APEC - Asia-Pacific Economic Cooperation

Before the pandemic, the APEC region boasted the world's largest tourism market welcoming more than 800 million international visitors. Check out this blog by Dr Yasmeen Yasim, lead shepherd and Mr Luis Guillen, co-lead for the APEC Tourism Working Group (TWG) as they share TWG's work and plans as the region boosts recovery and sustainable growth and development in the tourism sector. Read it here: https://ow.ly/3LyN50SbSPQ #APECPeru2024 APEC Perú 2024

The 63rd APEC Tourism Working Group Meeting has begun. During the two-day meeting, officials will share best practices, exchange ideas, and delve deep into issues such as digital transformation and fostering innovation to empower informal tourism actors to transition to the formal economy, travel facilitation, and sustainable tourism practices. #APECPeru2024 📷 : APEC Perú 2024

This week's Tourism Ministerial Meeting and Related Meetings began with a workshop exploring the impact of creative economies on the future of tourism in the APEC region. In her opening remarks, Vice Minister of Tourism, Madeleine Burns Vidaurrazaga, emphasized the strengths of creative economies which include generating employment opportunities and driving economic growth. More updates to come! #APECPeru2024 📸 : APEC Perú 2024

We spoke with Álvaro Castro Lora who spoke at Digital Week in Arequipa last month. Check out our conversation with him where he shares how cross-border digital services have reshaped how businesses operate and the importance of ensuring small businesses can benefit from them. #APECPeru2024

Peru’s Minister of Foreign Trade and Tourism, Elizabeth Galdo, shares her thoughts on how and why APEC must collectively strive to eliminate barriers hindering women's full participation in trade. "However, for trade to truly work for all, it must be underpinned by the principles of resiliency, inclusion, and sustainability. We cannot afford to leave anyone behind in our pursuit of economic growth." Read all about it via the link below. #APECPeru2024 APEC Perú 2024 https://lnkd.in/gnmPptR2

The public strongly supports international cooperation to tackle global crises, says 7,000 respondents to the perception survey we conducted across the Asia-Pacific just before APEC - Asia-Pacific Economic Cooperation leaders met in San Francisco last year.   At the the Senior Officials’ Steering Committee on Economic and Technical Cooperation on Tuesday in Arequipa, I explained the opportunities and gaps that were identified in this survey with officials to advise how multilateral organizations like APEC can shape projects that reinforce messages related to trade and investment; digitalization and innovation; and sustainability and inclusivity. In addition to informing the policymaking process, messages the public expects to hear include: ✅ Articulating multilateralism’s benefits to society beyond trade. ✅ Narrowing the digital divide and addressing concerns around cybersecurity and misinformation. ✅ Prioritizing basic concerns such as jobs, food security, and healthcare.   This information will help inform the way our messages resonate with the public and I’m grateful for the constructive comments shared by senior officials on the survey results and how member economies could implement the recommendations which will open opportunities to meet the needs of the public.   My appreciation to Rechelle Tangcangco for her work on the survey and for the valuable contributions from David M., Cassandra Ang and Carlos Kuriyama.   For more information, the full report can be found here:  https://lnkd.in/ehTkPb-R

It's been a busy month of May! More than 30 events including meetings, workshops, and policy dialogues were held in Arequipa, Peru. In case you missed it: - The APEC Human Resources Development Working Group endorsed the Arequipa Goals which aims to push impactful progress through policies that empower people with disabilities. 👩🦽 - APEC is charging ahead to develop a more sustainable electric vehicle supply and value chain, address issues such as the future of mobility, and ensure the inclusion of micro, small, and medium enterprises regionally and in transportation networks. 🚗 - APEC ministers in charge of women’s economic participation issued a joint statement after the conclusion of the High-Level Policy Dialogue on Women and the Economy. The statement outlined focus areas that members are advancing to achieve greater gender equality and economic empowerment of women and girls of diverse backgrounds. 👩🔬 - APEC ministers responsible for women and ministers responsible for trade issued a joint statement that reflects the outcomes of their first-ever joint meeting, co-chaired by Angela Teresa Hernandez, Minister of Women and Vulnerable Populations of Peru, and Elizabeth Galdo, Minister of Foreign Trade and Tourism of Peru. 👩💼📈 - APEC trade ministers issued a joint statement upon the conclusion of their two-day meeting. The ministers recognized that trade has been facing strong headwinds in recent times, and reiterated their commitment to keeping markets open, removing unnecessary trade barriers, and strengthening trade and investment facilitation for all. 📊 Catch up on all the updates and access the joint statements from the ministerial meetings on our website! https://www.apec.org #APECPeru APEC Perú 2024

This morning at the ISEAS - Yusof Ishak Institute (ISEAS), Carlos Kuriyama and Emmanuel A. San Andres from the APEC Policy Support Unit spoke at the APEC: Building Bridges to Pursue Continued Economic Prosperity and Inclusive Growth amid Global Uncertainties seminar. Carlos shared insights from the recent #APECPeru2024 meetings in Arequipa as well as highlighted economic and trade trends from the May issue of the APEC Regional Trends Analysis. Emmanuel explored issues related to the consequences of trade disengagement. He also reiterated strengthening multilateral institutions of economic integration and trade is vital to bolstering cross-border cooperation and rebuilding trust in the multilateral trading system.

What's happening this week? APEC senior finance officials are in the picturesque town of Urubamba in Cusco for the 2024 APEC Senior Finance Officials' Meeting. Over the last few days, officials have been participating in workshops to discuss issues such as open finance, digital financial education, and sustainable infrastructure financing. More updates to come! 📷: APEC Perú 2024 #APECPeru2024

The digital landscape is booming, but with growth comes complexity. Regulators and competition authorities across the Asia-Pacific region face challenges in ensuring fair competition in this dynamic environment. Check out the summary report from a workshop on Regulatory and Competition Challenges in Digital Markets: Charting the Course for Fair Competition in Digital Markets. The report highlights best practices and valuable insights for policymakers or those interested in balancing innovation and fair competition in the digital markets. Access the report at the link below. https://ow.ly/uXBr50RXUju