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Category: Trade

  • MIL-OSI Asia-Pac: President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements

    Source: Republic of China Taiwan

    Details
    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News –

    June 4, 2025
  • Sanjay Jha-led delegation reaches Delhi after concluding India’s outreach against terrorism

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian Parliamentary delegation led by JD(U) MP Sanjay Kumar Jha returned to Delhi from Malaysia on Tuesday, concluding its outreach campaign aimed at strengthening international support against terrorism and building a shared understanding of security threats.

    During their visit, the delegation met with YB Tan Sri Dato’ (Dr.) Johari bin Abdul, Speaker of the House of Representatives (Dewan Rakyat), and members of the Parliamentary Special Committee on International Relations and International Trade, chaired by YB Wong Chen.

    The Speaker reaffirmed Malaysia’s commitment to peace and appreciated India’s briefing on its counter-terrorism efforts. The delegation also engaged with representatives of the Southeast Asia Regional Centre for Counter-Terrorism (SEARCCT), led by Director General Datin Paduka Nur Ashikin Mohd Taib.

    In discussions with SEARCCT, the Indian side highlighted the Centre’s role in the India-Malaysia Joint Working Group on Counterterrorism and stressed the need for greater regional synergy, especially in legal frameworks, counter-terror financing, community resilience, and research on cross-border terrorism.

    The engagements in Malaysia reinforced the India–Malaysia Comprehensive Strategic Partnership and underscored a shared commitment to regional peace and security.

    Speaking to IANS upon returning to Delhi, Sanjay Jha reflected on the outcomes of the multi-nation tour, which included Japan, South Korea, Singapore, Indonesia, and Malaysia.

    “Four or five key messages emerged from the visit,” he said. “First, the delegation delivered a strong, united message—that all parties in India stand together in the fight against terrorism. Second, countries across the region unequivocally condemned the April 22 Pahalgam terror attack and expressed condolences for the 26 victims.”

    He added, “Third, India’s response—targeting only terrorist camps in Pakistan and Pakistan-Occupied Kashmir—was marked by restraint and precision. Fourth, flights have resumed in Jammu and Kashmir, and a Cabinet meeting was held in Pahalgam to assess the situation. We urged that action should be taken against Pakistan by the FATF (Financial Action Task Force).”

    The delegation’s visit, which included stops in Japan, Indonesia, South Korea, Singapore, and Malaysia, aimed to deepen India’s diplomatic and security cooperation, while reaffirming its commitment to regional peace, counter-terrorism, and sustainable development.

    Apart from Jha, the delegation included BJP MPs Aparajita Sarangi, Brij Lal, Pradan Baruah, and Hemang Joshi; TMC MP Abhishek Banerjee; CPI(M) MP John Brittas; Congress leader Salman Khurshid; and former diplomat Ambassador Mohan Kumar.

    (With inputs from IANS)

    June 4, 2025
  • US: Higher metals tariffs kick in as deadline for ‘best’ offers arrives

    Source: Government of India

    Source: Government of India (4)

    The U.S. tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their “best offer” in bids to avoid punishing import tax rates on other goods from taking effect in early July.

    Late on Tuesday, Trump signed an executive proclamation that puts into effect from Wednesday his surprise announcement last week that he was taking the tariffs on steel and aluminum imports that had been in place since March to 50% from 25%.

    “We started at 25 and then after studying the data more, realized that it was a big help, but more help is needed. And so that is why the 50 is starting tomorrow,” White House economic adviser Kevin Hassett said in explaining the move at a steel industry conference in Washington on Tuesday. The increase came into effect at 12:01 am (0401 GMT).

    The increase applies to all trading partners except Britain, the only country so far that has struck a preliminary trade agreement with the U.S. during a 90-day pause on a wider array of Trump tariffs. The rate for steel and aluminum imports from the UK – which does not rank among the top exporters of either metal to the U.S. – will remain at 25% until at least July 9.

    About a quarter of all steel used in the U.S. is imported, and Census Bureau data shows the increased levies will hit the closest U.S. trading partners – Canada and Mexico – especially hard. They rank No. 1 and 3, respectively, in steel shipment volumes to the U.S.

    Canada is even more exposed to the aluminum levies as the top exporter to the U.S. by far at roughly twice the rest of the top 10 exporters’ volumes combined. The U.S. gets about half of its aluminum from foreign sources.

    Prime Minister Mark Carney’s office said Canada was “engaged in intensive and live negotiations to have these and other tariffs removed.”

    Mexico Economy Minister Marcelo Ebrard reiterated that the tariffs were unsustainable and unfair, especially given that Mexico imports more steel from the U.S. than it exports there.

    “It makes no sense for the United States to levy a tariff on a product in which you have a surplus,” he said, adding that Mexico would on Friday seek an exemption from the increase.

    The unexpected increase in the levies jolted the market for both metals this week, especially for aluminum, which has seen price premiums more than double so far this year. With little current capacity to increase domestic production, import volumes are likely to be unaffected unless the price increases undercut demand.

    ‘BEST OFFER’ DUE DATE

    Wednesday is also when the White House would like trading partners to submit their proposals for deals that might help them avoid Trump’s hefty “Liberation Day” tariffs from taking effect in five weeks.

    Administration officials have been in active talks with a number of countries since Trump announced a pause on those tariffs on April 9, but to date only the UK deal has come to fruition. Even that agreement, which provided the basis for the carve out from the metals tariffs, is more of a preliminary framework for more talks.

    With just weeks remaining, the Trump team is eager to bring more deals over the line.

    Reuters reported on Monday that the U.S. Trade Representative was asking countries to list their best proposals in a number of key areas, including tariff and quota offers for purchase of U.S. industrial and agricultural products and plans to remedy any non-tariff barriers.

    In turn, the letter promises answers “within days” with an indication of a “landing zone,” including what tariff rates countries can be expected to be saddled with after a 90-day pause on the tariffs expires on July 8. At issue for most trading partners is whether they retain the current baseline rate of 10% on most exports to the U.S. after that date, or something sharply higher in many cases.

    White House spokeswoman Karoline Leavitt confirmed the report on Tuesday, saying: “USTR sent this letter to all of our trading partners just to give them a friendly reminder that the deadline is coming up.”

    Other items requested by the Trump administration include any commitments on digital trade and economic security, along with country-specific commitments, according to the letter.

    Japan, a major U.S. trading partner, has not received such letter, top government spokesperson Yoshimasa Hayashi told a regular press conference.

    “Regarding U.S. tariff measures, negotiations are underway between Japan and the United States,” Hayashi said. “The government will keep on tackling them, doing our utmost and giving them a top priority.”

    The U.S. embassy in Tokyo did not immediately comment.

    (Reuters)

    June 4, 2025
  • MIL-OSI: Bitwise Accelerates European Expansion with Addition of Melissa De Sanctis and Fabio Massellani

    Source: GlobeNewswire (MIL-OSI)

    Bitwise Accelerates European Expansion with Addition of Melissa De Sanctis and Fabio Massellani

    De Sanctis joins the marketing team as Product Marketing Manager, while Massellani joins the sales team as Senior Regional Consultant – Southern Europe

    June 4, 2025, Bitwise, a leading global digital asset management firm, announces the addition of two new professionals to its team: Melissa De Sanctis as Product Marketing Manager and Fabio Massellani as Senior Regional Consultant – Southern Europe.

    Melissa De Sanctis brings over 20 years of experience in the financial sector, including 17 years at Borsa Italiana. She has held roles such as Business Development Manager for retail investors and later served as Senior Marketing Manager, leading commercial and marketing activities for the group’s secondary markets. She oversaw the development and launch of new instruments for IDEM, the derivatives segment of Borsa Italiana. Most recently, she was Head of Marketing and Communication at Spectrum Markets, a pan-European regulated venue for trading securitized derivatives.

    In her new role at Bitwise, Melissa — based in Milan — joins the marketing team led by Maximilian Monteleone, Head of Marketing for Europe at Bitwise. While based in Italy, her strategic focus will also support the Spanish market.

    Fabio Massellani developed his career at BPER Banca Group, where he held various roles with increasing responsibility. He worked as a fund selector and equity strategist at Optima SIM, with a specific focus on passive and indexed strategies. In recent years, he served as Sales Associate at HANetf, contributing to business development and product positioning — including in Spain.

    At Bitwise, Fabio joins the sales team and reports directly to Bradley Duke, Managing Director and Head of Europe at Bitwise. He will support the company’s growth across Southern Europe, with a particular focus on Spain, Italy, and Portugal.

    These additions strengthen Bitwise’s presence in the region, following the recent appointment of Flavio Rossetti as Regional Consultant for Southern Europe, and are part of a broader European expansion plan initiated in August 2024 with the acquisition of ETC Group.

    Bradley Duke, Managing Director and Head of Europe at Bitwise, commented: “We’re excited to welcome Melissa and Fabio to Bitwise. As institutional and professional investors increasingly recognize the potential of digital assets to enhance portfolio performance, our role is to be a trusted partner in that journey. Southern Europe — including Spain — is a key market for us, and the addition of Melissa and Fabio, with their deep expertise and local insight, will help us serve investors even better.”

    Melissa De Sanctis said: “I’m thrilled to join an innovative and forward-thinking firm like Bitwise. The crypto sector is evolving rapidly, and I strongly believe that providing secure, regulated instruments like ETPs is essential to making this space more accessible. It’s a real opportunity to engage more institutional and retail participants in the world of digital assets and blockchain technology.”

    Fabio Massellani added: “I’m delighted to join a dynamic and fast-growing company like Bitwise. I look forward to applying my experience in the Southern European market to support our company’s mission. I’m confident my contribution will help strengthen Bitwise’s footprint and support its commitment to innovation in the fast-moving world of crypto investing.”

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past five years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit www.bitwiseinvestments.com/eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information
    This press release does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency. Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks.

    The MIL Network –

    June 4, 2025
  • MIL-OSI Russia: Polytechnic students are winners of the IT championship “Digital Era of Transport”

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The student team of the Civil Engineering Institute, led by senior lecturer of the ICI Liliya Talipova, won the IT championship “Digital Era of Transport”. The awarding of the champions took place at the industry forum “Road Construction in Russia: Innovations, Technologies, Quality”.

    The team was presented with diplomas and gift certificates by the head of the Federal Road Agency Roman Novikov and the director of the Digital Era of Transport Association Dmitry Olkhovikov.

    Students are already proposing practical solutions – from optimizing traffic lights to monitoring the laying of asphalt concrete. This is proof that young people are already shaping the future, – noted Roman Novikov.

    The event was held with the support and participation of the Ministry of Transport, the Ministry of Industry and Trade, the Ministry of Construction and Housing and Communal Services, the Federal Road Agency, the State Duma, the Federal State Institution Rosavtodor, the R.O.S.ASFALT Association, as well as specialized institutions and institutes. The organizer was the Digital Era of Transport Association.

    Teams of students from eight regions of our country took part in the championship. The ISI Vysota team (Artem Yenikeev, Evangelina Morozova, Alexandra Solodova, Anna Ryabova, Igor Tokarev and Yaroslav Sosnovsky) confidently solved the case from FSUE ZashchitaInfo Trans “Configuring traffic lights in a small town”. The Polytechnicians developed a model for optimizing traffic light phases.

    Working on the case solution became an excellent example of integrating mathematical modeling skills, programming and knowledge of the road industry to solve current problems of intelligent transport systems. It was the diversity of competencies in the team that allowed us to win. The championship demonstrated the importance of an interdisciplinary approach to solving modern transport problems, as well as the need to develop practice-oriented interaction between IT and the transport industry, – noted postgraduate student Evangelina Morozova.

