APEC summit coverage: What you need to know

Here’s everything we know about what’s happening in the Asia-Pacific Economic Cooperation Summit this week. And we’ll be keeping you updated on the summit on Twitter: Meeting of world leaders in Vietnam’s Danang. President…

APEC summit coverage: What you need to know

Here’s everything we know about what’s happening in the Asia-Pacific Economic Cooperation Summit this week. And we’ll be keeping you updated on the summit on Twitter:

Meeting of world leaders in Vietnam’s Danang.

President Barack Obama, Chinese President Xi Jinping and other leaders will be in Danang, Vietnam this week for the annual APEC economic summit. This year’s economic package includes things like an increase in tariffs on Chinese imports, the potential for an arms trade treaty and China’s involvement in The Hague-led International Criminal Court.

Host country Vietnam is seeing strong investment in businesses tied to the summit, but Vietnamese authorities are dealing with the sometimes tense relationship between China and the small Asian nation. Beijing is trying to increase its economic influence in Southeast Asia, in part through its ruling in the recent South China Sea ruling that it is the country with economic interests in the area.

Xi is expected to be critical of the ruling. President Obama and Chinese counterpart Xi are also expected to hash out trade disputes over Beijing’s alleged subsidies for exports to America and its national security strategy that relies on the sharing of information from American corporations.

Host nation Vietnam is seeing strong investment in businesses tied to the summit, but Vietnamese authorities are dealing with the sometimes tense relationship between China and the small Asian nation. Beijing is trying to increase its economic influence in Southeast Asia, in part through its ruling in the recent South China Sea ruling that it is the country with economic interests in the area. Xi is expected to be critical of the ruling. President Obama and Chinese counterpart Xi are also expected to hash out trade disputes over Beijing’s alleged subsidies for exports to America and its national security strategy that relies on the sharing of information from American corporations.

Japan and North Korea renew tensions

The first day of this year’s APEC summit was marked by a tense press conference between Japanese Prime Minister Shinzo Abe and Kim Jong Un, leader of the Democratic People’s Republic of Korea, in which they failed to reach a conclusion on an agreement to give talks another chance. Japanese and South Korean officials had hoped to resolve North Korea’s recent nuclear weapons program, but negotiations collapsed when North Korea walked away from a pending deal.

The frustration continued Thursday when U.S. Defense Secretary James Mattis told the APEC summit that it was crucial that the U.S. prevent more North Korean nuclear tests and that China, Russia and Japan would need to agree to maintain pressure on the nation.

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A day after he said talks were “up to them,” North Korean leader Kim Jong Un told an APEC summit that he wants to continue negotiations.

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