US highlights progress and key meetings with China in APEC for a more peaceful region

Rate this post

San Francisco (USA), Nov 13 (EFECOM).- The US Secretary of the Treasury, Janet Yellen, stressed this Monday that the Asia-Pacific Economic Cooperation Forum (APEC), of which the US. is hosting its 30th edition, it has brought progress towards a more "open, dynamic, resilient and peaceful" region.

"We have advanced our shared vision of making a more open, dynamic, resilient and peaceful Asia-Pacific region through financial commitments," Yellen said at a press conference after chairing the ministerial meetings held in San Francisco (USA). .) with their counterparts from the 21 participating economies.

The forum, which continues until Friday and will feature meetings of the foreign ministers and later the leaders' summit, has as its highlight the meeting between the head of the US Executive, Joe Biden, and that of China, Xi Jinping, the Wednesday.

A key event to stabilize the competition between the two most important powers in the world and try to prevent an open conflict in the face of its constant sources of tension.

"The responsible management of economic relations between the United States and China has also been a key priority during my stay in San Francisco (...) President Biden and I pursue a healthy and stable economic relationship with China," highlighted Yellen, who met with Chinese Finance Minister Lan Fo'an at APEC on Sunday.

The US representative - who also recently met with Chinese Vice Premier He Lifeng - stressed that she hopes these meetings will serve to "deepen communication, stabilize the relationship and advance key political issues."

Likewise, Yellen reported that the high-level economic meetings at APEC, which began on Sunday and concluded today, had a sharing of global economic perspectives by the members in which the war between Israel and Hamas came up.

In that sense, although "the economic impact" of this conflict has not yet been seen, according to the US Treasury Secretary, APEC partners agreed to "work to do everything within their power to try to contain it."

The APEC economies represent almost 60% of the world's GDP and their economic meetings have been mainly oriented towards the implementation of policies committed to the environment in a commitment to sustainable finance.

"APEC members have confirmed their interest in applying policies that expand productive capacity and, at the same time, achieve results such as reducing inequality and protecting the environment," explained Yellen, who stressed the need to subscribe "credible climate commitments."

Finally, the use of digital assets - whether unbacked cryptoassets or digital currencies issued by central banks - was also discussed in these ministerial meetings, where the US praised "the leadership of many economies" and of APEC in this regard, but he emphasized the need for "adequate regulation because of the risks they entail."

APEC, a forum founded in 1989 that currently represents approximately 40% of the planet's population, brings together 21 territories in Asia and America bathed by the Pacific Ocean: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan , South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, United States and Vietnam. EFECOM



Author Profile

Nathan Rivera
Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.

My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.

What sets me apart is my unwavering commitment to uncovering the truth. I refuse to settle for superficial answers or preconceived narratives. Instead, I constantly challenge the status quo, delving deep into complex issues to reveal the reality beneath the surface. My dedication to investigative journalism has uncovered numerous scandals and shed light on issues others might prefer to ignore.

I am also a staunch advocate for press freedom. I have tirelessly fought to protect the rights of journalists and have faced significant challenges in my quest to inform the public truthfully and without constraints. My courage in defending these principles serves as an example to all who believe in the power of journalism to change the world.

Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.

At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.