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Article 19



PM: US must balance concerns and gains

Jean Chua In Washington
380 words
15 July 2005
Business Times Singapore
English
(c) 2005 Singapore Press Holdings Limited

China, India ascendancy causing political ground pressures in US

MANAGING political ground pressures within the United States regarding the rise of India and China while keeping an eye on mutual long-term benefits will be one of the most important issues the Bush administration has to deal with, said Singapore Prime Minister Lee Hsien Loong.

Speaking to Singapore reporters at Capitol Hill after meeting US senators and congressmen on Wednesday afternoon, Mr Lee said officials in the administration are concerned about China, security and the strategic developments in Southeast Asia. While understanding the need to be engaged in a changing region, the administration is also facing political ground pressures.

'There are issues which are troubling the (US-India-China) relationship, and there are political ground pressures within America which have to be addressed,' Mr Lee said. 'And the question is how to manage these while keeping an eye on the long-term benefits which the countries can gain, and which, in fact, the whole of Asia depends upon.'

China-US ties have been strained recently by issues such as the trade imbalance between the two, textile exports and possible tariffs to be slapped on Chinese exports to the US, and CNOOC's bid for Unocal, which have all become political and emotional hot potatoes.

On Wednesday, the US Commerce Department said the US trade deficit with China rose to US$15.8 billion, the third largest on record. This gap made up about a quarter of the entire US deficit that month.

At the same time, US and China agreed in Beijing on Tuesday to set up cooperation mechanisms for prosecuting those who violate intellectual property rights. There was, however, no breakthrough in talks over textile exports.

Mr Lee also reiterated the importance of security and defence cooperation between Singapore and the US, a day after signing a Strategic Framework Agreement with US President George W Bush at The White House. He described the pact as 'a big plus' for Singapore.

The Prime Minister will be in Las Vegas for the final leg of his US trip on Thursday and will visit the biggest casinos in the city as Singapore prepares to build two integrated resorts of its own.

Document STBT000020050714e17f0000s


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