APEC Leaders Emphasize Trade and Sustainability

The Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Lima, Peru, convened leaders from 21 economies, including outgoing U.S. President Joe Biden and China's President Xi Jinping, to discuss regional cooperation and trade issues. Australian Prime Minister Anthony Albanese emphasized enhancing digital trade and promoting Australia's renewable energy ambitions. APEC leaders endorsed a declaration focusing on inclusive trade, gender equality, and agricultural sustainability. The summit also served as a platform for bilateral discussions between leaders, such as Biden and Xi, highlighting climate change and global infrastructure. U.S. Secretary of State Antony Blinken underscored the importance of foreign direct investment and women's economic participation for regional dynamism. The summit is expected to be one of President Biden's last major international engagements before leaving office, with subsequent focus shifting to the G20 meeting in Brazil.