trump’s trade rep brings ‘america first’ policy to asiapacific summit
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trump’s trade rep brings ‘America First’ policy to Asia-Pacific summit

Arab Today, arab today

Arab Today, arab today Trump’s trade rep brings ‘America First’ policy to Asia-Pacific summit

US Trade Representative Robert Lighthizer and Japan’s Trade Minister Hiroshige Seko
Hanoi - Arab Today

US President Donald Trump’s new trade representative held his first face-to-face meetings with some key partners on Saturday as the US charts an “America First” policy that has upended the old global order and sparked fears of protectionism.
Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam’s capital, Hanoi, the biggest trade meeting since Trump took office.
Its members account for over 40 percent of world trade.
Lighthizer and Hiroshige Seko, Japan’s economy, trade and industry minister, agreed on strengthening bilateral trade and removing barriers, a statement from the US trade representative said.
“In particular, both sides agreed to strengthen cooperation to address common concerns with respect to unfair trade practices utilized by third countries,” it said.
A draft seen by Reuters of the APEC meeting statement to be issued on Sunday emphasized free trade and warned of the dangers of protectionism.
But the different approaches were evident in Hanoi.
Lighthizer was due to meet about a dozen counterparts there, including China’s representative, a US official said. The veteran lawyer and Reagan-era trade negotiator was only confirmed in his new role earlier this month.
China, putting itself forward as a global free-trade champion in light of the US shift, is pushing a free-trade agreement to encompass the vast majority of Asian economies. The Asia trade deal it favors is called the Regional Comprehensive Economic Partnership (RCEP).
Meanwhile, Japan is leading countries that want to persist with the Trans-Pacific Partnership (TPP) trade deal ditched by Trump in one of his first acts in office. TPP excludes China and covers a broader scope than the trade agreement favored by Beijing.
Negotiators from the so-called TPP-11 met to discuss how the agreement could be taken forward. Ministers from the group will take a decision early on Sunday.
The greatest challenge is keeping on board Vietnam and Malaysia, which joined largely to benefit from better access to the US market. Officials from both countries have said that without the Americans they would want to renegotiate.
New Zealand Trade Minister Todd McClay said he did not expect a big decision this weekend on how to go forward with the agreement.
“That will take some time. It will take most of this year,” he told Reuters. “We think the agreement is well balanced. We are willing to engage in conversation to better understand the positions of Malaysia and Vietnam and other countries.”
Japan hopes the US will one day rejoin the TPP agreement. But renegotiating the existing North America Free Trade Agreement (NAFTA) is a bigger immediate priority for Washington.
Canada’s trade minister said his meeting with Lighthizer went well and they discussed “a number of multilateral issues.” Lighthizer was also due to meet Mexico’s trade minister.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump’s trade rep brings ‘america first’ policy to asiapacific summit trump’s trade rep brings ‘america first’ policy to asiapacific summit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump’s trade rep brings ‘america first’ policy to asiapacific summit trump’s trade rep brings ‘america first’ policy to asiapacific summit

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange

GMT 14:40 2012 Saturday ,10 March

Magdy Al-Galad steps down

GMT 09:47 2017 Sunday ,12 March

Cat Camp in New York attracts cat lovers

GMT 14:57 2016 Friday ,09 September

Madonna, Ritchie settle child custody dispute

GMT 23:52 2017 Monday ,18 September

UAE economic growth boosting logistics sector
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday