The ceremony, which will see the diplomatic representatives of the 21 Member Economies of APEC come together, will decree Peru’s role as host during the year-long event. 127 meetings will take place in Lima and in nine cities selected: Arequipa, Callao, Chiclayo, Cusco, Iquitos, Puno, Piura, Tacna, Tumbes and Trujillo. This will open production and commerce markets to the rest of the country. The theme for APEC PERU 2008 is "A new commitment to the development of the Asia-Pacific", with an emphasis on stregthening personal and economic development, and by doing so, include a vital approach to the major issues that affect the area, such as personal security and sustainable economic growth.
The event will feature various activities, including conferences, seminars and workshops, which topics will include the fishing industry, conservation of marine resources, genetic research, education, academic aspects of APEC, energy, telecommunications, transportation, secure commerce in the region, security, small and large business, and the youth of APEC, among others.
APEC’s pinnacle week will take place during November 16 to 23, and will see the leaders of the 21 Member Economies, APEC Secretariat officials, the Secretariat of the Association of South East Asia Nations (ASEAN), the Economic Cooperation Council of the Pacific (PECC), the Secretariat of the Pacific Islands Forum (PIF), the PEC Business Advisory Council (ABAC) and guests from the private and public sectors who have been accepted beforehand.
In 1998, Peru, along with Russia and Vietnam, joined APEC. By doing so, they joined the most dynamic economic community in the world, which manages 48% of global commerce and represents 2,600 billion residents of the Asia-Pacific region.