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ECONOMY > Trade

APEC ministerial conference begins in Peru

  • November 18, 2016
  • , Asahi, Mainichi, Yomiuri, Nikkei, Sankei, Tokyo Shimbun
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All papers reported on the opening of this year’s APEC ministerial conference in Lima on Thursday, noting that attention is focused on whether or not the participants will be able to come up with measures to curb the protectionist sentiments triggered by Brexit and the election of Donald Trump. Although Foreign Minister Kishida, who is attending the conference with Economic Minister Seko, is expected to underscore the importance of the TPP, Asahi explained that some countries are looking to effectuate the agreement “without the U.S.” 

 

On the TPP, Nikkei said Prime Minister Abe may try to sway President-elect Trump to embrace it by underscoring that Japan is prepared to support U.S. infrastructure projects so as to increase jobs for Americans and that the TPP is necessary to prevent China from taking the initiative in establishing global trade rules in the future. Meanwhile, most papers wrote that Vietnamese Prime Minister Nguyen moved on Thursday to suspend administrative work to obtain parliamentary approval of the TPP on account of the Obama administration’s decision not to seek congressional endorsement of the regional free trade pact.

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