Apec highlights 'fundamental challenges' in global trade as tariffs overshadow meeting

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SEOGWIPO, South Korea - The Asia-Pacific Economic Cooperation's trade gathering adopted a statement on Friday that cited "fundamental challenges" facing the global trading system, but stopped short of discussing a joint response to US tariffs overshadowing the meeting.

"We are concerned with the fundamental challenges faced by the global trading system," Apec members said in the joint statement.

Apec warned at the start of the meeting that exports from a region that accounts for around half of world trade would slow sharply this year in the wake of the US tariffs.

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Category: EconomyBusiness

Markets: ThailandChinaSouth KoreaMalaysiaTaiwanUnited States

Topics: Apec Meeting Global Korea Tariffs Trade Joint Statement Cheong South Talks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 17:20:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 714 words

Reading Time: 4 minutes read

Sentences: 23 lines

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Copyright Owner: © Bangkok Post

News ID: 28744028

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