Showing posts sorted by relevance for query APEC. Sort by date Show all posts
Showing posts sorted by relevance for query APEC. Sort by date Show all posts

Wednesday, November 10, 2021

New Zealand's APEC host Ardern calls for 'bold' climate action


New Zealand's APEC host Ardern calls for 'bold' climate actionThe summit was originally slated to be held in Auckland but is being held online for a second time due to Covid-19 after Malaysia hosted virtually in 2020 (AFP/Handout)More

Tue, November 9, 2021


Pacific Rim trade and foreign ministers agreed to push for a freeze on fossil fuel subsidies at a virtual summit Wednesday but host Prime Minister Jacinda Ardern of New Zealand said more "bold" action on climate change was needed.

Ministers from the 21-nation Asia-Pacific Economic Cooperation (APEC) group met online to discuss their Covid-19 response ahead of a meeting of national leaders on Saturday including US President Joe Biden and his Chinese counterpart Xi Jinping.

New Zealand Trade Minister Damien O'Connor said highlights included a plan to voluntarily freeze fossil fuel subsidies and commitments to liberalise tariffs on vaccines and other pandemic medical supplies.

Ardern hailed the move on fossil fuel subsidies, saying it had the potential to divert billions of dollars from a heavily polluting sector into green technology.

But as APEC leaders face pressure for meaningful action on climate change amid COP26 talks in Glasgow, Ardern said it did not go far enough.

"Do we need to be more ambitious than this? Absolutely," she said.

"We would of course like to see a world where there are no fossil fuel subsidies in our economies, that's long been a position of New Zealand, which we will continue to advocate."

She added: "If the world is not ready to take bold action on climate change, then the world must be ready for the disastrous results of climate change."

The issue was highlighted at the COP26 climate talks in Glasgow, where the heads of 91 major global companies called for the elimination of fossil fuel subsidies.

- Protectionism 'rejected' -

O'Connor said there was overarching agreement on the need to avoid erecting trade barriers in response to the challenges thrown up by the pandemic.

"It is free, fair and open trade that will help economies move forward out of this pandemic... we need openness to drive global growth, indeed it is trade that presents the solution to our challenges," he said.

"Some 81 million jobs have been lost across the region due to Covid-19 and the impact on supply chains has been significant, but APEC members have rejected protectionism during this crisis."

APEC's 21 member economies collectively account for almost 40 percent of the world's population and around 60 percent of the global economy.

The summit was originally due to be held in Auckland but is being held online for a second time due to Covid-19 after Malaysia hosted virtually in 2020.

It allowed Ardern to call an unprecedented early leaders' meeting in July, which carried out much of the heavy lifting on agreements surrounding international trade in vaccines and medical equipment.

When APEC leaders meet again early Saturday New Zealand time, topics will include how to reopen borders without spreading the virus, ensuring an equitable pandemic recovery and moving toward a carbon-free economy.

Debate on the virtual sidelines of the summit will be dominated by bids from China and Taiwan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership -- a huge 11-nation free trade pact.

Beijing, which lays claim to Taiwan, would oppose any recognition of the island nation while Australia is unwilling to allow China into the grouping amid a festering trade dispute.

The United States will also be keen to use the event to reaffirm its commitment to trade in the Indo-Pacific after years of protectionist policies under former president Donald Trump.

Washington has offered to host APEC in 2023 after Thailand takes its turn next year, although the US bid is yet to be confirmed.

ns/arb/jah

Tuesday, November 22, 2022

APEC host Thailand's budding marijuana industry faces backlash

Story by By Chayut Setboonsarng and Panarat Thepgumpanat •
 Thursday Nov 17,2022


Cannabis shop next to the venue of the APEC Summit, in Bangkok© Thomson Reuters

BANGKOK (Reuters) - Near the grand conference halls in central Bangkok where Asian leaders will meet this week, a plethora of marijuana shops - the Thai capital's newest tourist draw - were bustling despite a controversy that threatens the growing sector.



Cannabis shop near the venue of the APEC Summit, in Bangkok© Thomson Reuters

Since Thailand decriminalised cannabis this year shops selling homegrown and imported strains, pre-rolled joints and gummies sprang up rapidly.

New cafes with names such as MagicLeaf and High Society are located just minutes from the meetings of the Asia-Pacific Economic Cooperation (APEC) summit.

But the proliferation of such businesses has sparked a backlash from some politicians and doctors who say the change was pushed through without regulation and are now calling for tougher rules, or even a new ban.



Cannabis shop next to the venue of the APEC Summit, in Bangkok© Thomson Reuters

A cannabis regulation bill to govern cultivation, sale, and consumption has been delayed in parliament, causing confusion over just aspects will be legal.



Cannabis shop next to the venue of the APEC Summit, in Bangkok© Thomson Reuters

"We’re in a vacuum," one senator, Somchai Sawangkarn, told a domestic broadcaster on Wednesday, adding that announcements by the health ministry had not curbed recreational use.

Related video: Thai activists burn chilies in anti-government protest with APEC summit underway   Duration 1:01   View on Watch




Southeast Asia has strict laws prohibiting the sale and use of most drugs, but Thailand became a major exception in June, when it dropped cannabis from its list of narcotics.

The move was spearheaded by health minister Anutin Charnvirakul, who framed marijuana as a cash crop for farmers and championed its medical use, but recreational use exploded.

Authorities later rushed through piecemeal updates to the regulation clarifying that cannabis could not be sold to children or near schools and temples.

‘SUPER HIGH’ PROFITS

Netnapa Singathit had a smoking room for a short while after opening her RG420 cannabis store in central Bangkok, but she switched to serving drinks after authorities banned such rooms.


Cannabis shop next to the venue of the APEC Summit, in Bangkok© Thomson Reuters

She called for regulation that standardises quality, adding, "We are concerned about operators who are not compliant, and customers end up with bad products."

Recent weeks have brought a wave of news reports about hospitalisations and use by children.

The president of Thailand's association of forensic physicians, Smith Srisont, petitioned a court last week to re-list it as a narcotic.

"It was wrong to not have governing laws before unlocking cannabis ... it is not being used medically, but recreationally," he told reporters.

Yet with major profits to be had, many business owners are relaxed about coming changes. Anutin has ruled out recriminalisation, but supports greater regulation.

Akira Wongwan, the chief executive of a medical cannabis business, Adam Group, said profit margins for recreational cannabis were "super high".

The sector could be worth $1.2 billion by 2025, the University of the Thai Chamber of Commerce has estimated.

"Most people still think at least they can get the profits now, even if regulations change," said Akira.

(Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Poppy McPherson and Clarence Fernandez)

Tuesday, November 14, 2023

At opposite ends of the US, advocates demonstrate for Israel, labor and the environment

MARC RAMIREZ, USA TODAY
November 14, 2023 

Massive demonstrations are ongoing or imminent on opposite sides of the country this week as the world’s business leaders convene in California and supporters of Israel take to the streets in the nation’s capital.

Here's what to know.

World's economic leaders convene in San Francisco


In San Francisco, demonstrations were planned around the Asia-Pacific Economic Cooperation’s 2023 Economic Leaders Week event, which started Saturday and runs through Nov. 17. Government leaders of APEC’s 21 global member economies, which account for nearly half of global trade, will gather to discuss policy priorities aimed at ensuring “an interconnected, innovative and inclusive” Asia-Pacific region.


A silk-screen poster collective offering free posters at a protest march and rally on Sunday, November 12, 2023 in San Francisco against the Asia Pacific Economic Cooperation forum. The event runs from November 11 through 17th and features leaders from 21 member economies discussing trade and business.

