Asia-Pacific leaders failed Sunday to bridge gaping divisions over trade at a summit dominated by a war of words between the US and China as they vie for regional influence. For the first time, APEC leaders were unable to agree on a formal written declaration amid sharp differences between the world's top two economies over the rules of global trade. What can I say? Canada's Prime Minister Justin Trudeau admitted the failure came down to "different visions on particular elements with regard to trade that prevented full consensus.
That demand was a step too far for Beijing, which would likely get less preferential treatment under any changes. O'Neill indicated the WTO had been a sticking point in agreeing a joint communique. That is a fact," he said. O'Neill denied it was a humiliation for his poverty-hit country, which was hosting the annual gathering of the 21 nations for the first time.
As tensions boiled over, police were called when Chinese officials attempted to "barge" into the office of PNG's foreign minister in an eleventh-hour bid to influence a summit draft communique, three sources with knowledge of the situation told AFP. Chinese foreign ministry official Zhang Xiaolong denied the incident, telling reporters: "It's not true. It's simply not true". Pence warned smaller countries not to be seduced by China's massive Belt-and-Road infrastructure programme, which sees Beijing offer money to poorer countries for construction and development projects.
The "opaque" loans come with strings attached and build up "staggering debt", Pence charged, mocking the initiative as a "constricting belt" and a "one-way road".
.png/:/rs=w:600,cg:true,m "Whores in Port Moresby")
In a speech to business leaders just minutes before Pence, Xi insisted the initiative was not a "trap" and there was no "hidden agenda" -- amid criticism that it amounts to chequebook diplomacy in the region.
