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Prospect of US protectionism to be key issue at APEC summit: Soong

The China Post
Date: November 12, 2016
By: Yuan-Ming Chiao

TAIPEI, Taiwan — Donald Trump’s election and what it means for regional economies will be key

President Tsai Ing-wen, right, shakes hands with People First Party Chairman James Soong, left, during a meeting with Taipei’s delegation to APEC, at the Presidential Office Friday, Nov. 11. Soong will represent Tsai at the APEC summit in Peru. (CNA)

issues at next week’s Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, Taiwan delegation leader James Soong said Friday.

Although Soong described integrating Taiwan with the other members of the economic forum as his “key mission” at the summit, the potential rise of protectionism and isolationism in U.S. was also likely to be a major topic of discussion.

Regional trade agreements needed to seek “equal distribution” in order to offset social inequality, Soong said during a press conference held at the Executive Yuan.

The People First Party leader believed that merely pursuing overall prosperity without considering unemployment and the rural-urban divide were the main cause of electoral upsets such as Trump and Brexit.    [FULL  STORY]

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