Asia Pacific leaders make joint appeal for free and fair trade

By Reuters   November 21, 2020 | 09:08 am GMT+7 vnexpressAsia Pacific leaders make joint appeal for free and fair tradeA view show virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. Photo by Reuters/Lim Huey Teng.Asia Pacific leaders set aside differences on Friday with their first joint communique in three years, calling for free and predictable trade amid the coronavirus pandemic.

Leaders of the 21-nation Asia-Pacific Economic Cooperation (APEC), who included Vietnam’s Prime Minister Nguyen Xuan Phuc, U.S. President Donald Trump, China’s President Xi Jinping, also said they would not resort to protectionist policies.

Their joint statement, after a virtual summit hosted by Malaysia, is set against a backdrop of ongoing trade tensions between the world’s two largest economies.

“The impact of (the U.S.-China) trade war has been eclipsed by the COVID-19 pandemic,” Malaysian Prime Minister Muhyiddin Yassin told reporters after the meeting.

“APEC has also pledged to refrain from backtracking and resorting to protectionist measures to keep markets and borders open,” he said.

In the communique, the leaders said they recognized “the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment” to drive growth during the crisis.

APEC countries failed to reach agreement in 2018, after talks were stymied by discord over trade and investment between the United States and China, and last year’s gathering in Chile was canceled due to violent street protests.

Subdued performance

Trump, who has yet to concede defeat in the Nov. 3 U.S. election and begin a transfer of government to President-elect Joe Biden, largely focused on domestic issues in his remarks at the meeting and spoke of the successes of his time in office, a source who heard his address said.

It was an unusually subdued performance by Trump, who has often attacked China over Covid-19, declared it a strategic rival and imposed tariffs on billions of dollars in Chinese goods.

A White House statement said Trump had “reaffirmed the commitment of the United States to building on our unprecedented economic recovery from Covid-19, as well as promoting peace and prosperity in the Indo-Pacific region through strong economic growth”.

It said Trump and APEC leaders had endorsed the APEC Putrajaya Vision 2040 “that will make free and fair trade the focus of the APEC agenda for the next two decades”.

Although Trump’s administration declared the Asia-Pacific and competition with China to be foreign policy priorities, he has been criticised for limited personal engagement in Asia.

The only other time he has joined an APEC summit was in 2017. He also missed a summit of the Association of Southeast Asian Nations (ASEAN) last weekend, when 15 nations formed the world’s largest free-trade bloc, the Regional Comprehensive Partnership Agreement (RCEP), cementing China’s dominant role in regional trade.

In his remarks on Friday, Xi called for free and open trade and investment, and support for multilateralism.

He said China would “actively consider” signing up for a regional free-trade pact, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

When he took office, Trump pulled out of the Trans-Pacific Partnership trade pact, the predecessor to CPTPP.

Biggest challenge

Before the meeting, several APEC leaders warned against protectionism and expressed hope that a Biden administration will engage more and support multilateral trade.

“As we confront this generation’s biggest economic challenge, we must not repeat the mistakes of history by retreating into protectionism,” New Zealand Prime Minister Jacinda Ardern said on Friday at the APEC CEO Dialogues.

“APEC must continue to commit to keeping markets open and trade flowing.”

Singapore Prime Minister Lee Hsien Loong said on Thursday that U.S. trade policies under Trump had caused “very slow” progress in APEC in recent years, adding that he expected “more multilateralists” in the Biden administration.

U.S. Senator Chris Coons, seen as a contender for secretary of state under Biden, told Reuters he expected the new administration to make an analysis with Congress on “where we are and where we’re going in the U.S.-China bilateral relationship before making any decisions about either carrots or sticks” on trade and Chinese actions related to the coronavirus.Related News:

China blames ‘excuses’ for APEC discord, as US ties sour again

channelnewsasia

A major Asia-Pacific summit’s failure to agree on a communique resulted from certain countries “excusing” protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours the tone of China-U.S. ties ahead of a G20 meet.


Leaders attend the retreat session of the APEC Summit in Port Moresby, Papua New Guinea November 18, 2018. REUTERS/David Gray

BEIJING: A major Asia-Pacific summit’s failure to agree on a communique resulted from certain countries “excusing” protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours the tone of China-U.S. ties ahead of a G20 meet. Tiếp tục đọc “China blames ‘excuses’ for APEC discord, as US ties sour again”

Trump’s new Cold War alliance in Asia is dangerous

Washington Post

November 14

U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe pose after signing hats reading “Donald and Shinzo make alliance even greater.” Kawagoe, Japan, Nov. 5. (Franck Robichon/EPA-EFE/REX/Shutterstock)

Gurpreet S. Khurana, who first used the term “Indo-Pacific” a decade ago, is a maritime strategist and executive director of the National Maritime Foundation in New Delhi.

