A cross-section of Trade Ministers shared their thoughts on trade priorities in APEC alongside the 2016 APEC Ministers Responsible for Trade Meeting in Arequipa, Peru.
The statement describes actions to be taken by APEC economies to regain momentum and achieve shared goals of prosperity for the region’s people.
Peru's Minister of Foreign Trade and Tourism urged APEC to modernize trade policy to keep their economic and social progress on solid ground.
“Trade is the engine to reduce poverty,” said Magali Silva Velarde-Alvarez, Peru’s Minister of Foreign Trade and Tourism and Chair of the 2016 APEC Ministers Responsible for Trade Meeting, which begins on Tuesday.
The findings provide impetus for greater coordinated efforts in APEC to tackle these dual challenges.
Korea has donated additional funds in support of APEC projects that facilitate greater regional trade and improved living standards.