The event will include a much anticipated face-to-face between Chinese President Xi Jinping and U.S. President Joe Biden, and Biden will chair what has become one of the world’s most significant economic summits, with subgroups of finance ministers and foreign and trade representatives hosted by Treasury Secretary Janet Yellen and Trade Representative Katherine Tai, respectively.

More than 20,000 attendees are expected, and the event is expected to disrupt traffic, parking and public transportation patterns throughout areas of the city where the venues are located. Most will take place at the Moscone Center downtown.

Sunday, the No to APEC coalition conducted a “people’s counter summit” and along with Oil and Gas Action Network has demonstrations planned throughout the week. Neither group responded to USA TODAY inquiries about the protests, but an Oil and Gas Action Network spokesman told NBC that about 200 organizations are expected to visit the city in support of causes ranging from climate justice to labor rights.

“We must continue to respond to the push for neoliberal globalization across the Global South, especially Asia and the Pacific,” No to APEC said on its Instagram account.

The group has criticized APEC member economies for trade practices that it says suppress wages, force migration, plunder natural resources and destroy the environment while maximizing corporate profit.

Security bolstered with federal designation


Last month, the U.S. Department of Homeland Security designated the APEC summit a National Special Security Event based on its significance, size and attendees, ensuring considerable federal resources would be deployed to put in place a robust security plan.

US Treasury Secretary Janet Yellen welcomes Treasurer of Australia Jim Chalmers at the start of a bilateral meeting at the Asia-Pacific Economic Cooperation (APEC) Summit on November 12, 2023 in San Francisco, California. The APEC Summit is currently taking place through November 17. (Photo by Loren Elliott / AFP) (Photo by LOREN ELLIOTT/AFP via Getty Images)

The U.S. Secret Service said local security measures have also been heightened for the duration of the gathering. The area around the Moscone Center, for instance, will be fully locked down.

“While an event of this size will undoubtedly impact the people of San Francisco, the goal of the Secret Service and our law enforcement and public safety partners is to provide a secure environment while minimizing impact and inconveniences to residents and businesses,” said Jeremy Brown, the Secret Service’s APEC Summit coordinator assistant special agent-in-charge.

San Francisco’s emergency operations center said city leaders have been cooperating with the Secret Service, U.S. State Department and the White House to minimize public impact as much as possible.

San Francisco police have established areas beyond the secure zones “to ensure balance between the rights of individuals to exercise their First Amendment rights with public safety and event security.”

William Scott, San Francisco’s chief of police, said the entire force has been mobilized for the summit.

“Our message is simply this,” Scott said. “People are welcome to exercise their constitutional rights in San Francisco, but we will not tolerate people committing acts of violence, property destruction or any other crimes.”

Israel supporters to gather in Washington


Meanwhile, at the National Mall in Washington demonstrators will assemble Tuesday afternoon in support of Israel at an event organized by the Jewish Federations of North America and the Conference of Presidents of Major American Jewish Organizations.

The March for Israel is described as a chance to gather in solidarity with the Israeli people and demonstrate commitment to “America’s most important ally in the Middle East” while condemning rising antisemitic violence and harassment and demanding the safe release of 240 hostages Israel says are being held by Hamas and other militant groups.

Members of the Jewish community and supporters of Israel attend a rally calling for the release of hostages held by Hamas, in Times Square, New York on October 19, 2023. The US intelligence community has estimated there were likely 100 to 300 people killed in the strike at the Ahli Arab hospital in Gaza, according to excerpts of a document seen October 19, 2023 by AFP -- far fewer than the nearly 500 deaths that health authorities in the Hamas-ruled enclave originally described.More

In response to queries about what preparations the department was making for the march, Sgt. Adrian Channer, a spokesperson for Washington’s Metropolitan Police Department, issued a statement.

“The Metropolitan Police Department is working closely with our local and federal partners to ensure safety and security surrounding First Amendment activities planned for Tuesday,” it said. “MPD does not provide specifics on operations, tactics or staffing.”

The ongoing conflict between Israel and Hamas was sparked when Hamas militants breached the border and killed more than 1,400 mostly civilian Israelis on Oct. 7, taking hostages. Israel has since refused requests for a humanitarian cease-fire until the hostages are released.

Meanwhile, the Gaza Health Ministry says Israeli offensives have killed more than 10,500 Palestinians.

“Israel must eliminate the terrorist threat on its border and restore safety and security to its people,” Eric Fingerhut, president and CEO of the Jewish Federations of North America, said in a press release. “…. As patriotic Americans, we will gather on the National Mall to ensure that the entire world knows that America supports the people of Israel in its time of need.”

'We rely on other communities'

William Daroff, CEO of the Conference of Presidents, said the march represents an extension of the group’s work defending the interests of Jewish people in the U.S. and abroad.

“Hamas’ brutal and ongoing acts of terror have no place in a civilized world and directly undermine global efforts to seek just and lasting peace in the Middle East,” Daroff said. “It’s imperative that America sends a resounding message of support to our ally that we stand in solidarity with the victims, hostages and their families.”

Among the groups that will be participating in the march is Maccabi USA, a Philadelphia-based nonprofit that promotes Jewish pride and community for Jewish youth and young adults through athletic and cultural enrichment opportunities.

An Ultra-Orthodox Jewish man walks outside the walls of the old city of Jerusalem, on which are projected pictures of the hostages abducted by Palestinian militants on the October 7 attack and currently held in the Gaza Strip, on Nov. 6, 2023, amid the ongoing battles between Israel and the militant group Hamas.

Dan Kurtz, the group’s senior director of strategic initiatives, said Maccabi USA’s involvement reflects a Jewish tradition of standing up for disenfranchised and marginalized groups but is especially crucial given a recent spike in antisemitic incidents.

“It’s also important because the answer to combatting any bias, whether it’s antisemitism or racism or bias against sexual preference, is never solely within the community itself,” Kurtz said. “We rely on other communities. So the march is an opportunity to put names and faces to the problems that the Jewish community is facing now – and hopefully to win some allies.”

The event, he said, also offers an opportunity to reclaim a sense of community for Maccabi alumni who may reside in places where there are small Jewish populations.

“In moments like this, where the Jewish community feels by and large that we’ve been abandoned by allies and peers, that organizations we stood up and marched for and with have turned their backs on us, it can be isolating and scary and make young people feel very alone,” Kurtz said. “It’s important for us to be at the march to give our alumni the opportunity to connect with the larger Jewish community.”

This article originally appeared on USA TODAY: Across US, activists march for Israel, climate health and labor rights

Monday, November 13, 2023

San Francisco CEO summit offers welcome boost — and some risk — for Biden, Newsom, Breed

2023/11/12
President Joe Biden replies to questions form reporters after welcoming bipartisan mayors attending the Conference of Mayors Winter Meeting to the White House on Friday, Jan. 20, 2023, in Washington, D.C..
 - Yuri Gripas/Abaca Press/TNS

The massive convergence of world and corporate leaders on San Francisco for this week’s Asia Pacific Economic Cooperation gathering offers a welcome boost — but also some risk — for Democratic Party leaders from President Joe Biden to Gov. Gavin Newsom and Mayor London Breed.

All three have seen their popularity sag in recent polls amid mixed economic signals, troubles abroad and domestic woes from crime to homelessness, while the host city itself has seen its spectacular vistas, cable cars and sourdough eclipsed by news reports of rampant retail thefts, car break-ins and homelessness.

The APEC CEO Summit — said to be the biggest gathering of world leaders in the city since the founding of the United Nations there in 1945 — offers a chance to reset that narrative.

“There’s a lot at stake,” said David McCuan, a political science professor at Sonoma State University. “It’s a bit of a forward-looking, turning of the page.”

