For the first time in history, the Asian economic summit ended without a full-fledged final Declaration. The reason for this is the differences between the United States and China on international trade issues.
As stated by the Prime Minister of Papua New Guinea Peter O’neill who hosted the summit, two giants in the same room could not agree on a number of issues. Among the differences, he said, is the role of the world trade organization and its reform.
The representative of China Zhang Xiaodong said that the participating countries of the summit left Papua New Guinea the right to issue a statement from all APEC members instead of the traditional Declaration of the leaders.
As a result of the summit APEC the statement will be published from which disputed items will be excluded.
The US and China have been involved in a trade war a long time, and the differences between Beijing and Washington were clearly manifested at the summit.
During the summit, the United States declared that it intended to create a naval base in Papua New Guinea together with Australia. This step is seen as a clear attempt to counter China’s growing influence in the region.
Us Vice President Mike Pence said that this base will help protect the sovereignty and Maritime rights of island States in the Pacific.
On Saturday, China’s leader Xi Jinping criticized Trump’s “America first” policy and said that countries preaching protectionism are doomed to failure.
Earlier, Mike Pence reported that Washington is ready to double the duties imposed on Chinese imports.
He also criticized China for the fact that its large-scale infrastructure programs, known as the “New silk road”, and issued by China in their loans drive small countries into huge debts.
He urged these countries do not work with China, but with the United States, saying that Washington does not corrupt other States and does not encroach on their independence.
Xi Jinping assured that China’s program to create a Eurasian transport system has no hidden intentions.