The Alliance for Economic Prosperity in the Americas (APEP) committed to promoting greater competitiveness, investments and integration between the countries of the forum, among which is Uruguay.
The use of green hydrogen as clean energy and the development of a digital workforce were some of the axes that the countries outlined during a meeting held in Panama.
The meeting also analyzed the progress of the working groups related to the rule of law, development of sustainable health infrastructure, sustainable food production, water and basic health, and policies related to outer space.
The ambassador Lisa Kubiske, the highest ranking official representing USA in the APEP, and Kevin Sullivan deputy assistant secretary of the Office of Western Hemisphere Affairs of the Department of State, led the American delegation, while the host was the vice minister of Foreign Affairs of Panama, Yill Otero.
“The officers of the Foreign Affairs Council They also prepared to prepare reports to their respective ministers about the progress of our prosperity agenda,” Kubiske added, according to the official statement.
In addition to Uruguay, the United States and Panama, the alliance includes Barbados, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, and Peru. The initiative seeks to strengthen supply chains in the region and has private investment in association with the Inter-American Development Bank (IDB).
Does Uruguay face a regional competitor within APEP?
About a month ago, it became known that Argentina could enter the APEP, issue that was addressed by the Minister of Economy of the neighboring country, Luis Caputo, during his recent participation in the meeting that the IDB held in Punta Cana.
After the inauguration of the president Javier Milei in Argentina, Foreign investors see that country as a great business opportunity if it manages to stabilize its macroeconomy, with businesses such as lithium.
However, Uruguay It is well regarded internationally. The director of Strategy for the Western Hemisphere of the White House, Ramon Escobar, he commented to Ambit that the country “is an example of what is possible. And that gives confidence.”
“The president (Joe) Biden He told us that he was very excited about the president’s (Luis) will. Lacalle Pou in leading that initiative. The country has a lot to share with the region,” Escobar said.
Source: Ambito
