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	<title>multilateral trade &#8211; The Milli Chronicle</title>
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		<title>Asia-Pacific Leaders Unite for Inclusive Growth at APEC Summit 2025 in South Korea</title>
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		<pubDate>Sat, 01 Nov 2025 15:21:35 +0000</pubDate>
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					<description><![CDATA[Gyeongju &#8211; The Asia-Pacific Economic Cooperation (APEC) Summit 2025 concluded on a positive note in Gyeongju, South Korea, as leaders]]></description>
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<p><strong>Gyeongju</strong> &#8211;<strong>  </strong>The Asia-Pacific Economic Cooperation (APEC) Summit 2025 concluded on a positive note in Gyeongju, South Korea, as leaders from across the region reaffirmed their shared commitment to inclusive trade, sustainable development, and technological cooperation.</p>



<p> Despite global economic challenges, the summit emphasized unity, resilience, and mutual growth, setting a hopeful tone for the future of the Asia-Pacific region.</p>



<p>The joint declaration adopted by APEC leaders underlined the importance of shared benefits in trade and the collective responsibility to create a fair and balanced economic order.</p>



<p> The meeting, hosted by South Korea, saw active participation from major economies including China, Japan, and the United States, reflecting a growing determination to strengthen cooperation amid shifting global trade dynamics.</p>



<p>Chinese President Xi Jinping, South Korean President Lee Jae-myung, and other regional leaders expressed optimism about revitalizing trade partnerships and exploring new opportunities in artificial intelligence, green energy, and demographic innovation.</p>



<p> Xi proposed the establishment of a World Artificial Intelligence Cooperation Organization, a visionary step aimed at fostering global collaboration in technology while encouraging ethical AI development.</p>



<p>The summit’s closing remarks highlighted the Asia-Pacific region’s resilience in navigating economic pressures and political complexities. </p>



<p>South Korea’s leadership, under President Lee, demonstrated a balanced diplomatic approach, welcoming China’s cooperation while maintaining constructive ties with the United States. </p>



<p>This approach reinforced the country’s role as a bridge for dialogue, peace, and trade stability in the region.</p>



<p>President Lee Jae-myung expressed confidence that Asia-Pacific nations could overcome current trade disruptions by working together with transparency and mutual trust. </p>



<p>He emphasized that the region must move beyond competition and build frameworks that promote innovation, inclusivity, and sustainable prosperity for all member nations.</p>



<p>China’s participation in the summit carried a message of collaboration and openness, with Xi Jinping reassuring partners that Beijing seeks shared enrichment, not dominance. </p>



<p>His announcement that China will host APEC 2026 in Shenzhen was met with enthusiasm, symbolizing continuity in dialogue and cooperation. </p>



<p>The move is expected to further strengthen ties between Asian economies and accelerate initiatives in digital transformation, clean energy, and cultural exchange.</p>



<p>The meeting also spotlighted South Korea’s growing influence as a regional mediator. President Lee’s vision of “balanced diplomacy” focuses on fostering peaceful engagement, supporting open trade routes, and promoting technological advancement through joint ventures.</p>



<p> His call for deeper collaboration with China on North Korea-related issues underscored South Korea’s dedication to peace and regional stability.</p>



<p>Throughout the summit, leaders discussed key topics including demographic change, digital innovation, and AI-driven economic models. </p>



<p>These forward-looking discussions reflected APEC’s shift toward a future-ready agenda, where technology and sustainability go hand in hand to shape a stronger global economy.</p>



<p> The absence of tension-filled rhetoric and the focus on mutual progress made this year’s summit one of the most constructive in recent memory.</p>



<p>The dialogue between President Xi and President Lee further symbolized a renewed spirit of cooperation. Both leaders expressed interest in expanding cultural, trade, and educational exchanges to deepen understanding and foster goodwill between their nations.</p>



<p> Analysts viewed this as a sign of growing optimism in the Asia-Pacific community despite ongoing geopolitical complexities.</p>



<p>The APEC 2025 Summit ultimately served as a reminder that collaboration and respect for diversity are the true engines of progress.</p>



<p> With countries reaffirming their shared vision for inclusive growth, digital innovation, and sustainability, the region stands poised for a new era of prosperity and partnership.</p>
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		<title>Saudi Finance Minister Calls for Global Unity to Strengthen Economic Resilience and Sustainable Growth</title>
		<link>https://www.millichronicle.com/2025/10/57719.html</link>
		
