APEC Leaders' Week Begins in Lima, Peru

The 2024 APEC Economic Leaders' Week in Lima focuses on enhancing trade, investment, and sustainable development, guided by the themes of empowerment, inclusion, and growth. Ambassador Carlos Vasquez highlighted the importance of consensus among the 21 APEC economies to address challenges like climate change and digital transformation. Professor Jeffrey Sachs noted China's advancements in the digital realm and its significant partnerships through the Belt and Road Initiative, which are crucial for regional connectivity. The event aims to foster collaboration and establish norms that drive inclusiveness and innovation across the Asia-Pacific. With the world's largest economy influencing global supply chains, there is skepticism about achieving a unified approach, yet the meetings provide a platform for addressing mutual economic concerns. APEC's commitment to a collaborative future is vital for the three billion people in the region, emphasizing resilience and sustainable growth.