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Chile cancels APEC trade summit and major climate gathering after riots

2019-10-31 08:34:22       source:REUTERS

October 30, 2019

SANTIAGO (Reuters) - 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 a trade war that has hurt 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 - plunged the Asia-Pacific Economic Cooperation meeting into 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 to cancel the summit, as well as the high-profile COP25 international gathering on climate change in December, to focus on restoring law and order and pushing through a new social plan.

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