Early signs of strain as Malaysia's export sector braces for 25% US tariff
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CNA
6 hours ago
- CNA
South Korea seeks mutually agreeable US trade package as Aug 1 tariff deadline looms
SEOUL: South Korea will prepare a trade package that is mutually agreeable with the United States ahead of minister-level meetings planned next week and a US tariff-pause deadline of Aug 1, the presidential office said on Saturday (Jul 26). The package will include shipbuilding cooperation, a sector of high interest to US Commerce Secretary Howard Lutnick, who discussed the matter with South Korea's Industry Minister Kim Jung-kwan on Friday, it said in a statement. Friday's meeting was a follow-up to a meeting on Thursday, where Lutnick and Kim reaffirmed their commitment to reach a trade deal by Aug 1, after a joint meeting of finance ministers and top trade envoys that had been scheduled for Friday was postponed. South Korea, facing 25 per cent tariffs, is rushing to reach a trade deal with Washington, with National Security Adviser Wi Sung-lac visiting the US recently for high-level talks and Minister for Trade Yeo Han-koo also in the US for negotiations, as pressure grows on officials to clinch a deal that is no worse than Japan's that cut tariffs to 15 per cent. South Korea's trade negotiations with the US have included non-tariff barriers in the agricultural and digital service sectors, but foreign exchange has not been part of trade talks beyond usual consultations, according to South Korean officials. US President Donald Trump arrived in Scotland on Friday for bilateral talks with European Commission President Ursula von der Leyen on Sunday, which could yield a trade deal with the European Union, after making a deal earlier this week with Japan and the Philippines. Next week, US officials will hold a new round of trade talks with China in Sweden for an extension to a separate deadline of Aug 12 set between the two countries. South Korea's Finance Minister Koo Yun-cheol and Foreign Minister Cho Hyun will also hold meetings with US Treasury Secretary Scott Bessent and State Secretary Marco Rubio, respectively, next week.
CNA
7 hours ago
- CNA
ASEAN nations can overcome space, disaster constraints in pursuit of nuclear energy: IAEA chief
SINGAPORE: As Southeast Asian nations grow their ambitions for nuclear energy to meet rising power needs and climate goals, obstacles such as natural disasters and geographical limitations can be addressed, the director general of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi said on Friday (Jul 25). Member states of the Association of Southeast Asian Nations (ASEAN) must also disseminate more information to tackle public perceptions of nuclear energy that are influenced by past nuclear disasters such as the 2011 Fukushima incident, the head of the United Nations nuclear watchdog said in a media interview. Mr Grossi was in Singapore on Friday as part of the S R Nathan fellowship, a high-level programme for foreign leaders and prominent individuals to visit the country. As part of his visit, Mr Grossi met President Tharman Shanmugaratnam and Prime Minister Lawrence Wong, and delivered a lecture hosted by the Singapore Nuclear Research and Safety Institute (SNRSI) at the National University of Singapore. Mr Grossi and Minister for Sustainability and the Environment Grace Fu then signed a renewed agreement to help developing nations build nuclear expertise through fellowships, scientific visits and training courses. Speaking to local media after the day's activities concluded, at the Shangri-La Hotel, Mr Grossi reiterated his belief that Singapore is well-placed to adopt nuclear technology as the city-state faced "no insurmountable challenges". "Singapore is a very special case, because this country, it has a fine technology base in general ... it has a mature regulator, nuclear regulator. It has very good nuclear safety research capabilities," said Mr Grossi, adding that the "institutional pillars" that are typically necessary in a newcomer country were present. "I think all of this groundwork has been done here. So in my opinion, when the country, the government, decides to move into a programme, it will be relatively fast," he added. "I don't see, as I said, any obstacle. In some countries, it will be the finance - impossible - or the lack of human capacity, workforce, you don't have those problems in Singapore. This is why I was saying at the beginning of our conversation that there are many steps, many boxes that have been checked already in Singapore." That said, Mr Grossi noted that Mr Wong and Mr Tharman had stated to him during their meetings that no decision had been made regarding the deployment of nuclear energy here. At the same time, the country has been taking steps to expand its research into nuclear safety, including the establishment of SNRSI earlier this month to further studies into this area. Singapore's renewed agreement with IAEA would also enable international nuclear experts to gather in the country to conduct capacity building activities for nuclear research, which will also benefit participants from Singapore. Nuclear power presents a potential source of clean energy and the advancement of nuclear technology, especially in the area of small modular reactors (SMR), makes it a potential option as Singapore works towards decarbonisation. In 2012, the government said that a pre-feasibility study concluded that nuclear energy technologies available at the time were not suitable for deployment as the risks still outweighed the benefits for a small and dense country like Singapore. Answering another question about Singapore's geographical limitations, Mr Grossi said that the lack of space was not a negative factor. "In case there was a deployment here, even within a limited geographical space ... there would not be any problem to have precautionary measures of any type. These measures include protocols and procedures on what to do in the event of an accident, Mr Grossi said. "The idea that introducing nuclear power generates an immediate risk ... is not sustained by reality. Of course, any technology - and nuclear is not an exception - entails risks," said Mr Grossi, adding that risks should be managed and reduced to a minimum. Asked to elaborate on why he did not see space as a limitation, Mr Grossi said that the underlying assumption was a "worst-case scenario". "I would say that, if this is the criterion, other industrial activities ... will also have negative effects in a relatively constrained space like the one here. This is why there are specific plans for that. "Let me put it this way, any geographical space is limited in some way. When you have a nuclear power plant in China, for example, of course, the country is huge, but the vicinity of the plant would also ... be affected," he said. 03:05 Min ASEAN'S