		<dc:creator><![CDATA[NewsDesk Milli Chronicle]]></dc:creator>
		<pubDate>Sat, 18 Oct 2025 19:20:00 +0000</pubDate>
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		<category><![CDATA[Mohammed Al-Jadaan]]></category>
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					<description><![CDATA[Riyadh &#8211; Saudi Minister of Finance Mohammed Al-Jadaan has expressed optimism about the world’s ability to navigate current economic challenges,]]></description>
										<content:encoded><![CDATA[
<p><strong>Riyadh</strong> &#8211; Saudi Minister of Finance Mohammed Al-Jadaan has expressed optimism about the world’s ability to navigate current economic challenges, stressing that cooperation, transparency, and technological innovation will drive sustainable growth in the years ahead. </p>



<p>Speaking after attending the fourth G20 Finance Ministers and Central Bank Governors Meeting in Washington, held under South Africa’s presidency, Al-Jadaan underlined that while the global economy faces “structural shifts,” these transitions also present opportunities for adaptation and renewal.</p>



<p>Accompanied by Saudi Central Bank Governor Ayman Alsayari, Al-Jadaan noted that 2025 and 2026 will be critical years for global fiscal stability. </p>



<p>He explained that the ongoing adjustments in monetary policies, trade relations, and technology adoption are reshaping the world economy, calling for balanced and forward-looking approaches.</p>



<p> “We are entering an era of transformation,” he said, “and this demands not withdrawal from global systems, but greater collaboration to strengthen trust and investment.”</p>



<p>The finance minister urged nations to protect and enhance the multilateral trading system, describing it as the foundation of international prosperity.</p>



<p> He called for collective reforms that would make global trade more inclusive, transparent, and efficient. “The solution lies not in isolation but in cooperation,” Al-Jadaan emphasized, reaffirming Saudi Arabia’s support for policies that ensure shared global progress.</p>



<p>Al-Jadaan highlighted fiscal discipline and sustainable public debt as “fundamental pillars” of economic resilience. He explained that governments worldwide must continue prioritizing transparency and sound governance to manage public resources effectively. “Fiscal discipline builds investor confidence,” he said, “and ensures that countries are better equipped to face external shocks.”</p>



<p>He also pointed out that enhanced spending efficiency is crucial to achieving long-term growth and protecting citizens from inflationary pressures. Saudi Arabia, he noted, has made significant strides in this regard through Vision 2030 reforms, which emphasize accountability, innovation, and private sector empowerment.</p>



<p>Addressing the rapid pace of digital transformation, Al-Jadaan said that artificial intelligence, fintech, and digital assets are reshaping global markets at an unprecedented speed. He called for proactive regulatory frameworks that strike a balance between innovation and security, ensuring that technology becomes a driver of opportunity rather than risk.</p>



<p>“The rise of AI and digital finance presents extraordinary potential for productivity and inclusion,” he explained. “However, it is our responsibility as policymakers to ensure these technologies are governed responsibly, promoting trust and stability.”</p>



<p>During discussions on Africa’s economic growth, the Saudi minister reaffirmed the continent’s growing importance to global prosperity. He called for practical and implementable solutions to reduce the cost of capital, attract private investment, and strengthen financial sustainability.</p>



<p>“Africa is a key partner in the future of global growth,” Al-Jadaan stated, highlighting Saudi Arabia’s deep and historic partnership with African nations. He noted that the Kingdom has financed vital projects in over 40 countries across sectors such as infrastructure, energy, and healthcare—initiatives aimed at fostering inclusive and lasting development.</p>



<p>He also called upon multilateral institutions to support structural reforms that enhance productivity and create the right conditions for private sector-led expansion. “True progress in Africa and beyond requires coordinated global support and long-term commitments,” he said.</p>



<p>In closing, Al-Jadaan emphasized that while the global economy is undergoing significant change, countries can turn challenges into opportunities through unity and innovation. “The years ahead will test our resilience, but also our capacity to cooperate and evolve,” he said. “Together, we can build an economy that is not only stable but also sustainable and inclusive.”</p>



<p>His message at the G20 meeting reaffirmed Saudi Arabia’s role as a proactive global partner—championing responsible growth, fiscal prudence, and technological progress. As the world navigates a rapidly evolving economic landscape, the Kingdom continues to advocate for solutions rooted in collaboration, transparency, and shared prosperity.</p>
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