trump’s trade rep brings ‘america first’ policy to asiapacific summit
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trump’s trade rep brings ‘America First’ policy to Asia-Pacific summit

Arab Today, arab today

Arab Today, arab today Trump’s trade rep brings ‘America First’ policy to Asia-Pacific summit

US Trade Representative Robert Lighthizer and Japan’s Trade Minister Hiroshige Seko
Hanoi - Arab Today

US President Donald Trump’s new trade representative held his first face-to-face meetings with some key partners on Saturday as the US charts an “America First” policy that has upended the old global order and sparked fears of protectionism.
Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam’s capital, Hanoi, the biggest trade meeting since Trump took office.
Its members account for over 40 percent of world trade.
Lighthizer and Hiroshige Seko, Japan’s economy, trade and industry minister, agreed on strengthening bilateral trade and removing barriers, a statement from the US trade representative said.
“In particular, both sides agreed to strengthen cooperation to address common concerns with respect to unfair trade practices utilized by third countries,” it said.
A draft seen by Reuters of the APEC meeting statement to be issued on Sunday emphasized free trade and warned of the dangers of protectionism.
But the different approaches were evident in Hanoi.
Lighthizer was due to meet about a dozen counterparts there, including China’s representative, a US official said. The veteran lawyer and Reagan-era trade negotiator was only confirmed in his new role earlier this month.
China, putting itself forward as a global free-trade champion in light of the US shift, is pushing a free-trade agreement to encompass the vast majority of Asian economies. The Asia trade deal it favors is called the Regional Comprehensive Economic Partnership (RCEP).
Meanwhile, Japan is leading countries that want to persist with the Trans-Pacific Partnership (TPP) trade deal ditched by Trump in one of his first acts in office. TPP excludes China and covers a broader scope than the trade agreement favored by Beijing.
Negotiators from the so-called TPP-11 met to discuss how the agreement could be taken forward. Ministers from the group will take a decision early on Sunday.
The greatest challenge is keeping on board Vietnam and Malaysia, which joined largely to benefit from better access to the US market. Officials from both countries have said that without the Americans they would want to renegotiate.
New Zealand Trade Minister Todd McClay said he did not expect a big decision this weekend on how to go forward with the agreement.
“That will take some time. It will take most of this year,” he told Reuters. “We think the agreement is well balanced. We are willing to engage in conversation to better understand the positions of Malaysia and Vietnam and other countries.”
Japan hopes the US will one day rejoin the TPP agreement. But renegotiating the existing North America Free Trade Agreement (NAFTA) is a bigger immediate priority for Washington.
Canada’s trade minister said his meeting with Lighthizer went well and they discussed “a number of multilateral issues.” Lighthizer was also due to meet Mexico’s trade minister.

Source: Arab News

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’s trade rep brings ‘america first’ policy to asiapacific summit trump’s trade rep brings ‘america first’ policy to asiapacific summit

 



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’s trade rep brings ‘america first’ policy to asiapacific summit trump’s trade rep brings ‘america first’ policy to asiapacific summit

 



GMT 01:57 2017 Sunday ,29 October

Mar21/Apr20)

GMT 06:27 2017 Tuesday ,05 December

Warriors thump Heat, Rockets rule the road

GMT 20:28 2017 Sunday ,09 April

GCC condemns Friday attack in Sweden

GMT 20:00 2017 Monday ,06 November

Sharjah Baby-Friendly Office forms steering committee

GMT 07:00 2017 Thursday ,06 April

Questions cloud municipality fee

GMT 22:05 2017 Tuesday ,10 October

Taliban denies reports on unity with Daesh

GMT 03:45 2017 Saturday ,29 July

Could a green sponge hold cancer-fighting secrets?

GMT 17:04 2016 Friday ,09 September

Google to buy Apigee in $625m deal

GMT 01:28 2017 Friday ,22 December

Syria opposition urges Russia to push Damascus

GMT 22:21 2017 Wednesday ,09 August

Egyptian President holds call with Chadian counterpart

GMT 01:43 2017 Monday ,16 January

FM of S. Korea, Iraq to hold talks

GMT 11:35 2017 Thursday ,23 February

Katy Perry skeletons resemble Trump, May at Brit Awards

GMT 20:27 2017 Wednesday ,11 October

Israeli forces deny Palestinian students access to Aqsa

GMT 04:05 2017 Monday ,04 September

February20th-March20th

GMT 18:56 2017 Wednesday ,30 August

Premier: BDF model in patriotic work

GMT 10:58 2017 Thursday ,09 February

Berlin film fest gets into swing with biopic 'Django'
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday