Australia's Prime Minister Anthony Albanese, Brunei's Sultan Hassanal Bolkiah, Canada's Prime Minister Mark Carney, Chile's President Gabriel Boric, China's President Xi Jinping, South Korea's President Lee Jae-myung, Indonesia's President Prabowo Subianto, Japan's Prime Minister Sanae Takaichi, Malaysia's Prime Minister Datuk Seri Anwar Ibrahim, New Zealand's Prime Minister Christopher Luxon, Philippines' President Ferdinand Marcos Jr., Hong Kong's Chief Executive John Lee, Papua New Guinea's Deputy Prime Minister John Rosso, Russia's Deputy Prime Minister for International Affairs Alexei Overchuk, Singapore's Prime Minister Lawrence Wong, Thailand's Prime Minister Anutin Charnvirakul, Vietnam's President Luong Cuong, United States' Treasury Secretary Scott Bessent, Peru's Minister of Foreign Trade and Tourism Teresa Mera, Mexico's Minister of Economy Marcelo Ebrard, and Taiwan's Senior Advisor Lin Hsin-i pose for a group photo during the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, November 1, 2025. - Photo: Reuters
GYEONGJU, South Korea (Reuters): Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasised the need for resilience and shared benefits in trade at the end of the annual Apec summit.
The Asia-Pacific Economic Cooperation meeting, 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.
