4 killed in Peru shopping centre fire ahead of Asia summit

The economic leaders will be welcomed by Peru President Pablo Kucynski, who like President Duterte was elected only this year.

“Our workers and the communities that support them will thrive again, as more and more companies compete to set up manufacturing in the U.S., to hire our young people and give them hope and a real shot at prosperity again”. “They said our route is through New Zealand”, he added.

The quakes came at the time when Donald Trump’s election as United States president is sending its own economic shockwaves. The upcoming Economic Leaders’ Meeting may well approve the strategic study, which is part of the Beijing Roadmap to the FTAAP, said Raul Salazar, a senior Peruvian official, in an interview with Xinhua.

“I am in favor of trade and Canada is in favor of trade because we know that it leads to growth and good jobs for the middle class”.

Obama’s signature trade initiative in the Asia-Pacific, the Trans-Pacific Partnership (TPP), meanwhile faces near-certain death.

Apec, founded in 1989, is a forum for 21 Pacific Rim countries that seeks to promote the liberalisation of trade and investment, facilitate business and promote economic cooperation and achieve prosperity among member economies.

As of Sunday, Duterte has not disclosed any plans in New Zealand.

“We really can’t afford to be out of any of these negotiations”.

Trade boosters are hopeful the incoming Trump administration will provide leadership on trade, rather than retreat behind barriers.

Mr Trump is expected to deliver the last rites to the controversial 12-country free trade pact after his inauguration in mid-January.

“Trade is slow but Apec economies are doing better than the rest of the world”.

“We have always thought the pathways were TPP, or possibly RCEP plus other things, and now we have to rethink some of that”, APEC executive director Alan Bollard was reported as saying this week.

The world also faces the prospect of a trade war between the Washington and Beijing, with Mr Trump threatening to slap a 45 per cent tariff on Chinese imports.

“The evidence is not that strong that free trade is responsible for taking away jobs from countries, but that’s how people feel and you have to deal with that perception”, he said.