The event will bring together Biden with the leaders of China, Canada, Vietnam, Malaysia, Thailand, Peru, Chile, Indonesia and the Philippines along with dozens of marquee CEOs including Tesla’s Elon Musk, Pfizer’s Albert Bourla, Google’s Sundar Pichai, Microsoft’s Satya Nadella and Uber’s Dara Khosrowshahi.

The idea is to foster high-level dialogues around sustainability, inclusion, resilience and innovation across the pan-Pacific economies. Biden’s meeting with Chinese President Xi Jinping, their first in a year, is particularly noteworthy, where they’ll discuss fraught relations over trade, Taiwan, North Korea and Iran.

But anytime the president comes to the Bay Area, big bucks fundraising is involved. The event coincides with a San Francisco dinner Tuesday for Biden and Vice President Kamala Harris hosted by real estate magnate and political consultant Clint Reilly. Tickets range from $250,000 to $1,000. Newsom is featured as a special guest.

For Biden, who at 80 has been criticized for everything from his advanced age to inflation, illegal immigration, the economy and his handling of the Israel-Hamas war and China, it’s an opportunity to show he’s engaged with world leaders and driving his agenda on a top issue heading into his reelection bid next year.

“This is less responding to crises and more of a U.S. foreign policy that’s active rather than reactive,” said Jason McDaniel, associate professor of politics at San Francisco State University. “That’s something President Biden will want to show.”

McCuan added that there is important symbolism in the setting.

“This is the place where the U.N. was established to decide what a post-World War II world would look like,” McCuan said. “It’s a place where these individuals can point to new era cooperation amid competition.”

Berkeley Institute of Governmental Studies poll Nov. 8 found that among voters in California, the Democrats’ great blue whale on the electoral map, 52% disapprove of Biden’s performance and 44% approve. Majorities disapprove of Biden’s handling of immigration, inflation, crime and the Israel-Hamas war, and more disapprove than approve of his handling of China.

Poll director Mark DiCamillo said that while it doesn’t mean Biden would lose the Golden State to a Republican, it mirrors similar findings in other national polls that could signal trouble for his reelection bid.

“His job ratings are underwater,” DiCamillo said. “That’s the first time we’ve seen more people disapproving than approving of him.”

Harris, a former San Francisco District Attorney and California’s former attorney general and U.S. senator, has also suffered dismal polling. It’s unclear what role she might play this week back in the Bay Area besides fundraising because she isn’t listed among APEC’s official attendees.

For Newsom, a former San Francisco mayor who cruised to reelection after handily defeating a recall attempt and has since been raising his national profile for a presumed future presidential bid, the summit is also a chance to reverse a recent slide in the polls.

Nov. 7 Berkeley IGS poll found more Californians now disapprove than approve of his job performance, 49% to 44%, with discontent particularly among political moderates and independent voters, the state’s two major swing voter blocs. Those voters indicated they disapprove of Newsom’s recent more active role in national Democratic politics, such as sparring with red-state governors, instead of tackling the state’s issues. And while half of voters approved of his recent trip to China to promote climate initiatives, 39% disapproved.

“Voters want their governor to do the job they’ve elected him to do,” DiCamillo said.

The APEC summit allows Newsom to show doubters he has gravitas as a leader, and not just “this pretty face and not a lot of substance,” McDaniel said.

“I think for Newsom’s future political ambitions, this looks like a positive event for him,” McDaniel said. “It’s something he will point to as something positive showing some substance on the world stage.”

Breed, who many Democrats have seen as a rising star in their party, also has been buffeted in polls as residents vent frustration over quality-of-life-issues and images of smash-and-grab thefts, store closures and encampments of homeless drug addicts lining city streets.

September poll by a group called GrowSF that has criticized the city’s handling of the homeless found 68% of residents say the city is on the wrong track, and 60% have an unfavorable view of Breed, far more than for reelection rivals Daniel Lurie (11%), a Levi Strauss heir, and county Supervisor Ahsha Safai (23%).

Breed’s office has been stepping up homeless encampment clearings in advance of the APEC gathering, hoping to avoid a repeat of Super Bowl 50 TV coverage in 2016 that showed homeless encampments and gave the city a black eye.

McDaniel said the conference has enabled Breed to muster support for tackling those problems.

“She’s a vulnerable incumbent, and it’s a chance to reset some of those narratives going into the campaign,” McDaniel said. “She wants to be able to tell that story of progress being made.”

But the event also poses political risks for all three as well, political experts say. A variety of groups are planning protests. They include climate activists calling out a gathering that also will include CEOs of ExxonMobil and major banks and credit companies, and critics of the Biden administration’s policies in the Middle East, Cuba and the Philippines.

It’s hard to say how large and rowdy those protests might be — heavy rain is forecast. But any ugly clashes between protesters and police carry political risk for the mayor, governor and president. Chaos would reflect on Breed, and on Newsom as he introduces himself to the nation’s voters, while protests would underscore Democratic divisions over China, Israel and economic policy.

Foreign dignitaries and visitors having their cars broken into or encountering homeless encampments or public drug markets also pose a risk.

“That can feed back into the narratives we’ve seen as predominant about San Francisco,” McDaniel said.

For Newsom, there is an additional challenge: He also must walk a delicate tightrope, presenting himself as a credible national leader without upstaging the president and vice president.

“You have to demonstrate you have some substance,” McCuan said, “and still you don’t want to step on the toes of the president of the United States.”

© The Mercury News


Hundreds protest APEC on eve of San Francisco meeting


San Francisco (AFP) – Hundreds of demonstrators, from anti-capitalists to pro-Palestinian advocates, gathered in San Francisco on Sunday on the eve of an APEC summit to protest against the world bloc.

"The cause of the liberation of peoples is international, all these causes are interconnected" 

Issued on: 13/11/2023 -
Demonstrators hold flags and placards during a 'No on APEC' protest on November 12, 2023 ahead of the summit in San Francisco
 © ANDREW CABALLERO-REYNOLDS / AFP

The protestors marched through the US city demanding participants in the Asia-Pacific Economic Cooperation forum put people and planet above business.

"APEC is a form of neoliberal colonial government," Nik Evasco told AFP.

"We're here to make sure they put people and planet front and center of the issues they are negotiating."

President Joe Biden this week plays host to 20 other members of APEC, a trade-focused body whose summit will be dominated by the US leader's meeting with Chinese Premiere Xi Jinping, as well as Israel's war with Hamas.

"They are framing negotiations around trying to build a green economy, but what actually happens is exploiting... precious resources essential to develop clean solutions in order to make profits for corporate CEOs here in the US," said Evasco.

The gathering also attracted a number of pro-Palestinian protesters, who called for an end to "genocide" in the Gaza Strip.
Demonstrators wave Palestinian flags during the 'No on APEC' protest in San Francisco on November 12, 2023 
© ANDREW CABALLERO-REYNOLDS / AFP

"I'm here to protest in solidarity with Palestinians who have been undergoing 75 years of occupation and genocide and ethnic cleansing," said Eleonore Collet, 28.

"It's truly a genocide, and we are funding it in the US and that feels deeply wrong."


Hamas militants launched a bloody assault in Israel on October 7, killing around 1,200 people, mostly civilians, and taking about 240 people hostage, according to Israeli figures.

Israel's response has since killed more than 11,000 people in Gaza, also mostly civilians, over 4,600 of them children, according to the Hamas government's media office.

Collet said even though Israel was not part of APEC, she felt it made sense to demonstrate here.

"The cause of the liberation of peoples is international, all these causes are interconnected," she said.

