trump effect jams up apec
Last Updated : GMT 06:23:09
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:23:09
Arab Today, arab today

Free trade consensus

Trump effect' jams up APEC

Arab Today, arab today

Arab Today, arab today Trump effect' jams up APEC

Russia's Vladimir Putin, US President Donald Trump, and China's Xi Jinping are among the power players who will attend the 21-member summit
Vietnam - Arab Today

Asia-Pacific ministers struggled Thursday to agree on a joint statement on free trade in a rare wrangle over a usually routine document as US negotiators dug in over protectionism, insiders said Thursday.

Global leaders from the Pacific Rim region are gathering in the Vietnamese city of Danang this week for the annual Asia Pacific Economic Cooperation (APEC) forum.

Russia's Vladimir Putin, US President Donald Trump, and China's Xi Jinping are among the power players who will attend the 21-member summit -- the latter pair giving speeches likely to present divergent visions on the future of global trade on Friday.

Ahead of their arrival, trade and foreign ministers are meeting to issue a joint statement detailing their common goals, normally something of a formality.

But this year they have been deadlocked, unable to reach a consensus before the arrival of global leaders.

Three diplomatic sources with knowledge of the talks said the cause was US negotiators sticking to 'America First' lines and pushing for more protectionist wording.

Trump has railed against free trade deals, describing them as bad for US jobs, and instead favouring a rebalanced "fair" trade system.

A press conference to discuss the statement was cancelled late Wednesday and negotiators worked into the small hours of Thursday morning in tense discussions trying to find a breakthrough.

"We are now feeling the Trump effect at APEC," one source with knowledge of the talks, told AFP.

"The US has concerns about references to free trade and protectionism," added a second source, requesting anonymity.

"It's the same as G20," a third source added, referencing the global gathering in March when leaders of the global economic forum for the first time dropped a routine pledge to keep world trade free and open, under US pressure.

Australian trade minister Steven Ciobo played down reports of discord.

"We're obviously having ongoing discussions about the statement, each country wants it to reflect their values," he told AFP.

"I'm confident we'll get a good statement," he added.

Trump's ascent to the White House has upended years of US-led pushes for more open global trade and lower tariffs.

One of his first moves after taking office was to pull US support for the Trans Pacific Partnership (TPP) trade deal, an American-led initiative between 12 Pacific countries that deliberately excluded Washington's big regional rival China.

The remaining 11 countries have since struggled to reboot the deal and China has since portrayed itself as the world's global free trade leader, pushing its own version of TPP.

Source:AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump effect jams up apec trump effect jams up apec

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump effect jams up apec trump effect jams up apec

 



Arab Today, arab today Burberry revamps under new designer Riccardo Tisci

GMT 15:11 2018 Tuesday ,18 September

Burberry revamps under new designer Riccardo Tisci
Arab Today, arab today Ryanair cabin crew in five countries to strike Sept 28

GMT 17:27 2018 Thursday ,13 September

Ryanair cabin crew in five countries to strike Sept 28
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today Twitter now allows live audio-only broadcasts

GMT 17:26 2018 Saturday ,08 September

Twitter now allows live audio-only broadcasts
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today Aeroflot expects group profit decrease by end of year 2018
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 07:16 2017 Sunday ,17 December

Yasmine Underlines importance of Fatimid Cairo

GMT 13:36 2017 Friday ,22 December

Iraqi troops killed six ISIS militants in Mousl

GMT 15:52 2015 Thursday ,17 December

42 Jordanians injured in car accident

GMT 12:15 2017 Friday ,20 January

Actress Yousra Al Louzi stresses love to Cinema

GMT 12:33 2017 Friday ,22 December

Yara denies presenting new talk show

GMT 12:35 2017 Monday ,18 September

Elham Shahin happy for “Day for Women”

GMT 11:45 2014 Monday ,01 September

Emma Stone debuts short hair

GMT 06:01 2017 Monday ,04 December

All Bits London unveils Talia Mar as face

GMT 20:35 2016 Wednesday ,28 December

Yemen: IFJ urges prompt investigation

GMT 20:23 2017 Thursday ,14 September

Paul Auster tops shortlist for Man Booker prize

GMT 14:48 2017 Tuesday ,26 September

BBC launches new Korean language service

GMT 05:02 2017 Monday ,06 February

Westin Nanea opening ahead of schedule

GMT 07:33 2017 Thursday ,09 November

Malaysia rescues 140 pangolins from suspected smugglers

GMT 10:23 2017 Thursday ,03 August

Moroccan-American Jewish Performs Moroccan Anthem

GMT 11:21 2015 Saturday ,25 April

New blood test can predict future breast cancer

GMT 10:06 2015 Saturday ,27 June

Chevrolet lifts lid on 2016 Camaro Convertible

GMT 13:29 2012 Wednesday ,25 July

Mohamed Ramadan films ‘Abdo Mota’

GMT 21:35 2017 Wednesday ,26 July

Jumeirah Hotels & Resorts lists 90 fun activities

GMT 21:30 2017 Wednesday ,20 September

Rhino horn smugglers shift to jewellery

GMT 13:48 2015 Monday ,27 July

The Kindness
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday