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Nov 12, 2023

APEC leaders’ meeting in San Francisco

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FA News Desk

World leaders will gather for two days of meetings at the APEC summit in San Francisco through Friday. Asia-Pacific nations will discuss economic, environmental and geopolitical matters at the gathering.

Western city of the United States of America (USA) San Francisco is ready to host the 21 countries’– Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, South Korea, Taipei, Thailand, United States of America, Viêt Nam– one economy club Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week (AELW).

AELW will bring 21 APEC Economic Leaders, ministers, the private sector, and other stakeholders together to engage on global challenges.

A regional economic forum APEC was established in 1989 to advance economic policies in the Asia-Pacific region to promote free, fair, and open trade and investment and advance sustainable and inclusive economic growth along with to leverage the growing interdependence of the Asia-Pacific.

APEC Member Economies account for nearly 40 percent of the global population, nearly 50 percent of global trade, and more than 60 percent of U.S. goods exports. Additionally, these economies have made impressive direct investments in the United States estimated at 1.7 trillion dollars and employing 2.3 million American workers as of 2020.

Meanwhile, a huge crowd of protestors rallied in downtown San Francisco Sunday opposing the Asia-Pacific Economic Cooperation summit.

The APEC summit that will draw heads of state and over a thousand CEOs from 21 APEC member states is visiting from Nov. 11-17 in San Francisco.

The “mass mobilization” on Sunday kicked off a week of protests organized by the No to APEC Coalition.

The APEC Secretariat is based in Singapore and operates as the core support mechanism for the APEC activities.