APEC Leaders’ Week in Lima: Fostering Regional Integration and Green Hydrogen Development
Key Ideas
- 21 APEC member economies gathered in Lima to address key challenges and enhance policy collaboration in the Asia-Pacific region.
- Focus on supply chain connectivity, digitalization, and green hydrogen frameworks to promote regional integration.
- Expect increased investment in infrastructure to strengthen linkages between Asia and Latin America, benefiting economies in both regions.
- Member countries from the Pacific Alliance are anticipated to boost trade and investment in critical minerals for the transition to low-carbon economies in Asia-Pacific.
During APEC Leaders’ Week in Lima, the 21 member economies emphasized the importance of regional integration and cooperation to overcome trade and investment barriers. Led by the Peruvian presidency, discussions centered on supply chain connectivity, digitalization, and the development of green hydrogen frameworks in the region. This summit highlighted the deepening connections between Asia and Latin America, paving the way for increased infrastructure investment to enhance economic ties. Member countries from the Pacific Alliance are set to leverage their relationships to bolster trade and investment in essential minerals crucial for the shift to low-carbon economies in Asia-Pacific. In the long term, efforts will focus on further integration through agreements like the Trans-Pacific Partnership and the Free Trade Area of the Asia-Pacific to address challenges arising from global economic fragmentation.