US to push entrepreneurship in Asia with roadshow

ENGAGING ASIA: "Commitment to innovation and entrepreneurship" is an advantage that both Singapore and the US enjoy, says Secretary of State Kerry.


    Aug 05, 2015

    US to push entrepreneurship in Asia with roadshow

    THE United States will be rolling out an innovation roadshow across Asia to promote entrepreneurship, and its first stop is South-east Asia.

    "Commitment to innovation and entrepreneurship" is one comparative advantage that both Singapore and the US enjoy, its Secretary of State John Kerry said yesterday.

    He said the US intends to share this model with the rest of Asia by sending senior government economic officials, and chief innovation and technology officers from leading US companies to the region on a roadshow to show young entrepreneurs how to grow their businesses.

    They will also engage government officials on how to create a favourable environment for entrepreneurship and innovation.

    Speaking at the Singapore Management University, Mr Kerry, 71, said that trade, investment, clean energy revolution, growing the middle class and connecting these people to the global marketplace are the key themes underscoring the prosperity shared by the US and countries in the Asia-Pacific.

    "This is a moment of exceptional opportunity for the Asia-Pacific. We're nearing the completion of a historic Trans-Pacific Partnership agreement on trade...investing at unprecedented levels and promoting high standards when it comes to business practices," said Mr Kerry.

    "We're doubling down on clean energy and creating the right kind of growth...working together to upgrade education and grow the middle class," he added.

    In his 35-minute speech, Mr Kerry said that "economic policy is foreign policy and foreign policy is economic policy", and American business people are some of the best ambassadors the country has.

    The public address was jointly organised by the US Embassy, American Chamber of Commerce in Singapore and the US-Asean Business Council.

    Some 270 government officials, diplomats and SMU students attended the event.

    This was Mr Kerry's first trip to Singapore since his appointment as Secretary of State in 2013.

    He met Prime Minister Lee Hsien Loong and Foreign Affairs and Law Minister K. Shanmugam earlier in the morning.

    From Singapore, Mr Kerry would head to Kuala Lumpur for the Asean Regional Forum and wrap up his five-day visit to South-east Asia with a final stop in Vietnam from tomorrow to Saturday.