secretary clinton have been to asia 17 times. she's almost completed the tour. she has a couple of remaining countries she'd like to go to all the southeast asian nations during the time of her tenure in office. we've signed the treaty of amity and cooperation. it's an important sort of guidepost to get through that allows us to have more intense engagements on a variety of not only bilateral initiatives but institutional initiatives as well. president obama instructed the state department to undertake a burma review and we went through that process over the course of the first eight months and we put in place very careful new strategy which is designed both to keep our pressure in place but also to explore opportunities for consequently engagement. we appointed pope we were one of the first nations to

more towards asia. i think there is a recognition that these challenges facing in the middle east are extraordinarily important. the truth is the 21st century -- much of the history of the 21st century will be written in the asia-pacific region. it's going to be important for the united states to step up our game. that's what we are determined to do going forward. i say that in the context of a strong commitment across the political aisle. if i could just make one other point to that, you know, it is the case that often times we use the term asia-pacific. but the truth is it's the second word in that that gets short shrift. if you look over the course of the last 20 years where we have profoundly walked away from some of our enduring, strategic, moral political commitments it is in the pacific ocean arena. one the things that we have been attempting to do over the course of the last couple of years is to work with new zealand, work with australia and other countries to support them and also to put more

more towards asia. there is a recognition that these challenges we are facing in the middle east are extraordinarily important but the truth is the 20 first century, much of the history of the 20 first century will be written in the asia-pacific region. it is going to be important for the united states to step up our game there and that is what we are determined to do going forward. i say that in the context of a strong commitment across the political aisle. one other point. it is the case that oftentimes we use the term asia-pacific but the truth is it is the second word in that that gets short shrift. if you look at the last 20 years where we have profoundly walked away from some of our enduring strategic moral political commitments in the pacific ocean arena, one of the things we have been attempting to over the course of the last couple years is to work with new zealand and australia and other countries to support them and put more capacity in the pacific where even small investments go along with g

ambassador to the asia-pacific economic cooperation. although i am based in washington and manage the operations, set the agenda for negotiations through apec to try to achieve our goals. but i would like to do this morning is outlined a little bit about how the u.s. views apec, the importance we put on this institution, and then plans for 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 v

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 minu

>>reporter: resource rich and with strong trade ties to asia; could western australia be the luckiest state in the lucky country? >>if western australia is by default becoming far more financially independent. >>reporter: and a factory on your desktop, why we could soon be printing objects to order in our own homes. >>you have a machine which plus into your computer and it allows you to instead of printing on flat sheets of paper; to print out three dimensional objects, usually made out of plastic. >>reporter: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. the parliamentary assembly of the council of europe or pace is an international body that aims bring stability to a geographically large and culturally diverse region. its main area of focus is the promotion of democracy and human rights, a role it has fulfilled since its formation shortly after the end of the second world war. since then europe itself has changed drastically, meaning the organisation too has had to adapt. >>reporter: out of th

more towards asia. i think there is a recognition that these challenges facing in the middle east are extraordinarily important. the truth is the 21st century -- much of the history of the 21st century will be written in the asia-pacific region. it's going to be important for the united states to step up our game. that's what we are determined to do going forward. i say that in the context of a strong commitment across the political aisle. if i could just make one other point to that, you know, it is the case that often times we use the term asia-pacific. but the truth is it's the second word in that that gets short shrift. if you look over the course of the last 20 years where we have profoundly walked away from some of our enduring, strategic, moral political commitments it is in the pacific ocean arena. one the things that we have been attempting to do over the course of the last couple of years is to work with new zealand, work with australia and other countries to support them and also to put more

in the region but do you think the organization could actually undermine nato interests in central asia. appreciate for inviting me i have two theories as the shanghai cooperation organization that was published ten years ago. it's not purely military or the like nation but it's a more economically security organization i think it is in central asia and the middle east and this interest. china china divided will be different from the u.s. and nato interests in central and middle east region particularly their division of interests could be in natural resources the middle east by control asia but nevertheless want the issues have been raised having a declaration on libya on a statement on syria have been assured by russia and the sci members do you think actually that they could influence the u.s. and its allies involvement in those countries in libya and syria well as well and i cannot think that they can influence we have seen in the past that the united states and its allies. have intervened and that fact one treat such as iraq. afghanistan and libya. me most so. any american interven

