APEC talks conclude without communique amid US-China trade tensions

APEC talks conclude without communique amid US-China trade tensions
Canada seeks strategic allies as U.S.-China trade war dominates APEC
PORT MORESBY, Papua New Guinea — Leaders from the worlds two biggest economies exchanged tough language at this summit of Pacific Rim countries as their trade war showed no signs of abating amidst a larger struggle for influence in the region.

United States Vice-President Mike Pence told a gathering of business leaders at the Asia Pacific Economic Co-operation summit that there would be no backing down from tariffs until China changed its ways.

Five leaders — Pence, Japanese Prime Minister Shinzo Abe, Australian Prime Minister Scott Morrison, New Zealand Prime Minister Jacinda Ardern, and the host, O'Neill ​— called a news conference to announce their financial support for improving Papua New Guinea's electricity grid, with a goal of connecting 70 per cent of the mostly rural, developing country's population by 2030.

"China has taken advantage of the United States for many, many years and those days are over," Pence said.

Video: All 21 APEC Leaders arrives in Port Moresby for Leaders Summit

The Trump administration has levelled tariffs on US$250 billion in goods from China, over complaints of deep state subsidies for businesses and intellectual property theft.

Then came the two main morning sessions: if they held to the published schedule, the leaders met with Christine Lagarde, the managing director of the International Monetary Fund for about an hour, and then convened privately for half an hour to discuss the theme of this year's summit: "connecting for inclusive growth through [a] digital future."

APEC talks conclude without communique amid U.S.-China trade tensions

President Donald Trump mused Friday that he may not have to forge ahead with tariffs on remaining Chinese imports, suggesting the two sides were in sight of ending the dispute.

"The whole entire world is concerned about the debate that is going on about trade relations between China and, of course, the United States," O'Neill said. "This is a situation that both countries need to sit down and resolve. And I believe that the G20 meeting that is going to be held very shortly will be an opportune time."

Speaking just before Pence, Chinese President Xi Jinping called trade protectionism a short-sighted policy doomed to fail. And he made a call for greater consultation to resolve any issue.

"History has shown that confrontation, whether in the form of a cold war, a hot war or a trade war, will produce no winners," he said.

"We had a broad consensus on a wide range of issues," Trudeau said. "But I don't think that it will come as a huge surprise that there are different visions on particular elements in regards to trade and those prevented there from being a full consensus on the communique document."

APECs future in doubt after costly summit failure

The tit-for-tat speeches on the first day of the APEC leaders summit, bringing together 21 countries that account for 60 per cent of the worlds economy, framed different visions for the world as Pence looked to make allies like Canada pick sides in the battle for world influence.

The U.S. has been unhappy for years with some aspects of the way the WTO enforces the rules governing international trade. In particular, it objects to the way some rules are now applied to China, which the U.S. will not accept as a market economy, thanks to the dominance of its state-owned industries.

There are no plans at the moment for Prime Minister Justin Trudeau to have a one-on-one meeting with Xi, though he could bump into his Chinese counterpart in the hallways of the busy summit.

Trudeau met with Chinese Premier Li Keqiang on Wednesday in Singapore. Trudeaus office said the two expressed a consensus about the need for reforms to the World Trade Organization, a group Trump dislikes.

Before lunch, he met with Abe. The pair sat beside each other at the leaders' gala dinner Saturday evening and had a nearly two-hour informal conversation, a Canadian official said, prior to the 40 minutes they scheduled officially for Sunday.

Video: PNG and Philippines sign 2nd MOA on Rice Project in Port Moresby

Reforms to the worlds trade referee are on the agenda for this APEC meeting in Papua New Guinea, the poorest member of APEC that received millions in financial help from China and Australia to put on the summit.

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Outside a newly opened hotel which hosted Trudeaus first meeting of the day was a fence covered in a red sign with yellow writing promoting Xis "one-belt, one-road" project to expand trade routes around Asia. The project could take decades to complete, cost trillions and was harshly criticized by Pence and Australian Prime Minister Scott Morrison, who Trudeau will meet Sunday.

"Expectations are low and probably won't be fulfilled anyway." That was the brutal if prescient pre-summit prediction of William Reinsch, an analyst at the Center for Strategic and International Studies.

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"If it succeeds…China will definitely be a world power even more than it currently is," said Lorna Wright, executive director of the Centre for Global Enterprise at York Universitys Schulich School of Business.

China has spent millions in the host country to help it prepare for the summit, looking to gain some leverage over the islands energy resources.

And after all that, leaders came away with little more than three family photos and a loud shirt unlikely to be worn again.

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"They (China) are looking at creating long-term deals and guarantees with these smaller countries to extend their own commercial, military and hegemonic interest," said Shuvaloy Majumdar with the Macdonald-Laurier Institute, and a former Conservative government policy advisor.

The country already has one liquefied natural gas pipeline, and there are plans for a second development not far from the capital to tap a reserve originally found by a Canadian company.

Civil society is looking at China as the best bet for reducing illegal logging in Papua New Guinea and Solomon Islands. The two Melanesian countries are main suppliers of Chinas timber imports, large… Audio

LNG exports are a key contributor to the islands economy and locals involved in projects expect to ship more of the product to Asian markets, including China.

Trudeau met with the leaders from the Pacific island nations on Saturday and spoke about funding infrastructure resilient to the effects of climate change.

The New Zealand leader also officially open the newly constructed and redeveloped Gordons Market today ahead – the redevelopment was co-funded by New Zealand at a cost of 20 million US dollars.

"The opportunity that Canada takes very seriously to work with you on the very specific challenges facing small island developing states, the importance of capital flows and investments in infrastructure, are things that we are happy to sit down with you about," Trudeau said at the start of the meeting.

