Apec ministers publish joint statement after wrangling over language
[DANANG] Ministers from Asia-Pacific Economic Cooperation (Apec) countries released a joint statement on Saturday, three days later than planned because of wrangling over traditional language that the United States wanted to change.
The statement still refers to free and open trade, to fighting protectionism and to recognising the world of the World Trade Organisation, but it also refers to fair trade and to members "improving adherence to rules agreed upon".
The statement from the Apec foreign and trade ministers had originally been due on Wednesday from the talks in the Vietnamese resort of Danang.
Apec leaders who meet on Saturday are due to release a separate communique.
US President Donald Trump has taken a strongly different stance on trade to predecessors with an emphasis on an "America First" policy that he says will protect American jobs and mean other countries do not take advantage of the United States.
Mr Trump drove home those points in a speech at the Apec meetings on Friday.
The discussion over the statement in Danang has been similar to that which took place at G-20 meetings where the Trump administration demanded changes to the usual language.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1