in okinawa or are the only ones in the whole of eastern asia. and there are less than fifty left. i sat in front of cum swabbed for one year from morning to night nor newbie three i held up a sign saying no new basis so a lot of soldiers came out to talk to me you know will. they offer me hamburgers for breakfast. and that. they were so young that. i couldn't believe they would be sent to iraq to murder other people all. with a plan. when you know the world is here these kids are trained to kill or no idea that we must stop and we believe we can prevent the construction of these help with our actions when you're obviously we only resort to peaceful means of protest that are. founded your group of. lot of challenges but we also have some real opportunities and it's up to each of us to determine the role that we will play on behalf of our country and our leadership but i have every confidence that when it comes to defending america's security and advancing our interests we have nobody better than all of you so thank you and thanks to your families thanks for the service and the sacr

to go is an ok now where are the only ones in the whole of eastern asia. and there are less than fifty left. there were a lot of them. i sat in front of cum swab for one year from morning to night nor newbie three i held up a sign saying no new bases so a lot of soldiers came out to talk to me. you know has got to get back that they offer me hamburgers for breakfast when. i'm out. and they were so young that. i couldn't believe they would be sent to iraq to murder other people. or through the movie to keep you young we look at them you go you know by thoughtless yearly as kids are trained to kill we must stop and hold we believe we can prevent the construction of these telepaths with our actions when you look to obviously we only resort to peaceful means of protest that are going to go. on you could have. a lot of challenges but we also have some real opportunity and it's up to each of us to determine the role that we will play on behalf of our country and our leadership but i have every confidence that when it comes to defending america's security and adv

in central asia and the middle east and this. applies to be different from the us and nato interests in central and little east region particularly the division of interest in natural resources the middle east. but nevertheless the key issues have been raised in a declaration on libya and a statement on syria has been issued by russia and the asio members do you think actually that they could influence the u.s. and its allies involvement in those countries in libya and syria well i think. that they employ and we have seen in the past the united states allies. have been to that fact on treat such as iraq. and i look. we might so. any american intervention in the region the united. international community should morally support the democratic movement in the region so democracy on stronger in the middle east and north african region let's talk about the context of the asio and its member countries and its relationship with the u.s. in many ways because yesterday i was hoping that russia and china has opened up avenues for russia an

you'll be represented of all the major powers in central asia in the region so it's . insane yes you're. absolutely mess. of course some people are quick to link being perhaps not a rival but maybe. an opposite to nato in terms of a military alliance but it isn't interesting enough talking about the military aspect china has been beefing up its military in recent years the defense budget rising every year why is it doing i mean what's it preparing for. no good so there's a military strategy as well and it's not only related to central asia it's really to do dogs the chinese need you once you have a very strong presents in the media notion and perhaps india really see each speak get chinese vessels to station at the weather what's your arabian sea pakistan pakistan about which is that so that industry has this strongest brill's. strategy which consists of let's you know pakistan eventually in sri lanka. but this is interesting it's great spectrum dublin and spent a girl but it's different it's got back the chinese joe it's already been going around rome. yes. there so w

all southeast asia and asia there are a lot of similarities. >> he is a male entity. he is not -- are you referring to the story? >> it's interesting you should say that. a unique indian concept is one of half male, half female. and that is -- unlike some dances the solo dancer portrays all of the parts in the story. you can portray a feminine aspect and then masculine aspect with the bow and arrow. the male has to portray feminine and the female has to portray masculine. there is a very fierce dance and a soft sort of dance and every dancer has to learn all those aspects. it's very, you know, my teacher i call him a guru in this art form you have to study very, very hard. you have to learn about all the cultural aspects. he says it's liberating because he enjoys and has to learn to bring up the feminine aspect. he's a strong character it's a challenge for him and he likes it. the stories are metaphor cal. i don't look at this that this is a man or woman. there are qualities we all have that some of us are in touch with and are not. in our culture we think people shou

as a result have been concentrating a great deal more on the asia pacific region as of november. this year becomes the chair of apec and has to drive the agenda for apec over the course of two thousand and twelve and how do you. interrupting the how do you see russia driving the goals as chairing as you said as of november i believe november the tenth what kind of agenda do you think expect to see you implement here. they haven't made it clear yet but i think expectations let's say expectations are recently high at the moment they could be disappointed a lot of people here very much hope that russia will use this opportunity to strengthen the links in asia very strongly very positively and we would look to the summit in light of all stock in november next year. opportunity to cement much stronger links which certainly between east russia and be a pick a condom use in particular china japan and korea as you talk about the strengthening of these relationships between asia and the far east we know that the relationship between russia and china is very significant in regards of the g

