Geopolitical tensions over Ukraine to overshadow APEC summit in Bangkok


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The APEC meeting comes on the heels of the G20 summit in Bali where countries unanimously adopted a declaration saying most members condemned the war in Ukraine, but that also acknowledged some countries saw the conflict differently.

Foreign ministers of the 21-member bloc are meeting on Thursday ahead of the summit on Friday.
(Reuters)

World leaders have arrived in
Thailand ahead of the Asia-Pacific Economic
Cooperation (APEC) forum, the last of several of summits in the
region that have been dominated by geopolitical tensions over
the Ukraine conflict.Thai Prime Minister Prayuth Chan-ocha, who is hosting the
21-member bloc starting on Friday, said at a pre-summit business
event the agenda was to focus on “new trade and investment
narratives…the need to reconnect supply chains and travel, and
the global sustainability agenda”.Foreign ministers of the group are set to meet on
Thursday.On the sidelines, Chinese President Xi Jinping is expected
to have bilateral talks with Japanese Prime Minister Fumio
Kishida later in the day. US Vice President Kamala Harris and
Australian Prime Minister Anthony Albanese are among those also
attending the main meeting.French President Emmanuel Macron is a special invitee.Ukraine conflict – the most contentious issueThe APEC meeting comes on the heels of the Group of 20 (G20)
summit in Bali where countries unanimously adopted a declaration
saying most members condemned the war in Ukraine, but that also
acknowledged some countries saw the conflict differently.Host Indonesia said the Ukraine conflict had been the most
contentious issue at the summit in Bali.Russia is a member of both G20 and APEC but President Vladimir Putin has stayed away. He was represented by Foreign Minister Sergey Lavrov at the G20 and First Deputy Prime Minister Andrey Belousov will stand in for him at APEC.READ MORE: G20 Summit: World leaders express resolve to limit temperature rise to 1.5C

‘Increased volatility’The leaders of the world’s biggest economies also agreed to pace interest rate rises carefully to avoid spillovers and warned of “increased volatility” in currency moves.Tensions also simmered elsewhere at the G20 summit in Bali when Xi criticised Canadian Prime Minister Justin Trudeau in person over alleged leaks of their closed-door meeting, a rare public display of annoyance by the Chinese leader.Earlier this week, at the back-to-back Southeast Asian and G20 summits in Cambodia and Indonesia, discussions centred on the Ukraine conflict, tensions over Taiwan, the crisis in Myanmar, and risks facing the global economy.READ MORE:
G20 leaders ‘must end war’ between Russia, Ukraine — Indonesia
Source: TRTWorld and agencies


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