Money

Biden to host leaders of Australia, Japan, India Sept. 24 – White House



© Reuters. FILE PHOTO: U.S. President Joe Biden and Vice President Kamala Harris, not pictured, participate in a virtual meeting with Asia-Pacific nation leaders at the White House in Washington, U.S., March 12, 2021. REUTERS/Tom Brenner

By David Brunnstrom

WASHINGTON (Reuters) – U.S. President Joe Biden will host a first in-person summit of leaders of the “Quad” countries – Australia, India, Japan and the United States – next week, the White House said on Monday.

The summit of the four leaders will be held at the White House on Sept. 24, White House press secretary Jen Psaki said in a statement. The prime ministers of Australia, India and Japan – Scott Morrison, Narendra Modi and Yoshihide Suga – are expected in the United States next week to attend the United Nations General Assembly in New York.

A virtual meeting of leaders of the Quad countries, which have been seeking to enhance cooperation in the face of China’s growing power and assertiveness, was held in March. In that meeting, the leaders pledged to work closely on COVID-19 vaccines and climate and to ensure a free and open Indo-Pacific in the face of challenges from Beijing.

“Hosting the leaders of the Quad demonstrates the Biden-Harris Administration’s priority of engaging in the Indo-Pacific, including through new multilateral configurations to meet the challenges of the 21st century,” Psaki said in the statement.

Biden’s Indo-Pacific coordinator, Kurt Campbell, said in July the long-planned in-person meeting should bring “decisive” commitments on vaccine diplomacy and infrastructure. [L2N2ND2WV]

Biden, who is pushing big infrastructure spending at home, said in March he had suggested to British Prime Minister Boris Johnson that democratic countries should have an infrastructure plan to rival China’s massive Belt and Road Initiative, which involves projects from East Asia to Europe.

Psaki said the Quad Leaders would “be focused on deepening our ties and advancing practical cooperation on areas such as combating COVID-19, addressing the climate crisis, partnering on emerging technologies and cyberspace, and promoting a free and open Indo-Pacific.”

A senior U.S. official said infrastructure would be among a range of topics discussed at the in-person summit.

The vaccines initiative from the first summit stalled after India, the world’s largest vaccine producer, was hit by a catastrophic wave of infections and halted vaccine exports.

At the March summit, the four leaders agreed Indian drugmaker Biological E Ltd would produce at least a billion coronavirus vaccine doses by the end of 2022, mainly for Southeast Asian and Pacific countries.

Japan’s Kyodo News reported last week that Suga would visit Washington this month for the Quad meeting even though his term as leader of the ruling Liberal Democratic Party – and by default as Japan’s prime minister – ends on Sept. 30.

Suga became the first leader to hold a face-to-face WhiteHouse summit with Biden in April, underscoring Japan’s centralrole in U.S. efforts to face down China.

The Quad meeting will come after Biden’s image has taken a battering over the chaotic U.S. withdrawal from Afghanistan. U.S. officials have said ending America’s longest war will allow the administration to divert resources and attention to tackling China-related issues.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.