China seeks Indian and
Russian backing for
‘new’ multilateral
trading system to
counter Trump’s
protectionism
Narendra Modi expected
to join Xi Jinping and
Vladimir Putin at
Shanghai Cooperation
Organisation summit to
express support for
initiative
By Lee Jeong-ho
June 12, 2019 "Information Clearing House" - China hopes to win Indian and Russian support in establishing a “new type” of “rules-based” and “multilateral” trade initiative.
Multiple Indian media reports suggest the country’s recently re-elected Prime Minister Narendra Modi will join forces with Chinese President Xi Jinping and Russian leader Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Kyrgyzstan this week to express their concerns about US President Donald Trump’s protectionist approach.
The summit comes ahead of an expected meeting between Xi and Trump at the G20 summit in Japan, where they are expected to hold talks aimed at resolving their trade dispute.
However, the confrontation between the United States and China has expanded into a number of other areas, such as technology and geopolitics.
Trump has threatened to impose further trade tariffs if Xi refuses to meet him in Osaka and the US president has asked its allies to help contain China.
In response, China has also been seeking support from other countries – including Russia, which Xi visited last week to affirm his closeness to Putin, whom he described as his “best friend”.
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