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Benefits of free trade rupturing amid growing protectionism: APEC nations

Russian President Vladimir Putin is not attending APEC

Reuters  |  Port Moresby 

Fault lines were quick to emerge over the future of free trade as leaders gathered for an Asia-Pacific summit on Saturday, with some calling for radical change while others argued for a return to the status quo on globalisation. Speaking at the Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea, Malaysian Prime Minister Mahathir Mohamad warned that globalisation was leaving some people behind and fuelling inequality. "The benefits of free and fair trade and economic integration have been ruptured, exemplified by Brexit and trade wars between major ...

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First Published: Sat, November 17 2018. 08:14 IST