Business Standard

Chile cancels APEC trade summit, climate gathering as Santiago burns

The abrupt move - which came after weeks of riots over inequality in Chile that have left at least 18 people dead - left the Asia-Pacific Economic Cooperation meeting in disarray

Chile protests
Premium

A masked demonstrator holds up a Chilean flag during a protest against Chile's state economic model in Santiago, Chile. Photo: Reuters

Reuters Santiago
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the global economy, as raging street protests gripped the South American country.

The abrupt move - which came after weeks of riots over inequality in Chile that have left at least 18 people dead - left the Asia-Pacific Economic Cooperation meeting in disarray, with participating countries caught off-guard and no alternative venue lined up.

Chilean President Sebastian Pinera, fighting for his political survival, said he had taken the "painful" decision

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2019 | 1:09 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com