Prime Minister Anthony Albanese has joined with leaders from across the region in Lima, Peru for the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting.
APEC is the leading economic and trade forum for our Asia-Pacific region.
Keeping trade free, fair and open benefits all Australians. One in four Australian jobs are related to trade, and around 75 per cent of Australia's total trade is with APEC members.
During the meeting, Prime Minister Albanese called for further regional economic cooperation and progress towards digital trade, which will make trade faster, easier and cheaper for businesses and consumers.
Leaders discussed the transition to net zero, with Prime Minister Albanese sharing Australia’s ambition to become a renewable energy superpower and highlighting the economic and job opportunities this will present.
Prime Minister Albanese joined leaders to endorse the 2024 APEC Leaders' Declaration that advances inclusive and interconnected trade initiatives. The declaration sets out APEC’s work in trade facilitation, services trade, digital trade, agricultural sustainability, and gender equality and inclusion.
In the sidelines of the APEC Leaders' Summit, the Prime Minister met with Peruvian President Boluarte, Indonesian President Prabowo, and Singaporean Prime Minister Wong.
The Prime Minister will now travel to Brazil for the G20 Leaders' Summit.
Quotes attributable to Prime Minister Anthony Albanese:
"With one in four Australian jobs connected to trade, forums like APEC are vital to keep trade free and open.
"Australia is committed to working through APEC to achieve strong, sustainable and inclusive growth.
"I congratulate Peru and President Boluarte on a successful APEC and look forward to working closely with the Republic of Korea as host of APEC in 2025."