APEC, also known as the Asia-Pacific Economic Cooperation, was founded in 1989 as a platform to harness the increasing interdependence of the Asia-Pacific region. With 21 member countries, APEC strives to foster prosperity for the people of the region by advocating for balanced, inclusive, sustainable, innovative, and secure growth. The term “economies” is used to refer to APEC members due to the organization’s primary focus on trade and economic matters, where member countries interact with each other as economic entities.
What Does APEC Do?
APEC guarantees the smooth movement of goods, services, investments, and people across borders. Its members promote this trade by implementing quicker customs procedures at borders, creating more favorable business environments within their own countries, and harmonizing regulations and standards across the region. APEC’s efforts to synchronize regulatory systems are crucial in integrating the Asia-Pacific economy. This allows products to be exported more easily, as they only need to meet one set of common standards across all economies.
aPEC summit 2023 venue
The United States will host several APEC meetings throughout the year. The first meeting will be held in Palm Springs in February, followed by the Ministers Responsible for Trade Meeting and other related meetings in Detroit, Michigan in May. The final preparatory meeting will take place in Seattle in September. The APEC Economic Leaders’ Week will conclude the year in San Francisco in November 2023.
aPEC summit 2023 theme
November 11-17, 2023
aPEC summit 2023 attendees
- Brunei Darussalam
- People’s Republic of China
- Hong Kong, China
- Republic of Korea
- New Zealand
- Papua New Guinea
- Russian Federation
- Chinese Taipei
- United States of America
- Viêt Nam
aPEC summit 2023 attendees
The Logo represents the membership of APEC by showcasing the Pacific half of the globe. The green and blue colors symbolize the hopes and dreams of the people in the Asia Pacific region for a prosperous, healthy, and secure life. Meanwhile, the white color signifies peace and stability.
xi jinping apec san francisco
The White House has announced that US President Joe Biden and Chinese President Xi Jinping will have their first face-to-face meeting in a year on Wednesday. This high-stakes diplomacy is aimed at reducing tensions between the two superpowers. The meeting, which will take place during the Asia-Pacific Economic Cooperation (APEC) summit in the San Francisco Bay Area, is expected to involve teams of officials from both Beijing and Washington and could last for several hours.
joe biden xi jinping apec meeting
It is expected to cover global issues from the Israel-Hamas war to Russia’s invasion of Ukraine, North Korea’s ties with Russia, Taiwan, the Indo-Pacific, human rights, fentanyl, artificial intelligence, as well as “fair” trade and economic relations, senior Biden administration officials said.
- -One unnamed US official emphasized that there would be no holding back and that everything would be up for discussion during a briefing with reporters.
- -US officials have been advocating for this meeting for almost a year, as they believe that Beijing has been actively undermining US policies worldwide.
- The White House officially confirmed the meeting on Friday, while the Chinese foreign ministry announced that President Xi would visit the United States from November 14th to 17th, attending the APEC summit and meeting with President Biden.
- -The White House confirmed the day of the meeting in a statement on Friday. The Chinese foreign ministry said on Friday that Xi would visit the United States 14-17 November, attend the Apec summit and meet with Biden.
- -This will be the first conversation between Biden and Xi since November 2022, despite their stark ideological differences. The US president’s team has made significant diplomatic efforts to mend the strained relations, particularly after an incident involving a suspected Chinese spy balloon in US airspace.
- However, achieving substantial progress will be challenging. US and Chinese officials acknowledge that both countries now view themselves as engaged in a direct competition to gain a military advantage, dominate the 21st-century economy, and win the support of second-tier nations
- -The careful planning of Xi’s visit may face disruptions in the restless city of northern California, which has a history of left-wing protests and unrest.
- -Despite having known each other for over a decade and engaging in multiple conversations since Biden’s inauguration, both Biden and Xi approach the negotiations with mutual suspicion, grievances, and a somewhat distorted understanding of each other’s intentions, according to analysts.
- -Biden, who is 80 years old, leads an economy that has surpassed expectations and outperformed most other developed nations in the aftermath of the Covid-19 pandemic. Despite facing domestic unpopularity, he seeks re-election amid concerns about the stability of US democracy.
- -Xi, who is a decade younger than Biden, has consolidated significant power and is considered the most influential Chinese leader since Mao Zedong. He has tightened control over policies, state leaders, the media, and the military.