What's new

Biden makes $150m commitment to Asean leaders

hualushui

SENIOR MEMBER
Jul 3, 2019
2,274
-6
4,216
Country
China
Location
China


WASHINGTON: United States President Joe Biden opened a gathering of Southeast Asian leaders with a promise to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at countering the influence of rival China.

On Thursday, Biden started a two-day summit with the 10-nation Association of Southeast Asian Nations (Asean) in Washington with a dinner for the leaders at the White House ahead of talks at the State Department on Friday.

Biden smiled broadly as he took a group photo on the South Lawn of the White House before the dinner with representatives from Brunei, Indonesia, Cambodia, Singapore, Thailand, Laos, Vietnam, Malaysia and the Philippines.

While Russia's invasion of Ukraine is on the agenda, Biden's administration hopes the efforts will show the countries that Washington remains focused on the Indo-Pacific and the long-term challenge of China, which it views at the country's main competitor.

In November alone, China pledged US$1.5 billion in development assistance to Asean countries over three years to fight Covid and fuel economic recovery.

"We need to step up our game in Southeast Asia," a senior US administration official told reporters. "We are not asking countries to make a choice between the United States and China. We want to make clear, though, that the United States seeks stronger relationships."

The new financial commitment includes a $40 million investment in infrastructure intended to help decarbonize the region's power supply and $60 million in maritime security, as well as some $15 million in health funding to aid in early detection of Covid-19 and other respiratory pandemics, an official said. Additional funding will help the countries develop digital economy and artificial intelligence laws.

The US Coast Guard will also deploy a ship to the region to help local fleets counter what Washington and countries in the region have described as China's illegal fishing.

Still, the commitments pale in comparison to China's deep ties and influence.

Biden is working on more initiatives, including "Build Back Better World" infrastructure investment and an Indo-Pacific Economic Framework (IPEF). But neither are finalised.

The summit marks the first time that Asean's leaders gather as a group at the White House and their first meeting hosted by a US president since 2016.

Eight Asean leaders are expected to take part in the talks. Myanmar's leader was excluded over a coup last year and the Philippines is in transition after an election, though Biden spoke to the country's president-elect, Ferdinand Marcos Jr, on Wednesday. The country was represented by its foreign affairs secretary at the White House.

Asean leaders also visited Capitol Hill on Thursday for a lunch with congressional leaders.

- Concern over China -

The countries share many of Washington's concerns about China.

China's assertion of sovereignty over vast swathes of the South China Sea has set it against Vietnam and the Philippines, while Brunei and Malaysia also lay claim to parts.

Yet countries in the region have also been frustrated by a US delay in detailing plans for economic engagement since former President Donald Trump quit a regional trade pact in 2017.

"The US should adopt a more active trade and investment agenda with Asean, which will benefit the US economically and strategically," said Malaysian Prime Minister Ismail Sabri Yaakob on Thursday.

The IPEF is set to be launched on Biden's trip to Japan and South Korea next week. But it does not currently offer the expanded market access Asian countries crave, given Biden's concern for American jobs.

Analysts say that even though Asean countries share US concerns about China, they remain cautious about siding more firmly with Washington, given their predominant economic ties with Beijing and limited US economic incentives.

Kao Kim Hourn, an adviser to Cambodian Prime Minister Hun Sen, told Reuters that the country would not "choose sides" between Washington and Beijing although US investment in his country is growing.

On Wednesday, Hun Sen was the target of a shoe-throwing protester prior to his first visit to the White House over a tenure that began in 1985. The Cambodian leader has faced criticism from activists for suppressing dissent.

**********
$40 million investment in infrastructure
Maybe enough to build a 50km road ?
 

Viet

ELITE MEMBER
Jun 18, 2012
25,543
0
18,547
Country
Viet Nam
Location
Germany
150 million$ divided amongst 20 countries mean a one pathetic McDonald's in each country... Lol
You are bad in math. Go back to school.
By the way Asean has 10 not 20 members. $150 million is better than $0.



WASHINGTON: United States President Joe Biden opened a gathering of Southeast Asian leaders with a promise to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at countering the influence of rival China.

On Thursday, Biden started a two-day summit with the 10-nation Association of Southeast Asian Nations (Asean) in Washington with a dinner for the leaders at the White House ahead of talks at the State Department on Friday.

Biden smiled broadly as he took a group photo on the South Lawn of the White House before the dinner with representatives from Brunei, Indonesia, Cambodia, Singapore, Thailand, Laos, Vietnam, Malaysia and the Philippines.

While Russia's invasion of Ukraine is on the agenda, Biden's administration hopes the efforts will show the countries that Washington remains focused on the Indo-Pacific and the long-term challenge of China, which it views at the country's main competitor.

In November alone, China pledged US$1.5 billion in development assistance to Asean countries over three years to fight Covid and fuel economic recovery.

"We need to step up our game in Southeast Asia," a senior US administration official told reporters. "We are not asking countries to make a choice between the United States and China. We want to make clear, though, that the United States seeks stronger relationships."