Baron Waqa, president of Nauru, told Trudeau that tsunamis, earthquakes and cyclones have created enormous losses for the economies of smaller island states, while a rising sea level shrinks their territory and increases water salinity that effects their food security.

Thie weekends APEC leaders summit has so far been dominated by tension between the US and China whose leaders swapped barbs regarding issues such as trade in their speeches yesterday.

Xi Jinping and Pence trade barbs on trade, influence

Trudeau said the island leaders want to frame themselves as key players in the Pacific region — both environmentally and economically.

"It is a powerful narrative which we frame and the perception and perspective of our region, away from the enduring narrative of small, isolated and fragile to that of large, connected and strategically important ocean continent," Waqa said.

However a number of Moresbys main freeways have been closed off and police have been out in full force questioning any vehicles traveling near the restricted zone.

US joins plan for Papua New Guinea naval base

President Xi says no one wins from war. Cold, hot or trade wars. A clear dig a the United States and the #AmericaFirst policies of @realDonaldTrump. One of many in the Chinese leaders speech, that espouses the virtues of open trade and global cooperation. #APECPNG2018

Xi now defending his #BeltandRoad initiative its inclusive form of global cooperation, not a trap as some people have called it. @MikePenceVP is one of those people. Referring to the trillion dollar initiative as debt diplomacy to have leverage over other countries.

A massive multi-national security operation is underway with about 4,000 military personnel, about half of whom are foreign, in the city duiring the summit.

Canadian Prime Minister Justin Trudeau (second from left) and other leaders participate in an APEC Leaders Official Photograph in Port Moresby, Papa New Guinea Saturday November 17, 2018. THE CANADIAN PRESS/Adrian Wyld

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Leaders from the world’s two biggest economies exchanged tough language at this summit of Pacific Rim countries as their trade war showed no signs of abating amidst a larger struggle for influence in the region.

Pence, Xi Sell Differing World Views

United States Vice-President Mike Pence told a gathering of business leaders at the Asia Pacific Economic Co-operation summit that there would be no backing down from tariffs until China changed its ways.

“China has taken advantage of the United States for many, many years and those days are over,” Pence said.

The Trump administration has levelled tariffs on US$250 billion in goods from China, over complaints of deep state subsidies for businesses and intellectual property theft.

President Donald Trump mused Friday that he may not have to forge ahead with tariffs on remaining Chinese imports, suggesting the two sides were in sight of ending the dispute.

Speaking just before Pence, Chinese President Xi Jinping called trade protectionism a short-sighted policy doomed to fail. And he made a call for greater consultation to resolve any issue.

“History has shown that confrontation, whether in the form of a cold war, a hot war or a trade war, will produce no winners,” he said.

The tit-for-tat speeches on the first day of the APEC leaders summit, bringing together 21 countries that account for 60 per cent of the world’s economy, framed different visions for the world as Pence looked to make allies like Canada pick sides in the battle for world influence.

There are no plans at the moment for Prime Minister Justin Trudeau to have a one-on-one meeting with Xi, though he could bump into his Chinese counterpart in the hallways of the busy summit.

Trudeau met with Chinese Premier Li Keqiang on Wednesday in Singapore. Trudeau’s office said the two expressed a consensus about the need for reforms to the World Trade Organization, a group Trump dislikes.

Reforms to the world’s trade referee are on the agenda for this APEC meeting in Papua New Guinea, the poorest member of APEC that received millions in financial help from China and Australia to put on the summit.

Outside a newly opened hotel which hosted Trudeau’s first meeting of the day was a fence covered in a red sign with yellow writing promoting Xi’s “one-belt, one-road” project to expand trade routes around Asia. The project could take decades to complete, cost trillions and was harshly criticized by Pence and Australian Prime Minister Scott Morrison, who Trudeau will meet Sunday.

“If it succeeds…China will definitely be a world power even more than it currently is,” said Lorna Wright, executive director of the Centre for Global Enterprise at York University’s Schulich School of Business.

China has spent millions in the host country to help it prepare for the summit, looking to gain some leverage over the island’s energy resources.

US-China discord dominates APEC summit in Papua New Guinea

“They (China) are looking at creating long-term deals and guarantees with these smaller countries to extend their own commercial, military and hegemonic interest,” said Shuvaloy Majumdar with the Macdonald-Laurier Institute, and a former Conservative government policy advisor.

Video: US announces Plans to Support Establishment of Joint Naval Base on Manus Island

The country already has one liquefied natural gas pipeline, and there are plans for a second development not far from the capital to tap a reserve originally found by a Canadian company.

Dont trade sovereignty for cash, Pence says in swipe at China

LNG exports are a key contributor to the island’s economy and locals involved in projects expect to ship more of the product to Asian markets, including China.

Trudeau met with the leaders from the Pacific island nations on Saturday and spoke about funding infrastructure resilient to the effects of climate change.

“The opportunity that Canada takes very seriously to work with you on the very specific challenges facing small island developing states, the importance of capital flows and investments in infrastructure, are things that we are happy to sit down with you about,” Trudeau said at the start of the meeting.

APEC leaders divided after US, China spat – The Jakarta Post

Baron Waqa, president of Nauru, told Trudeau that tsunamis, earthquakes and cyclones have created enormous losses for the economies of smaller island states, while a rising sea level shrinks their territory and increases water salinity that effects their food security.

Trudeau said the island leaders want to frame themselves as key players in the Pacific region – both environmentally and economically.

“It is a powerful narrative which we frame and the perception and perspective of our region, away from the enduring narrative of small, isolated and fragile to that of large, connected and strategically important ocean continent,” Waqa said.