The 32nd APEC Economic Leaders' Meeting commenced in Gyeongju, the Republic of Korea, on Friday, bringing together leaders from 21 member economies to strengthen regional collaboration and address pressing economic challenges. Under the theme "Building a Sustainable Tomorrow," discussions focus on enhancing supply chain resilience, accelerating digital transformation, and promoting green energy solutions.
"This gathering represents a critical juncture for aligning our visions," said a senior official during opening remarks, emphasizing APEC's role in fostering inclusive growth across the Asia-Pacific. Established in 1989, the forum now accounts for nearly 40% of global trade and 60% of world GDP.
Key agenda items include harmonizing cross-border data policies, addressing semiconductor supply chain vulnerabilities, and establishing shared benchmarks for carbon-neutral industries. Observers note the outcomes could shape investment trends in renewable energy infrastructure and AI-driven technologies across Asian markets.
Gyeongju, a UNESCO World Heritage Site known for its ancient Silla dynasty relics, provides a symbolic backdrop for discussions bridging historical trade routes with modern economic networks. The summit concludes Saturday with a joint declaration outlining actionable commitments.
