Japan and other members of the Trans-Pacific Partnership agreed on Sunday to pursue their trade deal without the United States as the Trump administration's “America First” policy created tension at a meeting of Asia-Pacific countries. Turmoil over global trade negotiations was laid bare at a meeting of the Asia-Pacific Economic Cooperation (APEC) forum, which failed to agree on its usual joint statement after U.S. opposition to wording on fighting protectionism.
HANOI In a stormy first foray abroad for Robert Lighthizer, the new U.S. Trade Representative disagreed over protectionism with Asian and Pacific countries that look sceptically at the Trump administration's "fair trade" agenda.With the United States on one side and the 20 other members of the Asia Pacific Economic Cooperation (APEC) forum on the other at a meeting in Vietnam, a planned joint statement had to be scrapped because of these differences.In a discussion draft of the proposed...
By A. Ananthalakshmi and My PhamHANOI (Reuters) - Disagreements between Asian countries over a China-backed free trade deal surfaced at talks on Monday, raising questions over a target for concluding negotiations by the end of the year. The Regional Comprehensive Economic Partnership (RCEP) would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea, Australia and New Zealand as well as Southeast Asian nations.