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APEC Leaders Adopt Kyeongju Declaration and First Joint AI Initiative

China will host the 2026 summit in Shenzhen.

Overview

  • Leaders approved the final documents by consensus, with Russia stating they align with its interests and avoid geopolitical language.
  • South Korea's president confirmed adoption of the Kyeongju Declaration and detailed an APEC AI Initiative that sets policy directions for inclusive digital transformation and cooperation.
  • Xi Jinping announced Shenzhen as the venue for the 2026 APEC leaders' meeting.
  • Russia's Alexey Overchuk said discussions underscored the presence of alternatives to SWIFT and the rise of new regional payment systems.
  • Overchuk highlighted APEC's emphasis on energy security and access, and he noted recognition of a shift toward critical materials that will reshape supply chains.