The Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week 2024 is underway in Peru, bringing together leaders and policymakers from across the region to discuss economic cooperation and development. Rebecca Fatima Sta Maria, the Executive Director of the APEC Secretariat, highlighted the pivotal role of trust-building in enhancing multilateral relationships.
“The value of APEC lies in our ability to build mutual trust and sustain conversations that have been taking place over the years,” Sta Maria stated. She emphasized that APEC remains focused on economies, not allowing politics and external noises to overshadow its primary objectives.
Sta Maria’s remarks underscore the importance of continuous dialogue and collaboration among APEC members. By fostering an environment where trust is paramount, APEC aims to facilitate economic growth and prosperity throughout the Asia-Pacific region.
The Leaders’ Week serves as a platform for economies to engage in meaningful discussions on pressing economic issues, develop strategies for collective progress, and reinforce partnerships.
As global challenges continue to evolve, the emphasis on trust and sustained communication becomes increasingly significant. APEC’s commitment to these principles demonstrates its dedication to fostering economic cooperation that benefits all members.
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APEC director: Trust-building gives value to multilateral bodies
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