APEC 2023 Comes With More Agreements From World Leaders

5 個月前
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San Francisco recently hosted a crucial economic summit, marking the United States' return to hosting the Asia-Pacific Economic Cooperation (APEC) summit since 2011. With the participation of world leaders, discussions centered on strategies to boost trade and economic growth across the Pacific region. Established in 1989 with 12 members, it has expanded to 21 members, including China, the United States, and Australia.

San Francisco played a pivotal role, highlighting its position as a central hub for shaping global economic cooperation. The APEC meeting stands out as the most significant assembly of world leaders in San Francisco since the 1940s. While in Washington, D.C., anticipation had built at the White House for weeks leading up to the APEC summit, featuring a crucial face-to-face meeting between President Joe Biden and President Xi Jinping.

The city had also welcomed senior U.S. officials, ministers, delegates, business leaders, and journalists for the APEC Economic Leaders’ Week (AELW). President Biden spotlighted the robust U.S. economy, enduring ties with Asia-Pacific, job-creating investments, and the U.S. economy's role in global growth. The APEC also concluded with the APEC Annual Ministerial Meeting Leaders' Plenary and the APEC Business Advisory Council Dialogue.

The AELW wrapped up a series of meetings across Honolulu, Palm Springs, Detroit, and Seattle. Delegates from the 21 member economies engaged in discussions on supply chain resilience, innovation, technology, clean energy, and more. The APEC CEO Summit's final day showcased speakers such as President Biden, the Presidents of Indonesia and Peru, Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Salesforce CEO Marc Benioff, and leaders at Meta.

APEC member economies collectively represent nearly 40 percent of the world's population and contribute to about half of global trade, according to the organization's website. During today’s last meeting, leaders also brought out the topic related to labor and the workforce. Restating the critical role the workforce is playing and committing to improving their welfare, which could lead to entire social economic growth ultimately.
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