The new financial commitment includes a $40 million investment in infrastructure intended to help decarbonize the region's power supply and $60 million in maritime security, as well as some $15 million in health funding to aid in early detection of Covid-19 and other respiratory pandemics, an official said. Additional funding will help the countries develop digital economy and artificial intelligence laws.

The US Coast Guard will also deploy a ship to the region to help local fleets counter what Washington and countries in the region have described as China's illegal fishing.

Still, the commitments pale in comparison to China's deep ties and influence.

Biden is working on more initiatives, including "Build Back Better World" infrastructure investment and an Indo-Pacific Economic Framework (IPEF). But neither are finalised.

The summit marks the first time that Asean's leaders gather as a group at the White House and their first meeting hosted by a US president since 2016.

Eight Asean leaders are expected to take part in the talks. Myanmar's leader was excluded over a coup last year and the Philippines is in transition after an election, though Biden spoke to the country's president-elect, Ferdinand Marcos Jr, on Wednesday. The country was represented by its foreign affairs secretary at the White House.

Asean leaders also visited Capitol Hill on Thursday for a lunch with congressional leaders.

- Concern over China -

The countries share many of Washington's concerns about China.

China's assertion of sovereignty over vast swathes of the South China Sea has set it against Vietnam and the Philippines, while Brunei and Malaysia also lay claim to parts.

Yet countries in the region have also been frustrated by a US delay in detailing plans for economic engagement since former President Donald Trump quit a regional trade pact in 2017.

"The US should adopt a more active trade and investment agenda with Asean, which will benefit the US economically and strategically," said Malaysian Prime Minister Ismail Sabri Yaakob on Thursday.

The IPEF is set to be launched on Biden's trip to Japan and South Korea next week. But it does not currently offer the expanded market access Asian countries crave, given Biden's concern for American jobs.

Analysts say that even though Asean countries share US concerns about China, they remain cautious about siding more firmly with Washington, given their predominant economic ties with Beijing and limited US economic incentives.

Kao Kim Hourn, an adviser to Cambodian Prime Minister Hun Sen, told Reuters that the country would not "choose sides" between Washington and Beijing although US investment in his country is growing.

On Wednesday, Hun Sen was the target of a shoe-throwing protester prior to his first visit to the White House over a tenure that began in 1985. The Cambodian leader has faced criticism from activists for suppressing dissent.

**********
$40 million investment in infrastructure
Maybe enough to build a 50km road ?
The money is used to lure billions USD private investments. Please do more readings.
 

hualushui

SENIOR MEMBER
Jul 3, 2019
2,274
-6
4,216
Country
China
Location
China
You are bad in math. Go back to school.
By the way Asean has 10 not 20 members. $150 million is better than $0.


The money is used to lure billions USD private investments. Please do more readings.
傻瓜过敏.jpg
 

Beast

ELITE MEMBER
Feb 5, 2011
28,192
-41
64,319
Country
China
Location
China
You are bad in math. Go back to school.
By the way Asean has 10 not 20 members. $150 million is better than $0.


The money is used to lure billions USD private investments. Please do more readings.
It doesn't do away the facts, those money are peanuts for ASEAN. US need to give more if they really want to lure ASEAN away from China. USD150 billion sounds better. :enjoy:
 

Viet

ELITE MEMBER
Jun 18, 2012
25,543
0
18,547
Country
Viet Nam
Location
Germany
It doesn't do away the facts, those money are peanuts for ASEAN. US need to give more if they really want to lure ASEAN away from China. USD150 billion sounds better. :enjoy:
We take everything bro. If the Turks give Asean $1 million then it’s great too.
 

IblinI

SENIOR MEMBER
Jun 21, 2016
4,471
0
8,705
Country
China
Location
New Zealand
You are bad in math. Go back to school.
By the way Asean has 10 not 20 members. $150 million is better than $0.


The money is used to lure billions USD private investments. Please do more readings.
lol, 150 million and yet still a Commitment split between 10 countries, at the same time, 40 billion for Ukraine.
What better than 0, dude, you are old enough to know there is no free lunch, even though it's just some fish and chips.
 

Viet

ELITE MEMBER
Jun 18, 2012
25,543
0
18,547
Country
Viet Nam
Location
Germany
lol, 150 million and yet still a Commitment split between 10 countries, at the same time, 40 billion for Ukraine.
What better than 0, dude, you are old enough to know there is no free lunch, even though it's just some fish and chips.
Invalid comparison
Ukraine is at war Asean not.
Ukraine needs money more urgently than Asean.

lol, viet, why mentioned Turkey all of a sudden?
Turkey is all over the news now. They are the new veto power.
 

MH.Yang

SENIOR MEMBER
Jul 21, 2021
3,274
-2
6,895
Country
China
Location
China
You are bad in math. Go back to school.
By the way Asean has 10 not 20 members. $150 million is better than $0.


The money is used to lure billions USD private investments. Please do more readings.

What he meant was that $150 million revealed the poor financial situation of the U.S. govt.

ASEAN is China's largest trading partner, but USA can only pay a few McDonald's.
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom