Anthony Albanese will attempt to pull off a trifecta of summit success as leaders gather in Thailand for economic talks.
Progressing Australia's relationship with China and the removal of trade sanctions worth $20 billion are expected to be high on the prime minister's priority list.
Mr Albanese is attending the APEC forum, which brings together leaders from 21 member economies with interests in the Asia-Pacific region.
Members include the United States, Canada and China but leaders of France, Saudi Arabia and Cambodia have been invited as guests to the talks.
Mr Albanese said the summit was an important opportunity to promote Australian business, economic activity and investment in the region.
"It's good to be in Thailand for the APEC summit. This is about the economic integration with the fastest growing economies in the world in human history," he told reporters in Bangkok.
It's also a chance to work on face-to-face relations and Mr Albanese is expected to take part in a number of bilateral meetings with his world leader colleagues.
These follow formal talks at the G20 with United States President Joe Biden, United Kingdom Prime Minister Rishi Sunak, French President Emmanuel Macron, Indian Prime Minister Narendra Modi and others.
Mr Albanese also secured a 32 minute meeting with Chinese President Xi on the summit sidelines, the first time in six years leaders of Australia and China have met formally.
With regional trade and cooperation at the heart of APEC, focus will turn to China's sanctions on Australian products and Mr Albanese's attempts to have them removed.
But Mr Albanese is tempering expectations, saying these things will take time to achieve.
Following his meeting with Mr Xi, the prime minister said it would be unrealistic for all the challenges in the China-Australia relationship to be resolved immediately.
The APEC summit is Mr Albanese's final leg of his nine-day regional tour of Southeast Asia.
© AAP 2022