Xi-Biden Meet Sets New Tone
Yuba Nath Lamsal:- As the summit of the Asia Pacific Economic Cooperation or APEC under the theme “Creating a Resilient and Sustainable Future for All” is underway in San Francisco of the United States, more spotlight is on the sideline meeting of US President Joe Biden and Chinese President Xi Jinping. APEC is an important regional economic forum, which consists of the countries in the Asia-Pacific region comprising nearly 40 per cent of world’s population (2.95 billion), 62 per cent of world’s GDP, and almost 50 per cent of global trade. APEC meeting is important as leaders of this group are expected to chart out a new economic course of the world. However, the world is watching more closely and with greater interest and concern the meeting between these two leaders instead of the broader outcome of the APEC summit. Xi-Biden meeting is expected to shape the political and economic architecture of the world in the 21st century. When the APEC was established in 1989 as a regional ec...