APEC trade ministers met at a time of global economic uncertainty

DETROID (ANTARA) – Trade ministers of the Asia-Pacific Economic Cooperation (APEC) met “at a time of uncertainty and challenges in the global economy,” said US Trade Representative Katherine Tai on Thursday (25/5/2023) .

“We are facing a time of uncertainty and challenges in the global economy including fragile supply chains, increasing inequality and adverse weather conditions,” said Tai, chairman of the APEC 2023 Meeting of Ministers Responsible for Trade (MRT ), in his opening speech. held at The Westin Book Cadillac Detroit in the US state of Michigan.

“These challenges have been exacerbated through this pandemic and the growing geopolitical tensions that we see today. With this in mind, we must assess where we are and think creatively, to better prepare for a stable and sustainable future,” said Tai.

Tai said the trade ministers are scheduled to hold talks at the World Trade Organization on Thursday (25/5/2023) afternoon, and on Friday they will focus on “fully integrating the principles of sustainability and inclusion in our trade policies and our cooperation with partners.” other businesses.”

Chinese Commerce Minister Wang Wentao will hold talks with US Commerce Ministers Gina Raimondo and Tai, respectively, and exchange ideas with the US side about China-US economic and trade relations and issues that concern both sides. Commerce Shu Jueting said on Thursday (25/5/2023).

Economic growth in the APEC region is expected to pick up slightly to 3.1 percent in 2023, after an average of 2.6 percent in 2022. Growth is expected to slow to 2.8 percent in 2024, according to the latest economic analysis published by the Policy Support Division. of APEC.

Author: Apep Suhendar
Editor: I’m going to sleep
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