Posts tagged ‘Barack Obama’

13/11/2014

US, India end impasse that threatened WTO pact – Businessweek

The United States and India said Thursday they reached agreement on stockpiling of food by governments, clearing a major stumbling block to a deal to boost world trade.

India had insisted on its right to subsidize grains under a national policy to feed its many poor, while the U.S. and others in the World Trade Organization were more focused on liberalizing agricultural trade.

The two countries did not announce details of their new deal, which will be reviewed by the WTO’s general council.

Both countries said, however, their agreement should clear the way for immediate implementation of a global deal that’s designed to increase trade by reducing customs red tape.

“We are extremely happy that India and the U.S. have successfully resolved their differences related to the issue of public stockholding for food security purposes,” the Indian Ministry of Commerce and Industry said in a statement.

The WTO has said the Trade Facilitation Agreement could boost global trade by $1 trillion, but the possibility of failure in the negotiations had threatened to render the WTO irrelevant as a forum for negotiations after a decade of inertia in trade talks.

via US, India end impasse that threatened WTO pact – Businessweek.

13/11/2014

China, U.S. agree limits on emissions, but experts see little new | Reuters

China and the United States agreed on Wednesday to new limits on carbon emissions starting in 2025, but the pledge by the world’s two biggest polluters appears to be more politically significant than substantive.

U.S. (L) and Chinese national flags flutter on a light post at the Tiananmen Square ahead of a welcoming ceremony for U.S. President Barack Obama, in Beijing, November 12, 2014. REUTERS/Petar Kujundzic

As China’s President Xi Jinping agreed to a date for peak CO2 emissions for the first time and also promised to raise the share of zero-carbon energy to 20 percent of the country’s total, President Barack Obama said the United States would cut its own emissions by more than a quarter by 2025.

via China, U.S. agree limits on emissions, but experts see little new | Reuters.

13/11/2014

China offers ASEAN friendship treaty as South China Sea tension bubbles | Reuters

China’s Prime Minister Li Keqiang proposed a “friendship” treaty with Southeast Asian countries on Thursday but reiterated that territorial disputes in the South China Sea should be settled directly between the countries involved.

(L-R) Australian Prime Minister Tony Abbott, Cambodian Prime Minister Hun Sen, Indian Prime Minister Narendra Modi, Brunei's Sultan Hassanal Bolkiah, China's Premier Li Keqiang, Myanmar's President Thein Sein, U.S. President Barack Obama, Malaysia's Prime Minister Najib Razak and Russia's Prime Minister Dmitry Medvedev pose for a photo before the East Asia Summit (EAS) plenary session during the ASEAN Summit in Naypyitaw November 13, 2014. REUTERS/Soe Zeya Tun

China, Taiwan and four Association of Southeast Asian Nations (ASEAN) have competing claims in the sea where concern is growing of an escalation in disputes even as the claimants work to establish agreements to resolve them.

“China … stands ready to become the first dialogue partner to sign with ASEAN a treaty of friendship and cooperation,” Li told leaders at a summit of East Asian countries in Myanmar.

The treaty is seen as an attempt by Beijing to dispel any notion it is a threat.

Li added China was willing to sign legal documents with more countries in the region on good-neighborliness and friendship.

Still, the Chinese premier reiterated Beijing’s resolve to safeguard its territorial sovereignty and its position that disputes concerning the South China Sea should be settled directly rather than collectively or through arbitration.

The competing maritime claims have formed an undercurrent of tension at the East Asian and ASEAN summits in Myanmar this week.

The Philippines, one of the ASEAN claimants, has previously irked Beijing by seeking international arbitration over China’s claims to about 90 percent of the South China Sea.

Diplomatic sources from the Philippines reacted coolly to China’s treaty proposal, saying that it lacked substance and was similar to a 2012 proposal made by Manila and ignored by Beijing.

Li will meet the heads of ASEAN countries behind closed doors later on Thursday, with Southeast Asian leaders hoping to persuade their giant neighbor to take a less bellicose approach to overlapping claims in the South China Sea.

The Philippines and Vietnam have sought closer U.S. ties to counter what they see as China’s aggression in the region.

via China offers ASEAN friendship treaty as South China Sea tension bubbles | Reuters.

07/11/2014

Foreign policy: Showing off to the world | The Economist

THE factories have closed down for a few days, and millions of cars have been ordered off the roads. Clear blue skies appearing over a usually smog-choked Beijing always mean one thing: a big event is about to get under way.

