Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Obama to push trade agenda with ASEAN
Published in The Saudi Gazette on 14 - 02 - 2016

A summit next week between Southeast Asian leaders and President Barack Obama is unlikely to deliver any big economic prizes, but will allow the American side to press the advantages of joining a Pacific trade pact that doesn't include China.
The meetings at Rancho Mirage in California set for Monday and Tuesday will be the first summit of its kind for the 10-member Association of Southeast Asian Nations on US soil. Its special nature is intended to show the Obama administration's commitment to countering growing Chinese influence in a region that is home to 620 million people and a $2.6 trillion economy.
Southeast Asian nations have benefited from increased trade and investment stemming from their giant neighbor's economic rise but many are wary of China achieving overweening influence. The US, meanwhile, has an interest in maintaining freedom of navigation in the South China Sea, a crucial global trade route.
The summit is meant to send a signal that the US values ASEAN, said US Deputy National Security Advisor Ben Rhodes, using the acronym for the Southeast Asian grouping. "We are going to be engaged in Southeast Asia, we're going to be engaged in working with the nations of the Asia Pacific to clear rules of the road on the various issues of common interest that we share with them," he said.
The Southeast Asian nations of Brunei, Malaysia, Singapore and Vietnam are already part of the US-led Trans Pacific Partnership trade pact that is awaiting ratification by national parliaments. The agreement eliminates many tariffs and also imposes minimum labor standards on member nations as part of US efforts to set rules for trade and business in the region and beyond.
Indonesia, which is the largest economy in Southeast Asia, along with Thailand and the Philippines are prospective members of the pact, which took several years to negotiate and was a main plank in Obama's drive for a deeper relationship with Asia.
Cambodia, Laos and Myanmar, which are the least developed countries in Southeast Asia, aren't eligible to join because they aren't members of the Asia Pacific Economic Cooperation grouping.
Richard Javad Heydarian, assistant professor of political science at Manila's De La Salle University, said he expects Obama to pitch the benefits of American-led economic initiatives, and particularly for Southeast Asia's economic heavyweights, Indonesia and Thailand, to join the Pacific trade agreement.
He also expects Obama to court Cambodia, Laos and Myanmar as countries that are within the economic orbit of China.
"What the US can do, what Obama can do, is encourage these countries to be less dependent on China so that they have more options when it comes to their foreign policy, when it comes to how they govern themselves," he said.
A new US initiative called ASEAN Connect aims to set up US government regional offices in Jakarta, Bangkok and Singapore to help Southeast Asia on infrastructure projects, and support development by helping poorer countries such as Laos, Myanmar and Cambodia to improve customs services, develop investment regulations and the rule of law. — AP


Clic here to read the story from its source.