Following the meeting, numerous regional and subregional alliances were formed, including AFTA, NAFTA, and the Growth Triangle, which can drive very rapid economic growth through business partnerships in the tourism sector, economic expansion, and technological digitalization.
In addition to the advantages of the successful bilateral collaboration that takes place in the Asia-Pacific region, this region also offers a special geoeconomic situation supported by geographical circumstances that attracts many foreign investors. This is what leads the author to concur that the Asia-Pacific region's economic growth has accelerated to the point where it can now compete with that of Europe and the Middle East in terms of global economic dominance.
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