From November 10th President Xi Jinping will welcome world leaders to this year’s Asia-Pacific Economic Co-operation (APEC) summit. Not since the Olympics in 2008 have so many leaders gathered in the capital, and they will include the heads of the United States, Russia and Japan. It is a defining moment for Mr Xi’s foreign policy. Having established himself at home as China’s most powerful leader since Deng Xiaoping, he now seems to want to demand a bigger, more dominant and more respected role for China than his predecessors, Deng included, ever dared ask for.

Respect begins by putting on a good face to guests. Chinese bullying over disputed maritime claims has done much to raise tensions in the region. But now Mr Xi appears to be lowering them. In particular, China’s relations with Japan have been abysmal. The government has treated Japan’s prime minister, Shinzo Abe, with both venom and pettiness, implying he is a closet militarist. The relationship had sunk to such a low that it will count as notable progress if Mr Xi shakes Mr Abe’s hand—even if he does little more—at the summit.

On November 11th and 12th, Mr Xi will host a state visit in Beijing for Barack Obama. It is the second summit with the American president, following one at Sunnylands in California in 2013. It will be a good show, with a scenic walk and all that. But the substance appears less clear. At the time of Sunnylands, there was much Chinese talk of a “new type of great-power relationship” with America. Yet since it implies a diminished role for America, at least in Asia, Mr Obama does not seem inclined to go along. The two men appear likely to co-operate in a few areas, including climate change, trade and investment. They will agree to a bit more communication over respective military movements in and over the seas near China. But hopes that cordiality at Sunnylands might lead the relationship to blossom may come to little.

In truth, Mr Xi does not have much respect left for Mr Obama; the Chinese dismiss him as weak-willed in foreign policy. And so much of Mr Xi’s ambition lies elsewhere. Above all, the dream is to return China to its rightful place in a world in which, according to Bonnie Glaser of the Centre for Strategic and International Studies, a Washington think-tank, “China will be at the centre, and every other nation will have to consider China’s interests.”

This attitude is most familiar to China’s neighbours in the South China Sea and East China Sea. China has upset the Philippines by grabbing a disputed reef; Vietnam, by moving an oil rig into contested waters; Japan, by challenging its control over uninhabited islets; and even South Korea which, though on good terms, was concerned along with others when China declared an “Air Defence Identification Zone” over the East China Sea, demanding that planes inform it when entering it.

Yet Mr Xi has also courted friends under the catchphrase of “peaceful development”. He has pushed multilateral initiatives, including a new Asian Infrastructure Investment Bank, which many of China’s neighbours, including India, have signed up to. A New Development Bank has also been set up with fellow “BRICs”—Brazil, Russia, India and South Africa.

One of Mr Xi’s playmates is President Vladimir Putin. China and Russia have a history of mutual distrust, but Mr Xi’s first trip abroad as president, in March 2013, was to Moscow. Since then the two countries have struck a long-stalled gas deal and, according to Kommersant, a Russian newspaper, a pact on cyber-security. China backs Russia’s pro-Syrian stand in the UN Security Council and has refused to condemn Russia’s territorial incursions in Crimea and eastern Ukraine—though it loves to preach non-interference.

A strong thread that binds the two countries is American dominance in international affairs. “No country”, said Mr Xi at a security summit earlier this year to which Mr Putin was invited, “should attempt to dominate regional security affairs or infringe upon the legitimate rights…of other countries.” Mr Xi did not name America, but a month earlier Mr Obama had in Tokyo emphasised that America’s security pact with Japan extended to the Japan-controlled Senkaku islands, which China claims and calls the Diaoyu.

Is Mr Xi’s foreign policy succeeding? Only in parts. China’s maritime assertiveness has pushed some neighbours closer to Japan and America. But for long China will remain Asian nations’ biggest trading partner. It is busy pursuing regional and bilateral trade agreements while an American-led trade initiative, the Trans-Pacific Partnership, is bogged down. At APEC Mr Xi will seek to build on those economic relationships. And, given China’s heft, by and large he will succeed.

via Foreign policy: Showing off to the world | The Economist.

30/09/2014

Obama-Modi Meeting Offers Chance to Reset U.S.-India Ties – Businessweek

President Barack Obama and Indian Prime Minister Narendra Modi’s meetings in Washington give the two leaders to chance to reinvigorate an economic relationship that both see crucial to growth and security.

