President Xi Jinping Becomes Speaker at RCEP Summit, Trump Choose Absence

bisa19 (25)in #news • 4 years ago

Chinese President Xi Jinping will be one of the speakers at the virtual RCEP summit on Thursday, November 19, 2020. Meanwhile, US President Donald Trump chose to skip the meeting.

President Trump's absence at the RCEP summit is thought to have followed his defeat in the presidential election on November 3, 2020. Trump still doesn't want to acknowledge the election results, but he has begun to transfer power to President-elect Joe Biden.

The United States has yet to name the delegates who will attend the RCEP Summit. But United States Deputy Secretary of State Stephen Biegun appeared to attend a virtual APEC ministerial meeting on Monday, November 16, 2020.

RCEP or Regional Comprehensive Economic Partnership (RCEP) is an economic cooperation. At the end of last week, 15 countries signed the RCEP cooperation and received Chinese support. There are dozens of APEC members who have applied to become RCEP members.

Malaysia will host the RCEP Summit on Thursday, 19 November 2020. The Minister of Trade of Malaysia, Azmin Ali acknowledged that there were disagreements among members regarding the level of ambition in pursuing the APEC vision and the multilateral trade approach and economic integration.

A joint statement by the ministers of APEC member countries on Monday, November 16, 2020 highlighted the need to uphold fair trade practices and non-discrimination in order to promote economic recovery from the coronavirus pandemic, in addition to implementing structural reforms to promote inclusive and sustainable economic growth.

4 years ago in #news by bisa19 (25)

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