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Circuit board with fractured US and China flags; APEC summit cooperation. - Supply Chain News

APEC Summit: US and China Focus on Climate Cooperation and Bilateral Relations

11/15/2023
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APEC Summit: US and China Focus on Climate Cooperation and Bilateral Relations

by Anne C
11/15/2023
in Artificial Intelligence in Trade, Industry

As the 30th Asia Pacific Economic Cooperation (APEC) summit approaches in San Francisco, US President Joe Biden and Chinese President Xi Jinping are set to meet with the goal of improving bilateral relations. The two leaders will convene at the Filoli Estate, a country house museum located approximately 25 miles south of San Francisco, according to three senior administration officials who spoke under anonymity. The White House and the Chinese government have yet to confirm the venue.

Biden, arriving at San Francisco International Airport, and Xi, who was welcomed by Treasury Secretary Janet Yellen, California Governor Gavin Newsom, and US Ambassador to China Nicholas Burns, will engage in discussions aimed at addressing various global and bilateral issues.

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Climate Cooperation Announced Ahead of the Summit

Prior to the meeting, the United States and China have jointly pledged to enhance cooperation in combating global warming. This commitment to address the climate crisis, described as “one of the greatest challenges of our time,” sets a collaborative tone for the summit. Both countries reaffirmed their dedication to the goals of the 2015 Paris climate accord, aiming to limit global warming to well below 2°C, with efforts to restrict the increase to 1.5°C. The joint statement also highlighted plans to develop methane reduction targets for their 2035 emission-cutting plans, known as Nationally Determined Contributions (NDCs).

Anticipated Topics at the Biden-Xi Meeting

The White House has emphasized the summit’s goal of enhancing communication to avert potential conflicts. Topics expected to be covered include:

  • Global concerns such as conflicts in the Middle East, Russia’s actions in Ukraine, and North Korea’s ties with Russia.
  • The situation in Taiwan, human rights issues, developments in artificial intelligence, and trade relations.
  • The US’s commitment to supporting Indo-Pacific allies, particularly Taiwan amidst Chinese pressure, and security commitments to the Philippines.
  • Discussion on restoring military ties and addressing the trade of fentanyl in the US.
  • Possible agreements on human rights sanctions and enhancing commercial flights and journalist visa regulations.

China’s agenda includes seeking assurances against pro-independence sentiments in Taiwan ahead of its 2024 elections and easing tariffs and export controls on advanced semiconductors.

Conclusion

The APEC summit presents an opportunity for the US and China to address pressing global issues and improve bilateral relations, with a significant focus on climate cooperation and various geopolitical concerns.

Stay updated with supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#APEC2024 #BidenXiSummit #USChinaRelations #ClimateCooperation #GlobalWarmingAction #ParisClimateAgreement #MiddleEastConflicts #RussiaUkraine #TaiwanTensions #HumanRights #ArtificialIntelligence #TradeRelations #IndoPacificAllies #PhilippinesSecurity #FentanylTrade #MilitaryTies #ChinaSemiconductors #GeopoliticalConcerns #BilateralRelations

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