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HomeDiplomacyCut to the Chase: Southeast Asia’s Month of Summits

Cut to the Chase: Southeast Asia’s Month of Summits

A number of global conferences were held in Southeast Asia in November, bringing back face-to-face diplomacy after the pandemic brought traditional diplomatic meetings to a halt for almost three years.

For 12 days, major world leaders have gathered in Southeast Asia for the ASEAN, G20 and APEC Summits. The aim of these conferences was to promote international cooperation amid the global challenges facing each country, but geopolitical dynamics were also very prominent.

ASEAN Summit (November 10-13)

  • The 40th and 41st ASEAN Summits and related summits were held in Phnom Penh, Cambodia from November 10th to 13th. The meeting, held in person for the first time in three years, was attended by leaders from 10 ASEAN countries and key partners.
  • ASEAN leaders agreed in principle to recognize East Timor as 11th member to the Southeast Asia block. If granted full membership, Timor-Leste will benefit from the ASEAN Free Trade Area Agreement and further increase opportunities for foreign direct investment in the country.
  • ASEAN strengthens relations with the United States and India, US-ASEAN Comprehensive Strategic Partnership and the ASEAN-India Comprehensive Strategic Partnership. Improved relations will strengthen cooperation in areas such as sustainable development and economic cooperation.
  • The lingering crisis in Myanmar and the lack of progress in implementing Myanmar’s five-point consensus overshadowed the meeting. Myanmar’s military government leaders were not invited to the meeting, but Myanmar remains a member of the organization.
  • Indonesia is scheduled to take over the ASEAN chair country next year, and is expected to speak more proactively than Cambodia about Myanmar issues.
  • The East Asia Summit (which includes ASEAN member states and eight countries including the United States, China and Russia) was unable to issue a joint statement because Russia objected to language on Ukraine that the United States and several other countries endorse. did.
  • US Treasury Secretary Janet Yellen referred to the meeting could not produce a joint statement Because the US and other countries were “persistent in discussing the global consequences of Russia’s brutal attack on Ukraine.”

G20 Summit (November 15-16)

  • The G20 Summit brought together leaders from the world’s major developed and emerging nations in Bali, Indonesia.
  • The long-awaited meeting between US President Joe Biden and Chinese President Xi Jinping took place around the G20. Although the two countries did not release a joint statement or make joint media appearances after the talks, bilateral relations between the United States and China appeared constructive and positive. Political communication between the two countries has been resumed. Biden has suggested that Secretary of State Anthony Brinken will visit China next year to continue the formal dialogue started by the two leaders.
  • It is worth noting that the Ukraine war dominated the G20 agenda and that Russian President Vladimir Putin was absent from the summit.
  • There were concerns that the G20 would not issue a joint communiqué, but leaders eventually rallied on Indonesian President Jokowi’s call for a joint communiqué to be issued. joint declaration, managed to include condemnation of the war in Ukraine. “Most member states strongly condemned the war in Ukraine, stressing that it has caused enormous human suffering and exacerbated existing vulnerabilities in the global economy,” the G20 statement said.
  • Russia approved the final statement, which also added: warning Some countries have “different views and different assessments of the situation and sanctions”.
  • Several concrete deliverables were announced at the summit, including the launch of the G20 Pandemic Fund. This will help low-income countries improve pandemic preparedness.
  • of Largest Climate Finance Deal The summit also announced a US$20 billion contribution to Indonesia to support its energy transition and transition away from coal power. The deal includes $10 billion in public funds from the United States and Japan and $10 billion from private investors. Under the agreement, Indonesia committed to generating one-third of its electricity from renewable energy and limiting its carbon emissions to 290 megatonnes of CO2 annually by 2030.

Asia-Pacific Economic Cooperation (APEC) Summit (November 16-19)

  • The 29th Asia-Pacific Economic Cooperation (APEC) Summit in Bangkok has garnered less global attention. US President Joe Biden was absent from the summit due to his family circumstances and sent Vice President Kamala Harris instead. Biden’s absence from his APEC summit is believed to be a blow to Thailand, a key US ally in the region. Notably, Chinese President Xi Jinping attended his APEC summit in person.
  • On the sidelines of the summit, Xi met with world leaders, including Japanese Prime Minister Fumio Kishida and US Vice President Kamala Harris. The Xi-Harris meeting echoed a similar message to the Xi-Biden meeting in Bali.
  • The APEC Business Advisory Council, comprising private sector leaders from 21 APEC member countries, hosted the summit. 69 recommendations, before the summit. The recommendations called for the full reopening of borders and policy responses to address global economic challenges such as inflation, recession risk, energy and food security.
  • APEC summits have traditionally focused on trade and economic issues, but geopolitics permeated the discussion.US Vice President Kamala Harris gathers leaders on the sidelines blame North Korea Regarding the launch test of the latest intercontinental ballistic missile. APEC joint ministerial statement Already used similar language Added to the G20 Statement to include a paragraph condemning Russia’s aggression against Ukraine.
  • A key outcome of the summit was Bangkok Goal for Bio-Circular Green (BCG)Economic model by APEC leaders. BCG, which is backed by Thailand, aims to promote a “green economy model” as its growth strategy. The US is set to host his next APEC summit in San Francisco, and climate change is expected to be a high topic on the agenda.

The views and opinions in these articles are those of the authors and do not necessarily reflect those of Teneo. They are offered to stimulate thought and discussion, and not as legal, financial, accounting, tax, or other professional advice or advice.

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