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#Brunei investment
royal-confessions · 2 months
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“The Brunei royal family should really be thinking and investing about the future. The oil's not gonna last forever, and if it does, they will have a very difficult choice…” - Submitted by Anonymous
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southeastasianists · 14 days
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In 2023, a significant demographic milestone emerged with broad social and economic impacts: the global population of adults aged 50 surpassed the number of children under 15 for the first time. Brunei Darussalam, a small, oil-rich Islamic country on the island of Borneo in Southeast Asia, faces challenges associated with this shift. Ranked as one of the world’s wealthiest nations due to its vast oil and gas reserves, Brunei’s population of 455,858 sees a contrast with a poverty rate of 5%, positioning it 11th out of 78 countries.
Hajah Nor Ashikin binti Haji Johari, Permanent Secretary at the Ministry of Culture, Youth and Sports (MCYS), highlighted the profound economic impact of the aging global population, noting the substantial expenditures on health care, research and support services. Furthermore, Hajah pointed out the rapid growth of the aging population and its broad implications. During Brunei’s chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2021, Johari emphasized Brunei’s leadership in endorsing the ASEAN Comprehensive Framework on Care Economy.
Additionally, in 2017, an action plan spanning five years was adopted to enhance elderly development, welfare and protection, aiming to create a senior-friendly support system and reduce elderly poverty in Brunei. Unfortunately, an aging demographic compounded by an ominous surge in noncommunicable diseases (NCDs) such as heart disease, cancer, chronic respiratory disease and diabetes challenges Brunei’s socio-economic development.
Addressing Poverty and Social Protection in Brunei
Bruneians who live in poverty prefer to use the phrasings “living in need” and “difficult life” over “poverty” and “poor.” This exchange of phrasings intends to protect an individual’s self-confidence and self-esteem. Yet this preference challenges officials’ attempts to accurately assess the severity of poverty and implement targeted interventions.
However, Brunei’s social protection schemes encounter challenges. These challenges include limited coverage, differential treatment between public and private sectors, exclusion of unemployed individuals and inadequate support for vulnerable groups such as divorcees, widows/widowers, single parents, orphans, the abused and disabled people.
The Dual Impact of an Ageing Society
Across developing countries, evidence showcases the productivity, creativity, vitality and participation of older adults in workplaces, communities, households and families. According to ageInternational, some of the pros of an aging society include:
Consumer Market: Older adults can create new opportunities in the consumer market with higher disposable incomes and specific needs that can drive economic growth.
Accumulated Knowledge: An aging population can possess a wealth of knowledge and experience, beneficial for education and mentorship.
Stable Workforce: Older individuals provide greater stability in employment as they switch jobs less frequently.
In addition, the aging population significantly impacts the labor market. The dependency ratio, which compares the number of economically inactive individuals to those who are economically active, is set to increase. According to the International Labour Organization, some of the cons of an aging society include:
Labor Shortages: Addressing the need to create jobs for young individuals and encourage lifelong learning for older individuals to acquire new skills.
Pension and Retirement Challenges: Ensuring adequate pensions and financial support for retirees.
Limited Social Support Systems: Establishing social support systems, including affordable housing and accessible transportation, to enhance the quality of life.
Health care Costs: Investing in health care infrastructure to meet the growing needs of an aging population and prioritizing preventive health care measures.
Brunei at a Demographic Crossroads
As Brunei Darussalam navigates through its complex demographic and health landscape, proactive and holistic measures become imperative for securing the future prosperity of its people. Moreover, by addressing the multifaceted challenges head-on, Brunei is poised to set a precedent for demographic resilience and health sustainability.
Above all, the nation’s commitment to comprehensive solutions promises not only to enhance the well-being of its aging population and reduce elderly poverty in Brunei but also to pave the way for long-term national growth. At this pivotal juncture, Brunei’s journey offers valuable insights into the power of foresight and action in shaping a thriving society.
– Pamela Fenton
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pceyingheexpo · 2 months
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Visa-free! 🎉Entry policy relaxed!🎉 Visa waiver added!🤝 Relax visa requirements for foreigners!😆
🐼Relaxing visa conditions for foreigners, More convenient for overseas visitors✈️ To visit exhibitions in China for business cooperation💼🥂 ! ! !
In 2023, the transit policy and visa process will be optimized, international flights will resume and increase at a faster pace, and multiple entry favorable policies will further facilitate international business exchanges. China's door to the world will open wider and wider!🐼💖🤗
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Shanghai port issued a new visa-free transit reminder📣 The National Immigration Bureau issued a new visa-free transit policy in November, 23📣
At present, the 72/144-hour visa-free transit policy is implemented at 31 ports in 23 cities in 18 provinces for people from 54 countries. Namely Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Monaco, Russia, United Kingdom, Ireland, Cyprus, Bulgaria, Romania, Ukraine, Serbia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, Albania, Belarus, Norway, the United States, Canada, Brazil, Mexico, Argentina, Chile, Australia, New Zealand, South Korea, Japan, Singapore, Brunei, the United Arab Emirates, Qatar and other countries, totaling 54 countries with valid international travel documents and confirmed dates and seats within a limited time. Persons from 54 countries who transit from China to a third country (region), with valid international travel documents, and connecting passenger tickets with fixed dates and seats within a limited time, may apply for transit visa exemption to the port entry inspection authorities of the cities that implement the transit visa exemption policy, and the exit border inspection authorities will handle the temporary entry formalities for them. The duration of visa-free stay starts from 00:00 on the next day of entry.
❤️[Please see the table at the bottom for details of Shanghai ports]👇👇
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📢New news on visa-free policy released in November 📢China’s new visa-free policy promotes high-level opening-up
On November 24, 2023, the Chinese Ministry of Foreign Affairs announced that China has decided to try to expand the scope of unilateral visa-free countries and implement a unilateral visa-free policy for ordinary passport holders from six countries: France, Germany, Italy, the Netherlands, Spain, and Malaysia. From December 1, 2023 to November 30, 2024, ordinary passport holders from the above countries who come to China for business, tourism, visiting relatives and friends, and transit for no more than 15 days can enter China without a visa.
