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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

November 20, 2024

What Did the APEC Summit Mean for Latin America?

The two-day Asia-Pacific Economic Cooperation summit wrapped up last Saturday in Lima. Among the developments was a meeting between outgoing U.S. President Joe Biden and Chinese President Xi Jinping. // Photo: Xinhua.

Q

A

Jorge Heine, research professor at the Pardee School of Global Studies at Boston University and former Chilean ambassador to China: “The most significant development at the APEC gathering in Lima was the meeting between Presidents Biden and Xi to review the U.S.-China agenda and to agree that the management of nuclear weapons will not be left in the hands of artificial intelligence. Peru, which hosted its third APEC summit, added quite a feather to its diplomatic cap, with the opening of the $3.6 billion deep-water Port of Chancay, which will cut travel time for cargo from South America to Asia from 35 to 25 days. This shows Peru’s success in focusing on the Asia-Pacific region for its foreign trade and foreign direct investment. Peru is one of only six countries in the world to have free trade agreements with both the United States and China and has effectively applied a policy of active nonalignment. Chilean President Gabriel Boric held…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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