Beautiful Virgin Islands

Saturday, Mar 14, 2026

APEC pledges to boost trade as geopolitical rifts hijack regional summits

APEC pledges to boost trade as geopolitical rifts hijack regional summits

Leaders of the 21-member APEC bloc pledged on Saturday to boost trade and do more to tackle other economic challenges, wrapping up the last of three summits in the region in a week that have been overshadowed by intense geopolitical rivalry.

The summits have been attended by global leaders, and the talks have often been disrupted by friction spilling over from the war in Ukraine as well as flashpoints such as the Taiwan strait and the Korean peninsula.

A Southeast Asian summit that included China, Japan and the United States was held in Cambodia, while the Group of 20 (G20) major economies met on the Indonesian island of Bali.

The opening of the Asia-Pacific Economic Cooperation (APEC) meeting was interrupted on Friday when Vice President Kamala Harris, who is heading the US delegation, called an emergency gathering of allies on the sidelines to condemn North Korea after it test-fired an intercontinental ballistic missile capable of reaching the United States.

On Saturday, Thai Prime Minister and APEC chair Prayuth Chan-ocha sought to bring the focus back to economic issues and said APEC made “significant progress” by agreeing a multi-year work plan for a Free Trade Area of the Asia-Pacific (FTAAP).

An APEC leaders’ declaration said the group would uphold and further strengthen a rules-based multilateral trading system, but also recognized more intensive efforts were needed to address challenges like rising inflation, food security, climate change and natural disasters.

“This year, we have also witnessed the war in Ukraine further adversely impact the global economy,” said the declaration, which said most members strongly condemned the war.

At the G20 meeting in Indonesia, members unanimously adopted a declaration that said most members condemned the Ukraine war but also acknowledged some countries saw the conflict differently.

The APEC leaders echoed the G20 declaration as they referred to UN resolutions that deplore Russia’s aggression and demand its complete and unconditional withdrawal from Ukraine, but also noted a variety of opinions.

“There were other views and different assessments of the situation and sanctions. Recognizing that APEC is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy,” the bloc said.

Russia is a member of both G20 and APEC but President Vladimir Putin has stayed away from the summits. First Deputy Prime Minister Andrei Belousov is representing him at APEC.


‘Brazen violation’


The US city of San Francisco will host the next APEC summit and Prime Minister Prayuth handed over the chair to Vice President Harris at a ceremony.

“We are ready to conduct a seamless cooperation with them,” he said, while presenting Harris with a “chalom,” a woven bamboo basket used to carry goods and gifts in Thailand.

A day earlier, North Korea’s missile test just an hour before the APEC forum was inaugurated prompted Harris to call an emergency meeting with leaders from Australia, Japan, South Korea, Canada and New Zealand.

“This conduct by North Korea most recently is a brazen violation of multiple UN Security Council resolutions,” Harris said.

Friday’s launch came after US President Joe Biden met his Chinese counterpart Xi Jinping on Monday in Bali and said Beijing has an obligation to try to talk North Korea out of resuming nuclear testing, while adding that it was unclear whether China would be able to sway Pyongyang.

Harris briefly met Xi on Saturday, a White House official said, adding that she had emphasized the importance to “maintain open lines of communication to responsibly manage the competition between our countries.”

Ties between the superpowers have been strained in recent years over issues like tariffs, Taiwan, intellectual property, the erosion of Hong Kong’s autonomy and disputes over the South China Sea.

Xi attended both the G20 and APEC summits and held a flurry of bilateral meetings, marking a return of the leader to the main stage of global diplomacy after China’s long spell of COVID isolation.

Warning against Cold War tensions in a region that is a focus for competition between Beijing and Washington, Xi said on Thursday that the Asia-Pacific was no one’s backyard and should not become an arena of big-power rivalry.

“No attempt to wage a new Cold War will ever be allowed by the people or by our times,” he told a business event linked to the APEC summit.

Set up to promote economic integration, APEC’s members account for 38 percent of the global population, and 62 percent of gross domestic product and 48 percent of trade.

Campaigners are keen to see leaders address issues such as food insecurity, surging inflation, climate change and human rights.

A reminder of grassroots demands came as Thai pro-democracy protesters clashed with police on Friday who responded by firing rubber bullets about 10 km (6 miles) from the central Bangkok summit venue.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Weak Growth Signals UK Economy Was Faltering Even Before Middle East Energy Shock
Marks & Spencer Tops UK Fashion Retail Rankings as Most Considered Brand
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Royal Navy to Acquire Twenty Uncrewed Surface Vessels for Autonomous Warfare Testing
Russia Summons British and French Envoys After Ukrainian Storm Shadow Strike on Strategic Facility
Starmer Confirms Britain Will Maintain Sanctions on Russia Despite U.S. Policy Shift
UK Moves to Refine AI Definition in Investment Security Reform
UK Economy Stalls in January as Growth Unexpectedly Falls to Zero
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Tesla Secures Approval to Supply Electricity Directly to Homes Across Britain
Prince William Delivers Tribute to Australia’s Naval Alliance Amid Renewed Royal Spotlight on the Country
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Putin’s ‘Hidden Hand’ May Be Assisting Iran in Conflict With Trump, UK Defence Secretary Warns
UK Sets April Deadline for Tech Platforms to Strengthen Online Protections for Children
Elon Musk Moves Into Britain’s Energy Market as Tesla Wins Licence to Supply Power
UK Watchdog Warns Fuel Retailers Against Profiteering Amid Iran War Price Surge
Report Claims Iran Used UK Charity Network to Expand Influence
United States and United Kingdom Establish Joint Standards for Counter-Drone Technology
Iran May Be Laying Naval Mines in Strait of Hormuz, UK Warns Amid Escalating Gulf Tensions
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
British Troops in Iraq Intercept Iranian Drones Targeting Coalition Base
Release of Mandelson Files Raises Tensions as UK Seeks Stable Relations With Donald Trump
UK Documents Reveal Starmer Was Warned About Mandelson’s Epstein Links Before Ambassador Appointment
Nearly Five Hundred UK Mortgage Deals Withdrawn in Two Days as Market Volatility Forces Lenders to Reprice
Three Cargo Ships Hit Near Iran as Attacks Spread to Strategic Strait of Hormuz
Why British Police Repeatedly Declined to Investigate Jeffrey Epstein’s UK Links
UK Parliament Ends Hereditary Seats in House of Lords, Closing Chapter on Centuries of Aristocratic Lawmaking
EU and UK Urge Israel to Act Against Rising West Bank Settler Violence Amid Regional Tensions
US Senator John Kennedy Says Keir Starmer Should Not Be Trusted for Military Advice Amid Iran War Debate
UK High Court Rejects Attempt to Revive Terrorism Charge Against Kneecap Rapper
Revolut Secures Full UK Banking Licence After Multi-Year Regulatory Wait
Kentucky’s Bench Boost Powers Wildcats Past LSU in SEC Tournament Opener
British Couple Die After Being Pulled From Water at Australian Beach During Family Visit
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
UK Ready to Back Emergency Oil Reserve Release as Middle East Conflict Pushes Prices Higher
Study of 40,000 Articles Sparks Debate Over Alleged Anti-Muslim Bias in UK Media
×