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
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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.
This article was written by Eamonn Sheridan at www.forexlive.com.
