{"id":109447,"date":"2021-03-12T20:37:04","date_gmt":"2021-03-12T20:37:04","guid":{"rendered":"https:\/\/fin2me.com\/?p=109447"},"modified":"2021-03-12T20:37:04","modified_gmt":"2021-03-12T20:37:04","slug":"quad-countries-pledge-cooperation-on-covid-climate-and-security","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/quad-countries-pledge-cooperation-on-covid-climate-and-security\/","title":{"rendered":"'Quad' countries pledge cooperation on COVID, climate and security"},"content":{"rendered":"
WASHINGTON (Reuters) – The leaders of the United States, Australia, Japan and India pledged to work closely on COVID-19 vaccine distribution, climate issues and security after a meeting on Friday that is seen as part of an effort to counter China\u2019s growing influence.<\/p>\n
\u201cWe strive for a region that is free, open, inclusive, healthy, anchored by democratic\u202f values, and unconstrained by coercion,\u201d the so-called \u201cQuad\u201d countries said in a joint statement.<\/p>\n
The group will form a vaccine partnership aimed at accelerating the end of the coronavirus pandemic by expanding vaccine manufacturing and help Indo-Pacific countries with vaccination, according to a fact sheet from the group.<\/p>\n
The United States will finance increased capacity to support Indian drugmaker Biological E Ltd\u2019s effort to produce at least 1 billion doses of COVID-19 vaccines by the end of 2022, it said. Japan is in discussions to provide concessional yen loans to India to expand manufacturing for COVID-19 vaccines for export.<\/p>\n
The Quad countries also formed a working group to tackle climate issues, including to strengthen implementation of the Paris climate accord, as well as a working group for critical and emerging technology, the statement said.<\/p>\n
The latter will develop a statement of principles on technology development and use and encourage cooperation on telecommunications deployment and diversification of equipment suppliers.<\/p>\n