"Asian and Pacific Rim leaders have pledged their support for trade and investment that benefits all, concluding a summit dominated by an agreement between the leaders of the United States and China to call a truce in their trade war. The declaration by the Asia-Pacific Economic Cooperation (APEC) leaders on Saturday came after US President Donald Trump and his Chinese counterpart, Xi Jinping, earlier agreed to lower the temperature in the heated US-China rivalry during a high-stakes summit held on the sidelines of the event."
"Xi, who has cast China as a defender of multilateralism and free trade, told the opening of the event on Friday that countries needed to work together as they faced an increasingly complex and volatile global environment. In their declaration, the APEC leaders said robust trade and investment were vital to the region's growth, and stressed their commitment to deepening economic cooperation to navigate the evolving global environment."
Gyeongju hosted a summit where Asian and Pacific Rim leaders pledged support for trade and investment that benefits all. The meeting was dominated by a US-China agreement to call a truce in their trade war after President Donald Trump and Xi Jinping agreed to lower tensions during a high-stakes sideline summit. Xi framed China as a defender of multilateralism and free trade and urged cooperation amid a complex, volatile global environment. APEC leaders declared robust trade and investment vital to regional growth, committed to market-driven economic integration, experience sharing, capacity building, business engagement, AI cooperation, and confronting demographic decline.
Read at www.aljazeera.com
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