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APEC leaders pledge support amid global headwinds

APEC leaders pledge support amid global headwinds

13 Sept 07:23 Key points summarised by AI
  • APEC leaders strengthen regional cooperation: They adopted the Gyeongju Declaration to navigate global economic uncertainty, technological shifts, and demographic changes, targeting an open, resilient Asia-Pacific by 2040.
  • Prioritize strategic initiatives: Commitments include bolstering trade and investment, launching an APEC AI Initiative for capacity building, and establishing a framework to address aging populations and declining birth rates.
  • Thailand proposes significant regional contributions: Prime Minister Anutin outlined Thailand's vision as a regional "bridge" with a landmark "land bridge" project and declared intent to join the OECD by 2030, aligning with APEC's connectivity and sustainability goals.
  • Declaration signals cautious recalibration: Amid trade tensions and supply chain disruptions, leaders are re-evaluating the "rules-based" free trade order, focusing on collective benefits and resilience rather than simply restoring past frameworks.
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