HKMB Hong Kong Means Business

Hong Kong Means Business Hong Kong Means Business
  • Login / Register

Languages

  • EN
  • 繁
  • 简
  • Events
  • My Feed
  • Contact HKTDC
  • Subscribe
  • Subscribe

Section Menu

  • multimedia
  • market spotlight
  • first person
  • Venture Hong Kong
  • heads-up
  • inside china
  • life & style
  • hktdc research

Languages

  • EN
  • 繁
  • 简
  • HKTDC.com |
  • About HKTDC |
  • My HKTDC |
  • Login / Register |

HKTDC.com About HKTDC My HKTDC

Login Register

Hong Kong Means Business

Section Menu

  • multimedia
  • market spotlight
  • first person
  • Venture Hong Kong
  • heads-up
  • inside china
  • life & style
  • hktdc research

https://hkmb.hktdc.com/en/ODM2NDkxMTY5

hktdc research
SAVE FOR LATER
SHARE / SEND

"Scan QR Code" in WeChat and tap "..." to share.

Supply Chains and Digital Economy Among Priorities as U.S. Eyes Asia

26 August 2021



Vice President Kamala Harris’ recent visit to Southeast Asia could offer some clues into elements of the Biden administration’s still-evolving trade policy toward mainland China, particularly as the U.S. works to strengthen relations with allies in the region.

At a stop in Singapore, Harris announced that the two sides will launch a high-level dialogue on supply chains that will include a panel discussion with industry leaders followed by government-to-government discussions on enhancing co-operative efforts to promote greater supply chain resilience. That topic will also be a focus of a new partnership between the U.S. Department of Commerce and Singapore’s Ministry of Trade and Industry that will initially focus on the digital economy, energy and environmental technologies, advanced manufacturing and healthcare. The COVID-19 pandemic has strained supply chains between Asia and the U.S., including through significant swings in demand and reductions in the number of workers available at factories and ports.

Harris made clear that these efforts are part of a broader U.S. strategy toward the Indo-Pacific region that in large part is aimed at responding to the challenges presented by mainland China. She said Southeast Asia represents the U.S.’ fourth-largest export market and is “critically important to our nation’s security and prosperity.” As a result, she said, the U.S. has “long put forward a vision of peace and stability, freedom on the seas, unimpeded commerce, advancing human rights, a commitment to the international rules-based order, and the recognition that our common interests are not zero-sum.” That vision “includes freedom of navigation … [because] the livelihood of millions of people depend on the billions of dollars in trade that flow through these sea lanes each day. And yet, in the South China Sea, we know that Beijing continues to coerce, to intimidate, and to make claims to the vast majority of the South China Sea … [that] continue to undermine the rules-based order and threaten the sovereignty of nations.”

For the time being, efforts to strengthen supply chains between the U.S. and Asia will not include new trade agreements. The U.S. has bi-lateral free trade pacts in place with Singapore and South Korea and has had some discussions with Japan about an agreement on digital trade. However, the U.S. withdrew from the planned Trans-Pacific Partnership in 2017 and President Biden has given no indication that he intends to re-engage in talks with TPP partner countries.

BACK TO TOP ^
    Topics:
  • North America,
  • Mainland China,
  • USA,
  • global supply chain,
  • Sino-US Trade,
  • trade relations
  • North America
  • Mainland China
  • USA
Home

Article Topics

ARTICLE TOPICS

NORTH AMERICA36097
MAINLAND CHINA35607
USA36116
GLOBAL SUPPLY CHAIN92935
SINO-US TRADE132142

ARTICLE TOPICS

NORTH AMERICA36097
MAINLAND CHINA35607
USA36116
GLOBAL SUPPLY CHAIN92935
SINO-US TRADE132142
TRADE RELATIONS75005

interest_article

YOU MAY BE INTERESTED IN

24 June 2022

ASEAN: US Solar Tariffs on Cambodia, Malaysia, Thailand and Vietnam Lifted

22 June 2022

Implementation Strategy for the New US Forced Labour Prevention Act

17 June 2022

Operational Guidance for the New US Forced Labour Prevention Act

14 June 2022

2022 Mid-Year Export Review: Strong Rebound Anticipated Before Year-End

Related Events

RELATED EVENTS

26 - 30 July 2022

Style Hong Kong Pavilion at China International Consumer Products Expo, Haikou

2 - 4 September 2022

Chic HK, Shenzhen

7 - 10 December 2022

Marintec China 2022 – HK Pavilion

7 - 9 December 2022

SIAL Shanghai 2022
FIND AN EVENT

Social Share

FOLLOW US

GET WEEKLY UPDATES

newpaper-img

GET OUR WEEKLY EMAIL UPDATES

banner-img


I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement; I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.


*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

THANK YOU

Thank you for registering.

SHARE THIS STORY

EMAIL
LINKEDIN
WeChat
FACEBOOK
TWITTER
WHATSAPP

ID: HKTDCofficial

Don't have an account?

Create An Account

successfully added on your preferences.