Monday 3 November 2025
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wn.com - 3 days ago

China offers leadership in global free trade

The 2025 APEC Economic Leaders Meeting in Gyeongju in the Republic of Korea is clearly going to be among the most crucial of all the forum s meetings since 1993. Since the Asia-Pacific Economic Cooperation forum s beginning in 1989, its spirit of open trade and cooperation has promoted the impressive economic growth of its member economies, as real GDP rose from approximately $19 trillion to $52.8 trillion between 1989 and 2021, an increase of more than 175 percent. This growth has uplifted millions of poor people and increased per capita income almost fourfold. In addition, the region s trade expanded significantly, as tariffs fell most of the time and total merchandise trade expanded more...


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