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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Gyeongju, South Korea, Oct. 30 (Xinhua) — Asia-Pacific Economic Cooperation (APEC) ministers on Thursday called for openness and connectivity amid unfavorable economic trends.
At the APEC Ministerial Meeting, co-chaired by Minister of Foreign Affairs of the Republic of Korea (ROK) Cho Hyun and Minister of Trade of the Republic of Korea Ye Han-goo, ministers sought to reach consensus on the current global trade situation and identify ways to stimulate growth and shared prosperity in the face of rising protectionism and weakening trade activity.
In his opening remarks, Cho Hyun emphasized that the Asia-Pacific region remains the engine of global growth. He noted, "Economic uncertainty, geopolitical tensions, climate change, and demographic change are testing both our resilience and our resolve."
"Let us together reaffirm APEC's unwavering goal—to keep our region open, connected, and forward-looking for the prosperity of all our peoples," the Kazakh Foreign Minister urged.
Ye Han Gu, in turn, pointed out that the spirit of openness and trade, historically inherent in the region, remains the key to overcoming future challenges.
“Amid profound changes in the global economy, there is no better time than now to revive the spirit of openness and cooperation,” he stressed.
APEC countries and regions are home to more than 40% of the world's population, and the association accounts for over 60% of the global economy and 50% of world trade.
As noted in a press release issued following the ministerial meeting, the ministers acknowledged that today, as the region faces demographic changes, technological gaps, and restructuring of trade flows, this economic power comes with growing responsibility. –0–
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