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Semiconductors and Innovation: Costa Rica Reaffirms Leadership in the APEP

Last July, U.S. Secretary of State Antony J. Blinken met with Costa Rican Minister of Foreign

Affairs Dr. Arnoldo André to reaffirm the strong relationship between the two countries and

discuss key regional issues.


During the meeting, Secretary Blinken thanked Minister André for Costa Rica's leadership in

promoting sustainable and inclusive economic growth in the Americas, highlighting its pivotal

role in organizing the upcoming Americas Partnership for Economic Prosperity (APEP)

Summit, which will be held in Costa Rica in 2025.


The discussion also focused on joint efforts to strengthen democracy in the hemisphere,

manage migration humanely under the Los Angeles Declaration, and build a more secure

and prosperous future for the region.


As part of APEP activities, U.S. National Security Advisor Jake Sullivan expressed

satisfaction with the commitment of over $1 billion in initial investments from a diverse group

of investors to support entrepreneurs in Latin America and the Caribbean by 2030.

Minister André actively participated in the ministerial meeting, emphasizing the importance of

supporting entrepreneurs and attracting investments to drive regional development. "The

Americas Partnership for Economic Prosperity represents a unique opportunity for our

countries to work together towards a more prosperous and sustainable future. Costa Rica is

committed to leading these initiatives, particularly in key areas such as clean energy and

digital skills development" he stated.


The meeting also served to assess progress in various areas, including the rule of law, the

development of sustainable healthcare infrastructures, food production, access to clean

water, and space policies. Additionally, discussions included the use of green hydrogen as a

clean energy source and the development of a digital workforce.


In addition to Costa Rica and the United States, the Partnership includes Panama, Uruguay,

Barbados, Canada, Chile, Colombia, the Dominican Republic, Ecuador, Mexico, and Peru,

with the support of the Inter-American Development Bank (IDB) to strengthen supply chains

in the region.

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