Joe Biden to Participate in APEC Leaders' Virtual Retreat on Covid-19

United States.- President Joe Biden, will participate this Friday at the Virtual Retreat of Leaders of Asia-Pacific Economic Cooperation (APEC), where leaders will discuss ending the COVID-19 pandemic and supporting global economic recovery, hosted by Prime Minister Ardern of New Zealand.

In a statement issued by the White House, it also reported that the participation of the President Biden It will demonstrate that the United States, leadership in the Indo-Pacific region and the president’s commitment to multilateral institutions.

As the first commitment of President Biden with many of the leaders of APEC, particularly those from Southeast Asia, he will emphasize the importance he places on the region, as well as his vision of a free and open Indo-Pacific.

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Provide an update to leaders on what USA, is doing to serve as a vaccine arsenal for the region and to support all who suffer COVID-19.

It will also advance an economic agenda that promotes our shared prosperity, harnesses the economic potential in the region, and builds inclusive and resilient economies.

This is the first time that the APEC It is hosting an additional summit of its 21 leaders outside of its regular schedule, and the goal of the summit is to address vaccination programs, measures for greater regional coordination for recovery, and support for inclusive and sustained long-term growth.

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Forum APEC, Founded in 1989, it represents 60% of world GDP, more than half of global trade, forms a market of about 2.85 billion consumers – 40% of the world population – and aims to establish a free trade zone between the 21 member economies, as reported by EFE.

The economies that make up the APEC are Australia, Brunei, Canada, Chile, China, South Korea, USA, Philippines, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Taiwan, Thailand and Vietnam.


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