APEC summit | DD News

November 1, 2025 1:25 PM

Asia-Pacific leaders call for shared trade benefits as APEC summit wraps up

Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasized the need for resilience and shared benefits in trade at the end of the annual APEC summit on Saturday. The Asia-Pacific Economic Cooperation leaders summit, hosted by South Korea this year, unfolded under the shadow of rising geopolitical tensions and aggressive economic strategies - ranging from U.S. tariffs to China's export controls - that have pressured global trade. Ahead...

October 31, 2025 4:32 PM

APEC official says member countries working hard for consensus on trade

Most Asia-Pacific countries want and are heading in the direction of free and open trade, a senior official at the Asia-Pacific Economic Cooperation (APEC) secretariat said, as U.S. President Donald Trump's tariffs overshadowed the forum's annual summit. Carlos Kuriyama, Director of the Policy Support Unit, also told Reuters on Friday that he was confident the summit would reach a joint declaration, noting that all member countries, including the U.S., were working hard on it. "I think many AP...

October 30, 2025 4:26 PM

APEC summit in South Korea close to reaching consensus, after Trump leaves

Member countries of the Asia-Pacific Economic Cooperation (APEC) forum are close to reaching a consensus on a joint declaration at the annual summit in South Korea starting Friday, the host country's foreign minister said on Thursday. APEC is a non-binding 21-member forum accounting for 50% of global trade and 61% of GDP, and this year's meeting has been overshadowed by U.S. President Donald Trump's protectionist policies. "We are very close," Minister Cho Hyun said at a joint briefing with Mi...

October 30, 2025 10:22 AM

Trump, Xi talks offer hopes for US-China trade thaw

U.S. President Donald Trump held talks with China's Xi Jinping at a South Korean air base on Thursday, with both leaders sounding optimistic about cooling trade tensions between the world's two largest economies. The talks in the southern port city of Busan, their first face-to-face meeting since 2019, marked the finale of Trump's whirlwind Asia trip on which he also touted trade breakthroughs with South Korea, Japan and Southeast Asian nations. "We are going to have a very successful meeting,...

October 26, 2025 10:38 AM

South Korea unveils its Monster Missile in response to North Korea’s hypersonic test

The Korean Peninsula is on edge again. North Korea has flexed its muscles with a bold, new missile test -- firing what it called a "cutting-edge" hypersonic weapon. This wasn't just-another launch. It was a high-stakes message, timed perfectly to rattle nerves barely a week before Trump's visit to the region. Trump will touch down in South Korea on 29th October for the APEC summit after concluding a visit to Japan. The latest test took place on 22nd October. North Korea is reported to have tes...