AMBITIONS FOR NUCLEAR ENERGY Singapore is not alone in exploring nuclear power within the region. There are currently no operational nuclear reactors in Southeast Asia, but countries like the Philippines and Indonesia have set targets to operate nuclear power plants in the early 2030s. Nevertheless, these regions are also prone to earthquakes, which are one of the many factors the IAEA takes into consideration when dispensing advice on where to situate nuclear plants. "The IAEA has services specifically oriented at that. Where are you planning to build your nuclear power plant? And here, what comes into play is the geological situation of a place, the access to water with a number of things," Mr Grossi said. An intergovernmental organisation, the IAEA works with member states to promote the safe and peaceful use of nuclear energy. Singapore has been a member state since 1967. "The IAEA has expertise and people who are specialists in this concept called siting. So this is a very major element," Mr Grossi added. Asked if the IAEA considered a nation's political stability a key factor in letting it pursue nuclear technology, Mr Grossi replied that it was every country's "sovereign right" to decide whether it wanted to engage in a nuclear programme. However he noted that countries undergoing political turmoil would not usually engage in something that required much planning and institutional effort. Mr Grossi also said that it is up to the individual ASEAN nations to decide whether to explore nuclear energy alone without any collaboration with other countries. That said, bilateral partnerships are also possible. He referred to the example of the Krsko power plant in Slovenia, which supplies energy to both Slovenia and Croatia. This showed how two relatively small countries agreed to situate a nuclear plant in one country but split energy between both, he said. "You can imagine as many arrangements as the countries would like. Here, there is no pre-baked solution. It will depend if there is a will. So it is a dialogue that perhaps countries in ASEAN might wish to have." PUBLIC NEEDS TO BE INFORMED Mr Grossi also spoke of the importance for governments and the region to disseminate more information and for the public to familiarise itself with nuclear technology. "The reality is that all the ASEAN governments are approaching the agency and telling me that they want nuclear energy ... so there is a lot of interest in the area," said Mr Grossi. "It is clear that we have 60 years of nuclear experience in the world, that more than 400 reactors are operating in the world without problems." "So in my opinion, it would be good to do more, to do more information sharing, campaigns of education, dissemination of this information because it's true that the public perceptions may still be influenced by a certain inertia from past examples." The Fukushima incident, for instance, has "left quite a strong impression in some layers of society", he added, referring to the 2011 nuclear power plant meltdown in Japan's Fukushima prefecture. To address such fears, Mr Grossi said transparency was key. He added that a lot of wastewater has been treated and discharged in a controlled manner. "So, so far so good ... But we are going to continue. I said that the IAEA will be present until the very last drop of this water. "So this is, I think, a way to prove that we are there, that we are not going anywhere." On how the IAEA will strike a balance between being an authoritative power and maintaining global nuclear security when nuclear programmes were of political sensitivity, Mr Grossi said that the "best and most important element" was to work within the "family of nations" in the IAEA. "Every country that is operating normally and safely and with no proliferation concerns is a member of the IAEA ... receives the inspections, does the safety and security reviews, participates actively in the regulatory activities, countries that have transparency." Asked to rate how prepared ASEAN was to adopt nuclear energy at this point, Mr Grossi declined to give a score. "There is no such thing as an ASEAN energy output, because the countries are part of what ASEAN is but there is a huge difference between Myanmar and Singapore, or between Vietnam and Thailand.
CNA
10 hours ago
- CNA
China's Premier Li Qiang proposes global AI cooperation organisation
SHANGHAI: Chinese Premier Li Qiang on Saturday (Jul 26) proposed establishing an organisation to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology. Speaking at the opening of the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li called AI a new engine for growth, but added that governance is fragmented and emphasised the need for more coordination between countries to form a globally recognised framework for AI. The three-day event brings together industry leaders and policymakers at a time of escalating technological competition between China and the United States - the world's two largest economies - with AI emerging as a key battleground. "Currently, overall global AI governance is still fragmented. Countries have great differences, particularly in terms of areas such as regulatory concepts, institutional rules," Li said. "We should strengthen coordination to form a global AI governance framework that has broad consensus as soon as possible," he said. Washington has imposed export restrictions on advanced technology to China, including the most high-end AI chips made by companies such as Nvidia and chipmaking equipment, citing concerns that the technology could enhance China's military capabilities. Despite these restrictions, China has continued making AI breakthroughs that have drawn close scrutiny from US officials. Li did not name the United States in his speech, but he warned that AI could become an "exclusive game" for a few countries and companies, and said challenges included an insufficient supply of AI chips and restrictions on talent exchange. China wanted to share its development experience and products with other countries, especially those in the Global South, Li said. WAIC is an annual government-sponsored event in Shanghai that typically attracts major industry players, government officials, researchers and investors. Tesla CEO Elon Musk, who has in past years regularly appeared at the opening ceremony both in-person and via video, did not speak this year. Besides forums, the conference also features exhibitions where companies demonstrate their latest innovations. This year, more than 800 companies are participating, showcasing more than 3,000 high-tech products, 40 large language models, 50 AI-powered devices and 60 intelligent robots, according to organisers. The exhibition features predominantly Chinese companies, including tech giants Huawei and Alibaba and startups such as humanoid robot maker Unitree. Western participants include Tesla, Alphabet and Amazon.
