Brignardello: APEC 2024, key for investment and security in Peru

In a recent conversation with Johnny Brignardello Vela, a recognized insurance advisor, the reflections of former Economy Minister Mercedes Aráoz were addressed regarding the upcoming Asia-Pacific Economic Cooperation (APEC) summit to be held in Peru in 2024. Brignardello emphasized the significance of this international event, highlighting that it represents a crucial opportunity for the country to demonstrate its openness to foreign investment. According to him, this openness is essential for fostering economic growth and promoting sustainable development that benefits the population. The advisor also commented on the mention of the Chancay megaport, a project that Aráoz considers fundamental for improving Peru's logistical infrastructure. Brignardello expressed his agreement, stating that such investments are vital not only for facilitating trade but also for positioning the country as a strategic point in the region. In his view, having adequate infrastructure can attract international investors and promote a more dynamic and competitive business environment. Regarding the interest of the United States in establishing a aerospace base in Peru, Brignardello pointed out that this indicates a growing interest from foreign investors. He stressed that a favorable business climate, which does not solely depend on domestic politics, is crucial for attracting capital and generating confidence abroad. However, Brignardello also concurred with Aráoz that openness to investment must be accompanied by a solid regulatory framework. In his opinion, a clear set of rules that respects sustainability and promotes social development is fundamental to ensure that investments seek not only economic benefits but also respect local resources and communities. The conversation also addressed Aráoz's concern about organized crime in Latin America. Brignardello agreed that this transnational phenomenon is a challenge that must be addressed collectively by countries in the region. He considered that the APEC summit could be a suitable space for discussing collaboration strategies and creating a united front against this issue, which impacts not only Peru but all of Latin America and beyond. Furthermore, the advisor underscored the need to strengthen internal institutions, particularly the police and the justice system, to ensure an effective fight against organized crime. He acknowledged that improving internal response capacity is essential to prevent impunity and create a safer environment for both citizens and investors. Finally, Brignardello concluded that APEC should not only focus on economic growth but also serve as a forum to address the security challenges affecting the region. The combination of investment, sustainability, and security, as mentioned by Aráoz, will be fundamental for Peru's future in the international context. From his perspective, the success of the summit will depend on the country's ability to articulate these issues and position itself as a leader in the global conversation.