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VP Harris Pledges ASEAN Maritime Investment Ahead Of Working Lunch

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Political RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign ExchangePolitical Market News

US Vice President Kamala Harris is currently conducting a working lunch with ASEAN leaders on 'maritime cooperation.'

  • In opening remarks before the lunch, Harris says that the US will support ASEAN in maintaining the 'rules-based order' and 'ensuring freedom of navigation' - Biden administration parlance for combatting the military rise of China in the region.
  • Her remarks can be viewed here: https://www.youtube.com/watch?v=4C_DVvALlRM
  • Kamala Harris says US will spend US$60m on the region which will include a US Coast Guard cutter to be deployed 'as a training platform.'
  • Harris says the US will lead 'multilateral training missions' in the region to develop maritime capacity.
  • A Senior Biden Administration Official said on the summit: 'This reflects...a recognition on the part of the [Biden-Harris] admin. — that we need to step up our game in Southeast Asia and that...we need to work more closely with ASEAN.'
  • Full WH press briefing 'previewing initiatives' of the summit.: https://www.whitehouse.gov/briefing-room/press-bri...
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US Vice President Kamala Harris is currently conducting a working lunch with ASEAN leaders on 'maritime cooperation.'

  • In opening remarks before the lunch, Harris says that the US will support ASEAN in maintaining the 'rules-based order' and 'ensuring freedom of navigation' - Biden administration parlance for combatting the military rise of China in the region.
  • Her remarks can be viewed here: https://www.youtube.com/watch?v=4C_DVvALlRM
  • Kamala Harris says US will spend US$60m on the region which will include a US Coast Guard cutter to be deployed 'as a training platform.'
  • Harris says the US will lead 'multilateral training missions' in the region to develop maritime capacity.
  • A Senior Biden Administration Official said on the summit: 'This reflects...a recognition on the part of the [Biden-Harris] admin. — that we need to step up our game in Southeast Asia and that...we need to work more closely with ASEAN.'
  • Full WH press briefing 'previewing initiatives' of the summit.: https://www.whitehouse.gov/briefing-room/press-bri...