© 2023 AFP

Tuesday, November 22, 2022

Full text of Xi's written speech at APEC CEO Summit
Story by Zhang Yisheng •

A logo of APEC 2022 is pictured in Bangkok, Thailand, Nov. 16, 2022. (Xinhua/Wang Teng)

Full text of Xi's written speech at APEC CEO Summit© Provided by XINHUA

BANGKOK, Nov. 18 (Xinhua) -- Chinese President Xi Jinping delivered a written speech titled "Staying Committed to and Jointly Promoting Development to Bring Asia-Pacific Cooperation to New Heights" here Thursday at the Asia-Pacific Economic Cooperation (APEC) CEO Summit.

The following is the full text of the speech:

Staying Committed to and Jointly Promoting Development to Bring Asia-Pacific Cooperation to New Heights

Written Speech by H.E. Xi Jinping

President of the People's Republic of China

At the APEC CEO Summit

Bangkok, 17 November 2022

Representatives of the Business Community,

Ladies and Gentlemen,

Friends,

It gives me great pleasure to come to the beautiful city of Bangkok for the APEC CEO Summit.

Our world has once again reached a crossroads. Where is it headed? What should we do here in the Asia-Pacific? These questions demand urgent answers.

The 21st century is the Asia-Pacific century. Our region, which accounts for one-third of the world's population, over 60 percent of the global economy and close to half of global trade, is the most dynamic growth belt in the world. We, members of this region, have come a long way in pursuing economic development, and we will surely write an even more brilliant chapter in the years ahead.

Currently, the Asia-Pacific enjoys overall stability. Cooperation in our region has been steadily advanced, and peace, development and win-win cooperation remain the underlying trend in this region. On the other hand, the world has entered a new period of fluidity and change. Both geopolitical tensions and the evolving economic dynamics have exerted negative impact on the development environment and cooperation structure of the Asia-Pacific. The COVID-19 pandemic keeps resurging. The global economy faces mounting downward pressure and growing risk of recession. Food, energy and debt crises are emerging together. Many countries are encountering considerable difficulties in economic and social development. Various factors of uncertainty and instability are growing. The Cold War mentality, hegemonism, unilateralism and protectionism are mounting. Acts that distort international norms, disrupt economic linkages, inflate conflicts in regions, and impede development cooperation are all too common. All these pose a serious challenge to peace and development in the Asia-Pacific.

A review of the past may offer a clue to what will happen in the future. Over the past decades, Asia-Pacific economic cooperation has injected powerful impetus into the development of our region and greatly improved the wellbeing of our peoples. We should draw on the valuable past practices and remain firm in pursuing our development goals.

-- We should follow a path of peaceful development. The Asia-Pacific, once a ground of big power rivalry and a place fraught with international disputes, suffered so much from conflicts and wars. History tells us that bloc confrontation cannot solve any problem and that bias will only lead to disaster. It is precisely because the Asia-Pacific was freed from the shadow of the Cold War that this region, and particularly its small- and medium-sized economies, have been able to embark on a fast track toward modernization and create the Asia-Pacific miracle.

The Asia-Pacific is no one's backyard and should not become an arena for big power contest. No attempt to wage a new Cold War will ever be allowed by the people or by our times!

-- We should follow a path of openness and inclusiveness. Openness and inclusiveness are vital for human prosperity and advancement. Over the past decades, we economies in the Asia-Pacific have overcome market fragmentation, built closer economic linkages and embraced the world, thus opening up vast space for economic development. APEC, guided by open regionalism and the principles of diversity and non-discrimination, has become an architecture for inclusive and win-win regional cooperation. It is by acting on such a far-sighted vision that we in the Asia-Pacific have been able to seize the opportunities of economic globalization and become a forerunner of the times in pursuing regional economic integration.

Openness brings progress while closing the door can only leave one behind. Any attempt to disrupt or even dismantle the industrial and supply chains formed in the Asia-Pacific over many years will only lead Asia-Pacific economic cooperation to a dead end.

-- We should follow a path of solidarity. The Asia-Pacific miracle has been created by all of us working hand in hand and overcoming difficulties and obstacles. Over the years, we in the Asia-Pacific have stayed together as one big family. We have met challenges head-on in solidarity, defused various risks and navigated the surging tides of the global economy. Through cooperation, we have forged a sense of community, which has laid a solid foundation for steady progress.

The Asia-Pacific has entered a crucial stage of post-COVID recovery. The economies in our region are confronted with disrupted supply chains, strained food and energy supply, growing inflationary pressure and other difficulties. We should strengthen cooperation, support and help each other, and enable the Asia-Pacific to be a leader in boosting global economic recovery.

Facing these new developments, we need to draw on past experiences and lessons, respond to the challenges of the times and steadfastly advance Asia-Pacific regional economic integration, so as to jointly break new ground in development and build an Asia-Pacific community with a shared future.

First, we should bolster the foundation for peaceful development. We should abide by the purposes and principles of the UN Charter, pursue the vision of common, comprehensive, cooperative and sustainable security, and jointly reject the Cold War mentality and bloc confrontation. We need to build an Asia-Pacific security architecture to create conditions for ensuring economic development and durable peace and stability in the Asia-Pacific.

Second, we should take a people-centered development approach. We need to ensure people's well-being through economic development, meet the needs of vulnerable groups, narrow the income gap and foster an inclusive environment for development. The developed economies in the Asia-Pacific should play a positive role and actively support the developing economies. Together, we can forge a new partnership of unity and equality, a partnership that is balanced and inclusive.

Third, we should pursue higher-level opening-up. We need to deepen cooperation within the APEC framework, advance the building of a Free Trade Area of the Asia-Pacific and implement the Putrajaya Vision. We need to engage fully and deeply in the reform of the World Trade Organization, achieve better alignment among the Regional Comprehensive Economic Partnership, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, and build an open Asia-Pacific economy.

Fourth, we should strive for higher-standard connectivity. We should, guided by the APEC Connectivity Blueprint, boost hard and soft connectivity and exchange of personnel in a well-ordered way. China will actively enhance the complementarity between the Belt and Road Initiative and the development strategies of other parties to jointly build a high-quality Asia-Pacific connectivity network.

Fifth, we should build stable and unimpeded industrial and supply chains. We need to follow the laws governing economic activities and market principles, facilitate the free flow of production factors, protect the production and supply systems of goods and services, and build convenient, efficient and secure industrial and supply chains in the Asia-Pacific. Unilateralism and protectionism should be rejected by all; any attempt to politicize and weaponize economic and trade relations should also be rejected by all.

Sixth, we should promote economic upgrading. We need to embrace the new round of scientific and technological revolution and industrial transformation, accelerate scientific, technological and institutional innovation, foster new economy, new types of business and new business models, and achieve digital transformation of the Asia-Pacific economy. It is important for us to pursue green and low-carbon development, foster green economic sectors, promote green finance, and speed up the establishment of an Asia-Pacific green cooperation framework. With these efforts, we can make the Asia-Pacific a global pace-setter in pursuing economic development.

China, as a member of the Asia-Pacific, has benefited much from the region. In return, it has shared its development gains with others in the region. The Chinese economy and the Asia-Pacific economy are interdependent and deeply integrated with each other. In fact, China is now a major trading partner of many Asia-Pacific economies and an important part of the industrial and supply chains in the region. China is committed to promoting the building of an Asia-Pacific community with a shared future, and will do more to enhance the stability and prosperity of the Asia-Pacific.

Not long ago, the Communist Party of China successfully convened its 20th National Congress, during which it laid out the overarching goal for China's development both at the current stage and in the years to come, and decided on the steps to be taken to this end. In particular, a call was made at the Congress to pursue Chinese modernization on all fronts.

