New Delhi, Nov. 1 -- Leaders of 21 Asia-Pacific Rim nations wrapped up their annual summit with a statement underscoring regional economic cooperation, just days after the presidents of the United States and China agreed to dial down their trade war.

After two days of the Asia-Pacific Economic Cooperation summit in the South Korean city of Gyeongju, APEC leaders issued a joint statement pledging greater cooperation to overcome shared challenges in a global economy hit hard by trade tensions between the U.S. and China, the world's two largest economies.

On Thursday, U.S. President Donald Trump and China's Xi Jinping - who met on the sidelines of the APEC summit - dialed back earlier steps and agreed to de-escalate trade tensions. Trump, ...