    The ISI Vysota team demonstrated their skills in mathematical modeling and programming during the case study. It should be noted that most of the team acquired programming skills while studying in the Digital Departments project programs, Liliya Talipova emphasized.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    June 4, 2025
  • MIL-OSI: Virtune announces the listing of Virtune Coinbase 50 Index ETP, its new flagship product, on Deutsche Börse Xetra

    Source: GlobeNewswire (MIL-OSI)

    Frankfurt, June 4, 2025 – Virtune, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Xetra, one of Europe’s most prominent trading venues.

    Virtune has seen sustained demand for digital assets from institutional and retail investors in the Nordic and European region. Building on this momentum, the VCOIN50 ETP listing on Deutsche Boerse’s Xetra (Xetra ticker: VRTC) segment represents a key milestone in Virtune’s ongoing expansion into the German market. Coinbase will act as the custodian for VCOIN50.

    Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the COIN50E index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector IndexesTM (“MarketVector”), a leading global index provider.

    This launch represents several key firsts for Germany’s financial markets:

    • First ever ETP to track the Coinbase 50 Europe Index
    • The widest crypto ETP in Europe containing up to 50 crypto assets 


    About Virtune Coinbase 50 Index ETP:

    Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets and the crypto market’s equivalent of the S&P 500 index. At launch, VCOIN50 ETP will offer exposure to 21 crypto assets that are compliant with market-specific regulatory and Xetra-specific policies Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approval. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.

    Allocation as of 3rd of June 2025: https://www.virtune.com/product/vcoin50

    About Virtune:

    Virtune is a Swedish-regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has experienced rapid growth in the Nordics since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages $340 million in assets under management and has earned the trust of over 140,000 institutional and retail investors. Since its inception, Virtune has prioritized investor protection, and its success stems from its transparent, regulated approach and strong commitment to innovation and educating the market about crypto assets and ETPs.

    Christopher Kock, CEO of Virtune:

    “We have worked closely with Coinbase since our inception, relying on their outstanding custody, trading, and staking services across all our ETPs. We are now excited to further strengthen this collaboration by contributing to Coinbase’s global mission through the launch of a COIN50 ETP. COIN50 is an index with the potential to become the crypto market’s equivalent of the S&P 500 and the leading global crypto benchmark. This ETP offers both institutional and retail investors in Europe broad exposure to the crypto market, built by industry experts with deep knowledge and experience.”

    About Coinbase: 

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Exposure to up to 50 leading crypto assets in one product
    • Backing: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management Fee: 0.95% per annum
    • Trading currency: EUR
    • First day of trading: Monday, 2nd of June 2025
    • BloombergTicker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VRTC
    • Exchanges: Deutsche Börse Xetra

    The ETP is available for sale in Germany, Sweden, Finland, Norway, Denmark, Poland, France, the Netherlands, Belgium, Spain and Italy.

    For questions, contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):
    Headquartered in Stockholm, Virtune is a regulated Swedish digital asset manager and issuer of crypto ETPs listed on regulated European exchanges. With strong regulatory foundations, partnerships with industry leaders, and a skilled team, Virtune delivers innovative and compliant investment products aligned with the evolving global crypto landscape.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE. 

    The MIL Network –

    June 4, 2025
  • MIL-OSI: Virtune announces the launch of Virtune Coinbase 50 Index ETP, its new flagship product, on Deutsche Börse Xetra

    Source: GlobeNewswire (MIL-OSI)

    Frankfurt, June 4, 2025 – Virtune, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Xetra, one of Europe’s most prominent trading venues. The product is available to Swedish investors through brokers such as Avanza and Montrose.

    Virtune has seen sustained demand for digital assets from institutional and retail investors in the Nordic and European region. Building on this momentum, the VCOIN50 ETP listing on Deutsche Börse’s Xetra (Xetra ticker: VRTC) segment represents a key milestone in Virtune’s ongoing expansion across Europe. Coinbase will act as the custodian for VCOIN50.

    Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the COIN50E index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector IndexesTM (“MarketVector”), a leading global index provider.

    This launch represents several key firsts for Europe’s financial markets:

    • First ever ETP to track the Coinbase 50 Europe Index
    • The widest crypto ETP in Europe containing up to 50 crypto assets

    About Virtune Coinbase 50 Index ETP:

    Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets and the crypto market’s equivalent of the S&P 500 index. At launch, VCOIN50 ETP will offer exposure to 21 crypto assets that are compliant with market-specific regulatory and Xetra-specific policies. Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approval. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.

    Allocation as of 3rd of June 2025: https://www.virtune.com/product/vcoin50

    About Virtune:

    Virtune is a Swedish-regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has experienced rapid growth in the Nordics since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages $340 million in assets under management and has earned the trust of over 140,000 institutional and retail investors. Since its inception, Virtune has prioritized investor protection, and its success stems from its transparent, regulated approach and strong commitment to innovation and educating the market about crypto assets and ETPs.

    Christopher Kock, CEO of Virtune:

    “We have worked closely with Coinbase since our inception, relying on their outstanding custody, trading, and staking services across all our ETPs. We are now excited to further strengthen this collaboration by contributing to Coinbase’s global mission through the launch of a COIN50 ETP. COIN50 is an index with the potential to become the crypto market’s equivalent of the S&P 500 and the leading global crypto benchmark. This ETP offers both institutional and retail investors in Europe broad exposure to the crypto market, built by industry experts with deep knowledge and experience.”

    About Coinbase: 

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Exposure to up to 50 leading crypto assets in one product

    • Backing: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase

    • Management Fee: 0.95% per annum

    • Trading currency: EUR

    • First day of trading: Monday, 2nd of June 2025

    • BloombergTicker: VCOIN50

    • ISIN: SE0024738389

    • WKN: A4A5D4
    • Exchange ticker: VRTC

    • Exchanges: Deutsche Börse Xetra

    For questions, contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):
    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.

    The MIL Network –

    June 4, 2025
  • MIL-OSI Economics: Adriana D Kugler: Opening remarks

    Source: Bank for International Settlements

    Thank you, Olesya, and thank you for the invitation to speak to you today. It is such a pleasure to contribute to this conference.

    Our profession has increasingly recognized, especially after the Global Financial Crisis, that research in the interdisciplinary topics between macroeconomics and finance is indispensable both for monetary policy and for promoting financial stability. As a researcher myself, and having spent many years in academia, I place great value on the social contribution of research and its potential to improve policymaking.

    I want to express my appreciation for your efforts in using macro-financial data and theoretical models to enlighten us on several critical issues. For instance, let me cite a few topics of the conference that shed light on important issues:

    • The work on the transmission of monetary policy to both households and firms provides insights into how policy decisions ripple through the economy, a topic I recently addressed in a speech at the University of Minnesota. In this speech, I discussed my approach to monitoring monetary policy transmission and highlighted some of its key elements, such as the long and variable lags associated with policy effects.
    • The exploration of the neutral rate of interest-that which neither slows nor stimulates economic activity-provides another angle to this important concept. This is a topic I have addressed in previous remarks, and I am especially interested in the potential factors that can affect the neutral rate.
    • The work on how and why financial conditions faced by firms and households change with data releases and underlying macroeconomic conditions also enhances our grasp of the complex interplay between economic indicators and real-world financial experiences.
    • The research on the functioning of the Treasury securities market and how it is affected by regulatory constraints sheds light on a crucial aspect of our financial system.

    I commend you for pushing ahead with a research agenda that furthers our understanding of topics so relevant to our monetary policymaking.

    In the spirit of stimulating your research appetite, I’d like to mention some topics that have captured my attention recently. These represent emerging challenges and opportunities in the field, and I believe they warrant further investigation.

    First, recently, I have been paying attention to the possible interaction between the financial vulnerabilities of firms and their exposure to trade. As global economic tensions rise and supply chains evolve, understanding how a company’s financial health intersects with its international trade exposure becomes increasingly crucial. This research could provide valuable insights for both policymakers and business leaders navigating an uncertain global economic landscape.

    Second, lately, I have been monitoring the financial stability implications of the potential lower desirability of U.S. financial assets in flight-to-safety events. Traditionally, U.S. assets have been seen as a safe haven during times of global economic uncertainty. One notable example of this was during the Global Financial Crisis. However, we recently saw instances in which the VIX went up, stock prices went down, long-term yields from U.S. Treasury securities went up, and the U.S. dollar depreciated against the currencies of advanced foreign economies (AFEs), with a notable role for the euro. Importantly, the historical relationships and the observed moves in the VIX and interest rates of AFEs would have been associated with a decrease in long-term yields from U.S. Treasury securities and an appreciation of the dollar. As the global economic landscape shifts, it is crucial to examine how possible changes in the role of U.S. financial assets as a safe haven might affect financial stability both domestically and internationally.

    Lastly, I have been keenly interested, for some time now, in how stresses in the commercial real estate (CRE) sector could potentially spill over to the rest of the U.S. economy. The CRE sector continues to face challenges from low vacancy rates and valuation losses, especially in urban centers for the office sector. Another challenge is that some banks, insurers, and securitization vehicles continued to have concentrated exposures to CRE. As we have seen in past crises, such as the Global Financial Crisis, vulnerabilities in specific sectors can have far-reaching consequences for the financial system. Understanding potential vulnerabilities and potential domino effects are vital for maintaining overall economic stability and crafting preemptive policies.

    These, I believe, represent some of the most pressing questions facing our field today. They offer rich opportunities for groundbreaking research that could significantly influence future policy decisions.

    In conclusion, I want to reiterate my gratitude for the vital work you are all doing. Your research not only advances our understanding, but it also provides a solid foundation for informed policymaking. As we navigate the complex interplay of macroeconomics and finance in an ever-changing global landscape, the importance of your work cannot be overstated.

    I encourage you to continue pushing the boundaries of our knowledge, to ask the difficult questions, and to pursue the answers with rigor and dedication. Your efforts today will shape the policies of tomorrow, influencing the economic well-being of millions.

    Thank you for your attention, and I look forward to the insightful discussions and presentations that will unfold during this conference.

    MIL OSI Economics –

    June 4, 2025
  • India, UK hold 17th Foreign Office Consultations; launch strategic tech dialogue

    Source: Government of India

    Source: Government of India (4)

    India and the United Kingdom on Tuesday held the 17th round of Foreign Office Consultations (FOC) in New Delhi, where the two sides reviewed the full spectrum of their bilateral ties. The meeting also marked the launch of the first Strategic Exports and Technology Cooperation Dialogue (SETCD), aimed at deepening collaboration in high-technology and strategic sectors.

    Foreign Secretary Vikram Misri led the Indian delegation, while the UK side was represented by Sir Oliver Robbins, Permanent Under-Secretary at the Foreign, Commonwealth & Development Office (FCDO). The last FOC was held in London in May 2024.

    The discussions focused on strengthening cooperation across areas such as trade and investment, defence and security, counter-terrorism, climate action, green energy, science and innovation, education, and people-to-people ties. Both sides welcomed the conclusion of the India-UK Free Trade Agreement and the Double Contribution Convention.

    The inaugural SETCD addressed export control mechanisms, with a view to facilitating greater technology collaboration in strategic areas.

    India appreciated the UK’s expression of solidarity in its fight against terrorism. The two sides also exchanged views on key regional and global developments, including the Russia-Ukraine conflict, the Indo-Pacific, and West Asia.

    Both countries agreed to maintain regular exchanges at the political and senior official levels. The next FOC will be held in London in 2026 at a mutually convenient time.

