APEC Summit Leaders Take Aim at Trump Over Trade Tasnim News
go to original November 20, 2016

Mexican President Enrique Pena Nieto on Donald Trump & Nafta at Apec Summit (LesGrossman News)

Related: Asia-Pacific Summit Closes with Call to Work for Free Trade (Associated Press)

Several US allies took aim at Donald Trump's views on global trade, while China's president made an impassioned call against the sort of protectionism favored by the president-elect at a summit of Asian-Pacific leaders on Saturday.

The Asia-Pacific Economic Cooperation forum is taking place in Peru as world leaders are on edge over Trump's campaign pledges to protect US jobs by backing out of the not-yet-implemented Trans-Pacific Partnership and renegotiating the North American Free Trade Agreement.

Mexican President Enrique Pena Nieto said NAFTA benefits workers and companies on both sides of the border. Still, he expressed concern that the US could be turning its back on a bilateral trade relationship responsible for moving $1 million worth of goods every minute.

"In the face of Trump's positioning, we're now in a stage of favoring dialogue as a way to build a new agenda in our bilateral relationship," Pena Nieto told business leaders. "Mexico, like the entire world, is about to initiate a new stage with the US and in commercial terms we want to give the right value to this strategic relationship between Mexico and the US."

New Zealand's Prime Minister John Key spoke more bluntly, saying the "tremendous despair" triggered by Trump's trade views can't be allowed to slow down economic integration by the rest of the world.

"Even if the United States doesn't want to engage in free trade, President Trump needs to know other countries do," said Key.

Read the rest at Tasnim News

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