That’s what I call an overgenerous introduction.
Well… I’m here to do a little bit of a panel but, before that, they’ve asked me to give a few remarks and we’ve got some great panelists.
We’ve got Keith, we’ve got TC from HP, and Terazawa-san. For meeting (inaudible), we just finished signing the [JUSEP] — their commitment to this region for $10 billion dollars, in terms of energy security.
So now we’re here to talk about a different kind of security. And that’s digital security. And, you know, the key to continued growth and development of the digital economy, now and in the future, is to support strong and open innovation ecosystems, to pursue pro-market approaches and preserve the freedom to pursue new ideas and business models.
And, as Hiro said in that introduction, I’ve spent 30 years in Silicon Valley, and there, it’s not just about invention, it’s about innovation and scale.
And the U.S. industry has continually shown the ability to adopt new technology to drive economic growth.
As you heard, my life’s work has really been focused on creating innovative companies, by building high performance teams and then empowering them to pursue opportunities they never dream possible.
I truly believe that the team with the best people wins and adversity to thought diversity is the catalyst of genius.
You know, two companies Hiro talked about, Ariba and DocuSign, they were all about fast, frictionless, secure global commerce, and that’s resulted in a profound impact on GDP per capita, or in other words, standard of living.
Also, acceleration of international trade, the health of the planet, but most importantly perhaps the empowerment of human capital.
They were also about trust. At DocuSign, we used to say we are not in the software business, we are in the trust business. Because people do business with people they trust. And trust is based on values like integrity, transparency, accountability, reciprocity, fairness, and respect.
And, I think as we all know, there are some malign regimes that believe they are above the rules, with little respect for sovereignty of nations, property, human rights, rule of law, transparency, and sound governance.
And, all’s I know, if people cannot participate safely in the global economy, if businesses are being robbed every time they step overseas, if other nations can cheat their way ahead in a global race for innovation, then you bet global economic security will suffer.
And, you bet, your countries and your companies will falter.
The stakes are high. The world wants all of us to lead and protect those values because it remains a beacon of light and hope around the world.
And it wasn’t until I was at the State Department that I realized that there are malign regimes, that have lost, that say every company doing business with them in a country or otherwise, and their citizen’s government has a law, all information for proprietary technology, intellectual property, and data, must be handed over to the government by their citizens upon request.
And I was thinking, maybe that’s why some of the companies from there, they give away their infrastructure products for free.
Trusted, open, operable, reliable, and secure internet, is the foundation for a trusted digital economy.
In the Indo-Pacific region, the U.S. has shown its commitment through the three main economic pillars, in terms of energy, infrastructure, and digital.
And last year we launched the Digital Connectivity and Cyber-security Partnership, or just the Digital Partnership, as one of those three key economic initiatives.
And, you saw this morning, when we talked about the Asia Edge program with Japan’s additional commitment. We’ll talk later on this afternoon. I’ll join David Bohigian to talk about infrastructure.
And now, with this Digital Partnership, supported ICT infrastructure projects through private enterprise-led partnerships.
And the Digital Partnership that provided training and capacity-building across the region, in areas like cyber-security, spectrum management, emerging technology, internet of things, and other top technologies to name a few.
And it’s just getting started.
Our embassies are working with governments and the private sector in the region to develop programs that meet are shared objectives, promoting a secure, connected, and vibrant digital economy across the region.
I’m proud of the work of U.S. and allied companies, like those who are going to join me on stage, and what they are doing to this space building secure networks and facilitating free data flows across border and adding value for their customers.
And also, working with countries and companies on global trust standards that are based on respect for transparency and accountability, sovereignty of nation’s property and resources, and local labor and human rights and rule of law, the environment, and sound practices in procurement and financing.
The United States has seen tremendous economic growth in the digital economy, and we want this region to realize its full potential.
And adopting these global digital trust standards is a big part of it, but this growth only happens as governments create a policy and a regulatory environment that allows innovation to flourish.
I know from personal experience, that if people don’t feel their information is respected, if they don’t have trust in how their data is being used and shared, then economic growth just won’t happen.
And, I can tell you, in terms of the U.S. private sector, it’s a showstopper. The ability of our companies to move personal data across borders, in compliance with foreign policy privacy laws, is a major economic interest not just to the United States, but for the entire Indo-Pacific region.
Our digital economies are now critical in driving productivity and growth of our countries. But critical to our competitiveness as allies is to stand strong together.
Indo-Pacific data flows are the largest, most significant international data flows in the world. Over half of Indo-Pacific data flows to the U.S., and the same flows from the U.S. to the Indo-Pacific.
American and Indo-Pacific consumer welfare and their global competitiveness depends on these data flows to access digital services, products, and data store from both sides of the Pacific.
And all of these services rely on 5G networks. The stakes regarding those critical networks could never be more important.
So, finally, as the Under Secretary of State responsible for global economic security strategy of the United States, I’m committed and dedicated to protect impersonal data and facilitating international commerce.
And let me express my deepest respect and gratitude to all of you in this room for your dedication, commitment, and hard work, ensuring that digital commerce, data, and information will be fast and frictionless and trusted between the nations in this room.
I’m looking forward to working with all of you, in building a global trust network for all countries in the room.
So, now with that, let me introduce the panelist who’ve join me today for a few questions I’ll be moderating.
First, I’d like to introduce TC Ng. He’s President for Asia-Pacific for HP. TC has had an outstanding career, thirty years with HP, working his way up. He’s an MBA, from the University of California. And I read an interview, where TC said, as he was appointed as Asia-Pacific President, “the core part of HP culture, which values integrity, trust, and respect, and teamwork, are the values I started with and are still present today.”
That really resonates with me.
I’ll tell you another thing that resonates with me about him. He’s married and has five children, just like me. And, you know, and we have a few partners (inaudible) that don’t have that many, I told them get on the ball.
And, if that weren’t enough, he also holds a rank of Colonel in the Singapore Armed Services.
Next is Keith Williams, CEO and Trustee of Underwriters Laboratories. Keith joined UL in 2005, overseeing the world’s premiere safety company that offers services in over 100 countries, with nearly 14,000 employees.
Keith has held successful position at GE, where he worked for 23 years in Natrona (inaudible). He’s also chairmen of the board of the U.S. ASEAN Business Council (inaudible), as well as a number of other boards.
Finally, allow me to introduce my good friend, Terazawa-son, Senior Advisor to the Minister of Economic Trade and Industry of Japan.
He was my counterpart when I first started the State Department in June, but then he got a promotion so he’s a senior advisor.
He has a long government servant, something I truly respect. And he’s devoted his career to advancing his country’s interest at home and abroad. And, amidst from that, he found time to earn an MBA from Harvard University.
So, let’s give a warm welcome for this great fireside chat panel of folks.
Thank so much for joining us.