activities in san francisco. at the end of my briefing, we will hand out some slides that give that detailed information for you all to draw upon. asia-pacific economic forum is the premier location for discussion and negotiation and pushing the agenda for economic integration in the asia-pacific region. this is a critical for the u.s. government. the asia-pacific is the growth center of the planet. as mayor lee out line, apec represents more than half of the global economy, almost half of the population in the world. the united states needs to link our economy more closely to the asia-pacific economy in order to experience the kind of growth we want to have in the future. in that regard, there is a very important aspect that i want you to take home and understand today. it is also the most open forum

for private sector participation that exists on the planet. there are multiple opportunities throughout the discussions for private-sector people to participate directly in the dialogue that takes place within apec and also to provide ideas and have influence on the outcomes, which we hope to achieve through the course of the year. we have outlined three themes for apec in 2011. being host of apec also means that we are the chair. that mean we set the agenda and the side what proposals are -- decide what proposals are put on the table and then tried to bring around the other economies to our point of view. they also offer their perspectives and we negotiate out, which will hopefully drive for the substantive policy agenda. the three we have outlined for the year are strengthening regional economic integration and standing trade. of course, the central purpose

of a pack as an organization. green growth and regulatory cooperation. on the regional economic peace, the most important agenda for the year is deciding upon a set of next generation invest in issues. figure out strategies for pursuing those in the future. many of you are aware that the u.s. is currently negotiating a free-trade agreement with apec economies. it is called the trans-pacific partnership. that agreement builds upon the u. s-career free trade agreement -- u.s.-korea free trade agreement. apec has adopted this next- generation trade agenda. we hope to use apec to socialize

these ideas, get broader agreement about the importance of the agenda, and seek to drive the operations of regional economic operations. in the green growth area, we are also putting an emphasis on trade with specific proposals on trade and environmental goods and services, specific issues like manufacturing, and demonstration of vehicles. we are pushing an agenda on the elimination of fossil fuel subsidies, on combating illegal forestry. a rich again on the green growth fund. finally, on enhancing regulatory cooperation, we are looking for economies to establish a framework with us for identifying all opportunities for regulations to be brought closer together on monday apec economies at an earlier stage in order to avoid the trade barriers. back to the meetings themselves. we have four rounds this year.

the u.s. took a strategy of squeezing everything into four rounds. japan had over one dozen last year. we found that that resulted in a lot of travel. we started in washington. tomorrow morning, i will be going too big sky, montana for our second round. our biggest round, preliminary to the leaders meeting in november in hawaii, is the one here in san francisco. two weeks packed with a number of important meetings, high- level meetings, and the degree of private sector participation is the highest in our set of san francisco meetings. we realize the bay area, in particular, has such a rich body of u.s. companies. it is also an area of great interest to foreign companies as well. we expect strong attendance from the private sector from overseas

and also hoping to get a lot of for dissipation from the bay area private-sector. to outline the offense -- and you will get a hand out with this -- on september 13 and 14, there will be an energy transport ministerial conference, cochaired by secretary to from the energy department, secretary lahood from the department of transportation. this is a unique event. by bringing these two sets of government officials together, energy efficiency and transportation officials, we hope to set a new agenda in the region for energy-efficient transportation. we have a lot of interest in this opportunity. from september 14 through 17, the women in economies summit. this is such an important event. my boss, secretary clinton, will be chairing it. but it is also a unique

opportunity for apec to set the agenda for how the economies of the region should endeavor to increase women on entrepreneurship and women's participation director region. we expect this set of meetings to result in a set of findings which will then be in north by the leaders in hawaii to establish a new understanding throughout the region on how to pursue issues in this area. lorraine is going to give you a more detailed briefing on the meeting in a moment. another one to highlight is the health systems innovation dialogue on september 16 and 17, which will also involve senior government officials as well as private sector officials, the focus on public health challenges, as well as strengthening health systems and how they operate. the secure trade in the apec region conference will be held

on the timber 18 and 19 with a focus on supply chain connectivity and making trade secure at the same time as making its move and effective. high-level meeting on innovation trade and technology will take place on timber 19 and 20. it is particularly a corporate for the bay area because of the strong i.t. sector in this region. we expect a lot of private sector participation in this opportunity, which will focus on establishing a set of principles for the proper handling, proper policies surrounding information technology and the asia-pacific region. there will be a senior disaster management officials forum on september 21 and 23. this will get above normal attention, i believe, because of the tragedies which recently happened in japan and other countries in the region. we are hearing a lot of interest from around the apec region to redouble the efforts of the

organization on disaster preparedness and response. finally, i wanted to highlight the senior official meeting. this whole process of the senior official meeting happens on september 25 and 26, where we will wrap up all of these conclusions and try to package them up and have them ready for the apec leaders in hawaii. so really, a broad agenda. i hope i have been able to convey a sense -- private sector participation is extremely welcome. a broad, long agenda. there are opportunities for all of you to get involved and participate. so thank you for this opportunity. thank you to the museum for hosting us in this location. i look for to discussion with you all later. thank you. [applause] >> thank you. i also want to thank the mayor

