Japan airs concern after U.S.-China feud causes APEC disarray

Share

A chairman's statement will be released in lieu of a formal written declaration by leaders of the 21-member regional grouping, which was formed in 1989 to promote free trade across the region.

The President also noted to his peers that 85 percent of all imports to the Philippines come from its economic partners in Apec and about 83 percent of tourist arrivals to the Philippines also come from the Asia-Pacific region, Panelo said.

"This is a situation that both countries need to sit down and talk about", O'Neill said at a press conference.

Washington had pressed for leaders to issue what amounted to a denunciation of the World Trade Organization and a call for its wholesale reform - a step too far for Beijing, which would likely suffer in the event of any change to trade rules.

U.S. Vice President Mike Pence attended instead of Trump.

The vice president said he told President Xi that President Trump and the American people want a positive relationship with China, but there has to be change for that to happen.

Pence accused China of intellectual property theft, and of offering loans with "opaque" conditions. "It goes beyond that to freedom of navigation in the seas, concerns about human rights", Pence told reporters travelling with him.

Trump's trade policy has been under fire for its possible negative impact on the global economy, as his administration is increasing efforts to reduce its more than $700 million trade deficit.

Washington is demanding Beijing improve market access and intellectual property protections for USA companies, cut industrial subsidies and slash a $375bn trade gap.

More news: Rooney 'embarrassed' by final days at United
More news: Samsung's next flagship might have a new AI chip, 8K video recording
More news: LeBron James reacts to Jimmy Butler being traded to Philadelphia

Meanwhile, Foreign Minister Winston Peters said New Zealand was in a stronger position in the region because of the US-China conflict. "Those prevented there from being a full consensus on the communique".

"With the President's undiminished dedication to our country's economic progress and the formidable support he was able to solicit from the respective leaders of the Apec community, we are enthusiastic to say that this trip not only benefited our country today but also its overall economy in the following years", he said.

Ahead of the APEC summit, the government was criticized for acquiring a fleet of 40 expensive Maserati cars to ferry the world leaders to meeting sites, but it assured citizens that the vehicles would be sold afterward.

During the APEC summit, Australia, Japan and the U.S. resisted Chinese efforts to use spending through Beijing's Belt and Road initiative to gain influence in the Pacific.

In Thursday's meeting, APEC ministers adopted new guidelines on infrastructure development and investment, calling for openness, transparency, cost-effectiveness and the fiscal soundness of recipients as global standards for quality infrastructure.

The Prime Minister has played down deep divisions between the United States and China, after a weekend of rancour between the superpowers at the APEC Summit in Port Moresby.

Panelo said the President had a "fruitful and productive participation" in Apec, including a dialogue during the summit of chief executive officers of the Apec Business Advisory Council, a meeting with leaders of the Pacific Islands Forum, and a dialogue with the International Monetary Fund.

Further fanning the flames, Pence announced the usa would partner with Australia and Papua New Guinea to develop a naval base on Manus Island in Papua New Guinea.

Share