APEC

Trump and Xi to set out competing trade visions at APEC

Vietnam - Muslimchronicle

The leaders of the US and China, the world’s two largest economies, are expected to lay out competing visions for the future of global trade Friday in closely watched speeches to Asia-Pacific leaders gathered in Vietnam. President Donald Trump is likely to wield his “America First” doctrine when he addresses CEOs ahead of the Asia Pacific Economic Cooperation (APEC) forumRead more

Philippines' Duterte laments SE Asia brain drain

Manila - Muslimchronicle

Globalisation has pressed the brightest workers from poor Southeast Asian countries to move overseas in a brain drain that must be reversed if real development is to be achieved, Philippine President Rodrigo Duterte said Thursday. In an impassioned appeal by a leader better known for expletive-flecked outbursts, Duterte said the efforts of poorer countries to rise up the value chainRead more

'Trump effect' jams up APEC

Washington - Muslimchronicle

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 VladimirRead more

Vietnam flood toll hits 49 ahead of APEC summit

Hoi An - Muslimchronicle

At least 49 people have died after Typhoon Damrey slammed into central Vietnam, disaster officials said Monday, as heavy flooding cast doubt on a planned retreat for APEC leaders' spouses to the ancient town of Hoi An. The weather system hit just days before Vietnam welcomes world leaders to the APEC summit in Danang and has left several areas totallyRead more

Mexico: TPP might still be implemented without US

Mexico City - Arab Today

The sweeping trade deal for the Pacific region known as the Trans-Pacific Partnership (TPP) might still be implemented by making adjustments to its text even though the US has withdrawn, Mexico’s Economy Minister Ildefonso Guajardo said on Tuesday. The TPP, which had been promoted by former US President Barack Obama and Japan as a way to counter China’s influence inRead more

Xi's Visits Boost Asia-Pacific Cooperation, China-LatAm Ties

Beijing - Xinhua

Chinese President Xi Jinping delivered an address Monday at the Peruvian Congress during his first state visit to the country after attending the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Lima. Chinese President Xi Jinping's state visits to Ecuador, Peru and Chile and his attendance at the 24th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting have promoted Asia-Pacific cooperationRead more

Quotable Quotes From President Xi's Speech At Peruvian Congress

Lima - Arab Today

The following are some quotes from his speech that underlines the deep friendship between China and Peru, and China's willingness to share development opportunities with the rest of the world. -- "Peru and China are 'neighbors' connected by the Pacific Ocean. The exchanges between our two peoples started more than 400 years." -- "The Spanish word 'paisano' refers especially toRead more

Abe, Xi Agree to Build Stable Friendly Relations

Lima - Arab Today

Japan's Prime Minister Shinzo Abe told China's President Xi Jinping that he aims to improve all aspects of Japan-China ties. The two leaders held talks while attending the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru where they agreed to work together to build a stable, friendly relationship. The Japanese prime minister said that, as next year the two nationsRead more

Asia to narrow trade focus as protectionism rises

Lima - Arab Today

Fast-growing Asia-Pacific economies will strike more trade deals among themselves as opposition grows in Europe and the US to globalization, analysts say, warning the West will lose out as the dynamic region powers ahead. The most high-profile victim of recent protectionist sentiments has been a major US-led trans-Pacific deal, which is as good as dead after the shock American electionRead more

At Asia-Pacific summit rattled by Trump

Lima - Arab Today

US President Barack Obama on Sunday defended free trade as fellow Asia-Pacific leaders vowed to fight protectionism after Donald Trump's shock election victory sparked fears for the future of global commerce. Trump's triumph in this month's US presidential poll has raised concerns that years of rolling back trade barriers could be reversed after the populist billionaire vowed to tear upRead more