Chinese President Xi Jinping called for strengthened cooperation among Asia-Pacific Economic Cooperation (APEC) members to safeguard multilateral trade frameworks during the 32nd APEC Economic Leaders' Meeting in Gyeongju, the Republic of Korea (ROK). The remarks came during Friday's opening session, emphasizing collective action to address global economic challenges.
A Call for Collaborative Progress
Xi highlighted the need for APEC members to reject protectionism and promote open regionalism, stating that 'upholding the multilateral trading system is vital for sustainable growth.' The meeting, attended by leaders from 21 APEC economies, focused on post-pandemic recovery strategies and digital transformation in trade.
Regional Stability & Global Impact
Analysts note Xi's address aligns with broader efforts to stabilize supply chains and foster innovation-driven development across Asia. With APEC members accounting for nearly 50% of global trade, the outcomes of these discussions could significantly influence investment trends and market confidence worldwide.
