APEC summit ends with joint declaration

The APEC summit in South Korea has ended with leaders adopting a joint declaration. It addresses the "significant challenges" being faced by the global trading system. The leaders wrapped up their two-day summit Saturday in the city of Gyeongju.

The declaration said they reaffirm their shared recognition that robust trade and investment are vital to the growth and prosperity of the region. Next year's APEC forum is scheduled to be held in China. It was also announced that Japan will host the event in 2031.