chile, People’s Republic of China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Korea, Chinese Taipei, Thailand, the United States and Vietnam.

According to data released by the official newspaper El Peruano, Peru’s trade with the APEC economies reached a record 67.5 billion dollars in 2021 and, that same year, 67.8% of the Andean country’s international trade was carried out out with said trading block.

Source