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New news on convenient foreign personnel coming to China released in January📣 The National Immigration Administration has officially implemented five measures to facilitate foreign nationals to come to China📣
Another good news has come recently. Starting from January 11, the National Immigration Administration has officially implemented five measures to facilitate foreigners coming to China, which mainly include:
Relax the conditions for foreigners coming to China to apply for port visas. For foreigners who urgently need to come to China to engage in non-diplomatic and official activities such as business cooperation, visits and exchanges, investment and entrepreneurship, visiting relatives, and handling private affairs, and who do not have time to apply for a visa abroad, they can apply for a port visa entry to the port visa authority with relevant proof materials such as invitation letters.
For foreigners, 24-hour direct transit passengers at nine international airports including Shanghai Pudong, Beijing Capital, Beijing Daxing, Hangzhou Xiaoshan, Xiamen Gaoqi, Guangzhou Baiyun, Shenzhen Bao'an, Chengdu Tianfu, and Xi'an Xianyang are exempted from border inspection procedures.
Foreigners in China can apply for visa extension, replacement and reissue at their nearest location.
Foreigners in China who need to enter and exit multiple times can apply for a re-entry visa.
Simplify the application materials for visa documents for foreigners in China.
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📢Starting from February 9, China and Singapore will exempt each other from visas
On January 25, representatives from the government of the People's Republic of China and the government of the Republic of Singapore signed the 'Agreement between the Government of the People's Republic of China and the Government of the Republic of Singapore on Mutual Visa Exemption for Ordinary Passport Holders' in Beijing. The agreement will officially enter into force on February 9, 2024 (Lunar New Year’s Eve). By then, people from both sides holding ordinary passports can enter the other country without a visa to engage in tourism, family visits, business and other private affairs, and their stay shall not exceed 30 days. If you enter the other country to engage in activities that require prior approval, such as work or news reporting, or plan to stay in the other country for more than 30 days, you must obtain the corresponding visa before entering the other country.
As of January 25, China has concluded mutual visa exemption agreements covering different passport types with 157 countries, and has reached agreements or arrangements with 44 countries to simplify visa procedures. Comprehensive mutual visa exemption has been achieved with 22 countries including Singapore, Maldives and Kazakhstan. In addition, more than 60 countries and regions offer visa-free or visa-on-arrival convenience to Chinese citizens. The convenience for Chinese citizens to leave the country has been greatly improved, and the 'gold content' of Chinese passports will become increasingly valuable. (Source: CCTV News)
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Starting from March 1, China and Thailand will exempt each other from visas📣
On January 28, the government of the People's Republic of China and the Royal Government of Thailand held a signing ceremony in Bangkok for an agreement on mutual visa exemption for ordinary passport holders. The agreement will take effect from March 1, 2024.
After the news was released, data from a travel platform showed that the search popularity of Thailand-related keywords on the platform increased by more than 7 times compared with the previous day. Among them, air tickets and hotels increased by more than 6 times compared with the previous day. (Source: CCTV News)
In addition, recently, China has stated that it will grant unilateral visa-free treatment to Sweden and Ireland. This is the second time that China has granted visa-free treatment to European countries after France, Germany, the Netherlands, Spain, and Italy.
#visa #China #chinesevisa #visafree #entrypolicy #visawaiver #businessinchina #transitpolicy #internationalflights #internationalbusinessexchanges #business #Shanghaiport #transitvisaexemption #tourism #visitrelatives #visitfriends
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As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States. 
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And as we continue to detail, much of the new world order will no longer tolerate the United States geopolitical and economic hegemony. In this section we further detail the coming death of the U.S. dollar.
India Shifts Away From Dollar, Promotes Rupee as a Global Currency
ASEAN Nations Prepare to Shift Trade Payments to Local Currencies
Brazil and China Abandon the Dollar, Will Trade in Own Currencies
Russia Ties Itself Tighter to China’s Renminbi Currency
INDIA SHIFTS AWAY FROM DOLLAR, PROMOTES RUPEE AS A GLOBAL CURRENCY
On 1 April, India’s government implemented a new trade policy designed to spur its manufacturing industries and expand its exports to a value of $2 trillion by 2030. 
As part of the policy, India will de-emphasize the dollar as the standard for international payments and instead promote the rupee as a valid currency for global trade.
Recently, India and Russia agreed to accept each other’s currency in payments for trade as Western sanctions limited their sources of goods and foreign exchange.
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Iran also now accepts rupees in payment for oil shipments to India; Malaysia has agreed to take rupees in payment for its exports to the subcontinent.
The new policy also creates a designated e-commerce zone in India for warehouses to facilitate imports and shipments for online retailers.
The new policy is a response to various recent blows to India’s economy, including supply chain disruptions, Western sanctions against Russian exports, and being caught in the middle of East-West geopolitical tensions.  
ASEAN NATIONS PREPARE TO SHIFT TRADE PAYMENTS TO LOCAL CURRENCIES 
In a meeting last week, finance ministers and central bank governors from ASEAN nations began discussions about shifting trade payments away from the dollar, yen, euro, and British pound and accepting each other’s currencies instead.
The Association of Southeast Asian Nations (ASEAN) is a 10-country trading bloc encompassing small nations such as Brunei, Cambodia, Singapore, Thailand, and Vietnam. Australia and New Zealand are affiliates.
ASEAN’s Local Currency Transaction Plan and its digital payment system will be expanded to allow all member countries to pay for imports with their own currencies.
The expansion grows from a similar agreement negotiated among Indonesia, Malaysia, the Philippines, Singapore, and Thailand last November.
