Moscone Center, San Francisco, California
San Francisco, California
The following report highlights the remarks made by the Vice President at the APEC Business Advisory Council meeting held at the Moscone Center in San Francisco, California. The report emphasizes the importance of the Sustainable Development Goals (SDGs) throughout the Vice President’s speech.
THE VICE PRESIDENT: Thank you, Dominic, for your leadership and for the work that you have been doing as the head of the APEC Business Advisory Council and all you have done throughout your career to lift up so many communities.
Good afternoon to everyone. And welcome to all the APEC leaders and the CEOs who are here. As Dominic mentioned, in Singapore two years ago, I had the privilege of announcing that the United States intended to host APEC in 2023. And then last year, as I represented the United States in Bangkok at APEC, I announced that San Francisco would be the host city. And today, it is my privilege, then, to warmly welcome all of you to my home state of California.
Commitment to the Indo-Pacific Region
As Vice President, it has been my honor to work with many of you across my four trips to the Indo-Pacific and dozens of bilateral and multilateral meetings and summits. And this week, we continue with these important conversations.
The Indo-Pacific region is critical to the security and prosperity of the American people, and the United States has an enduring commitment to the Indo-Pacific, including a vital interest in promoting a region that is open, interconnected, prosperous, secure, and resilient.
As Joe Pr- — Joe Biden has said and made clear, the Biden-Harris administration is committed to strengthening our multilateral engagement in the region, including through APEC.
In addition, APEC economies represent significant opportunities for the American economy. These relationships expand our ability to increase markets for U.S. exports, to create jobs in the United States, and to build inclusive economic growth. Of all the goods that the United States exports, more than 60 percent go to APEC economies, and APEC economies represent more than 60 percent of the world’s GDP.
APEC also plays an important role to strengthen international economic rules and norms, to promote free and fair markets, create predictability and stability for our companies, and to protect workers’ rights.
The Biden-Harris administration has also emphasized public-private collaboration both domestically and internationally. When we combine the expertise and the experience of the private sector with the reach and capacity of the public sector, we unleash economic growth and opportunity that far exceeds what either the private or public sector could achieve on its own.
From Tokyo to Singapore to Silicon Valley, I have convened CEOs on issues that range from supply chain resilience to the growth of semiconductor production facilities.
I have also led partnerships with the private sector focused on economic opportunity in northern Central America and climate resilience and digital inclusion on the continent of Africa. This type of collaboration between the public and private sectors is essential — essential to drive our economies forward in a way that invests in innovation, strengthens economies, and uplifts the human condition.
American Economic Growth
Since the start of the Biden-Harris administration, we have incentivized Indo-Pacific companies to invest nearly $200 billion in the United States. Under President Joe Biden, we have record job creation, a revitalized manufacturing industry, resilient consumer spending, and unprecedented small-business creation.
History has shown that the United States has been an engine of global economic growth, and this will continue. And of course, the entire Indo-Pacific benefits.
In fact, American businesses are the largest source of foreign direct investment in APEC economies; they invest more than six times the amount of any other country.
And today, President Biden announced that U.S. companies have committed an additional $50 billion of investment in the APEC economies, ranging from digital infrastructure to clean energy.
Key Topics for Discussion
This week, we will also discuss mutual challenges and opportunities for our economies, including the climate crisis, the economic empowerment of women, and artificial intelligence.
The climate crisis is without a doubt an existential crisis that requires urgent action. The President and I have worked to execute the most aggressive climate agenda in American history as part of our global commitments. Over the last three years, we have dedicated $1 trillion to build climate-resilient infrastructure and foster a clean energy economy.
And to all here I say: Our collective ambition must meet this moment. There is much more work for us to all do and for the governments and companies that are represented here today.
Economic Empowerment of Women
Regarding the economic empowerment of women: When we lift up the economic status of women, we lift up the economic status of children, families, and all of society benefits. The United States proudly launched APEC’s focus on this issue during our last host year, which was in 2011. It remains a priority for us.
To that end, earlier today, I announced more than $900 million of public and private investments to launch the Women in Sustainable Economy Initiative. And in the past eight months, I have partnered with the private sector and philanthropies to generate more than $2 billion to economically empower women around the world.
On the issue of artificial intelligence, which has without any question the potential to do great good and the potential to do harm, it is important that we work together.
Earlier this month, I met with many leaders in the United Kingdom to lay the groundwork on the future of AI. As I outlined there, leaders from government and the private sector have a moral, ethical, and societal duty to make sure that AI is adopted and advanced in a way that is in service of the public interest.
We must address the full spectrum of risks, from bias and discrimination already being experienced by individuals and communities to the catastrophic risks that could endanger all of humanity. The Biden-Harris administration is taking steps to address all these risks in a way that will not stifle innovation. It is my intention that the approach I laid out in the United Kingdom can help guide the discussions today.
Commitment to Workers
In each of these areas and across our economic agenda, our commitment to workers at home and abroad
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 10: Reduced Inequalities
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries.
- SDG 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation.
- SDG 9.1: Develop quality, reliable, sustainable, and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being.
- SDG 10.2: By 2030, empower and promote the social, economic, and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.
- SDG 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.
- SDG 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator 8.1.1: Annual growth rate of real GDP per capita
- Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex
- Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road
- Indicator 10.2.1: Proportion of people living below 50 percent of median income, by age, sex, and persons with disabilities
- Indicator 13.1.1: Number of deaths, missing persons, and directly affected persons attributed to disasters per 100,000 population
- Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the sustainable development goals
SDGs, Targets, and Indicators Table
|SDG 8: Decent Work and Economic Growth||8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries.||Indicator 8.1.1: Annual growth rate of real GDP per capita|
|SDG 8: Decent Work and Economic Growth||8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation.||Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex|
|SDG 9: Industry, Innovation, and Infrastructure||9.1: Develop quality, reliable, sustainable, and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being.||Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road|
|SDG 10: Reduced Inequalities||10.2: By 2030, empower and promote the social, economic, and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.||Indicator 10.2.1: Proportion of people living below 50 percent of median income, by age, sex, and persons with disabilities|
|SDG 13: Climate Action||13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.||Indicator 13.1.1: Number of deaths, missing persons, and directly affected persons attributed to disasters per 100,000 population|
|SDG 17: Partnerships for the Goals||17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources.||Indicator 17.16.1: Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the sustainable development goals|
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