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  HOME | Business & Economy (Click here for more)

APEC Trade, Foreign Ministers Resume Talks after US Protest

DANANG, Vietnam – Trade and foreign ministers of the Asia Pacific Economic Cooperation Forum resumed their meet in Danang, Vietnam on Thursday following opposition by the United States over the text of the final joint statement a day earlier.

On Wednesday, the American delegation had protested the language of the joint statement addressing issues such as free trade and protectionism, sources close to the negotiations told EFE on Thursday.

“It is 20 to 1 (...), APEC is a consensus organization. If there’s no consensus, there can’t be a statement,” the source said.

“They are talking, they are working on it. The meeting hasn’t been closed,” he added.

APEC’s 2016 edition had concluded calling for attention on the risk of falling into trade protectionism and a defense of economic integration.

Meanwhile, the heads of state and government of the 21 APEC economies, including US President Donald Trump, Chinese President Xi Jinping, Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe are scheduled to arrive in Danang on Thursday for the APEC political and economic leaders’ meet that will end on Friday.

The summit is set to conclude on Saturday with a meeting of economic leaders.

APEC comprises Australia, Brunei, Canada, Chile, China, South Korea, the US, the Philippines, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Taipei, Thailand and Vietnam.

 

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