In early November, President Trump concluded the Asia-Pacific Economic Cooperation (APEC) Leaders Meeting in Da Nang, Viet Nam – his penultimate stop on the longest Asia tour for a U.S. President in decades. With the United States no longer a part of the Trans-Pacific Partnership or a member of the 16-nation Regional Comprehensive Economic Partnership (RCEP) – and with other multilateral groupings reducing or limiting interaction with the private sector – APEC has emerged as the leading Asia-Pacific trade liberalizing platform for businesses to engage with 21 governments that collectively comprise 3 billion consumers and close to 60 percent of global GDP.

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