Overview
- Chinese President Xi Jinping and Canadian Prime Minister Carney met on Oct. 31 in Gyeongju, agreeing to improve ties and pursue deeper economic cooperation.
- Both leaders endorsed developing their countries’ strategic partnership, marking a notable thaw after years of strained relations.
- APEC leaders convening in Gyeongju are working to conclude the summit with a possible leaders’ declaration as negotiations continue.
- Discussions at the meeting have focused on expanding AI use, tackling low birthrates and aging populations, and supporting free and stable trade and investment.
- With U.S. tariff policies strengthened under President Trump, participants highlighted the importance of a diversified multilateral trade system, and Japan scheduled a Nov. 4 launch of a new Growth Strategy Headquarters to reset its economic policy framework.