SINGAPORE—Vice President Kamala Harris made the case for the U.S. to strengthen its financial ties with Southeast Asia throughout a two-day journey to Singapore, the place she confused the necessity to work with international locations to ease supply-chain constraints as a surge of Covid-19 circumstances has hit factories within the area.
Ms. Harris stated Tuesday she mentioned the supply-chain issues extensively with Prime Minister Lee Hsien Loong throughout their bilateral conferences. She additionally held a roundtable with enterprise leaders within the nation, which included representatives from chip maker GlobalFoundries Singapore Pte. Ltd., 3M Southeast Asia Pte. Ltd. and Procter & Gamble Co., to debate methods to make use of the financial restoration from the Covid-19 pandemic as a possibility to bolster supply-chain resiliency between the U.S. and the area.
“There’s a lot specifically concerning the pandemic that highlighted the fractures, and the failures and the fissures in our system,” Ms. Harris stated within the assembly. “And this second provides us the chance then born out of disaster to really repair and discover options to long-term points which have challenged us.”
The Biden administration has been working to handle a world semiconductor scarcity, which has prompted manufacturing slowdowns in merchandise from home equipment to computer systems and vehicles. A surge in Covid-19 circumstances within the largely unvaccinated area has additionally led to lockdowns in international locations together with Vietnam, Thailand and Malaysia—main exporters of electronics and different items—that compelled manufacturing unit closures and additional disrupted international provide chains.
The vp’s emphasis on partnering with international locations in Southeast Asia on supply-chain issues can also be a part of the administration’s efforts to reaffirm its engagement within the area, as China seeks to increase its influence and increase its claims within the South China Sea.
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