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Slideshow Download our Wider Image iPad app Images of October Follow Reuters Facebook Twitter RSS YouTube Read Tensions loom as Obama meets Asian leaders 2:33am EST Gaza truce pressure builds, Cairo in focus | 2:26am EST Testosterone, Viagra not a winning ED combination 19 Nov 2012 Broadwell hires Washington PR firm to deal with Petraeus scandal 19 Nov 2012 Yahoo shares reach 18-month high as investors warm to new CEO 19 Nov 2012 Discussed 163 Top Hamas commander killed in Israeli airstrike 150 Israel hammers Hamas in Gaza offensive 150 Egypt PM to visit Gaza in support of Hamas against Israel Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Best of the AMAs Highlights from the American Music Awards. Slideshow Gaza conflict Scenes from Gaza and Israel. Slideshow Sponsored Links Tensions loom as Obama meets Asian leaders Tweet Share this Email Print Related News Obama offers praise, pressure on historic Myanmar trip Mon, Nov 19 2012 Tensions flare over South China Sea at Asian summit Mon, Nov 19 2012 Obama, in Asia, says Myanmar trip to encourage democracy Sun, Nov 18 2012 Southeast Asia calls for talks with China on sea dispute Sun, Nov 18 2012 China says does not want South China Sea overshadowing summit Sat, Nov 17 2012 Analysis & Opinion Re-thinking U.S.-China relations Xi Jinping at the helm in Beijing, responsibility looms large Related Topics World » 1 of 2. U.S. President Barack Obama (2nd L) meets with Chinese Premier Wen Jiabao (R), as U.S. Secretary of State Hillary Clinton (L) looks on, at the East Asia Summit in Phnom Penh, November 20, 2012. Credit: Reuters/Jason Reed By Jeff Mason PHNOM PENH | Tue Nov 20, 2012 2:33am EST PHNOM PENH (Reuters) - In his first meeting with a Chinese leader since his re-election, U.S. President Barack Obama said on Tuesday Washington and its chief economic rival must work together to "establish clear rules of the road" for trade and investment. His comments on the final leg of a three-day Southeast Asian trip follow a U.S. election campaign in which China was repeatedly accused of unfair trade practices and illustrate the work ahead in a region already simmering with tension over territorial disputes involving Beijing. "It is very important that as two of the largest economies in the world that we work to establish clear rules of the road internationally for trade and investment," Obama told Chinese Premier Wen Jiabao before an East Asia Summit of Asia-Pacific leaders in the Cambodian capital Phnom Penh. During the U.S. election campaign, Obama was denounced by his rival Mitt Romney for being "a near-supplicant to Beijing" on trade matters, human rights and security issues. Obama accused Romney of shipping U.S. jobs to China when he was a businessman. In Asia, those trade tensions overlap with friction over Chinese sovereignty claims that surfaced on Monday at a Southeast Asian leaders' summit. In July, a foreign ministers meeting of the Association of Southeast Asian Nations (ASEAN) failed to agree on a communiqué for the first time ever because of the row. "I'm committed to working with China and I'm committed to working with Asia," Obama said. China and the United States had a "special responsibility" to lead the way on sustained global growth, he added before the meeting was closed to media. Wen highlighted "the differences and disagreements between us" but said these could be resolved through trade and investment. Obama's visit to Cambodia, the first by a U.S. president, underlines an expansion of U.S. military and economic interests in Asia under last year's so-called "pivot" from conflicts in the Middle East and Afghanistan. The Philippines, Australia and other parts of the region have seen a resurgence of U.S. warships, planes and personnel, since Obama began shifting foreign, economic and security policy towards Asia late last year, unnerving Beijing. Japanese Prime Minister Yoshihiko Noda said mounting Asian security problems raise the importance of the U.S.-Japan alliance, a veiled reference to tensions over Chinese sovereignty claims and maritime disputes. "With the increasing severity of the security environment in East Asia, the importance of the Japan-U.S. alliance is increasing," Noda told Obama. STRAINED TIES Beijing claims the South China Sea as its territory based on historical records, setting it directly against U.S. allies Vietnam and the Philippines. Brunei, Taiwan and Malaysia also lay claim to parts, making the row one of the biggest security threats in the region. The area is thought to hold vast, untapped reserves of oil and natural gas that could potentially place China, the Philippines, Vietnam and other claimant nations alongside the likes of Saudi Arabia, Russia and Qatar. Sino-Japanese relations are also under strain after the Japanese government bought disputed islands known as Senkaku in Japan and Diaoyu in China from a private Japanese owner in September, triggering violent protests and calls for boycotts of Japanese products across China. China says both disputes involve sea-lanes vital for its economy and prefers to address conflicts through one-on-one talks. But the subject is expected to feature later on Tuesday at the East Asia Summit, which also includes leaders from ASEAN, India, South Korea, Australia and New Zealand. ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. "HOW CAN THERE BE A CONSENSUS?" On Monday, Noda challenged efforts by summit host Cambodia, a staunch China ally, to limit discussions on the South China Sea. Cambodia had said Southeast Asian leaders had agreed not to internationalize the row -- a claim that was strongly disputed by Philippine President Benigno Aquino. "How can there be a consensus? A consensus means 100 percent," said Philippine Foreign Minister Albert del Rosario. "It was translated into a consensus without our consent." Aquino raised the possibility of finding an "alternative route" to discuss the issue with countries outside the 10-member ASEAN. That would likely involve the United States, one of its closest allies, which has said it has a national interest in freedom of navigation through the South China Sea. ASEAN on Sunday agreed to formally ask China to start talks on a Code of Conduct (CoC) aimed at easing the risk of naval flashpoints, according to Surin. But Wen played down the need for urgent action in talks on Sunday night with Cambodian Prime Minister Hun Sen. Late on Monday, Obama and Southeast Asian leaders launched a trade initiative known as the U.S.-ASEAN Expanded Economic Engagement, which is aimed at smoothing a path for Asian nations to link up with the Trans-Pacific Partnership, a pact the United States is negotiating with 10 Asian countries and the Western Hemisphere, the White House said. The Trans-Pacific Partnership excludes China until it undertakes significant economic reforms. (Additional reporting by Mark Felsenthal, Stuart Grudgings, Prak Chan Thul and James Pomfret, and Jutarat Skulpichetrat; Writing by Jason Szep; Editing by Raju Gopalakrishnan) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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