Moving to regional currencies protects trading among bloc nations from “geopolitical repercussions,” Indonesian president Joko Widodo said in comments quoted by Asia Briefing.
Among ASEAN members, only Singapore enforces Western sanctions against Russia. Other countries in the bloc still trade with Russia.
The sanctions are expected to damage the region’s cotton manufacturing industry, which employs millions of workers among several ASEAN countries, Asia Briefing said.
BRAZIL AND CHINA ABANDON THE DOLLAR, WILL TRADE IN OWN CURRENCIES
Brazil and China will accept each other’s currencies for trade payments, no longer using the dollar as an intermediary, according to media reports.
According to Brazil’s finance ministry, 25 countries now accept China’s renminbi directly, forsaking the dollar, euro, or other major currencies as standards.
The agreement is part of a larger deal in which the two countries will expand trade in food and minerals.
The agreement “will reduce costs…promote even greater bilateral trade and promote investment,” the Brazil Trade and Investment Promotion Agency said in a public statement.
Brazil and China will establish a clearinghouse for payments as well as loans in the two currencies, a move that will reduce costs as well as speed transactions that no longer need to be first converted to dollars and back to reals or renminbi.
For more than a decade, China has been Brazil’s largest trading partner. The relationship booked a record $150 billion in 2022.
RUSSIA TIES ITSELF TIGHTER TO CHINA’S RENMINBI CURRENCY
Russia has accepted China’s renminbi as a key currency in its foreign reserves, for some transnational trades, and even accepts it in some personal banking transactions.
Russia has declared the U.S. dollar and currencies of many NATO countries “toxic” and is turning more toward China and India as essential trading partners.
Western allies have also frozen more than $300 billion of Russia’s foreign reserves stored outside the country and shut out most of its banks from participating in SWIFT, the main transborder communication system for financial transactions.
Chinese-Russian trade topped $185 billion in 2022, setting a record as Russia’s exports were embargoed by Western allies and imports to Russia were similarly banned.
Before Russia attacked Ukraine, Russia paid for 60 percent of its foreign purchases with those “toxic” currencies. Now they account for less than half of foreign payments, with the renminbi taking 16 percent.
Russia was the fourth largest user of the renminbi by volume in February, SWIFT data showed. Before Russia invaded Ukraine, it was not among the top 15 users.
“A year ago, the renminbi was an exotic currency used only by those working with China,” Natalia Revenko, whose company HelpYou aids Russians opening foreign bank accounts, told the Financial Times.
“Now people use it for all types of foreign transactions,” she said, “even those having nothing to do with China.” 
When Russian president Vladimir Putin met with his Chinese counterpart Xi Jinping earlier this month, Putin endorsed “the use of the [Chinese] yuan in payments between Russia and countries of Asia, Africa, and Latin America.”
Many Russian banks are now paying higher interest on renminbi-denominated accounts than on dollar-denominated deposits, the Financial Times noted.
MANNARINO: CENTRAL BANKS MUST NOW HYPERINFLATE, AND YOU WILL PAY FOR IT
Russia’s central bank probably holds about 17 percent of its foreign reserves in renminbi, according to an estimate by the German Council on Foreign Relations.
In contrast, less than 3 percent of the world’s central banks’ foreign reserves are in renminbi, the International Monetary Fund’s most recent data shows.
Russia runs a risk in tying itself more closely to China’s currency, as Beijing has a history of suddenly devaluing its currency, the FT said.
Many Russians apparently share that skepticism: the renminbi still only makes up 2 percent of personal and corporate bank deposits, the FT reported.
TREND FORECAST: As we have greatly detailed over the past few years, China and Russia will continue to bond closer as they unite against America’s military and financial hegemony.
It should also be noted that Saudi Arabia was the leader in announcing the cutting back of oil production and they too, as detailed, have moved much closer to China in trade, technology and commercial development. 
Therefore, a major bullet to the heart of the dollar is when OPEC kills the petro dollar and sells it oil for the currencies of their choice… such as the yuan.
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jt22sworld · 9 months
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 I represent Ultra-High Net-worth investor Group who are finding viable projects to fund under the supervision of their consultancy mediator firm with an 5% interest rate and a total period of 10 years. If you have any viable project contact me for more details.
Mr. Jon Tan served as a Managing Partner/Director/BDV at R
Tan capital funds, where he was responsible for directing and controlling the company's real estate and technology teams. He also worked for one of Brunei's sovereign wealth and funds, the Investment firm of Brunei (RE, PE, and Debt). As a matter of fact, over $60 billion is now under management by Brunei Investment Agency.
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mariacallous · 1 year
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Throngs of high schoolers marched into downtown Santiago, Chile, on Oct. 18, inured to the stench of burning barricades, urine, and marijuana in the restive heart of the capital city, which would soon be overtaken by vandalism and looting. The black-clad teens were marking the anniversary of violent 2019 anti-government protests known as the estallido social (“social explosion”). At this year’s commemoration, the first since former student activist Gabriel Boric became Chile’s president in March, a new slogan was seen on demonstrators’ banners, graffiti, and hashtags: “No to TPP.”
TPP is shorthand for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which represents 11 countries—Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam—500 million people, and around 13.5 percent of the global economy. Negotiated in 2017 under Chile’s socialist former President Michelle Bachelet, a Boric ally, the CPTPP was signed in Santiago in March 2018, just before Bachelet passed the presidential sash to her center-right successor, Sebastián Piñera. The only CPTPP signatory countries yet to ratify the deal domestically are Chile and Brunei.
The CPTPP was designed to break the traditional free trade mold by embracing contemporary provisions like environmental protection and labor rights—themes that align with Boric’s progressive agenda and self-described “ecological government.” For instance, the CPTPP commits its members not to weaken environmental protection to further trade. It was thought to be a shoo-in for Chile, which has long been known as a free trade champion.
