Asia-Pacific leaders on Saturday agreed to address “unfair trade practices” and urgently called for the removal of market distorting subsidies, a joint statement issued by 21 countries of the Asia-Pacific Economic Cooperation (APEC) said.

Their meeting in Vietnam showed the influence of U.S President Donald Trump, who has vowed to rewrite trade pacts he sees as unfavourable to the U.S.

“We will work together to make trade more inclusive, support improved market access opportunities and address unfair trade practices.

“We urgently call for the removal of market-distorting subsidies and other types of support by governments and related entities,” the statement read.

NAN

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