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World

Asia-Pacific leaders endorse work toward China-backed trade deal

Associated Press
Published | Updated
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    U.S. President Barack Obama, left, Chinese President Xi Jinping, right, and Russian President Vladimir Putin, center, arrive at the the Asia-Pacific Economic Cooperation (APEC) Summit plenary session at the International Convention Center, Yanqi, Tuesday, Nov. 11, 2014 in Beijing. (AP Photo/Pablo Martinez Monsivais, Pool) (The Associated Press)

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    From left to right, Russian President Vladimir Putin, Chinese President Xi Jinping, U.S. President Barack Obama and Indonesian President Joko Widodo, popularly known as "Jokowi", arrive at the the Asia-Pacific Economic Cooperation (APEC) Summit plenary session at the International Convention Center, Yanqi, Tuesday, Nov. 11, 2014 in Beijing, China. (AP Photo/Pablo Martinez Monsivais, Pool) (The Associated Press)

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    Russian President Vladimir Putin, center, looks back at U.S. President Barack Obama, left, as they arrive with Chinese President Xi Jinping, right, at the the Asia-Pacific Economic Cooperation (APEC) Summit plenary session at the International Convention Center, Yanqi, Tuesday, Nov. 11, 2014 in Beijing. (AP Photo/Pablo Martinez Monsivais, Pool) (The Associated Press)

HUAIROU, China โ€“ Asia-Pacific leaders have agreed to work toward possible adoption of a free-trade deal promoted by China, a win for Beijing in its quest for a bigger role in managing trade policy.

Chinese President Xi Jinping announced the decision Tuesday after a two-day Asia-Pacific Economic Cooperation summit of leaders including U.S. President Barack Obama and Russia's Vladimir Putin.

He said they agreed to launch a two-year study of the proposal, a first step in a lengthy process toward possible adoption.

China is promoting the proposed Free Trade Area of the Asia Pacific despite U.S. pressure to wrap up other trade negotiations. Analysts see it as a response to a U.S.-led initiative, the Trans-Pacific Partnership, which includes 12 countries but excludes China.

Xi, the meeting's host, called the decision a "historic step."

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