Wednesday, July 11, 2012

Hillary Rodham Clinton
Secretary of State

Hilton Opera Hotel
Hanoi, Vietnam
July 10, 2012

We are very committed to this relationship between the United States and Vietnam, just as we are to the reenergizing of America’s relationship throughout the Asia Pacific. It’s one of the top priorities of the Obama Administration. The United States is, after all, an enduring Pacific power with Pacific interests, and we intend to be a presence in the Pacific region for the foreseeable future.

Now, a lot has been written about the so-called pivot to Asia. But what hasn’t, perhaps, received enough attention is the breadth of our engagement. It’s not just about security, although that is important. As I explained in a speech I delivered in Mongolia yesterday, it’s also about standing up for democracy and human rights, for the rule of law, for economic ties, boosting trade, and as the Secretary of State, advocating for American businesses.

If we look around this room, or you look at the list of companies represented here, there is no doubt that American business is eager to invest more in Asia. Companies are taking advantage of an improving business climate and setting up shop to serve the needs of Asia’s growing middle class. And part of my job, part of our job in government, is to help open doors for you. At the State Department, we have mounted a serious effort to place economics at the center of American foreign policy. We call it economic statecraft, using diplomacy and tools, like the Export-Import Bank, to advance and promote American economic interests and to harness the powers of the market to advance our strategic goals. And we are particularly focused on developing a global economic order that is open, free, transparent, and fair. So we’re working with partners, both new and longstanding, to establish common rules of the road, so to speak, so everyone has an equal opportunity to thrive.

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