    June 4, 2025
  • MIL-OSI: Sterling launches overnight global trading in US NMS equities

    Source: GlobeNewswire (MIL-OSI)

    Chicago , June 04, 2025 (GLOBE NEWSWIRE) — Sterling Trading Tech (Sterling), a leading global provider of technology in order management, risk and margin, and trading, today announced the launch of 24×5 global trading in US National Market System (NMS) equities. Through Sterling OMS, clients can now trade overnight via Blue Ocean ATS.

    This marks the latest milestone in Sterling’s ongoing global expansion strategy. On the product front, Sterling continues to enhance its OMS, risk, and trading capabilities. These now span multi asset classes, including US and international equities and options, futures, fixed income, mutual funds, FX, and crypto.

    All Sterling routing venues currently onboarded with Blue Ocean are available for overnight trading. Clients also benefit from market data and direct routing to Blue Ocean ATS. Additionally, Sterling has rolled out enhanced APIs, enabling clients to automate margin rate adjustments to account for overnight trading.

    Said Jen Nayar, Sterling President & CEO: “At Sterling, we are committed to providing our clients with global access to trading in US equities, now extending into overnight hours. At the same time, we continue to advance our OMS and intraday risk and margin measurement capabilities. These enhancements enable our clients to confidently navigate today’s volatile, unpredictable, and complex global markets.”

    -END-

    About Sterling Trading Tech
    Sterling Trading Tech (Sterling) is a leading provider of professional trading technology solutions for the global equities, equity options, futures, fixed income, mutual funds, FX and crypto markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, Sterling provides solutions tailored to clients’ needs. Sterling is committed to providing fast, stable technology along with outstanding customer service. For more information, please visit www.sterlingtradingtech.com.

    Media Contact:
    Magdalena Mayer
    magdalena.mayer@sterlingtradingtech.com
    (312) 346-9600 

    The MIL Network –

    June 4, 2025
  • MIL-OSI: BW Offshore: Ex dividend USD 0.0625 today

    Source: GlobeNewswire (MIL-OSI)

    Ex dividend USD 0.0625 today

    The shares in BW Offshore Limited will trade ex dividend USD 0.0625 per share as from today, 4 June 2025.

    Dividend payment to shareholders will be on or about 12 June 2025.

    This information is published in accordance with the requirements of the Continuing Obligations.

    IR@bwoffshore.com   www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

    June 4, 2025
  • MIL-Evening Report: Extreme weather events have slowed economic growth, adding to the case for another rate cut

    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney

    Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

    The national accounts report from the Australian Bureau of Statistics (ABS) showed annual growth steady at 1.3%, below market forecasts for an improvement to 1.5%.

    The result is also weaker than the Reserve Bank of Australia’s forecasts.

    The ABS said: “Extreme weather events further dampened domestic demand and reduced exports”, with the impact particularly evident in mining, tourism and shipping.

    This report on Gross Domestic Product (GDP) will be a key consideration for the Reserve Bank’s next meeting on July 7–8, helping shape its decision on whether to cut rates again. In May, the central bank cut the cash rate by 0.25% to 3.85%.

    On balance, the softer than expected pace of growth makes another rate cut in July a bit more likely.

    Private demand drives growth as public spending slumps

    Household spending slowed to 0.4% in the quarter from 0.7%. Essential spending led the way, with a sharp 10.2% rise in electricity costs due to a warmer-than-usual summer and reduced electricity bill rebates. Food spending also increased as Queenslanders stocked up ahead of Tropical Cyclone Alfred.

    Investment also contributed to growth, though its composition shifted. Private investment rose 0.7%, driven by a rebound in house building and strong non-dwelling construction, particularly in mining and electricity projects. But business investment in equipment and machinery slumped.

    Public investment fell 2.0%, ending a run of positive growth since September 2024. This decline, which detracted 0.1 percentage points from GDP, reflected the completion or delay of energy, rail and road projects.

    “Public spending recorded the largest detraction from growth since the September quarter 2017”, the ABS said.

    Disappointing trade performance

    Exports unexpectedly became the main drag on growth in the March quarter, marking a sharp turnaround from December 2024.

    Total exports fell 0.8%, led by a drop in services – particularly travel – due to weaker foreign student arrivals and lower spending. Goods exports also declined as bad weather disrupted coal and natural gas shipments, and demand from key markets like China and Japan softened.

    The growth outlook is soft

    Given the weaker-than-expected growth in the March quarter, Australia’s economic outlook remains soft.

    A disappointing sign in the report was another fall in GDP per head of population, known as GDP per capita. This measure declined by 0.2%, after just one quarterly rise and seven previous quarters of a “per capita recession”, when population growth outpaces economic growth.

    The household saving rate continue to rise in the March quarter, back to pre-COVID levels at 5.2%. This is because income grew faster than spending, and households remain cautious amid economic uncertainty. Additional government support also boosted savings.

    The economic slowdown reflects weak household spending and a notable pullback in public sector investment. With domestic demand under strain, short-term growth prospects appear limited as the economy continues to adjust to past interest rate hikes and the early effects of the recent cuts.

    The Reserve Bank began cutting official rates in February – its first move after 13 consecutive hikes between May 2022 and November 2023 – but the impact has yet to flow through. The next GDP figures, due on September 3, will offer a clearer picture of how the February and May rate cuts are shaping the recovery.

    Trade tensions add uncertainty

    Global conditions have become more unsettled, with rising trade tensions and shifting geopolitical alliances putting pressure on international trade. Renewed tariff threats – particularly from the US – are disrupting global supply chains. For export-reliant Australia, this increases the risk of weaker trade volumes and greater exposure to external shocks.

    At the same time, China’s post-pandemic recovery is losing momentum, dragged down by weak consumer demand and a struggling property sector.

    Given Australia’s close trade ties with China, any sustained slowdown there poses a clear threat to export earnings and broader economic growth. Together, these global headwinds are adding to the uncertainty surrounding Australia’s economic outlook.

    A balancing act on rates

    With demand soft and the economy losing momentum, the Reserve Bank may cut interest rates again at its July meeting to help boost growth. Key sectors like household spending, public services and mining have been under pressure. A further rate cut could support confidence and encourage more spending.

    However, the monthly inflation report for April adds uncertainty. While headline inflation held steady at 2.4% over the year to April, underlying measures ticked higher.
    The monthly rate excluding volatile items such as fuel and fresh food rose to 2.8%, up from 2.6%. That suggests price pressures are becoming more widespread.

    These mixed signals leave the RBA facing a delicate balancing act. Upcoming data, particularly the employment report on June 19 and the May monthly inflation indicator on June 25, will be critical in determining whether inflation is easing enough to justify another cut or showing signs of persistence that call for caution.

    The Conversation

    Stella Huangfu does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Extreme weather events have slowed economic growth, adding to the case for another rate cut – https://theconversation.com/extreme-weather-events-have-slowed-economic-growth-adding-to-the-case-for-another-rate-cut-257962

    MIL OSI Analysis – EveningReport.nz –

    June 4, 2025
  • MIL-OSI Russia: Family of weekend fair participants helps SVO fighters

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    A family of farmers from the village of Nizhne-Maslovo in the Lukhovitsky District of the Moscow Region have been bringing homemade pickles to Moscow weekend fairs for over 10 years. The spouses Daria and Maxim not only grow organic vegetables, but also, together with their fellow villagers, actively support the military and residents of border areas.

    Maxim is organizing the collection of food, warm clothes, and essential items. The parcels contain pickled cucumbers, sauerkraut, and other pickles. They are rich in vitamins and become especially valuable in field conditions.

    “Our fellow countrymen are now at the front. We cannot imagine how it could be any other way, everything comes from the heart. Our son is 11 years old, he and his classmates regularly bring me letters with drawings and ask to send them to the defenders of the Motherland. Children understand how important support is, and I am very glad that our example is important to them,” says Daria.

    This kind of assistance for farmers is not just a charity event, but a personal story: their relatives and friends are currently among the fighters serving.

    From the “Moscow Helps” campaign to the Museum of Heroism: how the capital supports SVO participantsFrom wool socks to revenue: how entrepreneurs help SVO participants

    The capital’s fairs present products brought from more than 40 regions of Russia. Each supplier guarantees the quality and freshness of the goods, and specialists State Veterinary Service of the City of Moscow check the products before sending them to the shelves.

    More information about the activities of the capital Department of Trade and Services can be found inofficial telegram channel.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/154766073/

    MIL OSI Russia News –

    June 4, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN meets with the Deputy Prime Minister and Minister for Trade and Industry of Singapore

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the Deputy Prime Minister and Minister for Trade and Industry of Singapore, H.E. Gan Kim Yong, at the OECD Headquarters in Paris, France, on 3 June 2025. The meeting discussed Singapore’s important contributions to the ASEAN Community-building efforts, as well as ways to advance ASEAN’s prosperity agenda, including through the ASEAN Trade in Goods Agreement (ATIGA) Upgrade and steps towards realising an ASEAN single market.

    The post Secretary-General of ASEAN meets with the Deputy Prime Minister and Minister for Trade and Industry of Singapore appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 4, 2025
  • MIL-OSI Asia-Pac: President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  

    Source: Republic of China Taiwan

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News –

    June 4, 2025
  • MIL-OSI China: China expands pediatric care in TCM hospitals

    Source: People’s Republic of China – State Council News

    An AI robot specialized in traditional Chinese medicine (TCM) provides health check service at the service robots exhibition area of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, Sept. 7, 2020. [Photo/Xinhua]

    Over 95 percent of China’s top-tier public Traditional Chinese Medicine (TCM) hospitals have established pediatric departments as part of efforts to enhance healthcare services for children, authorities said Tuesday.

    At a press conference held by the National Administration of Traditional Chinese Medicine, officials revealed that by the end of 2023, over 95 percent of tertiary-level and 72 percent of secondary-level public TCM hospitals nationwide had set up pediatric units.

    They also noted that TCM holds unique advantages in treating common childhood illnesses and delivering preventive healthcare services.

    The administration is carrying out pilot programs that apply TCM approaches to tackle pressing childhood health issues such as obesity, scoliosis and myopia.

    By November 2025, authorities aim to achieve full pediatric department coverage in all tertiary public TCM hospitals and establish pediatric units in over 80 percent of secondary public TCM hospitals.

    MIL OSI China News –

    June 4, 2025
  • MIL-OSI United Kingdom: UK commitment to the Indo-Pacific reaffirmed at global summit in Singapore

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK commitment to the Indo-Pacific reaffirmed at global summit in Singapore

    In the face of an unpredictable geo-political landscape, the UK’s approach to the Indo-Pacific reflects its determination to be a dependable and forward-looking security partner in the region.

    The United Kingdom has reinforced its long-term strategic commitment to the Indo-Pacific region, emphasising the critical importance of enhancing security cooperation and defence partnerships across this vital geo political space. 

    At the annual Shangri-La Dialogue hosted by IISS, Lord Coaker and the Chief of Defence Staff led a delegation from the UK who demonstrated the UK’s continued determination to working alongside partners to address shared security challenges and uphold the rules based international system. 

    This commitment will be further demonstrated this summer as the UK’s Carrier Strike Group visits the region – providing another opportunity to reinforce the UK’s commitment to a free and open Indo-Pacific. 

    And all this engagement is helping to strengthen the UK’s industrial base and create high-skilled jobs while also driving mutual prosperity and security across the Indo-Pacific. 

    Colonel Eddie Maskell-Pedersen, Head of the British Defence Staff in South East Asia said: 

    It’s been a great year for UK Defence activity in this region already. In Singapore alone we’ve had the Commander of UK Strategic Command attending the Defence Technology Summit, a bilateral visit from our Chief of the Air Staff, the Director of Development from the Royal Navy attending IMDEX along with a formal port call from HMS SPEY.   

