APEC leaders gather in Lima for trade talks

Outgoing US President Joe Biden and his Chinese counterpart Xi Jinping arrived in Peru on Thursday (Nov 14) for an Asia-Pacific summit where they will likely meet for the last time. APEC, created in 1989 with the goal of regional trade liberalisation, brings together 21 economies that jointly represent about 60 per cent of world GDP and over 40 per cent of global commerce. The summit programme is set to focus on trade and investment for what proponents dubbed inclusive growth.