Asia-Pacific Trade Ministers State Importance Of WTO Amid Global Trade Uncertainties At South Korea Meeting
"We recognise the importance of the WTO to advance trade issues, and acknowledge the agreed-upon rules in the WTO as an integral part of the global trading system," they said in a statement.
APEC countries "recognise the WTO has challenges and needs meaningful, necessary, and comprehensive reform to improve all its functions, through innovative approaches, to be more relevant and responsive in light of today's realities," it added.
bootstrap slideshow
The APEC Ministers Responsible for Trade Meeting was held for two days on Jeju Island in South Korea, concluded Friday, with WTO Director-General Ngozi Okonjo-Iweala attending.
Digital transformation of economies and the importance of AI (artificial intelligence) were noted in the statement.
"We recognise AI's potential to fundamentally reshape the landscape of international trade," it said.
Members also noted the "cross-sectoral challenges" global supply chains are facing, stating support for "efforts to ensure that supply chain issues continue to be discussed within APEC to enhance the resilience of supply chains for sustainable economic growth across the APEC region."
The event, themed "Building a Sustainable Tomorrow: Connect, Innovate, Prosper," brought together representatives from all 21 member economies.
-- BERNAMA-ANADOLU
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
an hour ago
- Barnama
863 Youth Participated In Kembara JOM 2.0 In Kota Marudu, Sabah
KOTA KINABALU, Aug 17 (Bernama) -- A total of 863 youth from Kota Kinabalu and Labuan participated in the Borneo Zone 1 Kembara Jumpa Orang Muda (Kembara JOM) 2.0 programme at Kampung Tagaroh, Kota Marudu, Sabah from Aug 15 to 17. Deputy Youth and Sports Minister Adam Adli, who was also at the programme, said that Kembara JOM helped strengthen the rural youth empowerment agenda and findings from the programme would help national youth development. 'Kembara JOM serves as a platform for profiling rural youth, setting up new associations, youth participation as well as the implementation of socio-economic studies and the needs of local youth,' he said in a statement today.
The Star
an hour ago
- The Star
The Putin-Trump summit can impact crises in other regions, says expert
MOSCOW (Bernama-RIA Novosti): The outcome of the Russian-US talks in Alaska could influence not only the settlement of the Ukrainian crisis but also conflict dynamics in other regions, including the Middle East, Lebanese expert on Russian affairs Ahmed Al-Haj Ali told RIA Novosti. "The agreements reached may eventually be reflected in other crisis areas in the future, though not immediately, but gradually - including in the Middle East," Al-Haj Ali said. Closer alignment between Moscow and Washington could have a positive effect on the resumption of Iranian-US negotiations, he added. "Any diplomatic and political success of Russia reduces pressure on the state, allowing it to strengthen its influence in the Middle East and other important regions. This opens up space for a certain stabilisation of the balance of power at the regional and international levels," the expert said. At the same time, fundamental differences remain between Russia and the United States and require greater rapprochement, he said. "This meeting helped in many ways to split the iceberg of destroyed Russian-US relations, which had sunk to a Cold War level. It demonstrated the willingness of both leaders to pursue shared interests," Al-Haj Ali said. On Friday, Putin and Trump met in Anchorage, Alaska for a three-on-three format talks that lasted 2 hours and 45 minutes. In addition to the presidents, Russia was represented by Foreign Minister Sergey Lavrov and presidential aide Yury Ushakov, and the United States by Secretary of State Marco Rubio and Special Envoy Steve Witkoff. -- BERNAMA-SPUTNIK/RIA NOVOSTI
The Sun
an hour ago
- The Sun
863 youth join Kembara JOM 2.0 in Kota Marudu for empowerment
KOTA MARUDU: A total of 863 youth from Kota Kinabalu and Labuan took part in the Borneo Zone 1 Kembara Jumpa Orang Muda (Kembara JOM) 2.0 programme. The event was held at Kampung Tagaroh from August 15 to 17. Deputy Youth and Sports Minister Adam Adli highlighted the programme's role in strengthening rural youth empowerment. 'Kembara JOM serves as a platform for profiling rural youth, setting up new associations, youth participation as well as the implementation of socio-economic studies and the needs of local youth,' he said. Findings from the programme will contribute to national youth development strategies. A total of RM31,710 was allocated to Kampung Tagaroh residents through various agencies. The Sabah state development office pledged infrastructure improvements and welfare aid under the Sabah Maju Jaya scheme. Additional support includes house repairs and new home construction for the community. Activities during the programme featured a townhall session with Adam Adli. Youth also engaged in volunteer work, leadership development, and social entrepreneurship initiatives. The event aimed to foster collaboration and address local youth needs effectively. - Bernama