-- To date, no more than 30 countries, with a total population of less than one billion, have achieved industrialization. Against this backdrop, the modernization of China, a country with over 1.4 billion people, will be of epoch-making importance in human history. To ensure greater success in China's economic and social development, it is critical to unleash the strength of its over 1.4 billion people. We will continue to take the people-centered approach and raise living standards. Our goal is to increase the middle-income population to more than 800 million in the next 15 years, and promote the sustained growth of our super-sized market.

-- As an ancient Chinese historian observed, "Governance is all about enriching the people." China has won the critical battle against poverty and finished building a moderately prosperous society in all respects, and it is now continuing its efforts to achieve common prosperity for all. The common prosperity we have in mind aims to better meet people's needs for a better life. It aims to achieve, over time, overall prosperity and prosperity for all. We will leverage the role of both the market and the government and ensure both performance and fairness. We will make the pie bigger and share it fairly, and build an olive-shaped structure of income distribution. I have put forward the Global Development Initiative (GDI) for the very purpose of addressing imbalance in development. China is working with over 100 countries and international organizations to advance the GDI and see that the deliverables promised at this year's High-level Dialogue on Global Development will reach those in need. China stands ready to provide more resources for global development cooperation and work with all other parties to build a global community of development.

-- I have often said that we should not only have towering buildings across China. More importantly, we should build a huge mansion, one of powerful inspiration, for the Chinese nation. We will keep raising people's living standards and enriching their lives, so that every family will enjoy a decent life and everyone will be imbued with a strong sense of moral integrity. We believe in equality, mutual learning, dialogue and inclusiveness between different civilizations. We call upon all countries to hold dear humanity's common values of peace, development, fairness, justice, democracy and freedom. And we should overcome estrangement between civilizations with exchanges, prevent their clash with mutual learning, and overcome a false sense of superiority with coexistence. In short, we should promote human advancement along a balanced, positive and upward trajectory.

-- In pursuing Chinese modernization, we will follow a new path of maintaining harmony between humanity and nature. This is our responsibility not only for ourselves, but for the world as well. In recent years, we have, acting on the belief that lucid waters and lush mountains are invaluable assets, pursued all-round green transition in economic and social development; and we have endeavored to build a Beautiful China with blue skies, green lands and clear waters.

China has set the goal of striving to peak CO2 emissions before 2030 and achieve carbon neutrality before 2060. This is our solemn commitment to the international community. Over the past decade, China has been among the countries with the fastest energy intensity reduction in the world. We have overfulfilled the 2020 target of cutting carbon emission intensity by 40 to 45 percent. As a result, a total of 5.8 billion tons less of CO2 is emitted. China now has both the largest carbon market and the largest clean electric power generation system in the world. We will enhance cooperation with all other stakeholders, and advance steadily along the path of green and low-carbon transition in a concerted effort to build a community of life for humanity and nature.

-- More than anything else, we Chinese hope to see peace and stability. To follow the path of peaceful development is a strategic choice made by us in the fundamental interests of the Chinese people. We will stand firmly on the right side of history. We will stay committed to peace, development, cooperation, and delivering mutual benefit. We will strive to safeguard world peace and development as we pursue our own development, and we will make greater contribution to world peace and development through our own development.

Over the years, the Asia-Pacific business community has been an important driver fueling growth in our region. Some say that entrepreneurs are pessimists in the short term, but optimists in the long term. If one cannot foresee risk in time of prosperity, he cannot run a business well. But neither can he grow his business if he fails to see the long-term positive trend. I hope that all of you, as business leaders, will give full rein to entrepreneurship, actively involve yourselves in economic cooperation and China's reform, opening-up and modernization endeavors, and contribute to boosting development and prosperity of both the Asia-Pacific and the world.

Thank you. ■

Sunday, September 09, 2007

APEC Is Not Kyoto

Todays Headlines.

Made In Canada APEC Climate Accord.

More Hot Air in Sydney Declaration.

And, Harper gets his wish.

So if Kyoto is a failure for Australia, Canada, and the United States they get to scuttle the whole deal with their
Sydney Declaration on Climate Change

Which Harper can further use as evidence that Kyoto doesn't work. Abroad or at home. Canada will then set its own targets regardless of Kyoto. Which was his agenda all along. That and killing bill C-3o.

Note that the mutually agreed upon target date is the Tories target date of 2050.

Orwellian speak abounds in and around the APEC Anti-Kyoto statement. And that is all it is. An attempt to justify Canada's target date versus that of the rest of the G8 which has set more rapid targets.

"No one meeting, no one agreement is going to fix this issue," Howard said of human-caused climate change. "Kyoto didn't fix it. The Canadian prime minister made the comment about Kyoto that it was really an agreement that produced two groups of countries, those countries that didn't have any targets to meet, and those countries that have failed to meet the targets that were set."

But Harper said Howard was taking his comments out of context, and even messed up the punch line of his joke.

"The quip I think I said in a (previous international) leaders' meeting was that Kyoto divided the world into two groups: those that would have no targets and those that would reach no targets. It's, as I say, just a quip, but I think there's a fair amount of truth to it."



The Sidney Declaration is a self fulfilling prophecy for Harper and Howard.


Prime Minister Stephen Harper says it premature to be demanding climate-change goals of other countries, but he hopes that the participants at this weekend's APEC conference can at least agree those goals must be set.

"We haven't reached the point where we can dictate targets to the rest of the world," the Prime Minister told a late afternoon press conference on Friday.

Mr. Harper pointed out that the reduction targets set out in the Kyoto Accord — targets that his government rejects as being too costly to the environment — were never approved by countries that produce two third's of the world's emissions. And he said he believes that a G8 meeting held last June in Berlin produced the most reasonable approach to cutting the production of the gases that have been linked to global warming.

"Canada, Japan and others have articulated a specific goal that we would like to see which is a reduction of emissions by half by the year 2050. Not everybody even in the G8 yet subscribes to that," said Mr. Harper.


The 1997 Kyoto treaty – aimed at halting the speed of global warming – treats developing countries differently. It puts the burden of mandatory emissions cuts squarely on the shoulders of wealthy countries.

Harper, Howard and U.S. President George W. Bush are critical of that deal, with Harper suggesting yesterday it offered developing countries an escape hatch.

"Let's remember . . . if we can get an international protocol, this is a big, big step. It will be the first time the world has done this. In the Kyoto protocol, nations representing two-thirds of emissions essentially opted out. So we have to do a better job next time."

But Graham Saul, of Climate Action Network Canada, said in a telephone interview from Ottawa that Harper's statement is "outrageous" and "a total misrepresentation" of Kyoto's premise of "common but differentiated responsibilities."

"Kyoto is based on the principle that the rich countries are disproportionately responsible for the problem and so bear disproportionately the responsibility for solving it, and poor countries like India, where 500 million people don't even have light bulbs in their homes, shouldn't be forced to accept binding targets."

Until a global deal is reached, Harper also told reporters Canada would do well to join a group like the Asia Pacific Partnership, or AP-6, a six-member group co-founded by the U.S. and Australia that opposes binding targets on governments. Rather, it endorses a voluntary approach to greenhouse gas cuts, leaving governments to establish their own best methods of reaching goals.

Environmentalists have dismissed the climate-change declaration signed Saturday by the leaders of 21 Pacific Rim countries, including Canada.

The deal, announced in Sydney by Australian Prime Minister John Howard, includes the intention to set aspirational — voluntary — emissions reductions targets, and other green initiatives.

"We agree to work to achieve a common understanding on a long-term aspirational global emissions reduction goal," said the Sydney Declaration, issued after the Asia-Pacific Economic Cooperation leaders meeting.

