RUSHES: 2022 Lord Mayor's Banquet: Rishi Sunak speech

2022 Lord Mayor's Banquet: Rishi Sunak speech; Part 3 of 3ENGLAND: City of London: Guildhall:INTRishi Sunak MP (Prime Minister) speech (continued from Part 2) SOT- So together we'll manage this sharpening competition, including with diplomacy and engagement / much of this is about dramatically improving our resilience, particularly our economic security / that’s why we created new powers under the National Security and Investment Act / it's why we used them this month to block the sale of Newport Wafer Fab / it's why we took action on 5G / and it's why we're ending global dependence on authoritarian regimes – starting with Russian gas- Now we're also acting to deepen our ties in the Indo-Pacific – the third example of where we're evolving our approach / before I came into politics, like many of you, I invested in businesses around the world and the opportunity in the Indo-Pacific is compelling / take Indonesia, which I visited just this month / it's a young, vibrant country, the world's third largest democracy / poised to become a top 5 global economy / by 2050, the Indo-Pacific will deliver over half of global growth compared with just a quarter from Europe and North America combined / that's why we're joining the Trans-Pacific trade deal, the CPTPP, delivering a new FTA with India and pursuing one with Indonesia- But in the Indo-Pacific economics and security are indivisible / 60% of global trade passes through regional shipping routes including choke points like the straits of Malacca / it's in our interests to keep these trade lines open / that's why we joined the Five Power Defence Arrangements with Australia, Malaysia, New Zealand and Singapore half a century ago / and it's why we’re evolving new long-term defence, industrial and technological partnerships, like AUKUS with Australia and the US and the Future Combat Air System with Italy and Japan / by deepening these ties we'll help protect the arteries and ventricles of the global economy...