, who are your biggest competitors here in asia?don't like to talk too much about competitors, because -- >> it's all about competition here. >> they are so much smaller than us. and so i wouldn't even like to mention any of them, because they just don't figure that prominently. this is say unique business, really, we're the leading position. which is so much further ahead of its competitors. there are one or two smaller companies out there but hardly sfig enough to mention on your program. >> thank you very much. tim parker, ceo of samsonite international. guys, back to you. >> ramy, thanks ever so much again. >>> it's enjoyed a century of breakthroughs in technology. ibm will be turning 100. we take a look at its inventions from the time clock to the electric typewriter. >>> this is "world business today." welcome back. as promised let's go back live to st. petersburg where we can join john defterios at the economic forum in russia. we have you. you were telling us about privatization and the deals there. take it away. >> they're

now back to asia. asia's 3.8 billion people is not quite but close to 60% of the worlds population. if we stay on approximately this trajectory that we are on now, this pattern of convergence, they will account for some very large fraction of the growth in the global economy. the absolute amount of growth is tripling or quadrupling. and what is happening in asia is what we think of as global issues, challenging global issues whether all kinds of problems relating to natural resources, the environment, climate changes and so on, are starting to be internalized in the big countries like china, because there's such an important part of the incremental pressure, you know, prices, consumption, and through growth, that they are starting to realize and i think this is new, its new they are it's new in the global economy that addressing these issues isn't so much a global issue for them, it's a question of long-term growth strategy and success in completing the process of marching to advance countries high-technology steps. what that means i don't think we're time to think about, but it cha

to asia times correspondent pepe escobar to discuss the chinese leaders visit to moscow is joining us on his webcam and joining us live from bangkok in thailand now as we've just been hearing from our reporter there big trade between russia and china and china has in fact replaced germany as russia's number one trade partner do you think that time. russia's economic future is now pointing more than west. and liberals reasons the un quite rightly gets the chair. big energy be truly across the region and we're going to do good relationships resume russia india and china are getting closer and closer and now it's our south africa's close . it looks really great again you reject it so we achieve those. goals the great buyer and russia and china have to meet right of this solution and to supervise the show and i get rich an organization this summit has just ended you know and great to be an observer in soon maybe soon three four years of course it could because i don't remember. that russia and china want to be proud of this solution for us going to stand he cannot be in the hands of the p

turkey is in asia minor or not in europe turkey's police is not a. union turkey started seeking integration with europe in the one nine hundred fifty s. . you can do it in ninety nine but since then from some germany who remained opposed continued stalling. jerky. and european union have actually stalled there's. relationship for such a long time now that the turkish public is tired of it the main reason turks think the europeans don't want them immigration. first well they come and steal our jobs like the polish plumber did. and second well they threaten us culturally but others see the real fear in paris and berlin as a loss of political power and this sort of fray german condominium is already on the challenge but with the inclusion of turkey in the european union it would be totally impossible to sustain now embroiled in economic crisis the e.u. isn't as strong as it once seemed. turks are starting to view the dalai is in joining less with frustration and more with relief frankly given. the state of the european union right now is the inability o

for southeast asia, also talking about plenty of tropical activity, too. showers and thunderstorms across philippines in toward the indo china peninsula and the bay of bengal, also, plenty of showers hitting area alonghe bay. toward india, too, west coast, that is, continues to see rain linger along the coastline. it is going to be another wet day here. highs for tuesday, pretty warm conditions, 36 degrees for beijing. really hot for you. 27 in seoul. fairly warm as well. tokyo remains at 25. slightly cooler than yesterday. gray clouds will make it feel a little better as well. over toward the americas, central america looking at lots of activity going on here. tropical activity starting to pick up. two lows and both looking active already. this one just south of mexico looks like it may be developing into a tropical cyclone within the next 48 hours. we'll keep a close eye on that one. also large low pressure area here in the caribbean as well already bringing hefty showers to areas like jamaica, haiti, as well as cuba. central america, too, looking at ple

boost global sales by 50% in the next four years; one-third of the company's sales will come from asia; small vehicles will account for 55% of total sales by 2020; and the vehicle maker told analysts it'll cut its debt by $2.5 billion by the end of this month. earlier today, i talked about those expansion plans with c.e.o. alan mulally. my first question-- who's going to buy all those cars? >> when you look at the automobile industry and the consumer demand for cars, last year it was about 74 million vehicles worldwide. in 2020 it's going to be 112 million because you have so many countries now that are at place now where they're expanding their economy and they're getting ready to buy even their first car some it's a tremendous growth market. the neat thing about ford is that we have a complete family investment class vehicle, and we operate globally, so we can now serve all those consumers. >> susie: the key to your whole plan is the consumer. and whether or not a consumer buys a car depends on whether they can afford to buy it, do they have a job, can they pay for gas? how does that

