let's start though in Papua New Guinea the hosts for this year's APEC summit
the annual gathering of leaders from the asia-pacific region came to a close on
Sunday without an agreement for the first time since the forum was
established a quarter of a century ago the main sticking point continues to be
the intensifying trade war between the world's two economic superpowers the
United States and China Eason J starts us off for the first time since the APEC
summits inception 25 years ago leaders fail to agree on Sunday to a formal
joint statement according to CNN all 21 APEC members in attendance were in
agreement except one China a diplomat involved in the negotiation process said
tensions rose between the US and China with China's foreign minister Wang Yi
objecting to certain wording in the draft document of the joint agreement
sources say phrases like unfair trade practices may have caused Beijing's
negative reaction as it would appear the blame for the tensions lies at China's
feet during a speech at the APEC forum US Vice President Mike Pence said there
will be no end to the u.s. tariffs on 250 billion dollars of Chinese goods
until China changes its ways pence said China's trade practices and an
intellectual property theft goes beyond trade and into concerns about human
rights he also took aim at Chinese President Xi
Jinping's signature one belt one Road initiative saying countries should not
take Chinese development loans because the lead to staggering debt he urged
instead that countries work with the u.s. stressing that Washington does not
coerce corrupt or compromise their independence with the APEC summit ending
without agreement Papua New Guinea's Prime Minister Peter O'Neill and his
closing comments said the group will try to ensure free and open trade by 2020 he
later added the host nation will release a formal closing statement in the coming
days easing J Arirang news
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