The city of Beijing has been announced as the host of 2014’s regional summit and the latest announcement has spoiled the relations between China and Japan and has also put a question mark on the delicate relationship between the two Asian countries.
The main agenda for the gathering of Asia-Pacific Economic Cooperation (APEC) is creating a general agreement on freer trade, however, in speeches and meetings the tangles between China and most of the country's neighbors were very noticeable. The APEC summit was held on the Indonesian resort island of Bali in 2013.
The summit provided an opportunity for regional leaders to discuss various issues in formal, as well as informal settings. There are more than 3 billion people in the grouping of nations and territories present at the summit and they also account for more than half of the world economy. The Indonesian President Susilo Bambang Yudhoyono, while concluding the summit said, “The close collaboration will result in a win-win situation, especially at a time when the world economy has yet to fully recover”.
Most of the work during the summit was done in meetings held on the sidelines, however, there was no progress when it comes to the dispute between China and Japan over islands in the East China Sea.
Photo Credits: Telegraph