On July 16, 2019, the US House of Representatives passed the “HR 526 Cambodia Democracy Act,” also known as the Cambodia Democracy Act of 2019. It was passed based on misleading information and even worse, ill-intention, ignoring the genuine democratisation process in Cambodia. In fact, it should be called “Hypocrisy Toward Cambodia Act”.
To say that the government has closed the door after the horse has bolted would be an understatement in relation to the urgency of Cambodia’s skills gap.
The Indo-Pacific initiative is the first attempt of Asean countries to ensure that its centrality is intact by setting a code of conduct in its collective effort to contain the rise of big powers in the region.
The US administration’s new tariff threats against Mexico and India show that the US has a tendency to expand its range of trade frictions with other countries. This has undoubtedly created further impact on the global capital market.
The G20 summit, which ended in Osaka last week called for fairer and more inclusive trade arrangements with the backdrop of China and the US calling a truce to their ongoing trade feud and with other countries calling for freer trade.
The resolute determination of the various Asean leaders calling for the swift conclusion of the Chinese-led Regional Comprehensive Economic Partnership (RCEP) by the end of the year suggests that China has taken the lead in geopolitical leadership in the region from the US.
The Shangri-La dialogue ended without much reassurance about the heightening tensions between superpowers China and the US in South China Sea, leaving it as a hotbed of contestations.
The Shangri-La Dialogue that ended last week dominated the heightening tensions between the US and China on both the economic and military fronts which is a deep source of regional anxiety in the Asia-Pacific region.
Taiwan declared it will continue its “humanitarian” search and rescue work in South China Sea, where it possesses the largest of some 500 islets.
Financial markets across many developing nations are struggling to attract capital amid the ongoing trade stand-off between China and the US.