Representatives from 21 members of the Pacific Rim are meeting in Peru for the Asia-Pacific Economic Cooperation (Apec) forum, with major world leaders in attendance. The annual gathering brings together countries that account for almost two-thirds of global GDP and half the world's trade. Discussions will focus on inclusive growth, climate issues, and global infrastructure. US President Joe Biden will meet with Chinese President Xi Jinping and other leaders. The summit is overshadowed by the inauguration of a new megaport that will boost trade between China and South America.