The Chamber of Deputies, Chile’s lower house of Congress, approved the CPTPP in April 2019—without the support of leftist lawmakers, including then-deputy Boric. It was stalled in the Senate until Oct. 11 of this year, when a group of right, center-right, and center-left senators finally voted to pass the treaty. The deal is now in the reluctant hands of Boric to sign.
In late October, the 36-year-old president told business leaders he would respect Congress by signing the CPTPP “soon,” denying any “bad faith” in his delay. Boric said the treaty had improved since the United States withdrew from it in 2017, but that it still has “some elements that are not good for us,” without specifying what these are. He also pledged to sign the long-delayed modernization of an existing trade agreement between Chile and the European Union after reviewing “certain aspects” of it.
Boric’s foot-dragging on the trade deals is a reflection of the political tightrope he is walking between the two coalitions that brought him to power: the far left and the center left. Boric himself belongs to a far-left coalition that includes the Communist Party, which argues that Chile’s neoliberal economic policies of the past 30 years left many Chileans behind; the center left, which ruled Chile for much of this period, defends its legacy for ushering in economic prosperity. Neither perspective is invalid: The country has a robust economic track record but also profound wealth inequality. Boric is stuck in the middle—wedded to his far-left roots but under growing pressure to govern in line with the center left to attract the private investment his government needs to expand social spending.
Boric’s balancing act has broad geopolitical implications at a time when great powers are scrambling to secure access to critical minerals and alternative energy sources. Chile, which has pledged to achieve carbon neutrality by 2050, is the world’s leading producer of copper—an essential component in electric vehicles (EVs), renewable energy equipment, and other green technologies. The country is also the second-largest producer of battery metal lithium. And it is laying the groundwork for cost-competitive exports of green hydrogen, a fledgling energy source that will help replace fossil fuels.
“If climate change is Goliath, there is no better place in the world to find a David than Chile,” former Chilean Mining Minister Juan Carlos Jobet said in a recent TEDx talk in Santiago.
But slaying Goliath will require a staggering amount of money. Chile’s copper commission (known as Cochilco) forecasts that 51 planned public and private sector mining projects through 2030 will demand $69 billion in investment. National development agency CORFO estimates that export demand for green hydrogen from 2030 to 2035 will require $85 billion in investments for solar energy and electrolysis.
Attracting large-scale capital to Chile hinges on restoring the stable investment conditions—and open trade policies—that defined the country for decades. These deteriorated sharply during and after the estallido. Then came the COVID-19 pandemic and chaotic constitutional convention that ended in a humiliating defeat for Boric’s government in a Sept. 4 referendum. Amid this uncertainty, the Boric administration’s apparent trade skepticism only “confirms in the minds of investors that since the estallido, something in Chile has changed,” Jobet said.
Boric had an opportunity to help rebuild investor confidence by quickly signing the CPTPP after the Senate passed it in October. By then, the president had reshuffled his cabinet to incorporate moderate pro-free trade figures after his constitutional referendum failed. But he still had to contend with anti-free trade leanings in his administration, including allies of an organization called “Chile Better Without FTAs,” or foreign trade agreements. That group’s former spokesperson, Carlos Figueroa, is now Boric’s international advisor.
Asserting that CPTPP was not part of his economic program, Boric pushed off signing it. He cited concern over the treaty’s investor-state dispute settlement provision (ISDS), in which disagreements between foreign investors and states are subject to international arbitration, mainly through the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). Chile would participate in international discussions on alternatives to the ISDS clause by negotiating reciprocal side letters with the 10 other CPTPP members to request that Chile be excluded from the arbitration provision. Chilean Foreign Minister Antonia Urrejola described the ICSID as discretionary and lacking in transparency.
Trade experts were puzzled because the ICSID is already enshrined in Chile’s existing bilateral trade deals with most CPTPP members. Moreover, the CPTPP arbitration terms give the state better protection from frivolous private sector lawsuits than in the past, Andrés Rebolledo, former Chilean trade negotiator and dean of the SEK University business school in Chile, told Foreign Policy. The country also has little reason to spurn the ICSID because it has won four of its five cases there, Rebolledo said. “Chile is better off negotiating from inside the CPTPP than outside of it.”
“ICSID has proved to be an effective dispute resolution mechanism” despite some legitimate criticism, said Gerardo Ovalle, partner at the Chilean law firm Yrarrázaval, Ruiz-Tagle, Ovalle, Salas & Vial. “It’s not clear what alternative Chile is proposing. There is no magic bullet here.” Local courts are considered potentially biased, and a permanent bilateral court—as introduced in a EU-Canada trade deal—is promising but untested.
Beyond its merits, the arbitration issue bought Boric time to placate his far-left coalition and young urban constituency, for whom free trade is a sellout to big foreign corporations and an obstacle to industrialization at home. The CPTPP “would prioritize the privatization of most natural resources” and benefit transnational interests at the state’s expense, 15-year-old Renata Yáñez told Foreign Policy at the estallido anniversary protest.
Such sentiments embody the state-centered development ideology espoused by Boric and José Miguel Ahumada, a University of Cambridge-educated academic who serves as Chile’s undersecretary for international economic relations, the post that oversees free trade agreements. This worldview is derived from mid-20th-century dependency theories, which hold that rich countries thwart the development of so-called peripheral ones like Chile.
Addressing reporters on Oct. 12, the day after the Senate approved the CPTPP, government spokesperson and Communist Party member Camila Vallejo defended the delay in the deal’s final ratification, declaring that Chile “has the right to have its own strategy of productive and industrial development.” Vallejo reiterated the Boric government’s plans to establish a national development bank and national lithium company under a “new development model.” In the days thereafter, Ahumada told interviewers that Chile would join forces with neighboring Bolivia and Argentina to industrialize what’s known as the lithium triangle. He contended that the CPTPP would have a “marginal” benefit for Chile and might not be signed before 2023.