    Our Defence cooperation with Singapore and with our partners across this region is going from strength-to-strength and our Global Defence Network looks forward to continuing to support the positive momentum we have across Southeast Asia.

    British High Commissioner to Singapore Nik Mehta said: 

    Singapore has yet again played host to a fantastic opportunity for regional defence engagement, and the UK delegation has had the chance to strengthen our relationships with this critical part of the world and underline our commitment to a free and open Indo-Pacific. 

    Following hot-on-the-heels of this event we have our Carrier Strike Group visiting the region, providing a crowning moment for our relations with Singapore and across the Indo-Pacific.

    His Majesty’s Trade Commissioner for Asia Pacific Martin Kent said: 

    The security and prosperity of the Indo-Pacific is indivisible from that of the Euro-Atlantic – and closer partnership has never been so vital. 

    The UK is a defence industrial superpower, with defence and security exports to Asia Pacific worth over £2.1bn in 2023. The UK delegation at this year’s Dialogue and the upcoming visit of the Carrier Strike Group highlight the strength of our defence industrial base, and our commitment to building mutual security and prosperity with the region. 

    Notes to editors

    • The UK High Commissioner to Singapore also posted about the Shangri-La Dialogue on his LinkedIn – Nikesh Mehta

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    Published 4 June 2025

    MIL OSI United Kingdom –

    June 4, 2025
  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 4, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 4, 2025.

    Artist Janenne Eaton’s retrospective is a compelling account of our troubled times
    Source: The Conversation (Au and NZ) – By Julie Shiels, Senior Industry Fellow, RMIT University Janenne Eaton R E E F 2015 enamel paint, vinyl decals, mirror and polymer clay on canvas Geelong Gallery Gift of the artist, 2019. Photographer: Mark Ashkanasy © the artist. With bad news-overload it is easy to conclude it is

    ‘Not available in your region’: what is a VPN and how can I use one safely?
    Source: The Conversation (Au and NZ) – By Meena Jha, Head Technology and Pedagogy Cluster CML-NET, CQUniversity Australia Linaimages/Shutterstock “This video is not available in your location”. It’s a message familiar to many people trying to watch global content online. But beneath this frustration lies a deeper question – how do we navigate digital borders

    Just the ticket? The problem with local body candidates aligning with national political parties
    Source: The Conversation (Au and NZ) – By Julienne Molineaux, Senior Lecturer, School of Social Sciences and Humanities, Auckland University of Technology Getty Images With accusations flying thick and fast last year about supposed “dysfunction” and a “shambles” at Wellington City Council, Local Government Minister Simeon Brown stepped in and appointed a Crown Observer. Announcing

    The chicks are alright: what songbirds can teach us about divorce and moving on
    Source: The Conversation (Au and NZ) – By Frigg Janne Daan Speelman, PhD Candidate in Behavioural Ecology, Macquarie University Charli Davies, CC BY-NC-ND In humans, it’s very common for the traditional family structure of two parents raising children to change abruptly. Usually, this happens when the parents decide to separate. Many separated couples are able

    Former Congress staffer allowed to return to New Caledonia
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk One of seven people transferred to mainland France almost a year ago, following the May 2024 riots in New Caledonia, has been allowed to return home, a French court has ruled. Frédérique Muliava, a former Congress staffer, was part of a group of six who were

    Ship runs aground in Fiji – then its rescue vessel capsizes
    RNZ Pacific Fiji’s Maritime Safety Authority has launched an investigation into Goundar Shipping Limited following two incidents involving its vessels. Late last month, one vessel ran aground on the reef of Ono-i-Lau, and villagers had to step in to ferry stranded passengers to nearby islands using small boats. On Monday, the Lomaiviti Princess II was

    Curious Kids: can spiders swim?
    Source: The Conversation (Au and NZ) – By Leanda Denise Mason, Vice Chancellor Research Fellow in Conservation Ecology, Edith Cowan University A great raft spider (_Dolomedes plantarius_). Salparadis/Shutterstock Can spiders swim? Waubra Preschool students, Victoria, Australia What a great question! Most spiders don’t swim by choice. But they sure can survive in water when they

    A two-state solution is gaining momentum again. Does it have a chance of success?
    Source: The Conversation (Au and NZ) – By Andrew Thomas, Lecturer in Middle East Studies, Deakin University As Israel’s devastating war in Gaza has ground on, the two-state solution to the Israeli-Palestinian conflict was thought to be “dead”. Now, it is showing signs of life again. French President Emmanuel Macron is reportedly pressing other European

    Senior public servants think GenAI will boost productivity – but are worried about the risks
    Source: The Conversation (Au and NZ) – By Helen Dickinson, Professor, Public Service Research, UNSW Sydney Many bold claims have been made about Generative Artificial Intelligence (GenAI) and its capacity to improve productivity and generate workplace efficiencies. A recent Microsoft survey found 24% of private sector leaders have already deployed GenAI across their organisations. Many

    People with severe mental illness are waiting for days in hospital EDs. Here’s how we can do better
    Source: The Conversation (Au and NZ) – By Sebastian Rosenberg, Associate Professor, Health Research Institute, University of Canberra, and Brain and Mind Centre, University of Sydney Matthew Ashmore/Shutterstock On ABC’s 4 Corners this week, psychiatrists and nurses have warned New South Wales’ mental health system is in crisis. They report some patients with severe mental

    With a government review underway, we have to ask why children bully other kids
    Source: The Conversation (Au and NZ) – By Marilyn Campbell, Professor, School of Early Childhood & Inclusive Education, Queensland University of Technology Rawpixel.com/Shutterstock The federal government has launched a “rapid review” to look at what works to prevent bullying in schools. Led by mental health experts, the review will underpin a new national standard to

    In the trade wars, there are lessons for the US from Brexit. Australia and our trading partners should take note
    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, University of Adelaide General_4530/Getty While the Trump administration’s on-again, off-again trade wars wreak havoc on the business plans of the world’s exporters, the risks to the

    ‘That was rude’: why the new Broadway musical Death Becomes Her was ripe for TikTok memes
    Source: The Conversation (Au and NZ) – By Gregory Camp, Senior Lecturer, School of Music, University of Auckland, Waipapa Taumata Rau A few snippets of musicalised dialogue from the cast album of the new Broadway musical Death Becomes Her – with music and lyrics by Julia Mattison and Noel Carey, and a book by Marco

    Motarilavoa Hilda Lini, ‘a trailblazer’ for Vanuatu women in politics, dies
    RNZ Pacific Motarilavoa Hilda Lini, a pioneering Ni-Vanuatu politician, has died. Lini passed away at the Port Vila General Hospital on Sunday, according to local news media. Lini was the first woman to be elected to the Vanuatu Parliament in 1987 as a member of the National United Party. Motarilavoa Hilda Lini in 1989 .

    Fiji coup culture and political meddling in media education gets airing
    Pacific Media Watch Taieri MP Ingrid Leary reflected on her years in Fiji as a television journalist and media educator at a Fiji Centre function in Auckland celebrating Fourth Estate values and independence at the weekend. It was a reunion with former journalism professor David Robie — they had worked together as a team at

    Australia’s lowest paid workers just got a 3.5% wage increase. Their next boost could be even better
    Source: The Conversation (Au and NZ) – By John Buchanan, Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney Carlos Castilla/Shutterstock A week ago, the Australian Financial Review released this year’s “Rich List”. It reported the number of billionaires in Australia increased from 150 to 166 between 2024 and 2025.

    What’s a ‘Strombolian eruption?’ A volcanologist explains what happened at Mount Etna
    Source: The Conversation (Au and NZ) – By Teresa Ubide, ARC Future Fellow and Associate Professor in Igneous Petrology/Volcanology, The University of Queensland Fabrizio Villa / Getty Images On Monday morning local time, a huge cloud of ash, hot gas and rock fragments began spewing from Italy’s Mount Etna. An enormous plume was seen stretching

    The Queensland government is cancelling renewable energy projects. Can the state still reach net zero?
    Source: The Conversation (Au and NZ) – By Tony Wood, Program Director, Energy, Grattan Institute Johan Larson/Shutterstock On the surface, Queensland’s new government is doing exactly what it pledged before winning office in October – repealing the state’s ambitious renewable energy targets and cancelling a huge pumped hydro project near Mackay. But since the start

    PNG’s Namah calls for tighter bio controls, patrols on Indonesian border
    By Scholar Kassas in Port Moresby A Papua New Guinea minister has raised concerns about “serious issues” at the PNG-Indonesia border due to a lack of proper security checkpoints. Culture and Tourism Minister Belden Namah, who is also the member for the border electorate Vanimo-Green, voiced these concerns while supporting a new Biosecurity for Plants

    Samoa parliament formally dissolved after months of uncertainty
    RNZ Pacific Samoa’s Parliament has been formally dissolved, and an early election is set to take place within three months. After months of political instability and two motions of no confidence, Prime Minister Fiāme Naomi Mata’afa said she would call for the dissolution of Parliament if cabinet did not support her government’s budget. MPs from

    MIL OSI Analysis – EveningReport.nz –

    June 4, 2025
  • MIL-OSI China: Chinese carmakers lead Israel’s imported vehicle market in Jan.-May

    Source: People’s Republic of China – State Council News

    Chinese car manufacturers accounted for the largest share of Israel’s imported passenger car sales in the first five months, selling 39,582 gasoline and electric vehicles, according to figures issued by the Israel Vehicle Importers Association on Tuesday.

    BYD Auto led electric vehicle (EV) sales in Israel, selling 3,813 units between January and May, driven by its subcompact crossover Atto 3 and the mid-size Seal U SUV.

    Chinese automaker Xpeng Motor secured the second place with 3,650 EVs sold across three models. MG Motor, a Chinese-owned British brand, ranked third with 1,694 EVs sold, followed by China’s Chery, 1,675.

    Chinese automakers also dominated Israel’s EV market during the five months, accounting for 82.4 percent of total EV sales with 19,193 units delivered.

    South Korea and Japan were positioned as Israel’s second- and third-largest suppliers of imported cars in January-May, with 27,210 and 22,438 units sold, respectively, the data indicated. 

    MIL OSI China News –

    June 4, 2025
  • MIL-OSI China: Norwegian official hails Chinese innovation, calls for deeper maritime ties

    Source: People’s Republic of China – State Council News

    Even Tronstad Sagebakken (2nd L, Front), state secretary at Norway’s Ministry of Trade, Industry and Fisheries, tours the China Pavilion at Nor-Shipping 2025 in Lillestrom, Norway, on June 3, 2025. A Norwegian official has praised the green technologies and innovative solutions showcased by Chinese companies at Nor-Shipping 2025, expressing hope for enhanced maritime cooperation between Norway and China. [Photo/Xinhua]

    A Norwegian official has praised the green technologies and innovative solutions showcased by Chinese companies at Nor-Shipping 2025, expressing hope for enhanced maritime cooperation between Norway and China.

    After visiting the China Pavilion, Even Tronstad Sagebakken, state secretary at Norway’s Ministry of Trade, Industry and Fisheries, said he was impressed by the technological progress demonstrated by Chinese shipbuilders.

    It is impressive to see not only the innovation but also the practical implementation of green solutions by Chinese shipbuilders, Sagebakken said. “They are at the forefront of technology development… the advancements we need to drive the green transition in the maritime sector.”

    Sagebakken highlighted the long-standing collaboration between Norwegian and Chinese maritime firms, noting that many Norwegian suppliers are already involved in China’s shipbuilding industry. “It’s a partnership that goes way back, has developed over time, and is very much appreciated by the Norwegian side.”

    He expressed optimism that this cooperation will grow even stronger in the future, delivering further progress for both countries.

