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APEC leaders, including Trump, agree on free trade

APEC leaders, including Trump, agree on free trade

13 Sept 19:57 Key points summarised by AI
  • APEC leaders, including U.S. President Donald Trump, issued their first joint statement since 2017, pledging to work towards free, open, and non-discriminatory trade and investment to revive coronavirus-battered economies.
  • The COVID-19 pandemic eclipsed past trade disputes, shifting APEC's focus to accelerating economic recovery, developing affordable vaccines, and refraining from protectionist measures to keep markets open.
  • Leaders adopted the Putrajaya Vision 2040, a new 20-year growth vision, aiming to build an "open, dynamic, resilient and peaceful region" by 2040, while also agreeing to deepen regional integration towards a massive free trade agreement.
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