KUALA LUMPUR — Trade ministers representing 21 Asia-Pacific countries said on Tuesday that they “will work to facilitate the flow of essential goods and services” needed to fight the new coronavirus pandemic. The statement, released by the Singapore-based secretariat of the Asia-Pacific Economic Cooperation (APEC) body, listed “medicines, medical supplies and equipment, agriculture and food products” among those essential goods. APEC includes China, Japan and the US, the world’s three biggest economies. Other APEC members include Australia, Canada, Indonesia and South Korea, all of which have gross domestic products exceeding 1 trillion dollars. Tuesday’s statement marks a rare apparent consensus between China and the US, which have been embroiled in a trade war since shortly after Donald Trump became president in early 2017.
KUALA LUMPUR — Members of the Asia-Pacific Economic Cooperation (Apec), a 21-country grouping that includes China, Japan and the United States, face collective economic losses of 2.1 trillion dollars in 2020 due to the new coronavirus pandemic. In a report published on Monday, the Singapore-based Apec Secretariat forecast that the region’s economies will shrink by 2.7 per cent this year due to the pandemic. The economic losses exceed the gross domestic products of Canada and South Korea, the fourth and fifth biggest economies in Apec, going by International Monetary Fund (IMF) country rankings. Apec member states account for around 40 per cent of the rouhgly 2.4 million cases of Covid-19, the disease caused by the virus.
MANILA — A din of giggles, whispers and squeals greeted Canadian Prime Minister Justin Trudeau as he strode into the hall where most journalists were confined during the recent Association of Southeast Asian Nations summits. With media garrisoned about 2km from the Philippine International Convention Center where the main summit action was taking place, the photogenic 45-year-old Trudeau’s entrance around noon on Tuesday was a rare chance for the reporters to hear from one of the summit leaders in the flesh. Around an hour later, after fielding questions mostly from Canadian news people, and delivering answers in English and French, Canada’s official languages, Trudeau made his way from the podium to the exit. Mobbed by a mix of officials and journalists, some yelling, “Justin, Justin,” as they jostled to intercept the prime minister as he left the hall, anyone listening outside might have thought the Justin in question was Bieber, and that the audience a crowd of star-struck teenagers rather than hard-bitten reporters.