Asia-Pacific forum sticks to free-trade gospel despite Trump
DANANG, Vietnam — An annual Pacific Rim summit is sticking with its tradition of promoting free trade and closer regional ties, shrugging off President Donald Trump’s “America First” approach.
The leaders of the 21-member Asia-Pacific Economic Cooperation forum said Saturday that they had recommitted to fighting protectionism and “all unfair trade practices.” They also expressed support for multi-country institutions and regional as well as country-to-country trade agreements.
Trade ministers from 11 of the Pacific Rim countries announced an agreement on pushing ahead with a free-trade deal, the Trans-Pacific Partnership, whose destiny had been cast into doubt after Trump pulled the U.S. out.
Efforts to get an agreement on how to proceed without the U.S. stumbled at the last moment, with leaders unable to formally endorse the proposal. But trade ministers announced a preliminary deal, with some details to be worked out later.