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Biden Toasts to Future of US-China Relations at APEC Dinner
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November 17, 2023
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0:50Now PlayingU.S. President Joe Biden raised a toast at the APEC (Asia-Pacific Economic Cooperation) dinner in San Francisco on Thursday night. He sounded an optimistic note about the future of the Asia-Pacific region while speaking to the dinner guests.
"Together we can harness the power of the Pacific to grow our economies, to uplift our workers, to protect our planet, to connect our people to one another, and the future of greater prosperity and dignity for all," he said.
Earlier, Thursday the president made America's case to national leaders and CEOs attending the Asia-Pacific summit that the United States is committed to high standards in trade and to partnerships that will benefit economies across the Pacific. Fresh off his meeting with Chinese President Xi Jinping, Biden also told business leaders that the U.S. was “de-risking and diversifying” but not "decoupling” from Beijing.
But he did not mince words in suggesting the U.S. and friends in the Pacific could offer businesses a better option than China. He also noted that U.S. economies had invested some $50 billion in fellow Asia-Pacific Economic Cooperation economies in 2023, including in clean energy technologies, aviation and cybersecurity. On Friday, President Biden and Mexican President Andrés Manuel López are set to discuss migration, fentanyl trafficking and Cuba relations.
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