    Held in Lillestrom, about 20 km east of Oslo, Nor-Shipping is one of the world’s premier maritime trade fairs. Established in 1965 and held biennially, the four-day event runs through June 6, drawing nearly 1,000 companies and organizations from over 50 countries and regions.

    This year’s China Pavilion features more than 60 Chinese enterprises — both major state-owned and private companies, marking the largest Chinese presence in the event’s history. 

    MIL OSI China News –

    June 4, 2025
  • MIL-Evening Report: The chicks are alright: what songbirds can teach us about divorce and moving on

    Source: The Conversation (Au and NZ) – By Frigg Janne Daan Speelman, PhD Candidate in Behavioural Ecology, Macquarie University

    Charli Davies, CC BY-NC-ND

    In humans, it’s very common for the traditional family structure of two parents raising children to change abruptly. Usually, this happens when the parents decide to separate.

    Many separated couples are able to navigate this change well to ensure their children are not overly affected. But this isn’t guaranteed. Parental separation can lead to behavioural, developmental and health issues in children. The effect can be long-lasting.

    That’s humans. But many other species have a similar arrangement in choosing a long-term mate to raise offspring. What effect does it have when these couples split up?

    In our new research, we examine what happens after a family split in a tropical bird species known for its long-lasting partnerships. To our surprise, we found the separation had no long term effect on the health of their offspring.

    Family drama on a tropical island

    Most birds form strong partnerships to raise offspring as a couple. Raising baby birds is an intense job. Having two parents at the nest is often essential for the survival of the chicks.

    The Seychelles warbler is no exception. These small songbirds live only on the Seychelles, northeast of Madagascar.

    They often pair for life and defend a territory together. The longest documented partnership is 15 years.

    Still, family life is not always perfect for these warblers. Of all warbler couples, about one in seven (14%) end in a separation.

    In these cases, one of the parents leaves their territory and finds a new mate elsewhere when there is still an egg, young chick or fledgling in their original nest.

    The Seychelles warbler lives on a few islands in the Seychelles. This is the view from Cousin Island, home to a long-studied population of these songbirds.
    Frigg Speelman, CC BY-NC-ND

    How do you know if a bird is stressed?

    For decades, a team of international researchers has studied the population of warblers on Cousin Island nature reserve. The dataset they have gathered includes information about the relationship status of all birds, as well as measures of their wellbeing, lifespan and how many offspring they produce.

    Using this data, we looked at what happened to the offspring of partners who had split up.

    We measured the stress levels of chicks who hatched just before the ending of their parents’ relationship up to the moment they reached adolescence.

    In humans, it’s common to measure stress by looking at the levels of cortisol in saliva and hair. But measuring stress in birds is a little different. To do this, we used three biomarkers which indicate physiological stress experienced by animals.

    The first is telomere length, the protective “caps” on the end of chromosomes which protect DNA against damage. The shorter the telomeres, the higher the stress.

    The second is the percentage of red blood cells in blood, which shows how well a warbler chick can use oxygen. The third is body condition, which indicates a bird’s fat reserves. These three markers let us gauge the stress levels and health of young warblers.

    We also wanted to know whether parental separation would have lifelong consequences for the chicks. To find this out, we compared chicks from separated parents to those with more stable nests and assessed how long they lived and how many offspring they produced.

    Warbler separation doesn’t stress chicks

    What we found was surprising. There was no evidence the separation of parents affected the stress levels of chicks or their long-term survival and breeding success.

    Why might this be?

    One reason is that these birds don’t linger on the past. They move on very quickly.

    When a partnership ends through separation or death, it opens up a vacancy – which can be quickly filled.

    When separation happens, one bird leaves. The remaining partner can find themselves left with offspring to take care of themselves.

    But parenting chicks is only half the story – nesting is also about territory. Cousin is a very small island of just 0.3 square kilometres with over 300 Seychelles warblers living on it.

    That means the space to breed is very limited. As a result, when vacancies arise they’re often filled just hours after separation.

    For the chicks, this means they now have a step-parent who can help raise them almost immediately. This means they don’t face a future with less parental care.

    Family life can be complicated for the Seychelles warbler. Separations leave quickly filled vacancies, where unrelated birds can help raise young.
    Charli Davies, CC BY-NC-ND

    That’s not all. The Seychelles warbler is known for an unusual arrangement in which breeding couples sometimes receive help from other warblers, known as cooperative breeding.

    On Cousin Island, there are more Seychelles warblers than there are breeding vacancies, meaning many adults can’t secure a partner and territory. These adults can join couples in established territories and help raise the offspring. This extra help may offset any reduced parental care after the ending of a partnership, meaning the offspring are still well off.

    What we can learn from this

    Our research shows Seychelles warbler chicks are better able to weather their parents separating than we expected.

    Importantly, this humble bird is just one of a huge group of species who form socially monogamous partnerships where both parents raise the offspring.

    Whether a parental relationship ending affects other species remains to be seen.

    Frigg Janne Daan Speelman does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The chicks are alright: what songbirds can teach us about divorce and moving on – https://theconversation.com/the-chicks-are-alright-what-songbirds-can-teach-us-about-divorce-and-moving-on-256101

    MIL OSI Analysis – EveningReport.nz –

    June 4, 2025
  • MIL-Evening Report: Just the ticket? The problem with local body candidates aligning with national political parties

    Source: The Conversation (Au and NZ) – By Julienne Molineaux, Senior Lecturer, School of Social Sciences and Humanities, Auckland University of Technology

    Getty Images

    With accusations flying thick and fast last year about supposed “dysfunction” and a “shambles” at Wellington City Council, Local Government Minister Simeon Brown stepped in and appointed a Crown Observer.

    Announcing the move, Brown said the “financial and behavioural challenges” facing the council represented a problem under the Local Government Act. Part of the issue, Prime Minister Christopher Luxon claimed recently, was that there had been “way too much ideology and party politics”.

    With the Green-endorsed current mayor Tory Whanau withdrawing from the next election, and former Labour cabinet minister Andrew Little announcing his mayoralty bid, it remains to be seen whether those partisan perceptions have diminished.

    But at the other end of the political spectrum, the ACT Party is actively recruiting candidates to stand at the 2025 elections using its branding and policy platform. The ACT website states clear policy positions for prospective candidates to campaign on.

    The Local Government Act, on the other hand, requires elected members to consult with people affected by their decisions and to do so with an open mind. Reinforcing this point, the Office of the Auditor-General says those managing public resources must avoid holding pre-determined positions:

    You are not required to approach every decision as though you have given it no prior thought, or have no existing knowledge or opinion. However, you are required to keep an open mind, and you must be prepared to change or adjust your views if the evidence or arguments warrant it.

    If ACT is successful in building a local government ticket nationally, this tension – and the kind of tensions recently at play in Wellington – could be seen in other councils.

    Benefits of party branding

    Political party affiliations in local government are not actually the norm. In 2019, winning councillors around New Zealand mostly left the affiliation section of their nomination forms blank (60%) or stated they were “independent” (18%).

    Only 3% of winning councillors were affiliated with a registered political party, and 4% with a local grouping or ticket.

    But the picture changes in our three largest councils: Auckland Council, Christchurch City Council and Wellington City Council. No winning councillors in those cities left the affiliation section blank in 2019, 38% ran on a local ticket, and 22% for a political party.

    And there are good reasons for local body candidates to run as party-endorsed or on a local ticket, as former local body politician Shirin Brown outlined in her PhD thesis on Local Boards in Auckland: shared costs, shared resources (such as party volunteers to deliver leaflets), shared expertise and brand recognition for voters.

    Importantly, a candidate with low name recognition can coat-tail on higher profile candidates on the same ticket, or the public profile of the ticket overall. Other research suggests the strategy works: in Auckland, at least, those who stand with a group affiliation are more likely to be elected than those who do not.

    In larger urban areas, with high populations and low levels of representation per capita, visible groupings of local government candidates make sense. Research reveals a major obstacle to voting in local elections is a lack of information about candidates and what they stand for.

    Blurred party lines

    Once elected, though, there are questions about the cohesion of groupings. Shirin Brown found the ad-hoc nature of some local tickets for Auckland’s local boards – formed for strategic election reasons but with little coherence or discipline once elected – sometimes collapsed once in office.

    In Auckland, ward councillors and the mayor have run with group branding, but there is little evidence of whipping along party, ticket or broad ideological lines.

    As a councillor for the Manukau ward (2016-2022), the late Efeso Collins stood for election as a Labour Party candidate, but he voted against some initiatives of the Mayor Phil Goff, a former leader of the Labour Party.

    Communities and Residents (C&R) councillors have mostly been aligned with the National Party, but have also included ACT and unaffiliated centre-right candidates.

    While they often voted against Goff, and earlier against Labour Party member Len Brown (mayor from 2010-2016), it wasn’t always as a uniform block. Indeed, Brown’s initiatives were simultaneously opposed by Cathy Casey (City Vision) on the left and Cameron Brewer (C&R) on the right.

    Keeping an open mind

    As this year’s local elections approach, the Crown Observer for Wellington City Council, Lindsay McKenzie, has written candidate guidelines about political affiliations and their legal obligations to avoid predetermined positions.

    These cover the promises they make on the campaign trail as well as how they act once elected. They address the tension between the democratic act of signalling your values and policy positions to voters, and the requirement under the Local Government Act to make decisions based on local concerns rather than political affiliation.

    As McKenzie points out, having an open mind is not just an issue for party members. It also applies to those who stand as independents and adhere rigidly to policy positions they campaigned on.

    Irrespective of their affiliation, candidates in the upcoming local elections have a tightrope to walk – between declaring their values and policy positions, and being receptive to new information and perspectives once elected.

    Voters need to accept elected members may have access to information that was not available when they were campaigning. And the political media needs to give some leeway to councillors and mayors who change their positions.

    Julienne Molineaux does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Just the ticket? The problem with local body candidates aligning with national political parties – https://theconversation.com/just-the-ticket-the-problem-with-local-body-candidates-aligning-with-national-political-parties-257887

    MIL OSI Analysis – EveningReport.nz –

    June 4, 2025
  • MIL-OSI USA: MENG VISITS FIREFIGHTERS AT MASPETH FIREHOUSE

    Source: United States House of Representatives – Congresswoman Grace Meng (6th District of New York)

    QUEENS, NY – U.S. Rep. Grace Meng (D-Queens) recently visited with Queens firefighters from Squad 288/HazMat 1 at their firehouse in Maspeth, Queens.

    Also joining Meng for the visit were Fire Commissioner Robert Tucker, Chief of Department John Esposito and other FDNY officials.

     “I thank the members of Squad 288/HazMat 1 for welcoming me to their firehouse,” said Congresswoman Meng. “It was an honor to meet with them and thank them for working tirelessly to keep many of my constituents safe. I am always proud to be a friend of the FDNY and support the work they do so that New York’s Bravest can continue saving lives and protecting our communities.”

    During her visit, Meng toured the firehouse and its equipment, talked with firefighters and officials and discussed funding for the firehouse. She also had lunch with the firefighters. In addition, she remembered the nineteen firefighters from the firehouse who were killed while responding to the World Trade Center attack on 9/11, which was the most of any New York City firehouse.

    Squad 288 and HazMat 1 share the same firehouse in Maspeth which is located at 56-29 68th Street. HazMat 1 also serves as the HazMat headquarters for the FDNY.

    Meng also supports efforts to designate the firehouse as a city landmark in honor of its historical significance and the loss of many firefighters.

    MIL OSI USA News –

    June 4, 2025
  • MIL-OSI China: China slams EU’s protectionist move targeting Chinese medical device firms

    Source: People’s Republic of China – State Council News

    China firmly opposes the EU’s protectionist move to limit Chinese medical device firms from participating in major EU public procurement tenders, the Ministry of Commerce said Tuesday.

