"Leaders are gathering in Gyeongju, South Korea, for the Asia-Pacific Economic Cooperation (APEC) summit, a grouping that promotes trade, investment and economic cooperation among the economies of the Asia-Pacific region. Before its main event begins on Friday, this year's summit was already dominated by a meeting on the sidelines Thursday between Donald Trump and Xi Jinping, who agreed to cool trade tensions for the time being."
"Indian Prime Minster Narendra Modi decided to skip the ASEAN summit in person, leading to speculation that he wanted to avoid a face-to-face with Trump amid rising US-India tensions over Russian oil purchases. India has for years eyed joining APEC. Despite the country's growing economic influence and the support of some member economies, including the US and South Korea, its membership bid has repeatedly faced obstacles."
Leaders are gathering in Gyeongju, South Korea, for the APEC summit, which promotes trade, investment and economic cooperation across the Asia-Pacific. A sidelines meeting between Donald Trump and Xi Jinping agreed to cool trade tensions temporarily. Trump began the trip at the ASEAN summit in Kuala Lumpur. Indian Prime Minster Narendra Modi skipped the ASEAN summit in person, raising speculation he sought to avoid a face-to-face with Trump amid rising US-India tensions over Russian oil purchases. India has long sought APEC membership. A retired Indian diplomat, Anil Wadhwa, said the US has supported India's case for APEC membership but that under the second Trump administration there is no active outreach and efforts are at a standstill. India rejects being labeled protectionist and seeks to open and secure free trade agreements.
Read at www.dw.com
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