APEC CONCLUDES, LEAVES MEDIA IN LIMBO

"No formal leaders statement was released at the conclusion of the 26th Asia Pacific Economic Corporation meet in Port Moresby with indications this has never happened before."

No formal leaders statement was released at the conclusion of the 26th Asia Pacific Economic Corporation meet in Port Moresby with indications this has never happened before.

 

PNG Prime Minister Peter O’Neill in his closing remarks said a formal statement from the APEC leaders will be released in the coming days, reflecting differences over trade issues between global trade giants US and China.

 

Among other discussions held, were digital economies,regional economic integration, free trade areas around the Asia Pacific region,services, innovation, gender and food security.

 

Mr O’Neill said leaders recognized the rising tensions amid the trading countries around the world particularly on goods and services with claims to have them resolved.

 

“With the APEC community holding close to 50% of the global population, 21 economies have continued to make great efforts in making sure the Asia Pacific Region continuous to achieve its inclusive economic growth and integrate so all economies continue a better standard of living.  

 

“Leaders have agreed to look into introducing and developing a post 2020 vision which will be developed in the next few years,”PM O’Neill said.  

 

Moments after stepping off the stage, the PM and his officials were swamped by local and international media bombarding him with questions as he made his exit.

 

Meanwhile, Chile is the next host country for APEC 2019.

By Rolland BANABA
November 18, 2018