Gyeongju, South Korea – Asian and Pacific Rim leaders have pledged their support for trade and investment that “benefits all”, concluding a summit dominated by an agreement between the leaders of the United States and China to call a truce in their trade war.

The declaration by the Asia-Pacific Economic Cooperation (APEC) leaders on Saturday came after US President Donald Trump and his Chinese counterpart, Xi Jinping, earlier agreed to lower the temperature in the heated US-China rivalry during a high-stakes summit held on the sidelines of the event.

Trump departed South Korea on Thursday after his talks with Xi, their first face-to-face meeting since 2019, leaving the Chinese leader to take centre stage at the two-day economic forum.

Xi, who has cast China as a defender of multila

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