Q. Where was the Asia-Pacific Economic Summit 2024 held?
Answer: Lima, Peru
Notes: The 2024 Asia Pacific Economic Summit was hosted in Lima, Peru. US and Chinese leaders recently warned of challenging times ahead at an Asia-Pacific economic summit in Lima. Asia Pacific Economic Cooperation (APEC), formed in 1989, promotes free trade, investment, and economic cooperation for sustainable growth. APEC streamlines cross-border movement of goods, services, investments, and people by improving customs and aligning regulations. It has reduced trade barriers, boosting regional growth and trade. APEC has 21 “economies,” including the US, China, Japan, and others, covering 40% of the world’s population and 60% of global GDP. Annual meetings are held with decisions made by consensus and commitments taken voluntarily. APEC Secretariat is based in Singapore.

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