APEC finance chiefs commit to closer policy coordination amid external pressures

Finance ministers from APEC member economies have agreed to deepen their macroeconomic policy dialogue and coordination mechanisms, seeking to build resilience against external headwinds facing the region. The commitment was announced following ministerial-level talks held in Hong Kong on Wednesday.

Chinese Finance Minister Lan Foan said the agreement reflects members' determination to address interconnected risks and challenges threatening economic stability across the Asia-Pacific. Enhanced communication protocols and coordinated policy responses are expected to help member economies navigate volatile global conditions more effectively.

The move underscores growing recognition among APEC policymakers that regional economic challenges increasingly require collaborative approaches. Closer coordination on monetary, fiscal, and financial sector policies is intended to support sustained growth and stability throughout the bloc.

APEC comprises 21 member economies representing nearly 40 percent of global trade and economic output. The forum regularly convenes finance officials to discuss economic trends, policy frameworks, and mechanisms for addressing region-wide challenges.