Leaders Xi and Trump anticipated to participate in the APEC summit taking place in South Korea
China, South Korea, and the APEC Summit: A Dynamic Relationship
In a significant development, trade between China and South Korea reached an impressive $267.6 billion in 2024, reflecting the strong economic ties between the two nations. This thriving relationship will be further cemented as Chinese President Xi Jinping and U.S. President Donald Trump are expected to attend the Asia-Pacific Economic Cooperation (APEC) summit next month in South Korea.
The APEC summit, scheduled for 31 October and 1 November in the southeastern city of Gyeongju, is shaping up to be a pivotal event. South Korean Foreign Minister Cho Hyun, who is reportedly the person discussed in connection with Xi Jinping's visit, has highlighted the summit's importance for enhancing cooperation and reducing regional tensions.
Ahead of his first visit to Beijing, Minister Cho will discuss Xi's trip with his Chinese counterpart Wang Yi. This dialogue is expected to provide a platform for both countries to address any potential issues and strengthen their diplomatic relations, which were established in 1992.
Meanwhile, the APEC summit in South Korea is taking place amid ongoing trade negotiations between Seoul and Washington. Under the proposed agreement, South Korea is expected to invest around $350 billion in the U.S., with a goal of reducing reciprocal tariffs from 25% to 15%.
The acting U.S. Ambassador to South Korea, Joseph Yun, and National Security Adviser Wi Sung-lac expect President Trump to attend the APEC summit, though nothing has been officially confirmed. South Korean President Lee Jae Myung personally invited Trump to the summit, underscoring the importance of the event for both nations.
As the world watches, the APEC summit promises to be a significant milestone in the relationship between China and South Korea, and a potential turning point in the broader geopolitical landscape of the Asia-Pacific region.
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