October 28, 2021
2 mins read

US to develop Indo-Pacific economic framework

President Biden reaffirmed the enduring US commitment to the Indo-Pacific and outlined his vision for the region, which sought a region that is open, connected, prosperous, resilient, and secure….reports Asian Lite News

US President Joe Biden on Wednesday announced that America will explore the development of an Indo-Pacific economic framework that will define the shared objectives of its partners.

During the annual East Asia Summit (EAS), Biden discussed regional and international challenges, including the COVID-19 pandemic and the climate crisis, a White House statement read.

He attended leaders of the ASEAN member states and representatives from Australia, the People’s Republic of China (PRC), India, Japan, New Zealand, the Republic of Korea, and Russia virtually.

According to the statement, President Biden reaffirmed the enduring US commitment to the Indo-Pacific and outlined his vision for the region, which sought a region that is open, connected, prosperous, resilient, and secure.

President Biden also announced that the United States will explore with partners the development of an Indo-Pacific economic framework that will define “our shared objectives around trade facilitation, standards for the digital economy and technology, supply chain resiliency, decarbonization and clean energy, infrastructure, worker standards, and other areas of shared interest.”

Furthermore, the President also reiterated the US commitment to the international rules-based order and expressed concern over threats to that order. He made clear that the United States will continue to stand with allies and partners in support of democracy, human rights, rule of law, and freedom of the seas.

Putin urges closer anti-pandemic cooperation

Russian President Vladimir Putin has proposed the creation of a regional mechanism aimed at promoting closer cooperation against Covid-19 among countries of the Asia-Pacific region at the 16th East Asia Summit.

“We suggest that a regional mechanism for anti-pandemic collaboration be established under the aegis of the East Asia Summits, and we will shortly submit specific considerations on this score via the expert channels,” Putin said during his speech on Wednesday.

Among the Covid-19 response initiatives introduced by the president was a proposal to expand training opportunities for epidemiologists from ASEAN countries, reports Xinhua news agency.

“We advocate the development of a procedure for the mutual recognition of vaccination certificates,” Putin said, adding that such a mechanism is necessary to ensure the free movement of citizens across the Asia-Pacific region.

“I would like to note that Russia is seeking to make a real contribution to efforts aimed at ensuring free and non-discriminatory access to vaccines against Covid-19 for citizens of all states,” he said.

Alongside anti-coronavirus cooperation, the Russian leader discussed economic relations and prospects for collaboration in the tourism sector.

He also pointed to the importance of joint efforts aimed at tackling climate change, including through coordinated approaches with regard to innovative solutions to decarbonization, and the development of low-emission industries.

The 16th East Asia Summit, which was chaired by Brunei, was held in the format of a video conference. (ANI/IANS)

ALSO READ: ‘Close to Sputnik moment’: Chinese missile test upsets US

Previous Story

Abu Dhabi Festival presents Uncle Naji

Next Story

Canadian street named after Indian-born doctor

Latest from -Top News

Modi Lands in Malé for Big Day

PM Modi is visiting the Maldives at the invitation of President Muizzu to participate as the Guest of Honour at the country’s 60th Independence Day celebrations…reports Asian Lite News Prime Minister Narendra

Industry Hails India-UK FTA

£34 billion boost, sweeping tariff cuts and market access mark UK’s most ambitious post-Brexit trade pact; Indian sectors set for exports surge…reports Asian Lite News Business leaders from both India and the

India, UK Sign Landmark FTA

The pact is set to make imported goods like Scotch whisky, gin, luxury cars, cosmetics, and medical devices more affordable for Indian consumers….reports Asian Lite News In a landmark moment for India-UK

Farmers Win Big in India-UK FTA

There is a massive gain for rural India and exporters with zero duty on processed foods compared with up to 70 per cent earlier….reports Asian Lite News The India-UK Free Trade Agreement

Modi-Starmer Meet Ahead of FTA Signing

During the discussions, the two sides will also review the progress of the Comprehensive Strategic Partnership (CSP)…reports Asian Lite News Prime Minister Narendra Modi on Thursday called on Keir Starmer at the
Go toTop

Don't Miss

Fighting against odds, four friends turn dairy startup into Rs 225 cr business

When three friends from Jharkhand’s Ranchi ditched their well-paying corporate

Baloch American Congress Seeks Biden’s Action on Balochistan

The BAC has expressed concern over the issue of enforced