Showing posts with label COOPERATION. Show all posts
Showing posts with label COOPERATION. Show all posts

Friday, 10 November 2017

Donald Trump lauds India's economic reforms, PM Modi at APEC Summit

APEC Summit, Donald Trump

US President Donald Trump today praised India's "astounding" growth after it opened its economy and also lauded Prime Minister Narendra Modi, saying he has been working successfully to bring the vast country and its people together.

Speaking at a gathering of CEOs on the sidelines of the annual Asia-Pacific Economic Cooperation (APEC) summit here in Vietnam, Trump said that countries outside of the grouping were also making "great strides in this new chapter for the Indo-Pacific".

He pointed out that India was celebrating the 70th anniversary of its independence and highlighted that the country was a sovereign democracy with a population of 1.3 billion as well as the largest democracy in the world.

"Since India opened its economy, it has achieved astounding growth and a new world of opportunities for its expanding middle class," Trump said.

"And Prime Minister (Narendra) Modi has been working to bring that vast country and all of its people as one. And he has been working at it very successfully indeed," the US President said.
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Tuesday, 16 May 2017

Japan's Shinzo PM Abe reaffirms conviction that TPP benefits Asia-Pacific

Shinzo Abe

Japanese Prime Minister Shinzo Abe's conviction that a Trans-Pacific Partnership (TPP) pact will help bring prosperity to the Asia-Pacific region is unaltered, he said on Tuesday.

After US President Donald Trump pulled out of the 12-nation pact, Japan has been exploring options to revive the pact without the United States, hoping it can eventually convince Trump to reconsider.

Negotiators from the remaining 11 members have sought ways to resuscitate talks and deepen economic ties without a United States that appears increasingly suspicious of multilateral deals.

Abe urged global policymakers not to view trade as a "zero-sum" game, but instead seek to remove barriers that hamper innovation from crossing borders.

"I don't think TPP is losing momentum," Abe said at a seminar hosted by the Wall Street Journal newspaper in the Japanese capital.

"Japan wants to exert leadership so that we can steer the debate toward a clear direction at a ministerial meeting in Hanoi."

However, Abe said he did not rule out the chance of signing a bilateral free trade agreement (FTA) with the United States, an option Washington favours.

"It's among the various options available for Japan," he added. "But we need to discuss more what's best for Japan."

In a sign of hope for Japan, new US Trade Representative Robert Lighthizer will attend a meeting of trade ministers from the 21 Asia-Pacific Economic Cooperation (APEC) countries on Thursday and Friday in the Vietnamese capital of Hanoi.

Many TPP signatories are expected to attend.

Japan's economic revival continues to be Abe's top policy priority, he added.

"We're unwavering in standing ready to continue deploying the three arrows of fiscal, monetary and structural measures" to end deflation, Abe said.
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