no secret that Asia is a source of tremendous economic growth. For more than 35
years, the United States and The Association of Southeast Asian Nations’
(ASEAN) member countries have worked to foster economic development through
trade and investment.
week, officials from the U.S. Department of Commerce and the Office of the
United States Trade Representative (USTR) will join a visiting delegation of
Association of Southeast Asian Nations (ASEAN) economic ministers for the ASEAN
Economic Ministers (AEM) Road Show events in Los Angeles and Silicon
Valley, California, as well as in Washington, D.C. U.S. government officials
from the U.S. Departments of Commerce, USTR, and State. Trade ministers from
ASEAN member states (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia,
Myanmar, Philippines, Singapore, Thailand, and Vietnam) will meet with Members
of Congress, local government officials and business leaders to discuss various
trade issues, commercial diplomacy, and trade-openness. The U.S. Department of
Commerce is specifically committed to economic engagement with ASEAN in support
of the White House Expanded Economic Engagement (E3) initiative. ASEAN’s rapid
economic development, growing middle class, and combined total trade of over
$200 billion in goods and services speak to the tremendous enterprise and
potential of the region.
2015, ASEAN seeks to establish a unified economic market. The United States
supports the integration efforts by ASEAN to establish an ASEAN Economic
Community (AEC), which will benefit both ASEAN economies and its U.S. business
partners. The AEC would establish free flows of goods, services and foreign
direct investment, as well as freer skilled labor and cross-border capital
progress toward establishing AEC, will have a strong impact on U.S.-ASEAN trade
and investment. With a combined population of nearly 600 million people, an
integrated ASEAN will lead to greater economies of scale and lower costs –
which will help companies, workers and citizens in both the U.S. and ASEAN thrive.
Commerce Department will continue to play a strong and active role in engaging
with ASEAN. Commerce will do its part to foster more public-private
relationships and support trade missions to ASEAN countries to help strengthen
U.S.-ASEAN economic futures.