Today I arrive in Peru for the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting.
In Lima, I will discuss initiatives that will create Australian jobs and drive economic growth with my ministerial counterparts from the 21 APEC economies.
With my APEC counterparts, I will work to increase trade in services, a sector employing four out of five Australians. This "Services Roadmap" will help boost Australian services such as education, finance and logistics.
We will also conclude a study on the Free Trade Area of the Asia-Pacific (FTAAP),which sets out agreed actions towards a future free trade zone. A high-quality FTAAP would facilitate greater market access, through a more level playing field, for Australia's exporters.
APEC promotes open markets for trade and investment, as well as economic and regulatory cooperation. APEC members account for 72 per cent of Australia's trade in goods and services and 57 per cent of the world's GDP.
Australia's links with Peru, this year's APEC host, are expanding. I will meet Peruvian ministers and representatives from some of the almost 90 Australian companies which have invested in Peru.
- Trade Minister's Office: (02) 6277 7420
- DFAT Media Liaison: (02) 6261 1555