News Column

Biden: Asian Economic Growth in U.S. Interest

July 18, 2013
Joe Biden

US Vice President Joe Biden on Thursday stressed economic success in Asia is crucial to the United States as well as the global economy as he prepares to visit India and Singapore next week.

"We see this not as a zero-sum game. It's overwhelmingly in our interest that India continue to grow. It's overwhelmingly in our interest that China grow. It's overwhelmingly in our interest that the world economy grow," Biden told the left-leaning Center for American Progress think tank in a speech at George Washington University in Washington.

"We believe that Asia's success is fundamentally linked to ours," said Biden, who is scheduled to visit India and Singapore next weeek.

Biden praised the progress made so far in crafting the Trans-Pacific Partnership trade deal that would bring together Asian and American nations and which he said the US hoped to complete this year. He said growth must be bolstered by fewer barriers at borders and by ensuring that everyone plays by the same rule.

He dismissed concerns that the US focus on Asia would come at the detriment of its ties with Europe.

"Our engagement with the Pacific is in the overwhelming self-interest of Europe," Biden said, noting there was no reason that a large power like the US could not engage more than one region.

Biden will arrive in India on Monday and travel on to Singapore. He will return to Washington on Sunday.

For more stories covering politics, please see HispanicBusiness' Politics Channel

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH