During a recent meeting with Singapore, U.S. Commerce Secretary Gina Raimondo emphasized the importance of a strong American presence in the Indo-Pacific region to maintain security and stability. While acknowledging China’s investments in the region, Raimondo highlighted that the United States’ involvement is not about countering China but rather about strengthening ties within the region.
Raimondo discussed various issues with partner countries during bilateral meetings, including climate objectives and demonstrating the commitment of the United States to actively engage with the region. Singapore’s Prime Minister Lawrence Wong expressed support for increased U.S. involvement in Southeast Asia, reinforcing Singapore’s longstanding advocacy for American engagement in the region.
In addition to addressing economic relations with China, Raimondo also clarified that the United States does not dictate how countries in the region should conduct their economic relations with China. She acknowledged that many countries trade with China and purchase electric vehicles from them but highlighted efforts by the United States to provide technology, technical assistance, and capital to support sustainable development in the region.
During a recent G7 meeting, U.S. Treasury Secretary Janet Yellen raised concerns about China’s state-driven industrial policies, specifically regarding industrial overcapacity and its impact on global prices.
Raimondo pointed out that when China floods the market with subsidized products, it undermines global prices and threatens the security of all countries. She emphasized the importance of collective action to address these challenges and send a strong message to China as countries navigate their economic relationships with Beijing.
Overall, Raimondo reiterated that America remains committed to supporting sustainable development and fostering partnerships in the Indo-Pacific region while recognizing that each country must make its own decisions regarding its economic relationship with China.
