WASHINGTON DC (R-IA): Novosti. US President Joe Biden discussed with the leaders of the Asia-Pacific Economic Cooper-ation (APEC) countries the prospects for deepening economic interaction in the Indo-Pacific region, the White House said on Friday, commenting on the unification summit taking place these days.
“President Biden reaffirmed the US commitment to being a strong and reliable partner of the APEC economies in the pursuit of sustainable and inclusive growth. The President also discussed ways to unlock the region’s economic potential and deepen economic engagement with the United States throughout the Indo-Pacific region,” a written statement from the US administration.
In addition, at the summit, the US President reportedly focused APEC’s attention on the need to “develop a reliable and secure Internet, invest in cybersecurity and develop digital economy standards” that will prepare the countries of the union for future challenges.
APEC’s two-day annual meeting of economic leaders takes place online on Thursday and Friday and is chaired by New Zealand.
The APEC Forum, which first met in 1989, currently includes Australia, Brunei, Vietnam, Indonesia, Canada, China, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, USA, Thailand, Philippines, Chile, South Korea, Japan, and the Chinese territories of Hong Kong and Taiwan… In APEC, it is customary to use the term “economy” instead of the words “country” and “state.” In addition to the leaders of the countries (economies) that are members of the forum, the leaders of large corporations, business communities of the Asia-Pacific region and leading experts on regional and world problems also take part in the events of the annual APEC leadership meetings.
APEC countries are home to 2.9 billion people. APEC members account for 61% of world GDP, 47% of international trade turnover.
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