APEC summit opens in Papua New Guinea – NHK WORLD

APEC summit opens in Papua New Guinea

Leaders from 21 Pacific-rim economies have begun their summit in the south Pacific nation of Papua New Guinea.

The Asia-Pacific Economic Cooperation summit began with a dinner in the nation’s capital Port Moresby on Saturday evening.

Japanese Prime Minister Shinzo Abe arrived in the country earlier in the day. He joined US Vice President Mike Pence and Chinese President Xi Jinping in attending a meeting of the APEC business advisory council.

Abe also attended a dialogue session with Pacific island nations including Fiji and Micronesia.

During the 2-day summit, the APEC leaders will discuss deepening regional economic integration amid a rise in protectionism.

Prime Minister Abe plans to stress that no countries benefit from retaliatory trade restrictions. At a time when the United States and China are embroiled in a trade dispute, he plans to express his commitment to establishing free and fair trade rules.

Abe also plans to state that infrastructure projects must meet international criteria in terms of transparency and the fiscal soundness of recipients. He will make the comments at a time when China is trying to expand its influence through infrastructure assistance to developing countries.

The summit will close on Sunday after the leaders adopt a declaration.

Source: Google News :

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