and city of san francisco, as well as the state of california, for being the host of this briefing, as well as for the women in the economy summit, which we also call the wes. i am really a california girl, despite my new york accent and federal title. i spent 25 years in the bay area. i worked with echelon. this is a great opportunity for me to be involved with all of my old friends and to make this event a world-class success. i am also pleased to be due -- joining our ambassador for women's issues. most notably, secretary clinton, who will be here to

lead the women in the economy summit, which happened on september 13 through 16. as many of you know, secretary clinton, her legacy issue is women economic empowerment. we are really delighted to have her here, putting the power of her focus on this event. it is a unique opportunity. as the ambassador mentioned, in keeping with the increased focus on private-public partnerships, wes will be the premier event to bring hundreds of private and public sector leaders focused on a dialogue that forces begin -- women's economic empowerment among the apec economies. wes will be developing a set of policy recommendations that will be delivered to the apec

economy leaders meeting scheduled in honolulu. the wes forum will integrate women more fully into the planning of apec and policy development. the event is designed for private sector leaders representing multinational corporations, sme's, academics, civil society, as well as senior government officials responsible for setting the international economic, trade, and sme policies together to put these recommendations together. secretary clinton will be the head of the high-level policy dialogue and she will also be delivering a keynote address to the entire community. she is, as we speak, reaching out to her counterparts in the economies around the asia- pacific community, as well as counterparts within the u.s.

cabinet to attend the event. as an outstanding example of our public-private sector partnership, the private sector has been intricately involved in putting together the summit. so we really want to thank cal apec, the host committee put together, and especially the bay area council, under the leadership of jim, who will speak in a minute. they have been and it indelible partner in the planning -- they have been an invaluable part in the planning of this event. as the u.s. private sector brings together commitments to the economic empowerment of women throughout the apec region. a steering committee, specifically for women and the economy summit, has been formed, two of the founding companies

are here. devry and mervell technologies. women play a powerful role in the global economy and within the apec region. women's participation in the labor force can increase the long-term gdp, and in relevant cases, reduce poverty. in many economies, increasing women's employment rate is beneficial to that process. for example, by increasing the u.s. female employment as equal, it would increase gdp in the u.s. by 9%. in the year rose done by 13%. in japan, 16%, according to a study from goldman sachs. so we are talking about women's

economic empowerment, not just in being the right thing to do. it is actually the economic effective thing to do. in that mind, our policy discussion focuses on access to capital, capacity and skills building, access to markets, and women's leadership. so we are really try to put an agenda together to improve the economic growth of the entire region through women's economic empowerment. some of our programmatic things that will leave it -- we will be talking about at the conference, a public-private partnerships, women in green jobs, financial inclusion, creating and empowering in garment, on general should, technology, innovation, and developing the next generation of leaders. as secretary clinton has said, if we decide, as society, governments and businesses, to invest in women and girls, we will strengthen our efforts to

fight poverty, drive development, and spread stability. when women thrive, families, communities, and countries thrive, and the world becomes a more peaceful and prosperous place. >> i am really looking forward i am really looking for to making this a world-class event, to involve you in all this. it is a community effort. thank you so much for being here today and for your continuing support. now i would like to invite our chief partner in making this event happened in the private sector. that is the ceo of the bay area council. [applause] >> thank you for the kind comments. mayor, thank you. you have been phenomenal. it has been great to listen to

you to hear why this will be special for your city. we do things big in san francisco. [applause] most of us, when you think about the bay area council, is great to see so many friends here. thank you, by the way, akiko. i think this is the right place to be holding this event. we think about the work that the council does on renewable transportation, energy, water, and stuff like that, but some of you probably do not know in 1945, the council was founded by the leaders at the time, gov. earl warren, stephen bechtel. the first act was to think about what would happen in the postwar economy to make san francisco

and the bay area thrive. san jose had a population of 45,000 people. it has changed a little bit. the vision of some of these people have led to the bay area that we know today. hopefully for the better. the first act was to bring you and delegates here to sign a charter. here we are 66 years later. it is in our blood for the bay area council to have formed cal apec. they were the group to convince world leaders to come here to discuss the most important issues of the day. we are honored that you have chosen san francisco for the spirit we plan to do you proud, mr. ambassador, members of our team at the state department. this is exciting stuff for the bay area council and we will be behind it all the way. improving our global competitiveness as a region is

what the bay area council is all about. everything we do is all about that. for that reason, having aipac here in san francisco, it is kind of like nirvana and to members of the bay area council, who is a global company. we are pleased that you made the announcement earlier that we would be selected to do this. now we just have to make it happen. just a couple of data points. california businesses combined $300 billion with their counterparts and apec economies. of course, more than any other state. we have two-way shipping. we are a gateway for merchandise shipping. california has the most foreign-direct investment from apec economies than any other state. so we are in the middle of this.

