Americas Partnership for Economic Prosperity

President Biden speaking in front of Summit of the Americas branding — President Joe Biden delivers remarks at the inaugural ceremony of the Ninth Summit of the Americas, Wednesday, June 8, 2022, at the Microsoft Theater in Los Angeles. (Official White House Photo by Erin Scott)

In June 2022, President Biden announced the Americas Partnership for Economic Prosperity, or “Americas Partnership,” at the Summit of Americas in Los Angeles, California. The Americas Partnership charts a path forward to tackle economic inequality, foster regional economic integration and good jobs, and restore faith in democracy by delivering for working people across the region.

Participating Countries

Barbados

Canada

Chile

Colombia

Costa Rica

Dominican Republic

Ecuador

Mexico

Panama

Peru

Uruguay

United States

About the Partnership

Under Secretary of State for Economic Growth, Energy and the Environment Jose W. Fernandez explains the goals of the Americas Partnership.

Total of 12 people standing with the President of the United States in front of country flags and building — On November 3rd, 2023 President Biden hosted the leaders of the 12 countries of APEP: Barbados, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Panama, Peru, and Uruguay. (Official White House Photo)

In November 2023, President Biden brought together the leaders of the APEP countries at the White House to “Increase opportunity and decrease inequity; to harness the incredible economic potential of the Americas; and to make the Western Hemisphere the most economically competitive region in the world. (full remarks)

Together the leaders of the APEP nations declared:

Launching a new investment platform to channel billions of dollars in financing for sustainable infrastructure
Standing up a new accelerator program to support and steer investment to hundreds of up-and-coming entrepreneurs
Providing grants to expand infrastructure and social services for migrants and their host communities
Helping develop a robust regional workforce in the digital technology sectors of the future
Creating a new fund to catalyze investment in innovative climate financing solutions

Key Initiatives Announced at the November 2023 Summit include:

APEP Summit Releases:

Leaders Declarations:

“We have the capacity to transform our shared hemisphere, building on the diversity, talent, and dynamism of our peoples.”

Ministerial to advance the Americas Partnership for Economic Prosperity

On January 27, 2023, Secretary of State Antony J. Blinken and United States Trade Representative Ambassador Katherine Tai co-hosted a ministerial level event to advance the Americas Partnership with representatives from the initial Western Hemisphere countries who will join them to endorse the principles and goals of the initiative.

On January 27, 2023, Secretary of State Antony J. Blinken and United States Trade Representative Ambassador Katherine Tai hosted a virtual ministerial event to advance the Americas Partnership for Economic Prosperity.

“This dialogue marshals the strength, ingenuity, and diversity of an incredibly dynamic region. We’re 90 percent of the Western Hemisphere’s GDP. Nearly two-thirds of its population. There is nothing we can’t do together.”

Antony J. Blinken
Secretary of State

“The Americas Partnership is a part of our pursuit of a worker-centered trade policy. It will be a new type of economic arrangement, anchored on cooperation to build our economies from the bottom up and the middle out.”

KAtherine Tai
United States Trade REpresentative