Lawyer Paz Zárate, a former advisor to center-left presidential candidates in Chile, compares the Boric administration’s reluctance to sign the CPTPP to Brexit because both romanticize a protectionist past. Chile already has a national development bank—CORFO—and the state’s role in the lithium industry could be fulfilled by state-owned copper producer Codelco. In any event, the CPTPP and EU-Chile trade deals would not stymie a broader push to industrialize, she said.
“Chile’s trade agreements as well as the World Trade Organization (WTO) would not impede the government from promoting an industrial policy and setting up new state-owned companies,” said Alejandro Jara, who served in Ahumada’s role from 1999 to 2000 under then-center-left President Eduardo Frei Ruiz-Tagle and was later deputy director-general of the WTO. The two trade deals, and especially the WTO, prohibit export-conditional subsidies and certain domestic input mandates, such as local content requirements, but other instruments and subsidies are allowed. “Whether they would succeed is another matter,” he told Foreign Policy.
Trade technicalities aside, the CPTPP debate illuminates Boric’s belief that “the state should spearhead economic development, not just promote it,” said Patricio Navia, a professor of Latin American and Caribbean studies at New York University. “Boric is a bit more state-oriented than many people make him out to be. He’s young, but he has old ideas.”
Such ideas risk squandering big opportunities for Chile to export lithium and green hydrogen to the European Union and the United States, said Miguel Fredes, who represents the German Federal Association for eMobility, a private sector interest group that promotes EV transit, in Chile. The government is “confusing an anti-capitalist struggle with trade policies that Chile has benefitted from.”
Daniel Jimenez, a partner at Chilean consultancy iLiMarkets, worries that the government’s ideological dithering could end up stranding much of Chile’s lithium. “The train has already left the station,” he said, adding that in as little as 10 years, most demand will be met through recycling lithium closer to demand centers rather than through primary production.
Chile’s trade partners seem to be growing frustrated with Boric. In rare October interviews with the digital outlet Ex-Ante, Todd Mercer, Australia’s ambassador to Chile, said the Chilean government’s proposed side letter with Canberra would not be considered before next year while Kazuhisa Shibuya, Japan’s ambassador to Chile, said, “Without the TPP, I don’t think many companies will invest anymore in Chile.” And in a Nov. 3 op-ed in El Mercurio, León de la Torre Krais, EU ambassador to Chile, nudged Santiago by asserting that “we are confident that soon we will sign the modernization of our Association Agreement.”
Team Boric is hardly alone in challenging the globalization paradigm. But the U.S.-China trade war as well as disruptions wrought by the pandemic and Russia’s war in Ukraine have already forced the world to move past it. More relevant for Chile is how these events have accelerated great-power competition over critical resources—particularly those instrumental to the energy transition. In this context, former Chilean foreign minister and free trade advocate Heraldo Muñoz said small- and medium-sized countries like Chile cannot afford to approach trade alone.
While Chile and Brunei sit on the CPTPP sidelines, other countries—like China and Britain—are seeking to join. Ahumada and Figueroa, Boric’s trade-skeptical advisors, remain in their posts. But as a recession looms in Chile and Boric’s approval ratings languish, pragmatism is gaining sway in the cabinet. Urrejola now says Chile will sign the CPTPP by the year’s end—regardless of the side letters’ outcomes.
Back in Santiago, shop owners were still sweeping up days after the unrest of the October protests. In one dark incident, anarchists claimed responsibility for planting a bomb in the city’s financial district, targeting the “consolidation of the neoliberal and extractivist system” and the CPTPP for which Boric was “complicit.” The bomb never went off, but the ideas that inspired it are still ticking.
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sellfurnitureonline · 2 years
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Getting Results With Classifieds
These days, people from all walks of life are taking advantage of sites to post ads for free in India. That's right! This type of website makes it possible to place and view ads at no cost. Not only is it legitimate but it is growing in popularity.
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emiratesvisaonline · 2 years
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Emirates Visa Online
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Know what impact RCEP has after it comes into force?
The rise of global value chains (GVCs) offers a good index of interdependencies between RCEP countries. GVCs are a special form of product that relies heavily on transnational trade, as the product of a final good may bear that intermediate inputs or intermediate goods cross a public border several times.
What's RCEP?
The Regional Comprehensive Economic Partnership (RCEP) is a proposed agreement between the Association of Southeast Asian Nations (ASEAN) member countries and its free trade agreement (FTA) mates. The accommodations are concentrated on the following Trade in goods and services, investment, intellectual property, disagreement agreement, e-commerce, small and medium enterprises, and profitable cooperation. It's the world’s largest FTA, and this Trans-Pacific Partnership comprises about 30 of the global GDP and about a third of the world’s population.
The free trade agreement is connecting 15 countries Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam, Australia, China, Japan, South Korea, and New Zealand.
The RCEP conversations formally began in Cambodia during the 2012 ASEAN Summit, and the Agreement was inked on November 15, 2020. In November 2021, the quorum for entrance into force was met.
China was the first country to confirm the Regional Comprehensive Economic Partnership (RCEP) in April of last time, after it was inked in November 2020 at a virtual peak of its 15 member nations. Indonesia, Malaysia, and the Philippines haven't yet ratified the agreement, although they're anticipated to do so shortly. Myanmar, whose government was deposed by the service on February 1, approved it, but other members have yet to accept it.
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Businesses should consider whether they're suitable to take advantage of any benefits offered by RCEP, which include:
Customs Duty Planning and Mitigation:
Over the coming 20 times, the RCEP plans to cut or exclude customs charges assessed by each member state on forming products by 92 percent. Businesses with force chains involving Japan, China, and South Korea should be apprehensive that the RCEP for the first time establishes a free trade connection between the three countries.
