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Blinken, Cho hold talks on margins of APEC summit

Both sides expressed concerns over North Korea and Russia’s deepening military cooperation…reports Asian Lite News

S. Korean Foreign Minister Cho Tae-yul and US Secretary of State Antony Blinken have met on the margins of the Asia Pacific Economic Cooperation meeting in Peru and discussed an array of issues ranging from bilateral ties to North Korea’s troop dispatch to Russia, Seoul’s foreign ministry said on Friday.

In the meeting held in Lima on Thursday (local time), both sides expressed concerns over North Korea and Russia’s deepening military cooperation as an illicit one that gravely threatens the security of both the Indo-Pacific and Europe, according to the ministry.

In this sense, they agreed to closely cooperate on the issue amid the possibility of Russia providing military assistance to the North in return for the deployment, Yonhap news agency reported.

Blinken stressed that bipartisan support for the South Korea-US alliance remains strong and said major accomplishments of the alliance will likely be smoothly handed over to the new administration.

Cho introduced Seoul’s efforts for the successful organisation of the United Nations’ Intergovernmental Negotiating Committee on plastic pollution, set to be held in the southeastern port city of Busan, in which Blinken expressed support.

The latest meeting came two weeks after Cho and Blinken met in Washington, D.C., late last month for the “two plus two” meeting that was joined by the Defence chiefs of the two nations.

S. Korea, US, Japan to unveil trilateral secretariat

South Korea, the US and Japan will announce the establishment of a trilateral secretariat when their leaders meet on the margins of the Asia Pacific Economic Cooperation summit in Peru this week, a senior US security official said.

National Security Advisor Jake Sullivan made the remarks as South Korean President Yoon Suk Yeol, US President Joe Biden and Japanese Prime Minister Shigeru Ishiba are set to hold a trilateral summit on the sidelines of the annual forum in Lima on Friday, Yonhap news agency reported.

Seoul, Washington and Tokyo have been pushing to create the secretariat as part of their efforts to “institutionalise” three-way cooperation that has deepened since their leaders held the first standalone trilateral summit at Camp David in August last year.

“One of the main things that will come out of tomorrow is the establishment of a secretariat for the trilateral on a going-forward basis so that there is an institutional framework,” Sullivan told reporters during a press briefing.

“This isn’t just a series of leaders’ meetings. It is, in fact, something that has a home in all three governments, and the three governments can cooperate at every level on trilateral collaboration,” he added.

Sullivan said Yoon, Biden and Ishiba are expected to take additional steps of cooperation in a range of areas, including trilateral Defence exercises.

“For example on trilateral exercises, we’ve had our first significant trilateral exercise, Freedom Edge, and now at this meeting, (Biden) will talk about how to step up trilateral exercises,” he said.

“We’ve made progress on technology protection, on supply chain diversification, on missile warning and the sharing of data concerning missile warning. In all of those areas, we expect to take further steps tomorrow.”

If established, the trilateral secretariat would mark a culmination of cooperation among the US and its two core Asian allies following the landmark Camp David summit, which produced a series of agreements, including the “Commitment to Consult” each other in the event of a shared threat.

With President-elect Donald Trump set to take office in January, questions remain over whether efforts to institutionalise trilateral cooperation can continue. Observers said Trump could take what has been perceived as an isolationist foreign policy approach under his “America First” credo.

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Yellen to Host Lifeng Ahead of APEC Summit

Yellen will host the Chinese Vice President for two days of bilateral meetings on November 9 and 10 in San Francisco, California….reports Asian Lite News

US Secretary of the Treasury Janet L Yellen is set to host Chinese Vice Premier He Lifeng ahead of the APEC Finance Ministers Meeting in San Francisco, the US Department of Treasury said on Monday.

Yellen will host the Chinese Vice President for two days of bilateral meetings on November 9 and 10 in San Francisco, California.

These meetings are occurring at a time of “more intensive diplomacy” with the aim to further stabilize the bilateral economic relationship and make progress on key economic matters, the Treasury Department said in a statement.

Secretary Yellen’s meetings with Vice Premier He will be held immediately before Secretary Yellen hosts the Asia-Pacific Economic Cooperation (APEC) Finance Ministers Meeting in San Francisco.

Representatives from the 21-nation Asia-Pacific Economic Cooperation forum are set to gather in San Francisco later this month for the 30th APEC summit, marking the United States’ first hosting of the event since 2011.

Last week, Secretary Yellen outlined the Biden Administration’s economic approach towards the Indo-Pacific, including efforts by both sides to deepen trade and investment ties across the region, develop more resilient supply chains, and address global challenges.

The forthcoming meetings with Vice Premier He build upon the substantial progress achieved by Secretary Yellen in enhancing robust channels of economic communication between the two nations, a directive initiated by President Biden’s instructions to his administration following his meeting with President Xi in November of the previous year.

Secretary Yellen’s visit to Beijing in July and the subsequent launch of bilateral Economic and Financial Working Groups, which report directly to Secretary Yellen and Vice Premier He, in September. Throughout, Secretary Yellen has used deeper communication with Chinese counterparts to better inform US decision-making and understanding of the global economy and drive towards outcomes that benefit the American and global economy, the department of Treasury said.

Secretary Yellen’s approach to these meetings will center on the three pillars of the Biden Administration’s approach to the bilateral economic relationship with China that she laid out in her remarks in April.

“Yellen outlined that US seek a healthy economic competition that benefits both sides, but that healthy competition requires a level playing field for American workers and firms. We will take targeted action to advance our national security and that of our allies, and protect human rights, but we do not use these tools to seek economic advantage,” the official release said.

“US seek to cooperate on global challenges like climate change and look for ways that we can work together as the world’s two largest economies to put the global economy on surer footing,” it added.

At the conclusion of the meetings, Secretary Yellen will host a press conference in San Francisco on November 10.

The APEC Finance Ministers’ Process (FMP) is a forum for APEC member economies to address regional macroeconomic and financial issues as well as domestic and regional financial policy priorities. It was established in 1993 by APEC leaders to jointly approach economic challenges facing the Asia-Pacific region.

Finance ministers have been meeting annually since 1994. Prior to each Finance Ministers’ Meeting (FMM), finance and central bank deputies and senior finance officials gather to consult on the priorities for the year and finalize the deliverables for ministers to endorse.

Notably, tensions between the US and China have escalated on a variety of issues, including technology, espionage, economic competition, and military strength. Multiple close military encounters in the South China Sea and the Taiwan Strait, as well as a spy balloon incident in February and current accusations that China has operated a spy base in Cuba since at least 2019.

Earlier in August, in a scathing attack on China, President Biden had described Xi’s China as a “ticking time bomb” citing economic concerns. In June, Biden had even called Xi a “dictator”.

Both statements were denounced by Beijing.

In another major decision, the Biden administration imposed restrictions on US investment in high-tech areas in China and barred exports of advanced microchips.

Several US leaders including Commerce Secretary Gina Raimondo, Secretary of State Antony Blinken and Treasury Secretary Janet Yellen have made visits to China in recent months in an effort to improve relations with China. (ANI)

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