    The statement came in response to the EU member states’ decision to block Chinese companies from participating in public procurement tenders in the medical device sector for contracts valued over 5 million euros (about 5.72 million U.S. dollars) under the bloc’s International Procurement Instrument. The plan, reportedly approved on Monday, would prohibit Chinese firms from bidding on such contracts for a five-year period.

    The EU’s decision and discriminatory measures harm the interests of Chinese enterprises, and also undermine fair competition and set up new trade barriers through unilateral tools, the ministry noted, stressing that China firmly opposes such a protectionist move.

    The global economic order is facing severe challenges from unilateralism and protectionism, the ministry said.

    As responsible major economies, China and the EU should adhere to WTO rules, uphold the principles of fairness, transparency and non-discrimination, address challenges through mutual openness, and resolve differences through cooperative dialogue to jointly safeguard the healthy development of China-EU economic and trade relations, the ministry added.

    It is hoped that the EU will rectify its misguided approach, the ministry said, stressing that China will closely monitor the EU’s subsequent actions and take necessary measures to safeguard the lawful rights and interests of Chinese enterprises. 

    MIL OSI China News –

    June 4, 2025
  • MIL-OSI USA: Governor Polis Signs Bills into Law Supporting Service Members, Veterans, and Military Connected Coloradans and Families

    Source: US State of Colorado

    DENVER – Today, Governor Polis bills into law to support members of the military, veterans, and military connected families. 

    Governor Polis signed the following bills into law: 

    • SB25-279 – Colorado Code of Military Justice Updates, sponsored by Senators Matt Ball Byron Pelton, and Representatives Monica Duran and Andrew Hartsook
    • SB25-282 – Protections for Veterans Seeking Benefits, sponsored by Senators Matt Ball and Byron Pelton, and Representatives Lisa Feret and Ryan Armagost
    • HB25-1083 – Vehicle Transactions Deployed Military Families, sponsored by Representatives Eliza Hamrick and Marry Bradfield, and Senators Lisa Frizell and Dafna Michaelson Jenet 

    “Military families and veterans have long called Colorado home, and we are committed to continuing our work to expand resources for military connected Colordans by protecting veterans benefits, creating more transportation options for military families, and ensuring mission readiness for active military personnel,” said Governor Polis. 

    Governor Polis also signed SB25-304 – Measures to Address Sexual Assault Kit Backlog, sponsored by Representatives Willford and Froelich, and Senator Weissman. 

    “Everyone who has experienced sexual assault deserves justice and this new law moves us closer to ensuring that. I thank the bill sponsors for their work to address this urgent situation and help hold perpetrators accountable,” said Governor Polis. 

    Governor Polis also signed the following bills into law administratively: 

    • HB25-1031 – Law Enforcement Whistleblower Protection, sponsored by Representatives Bacon and Clifford, and Senators Roberts and B. Pelton
    • HB25-1198– Regional Planning Roundtable Commission, sponsored by Representatives Froelich and Brown, and Senator Winter
    • HB25-1313 – Modify Laws Within Purview of the Capital Development Committee, sponsored by Representatives Story and Lindsay, and Senators Mullica and Hinrichsen
    • HB25-1322 – Enforce Insurer Compliance Requests Insurance Policy, sponsored by Representatives Carter and Espenoza, and Senators Exum and Roberts
    • HB25-1329 – Foreign Third-Party Litigation Financing, sponsored by Representatives Mabrey and Soper, and Senators Frizell and Gonzales
    • SB25-083 – Limitations on Restrictive Employment Agreements, sponsored by Senators Daugherty and Frizell, and Representatives Brown and Garcia Sander
    • SB25-142 – Changes to Wildfire Resiliency Code Board, sponsored by Senators Baisley and Cutter, and Representative Velasco
    • SB25-145 – Online Cancellation of Automatic Renewal Contracts, sponsored by Senator Kipp, and Representative Lindsay and Zokaie
    • SB25-147 – Modify Board Management Public Employees’ Retirement Association, sponsored by Senators B. Pelton and Kolker, and Representatives Garcia Sander and Lukens
    • SB25-165 – Licensure of Electricians, sponsored by Senators B. Pelton and Daugherty, and Representatives Lindstedt and Woog
    • SB25-193 – Sunset Primary Care Payment Reform Collaborative, sponsored by Senators Ball and Mullica, and Representatives Garcia Sander and McCormick
    • SB25-214 – Healthy School Meals Program For All, sponsored by Senators Bridges and Amabile, and Representatives Sirota and Taggart
    • SB25-262 – Changes to Money in the Capital Construction Fund, sponsored by Senators Amabile and Kirkmeyer, and Representatives Bird and Taggart
    • SB25-268 – Changes to Money in the Marijuana Tax Cash Fund, sponsored by Senators Bridges and Kirkmeyer, and Representatives Bird and Sirota
    • SB25-271 – Repeal Obsolete Family & Medical Leave Study, sponsored by Senators Ball and Rich, and Representatives Espenoza and Luck
    • SB25-274 – Amend Delivery Requirements Wine Direct Shipping, sponsored by Senators Rodriguez and Lundeen, and Representatives Lindstedt and Hartsook
    • SB25-275 – Nonsubstantive Relocation of Definitions in Colorado Revised Statutes, sponsored by Senators Ball and Catlin, and Representatives Luck and Espenoza
    • SB25-287 – Capitol Building Advisory Committee Modifications, sponsored by Senator Michaelson Jenet and Representative Lindstedt
    • SB25-291 Division Criminal Justice Spending Authority Community Corrections, sponsored by Senators Amabile and Kirkmeyer, and Representatives Sirota and Taggart
    • SB25-293 – Transfers from License Plate Cash Fund, sponsored by Senators Bridges and Kirkmeyer, and Representatives Bird and Sirota
    • SB25-307 – Decarbonization Tax Credits Administration Cash Fund, sponsored by Senators Amabile and Bridges, and Representatives Sirota and Bird
    • SB25-311 – Inactive Cash Funds, sponsored by Senators Amabile and Kirkmeyer, and Representatives Bird and Taggart
    • SB25-314 – Recovery Audit Contractor Program, sponsored by Senators Kirkmeyer and Bridges, and Representatives Bird and Sirota
    • SB25-320 – Commercial Motor Vehicle Transportation, sponsored by Senators Bridges and Kirkmeyer, and Representatives Bird and Taggart
    • SB25-321 – Motor Vehicle Emissions Inspection Facilities, sponsored by Senators Kirkmeyer and Rodriguez, and Representatives Joseph and Gonzalez
    • SB25-317 – Transfer Cash Fund Investment Earnings to General Fund, sponsored by Senators Kirkmeyer and Bridges, and Representatives Bird and Taggart
    • HB25-1038 – Postsecondary Credit Transfer Website, sponsored by Representatives Hamrick and Johnson, and Senators Marchman and Baisley
    • HB25-1121 – Permanent Trailer Registration, sponsored by Representatives Suckla and Lukens, and Senators R. Pelton and Marchman
    • HB25-1189 – Motor Vehicle Registration Reform & Fees, sponsored by Representatives Mauro and Weinberg, and Senator Wallace
    • HB25-1014 – Increasing Efficiency Division of Water Resources, sponsored by Representatives Johnson and Lukens, and Senators Roberts and Simpson
    • HB25-1236 – Residential Tenant Screening, sponsored by Representatives Lindsay and Zokaie, and Senators Weissman and Jodeh
    • HB25-1249 – Tenant Security Deposit Protections, sponsored by Representatives Ricks and Bacon, and Senators Exum and Danielson
    • HB25-1289 – Metropolitan District Leases & Property Tax Exemptions, sponsored by Representatives Zokaie and Richardson, and Senators Weissman and Frizell
    • HB25-1333 – Legislative Human Resources Division, sponsored by Speaker McCluskie and Majority Leader Duran, and Senate President Coleman and Majority Leader Rodriguez
    • HB25-1335 – Tax Credit Availability, sponsored by Representatives Sirota and Taggart, and Senators Bridges and Kirkmeyer
    • SB25-018 – Online Search of Sales & Use Tax, sponsored by Senators Bridges and Kipp, and Representative Taggart
    • SB25-026 – Adjusting Certain Tax Expenditures, sponsored by Senator Mullica, and Representatives Marshall and Joseph
    • SB25-027 – Trauma-Informed School Safety Practices, sponsored by Senators Marchman and Representatives Joseph and Gonzalez
    • SB25-037 – Coal Transition Grants, sponsored by Senators Roberts and Kirkmeyer, and Representatives Taggart and Mauro
    • HB25-1149 – Comprehensive Black History & Culture Education in K-12, sponsored by Representative English, and Senator Exum
    • HB25-1117 – Vehicle Immobilization Company Regulation, sponsored by Representatives Joseph and Boesenecker, and Senators Gonzales and Weissman
    • SB25-297 – Implementation of Colorado Natural Medicine Initiative, sponsored by Senator Ball, and Representative Feret
    • HB25-1209 – Marijuana Regulation Streamline, sponsored by Representatives Lindstedt and Willford, and Senator Gonzales and Majority Leader Rodriguez
    • HB25-1245 – Heating Ventilation & Air Conditioning Improvement Projects in Schools, sponsored by Representatives Lieder and Hamrick, and Senators Kipp and Danielson
    • HB25-1130 – Labor Requirements for Government Construction Projects, sponsored by Representative Carter and Majority Leader Monica Duran, and Senators Danielson and Kolker
    • HB25-1284 – Regulating Apprentices in Licensed Trades, sponsored by Majority Leader Duran and Senator Sullivan
    • SB25-048 – Diabetes Prevention & Obesity Treatment Act, sponsored by Senators Michaelson Jenet and Mullica, and Representatives Brown and Mabrey
    • HB25-1208 – Local Governments Tip Offsets for Tipped Employees, sponsored by Representatives Woodrow and Valdez, and Senators Amabile and Daugherty
    • HB25-1330 – Exempting Quantum Computing Equipment Right to Repair, sponsored by Representatives Titone and Soper, and Senators Hinrichsen and Baisley
    • HB25-1274 – Healthy School Meals for All Program, sponsored by Representative Garcia, and Senators Michaelson Jenet and Wallace

    ###

    MIL OSI USA News –

    June 4, 2025
  • MIL-OSI Asia-Pac: Inaugural edition of Kung Fu Film Festival successfully concluded in Toronto (with photos)

    Source: Hong Kong Government special administrative region

    ​The Hong Kong Economic and Trade Office (Toronto) (Toronto ETO) supported the inaugural edition of the Kung Fu Film Festival (Festival), which has presented six screenings of martial arts movies across the Greater Toronto Area from May 31 to June 1 (Toronto time) to celebrate the 50 years of Hong Kong’s kung fu cinema heritage and its influence on global film culture.

    To mark the festival’s debut, Toronto ETO hosted an opening ceremony in Markham on May 31 with the presence of Canada Hong Kong Intercultural Association President and the Festival Chair, Ms Connie Yu, Secretary Manager of Southern Film Culture Foundation and the Festival Curator, Ms Catherine Lam, along with the Consul-General of the People’s Republic of China in Toronto, Mr Luo Weidong, Senator Mr Woo Yuen-pau, Member of Parliament of Canada Mr Michael Ma and about 50 guests from the local film, cultural and business communities. Some of them also graced the closing ceremony before the screening of the Hong Kong production “Twilight of the Warriors: Walled In” directed by Soi Cheang and starring Louis Koo, Raymond Lam and Philip Ng in Toronto on June 1.

