<h1>Asia-Pacific leaders agree nonbinding framework to reduce trade and export-control threats and pursue regulatory harmony for supply chains</h1> Leaders of 21 Asia-Pacific economies convened to address trade tensions and economic cooperation after the two largest economies agreed to scale back extreme tariff and export-control threats, a move that reduces immediate legal and commercial risks for cross-border trade and supply chains. The forum's nonbinding framework limits enforceability, so outcomes will depend on national measures and prospective harmonization of regulations on trade, AI, and supply-chain resilience. Member states signaled reluctance to issue a strong joint free-trade declaration, preferring broader language on peace and prosperity while exploring cooperative regulatory standards and avoidance of protectionist measures.