At the 32nd APEC Economic Leaders’ Meeting in Gyeongju, the Republic of Korea, Chinese President Xi Jinping took center stage on Friday, urging all APEC members to stand united in defending the multilateral trading system 🌏🤝.
In his opening remarks, Xi highlighted how free and fair trade across borders helps economies—big and small—grow together. “In a world facing complex challenges, we must strengthen cooperation, deepen integration, and keep the spirit of open markets alive,” he said.
What’s at stake? Multilateral trading rules set by the World Trade Organization help prevent tit-for-tat tariffs and protect exporters and importers alike. For young entrepreneurs and investors tuning in, this means more predictable markets, smoother supply chains, and better chances to expand beyond local borders.
APEC’s Asia-Pacific membership spans economies from the Chinese mainland and the United States to regions like Hong Kong, Macao, and Taiwan authorities. Together, they account for around 60% of world GDP and cover roughly half of global trade.
As digital tech, green energy, and post-pandemic recovery reshape markets, Xi’s call reflects a broader push to keep doors open. For students and researchers, it’s a reminder of how international frameworks shape everyday life—from the price of your online purchases to the arrival time of goods you order.
The session wrapped up with agreement to explore new pathways for sustainable growth and digital cooperation. Whether you’re a startup founder, a student, or a traveler, a strong multilateral trading system can power your next big idea ✨.
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Xi urges APEC members to jointly uphold multilateral trading system
cgtn.com