Indian Prime Minister Narendra Modi

The two days of talks, which began with a private dinner for Modi at the White House last night, are pivotal, U.S. officials said ahead of the summit. In addition to Obama’s sessions with Modi, Vice President Joe Biden and Secretary of State John Kerry will host today a luncheon for the Indian leader.

This is the first time Obama and Modi have met, and it also is Modi’s first visit to the U.S. since he was denied a visa in 2005 over anti-Muslim riots in his state of Gujarat three years earlier. Modi won a landslide election win in May, and the U.S. is seeking to repair relations while India is wooing foreign investors to revive its economy.

“The U.S. is eagerly trying to move forward with Modi in order to put the past behind them,” Milan Vaishnav, an associate in the South Asia program at the Carnegie Endowment for International Peace in Washington, said in a phone interview. “The two sides have a foundation in terms of a bilateral government-to-government relationship and a people-to-people relationship to build on. In terms of a leader-to-leader relationship, this is almost like starting anew.”

via Obama-Modi Meeting Offers Chance to Reset U.S.-India Ties – Businessweek.

17/09/2014

Africa’s Ebola Should Be China’s Problem – Bloomberg View

China may be Africa‘s biggest trading partner and one of its biggest investors, but you wouldn’t know that from the size of its contribution toward fighting West Africa’s Ebola outbreak.

China: big on investing, not so much on humanitarianism. Photographer: Dominique Faget/AFP/Getty ImagesIn fact, the contrast between its assistance and that of the U.S. is instructive: Today, President Barack Obama announced that the U.S. would raise the total of U.S. personnel now in Africa dealing with Ebola to 3,000; the U.S. has committed more than $175 million in aid. With much fanfare, China has said it will increase the number of its medical personnel in Sierra Leone to 174 and raise its total amount of assistance to roughly $37 million.

I know, I know: Relative to the U.S., China remains a poor country, and its growing willingness to extend humanitarian assistance outside its borders is a good thing. But consider this: China has close to 20,000 citizens working and living in Guinea, Liberia and Sierra Leone. Setting aside U.S. money flowing into Liberia’s lucrative shipping registry, China’s investment in those three countries dwarfs that of the U.S. (In fact, China’s trading relationship with Africa overall is twice that of the U.S.) It recently signed deals for iron ore mining in the region that collectively run into the billions of dollars.

via Africa’s Ebola Should Be China’s Problem – Bloomberg View.

30/07/2014

US official vows to expand India trade, investment – Businessweek

The U.S. secretary of commerce has pledged to help expand investment in India’s infrastructure and to promote trade.

Penny Pritzker spoke Wednesday to business leaders in the Indian financial capital, Mumbai.

She said two-way trade has lagged in recent years but has still expanded by fivefold to $96 billion a year since 2000.

via US official vows to expand India trade, investment – Businessweek.

08/07/2014

China to prepare for aging society – China – Chinadaily.com.cn

Ten ministerial-level departments, including the ministries of civil affairs and education, on Monday jointly released a circular calling for the country to prepare for the coming aging society.

Old Couple

Old Couple (Photo credit: AdamCohn)

The circular stressed the importance of building an elder-friendly society as the percentage of the senior population is rising quickly.

China’s aging citizens reached 200 million at the end of 2013 and will account for more than 30 percent of the country’s total population by 2042, according to the circular.

Government agencies and non-governmental organizations (NGOs) should carry out more voluntary services for the elderly and encourage the young generation to be more aware of seniors’ needs and concerns.

The circular also called for accelerating development of industries serving the demands and convenience of the elderly, such as nursing homes and adult education classes, the circular said.

Elderly citizens should not be regarded as burdens but valuable human resources for the sustainable growth of the economy, according to the circular.

The public sector will encourage the elderly to participate in various social activities, such as teaching in schools or helping with scientific research, in order to give them a sense of satisfaction while also promoting social harmony and the economy.

The circular also emphasized establishment of a national elderly care system, strengthening social security for the elderly and improving laws that protect the rights and interests of senior citizens.

via China to prepare for aging society – China – Chinadaily.com.cn.

06/06/2014

Timeline: Indian Prime Minister Visits to the U.S. – India Real Time – WSJ

Indian Prime Minister Narendra Modi, who took office just last month, has accepted an invitation from President Barack Obama to visit Washington D.C. in September.

