Chile cancels climate, trade summits
SANTIAGO, CHILE >> Chilean President Sebastián Piñera said Wednesday that he is canceling two major international summits so he can respond to protracted nationwide protests over economic inequality that have left more than a dozen people dead, hundreds injured and businesses and infrastructure damaged.
The decision to call off the Asia-Pacific Economic Cooperation and U.N. global climate gatherings, planned for November and December, respectively, dealt a major blow to Chile’s image as a regional oasis of stability and economic development.
Piñera said he was forced to cancel both events due to the chaos unleashed by 12 days of protests. Demonstrators are demanding greater economic equality and better public services in a country long seen as an economic success story. Shops have been vandalized and buildings set on fire, shutting down numerous subway stations.
The situation had stabilized somewhat by midday Wednesday, Except for the presence of a few hundred protesters, the streets of the capital, Santiago, were mostly quiet, with no reports of vandalism.
“This has been a very difficult decision that causes us great pain,” Piñera said in a televised address. “A president always has to put the needs of his countrymen first.”
Opposition and pro-government parties in Chile generally welcomed the president’s decision, saying that having the summits was unrealistic given the circumstances.
Trade and climate negotiators scrambled to find new locations for their summits, aimed at resolving tariff-related conflicts between China and the U.S. and finalizing countries’ climate rules in advance of a bigger summit next year during which governments will be asked to commit to new emissions limits.
President Donald Trump and Chinese President Xi Jinping had hoped to sign a modest trade agreement at the APEC summit, formerly scheduled to take place in Santiago on Nov. 16-17. Under the tentative deal, the U.S. had agreed to suspend plans to raise tariffs on $250 billion in Chinese imports, and Beijing had agreed to step up purchases of U.S. farm products.