APEC

After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of the region's major economies, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for four years. The 21 leaders from economies bordering the Pacific, including US President Joe Biden and Chinese President Xi Jinping, descended on Peru this week at a time when America's incoming president, Donald Trump, has vowed to withdraw the US from its leadership of a global free trade agenda. Few could help noting that Biden's late entrance to the traditional APEC family photo on Saturday lent itself to political metaphor, as the rest of the leaders prepared to pose onstage before looking around to find Biden missing. They tittered for five awkward minutes before a seemingly dazed Biden emerged and took his place in the far back corner, standing between Thailand's 38-year-old Prime Minister Paetongtarn

On Thursday, Taiwanese envoy held talks with US Secretary of State Blinken, where they discussed strengthening bilateral ties and ensuring peace and stability in the region

The industry's focus on quality products and sustainable manufacturing practices is helping to increase India's ready-made garment exports, which rose by 35 per cent in October, AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri also said that exports to countries with which India has a free trade agreement (FTA), such as Korea, Japan and Australia, are helping to increase its share of exports. Ready-made garment exports increased by 35 per cent year-on-year to USD 1.22 billion in the last month. During April-October this fiscal, the shipment grew by 11.6 per cent to USD 8.73 billion. Sekhri attributed this growth to the industry's emphasis on quality, sustainability and affordability, which has boosted demand from international buyers. "Our constant endeavour to be sustainable and affordable is a great attraction for international buyers which is reflected in recent months' exports growth," the Chairman said. Looking ahead, he said, India will hos

APEC leaders have worked together to find ways to build inclusive, resilient, and sustainable economies for the Asia Pacific, US President Joe Biden said on Friday at the conclusion of the annual leadership summit here. Attended by leaders from the Asia Pacific region, including those from China, Japan, South Korea, Chile, Peru, Indonesia, Malaysia, Vietnam, and Hongkong, the APEC Leadership Summit was hosted by the US president. The next summit will be held in Peru in 2024. Together we laid out the work we'll be undertaking to avert the worst impacts of the climate crisis, Biden said. The US companies have announced more than USD 500 billion in investments into APEC economies to build new subsea cables, decarbonise energy grids, and complete the largest US airline expansion into the South Pacific in history, Biden said. Alongside 13 of APEC partners, we've also made historic progress on the Indo-Pacific Economic Framework, with a first of its kind agreements to strengthen supply .

At the meeting, Biden also said he would keep working to advance a Pacific trade pact, even as his vision for a regional deal to counter China's influence stumbled over his bid to strengthen workers'

US President Joe Biden will meet Chinese President Xi Jinping on Wednesday in San Francisco on the sidelines of the 30th APEC summit

Following the meeting, the four ministers attended a session at the Raisina Dialogue and spoke largely about the convergence of interests of the Quad member nations

Foreign nationals holding a valid Chinese residence permit for study or an APEC business travel card will be allowed to enter China starting today

Tourism Ministers and delegates from the Asia-Pacific Economic Cooperation economies convened in Bangkok for making concerted efforts to accelerate tourism recovery in the region

According to Wazir Textile Index, almost all the top companies in the sector saw an increase in sales during the last financial year

Representatives of seven nations, including those who walked out of APEC meeting in Bangkok to protest Russia's invasion of Ukraine, said they support the organization and host nation Thailand

The walkout took place while the Russian representative was delivering remarks at the opening of the two-day meeting of the group of 21 economies.

Leaders of the Asia-Pacific Economic Cooperation group pledged on Friday to work to expand sharing and manufacturing of Covid-19 vaccines to fight the global pandemic

WELLINGTON (Reuters) -Leaders of the Asia-Pacific trade group APEC, including U.S. President Joe Biden, Russia's Vladimir Putin, and China's Xi Jinping, pledged on Friday to work to expand sharing and manufacturing of COVID-19 vaccines to fight the global pandemic.

This will be the most significant fall since the near-zero growth rate logged in 2009 during the global financial crisis, according to the APEC Secretariat

India's "no" to RCEP reflects one of the many opportunities it has missed to become a solid global manufacturing base

The abrupt move - which came after weeks of riots over inequality in Chile that have left at least 18 people dead - left the Asia-Pacific Economic Cooperation meeting in disarray

Pence warned smaller countries not to be seduced by China's massive Belt-and-Road infrastructure programme, which sees Beijing offer money to poorer countries for construction and development projects

The APEC forum closed on Sunday with a joint pledge to work toward a sweeping new free trade agreement

Panagariya, who advocated an outward orientation as a development strategy for India, emphasised the need to join trade agreements