US calls for ASEAN free trade agreement

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tradeThe Washington, D.C.-based US-ASEAN Business Council released a policy paper on June 19 underscoring the strategic role ASEAN has as a business partner, calling for the creation of a free trade agreement including all 10 ASEAN nations.

“The 10 nations of ASEAN represent over 620 million people and $2.2 trillion of GDP, host the largest amount of US foreign direct investment in Asia, and represent the United States’ 5th largest trading partner and 4th largest export market,” the business council said in a statement to the media.

The paper, initiated by Evan Greenberg, the Chairman and CEO of ACE Group, when he took on the role of Chairman of the Council’s Board of Directors, also highlights “the desire for higher-level engagement and the importance of greater ease in travel between the US and ASEAN.”

“Given the robust growth of ASEAN’s middle class and expanding private sector, the US needs focused action in order to successfully meet the challenge of growing competition for the ASEAN market”, said Mr. Greenberg.

“The policy paper enumerates priorities for US-ASEAN engagement.  The US business community, through its Council, is committed to raising our engagement with ASEAN,” he concluded.

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Reading Time: 1 minute

The Washington, D.C.-based US-ASEAN Business Council released a policy paper on June 19 underscoring the strategic role ASEAN has as a business partner, calling for the creation of a free trade agreement including all 10 ASEAN nations.

Reading Time: 1 minute

tradeThe Washington, D.C.-based US-ASEAN Business Council released a policy paper on June 19 underscoring the strategic role ASEAN has as a business partner, calling for the creation of a free trade agreement including all 10 ASEAN nations.

“The 10 nations of ASEAN represent over 620 million people and $2.2 trillion of GDP, host the largest amount of US foreign direct investment in Asia, and represent the United States’ 5th largest trading partner and 4th largest export market,” the business council said in a statement to the media.

The paper, initiated by Evan Greenberg, the Chairman and CEO of ACE Group, when he took on the role of Chairman of the Council’s Board of Directors, also highlights “the desire for higher-level engagement and the importance of greater ease in travel between the US and ASEAN.”

“Given the robust growth of ASEAN’s middle class and expanding private sector, the US needs focused action in order to successfully meet the challenge of growing competition for the ASEAN market”, said Mr. Greenberg.

“The policy paper enumerates priorities for US-ASEAN engagement.  The US business community, through its Council, is committed to raising our engagement with ASEAN,” he concluded.

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