these meetings are absolutely vital to the future of the city and future of the region. we could not be more excited to have you here. for recently, we learned about something that was even more exciting. we learned there would be an absolutely phenomenal women's economic summit that would become the leader of the meeting that will be happening in san francisco. none other than our secretary of state -- hillary clinton -- is leading the effort and making it her mission to empower women as not only part of the u.s. economy, but world economy. that is something that is very special, here in california, and san francisco. our representatives in the u.s. senate, barbara boxer and dianne feinstein, women, minority leader, former speaker of the house of representatives, nancy

pelosi. go up and down the peninsula, sacramento -- women, women. we do not just enable women to lead in the bay area, we cherish their leadership. it is very special and important to us. having this in san francisco is going to be a big deal. we are not just going to welcome it, we are going to make it happen in a big way. we are going to count our on our friends here in city hall to do et like none other. when it comes to being on the world stage, i think that we are going to leave that to charlotte to figure it out. we will just help them make it happen, the way we think we can do. our belief is the success of women in world economies is going to be the success of the world economy. that is how important this is. lorraine provided some of the

statistical background to indicate what happens to gdp when women play a role. as the leaders of a ceo organization like the bay area council, i think we can do more to make women ceo's and to support them, support them as often hours. it is not going to be enough to talk about the policies. it needs to be put in place, to make women succeed in the economy. that is going to highlight the successes in this country and in the apec economies. i will not go through the list of things under consideration. you will be very excited to think about who is going to be coming to san francisco and what is going to be the topic of conversation. so get excited about what is to come. of course, to make this happen, do it in the right way, we are not going to be able to do it without your support. many of the leaders from the bay

area are here today. you will be hearing from one of them in a few moments. i want to thank the sat and chevron, both of whom are represented today. many other companies, we are and will be reaching out to you to help sponsor and make this successful. folks will be here, le nations t to cisco. we have to do this right. we will be reaching out to you on that basis. when you think about the women's economic summit, there is an individual in the bay area that personifies what this is all about. she was born in shanghai, went to university here in the bay area, and came to be the co- founder of one of the top companies in the area, marvell technologies. i have got to know her and have watched her and her husband

about the business. not only do they do good business, they are absolutely powerful stalwarts for the greater civic community of the region. it is just phenomenal the work you are doing. you said a wonderful example. we are ready to lead on this thing. so without any further ado, let me introduce the co-founder of marvell. i think you will see, she is much more than that. when she is finished, i will come back and moderate a few questions from the media, if you have them. thank you all. [applause] >> thank you, jim, for your kind words. it is all about teamwork. good morning. so happy to be here today. i am the co-founder of marvell

technologies. are among the top three semiconductor companies in the world. it is my honor to be part of this year's apec meeting. especially the women in the economy summit. first of all, i want to thank secretary clinton, ambassador tom, the state department staff, for their leadership for promoting greater operations between the u.s. and asia- pacific. developing better trade channels in asia is very critical for the future of the u.s., calif., and many technology companies in the silicon valley. i was born in shanghai and came to this beautiful city of san francisco over 30 years ago with very little english language skills. and then i met my husband, who was born in jakarta, indonesia, over 30 years ago, and we got a

great indication from uc berkeley, and built from the ground up, hard work and dedication, passion, and that is how, 16 years later, why we are proud to have such a high-tech company. we created over 3000 jobs in the u.s.. the rest total about 6000 people globally. we are very proud for the u.s. leadership in the high-tech industries and we believe the u.s. is the best innovating country, center of the world. let's continue to support and make sure we maintain that leadership. we greatly value of our existing policy within the apec economies, and hope to continue to foster these relationships through meetings and minutes summit. i hope that i can also share my

experiences to encourage women around the world on this effort. at this summit, we will be focusing on the high-tech industry. on my side, perhaps i can share some experience regarding high tech, and we can collaborate with educators, government, to advance women in technology. together, we grow the global economy together. i encourage my fellow women executives from around the bay area to join us for this very and important world changing movement. thank you very much. [applause] >> perhaps i could ask the speakers to come back up and we can take some questions, if you have them. are there questions from the media? >> [inaudible]

>> the objective on that agenda item is consistent with our work within the g 20. to help the economy is identified the range of policies which the current a follow, producer subsidies, consumer subsidies writ large. to determine for themselves which of those subsidies do not make sense economically and figure out ways to target more nearly so that they have the social impact that is desired. often, the economies of the region are seeking to make basic energy costs less expensive for low-income people.

but they utilize policies which are more expensive and ends up contributing to wasteful consumption of the excesses -- excessive amounts of energy. the idea is to help economies figure out how to design better policies through benchmarking, sharing best practices >> [inaudible] . >> [inaudible] >> i am not sure. >> other questions? thank you very much. we appreciate you being here. thank you very much, everybody. enjoy your day. [applause]