Asia-Pacific leaders call for unity

putinnoda-afp.jpg.crop_display.jpg

Asia-Pacific leaders called on Saturday for unity in tackling a raft of economic challenges, as an annual summit began amid deep divisions over worsening territorial disputes and other rows.

Summit host President Vladimir Putin opened the two-day gathering of the Asia-Pacific Economic Cooperation bloc in the Far East Russian port of Vladivostok with a call for a renewed joint commitment to open up regional trade.

"By getting together and lifting barriers, we encourage dynamic development of the entire Asia-Pacific region and the global economy in general. It is important to build bridges, not walls," Putin told his fellow leaders.

The 21 members of the grouping that accounts for nearly half of world trade meet every year to build goodwill in their effort to break down trade barriers, with the bloc's rules decided by consensus.

But this year's summit began with APEC giants China, Japan and South Korea embroiled in various territorial disputes that have fanned intense nationalist flames, and with US-Chinese relations also heating up over the South China Sea.

Japanese Prime Minister Yoshihiko Noda said he would not hold customary bilateral summit talks with Chinese President Hu Jintao nor South Korea's Lee Myung-Bak because of Japan's separate territorial disputes with their nations.

APEC members Vietnam and the Philippines have also spoken out strongly against China in the lead-up to APEC.

They have accused their more powerful neighbour of a campaign of intimidation to enforce its claims to virtually all of the South China Sea, parts of which they contest.

Speaking at a pre-summit business forum earlier on Saturday, Chinese President Hu Jintao called for all countries to ensure the tensions did not escalate into more serious conflicts.

"To maintain peace and stability as well as the sound momentum of economic growth in the Asia-Pacific is in the interests of all countries in the region. It is our shared responsibility," Hu said, while also warning against protectionism.

The United States has riled China by calling for a code of conduct for the China Sea and insisting on freedom of navigation in the strategic waterway. China has also perceived a greater US focus on Asia as an effort to contain it.

US Secretary of State Hillary Clinton -- standing in for President Barack Obama -- said Thursday on a pre-summit swing through the region that Washington was not going to shy away from standing up for American strategic interests.

She emphasised at a business forum on the sidelines of the summit on Saturday that the United States was determined to increase its economic and political footprint in the region.

"After an extended period in which the United States had to focus a great deal of attention and resources on regions and conflicts elsewhere, we are now making substantially increased investments in the Asia-Pacific," she said.

"We seek to work with others to build a stable and just regional order that will benefit everyone."

APEC leaders have insisted they will still make progress in Vladivostok in opening up economies.

They will jointly call for greater efforts to 'support growth and foster financial stability and restore confidence', according to a draft of a leaders' statement to be released at the end of the summit and obtained by agencies.

It warns of mounting risks to the region from eurozone crisis in Europe and pledges to work to stoke domestic demand to counter falling exports.

The assembled leaders are also expected to approve a deal reached Thursday by their trade ministers to cut tariffs on a list of dozens of "green" products in the Asia-Pacific to boost trade in the goods and help protect the environment.

Putin's government has poured $20 billion into reviving Vladivostok, Russia's largest Pacific port, in hopes of turning it into an investment hub and promoting his nation's Pacific ambitions.

Post new comment

<form action="/comment/reply/187337" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: &lt;a&gt; &lt;em&gt; &lt;strong&gt; &lt;cite&gt; &lt;code&gt; &lt;ul&gt; &lt;ol&gt; &lt;li&gt; &lt;dl&gt; &lt;dt&gt; &lt;dd&gt;</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-4ff3bf863f6ef80205c07f0e1a8477f9" value="form-4ff3bf863f6ef80205c07f0e1a8477f9" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="85651243" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>

No Articles Found

No Articles Found

No Articles Found

I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.