APEC trade ministers to discuss mineral, semiconductor supply chains

Trade ministers from member economies of the Asia-Pacific Economic Cooperation forum have begun their two-day meeting in the US city of Detroit on Thursday.

The ministers from 21 Pacific Rim economies are expected to discuss strengthening critical mineral and semiconductor supply chains. Climate change and food security are also on the agenda.

The issues were among the most important topics discussed at the G7 Hiroshima Summit, which closed on Sunday.

Japan and the United States aim to secure cooperation on these matters from the emerging and developing nations, collectively known as the Global South.

Last year, APEC ministerial meeting participants failed to adopt a joint statement amid Russia's invasion of Ukraine.

The focus this year is on how the economies can unite, even as China and Russia, both members of APEC, expressed opposition to the communique issued by the G7 leaders.

Meanwhile, ministers from Japan, the US, India and 11 other countries participating in the Indo-Pacific Economic Framework for Prosperity, or IPEF, will meet on Saturday, also in Detroit.