Asia-Pacific Economic Cooperation Summit held in Lima

Several leaders at a major international summit in Peru called Saturday on the United States and other nations not to abandon global trade deals.
●    At a time when Americans and European voters are electing politicians who are deeply skeptical that the trade deals actually benefit their own citizens, leaders at the Asia-Pacific Economic Cooperation summit urged countries not to back away from freer trade.
●    Chinese President Xi Jinping, who held bilateral talks with U.S. President Barack Obama on Saturday, urged countries to embrace economic openness.
●    Obama praised the two countries' on their effective partnership on such global challenges as preventing Iran from obtaining nuclear weapon, opposing North Korea's nuclear provocations and trying to end the Ebola epidemic.
●    China wants regional countries to embrace an economic trade pact known as the FTAAP. 
●    That plan is widely seen as a competitor to the U.S.-backed Trans-Pacific Partnership, which now must be ratified by the 12 countries that negotiated the deal.