If the visit happens as scheduled, he will be the latest leader of the world’s largest democracy to visit the world’s second largest democracy.

The relationship goes both ways. U.S. Presidents going back to Dwight D. Eisenhower have made visits to India. Click here to see the list of U.S. presidents who have made the trek to South Asia.

While most Indian Prime Ministers had official visits to the United States, six Indian premiers–including Lal Bahadur Shastri and H.D. Deve Gowda–did not visit the states while they were in office.

Here is a list of some of the trips made by prime ministers according to the U.S. Department of State.

Jawaharlal Nehru: The first prime minister of independent India went to the U.S. in 1949 and then in 1956 at which time he visited Washington D.C. and Pennsylvania.

Indira Gandhi:  Ms. Gandhi visited the U.S. three times during her years in office. Her first visit was in 1966 when Lyndon B. Johnson was the president. Her second visit came in 1971 and her final visit was in 1982.

Indira Gandhi, left, stood next to Richard Nixon during an official ceremony during her visit to the U.S. in November 1971. Agence France-Presse/Getty Images

Morarji Desai: Mr. Desai went to the U.S. in 1978 visiting New York, San Francisco and Omaha.

Morarji Desai. Keystone/Hulton Archive/Getty Images

Rajiv Gandhi: Mr. Gandhi visited the U.S. two times in 1985 and once in 1987. He was assassinated two months after his 1987 visit.

Rajiv Gandhi addressed a crowd during election campaign rally at Faizabad in Uttar Pradesh. Agence France-Presse/Getty Images

P.V. Narasimha Rao: Mr. Rao–who is credited for starting to open India’s economy– visited the U.S. twice during his four years in office. He met President George H.W. Bush during a U.N. Security Council Summit in New York in 1992.  He visited again two years later to address a joint meeting of the U.S. Congress.

P.V. Narasimha Rao, left, with Hillary Clinton. Douglas E. Curra/Agence France-Presse/Getty Images

Inder Kumar Gujral:  Though Mr. Gujral served as India’s prime minister for less than a year, he found time to visit New York where he met President Bill Clinton at the U.N. General Assembly in 1997.

Inder Kumar Gujral. Sena Vidanagama/Agence France-Presse/Getty Images

Atal Bihari Vajpayee: Mr. Vajpayee—the last prime minister from Mr. Modi’s Bharatiya Janata party–visited the U.S. four times during his five years in office, twice in 2001 and once each in 2002 and 2003.

Atal Bihari Vajpayee, right, posed for photographs with George W. Bush in New York, Sept. 24, 2003. Luke Frazza/Agence France-Presse/Getty Images

Manmohan Singh: Mr. Singh was the prime minister for close to ten years until last month. He visited the U.S. on no less than seven occasions.

via Timeline: Indian Prime Minister Visits to the U.S. – India Real Time – WSJ.

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26/03/2014

China says supports international financial aid for Ukraine | Reuters

Ukrainian Finance Minister Oleksander Shlapak says he is negotiating with the International Monetary Fund for a loan package of $15 billion to $20 billion because the economy had been severely weakened by months of political turmoil and mismanagement.

Civilians entering Ukraine (L) have their passports checked as Ukrainian border guards (R) stand at a Russian-Ukrainian border crossing near the village of Uspenka, in eastern Ukraine March 25, 2014. REUTERS/Yannis Behrakis

U.S. President Barack Obama has also urged the IMF to reach agreement swiftly on a financial support package for Kiev, which would unlock additional aid from the European Union and Washington.

Asked about aid for Ukraine, China, whose President Xi Jinping discussed Ukraine with Obama on Monday, said that the government “upholds the maintaining of Ukraine’s financial stability”.

“International financial organizations ought to get down to dealing with this, to ensure Ukraine’s financial and economic stability,” foreign ministry spokesman Hong Lei told a daily news briefing.

He did not elaborate, instead repeating that China had proposed setting up an international coordination mechanism to look for a political solution to the crisis over Russia’s annexation of Ukraine’s Crimea peninsula.

China, he said, hoped all parties in the international community would take no actions to worsen the situation.

China has adopted a cautious, low-key response to the crisis, not wanting either to alienate key ally Russia or comment directly on the referendum in which Crimea voted overwhelmingly to join Russia, lest it set a precedent for its own restive regions, like Tibet.

via China says supports international financial aid for Ukraine | Reuters.

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