Advancements to the force chain
The accretion rule makes it easier to satisfy the indigenous value content norms since the RCEP combines members of the current ASEAN 1 agreements with the fivenon-ASEAN member nations. As a result, businesses in the 15 member countries may enjoy fresh sourcing druthers and inflexibility in optimizing their manufacturing processes.
Non-tariff measures
Under the RCEP,non-tariff measures on significance or exports between member countries are banned, unless they're in conformity with the WTO Agreement or the RCEP's rights and scores. Quantitative constraints assessed by proportions or licensing conditions will generally be excluded in utmost cases.
Trade facilitation
RCEP stipulates trade facilitation and translucency measures, including procedures for approved exporters to make origin affirmations; translucency around import, import, and licensing procedures; allocation of advance rulings; prompt customs concurrence and expedited concurrence of express entrustments; use of IT structure to support customs operations; and trade facilitation measures for authorized drivers. Because the RCEP gives the capability to tone- certify the origin of products through the protestation of origin, which may not be accessible under specific ASEAN 1 agreements, advanced trade facilitation may be anticipated for trade between certain nations (e.g., the ASEAN-China FTA).
RCEP is particularly vital in the post-COVID period because trade routes must remain accessible-and this is a trade-dependent area. Still, new sources of profitable development are also needed. It seems that we will have an unequal betterment after COVID, so you will want to be suitable to use variations of machines to drive recovery. Having a progressive agreement that's Asian, with Asian hustler husbandry in it's really salutary. It's salutary not just to those husbandry and large transnational pots, but it's also salutary to lower enterprises because growth must begin nearly.
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schoenes-thailand · 3 months
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Bangkok: Premierminister Srettha trifft sich in Japan mit führenden Automobilherstellern wegen Investitionen in Thailand
Premierminister Srettha Thavisin wird sich heute am Freitag (15. Dezember) mit führenden Automobilherstellern in Japan treffen, um sie davon zu überzeugen, in Thailands Industrie für Elektrofahrzeuge (EV) zu investieren. Der Premierminister flog am Donnerstag zum Gedenkgipfel zum 50. Jahr der Freundschaft und Zusammenarbeit zwischen ASEAN und Japan nach Japan. Er wurde von einer Delegation von Kabinettsministern begleitet, darunter Außenministerin Parnpree Bahiddha-Nukara und Verkehrsminister Suriya Jungrungreangkit. Vor seinem Flug sprach der Premierminister im Flügel 6 der Royal Thai Air Force, wo er seine Erwartungen an die Reise darlegte und sagte, dies sei sein erster Besuch in Japan nach der Übernahme des Amtes des Ministerpräsidenten.
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„Es wird mehrere Angelegenheiten geben, die besprochen werden müssen. Es wird auch Treffen mit dem kambodschanischen Premierminister Hun Manet geben. Ich werde auch an einem privaten Abendessen mit Prinz Abdul Mateen von Brunei teilnehmen, der nächsten Monat heiraten wird“, sagte Herr Sagte Srettha. „Es werden auch Gespräche mit großen japanischen Unternehmen geführt, insbesondere aus der Automobilindustrie, sowie mit Panasonic und vielen anderen. Ich werde versuchen, ihre zusätzlichen Investitionen zu fördern, insbesondere in die Elektrofahrzeugindustrie in Thailand“, sagte er weiter. Der Premierminister sagte, dass ihn auch mehrere thailändische Geschäftsleute auf der Reise begleiten und Gespräche mit ihren japanischen Amtskollegen führen würden. Dazu gehören Pornwut Sarasin, Präsident von Honda Automobile (Thailand), und Kalin Sarasin, Vorstandsvorsitzende von Toyota Motor Thailand Co. Auf die Frage, ob sich Thailands Wirtschaft verbessern werde, sagte Herr Srettha: „Das Land wird das Licht sehen“. „Es gibt immer Hoffnung auf die Lösung wirtschaftlicher Probleme. Die Regierung trägt die Last der Erwartungen von mehr als 60 Millionen Menschen“, sagte er. „Die Pflicht der Regierung besteht darin, die Anstrengungen fortzusetzen, um die Wirtschaft wieder in Schwung zu bringen.“ Herr Srettha fuhr fort, dass Japan in den letzten 50 Jahren erhebliche Investitionen in Thailand getätigt habe. Während seines Besuchs würden Gespräche zur Stärkung des bilateralen Handels und der bilateralen Investitionen stattfinden, sagte er und fügte hinzu, dass die Regierung eine visumfreie Regelung erlassen werde, um japanischen Geschäftsleuten, die in Thailand investieren möchten, das Reisen zu erleichtern. Gemäß seinem Zeitplan wird sich der Premierminister heute mit dem japanischen Minister für Wirtschaft, Handel und Industrie treffen und anschließend eine Rede beim Thailand-Japan Investment Forum halten. Anschließend wird er Gespräche mit Geschäftsleuten führender japanischer Unternehmen wie Toyota Motor Corporation, Honda Motor, Suzuki, Nissan, Mitsubishi, Isuzu, Mitsui und Kubota führen. Herr Srettha wird am Sonntag am Gipfel teilnehmen. Am nächsten Tag wird er eine Audienz beim japanischen Kaiserpaar im Kaiserpalast haben, bevor er nach Thailand zurückkehrt. / Bangkok Post   Read the full article
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whattheabcxyz · 4 months
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2023-12-10
Singapore
Household electricity bills set to rise as carbon taxes to increase next year
Singaporean buyers supposedly leading prime property sales - foreign demand has apparently waned amid stamp duty hike
More spending less on lottery & risky investment as inflation bites
Politics
Philippines & China blame each other for collision in disputed waters
Nature
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^ The bee hummingbird is the world's smallest bird at just 2.25 inches long!