NEW DELHI — On his recent tour of Asia, U.S. President Donald Trump offered the world a first glance into his formative geopolitical strategy. Both in Vietnam at the Asia-Pacific Economic Cooperation summit and at his earlier meeting with Prime Minister Shinzo Abe in Japan, he spoke of the “Indo-Pacific” instead of the “Asia-Pacific,” the term used most often by previous American administrations. Tiếp tục đọc “Trump’s new Cold War alliance in Asia is dangerous”

Việt Nam, US sign $12b in trade deals

vietnamnews Update: November, 12/2017 – 21:53

The signing ceremony took place in the presence of President of Việt Nam Trần Đại Quang and President of the US Donald Trump, within the framework of the US President’s official state visit to Việt Nam. — Photo courtesy of VNA

HÀ NỘI — President Trần Đại Quang and President Donald Trump witnessed the signing of co-operation agreements worth a total of US$12 billion, mostly in aviation, petroleum and seaports between Việt Nam and the US after their talks in Hà Nội on Sunday. Tiếp tục đọc “Việt Nam, US sign $12b in trade deals”

“Giảm thiểu nguy cơ bất ổn, xây dựng lòng tin trên Biển Đông”

Dân Trí, Chủ nhật, 12/11/2017 – 19:36

Hội đàm 2 Tổng Bí thư Việt – Trung:

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Dân trí Hội đàm với Tổng Bí thư – Chủ tịch Trung Quốc, Tổng Bí thư Nguyễn Phú Trọng nhấn mạnh việc bảo đảm hoà bình, ổn định, giảm thiểu nguy cơ bất ổn, xây dựng lòng tin với vấn đề Biển Đông. Chủ tịch Tập Cận Bình thống nhất quan điểm nỗ lực kiểm soát tốt bất đồng, duy trì hoà bình, ổn định ở Biển Đông…

 >> Toàn cảnh lễ đón Chủ tịch Trung Quốc Tập Cận Bình tại Phủ Chủ tịch
 >> Bắn 21 loạt đại bác chào mừng Chủ tịch Trung Quốc tới Việt Nam

Chiều nay (12/11), tại trụ sở Trung ương Đảng, Tổng Bí thư Nguyễn Phú Trọng đã hội đàm với Tổng Bí thư – Chủ tịch nước Cộng hòa nhân dân Trung Hoa Tập Cận Bình. Hai bên bày tỏ vui mừng trước những tiến triển tích cực của quan hệ đối tác hợp tác chiến lược toàn diện Việt – Trung thời gian qua. Tiếp tục đọc ““Giảm thiểu nguy cơ bất ổn, xây dựng lòng tin trên Biển Đông””

Contrasting visions as APEC CEO Summit closes

vietnamnews Update: November, 11/2017 – 08:16

US President Donald Trump addresses at the CEO Summit 2017 on Friday. — VNA/VNS Photo

ĐÀ NẴNG – In strong speeches laying out widely differing visions on the future of international trade, the presidents of China and the US yesterday stressed the importance of regional peace and security to stable, sustainable growth. Tiếp tục đọc “Contrasting visions as APEC CEO Summit closes”

31st ASEAN Summit, related meetings to talk ASEAN Vision realisation

vietnamnews Update: November, 11/2017 – 19:25

Prime Minister Nguyễn Xuân Phúc will lead a high-ranking delegation of Việt Nam to the ASEAN-31, the 20th ASEAN+3 Summit. — VNA/VNS Photo

HÀ NỘI — The 31st ASEAN Summit (ASEAN-31) and related meetings, which will be held in Manila, the Philippines, from Sunday to Tuesday, are set to focus on orientations and measures for enhancing connectivity to realise the ASEAN Community Vision 2025.Prime Minister Nguyễn Xuân Phúc will lead a high-ranking delegation of Việt Nam to the ASEAN-31, the 20th ASEAN+3 Summit (with China, Japan and the Republic of Korea), the ASEAN+1 meetings (with China, Japan, the Republic of Korea, India, the US, Canada, the European Union, and the United Nations), and the 12th East Asia Summit. Tiếp tục đọc “31st ASEAN Summit, related meetings to talk ASEAN Vision realisation”

TPP-11 gets new name, renewed growth focus

vietnamnews Update: November, 11/2017 – 19:15

Việt Nam’s Industry and Trade Minister Trần Tuấn Anh (left) and Japanese economic revitalisation minister Toshimitsu Motegi, co-chair Saturday’s press conference. — VNA/VNS Photo

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APEC 2017: Voices of the Future issues declaration for youth

vietnamnews Update: November, 11/2017 – 09:00

Youth representative attending the 2017 APEC Voices of the Future visit a craft village making traditional lanterns in ancient Hội An City. – VNA/VNS Photo
QUẢNG NAM – The youth representatives of 17 out of 21 Asia-Pacific Economic Cooperation (APEC) member economies adopted a declaration for youth at the closing ceremony of APEC Voices of the Future 2017 in the central province of Quảng Nam on Friday.In the declaration, the delegates said they believe that they will diminish the disparities between economies, accelerate communication, decrease the cost for new startups, and generate more opportunities for young people through a communication platform. Tiếp tục đọc “APEC 2017: Voices of the Future issues declaration for youth”

