Biden pledges $100M in US funding at Asean summit

The Nation's Leading Newspaper

10/27/2021 8:40:00 PM

The US will invest $100 million through a program to advance cooperation with the Association of Southeast Asian Nations (Asean) countries, President Joe Biden said Tuesday.

The Nation's Leading Newspaper

US President Joe Biden (AFP/File)Speaking at a virtual US-Asean summit, Biden called the relationship between the US and Asean “vital” and the partnership is essential to maintain a free and open Indo-Pacific.He said he would deepen cooperation, pursue new avenues of ministerial dialogue, as well as invest “in our countries” and drive “inclusive prosperity in this critical region.”

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“In fact, we intend to launch a new program and initiatives to enhance our cooperation across the range of issues totaling more than $100 million,” said Biden.The president said Asean is a “central regional architecture of the Indo Pacific” and the US is committed to Asean centrality.

“It’s a linchpin for maintaining resilience, of prosperity and security of our shared region,” he added. Read more: Manila Bulletin News »

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Nothing for free. $100 million is a very small price to influence the ASEAN. Cooperation of what?🤣

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