Biden to host summit that focuses on supply chains, migration, new investment
abcnews.go.comPresident Joe Biden on Friday welcomed leaders from countries across the Americas to an economic summit by pledging to increase U.S. investment in the region in part to counter China’s influence
WASHINGTON — WASHINGTON (AP) — President Joe Biden on Friday welcomed government leaders from countries across the Americas to an economic summit by pledging to increase U.S. investment in the region in part to counter China's influence.
The U.S. president did not specifically mention China in his opening remarks at the first Americas Partnership for Economic Prosperity Leaders’ Summit. But Biden openly alluded to the country that has emerged as a chief geopolitical competitor to the United States that has offered development loans to countries in the Western Hemisphere.
“We want to make sure that our closest neighbors know they have a real choice between debt trap diplomacy and high quality, transparent approaches to infrastructure and to development,” Biden said. “By combining the commitment of the United States government to mitigate investment risk with the agility of private sector financing, we believe we can deliver gains for workers and families throughout the region.”
Among the other topics being discussed at the summit are migration, supply chains and efforts geared toward environmental sustainability.
Along with Biden, officials from Barbados Canada, Mexico, Chile, Colombia, the Dominican Republic, Costa Rica, Ecuador, Peru, Uruguay and Panama attended summit events.
Friday’s event was announced last year at the Summit of the Americas in Los Angeles. The focus on trade comes as competition has intensified between the United States and China, the world's two largest economies. Biden, a Democrat, has provided government
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