Canada was given credit Saturday for helping the leaders set the targets. "We appreciate the efforts of Japan and Canada in proposing a long-term global goal," the declaration said.

Howard said that it "does transcend a number of international divisions. In particular I note that it is the first such gathering that has included both the United States and China in coming together regarding the aspirational goal."

Even a member of Howard’s cabinet had harsh words about aspirational targets in April. In a lecture at Monash University, Australia’s Foreign Minister Alexander Downer said aspirational targets are “code for ‘a political stunt.’ An aspirational target is not a real target at all.”

This appears to be part of the increasingly popular attempt by resistant governments to SAY they are taking climate change seriously while doing nothing serious about it. Australia's "principles" on climate change were clear enough when it helped to create the anti-Kyoto Asia-Pacific Partnership on Clean Development and Climate: it seemed largely a matter of making the world safe for unrestrained coal exports.

Now, we have the prospect of the more formal and influential APEC organization joining this campaign to set a "long-term aspirationial goal."

It's instructive in these circumstances to listen closely to what people are actually saying. A goal, traditionally, is something that you want to achieve. A "long-term aspirational goal," on the other hand, sounds very like something that you would like to put off, or perhaps merely enshrine in a declaration while continuing to undermine the single international agreement (Kyoto) that has real and measurable climate change "goals."

There has been real movement in the last year on this issue. U.S. President George Bush, Canadian Prime Minister Stephen Harper and Australia's Prime Minister Howard no longer try to deny the science of climate change.

But their new tactic - nodding enthusiastically to a worried electorate while continuing to block international action - is still just so much spin. Until the world's largest energy producers (including coal countries like the U.S. and Australia) stop talking "aspirations" and start committing to measurable targets, there is no reason to take their declarations as anything more than public relations in its most poverty stricken form.

And again we have Alberta/Canada writ into the Sidney declaration, with reference to intensity targets.

Australian Prime Minister John Howard, host of the APEC summit, nevertheless says the leaders have agreed on three "important and very specific things."Firstly, the need for a long-term aspirational global emissions reduction goal. And that is enshrined in the Sydney Declaration," he said. "Secondly, the need for all nations, no matter what their stage of development, to contribute accordingly to their own capacities and their own circumstances to reducing greenhouse gases. Thirdly, we have agreed on specific APEC goals on energy intensity and forestry, and we've also agreed on the important role of clean coal technologies." "Energy intensity" is a measure of energy efficiency. The declaration said members should aim for a 25 percent reduction in energy intensity by the year 2030.


Ironically it is the Chinese who are demanding these three countries meet their Kyoto obligations as the basis for China coming into the second round of the Kyoto accord. Something that won't happen as long as Harper says we can't.


THE Prime Minister, John Howard, compromised on his Sydney climate change declaration to accommodate the tough stance of the Chinese President, Hu Jintao, supporting the United Nations and the Kyoto Protocol. The protocol includes binding targets for developed countries to cut emissions.

At the Asia-Pacific Economic Co-operation forum leaders' meeting on Saturday, shortly before the release of the declaration, Mr Hu bluntly told Mr Howard that the UN Framework Convention on Climate Change "and its Kyoto Protocol" was the legal basis for any international co-operation on climate change.

He also told Mr Howard the framework and the Kyoto Protocol were "the most authoritative, universal and comprehensive international framework" for tackling climate change.

"Developed countries should face their historical responsibility and their high per-capita emissions," Mr Hu insisted, saying the countries should "strictly abide by their emission reduction targets set forth in the Kyoto Protocol". His remarks were circulated by Chinese officials after the APEC leaders' meeting and before the final Sydney declaration was released.

So it goes back to the old cyclical argument; China is not in, the United States and Australia haven't signed on yet, and Canada can't meet its targets, so Kyoto is a failure. But that is just an excuse, and one that won't last through the next election.


But the program adopted by the 21-member Asia-Pacific Economic Cooperation summit set precedents that the United States, Japan and Australia say are important as the world grapples with climate change. Chiefly, China, which if not already the biggest polluter will be soon, agreed to a goal that also applies to rich countries.

"This is the first occasion ever that China ... has agreed to any notion of targets at all for developing countries as well as developed countries," Australian Foreign Minister Alexander Downer told local television on Sunday. "That is, by the way, an enormous diplomatic breakthrough."

Although Chinese President Hu Jintao agreed to the climate-change pact, he argued that developing nations like China have a lesser role to play. In remarks to fellow leaders Saturday, Hu said rich countries have polluted for longer and thus must take the lead in cutting emissions and providing money and technology to help developing countries clean up.

"In tackling climate change, helping others is helping oneself," Hu said.

China, Indonesia and other poorer APEC members like Kyoto because it holds richer countries to this higher standard and exempts developing countries from emissions targets. Even though Kyoto supporters Canada, New Zealand and Japan have failed to meet their targets, experts say the agreement has had a positive effect.

"It's not simply whether any one particular country actually achieved its target or not, it's the overall impact of the protocol which has had an effect of bringing down emissions from what they would have been," said Graeme Pearson, who was the climate director of Australia's main scientific research body from 1992-2002.


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Tuesday, February 28, 2023

HEGEMON WITH NO PAID LEAVE LECTURES OTHERS
Cooperation Is Key To Advancing Critical Priority Of Women's Economic Participation

Tuesday, 28 February 2023, 
Press Release: APEC

Issued by the APEC Policy Partnership on Women and the Economy

Palm Springs, The United States, 27 February 2023

APEC members accelerate their coordinated work to tackle gender inequality in the region by diving deep into issues critical to women's full economic participation in the care economy and their role in climate mitigation.

Led by the APEC Policy Partnership on Women and the Economy (PPWE), members advance gender mainstreaming across the forum and address and remove barriers that continue to prevent women and girls from diverse backgrounds from participating in and benefiting from the economy.

Addressing the PPWE meeting in Palm Springs last week, Rachel Vogelstein, the United States’ National Security Council Special Advisor on Gender highlighted the essential role of women’s full economic participation to the prosperity, stability and security of APEC economies.

Vogelstein argued that advancing women's economic participation is not only a moral imperative, but a strategic imperative; “one that will strengthen all of our economies.”

Strengthening the care economy is one area to focus on, according to Vogelstein. “Just as roads and bridges helped facilitate labor force participation so too does the infrastructure to ensure that children and elders are healthy, safe and cared for while family members are at work.”

She also stressed that the climate crisis is inextricably linked with gender and equality, stating that left unchecked, climate change will further entrench global patterns of inequality.

“Although women and girls have been some of the most vocal advocates and supporters of environmental stewardship, they remain dramatically underrepresented in the green and blue sectors, and in leadership positions at the climate change decision making table,” Vogelstein said.

Besides climate, closing the digital gender gap exacerbated by the pandemic is deemed crucial to advance women’s economic participation. Vogelstein called for closer partnership with the private sector to address affordability and access to mobile devices and internet services, to promote digital literacy and skills training and address online safety and for freedom from technology facilitated gender-based violence and harassment.

“We simply cannot realize the full potential of our economies if women are not online,” she said. “Let us all collaborate in good faith to find common ground to help advance the critical priority of women's economic participation which will not only provide security to women and families but to entire economies.”

This year, the PPWE is looking at structural reforms to ensure women can equally access and benefit from policy efforts. APEC members discussed the economic and social outcomes for women with regard to the unequal distribution of care, including those related to workforce participation, job opportunities and the gender pay gap, as a consequence of this disparate distribution.

