[ad_1]
SINGAPORE – The conflict between US President Donald Trump and Beijing on tariffs threatens global trade while the leaders of the countries of Southeast Asia, China, the United States and the United States Other regional economies are meeting this week.
Countries in the region, many of which rely heavily on trade to grow their economies, respond by talking about free trade.
It is unclear whether this week's summit meetings of the Association of Southeast Asian Nations (10 nations) will yield concrete results. a new trade pact that would commit member countries and other countries in the Asia-Pacific region to further open their markets.
Participants badert that India is stubborn in further opening its markets to imports from China under the agreement. Regional Global Economic Partnership or RCEP.
Expectations are modest. Australian Prime Minister Scott Morrison said Tuesday in a statement that he would join Singapore leaders in "just looking at progress" with a view to an agreement.
But the current dynamic is in the direction of greater openness of trade.
"In a climate of rising anti-globalization sentiments and trade tensions, ASEAN will have to continue to remain open and connected and harness our collective strength to deal with disruptive trends and anchor our relevance for the future." 39, world economy, "said Singapore's Minister of Trade and Industry, Chan Chun Sing, said Monday to his colleagues of ministers of the economy
ministers endorsed statements on facilitation of more open trade, cooperation for the development of renewable energies and e-commerce.
He pointed out that ASEAN was a region of 630 million inhabitants. destined to become the world's fourth largest economy by 2030, after the United States, China and the European Union.
At a working conference on the sidelines of ASEAN summi Chinese Premier Li Keqiang has compared "growing unilateralism and protectionism", uncertainties and other destabilizing factors of harmful contaminants in an ocean.
"No country can effectively tackle these challenges alone," he said.
Discussions on the RCEP Trade Pact continue, another rival agreement, the Trans-Pacific Partnership of Twelve Nations, is moving forward despite Trump's withdrawal from the United States of Canada's free trade initiative Pacific coast three days after taking office.
Eleven other countries are preparing to usher in the revised trade agreement, the Global and Progressive Trans-Pacific Partnership, after ratification by Australia earlier this month. The agreement is to enter into force on December 30th.
Several other countries, including the Philippines and South Korea, are preparing to join the pan-Pacific agreement.
Japanese media announced that Taiwan's representative to Asia The Pacific Economic Cooperation Forum, former chairman of Morris Chang, a Taiwan Semiconductor Manufacturing member, is considering asking Japan to support the demand for Island to also become a member at an annual summit meeting of the APEC Group in Papua New Guinea later this month.
[ad_2]
Source link