    Speaking at the closing ceremony, the Acting Director of the Toronto ETO, Mr Gavin Yeung, highlighted Hong Kong’s position as an international hub for the arts, cultural and creative industries.

         “Each film featured in this festival is a gem of Hong Kong’s film industry,” Mr Yeung shared. “Over the decades, Hong Kong movies and film talents have won numerous international awards. Many Hong Kong actors, directors, cinematographers and producers have become household names at global level.”

    Mr Yeung also reaffirmed the commitment of the Hong Kong Special Administrative Region Government to supporting the cultural and creative industries, noting that significant funding has been approved through the Film Development Fund for film projects. He added that the Toronto ETO would continue to bring more Hong Kong films to participate in various international film festivals across Canada.

    The two-day festival curated a selection of six Hong Kong martial arts films produced between 1974 and 2024, including “The Shaolin Temple” (including a special AI anime version), “Martial Club”, “Ip Man 3”, “Kids from Shaolin”, “Hapkido”, and “Twilight of the Warriors: Walled In”, offering Canadian audience a dynamic view into the evolution of Hong Kong-produced kung fu cinema.

    In addition, a student seminar with Q&A session was held during the festival at Cineplex Cinemas Scarborough on June 1. The audience actively engaged in the discussion and shared their views on Hong Kong’s martial arts movies.

    MIL OSI Asia Pacific News –

    June 4, 2025
  • MIL-OSI Global: Ukraine’s drone attacks on Russian airfields could derail Russia’s war efforts

    Source: The Conversation – Canada – By James Horncastle, Assistant Professor and Edward and Emily McWhinney Professor in International Relations, Simon Fraser University

    The drone attacks by Ukrainian Operation Spider’s Web forces on Russian airfields have called into question Russia’s supposed military strength.

    Russian authorities have acknowledged damage from the June 1 attacks — an unusual admission that suggests the strikes were probably effective, given Russia’s usual pattern of downplaying or denying the success of Ukrainian operations.

    The operation’s most significant target was the Belaya air base, north of Mongolia. Belaya, like the other bases targeted, is a critical component in the Russian Air Force’s strategic strike capabilities because it houses planes capable of long-range nuclear and conventional strikes.

    It’s also in Irkutsk, approximately 4,500 kilometres from the front lines in Ukraine.




    Read more:
    Ukraine drone strikes on Russian airbase reveal any country is vulnerable to the same kind of attack


    Ukraine’s ability to successfully strike Belaya — an attempted strike at the even more distant Ukrainka air base failed — probably won’t have much of a military impact on the war. But along with successful attacks on other Russian airfields and the strike at the Kerch Bridge in Crimea, Operation Spider Web’s successes could play a strategic role in the conflict.

    These attacks could shift what has become increasingly negative media coverage and public perception about Ukraine’s chances in the war over the last year. In a war of attrition, which the conflict in Ukraine has become, establishing a belief in victory is a pre-condition for success.

    Explosions hit the Kerch Bridge in Russia on June 3, 2025. (The Independent)

    Increased pessimism

    Policymakers and pundits, instead of recognizing their expectations of a Ukrainian victory in 2023 were unrealistic, have often declared that the war is unwinnable for Ukraine.

    This perspective was even more prevalent following United States President Donald Trump’s resumption of power in January 2025. In the Oval Office spat Trump had with Ukrainian President Volodymyr Zelenskyy in late February, he declared Ukraine did not “have the cards” to defeat Russia.

    This turned out to be false. Ukraine’s army may possess significantly less military hardware and fewer soldiers than Russia’s, but war is often a continuation of politics. Politically, Russia faces several issues that could derail its war efforts.

    Russian vulnerabilities

    Russia’s military capabilities are important to Russian nationalists, who make up Russian leader Vladimir Putin’s core constituency. Russian military forces have advanced along nearly all fronts in Ukraine over the last year.

    These advances, however, have largely been insignificant. Furthermore, they have emphasized Russia’s military weakness, which is an ongoing affront to Russian nationalists.

    Not only have Russian military advances over the last year not changed the war in a strictly military sense, but the pace of advance has been incredibly slow. Over the last year, Russian forces have captured 5,107 square kilometres of Ukrainian territory. This territory represents less than one per cent of Ukraine’s pre-war territory.

    In exchange for what amounts to negligible gains, Russian armed forces have suffered significant casualties.

    Both Russia and Ukraine carefully guard the number of casualties their forces have suffered in the war. The British Ministry of Defence, however, estimates that Russia will have suffered more than a million casualties in the war by the end of this month. The Russian casualty rate is also accelerating, with an estimated 160,000 casualties in the first four months of 2025.

    Russia attempts to compensate for this battlefield devastation in two ways.

    First, it’s isolated Ukraine by manipulating Trump’s desire for political wins and business deals. Russia, in appearing to seek an end to the conflict while offering no concessions, has stoked tensions between Zelenskyy and Trump, where there was little love lost between the two to begin with.

    Second, Russia has increased its attacks on Ukrainian civilian infrastructure. Large-scale bombing does little to help Russia on the battlefield. The attacks, in fact, put its forces at a disadvantage by redirecting munitions from military targets.

    Attacks on civilians

    The attacks on civilian infrastructure, however, are more about instilling fear in the Ukrainian population and demonstrating American impotence to a Russian audience.

    Russia’s attacks on Ukrainian cities also highlight Russia’s trump card: nuclear weapons. Russia, and specifically former Russian president Dimitry Medvedev, has repeatedly threatened nuclear war in an attempt to dissuade Ukraine’s supporters.

    By bombing Ukrainian cities, albeit with conventional munitions, Russia seeks to demonstrate its ability to deploy even more destructive weapons should the situation call for it.

    These Russian military missteps, combined with a Russian economy that is structurally unsound, means that Russia’s war effort is increasingly fragile.

    Weakening Asian alliances

    Ukraine’s attack on Belaya also signals Russian weakness to its nominal allies in Asia.

    Since the start of hostilities, Russia has relied on the tacit consent of China. This support has taken the form of China purchasing Russian crude oil to maintain the Russian economy and Chinese citizens unofficially fighting for Russia.

    Belaya has been a vital element of Russia’s deterrence strategy in Asia, which has come to rely more heavily on the Russian strategic nuclear threat. The inability of Russia to protect one of its key strategic assets from a Ukrainian drone attack, combined with the weakness of Russian conventional forces in Ukraine, erodes its ability to position itself as a key ally to China.

    In fact, some Russian authorities continue to view China as a major threat.

    At the same time, Operation Spider’s Web gives hope to the Ukrainian people. It may also cause Trump — who prefers to back winners — to ponder whether it’s Putin, not Zelenskyy, who lacks the cards to win the war.

    James Horncastle does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Ukraine’s drone attacks on Russian airfields could derail Russia’s war efforts – https://theconversation.com/ukraines-drone-attacks-on-russian-airfields-could-derail-russias-war-efforts-258049

    MIL OSI – Global Reports –

    June 4, 2025
  • MIL-OSI China: Chinese premier meets Japanese business delegation

    Source: People’s Republic of China – State Council News

    Chinese Premier Li Qiang meets with a delegation led by Yohei Kono, president of the Japanese Association for the Promotion of International Trade (JAPIT), at the Great Hall of the People in Beijing, capital of China, June 3, 2025. [Photo/Xinhua]

    BEIJING, June 3 — Chinese Premier Li Qiang met with a delegation led by Yohei Kono, president of the Japanese Association for the Promotion of International Trade (JAPIT), in Beijing on Tuesday.

    Li said China is ready to work actively with all sectors in Japan to implement the political consensus that the two countries are cooperative partners, not threats to each other, achieve more tangible results in practical cooperation, and consolidate the foundation of political mutual trust and people-to-people friendship.

    Li expressed the hope that Japan will work with China to constructively manage differences, firmly grasp the correct direction of bilateral relations, and promote the healthy and steady development of bilateral relations.

    China and Japan have many unique advantages in deepening cooperation, Li said, adding that both sides should leverage these advantages to achieve greater mutual benefits and win-win results, inject momentum into each other’s development, and make greater contributions to global economic growth.

    Li said that China will firmly expand high-level opening up and welcome more foreign-funded enterprises, including those from Japan, to develop in China. It is hoped that the JAPIT will continue to play an active role in deepening economic and trade cooperation, and enhance friendship and mutual trust between the two countries, he added.

    Kono said that under the current international situation, Japan and China should enhance communication and coordination to jointly safeguard multilateralism and the free trade system.

    The JAPIT has long been committed to Japan-China friendship and is willing to continue to expand exchanges with China, enhance mutual understanding, and make positive contributions to deepening ties between the two peoples and promoting mutually beneficial cooperation, he said.

    Chinese Premier Li Qiang meets with a delegation led by Yohei Kono, president of the Japanese Association for the Promotion of International Trade (JAPIT), at the Great Hall of the People in Beijing, capital of China, June 3, 2025. [Photo/Xinhua]

    MIL OSI China News –

    June 4, 2025
  • MIL-OSI New Zealand: Banking – ASB Business Survey: The impact of Trump’s tariffs, according to Kiwi businesses

    Source: ASB

    Research released today by ASB, supported by Talbot Mills Research, shows Kiwi businesses see US tariffs as more impactful than Covid-19 or the Global Financial Crisis.  More than 300 business leaders, including CEOs and founders, contributed to the study, giving their insights on President Trump’s recently announced trade policies.

     

    • Two-thirds (67%) of businesses are concerned about the impact of proposed US tariffs in the next 12 months, with nearly 80% of exporters concerned
    • Kiwi business leaders believe Trump’s tariffs will have a more severe global impact than Covid-19 and the GFC
    • Meat, dairy and wine are seen as the most vulnerable within Food and Fibre sector, while businesses predict wool and seafood would fare better
    • Nearly one-quarter (24%) of Kiwi businesses see at least some opportunity in the tariffs
    • More than one-third (39%) of respondents listed support of banks as critical to navigating the current environment

     

    Tariffs: a threat and an opportunity for Kiwi businesses

    ASB’s Executive General Manager Business Banking Rebecca James says: “We’re seeing sustained market volatility with the ever-changing political decisions around tariffs, which naturally creates a heightened sense of uncertainty for businesses. It’s clear businesses view any proposed US tariffs as troubling, but it’s pleasing that nearly a quarter of respondents see opportunity in tariffs too. New Zealand has a reputation on the world stage for ingenuity and a can-do attitude, and we want businesses to know there are things they can do to future-proof and manage risks in turbulent times.”

    President Trump first announced tariffs in April as part of the ‘America First’ trade policy, aimed at protecting US industries and addressing the trade deficit. The tariffs are set at 10% for most countries, including New Zealand, with China a notable outlier where a larger tariff has been applied to Chinese origin goods. Additional proposed tariffs higher than the 10% baseline were paused for a 90-day period and will be reviewed in July.  Businesses are split on how long potential disruption could last.  A slight majority (51%) of Kiwi businesses are optimistic that the economy will recover quickly, while 38% predict a prolonged economic downturn for the country and the remainder were unsure.

    Taking action key to growth

    14% of those surveyed view US tariffs purely as an opportunity, while 10% see them as both a potential risk and an opportunity. Ten percent of businesses and 14% of exporters have already taken action to reduce the negative impacts of tariffs including raising prices, shifting markets or cutting costs. Just under one-third (30%) believe they can make up losses through new customers or cost savings; 25% from operational efficiencies, and 22% from other revenue streams. 22% are unsure, with uncertainty highest among small businesses.

    “The current market volatility and geopolitical tension may be our ‘new normal’, but we’ve been in positions of global uncertainty before and the research shows Kiwi businesses are already thinking about actions they can take to make their business more resilient and generate returns.”

