”This report aims to provide a snapshot of the rapidly evolving economic and trade landscape within the Asia-Pacific Economic Cooperation (APEC) region. APEC has cemented its position as a vital economic grouping, growing to 21 economies since 1989 and accounting for a significant portion of global GDP. Key shifts include changing trade relations, such as the “China +1” strategy and ongoing supply chain disruptions. The report identifies major drivers of export growth, including integrated circuits, electric vehicles, gold, and energy. Geopolitical reordering and realignment, alongside the rise of “connector countries,” are profoundly influencing trade in goods and services. Technology is a central theme of course, with substantial private capital investments in cutting-edge areas like generative AI, large language models, and non-fungible tokens (NFTs). These innovations are reshaping economic relations and improving the tradability of services. The document also highlights the competitive dynamics between the U.S. and China in digital infrastructure and AI ecosystems. Overall, the report encapsulates the state of play in APEC as it navigates complex economic and technological transformations.”
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Morten W. Langer
