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Image depicting APEC Summit 2022!

APEC Summit 2022!

Recommended for Middle Grades

As the 2022 APEC Summit comes to a close, leaders from Asia and the Pacific region criticise war and repeat their calls for open trade.

What is Asia-Pacific Economic Cooperation (APEC)?

The Asia-Pacific Economic Cooperation (APEC) is a group of 21 economies around the Asia Pacific Region that work together to promote free trade in the region.

The APEC leaders also asked Russia to stop fighting in Ukraine and promised to help the economies in the area grow in a way that is sustainable.

They also wanted Russia to stop claiming Crimea as its own territory.

Important Details

  • The leaders of APEC agreed that the conflict and other threats to world security could have huge effects on the world economy.
  • At the summit, there were events that gave political leaders a chance to talk to each other in person.
  • Due to pandemic precautions, these chances had become rare in the past two years.
  • The leaders called for more use of clean energy and food systems that are good for the environment.
  • There were also talks about illegal, unregulated, and unlicensed fishing.
  • In addition to improving public health, and making it easier to get vaccinated.
  • The Vice President of the United States, Kamala Harris, and the President of China, Xi Jinping, spoke to each other for a short time.
  • During their short talk, they told both sides to keep the lines of communication open.
  • The next year, the summit will be held in San Francisco, which is in the United States.
  • Thai Prime Minister Prayuth Chan-Ocha gave Harris an official “handover.”
  • This was in the form of a symbolic bamboo basket in the form of a “chalom”.

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