WASHINGTON, USA – Secretary of the Treasury Janet L. Yellen will deliver remarks on the Biden-Harris administration’s economic approach toward the Indo-Pacific. Hosted by the Asia Society Policy Institute, the event will take place at the Mayflower Hotel in Washington, DC at 1:30 pm on Thursday, November 2.
Secretary Yellen remarks come ahead of the Asia-Pacific Economic Cooperation (APEC) finance ministers’ and APEC economic leaders’ meetings in November in San Francisco.
During her remarks, secretary Yellen will reaffirm the United States’ strategic commitment to deepening its economic ties across the Indo-Pacific region, which is at the heart of the 21st-century global economy. Secretary Yellen will emphasize that deeper economic ties strengthen US national security and benefit US communities, while fueling growth across the Indo-Pacific region.
Secretary Yellen will outline strategic priorities shaping the Biden administration’s multilateral and bilateral economic engagements. First, the US is committed to increasing trade and investment in the region while creating a level playing field for American workers and advancing our interests and values. Second, the US is focused on bolstering supply chain resilience, including through friendshoring. Third, economic engagements are critical to addressing global challenges like climate change.
Secretary Yellen will highlight strategic steps that the Biden administration is taking to advance these priorities, including intensifying engagement through multilateral forums and initiatives such as the Quad, the Indo-Pacific Economic Framework (IPEF), and APEC.
Secretary Yellen will also highlight the Biden administration’s efforts to deepen bilateral relationships in the region – both with long-standing allies like Japan and the Republic of Korea, and key partners like India and Vietnam – and to responsibly manage our economic relationship with the People’s Republic of China. Looking ahead, secretary Yellen will emphasize the Biden administration’s intention to continue expanding and deepening engagement across the Indo-Pacific region.