© Scoop Media

Sunday, November 20, 2022

Taiwan's APEC envoy at the center of processor chip tension


 Singapore's Prime Minister Lee Hsien Loong, left, and Taiwan's envoy Morris Chang, founder of one of the world's largest chip manufacturers TSMC, talk before an informal dialogue session at APEC Haus, Nov. 18, 2018, in Port Moresby, Papua New Guinea. Chang, 91, will once again be Taiwan’s envoy at this week's APEC held in Bangkok, Thailand, Nov. 16-19, 2022. (AP Photo/Mark Schiefelbein, File)More

JOHNSON LAI and JOE McDONALD
Wed, November 16, 2022 

TAIPEI, Taiwan (AP) — Taiwan’s envoy to a gathering of Asia-Pacific leaders is the 91-year-old billionaire founder of a computer chip manufacturing giant that operated behind the scenes for decades before being thrust into the center of U.S.-Chinese tension over technology and security.

Morris Chang’s hybrid role highlights the clash between Taiwan's status as one of China's top tech suppliers and Beijing's threats to attack the self-ruled island democracy of 22 million people, which the mainland's ruling Communist Party says it part of its territory.

Taiwan’s decision to send Chang instead of a political leader to the Asia-Pacific Economic Cooperation summit in Thailand reflects the island's unusual status. The United States and other governments have agreed to Chinese demands not to have official relations with Taiwan or have their leaders meet its president.

Chang transformed the semiconductor industry when he founded Taiwan Semiconductor Manufacturing Corp. in 1987 as the first foundry to produce chips only for customers without designing its own. That allowed smaller designers to compete with industry giants without spending billions of dollars to build a factory.
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TSMC has grown into the biggest chip producer, supplying Apple Inc., Qualcomm Inc. and other customers and turning Taiwan into a global tech center. TSMC-produced chips are in millions of smartphones, automobiles and high-end computers.

Despite that, TSMC ranks high on any list of the biggest companies that are unknown outside their industries.

Chang, a Texas Instruments Inc. veteran who served as TSMC chairman until 2018, represented then-President Chen Shui-bian at the Asia-Pacific Economic Cooperation meeting in 2006. He was re-appointed to the same job in 2018, 2019 and 2020 by President Tsai Ing-wen.

“Taiwan’s semiconductor industry, especially TSMC, plays a pivotal role in the domestic and even the world economy,” Tsai told reporters on Oct. 20. "At this important moment, Chang is an irreplaceable candidate to serve as the representative of our country’s APEC leaders.”

Britain's trade minister, Greg Hands, said London wants closer cooperation with Taiwan on semiconductors during a visit this month. Britain is home to Arm, a leading chip designer.

Taiwan is in a “very challenging environment” and APEC is the “most important international conference venue for Taiwan,” Chang said at the Oct. 20 briefing with Tsai.

“Taiwan needs to build a secure and resilient supply chain with trusted partners, especially in the electronics sector,” he said.

Last year, Chang warned support was eroding for globalization and free markets that helped TSMC prosper.

“Globalization seems to be a bad word and ‘free market economy’ is beginning to carry conditions,” Chang said while accepting an award from the Asia Society.

“Many companies in Asia and America face challenges as to how to operate in the new environment,” Chang said. “Still, I’m confident that solutions will be found.”

TSMC was thrust into geopolitics in 2020 when then U.S. President Donald Trump blocked the company and other vendors from using U.S. technology to make chips for Chinese tech giant Huawei Technologies Ltd., which produces smartphones and network gear for phone and internet carriers. American officials say Huawei is a security threat and might enable Chinese spying, an accusation the company denies.

Most of the world’s smartphones and other consumer electronics are assembled in Chinese factories. But they need components and technology from the United States, Europe and Asian suppliers — especially Taiwan, the biggest chip exporter.

Huawei, China’s first global tech brand, designs chips but needs TSMC and other contractors to make them. Their foundries need American manufacturing technology, which gives Washington leverage to disrupt Chinese high-tech industry.

Processor chips are China’s biggest import at $300 billion a year, ahead of oil. The ruling Communist Party sees that as a strategic weakness and is spending heavily to create its own chip producers, but they are generations behind TSMC and other global leaders.

Trump’s successor, Joe Biden, left Trump's curbs in place and imposed more restrictions that extend to other Chinese companies.

TSMC, headquartered in Hsinchu, adjacent to the Taiwan capital, Taipei, says it made 12,302 different products last year for 535 customers. The company reported an $18.7 billion profit last year on $49.8 billion in revenue.

Chang was born in Ningbo, south of Shanghai, and moved to Hong Kong after a civil war on the mainland ended with the Communist Party taking power in 1949.

The mainland's former ruling Nationalist Party fled to Taiwan. The two sides have been ruled separately since then. They have no official relations but are linked by billions of dollars of trade and investment.

Chang studied at Harvard University and the Massachusetts Institute of Technology before receiving a Ph.D. in electrical engineering from Stanford University in 1964.

Chang spent a quarter-century at Texas Instruments, rising to become a vice president in charge of its semiconductor business, before being invited to Taiwan in the 1980s to lead a technology research institute.

In 1988, TSMC became Taiwan's first company traded on the New York Stock Exchange. Chang's stake in the company is worth $1.6 billion.

___

McDonald reported from Beijing.


Taiwan president decries 'rumours' about the island's chip investment risk



 Semiconductor chips on a circuit board
Tsai Ing-wen
President of Taiwan (R.O.C. authorities) and Chairperson of the Democratic Progressive Party

Tue, November 15, 2022 
By Ben Blanchard and Sarah Wu

TAIPEI (Reuters) -Taiwan President Tsai Ing-wen has decried what she called "rumours" about the risk of investing in the island's semiconductor industry and said the government was working hard to ensure investments continued.

Taiwan, home to the world's largest contract chipmaker TSMC as well as several other chip manufacturers, plays an outsized role in providing chips used in everything from cars and smartphones to fighter jets.

But the Chinese military's menacing of the island to assert Beijing's sovereignty claims, especially after U.S. House Speaker Nancy Pelosi visited Taipei in August, is causing the chip industry to rethink the risk surrounding Taiwan.

Rick Tsai, the chief executive of Taiwan's largest chip designer MediaTek Inc, also told Reuters this month that U.S.-China tensions are pushing some manufacturers to talk about expanding part of their supply chain beyond Taiwan, but also said it's "incremental."

Tsai, who met with ASML Holding's chief operations officer Frederic Schneider-Maunoury on Tuesday, praised the European manufacturer of chip-making equipment for its commitment to investing in Taiwan.

A presidential office statement quoted him as telling Tsai that the company will continue to increase its investments in Taiwan and noting that ASML has five factories and employs more than 4,500 people on the island.

"At this moment when the world is paying attention to and is concerned about Taiwan, I am very grateful to ASML for investing in Taiwan with concrete actions," Tsai said in the statement late on Tuesday.

"I believe this has also dispelled the rumours over-hyping Taiwan's risks," she added.

Tsai also said she looks forward to "Taiwan's continued deepening of cooperation with democratic allies to build a safer and more resilient global supply chain."

ASML did not immediately respond to a request for comment on the meeting.

Taiwan's Economy Minister Wang Mei-hua told reporters on Wednesday that the recent purchase of more than $4.1 billion of TSMC's stock by Warren Buffet's Berkshire Hathaway Inc would "give everyone a lot of confidence".

"I think the worries that have been around recently will pass," she added.

(Reporting by Ben Blanchard and Sarah Wu; Editing by Christian Schmollinger and Edwina Gibbs)

Monday, November 13, 2023

Sustainable development on the menu as APEC finance chiefs meet

AFP
Mon, 13 November 2023 

US Treasury Secretary Janet Yellen says APEC needs to look at sustainable economic development that takes account of environmental demands (Loren Elliott)

Economic development and environmental action need to march hand in hand if the world is to successfully combat global warming, US Treasury Secretary Janet Yellen said Monday at the start of major global meeting.

