Why APEC Still Matters More Than Ever
The United States and China both have skin in the APEC game. The setting in which they must deal is multilateral, and their dealings are on full display to all other 19 members. APEC is not a negotiating forum that delivers formal inter-state agreements or has legal supra-national authority. It gives equal voice to, and requires consensus among, all its members, large, small and middling. It is no accident that the Biden-Xi summit follows hard on the heels of APEC.
2 December, 2021