{"id":141344,"date":"2022-05-23T22:11:11","date_gmt":"2022-05-24T05:11:11","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=141344"},"modified":"2022-05-23T22:11:11","modified_gmt":"2022-05-24T05:11:11","slug":"president-biden-at-indo-pacific-economic-framework-for-prosperity-launch-event","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=141344","title":{"rendered":"President Biden at Indo-Pacific Economic Framework For Prosperity Launch Event"},"content":{"rendered":"<p>Tokyo, Japan&#8230;Thank you all for joining today for the launch of the Indo-Pacific Economic Framework for Prosperity.  Prime Minister Kishida, thank you for your leadership and partnership as we prepared for this announcement.<\/p>\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/C3KNDPv7LvY\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>We\u2019re launching today with countries from across the Indo-Pacific \u2014 Australia, Brunei, India \u2014 and, by the way, Mr. Prime Minister, thank you for being here as well \u2014 Prime Minister of India \u2014 the Republic of Korea, Malaysia, and New Zealand, the Philippines, Singapore, Thailand, and Vietnam.<\/p>\n<p>And we\u2019re here today for one simple purpose: The future of the 21st century economy is going to be largely written in the Indo-Pacific \u2014 in our region.<\/p>\n<p>The Indo-Pacific covers half the population of the world and more than 60 percent of the global GDP.  And the nations represented here today, and those who will join this framework in the future, are signing up to work toward an economic vision that will deliver for all peoples \u2014 all our peoples: the vision for an Indo-Pacific that is free and open, connected and prosperous, and secure as well as resilient, where our economic \u2014 where economic growth is sustainable and is inclusive.<\/p>\n<p>We\u2019re writing the new rules for the 21st century economy that are going to help all of our countries\u2019 economies grow faster and fairer.<\/p>\n<p>We\u2019ll do that by taking on some of the most acute challenges that drag down growth and by maximizing the potential of our strongest growth engines.<\/p>\n<p>Let\u2019s start with new rules governing trade in digital goods and services so companies don\u2019t have to hand over the proprietary technology to do business in a country.<\/p>\n<p>Let\u2019s create a first-of-its-kind supply chain commitments to eliminate bottlenecks in critical supply chains and develop early warning systems so we can identify problems before they occur.<\/p>\n<p>And let\u2019s \u2014 let\u2019s pursue other first-of-its-kind commitments to clean energy and decarbonization.<\/p>\n<p>The climate crisis is an existential threat that is costing us trillions in economic damage, but there\u2019s also incredible potential and opportunity to solve problems and create good jobs by transitioning to a clean energy economies.<\/p>\n<p>Let\u2019s choke off the loopholes that get at the corruption that steals our public resources.<br \/>\nIt\u2019s \u2014 it\u2019s estimated that corruption saps between 2 to 5 percent of global GDP.  It exacerbates inequality.  It hollows out a country\u2019s ability to deliver for its citizens.<br \/>\nAnd tax and trade belongs in the same framework, because if companies aren\u2019t paying their fair share, it\u2019s harder for governments to pay for Trade Adjustment Assistance or to fund education or health services, or a range of public investments \u2014 that make it so hard for families, it feels like they can\u2019t raise their children and give them a better life.<\/p>\n<p>That\u2019s ultimately my economic policy and \u2014 and foreign and domestic \u2014 what our foreign and domestic policy is about.  And that\u2019s what this framework is about as well.<\/p>\n<p>So, starting today with 13 economies \u2014 economies that represent diverse sets of perspectives as we work on pursuing our common goals.<\/p>\n<p>That\u2019s critical because a key to our success will be the framework\u2019s emphasis on high standards and inclusivity.  This framework should drive a race to the top among the nations in the Indo-Pacific region.<\/p>\n<p>And I want to be clear that the framework will be open to others who wish to join in the future if they sign up and meet the goals and work to achieve those goals.<\/p>\n<p>I\u2019m glad to have seen so many of you in person this \u2014 the past two weeks.  At the U.S.-ASEAN Summit, I saw many of you in Washington, and during my travels to Asia.  And I\u2019m eager to hear from each of you today.<\/p>\n<p>I thank you for taking the time to be part of this framework launch.<\/p>\n<p>And let me close by saying the United States is deeply invested in the Indo-Pacific.  We\u2019re committed for the long haul, ready to champion our vision for a positive future for the region together with friends and partners, including the nations in this room and on the screen.<\/p>\n<p>    It\u2019s a priority in our agenda, and we\u2019re going to keep working to make progress with all of you every day so that we can deliver real, concrete benefits for all our people.<\/p>\n<p>That\u2019s how I believe we will win the competition of the 21st century together.<\/p>\n<p>So thank all of you again for joining today.  And I\u2019ll invite Prime Minister Kishida to say a few words now.<\/p>\n<p>Mr. Prime Minister.<\/p>\n<p>(Event participants give remarks.)<\/p>\n<p>SECRETARY BLINKEN:  Thank you, Mr. Secretary.  Mr. President, the floor is yours for closing remarks.<\/p>\n<p>PRESIDENT BIDEN:  Well, I\u2019ll be brief.  First of all, let me say thank you for everyone for joining today.  And thank you very much for hosting us, Mr. Prime Minister.<\/p>\n<p>The \u2014 we launched this new framework.  I appreciate hearing from all of you and for your contributions.  And it\u2019s clear there will be a lot of hard work ahead of us to forge consensus on each of the framework pillars.<\/p>\n<p>But in our discussions today, it\u2019s clear that we all recognize the fundamental direction we need to move in.  We share the same goal of ensuring a free and open Indo-Pacific that will deliver greater prosperity and greater opportunity for all of our children.<\/p>\n<p>So let\u2019s all take all the tasks that we have together, work together coming out of this launch, and to speed our progress toward that goal and work rapidly to develop the first commitments.<\/p>\n<p>So thank you again, Prime Minster Kishida, for your strong leadership in this launch and for welcoming us here in Tokyo.<\/p>\n<p>I\u2019m looking forward to continuing to work with all of you and to strengthen the economic cooperation to deliver inclusive growth and shared prosperity.<\/p>\n<p>You\u2019re all probably tired of seeing me all this time \u2014 after all this time, in the last couple of months, but thank you again.  I really appreciate the work you\u2019re all doing.  And we can \u2014 I think we can make some real progress.<\/p>\n<p>Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokyo, Japan&#8230;Thank you all for joining today for the launch of the Indo-Pacific Economic Framework for Prosperity. Prime Minister Kishida, thank you for your leadership and partnership as we prepared for this announcement. We\u2019re launching today with countries from across the Indo-Pacific \u2014 Australia, Brunei, India \u2014 and, by the way, Mr. Prime Minister, thank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":141345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[20,5,1],"tags":[],"class_list":["post-141344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/05\/Fullscreen-capture-5232022-101004-PM.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/141344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=141344"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/141344\/revisions"}],"predecessor-version":[{"id":141346,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/141344\/revisions\/141346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/141345"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=141344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=141344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=141344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}