135767
132072

World  

Summit ends with no deal

An acrimonious meeting of world leaders in Papua New Guinea failed to agree Sunday on a final communique, highlighting widening divisions between global powers China and the U.S.

The 21 nations at the Asia-Pacific Economic Cooperation summit in Port Moresby struggled to bridge differences on the role of the World Trade Organization, which governs international trade, officials said. A statement was to be issued instead by the meeting's chair, Papua New Guinea Prime Minister Peter O'Neill.

"The entire world is worried" about tensions between China and the U.S., O'Neill told a mob of reporters that surrounded him after he confirmed there was no communique from leaders.

It was the first time leaders had failed to agree on a declaration in 29 years of the Pacific Rim summits that involve countries representing 60 per cent of the world economy.

Draft versions of the communique seen by The Associated Press showed the U.S wanted strong language against unfair trade practices that it accuses China of. China, meanwhile, wanted a reaffirmation of opposition to protectionism and unilateralism that it says the U.S. is engaging in.

The U.S. has imposed additional tariffs of $250 billion on Chinese goods this year and Beijing has retaliated with its own tariffs on American exports.

"I don't think it will come as a huge surprise that there are differing visions" on trade, said Canadian Prime Minister Justin Trudeau. "Those prevented there from being a full consensus on the communique."

The two-day summit was punctuated by acrimony and also underlined a rising rivalry between China and the West for influence in the usually neglected South Pacific, where Beijing has been wooing impoverished island states with aid and loans.

U.S. Vice-President Mike Pence and Chinese President Xi Jinping traded barbs in speeches on Saturday.

Pence professed respect for Xi and China but also harshly criticized the world's No. 2 economy for intellectual property theft, forced technology transfers and unfair trading practices. He accused China of luring developing nations into a debt trap through the loans it offers for infrastructure.

The world, according to Xi's speech, is facing a choice between co-operation and confrontation as protectionism and unilateralism grows. He said the rules of global institutions set up after World War II such as the World Trade Organization should not be bent for selfish agendas.

Pence told reporters that during the weekend he had two "candid" conversations with Xi, who is expected to meet President Donald Trump at a Group of 20 summit at the end of this month in Argentina.

"There are differences today," Pence said. "They begin with trade practices, with tariffs and quotas, forced technology transfers, the theft of intellectual property. It goes beyond that to freedom of navigation in the seas, concerns about human rights."

The U.S. is interested in a better relationship "but there has to be change" from China's side, Pence said he told Xi, who responded that dialogue is important.

China's foreign ministry rejected the U.S. criticism that it was leading other developing nations into debt bondage.

"The assistance provided by China has been warmly welcomed by our partners in this region and beyond," Wang Xiaolong, a foreign ministry official, told a news conference.

"No country either in this region or in other regions has fallen into a so called debt trap because of its co-operation with China. Give me one example," he said.



More World News

World
133242
London Webcam
Webcam provided by webcams.travel
56309
Recent Trending
133846
Okanagan Oldies
133504
Castanet Proud Member of RTNDA Canada
133992



134574
135451