The transition to sustainable energy needed to prevent catastrophic temperature rises must form part of the effort to secure jobs and growth, she told fellow finance ministers of the 21-member Asia-Pacific Economic Cooperation (APEC) forum.

"We need to further improve our long-term economic outlook by boosting labor supply, innovation, and infrastructure investment, in ways that are also sustainable and reduce inequality," Yellen said at the start of a global gathering in San Francisco.

"We need to put ourselves on a sustainable growth path, one where we safeguard our planet while providing our economies with the clean energy they need to grow."

After several years focused on post-pandemic recovery, 2023 was a "pivotal year" for APEC, said Yellen, a time in which governments could refocus on "advancing fiscal reforms to build our economies over the long run."

But economic development cannot be separated from the immediate need to wean humanity off planet-warming energy sources, she said, noting that less wealthy countries needed help to make the leap.

"We've discussed how to finance efficient and effective energy transitions while supporting the individuals and communities who are most vulnerable," she said, referencing as an example the Just Energy Transition Partnerships (JETP) in Vietnam and Indonesia.

These agreements define conditions for rich countries to commit to financially assisting the energy transition of developing countries.

The JETP for Indonesia, the largest economy in Southeast Asia, was unveiled last year. It provides public and private funding of up to $20 billion in exchange for capping emissions from the electricity sector by 2030 and reaching zero emissions in 2050.

Not all financing systems are equal, Yellen said, noting that the markets for carbon credits need to be examined for ways to improve their integrity.

Carbon credits, which allow companies to offset their CO2 emissions, effectively permitting them to claim a heavily-polluting product is "carbon neutral", are increasingly coming under the microscope, amid claims by critics that they amount to greenwashing.

Finance ministers are meeting in San Francisco until Tuesday, with heads of government of the bloc gathering later in the week.

juj/hg/st

Wednesday, October 18, 2023

CONFRONTING THE HEGEMON
Chinese envoy uses rough language to describe US relations amid suspicion over Beijing's intentions

South China Morning Post
Wed, October 18, 2023

A senior Chinese government envoy to the US on Tuesday dismissed Washington's suspicions of Beijing's intentions with a barnyard epithet, a sharp barb delivered even as the two sides work to arrange a summit between their top leaders next month.

During a discussion at a conference of the Institute for China-America Studies, Xu Xueyan, a deputy chief of mission and a minister at Beijing's embassy in Washington, challenged the concept that "win-win" in the bilateral relationship has meant more gains for China.

"When I came here for my second posting in the United States, I've heard many people inside of the beltway telling me that you have to stop talking about 'win-win'," Xu recounted.

Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

"'Win-win is bulls**t' are the exact words used by a very senior official in the US government," she said.

The envoy, who did not identify the official or provide any further details about the conversation, then doubled down.

"And people say that 'When you Chinese talk about win-win, for us it's China winning twice, win two times,' I think that is bulls**t," Xu added.

The rancorous remarks underscore the difficulty the two sides have had in managing high-level engagements while Washington rolls out laws and executive orders meant to reduce national security vulnerabilities.

The latest of these moves - new rules to reinforce the export controls on semiconductor technology that the administration unveiled a year ago - was announced just before Xu spoke at the conference.

Her remarks also came amid uncertainty over whether and how Chinese President Xi Jinping and his US counterpart Joe Biden will meet at the Apec leaders summit, scheduled for next month in San Francisco.

The two have not spoken in person since November when they held talks on the sidelines of the Group of 20 meetings in Bali, Indonesia.

Biden has dispatched some of his top cabinet officials, including Secretary of State Antony Blinken, to Beijing in recent months to lay the groundwork for a discussion at Apec.

In their meetings, Xu said, Xi has stressed the importance of "mutual respect" in negotiations.

"What President Xi told President Biden many times is the concept of mutual respect, the importance of China feeling respected by the United States. This is the basis, this is the foundation of our bilateral relationship," she said.

Xu also said the US elections next year - including Biden's bid for a second term - would challenge the bilateral relationship.

"Personally I'm not just not quite confident or quite optimistic on how much longer, how big a window of opportunity we are talking about, in stabilising this relationship," she said.

"It is very likely that next year will become very, very nasty in the United States," she added.

"Lots of Republicans or Democrats will want to use China as a scapegoat to score political points."

Xu was probably speaking out of concern that more announcements about sanctions or export restrictions against China would emerge after Apec summit arrangements are finalised, said Dennis Wilder, a senior fellow at the Initiative for US-China Dialogue on Global Issues at Georgetown University.

"It's been very personal for [Xu] if you think about her assignment here, where it's difficult for her embassy to get meetings with the White House and State Department," Wilder said.

"This is very much about efforts to get Xi to Apec, and it reflects concern about how such a meeting will look."

"They don't trust the Americans because of the many measures that we've seen, such as export restrictions and sanctions, and they don't know what's coming next from Washington," he added.

Copyright (c) 2023. South China Morning Post Publishers Ltd. All rights reserved.

Monday, November 20, 2023

 



Guest Opinion. As the largest Indigenous nation in the United States with more than 460,000 citizens, Cherokees can be found all across the globe. Cherokee Nation Businesses has global reach, too, with trading partners and business operations on six continents. At the recent Asia-Pacific Economic Cooperation (APEC) Summit held in California, I spoke about the unique role that Cherokee Nation and other Indigenous peoples play in the global economy.

I was honored to speak at this international gathering with a specific focus on Indigenous communities. At the summit, I was able to meet with world leaders and advocate for improving Indigenous participation in global economic growth. It also provided an opportunity to engage with Indigenous leaders from APEC member countries like Australia, New Zealand and Canada for cultural exchange and learning best practices from one another.

Together, we are dispelling myths, such as the perception that Indigenous communities are stewards of the environment and nothing more. While conservation is crucial and Native peoples have a wealth of knowledge on sustainability, the world must recognize our capacity to advance wealth-building for our citizens, health care access, educational options, expanded connectivity, cultural preservation, and more.

Cherokees have always creatively pursued economic partnerships, from our first trade treaties signed with Europeans in the 1600s to our modern international business operations with an economic impact topping $3 billion. We do all this while maintaining a steadfast commitment to our sovereignty, self-determination, and cultural traditions.

We have great potential to do even more and to invest those profits back into our reservation in northeast Oklahoma. Within the Cherokee Nation Reservation are important free trade zones (FTZs) tied to the Port of Catoosa and Port of Muskogee, where our region exchanges goods with the entire world.

Cherokee Nation Principal Chief Chuck Hoskin, Jr.

However, navigating international trade is made more difficult by uncertainty around what rights are reserved for Indigenous peoples. Native communities, including the Cherokee Nation, have struggled with a legacy of underinvestment and a lack of clarity for how we fit within international legal frameworks. Too often, Indigenous voices are left out of the intricate negotiations of international trade agreements. At the APEC Summit, we made recommendations for more inclusive trade policies that integrate Indigenous perspectives and needs.

The summit was a great opportunity to make progress on these issues. As we continue to strengthen our government-to-government relationship with the United States and call on the federal government to meet its trust and treaty obligations, Cherokee Nation is stepping into a greater role on the international stage.

Inspired by the Cherokee historical journey from simple bartering to modern international commerce, we are lifting up the economic hopes of Indigenous peoples everywhere.

Chuck Hoskin, Jr. is the principal chief of the Cherokee Nation.

(Photo/Courtesy of the Cherokee Nation)