Under President Biden’s leadership, the U.S. host year of Asia-Pacific Economic Cooperation (APEC) has demonstrated that the United States is uniquely positioned to drive sustainable, inclusive, dynamic growth in one of the most vibrant and economically important regions in the world.
American businesses are the largest source of foreign direct investment in APEC economies. The United States’ strong and resilient economy remains an indispensable driver of prosperity and innovation across our partners in the Asia-Pacific. Our public and private sectors continue to deliver for APEC economies, catalyzing sustainable, high-quality investments that create good jobs within APEC member economies as well as in the United States.
Many of these investments also advance the Partnership for Global Infrastructure and Investment (PGI), President Biden and the G7’s flagship infrastructure initiative for leveraging the expertise and financing from the private sector to scale quality investments in low- and middle-income countries to generate economic growth.