02:18Papua New Guinea: APEC statement delayed after China-US debate
Papua New Guinea Prime Minister Peter O’Neill wrapped up the APEC 2018 summit in Port Moresby on Sunday, and said that a formal closing statement will be released in coming days.
O’Neill thanked all leaders for participating in the summit and pointed out that through APEC they "are trying to ensure that we achieve free and open trade investment by 2020."
He added that APEC leaders "recognised" the "new challenges" the world is facing today, as well as "the rising tensions between the trading countries around the world, particularly on goods and services that are being traded between each other."
The formal written declaration has been delayed due to the APEC leaders’ failure to reach a consensus, thanks to competing visions of trade policy chiefly between China and the US.
The 2019 APEC Summit will be hosted by Chile in 2019.
02:18Papua New Guinea Prime Minister Peter O’Neill wrapped up the APEC 2018 summit in Port Moresby on Sunday, and said that a formal closing statement will be released in coming days.
O’Neill thanked all leaders for participating in the summit and pointed out that through APEC they "are trying to ensure that we achieve free and open trade investment by 2020."
He added that APEC leaders "recognised" the "new challenges" the world is facing today, as well as "the rising tensions between the trading countries around the world, particularly on goods and services that are being traded between each other."
The formal written declaration has been delayed due to the APEC leaders’ failure to reach a consensus, thanks to competing visions of trade policy chiefly between China and the US.
The 2019 APEC Summit will be hosted by Chile in 2019.