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World

US raises concerns by Micron, Intel with China ahead of export control meeting


US Commerce Secretary Gina Raimondo discussed concerns about restrictions on American businesses including Intel and Micron with Chinese Commerce Minister Wang Wentao on Monday in a meeting where the two countries also agreed to launch an export control enforcement information dialogue.

The pair also discussed China’s restrictions on gallium and germanium exports in wide-ranging and candid talks that lasted more than two hours, followed by a two-hour lunch, according to a brief comments from Raimondo and the Commerce Department.

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Raimondo wants to address concerns from US businesses that are having difficulties operating in China. “We’re delivering. We will have that formal communication,” she said in a meeting with business officials.

She is the latest Biden administration official to travel to Beijing in an effort to strengthened communications, particularly over the economy and defense, as the economic friction between the world’s two largest economies threatens to shake business relationships on both sides.

Raimondo told reporters that she had discussed concerns over China’s effective ban on purchases of Micron Technology memory chips with her Chinese counterpart.

Shares of Micron rose 3 percent and Intel was up 1.4 percent in early trading on the news, first reported by Reuters.

As part of the discussions, Washington and Beijing also agreed to a new formal working group on commercial issues as well as the informational exchange on export control enforcement, the US Commerce Department said.

The launch of the exchange would provide a “platform to reduce misunderstandings of US national security policies,” Raimondo said, adding: “We are not compromising or negotiating on matters of national security. Period.”

The first in-person meeting of the export control information exchange will be led on the US side by Assistant Secretary for Export Enforcement Matthew Axelrod at the Ministry of Commerce, in Beijing, on Tuesday, Raimondo added. A senior official said the exchange will meet at least yearly and emphasized it is not a policy dialogue but an effort for both sides to answer questions about how export controls work.

“We’re not negotiating what our policies are going to be,” the official added.

“The United States is committed to be transparent about our export control enforcement strategy,” she said. “To show you how real this is, the first meeting of that new information exchange is tomorrow in Beijing. We’re wasting no time.”

China has criticized US efforts to block China’s access to advanced semiconductors through export controls, but Raimondo has said those are not open for debate.

The White House this month moved to start prohibiting some US investment in sensitive technologies in China and plans to soon finalize sweeping export restrictions on advanced semiconductors adopted in October.

Earlier this year, Raimondo said more than 200 Chinese companies had been put on a US export control list and has repeatedly said she not hesitant to use the power as necessary.

The new commercial issues working group is a consultation mechanism involving US and Chinese government officials and private sector representatives “to seek solutions on trade and investment issues and to advance US commercial interests in China,” Commerce said in a statement following the two officials’ meeting.

The working group will meet twice annually at the vice minister level, with the United States hosting the first meeting in early 2024.

The United States and China also agree to convene subject matter experts from both sides for technical discussions “regarding strengthening the protection of trade secrets and confidential business information,” Raimondo said.

Commerce also held discussions with the Chinese National Bureau of Statistics that it is in the interest of US businesses and enacting good policies to have accurate and reliable data, another US senior official said.

Read more: Blinken addresses chip industry, supply chain concerns after China visit

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Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

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At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

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US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM

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