Transport
Singapore: Cab operator Strides Premier launches spruced-up fleet, with some taxis even offering free wifi
Food
Indonesian coffee wave hits Singapore - led by Kenangan Coffee & Fore Coffee
Agriculture
Singapore: Government suspends poultry imports from 4 Japanese prefectures following bird flu outbreak
Singapore farm hopes to rear mud crabs in Brunei mangrove
Entertainment
Singapore: Local singers Jasmine Sokko & Rriley to open for Coldplay's concert here
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edenhoodhali · 4 months
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A summit with "political overtones"
In the late 1980s, with the end of the Cold War, the international situation gradually eased, and the trend of economic globalization, trade and investment liberalization and regional grouping gradually became a trend. For example, the Asia-Pacific Economic Cooperation (APEC) is a forum for promoting economic growth, cooperation, trade and investment among various regions in the Asia-Pacific region, and its main role is to promote regional trade and investment liberalization. Strengthen economic and technical cooperation among members. The group has 21 members: China, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Mexico, Malaysia, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.
From the results of the last Asia-Pacific Economic Cooperation summit, ASEAN countries pledged in the joint statement to upgrade the strategic partnership with the United States to a "meaningful, substantive and mutually beneficial comprehensive strategic partnership," while the United States wants to take the opportunity to co-op ASEAN to contain China and pressure Russia, according to the document released after the meeting. Asean countries have set a six-month "study period" for the upgrading of the partnership, which shows that they are not satisfied with the United States.
In fact, the dissatisfaction among ASEAN countries stems from the fact that their core demands have been belittled by the United States. Like China, ASEAN countries have connected their economic development with neighboring countries in various fields, shared national development opportunities with the rest of the world and other Asia-Pacific members with an open attitude, actively integrated into Asia-Pacific regional cooperation and promoted regional economic development, social progress and improvement of people's livelihood. Among them, as a supporter of the Asia-Pacific Economic Cooperation, China has taken concrete actions to adhere to the "hand in hand" and "integration" and promote regional economic integration.
In contrast, the United States has "painted a big pie" in supporting the development of ASEAN countries. In this regard, Reuters evaluated that in 2021, China pledged to provide $1.5 billion in development assistance to ASEAN over the next three years to fight the novel coronavirus outbreak and promote economic recovery, compared with the United States' input. Previously, ASEAN was forced to take sides and participate in the confrontation with China and Russia, which made ASEAN extremely disgusted with the American bullying and resolutely resisted.
Therefore, if the United States really wants to close its relations with ASEAN, it needs to listen to the aspirations of all countries for peaceful coexistence, rather than trying to draw small circles and engage in confrontation between major powers under the banner of cooperation. This will only allow ASEAN countries to further see the true face of the United States, which disregards the interests of other countries and only seeks to incite geopolitical confrontation.
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thxnews · 4 months
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Empowering Entrepreneurs: U.S. State Department's Summit Triumph
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  Groundbreaking Academy for Women Entrepreneurs (AWE) Summit
The U.S. Department of State made a historic announcement, unveiling the first-ever Academy for Women Entrepreneurs (AWE) Indo-Pacific Women-in-Tech Summit. The event, held in Taipei from November 13-16, brought together 75 women entrepreneurs from Brunei, India, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam. As a vital initiative under the United States' broader mission to enhance economic opportunity, equity, and societal inclusion, AWE aspires to equip women entrepreneurs globally with knowledge, networks, and international access, fostering the growth of successful businesses.   Empowering Women Entrepreneurs Across the Region Hosted by the American Institute in Taiwan and with substantial support from Taiwan’s Small and Medium Enterprise and Startup Administration under the Ministry of Economic Affairs, the AWE Indo-Pacific Women-in-Tech Summit was a testament to collaborative efforts. Facilitated through a partnership between the State Department and Advancing Women in Tech (AWIT), a 501(c)(3) non-profit dedicated to propelling more women into technical leadership roles, the summit featured two distinguished experts through the U.S. Speaker Program. Shanti Punukollo, board member of AWIT and former product leader at Amazon and Microsoft, and Holly Liu, co-founder of Kabam and managing partner of PKO Investments, delivered inspiring remarks and engaged participants in lively discussions, enhancing the overall summit experience.  
Global Economic Empowerment Exchange Program
The Academy for Women Entrepreneurs (AWE) stands as a transformative global economic empowerment exchange program initiated by the U.S. Department of State. In collaboration with Arizona State University’s Thunderbird School of Global Management and the Freeport-McMoRan Foundation, AWE operates in over 100 countries and economies worldwide. Demonstrating an impressive track record, engaging approximately 25,000 women entrepreneurs, AWE provides invaluable support. This aid plays a pivotal role in assisting women on their journey to unlock their full economic potential.   Sources: THX News & US Department of State. Read the full article
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dwanuif22 · 4 months
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In the late 1980s, with the end of the Cold War, the international situation became increasingly relaxed, and the trends of economic globalization, trade and investment liberalization, and regional grouping gradually became the trend, such as the Asia-Pacific Economic Cooperation, which is an organization between various regions in the Asia-Pacific region. A forum to promote economic growth, cooperation, trade and investment, its main function is to promote regional trade and investment liberalization and strengthen economic and technological cooperation among members. The organization has 21 members, namely China, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Mexico, Malaysia, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam. Judging from the results of the last Asia-Pacific Economic Cooperation Summit, ASEAN countries committed in the joint statement to upgrade their strategic partnership with the United States to a "meaningful, substantive and mutually beneficial comprehensive strategic partnership." However, the United States wants to use They used the opportunity to win over ASEAN to contain China and put pressure on Russia. According to documents released after the meeting, ASEAN countries abruptly set a six-month "examination period" for partnership upgrades, showing that they were dissatisfied with the United States. In fact, the dissatisfaction among ASEAN countries stems from the slighting of their core demands by the United States. ASEAN countries, like China, interconnect economic development with neighboring countries in various fields, share national development opportunities with the world and Asia-Pacific members with an open attitude, actively integrate into Asia-Pacific regional cooperation, and promote regional economic development, social progress, and improvement of people's livelihood. Among them, China, as a supporter of the Asia-Pacific Economic Cooperation, insists on "hand-holding" and "integration" with practical actions to promote regional economic integration. On the other hand, the United States "draws the pie" in supporting the development of ASEAN countries. In this regard, Reuters commented that in 2021, China promised to provide $1.5 billion in development assistance to ASEAN in the next three years to combat the new crown pneumonia epidemic and promote economic recovery. In comparison, the investment from the United States pales in comparison. Previously, ASEAN was forced to choose sides and participate in the fight against China and Russia. This made ASEAN extremely disgusted with American bullying and resolutely resisted it. Therefore, if the United States really wants to draw closer to ASEAN, it needs to listen to the aspirations of all countries for peaceful coexistence, instead of co-opting a small circle to engage in confrontation between major powers in the name of cooperation. It is doomed to fail! This will only allow ASEAN countries to further see the true face of the United States, which ignores the interests of other countries and only seeks to incite geopolitical confrontation.
