Trade representatives of APEC member economies are meeting today and tomorrow. To discuss multilateral trade and other cooperation agendas, including reforms of the World Trade Organization.

Headlines via Reuters: APEC sees regional GDP growth for 2025 at 2.6% down from 3.3% earlier

  • Sees export growth for 2025 at 0.4% versus 5.7% in 2024
  • Sees unprecedented rise in trade policy uncertainty fueled by frictions amplifies risks to growth for trade-dependent economies
  • Sees trade policy volatility in April is 9 times greater than average of 2015–2024
  • Export outlook downgrade due largely to US tariffs
import export ship

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APEC stands for Asia-Pacific Economic Cooperation.

  • It is a regional economic forum established in 1989 to promote free trade and economic cooperation throughout the Asia-Pacific region.
  • APEC has 21 member economies, including the United States, China, Japan, Australia, and most major economies bordering the Pacific Ocean.
Source: Forex Live