After a day and a half of talks in Bangkok, the 21 members of APEC agreed on a joint statement, which criticizes the war and economic turmoil caused worldwide by Russia’s invasion of Ukraine.
“Most leaders” in the Asia-Pacific region said they condemned him war in Ukrainein the closing statement of the Asia-Pacific Economic Cooperation (APEC) summit.
After a day and a half of talks in Bangkok, the 21 members of APEC agreed on a joint statement, which criticizes the war and economic turmoil caused worldwide by Russia’s invasion of Ukraine.
“Most members strongly condemned the war in Ukraine and underlined that it is causing enormous human suffering and exacerbating existing weaknesses in the global economy,” the summit’s final statement said.
The final communique was endorsed by all APEC members, including Russia and China, which has avoided publicly criticizing Moscow for its invasion.
“There were other opinions and different assessments of the situation and the sanctions,” the announcement states, which repeats verbatim the wording of the final communique of the G20 summit published earlier this week.
In its final statement, APEC denounces the impact of the conflict in Ukraine on economic growth, inflation, supply chains and energy and food security.
At the same time, the leaders of the Asia-Pacific region emphasized in their statement that the forum will continue to uphold and further strengthen a rules-based multilateral trading system.
APEC was established in the 1980s with the aim of promoting economic integration. Its 21 members represent 38% of the world’s population, 62% of world GDP and 48% of world trade.
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