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China wins support for APEC trade plan
Chinese President Xi Jinping held informal talks with his US counterpart Barack Obama here on Tuesday in a bid to iron out differences between the world\'s top two economies even as China won support for its \"historic\" Asia-Pacific trade plan despite American opposition.
- Obama holds an informal meet with Xi Jinping
- World leaders agree to work on the free-trade plan
Beijing: Chinese President Xi Jinping held informal talks with his US counterpart Barack Obama here on Tuesday in a bid to iron out differences between the world's top two economies even as China won support for its "historic" Asia-Pacific trade plan despite American opposition.
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Making a difficult trip to China, soon after the poll reversal at home where the Republicans won majority in the Congress, Obama took a leisurely walk with Xi at the well- fortified Zhongnanhai, the home of China's top leaders, looking to strike a less confrontational relationship.
Obama who is here on a three-day visit to attend the Asia Pacific Economic Cooperation (APEC) summit is due to hold formal talks with Xi on Wednesday.
Hours before the Xi-Obama meeting, top world leaders at the APEC summit on Tuesday agreed to work towards possible adoption of a "historic" free-trade deal proposed by China, in a victory for the Communist giant as it strives for a bigger role in formulating global trade policy.
The Asia-Pacific Economic Cooperation (APEC) members' endorsement of a roadmap for promoting the Free Trade Area of the Asia-Pacific (FTAAP) process was "a decision to be written into history books", Xi said here while wrapping up the two-day jamboree of the 21-member APEC summit held with an opulent display of Chinese hospitality.
The move was "a historic step we took in the direction towards realising the FTAAP," marking the official launch of the FTAAP process and demonstrating the confidence and determination of the APEC in advancing regional economic integration, Xi said .
