Medical and Hospital 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 here;
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 Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


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
US Army unfurls miles of fencing along border with Mexico

EU to curb phone costs, set up emergency alert system

Trump says troops to remain at border 'as long as necessary'

Seven detained over east China chemical spill

TRADE WARS
Finland summons Russian ambassador over GPS blocking claims

Russia blocked GPS data during NATO exercises: Norway

Finnish PM: Jammed GPS signals may be work of Russia

Air Force taps Rockwell for jam-resistant GPS navigation systems

TRADE WARS
The 'Swiss Army knife of prehistoric tools' found in Asia, suggests homegrown technology

New virtual reconstruction of a Neanderthal thorax suggests another breathing mechanism

Late Miocene ape upper jaw discovered in western India

Ancient DNA reveals two new migrations from North to South America

TRADE WARS
Eel trafficking in the EU, the world's 'biggest wildlife crime'

Giant viruses has been found in a soil ecosystem

UK supermarket's viral orangutan ad slammed by palm oil giant

Three tiger cubs killed by Indian train

TRADE WARS
Researchers a step closer to understanding how deadly bird flu virus takes hold in humans

'Very serious': African swine fever spreads in China

15 emerging technologies that could reduce global catastrophic biological risks

Vaccinating humans to protect mosquitoes from malaria

TRADE WARS
China's president inaugurates Hong Kong-mainland mega bridge

China's youth embrace street dance amid hip-hop crackdown

Hong Kong democracy leaders plead not guilty in Umbrella Movement trial

Top Chinese university warns students to avoid activism

TRADE WARS
TRADE WARS








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.