APEC Summit Starts amid Intensifying U.S.-China Trade Row

Economy

Port Moresby, Nov. 17 (Jiji Press)--Top leaders of the Asia-Pacific Economic Cooperation forum member economies kicked off their two-day meeting in Port Moresby, the capital of Papua New Guinea, on Saturday, amid intensifying trade friction between the United States and China.

During the APEC summit, Japanese Prime Minister Shinzo Abe will express concern over ongoing tariff wars, informed sources said.

Now that the 11-member Trans-Pacific Partnership agreement set to enter into force by the end of the year despite the U.S. withdrawal from the regional multilateral free trade framework, Abe will call for establishing free and fair economic rules in the APEC region covering 21 economies, the sources said.

From the United States, Vice President Mike Pence is taking part in the summit for the sake of President Donald Trump.

It is highly likely that Pence and Chinese President Xi Jinping will lock horns on trade issues and vie for the leadership in infrastructure development in the region.

[Copyright The Jiji Press, Ltd.]

Jiji Press