2017 APEC Ministerial Meeting Joint Ministerial Statement

vietnamnews Update: November, 11/2017 – 19:20

2017 APEC MINISTERIAL MEETING

Joint Ministerial Statement

We, the Asia-Pacific Economic Cooperation (APEC) Ministers, met on 8 November 2017 in Da Nang, Viet Nam under the chairmanship of H.E. Pham Binh Minh, Deputy Prime Minister, Minister of Foreign Affairs, and H.E. Tran Tuan Anh, Minister of Industry and Trade of the Socialist Republic of Viet Nam. Tiếp tục đọc “2017 APEC Ministerial Meeting Joint Ministerial Statement”

The 25th APEC Economic Leaders’ Meeting adopts Đà Nẵng Declaration

vietnamnews Update: November, 11/2017 – 19:20

                                                                                                                THE 25TH APEC ECONOMIC LEADERS’ MEETING

Da Nang, Viet Nam 11 November 2017

Da Nang Declaration

Creating New Dynamism, Fostering a Shared Future

1.        We, the Leaders of APEC, gathered in Da Nang, Viet Nam under the theme Creating New Dynamism, Fostering a Shared Future, determined to take bolder and sustained collective actions to inject new dynamism into APEC cooperation to promote sustainable, innovative and inclusive growth, deepen regional economic integration, realize the full potential of the business sector, particularly micro, small and medium-sized enterprises (MSMEs), and enhance food security and sustainable agriculture. Tiếp tục đọc “The 25th APEC Economic Leaders’ Meeting adopts Đà Nẵng Declaration”

Trade ministers agree Asia-Pacific trade pact without US

Jerome TAYLOR

,

AFP
After days of talks on the sidelines of the APEC summit in Danang, the so-called TPP-11 nations made a breakthrough early Saturday, a day after Donald Trump's ladled out more 'America First' rhetoric in an address to world leaders
After days of talks on the sidelines of the APEC summit in Danang, the so-called TPP-11 nations made a breakthrough early Saturday, a day after Donald Trump’s ladled out more ‘America First’ rhetoric in an address to world leaders (AFP Photo/JORGE SILVA)

Danang (Vietnam) (AFP) – Trade ministers from 11 Asia-Pacific countries agreed Saturday to press ahead with a major trade deal without the United States, as the world’s largest economy seeks to go it alone under President Donald Trump’s ‘America First’ policy.

Trump pulled his country from the Trans Pacific Partnership (TPP) at the start of the year, dismaying allies and casting into doubt an agreement heralded for tying lower tariffs to strong environmental and labour protections.

Tiếp tục đọc “Trade ministers agree Asia-Pacific trade pact without US”

Trump brings tough trade message in vision for Asia in Vietnam speech

Although he was addressing a meeting alongside the summit of Asia-Pacific leaders, Trump repeatedly referred to the Indo-Pacific region and mentioned the importance of India in his speech

By Reuters / Tuoi Tre News

November 10, 2017, 15:05 GMT+7

Trump brings tough trade message in vision for Asia in Vietnam speech
U.S. President Donald Trump speaks on the final day of the APEC CEO Summit, part of the broader Asia-Pacific Economic Cooperation (APEC) leaders’ summit, in Danang, Vietnam, November 10, 2017. Photo: Reuters

DANANG, Vietnam — U.S. President Donald Trump set out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam on Friday, saying the United States could no longer tolerate chronic trade abuses and would insist on fair and equal policies.

Trump said the United States was ready to make a bilateral deal with any country in the Indo-Pacific region, but only on the basis of “mutual respect and mutual benefit”. Tiếp tục đọc “Trump brings tough trade message in vision for Asia in Vietnam speech”

Vietnam top APEC target for CEOs’ overseas investment, despite automation challenges: survey

Vietnam is also one of the biggest domestic investment winners among APEC economies, according to PwC

By Tuoi Tre News

November 9, 2017, 17:30 GMT+7

Vietnam top APEC target for CEOs’ overseas investment, despite automation challenges: survey
Sridharan Nair (center), territory senior partner for PwC Malaysia and Vietnam, is pictured at a press conference in Da Nang, central Vietnam, on November 8, 2017. Son Luong/Tuoi Tre News

Asia-Pacific business leaders’ confidence has hit a three-year high, while Vietnam has emerged as a popular destination for new funds among members of the Asia-Pacific Economic Cooperation (APEC), a PwC survey finds.

Thirty-seven percent of APEC CEOs are “very confident” of revenue growth during the next 12 months, up from 28 percent in 2016 despite trade policy uncertainty and related political tensions in many of the economies that make up APEC, according to findings from the APEC 2017 CEO survey. Tiếp tục đọc “Vietnam top APEC target for CEOs’ overseas investment, despite automation challenges: survey”