Japan PM Abe Seeks Restraint by U.S., China at APEC Summit

Port Moresby, Nov. 18 (Jiji Press)--Japanese Prime Minister Shinzo Abe called for restraint by the United States and China, the two economic superpowers now engaging in a tariff war, at a summit meeting of the Asia-Pacific Economic Cooperation forum in the Papua New Guinean capital of Port Moresby on Sunday. Pointing out that "retaliations with trade-restricting, protectionist measures have become extensive," Abe stressed, "Any measures should be taken in line with World Trade Organization rules." Then he highlighted Japan's stance of promoting free and fair trade rules and reform of the WTO and seeking an early conclusion of Regional Comprehensive Economic Partnership talks. "We will endeavor to establish the ambitious Free Trade Area of the Asia-Pacific in the future," Abe noted. At the summit of the 21 APEC member economies, Abe gave explanations about the free and open Indo-Pacific initiative, now being pushed forward by Japan and the United States. Offering the view that the Asia-Pacific region will be the core of the envisaged zone, he said Japan is determined to play a leading role in helping the region remain the world's growth center. On domestic economic matters, Abe said Japan will tackle the issue of falling population. To realize a society in which all people can work throughout their lives, Japan will create a social security system for all generations after overhauling employment systems, Abe said. END