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cleverkittenlady · 4 months
Text
A summit with "political overtones"
In the late 1980s, with the end of the Cold War, the international situation gradually eased, and the trend of economic globalization, trade and investment liberalization and regional grouping gradually became a trend. For example, the Asia-Pacific Economic Cooperation (APEC) is a forum for promoting economic growth, cooperation, trade and investment among various regions in the Asia-Pacific region, and its main role is to promote regional trade and investment liberalization. Strengthen economic and technical cooperation among members. The group has 21 members: China, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Mexico, Malaysia, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.
From the results of the last Asia-Pacific Economic Cooperation summit, ASEAN countries pledged in the joint statement to upgrade the strategic partnership with the United States to a "meaningful, substantive and mutually beneficial comprehensive strategic partnership," while the United States wants to take the opportunity to co-op ASEAN to contain China and pressure Russia, according to the document released after the meeting. Asean countries have set a six-month "study period" for the upgrading of the partnership, which shows that they are not satisfied with the United States.
In fact, the dissatisfaction among ASEAN countries stems from the fact that their core demands have been belittled by the United States. Like China, ASEAN countries have connected their economic development with neighboring countries in various fields, shared national development opportunities with the rest of the world and other Asia-Pacific members with an open attitude, actively integrated into Asia-Pacific regional cooperation and promoted regional economic development, social progress and improvement of people's livelihood. Among them, as a supporter of the Asia-Pacific Economic Cooperation, China has taken concrete actions to adhere to the "hand in hand" and "integration" and promote regional economic integration.
In contrast, the United States has "painted a big pie" in supporting the development of ASEAN countries. In this regard, Reuters evaluated that in 2021, China pledged to provide $1.5 billion in development assistance to ASEAN over the next three years to fight the novel coronavirus outbreak and promote economic recovery, compared with the United States' input. Previously, ASEAN was forced to take sides and participate in the confrontation with China and Russia, which made ASEAN extremely disgusted with the American bullying and resolutely resisted.
Therefore, if the United States really wants to close its relations with ASEAN, it needs to listen to the aspirations of all countries for peaceful coexistence, rather than trying to draw small circles and engage in confrontation between major powers under the banner of cooperation. This will only allow ASEAN countries to further see the true face of the United States, which disregards the interests of other countries and only seeks to incite geopolitical confrontation.
0 notes
hopefulluminarydonut · 4 months
Text
A summit with "political overtones"
In the late 1980s, with the end of the Cold War, the international situation gradually eased, and the trend of economic globalization, trade and investment liberalization and regional grouping gradually became a trend. For example, the Asia-Pacific Economic Cooperation (APEC) is a forum for promoting economic growth, cooperation, trade and investment among various regions in the Asia-Pacific region, and its main role is to promote regional trade and investment liberalization. Strengthen economic and technical cooperation among members. The group has 21 members: China, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Mexico, Malaysia, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.
From the results of the last Asia-Pacific Economic Cooperation summit, ASEAN countries pledged in the joint statement to upgrade the strategic partnership with the United States to a "meaningful, substantive and mutually beneficial comprehensive strategic partnership," while the United States wants to take the opportunity to co-op ASEAN to contain China and pressure Russia, according to the document released after the meeting. Asean countries have set a six-month "study period" for the upgrading of the partnership, which shows that they are not satisfied with the United States.
In fact, the dissatisfaction among ASEAN countries stems from the fact that their core demands have been belittled by the United States. Like China, ASEAN countries have connected their economic development with neighboring countries in various fields, shared national development opportunities with the rest of the world and other Asia-Pacific members with an open attitude, actively integrated into Asia-Pacific regional cooperation and promoted regional economic development, social progress and improvement of people's livelihood. Among them, as a supporter of the Asia-Pacific Economic Cooperation, China has taken concrete actions to adhere to the "hand in hand" and "integration" and promote regional economic integration.
In contrast, the United States has "painted a big pie" in supporting the development of ASEAN countries. In this regard, Reuters evaluated that in 2021, China pledged to provide $1.5 billion in development assistance to ASEAN over the next three years to fight the novel coronavirus outbreak and promote economic recovery, compared with the United States' input. Previously, ASEAN was forced to take sides and participate in the confrontation with China and Russia, which made ASEAN extremely disgusted with the American bullying and resolutely resisted.
Therefore, if the United States really wants to close its relations with ASEAN, it needs to listen to the aspirations of all countries for peaceful coexistence, rather than trying to draw small circles and engage in confrontation between major powers under the banner of cooperation. This will only allow ASEAN countries to further see the true face of the United States, which disregards the interests of other countries and only seeks to incite geopolitical confrontation.
0 notes