Peru is gearing up to host the Asia-Pacific Economic Cooperation (APEC) Forum for the third time in November 2024, a move that underscores its growing significance on the global stage. This event not only highlights Peru's favorable business and trade environment but also its dedication to fostering sustainable economic growth worldwide. The Commission for the Promotion of Peru for Export and Tourism (PROMPERÚ) points to the country's stable investment climate, bolstered by progressive policies and consistent economic expansion. With 22 trade agreements spanning 58 partners, Peru's economic network encompasses 82% of the world's GDP, showcasing its deep integration into the global economy.
Strategically located on South America's west coast, Peru offers unparalleled access to markets in Asia, North America, and Europe. This geographic advantage, combined with significant infrastructure projects like the new Chancay Multipurpose Port and the upcoming Lima international airport, positions Peru as a pivotal trade hub in the region. These developments are expected to enhance Peru's trade relations, particularly with major Asian economies, and solidify its status as a global commercial center.
The Peruvian economy presents a wide array of investment opportunities across various sectors, including renewable energy, agribusiness, and high technology. The rise of innovation and entrepreneurship in Peru is further testament to its dynamic economic landscape. Beyond its economic prowess, Peru's rich cultural heritage and advanced tourist infrastructure make it an ideal setting for international gatherings. Cities such as Lima, Cusco, and Arequipa are ready to host over 160 meetings during the APEC Forum, offering delegates a glimpse into Peru's historical and natural wonders, alongside its world-famous cuisine.
The importance of the Asia-Pacific region to Peru's economy is evident in recent trade statistics, with APEC economies accounting for 67% of Peru's foreign trade in 2023. The diversity of Peru's exports, including non-mineral energy products valued at over USD 11,030 million, reflects the country's broad economic base. Additionally, tourism from APEC countries plays a significant role in Peru's economy, with more than 1.2 million visitors in 2023.
APEC 2024 is set to be a landmark event for Peru, reinforcing its leadership in the Asia-Pacific region and its reputation as a key trading partner. The forum will also highlight Peru's commitment to sustainable and responsible business practices, encouraging investments that prioritize environmental conservation and community benefits. As Peru prepares to welcome the global community, APEC 2024 offers a unique platform to showcase the country's economic potential, cultural diversity, and strategic role in shaping the future of international trade and cooperation.
