RCEP boosts trade ties among APEC members and supports development [Video]

“Trade and investment for inclusive and interconnected growth” is a key focus of the APEC Peru 2024 agenda. However, as a broad forum dedicated to promoting free trade and economic integration, APEC does not have any legally binding agreements for economic cooperation. Over the years, various regional trade agreements involving APEC members have significantly strengthened trade relations, with the Regional Comprehensive Economic Partnership being one notable example.