    Ms James encourages businesses to stay connected to industry partners, trade advocacy groups and their banks to share knowledge and ideas when it comes to growth and scale.

    “Business customers are relying on us more than ever to navigate the current environment, and we’re seeing this through an increase in trade finance and a rise in currency hedging enquiries. Our advice is to start exploring options now. We’re seeing customers adapting their business strategy in all sorts of ways, so solutions for your business might look like assessing AI to improve workflow, adjusting your supply chain, selling down stock before new inventory orders, building new trade relationships or exploring untapped markets.”

    Businesses shifting their focus to closer to home

    More than three-quarters of Kiwi exporters expect the cost of doing business with the US to increase by 10% or more in the next year. Concern is higher among exporters (78%) and increases with business size, with worry growing to 88% among 100+ staff businesses). The potential impacts of tariffs which were of the most concern to businesses include slowing economic growth (39%), increased operating costs (32%) and supply chain disruptions (28%).  Nearly one-quarter of businesses are worried about consumer backlash due to price inflation (24%), along with 23% who see a China-US Trade war as unsettling for business. Some of the most explored markets by businesses are China (51%), Australia (37%), European Union (28%) and Southeast Asia (25%).  

    “The research shows a pendulum swing when it comes to trading partners, with businesses redirecting their attention to our close neighbours. Location seems to be king, with our customers prioritising relationships much closer to home,” says Ms James.

    “We’re also seeing exporters maintaining high standards and doubling down on premium products to give us an edge on the global stage, even where it costs more for consumers.”

    The role of banks as a critical support function

    Businesses see Government lobbying as the most critical tool in helping to reduce the impact of tariffs, with banks the next most important. More than one-third (39%) of respondents listed support of banks as critical, specifically working capital support (31%), risk advice (26%) and trade finance (24%).

    “ASB has provided $4.6 billion dollars to Kiwi businesses over the past five years including considerable support to companies looking to expand and navigate opportunities abroad. We have seen increased use of trade finance products, aided by trade credit insurance, enabling businesses to sustainably leverage balance sheets while derisking payment default. We encourage companies doing business overseas to speak with their banker and engage with a trade specialist to ensure your business is in the strongest position,” says Ms James.

    Notes: Results in this report are based upon questions asked in a Talbot Mills Research online survey. The basis of the sample is 344 New Zealand business leaders (business owners, C-suite, senior management), with the survey in field between 24 April and 5 May 2025.

    MIL OSI New Zealand News –

    June 4, 2025
  • MIL-OSI USA News: Adjusting Imports of Aluminum and Steel into the United States

    Source: US Whitehouse

    class=”has-text-align-center”>BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
     
    A PROCLAMATION

    1.  On January 11, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on the Secretary’s investigation into the effect of imports of steel mill articles (steel articles) on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (section 232).  The Secretary found and advised me of his opinion that steel articles are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.

    2.  In Proclamation 9705 of March 8, 2018 (Adjusting Imports of Steel Into the United States), and Proclamation 9980 of January 24, 2020 (Adjusting Imports of Derivative Aluminum Articles and Derivative Steel Articles Into the United States), I concurred with the Secretary’s findings that steel articles, as defined in clause 1 of Proclamation 9705, and derivative steel articles, as described in clause 3 of Proclamation 9980, are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States, and I decided to adjust the imports of those steel articles and derivative steel articles by imposing a 25 percent ad valorem tariff on such articles imported from most countries.  In Proclamation 10896 of February 10, 2025 (Adjusting Imports of Steel Into the United States), I decided to adjust the imports of steel articles and derivative steel articles by imposing a 25 percent ad valorem tariff on such articles imported from all countries. 

    3.  On January 19, 2018, the Secretary transmitted to me a report on the Secretary’s investigation into the effect of imports of aluminum articles on the national security of the United States under section 232.  The Secretary found and advised me of his opinion that aluminum articles are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.

    4.  In Proclamation 9704 of March 8, 2018 (Adjusting Imports of Aluminum Into the United States), and Proclamation 9980, I concurred with the Secretary’s findings that aluminum articles, as defined in clause 1 of Proclamation 9704, and derivative aluminum articles, as described in clause 3 of Proclamation 9980, are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States, and decided to adjust the imports of aluminum articles and derivative aluminum articles by imposing a 10 percent ad valorem tariff on such articles imported from most countries.  In Proclamation 10895 of February 10, 2025 (Adjusting Imports of Aluminum Into the United States), I decided to adjust the imports of aluminum articles and derivative aluminum articles by imposing a 25 percent ad valorem tariff on such articles imported from all countries.

    5.  In Proclamation 10896 and Proclamation 10895, I instructed the Secretary to continue to monitor imports of steel articles and derivative steel articles, and aluminum articles and derivative aluminum articles, respectively, and to review the status of such imports with respect to the national security of the United States.  The Secretary has done so and has advised me accordingly.

    6.  After considering current information newly provided by the Secretary, among other things, I have determined that it is necessary to increase the previously described steel and aluminum tariffs to adjust the imports of steel and aluminum articles and their derivative articles so that such imports will not threaten to impair the national security.  In my judgment, the increased tariffs will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminum in the United States market and thereby undercut the competitiveness of the United States steel and aluminum industries.  Although the previously imposed steel and aluminum tariffs have helped provide critical price support in the United States market, they have not yet enabled these industries to develop and maintain the rates of capacity production utilization that are necessary for the industries’ sustained health and for projected national defense needs.  I have determined that increasing the previously imposed tariffs will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminum articles and their derivative articles.  

    7.  Accordingly, I have determined that it is necessary and appropriate to increase the tariff rate for imports of steel articles and derivative steel articles, and aluminum articles and derivative aluminum articles, from 25 percent ad valorem to 50 percent ad valorem effective as of 12:01 a.m. eastern daylight time on June 4, 2025.  I have also determined that it is necessary and appropriate to modify the way in which the tariff measures described in Executive Order 14289 of April 29, 2025 (Addressing Certain Tariffs on Imported Articles), apply to steel articles and derivative steel articles, and aluminum articles and derivative aluminum articles, to ensure the effectiveness of the tariff changes described in this proclamation and the alignment of policy priorities between this proclamation and Executive Order 14289.  I have further determined that it is necessary and appropriate to allow for the implementation of the U.S.-UK Economic Prosperity Deal of May 8, 2025 (EPD), and to accordingly provide different treatment, as described below, for imports of steel and aluminum articles, and their derivatives, from the United Kingdom.  

    8.  Section 232 authorizes the President to adjust the imports of an article and its derivatives that are being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security.

    9.  Section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), authorizes the President to embody in the Harmonized Tariff Schedule of the United States (HTSUS) the substance of statutes affecting import treatment, and actions thereunder, including the removal, modification, continuance, or imposition of any rate of duty or other import restriction.

    Now, Therefore, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States of America, including section 232; the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.); section 301 of title 3, United States Code; and section 604 of the Trade Act of 1974, as amended, do hereby proclaim as follows:
    (1)  As set forth in Annexes I and II to this proclamation, as of 12:01 a.m. eastern daylight time on June 4, 2025, the tariffs proclaimed by Proclamation 9704, as amended; Proclamation 9705, as amended; Proclamation 9980, as amended; Proclamation 10895; and Proclamation 10896 are modified to increase the respective tariff rates from an additional 25 percent ad valorem to an additional 50 percent ad valorem. 
    (2)  The modifications to the HTSUS made by clause 1 of this proclamation shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on June 4, 2025, and shall continue in effect, unless such actions are expressly reduced, modified, or terminated.
    (3)  Any imports of articles set forth in Annex II to this proclamation that were admitted into a United States foreign trade zone under “privileged foreign status” as defined in 19 CFR 146.41 before 12:01 a.m. eastern daylight time on June 4, 2025, shall be subject upon entry for consumption made on or after 12:01 a.m. eastern daylight time on June 4, 2025, to the provisions of the tariff in effect at the time of the entry for consumption.
    (4)  Any article set forth in Annex I to this proclamation, except those eligible for admission under “domestic status” as defined in 19 CFR 146.43, that is subject to a duty imposed by this proclamation and that is admitted into a United States foreign trade zone on or after June 4, 2025, may be admitted only under “privileged foreign status” as defined in 19 CFR 146.41, and will be subject upon entry for consumption to any ad valorem rates of duty related to the classification under the applicable HTSUS subheading.
    (5)  Effective as of 12:01 a.m. eastern daylight time on June 4, 2025, Executive Order 14289 is amended by revising section 3(a)(ii) to read as follows:  “(ii) An article subject to tariffs pursuant to the actions listed in section 2(d) or 2(e) of this order shall not be subject to additional tariffs on that article pursuant to the actions listed in section 2(b) or 2(c) of this order.”  As set forth in Annex III of this proclamation, this amendment shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on June 4, 2025, and shall continue in effect, unless such actions are expressly reduced, modified, or terminated.
    (6)  Notwithstanding any prior proclamation or Executive Order, the non-aluminum, non-steel content of all aluminum and steel articles and derivative articles shall be subject to tariffs pursuant to Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits), as amended, and any other applicable tariffs.  The additional ad valorem duties described in clause 1 and clause 7 of this proclamation shall apply only to the steel content of articles in Chapter 73 of the HTSUS and only to the aluminum content of articles in Chapter 76 of the HTSUS.  U.S. Customs and Border Protection (CBP) shall issue authoritative guidance mandating strict compliance with declaration requirements for steel and aluminum content in imported articles and outlining maximum penalties for noncompliance, including that importers who submit underreported declarations may be subject to severe consequences, including but not limited to significant monetary penalties, loss of import privileges, and criminal liability, consistent with United States law.
    (7) Notwithstanding clause 1 of this proclamation, the applicable rates of duty for articles of the United Kingdom that would otherwise be applicable pursuant to Proclamation 9704, as amended; Proclamation 9705, as amended; Proclamation 9980, as amended; Proclamation 10895; and Proclamation 10896 shall remain at 25 percent ad valorem.  On or after July 9, 2025, the Secretary may adjust the applicable rates of duty and construct import quotas for steel and aluminum consistent with the terms of the EPD, or he may increase the applicable rates of duty to 50 percent if he determines that the United Kingdom has not complied with relevant aspects of the EPD. 
    (8)  The Secretary shall continue to monitor imports of the articles and derivative articles described in Annexes I and II to this proclamation, and shall, from time to time, in consultation with any senior executive branch officials the Secretary deems appropriate, review the status of such imports with respect to the national security of the United States.  The Secretary shall inform the President of any circumstances that, in the Secretary’s opinion, might indicate the need for further action by the President under section 232.  The Secretary shall also inform the President of any circumstances that, in the Secretary’s opinion, might indicate that the duty rate provided for in this proclamation, or any proclamation issued pursuant thereto, is no longer necessary.
    (9)  No drawback shall be available with respect to the duties imposed pursuant to this proclamation.
    (10)  The Secretary may issue regulations and guidance consistent with this proclamation, including to address operational necessity.
    (11)  The Secretary, in consultation with the United States International Trade Commission and CBP, shall determine whether any modifications to the HTSUS are necessary to effectuate this proclamation and may make such modifications through notice in the Federal Register if needed.
    (12)  CBP may take any necessary or appropriate measures to administer the tariffs imposed by this proclamation.
    (13)  Any provision of previous proclamations and Executive Orders that is inconsistent with the actions taken in this proclamation is superseded to the extent of such inconsistency.

    IN WITNESS WHEREOF, I have hereunto set my hand this
    third day of June, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.

                                   DONALD J. TRUMP

    MIL OSI USA News –

    June 4, 2025
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