. 24/7 Space News .
TRADE WARS
APEC host says WTO and trade row scuppered joint declaration
by Staff Writers
Hong Kong (AFP) Nov 23, 2018

The host of a fractious Asia-Pacific summit said Friday that "alternative" views on free trade and WTO rules prevented members agreeing a joint communique for the first time ever, five days after the US-China trade row overshadowed the APEC meeting.

In a chairman's statement following last weekend's summit, Papua New Guinea prime minister Peter O'Neill said members had been unable to agree on sections concerning reform of the World Trade Organisation, and also protectionism.

"Most economies agreed to the following text, while a small number had alternative or additional views on paragraphs 9, 16 and 17," said O'Neill.

The highlighted paragraphs included a commitment to "improve the functioning of the WTO" by working "together to improve its negotiating, monitoring and dispute settlement functions".

Another urged economies "to advance trade in the region in a free, fair, and open manner, in a way that will support non-discriminatory, and mutually advantageous trade and investment frameworks.

During the summit, Chinese president Xi Jinping had lashed out at US trade protectionism, saying it was a "short-sighted approach" that was "doomed to failure".

Sources said going into the meeting the United States had pressed for the leaders to issue what amounted to a denunciation of the WTO and a call for its wholesale reform -- a step too far for Beijing, which would likely get less preferential treatment under any changes.

O'Neill wrote that his own statement "reflects the full discussion, including areas where member economies did not reach full consensus."

The annual gathering, held for the first time in Papua New Guinea, was overshadowed by speeches from Xi and US Vice President Mike Pence, which appeared to represent competing bids for regional leadership.

Pence warned smaller countries not to be seduced by China's massive Belt-and-Road infrastructure programme, mocking Beijing's "constricting belt" and "one-way road" initiative.

For the first time ever, the leaders failed to produce a joint declaration -- usually a technocratic exercise in fudging differences, overstating agreement and promising great things to come.


Related Links
Global Trade News


Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Monthly Supporter
$5+ Billed Monthly


paypal only
SpaceDaily Contributor
$5 Billed Once


credit card or paypal


TRADE WARS
China says 'cannot accept' new US trade accusations
Beijing (AFP) Nov 22, 2018
China said Thursday that it "cannot accept" Washington's latest accusations of unfair trade practises as the two economic giants exchanged barbs ahead of a key meeting between their presidents later this month. In an update to an earlier investigation into China's trade practices, Washington on Tuesday accused Beijing of failing to change its "unfair" trade practises, and said the country "appears to have taken further unreasonable actions in recent months". China's commerce ministry blasted the ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
First supply trip to space since Soyuz failure poised to launch

Space-inspired speed breeding for crop improvement

Zero G Kitchen prepares to launch its first appliance to Space

Poor weather delays US space cargo launch to Saturday

TRADE WARS
DLR is developing a reusable rocket engine for launching small satellites

Portugal builds spaceport in the Azores

Rocket Lab announces $140 Million in new funding

SpaceX plans to launch 71 satellites at once

TRADE WARS
NASA wants people on Mars within 25 years

Overflowing crater lakes carved canyons across Mars

How NASA will know when InSight touches down on Mars

For arid, Mars-like desert, rain brings death

TRADE WARS
China releases smart solution for verifying reliability of space equipment components

China unveils new 'Heavenly Palace' space station as ISS days numbered

China's space programs open up to world

China's commercial aerospace companies flourishing

TRADE WARS
Space technology company to set up high-volume production of ultra-powerful LEO satellite platforms

SpaceX gets nod to put 12,000 satellites in orbit

Extended life for ESA's science missions

ESA's 25 years of telecom: the beginning

TRADE WARS
Researchers create new 'smart' material with potential biomedical, environmental uses

BASF bets on China to power growth

Singapore probes embattled Noble Group for 'false statements'

A new lead on a 50-year-old radiation damage mystery

TRADE WARS
New database to archive amateur astronomer exoplanet data

A cold Super-Earth just 6 light years away at Barnard's Star

New Arecibo message challenge announced

Super-earth discovered orbiting the sun's famous stellar neighbor

TRADE WARS
Evidence for ancient glaciation on Pluto

SwRI team makes breakthroughs studying Pluto orbiter mission

ALMA maps temperature of Jupiter's icy moon Europa

NASA's Juno Mission Detects Jupiter Wave Trains









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.