. >> pretty much a down day in asia, as well. the shanghai composite in asia. the only one bucking the trend, up by .4% to the good, on hopes that china's financial titlening is nearing an end. we had the premier saying last week that inflation would be liked by the end this year. that was the only good spot. in the region, losses in tokyo and sydney as greece continues to weigh on investors' minds much there the yen strength against the euro hitting exporters on the nikkei. and banks in sydney, mining and resource stocks weighing on the markets. a look at the u.s. futures set for a lower open when trading begin in a few hours. this is how they're faring in the premarket action at the moment. as you see, modest losses in the dow predicted down .1%. the s&p more severe, down about .3%. charles, we've been talking about greece for a long time now, and it's going to dominate the headlines this week. >> i don't think we'll stop talking about greece for some time to come. i hate to disappoint you. this is the story that will dominate for a long time. meanwhile, thou

. >>> we get a mixed bag in asia. chinese export numbers were not quite as impressive as those coming out of the united states. growth slowed and that in turn led the shanghai composite towards a loss, though it did manage to recoup some of the declines on the day, notching up a modest gain of 0.1%. in seoul, the bank of korea raised its key interest rate to a total of 3.25%. that followed high inflation in asia's fourth biggest economy in the month of may. the kospi finishing the day down almost 1.2%. and toyota, forecast its net profits will probably fall by 31% to a total of $3.5 billion this year. as you can see, the nikkei ended the day up by about 0.5%. >>> let's take you back to that thursday turnaround on wall street. alison kosik is in new york. >>> stocks on wall street posted solid gains thursday, snapping a six-session losing streak. analysts viewed the rally as a buying opportunity with investors swooping in to scoop up shares that had been beaten down recently. at the close the dow jumped 75 points to 12

. >>> all about slowdown in asia, as well, particularly in the biggest economy in asia. that's china. and it's revealed today some manufacturing numbers. this is the hsbc pmi index and it showed that activity did grow and at the slowest rate of some three quarters. inflation, higher interest rates largely to blame for that so the economy is indeed slowing down. that news did flatten the shanghai composite. that's how the shanghai actually ended up just as i said flat but it was up 1.4% yesterday. the economists are saying that this number was a little bit expected on the manufacturing side, perhaps it's going to be a soft landing for the chinese economy. nikkei up and australia barely moved. big news also coming out of australia today. australia battled a record deluge in the summer and now looking forward to a winter relative economic content. what i mean by that? the country reported the largest gdp contraction in 20 years after floods overwhelmed the coal and agriculture sectors earlier this year. the economy contracting 1.2% in the first quarter of this year compared

two nations have become each other's major trading partners is russia drifting more towards asia than europe and the us to varying from the west to the east. i think it's a bit of a stretch to say to ask a question is extreme is that russia's clearly strongest historical economically both. the us and europe and the asian involvement is always very minor from the. for many many years but it will time question really because. just the last few years russia has become a member of the apec is in surprisingly cooperation group and. they. as a result have been concentrating a great deal more on the asia pacific region as of november this year russia becomes the chair of apec and has to drive the agenda for over the course of two thousand and twelve and how do you see as i was going to try to interrupt you how do you see russia driving the goal. chairing a pay as you said i was of november i believe november the tenth what kind of agenda do you think expect to see it implement here. they haven't made it clear yet but i think expectations this is a expectations a reason to hire at the moment

many of the trips have been to the southeast asia.he has a couple of remaining countries she would like to go to all of the southeast asian countries during her tenure in office. we signed the treaty and the cooperation that's an important source of guidepost to get through that allows us to have more intense engagement on a variety of not only bilateral initiatives but institutional initiatives as well. president jul instructed the department to undertake the brummer review on burba and we went through that process over the course of the first eight months, and we put in place very careful new strategy which is designed both to keep our pressure in place but also to explore opportunities for consequential engagement with the new leaders in particular we were one of the first nations to appoint an ambassador in jakarta. we believe one of the most important initiatives that can occur on the course of the next several years and the infrastructure of the institutions you see the developing in a variety of places that in particular when i

there is no asia, asia is a western concept. there is india, china, japan, indonesia, and they don much like each other. so when china rises it causes great apprehension in india. >> rose: and they worry about who we canave a good relationship witd the united states becomes the place. >> so in my last long trip to asia i was struck by the dramatic change that had taken place in asian countries. two years ago if you went there they were all singing the praises of china because it was a kind of abstraction. and they thought this will be great, somebody to stand up to the americans. be tired of the one superpower world. well what had happened in the intervening year was that the chinese had gotten tough with the japanese on that island dispute, they had said a few things to the indians that the indians didn't like, they had asserted sovereignty over the south cha seas whi the south koreans and vietnamese didn't like. so all of a sudden everyone would say to me "you americans understand you have to stay involved in asia." and that w