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US: ASEAN Summit Begins In Washington Today

ASIA

US President Joe Biden will host the two-day US-ASEAN summit in Washington today and tomorrow.

  • 11:30 ET 17:30 BST: House Speaker Nancy Pelosi (D-CA) will open the event by welcoming leaders at the US Capitol.
  • 14:00 ET 19:00 BST: ASEAN leaders will meet with US business leaders 'to discuss economic cooperation' with Commerce Secretary Gina Raimondo and US principle trade Ambassador Katherine Tai. Biden will then meet with leaders for a family photo and dinner this evening.
  • Full agenda: https://www.state.gov/agenda-us-asean-summit/
  • The summit is expected to focus heavily on the war in Ukraine. The White House will encourage leaders to join the US led sanctions on Russia despite strong ties to Russia amongst many of the participating countries.
  • Nikkei Asia: 'ASEAN's reactions to the war have been mixed. Myanmar's military rulers have vocally supported the invasion. Indonesia, Brunei and the Philippines criticized the attack on Ukraine without naming Russia as the aggressor. An outlier is Singapore, which imposed its own economic sanctions on Russia.'
  • Trade relations and regional security will also be on the agenda. Few groundbreaking outcomes are likely but the summit is a sign that the US is making efforts to deepen trade relations and upgrade its relationship with ASEAN to pace with China's 'comprehensive strategic partnerships' signed with the bloc last year.
  • Outgoing Philippines President Rodrigo Duterte has declined to attend the summit. Myanmar military leader Senior Gen. Min Aung Hlaing was not invited.
Energy BulletsCommoditiesUSPolitical Market News
Energy BulletsCommoditiesUSPolitical Market News

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