At his sentencing war in Ukraine advanced “most leaders” attending the Asia-Pacific Economic Cooperation (APEC) forum.
After a day and a half of talks in Bangkok, the 21 members of APEC agreed on a joint statement, which criticizes the war and economic turmoil caused worldwide by Russia’s invasion of Ukraine.
“Most members strongly condemned the war in Ukraine and underlined that it is causing enormous human suffering and exacerbating existing weaknesses in the global economy”refers to the final announcement of the session.
The final communique was approved by all APEC membersincluding Russia and China, which has avoided publicly criticizing Moscow for its invasion.
“There were other views and different assessments of the situation and the sanctions”the announcement states, which repeats verbatim the wording of the final communiqué of the G20 summit published earlier this week.
In its final statement, APEC denounces the impact of the conflict in Ukraine on economic growth, inflation, supply chains and energy and food security.
At the same time, the leaders of the Asia-Pacific region emphasized in their statement that the forum will continue to uphold and further strengthen a rules-based multilateral trading system.
APEC was established in the 1980s with the aim of promoting economic integration. Its 21 members represent 38% of the world’s population, 62% of world GDP and 48% of world trade.
Source: News Beast
I am a journalist and author who works for World Stock Market. I have written about the stock market for years and I love it.