APEC, G20 mark Latin America's moment
1 month, 3 weeks ago

APEC, G20 mark Latin America's moment

China Daily  

Reporters work in the G20 International Media Center in Rio de Janeiro, Brazil on Monday. With the Asia-Pacific Economic Cooperation Leaders Meeting in Lima, Peru, being immediately followed by the G20 Summit in Rio de Janeiro, Brazil, all eyes are on Latin America. People's expectations of the meetings were very high even before Donald Trump was elected the United States' president for a second time, because many consider APEC and the G20 to be platforms for promoting global cooperation, especially at a time when countries are striving to revive economic growth. Yet now, with Trump's victory in the presidential election and his return to the White House in January, world leaders in Peru and Brazil will likely be grappling with a new question: how to defend multilateralism when one of the world's largest economies, to be soon led by Trump, seems increasingly inclined toward a unilateral approach. Leaders could, for example, prioritize creating fairer trade practices that allow smaller and developing countries to grow alongside the larger economies, implement tangible steps toward sustainability that involve both developed and developing nations, and focus on a coordinated response to health crises that doesn't leave poorer countries behind.

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