U.S. Chamber Asia Department Weekly Update, Oct 30 – Nov 6, 2011

U.S. Chamber of Commerce

 ASIA DEPARTMENT WEEKLY UPDATE
October 31- November 6, 2011

 

UPCOMING EVENTS

 

Thursday, November 10-Sunday November 13: The U.S. Chamber will participate in the upcoming APEC meeting in Hawaii.  The U.S. Chamber, in association with National Center for APEC and other organizations, is taking the lead in organizing a number of bilateral meetings on behalf of the U.S. APEC Business Coalition with heads of state and government leaders.  For additional information, please contact Catherine Mellor at [email protected].

November 15-16, 2011: The U.S. Chamber of Commerce will next week host the second meeting of the annual U.S.-China CEO Dialogue with the China Center for International Economic Exchanges, which is chaired by former Chinese Vice Premier Zeng Peiyan.  The event is by invitation only and will include top U.S. and Chinese CEOs and a handful of former cabinet-level officials on both sides.  For additional information, please contact Jeremie Waterman at [email protected].

PAST WEEK IN REVIEW

Thursday, November 3, 4:00-5:00 p.m.: The U.S. Chamber, and Coalition of Service Industries and the US- China Business Council co-hosted a debriefing with Claire Reade, Assistant US Trade Representative for China and Craig Allen, Deputy Assistant Secretary of Commerce. Reade and Allen discussed the latest developments and planning for the upcoming meeting of the JCCT. For more information, please contact

[email protected].

CHAMBER IN THE NEWS

Heads of state and captains of industry will gather for 3 days of trade discussions
Star Advertiser, October 6. This year’s APEC summit is expected to build on the momentum from the US Congress’ recent passage of trade agreements with South Korea, Colombia and Panama. ‘Now is the time to think big; it’s time to be bold,’ Thomas Donohue, president and CEO of the
US Chamber of Commerce
, said recently. ‘It’s time to commit to an aggressive new trade and investment agenda. It’s not time to rest on our laurels.’

ASIA IN THE NEWS

Reformist Japan farmers urge free trade to spur change
Reuters, October 27. Like other farmers on this fertile, coastal plain in northeast Japan, where patchwork rice fields stretch to the mountains beyond, Kazushi Saito knows firsthand that the nation’s shrinking agricultural sector is in dire straits.

Minister eyes Trans-Pacific Partnership trade bloc
Taipei Times, October 28. Progress made in enhancing Taiwan’s bilateral ties with Singapore and New Zealand in the form of economic cooperation agreements would help the country secure a seat in the emerging Trans-Pacific Partnership (TPP) trade bloc, Minister of Foreign Affairs Timothy Yang (楊進添) said yesterday.

Olympus investor threatens shareholder suit over M&A deals
Reuters, November 2.
A Japanese investor in scandal-hit Olympus Corp has threatened to file a shareholder suit against managers responsible for controversial M&A deals, demanding they pay 139.4 billion yen ($1.78 billion) to the company, one of his lawyers said.

In a world of cybertheft, U.S. names China, Russia as main culprits
The Washington Post, November 3.
Online industrial spying presents a growing threat to the U.S. economy and national security, American intelligence agencies warned Thursday in a report to Congress that publicly accused China and Russia of responsibility for cyber-espionage.

Pakistan ties with U.S., India improving: Minister.
Reuters, November 5:
Pakistan’s most troubled foreign relationships have improved in recent months, its top diplomat said on Saturday, pointing to upcoming trade talks with New Delhi and broad agreement on regional security goals with Washington as evidence.

China to become world’s top farm products importer: researcher
Reuters, November 6. China will become the world’s largest importer of agriculture products in 5 to 10 years as the country faces from shrinking farmland and other constraints on production, a top government think-tank researcher was cited by local media as saying
China says U.S. APEC goals too ambitious

Reuters, November 7. U.S. goals of establishing regional free trade and an environmental policy at the APEC summit are useful but too ambitious for some developing nations, China said on Monday, days before President Hu Jintao heads to Hawaii for the meeting.

Budget battles to shadow Obama on Asia-Pacific tour
The Chicago Tribune, November 7. President Barack Obama’s efforts next week to persuade Asia-Pacific leaders of his commitment to the region may be undercut by distractions in Washington, where budget fights may come to a head while he is away.

Noda May Take on Trade Opponents in Pushing Talks With U.S.
Bloomberg, November 7. Japan’s Prime Minister Yoshihiko Noda risks sparking the deepest split in his party since taking office two months ago as he determines whether to join trade talks with the U.S., his country’s No. 2 export destination.

Google to support Korean software globalization
The Korea Herald, November 7.
Google chairman Eric Schmidt pledged to support the globalization process of local software and content beginning next year in a meeting with President Lee Myung-bak on Monday.

China not invited to Trans-Pacific Partnership
Market Watch, November 7. China hasn’t been invited to join the Trans-Pacific Partnership, or TPP, Yu Jianhua, assistant minister of commerce, said at a press briefing Monday on the eve of the APEC Hawaii Summit.

Chinese president to meet Obama at APEC summit
XinHua, October 7. Chinese President Hu Jintao will meet with his U.S. counterpart, Barack Obama, at the 19th Asia-Pacific Economic Cooperation (APEC) Informal Leadership Meeting, said China’s Assistant Foreign Minister, Wu Hailong, on Monday.

PM to address Apec, Asean summits
The Bagkok Post, November 7.
 Prime Minister Yingluck will explain the flood situation to the international community at the Asia-Pacific Economic Cooperation (Apec) and the Asean summit meetings, government spokeswoman Thitima Chaisaeng said on Monday.

   

For additional information, please contact [email protected] or [email protected].


U.S. Chamber of Commerce U.S. Chamber of Commerce | 1615 H Street, NW | Washington, DC 20062-2000
www.uschamber.com | www.chamberpost.com