ASEAN KEY DESTINATIONS
U.S. CEOs Arrive in ASEAN for High-Level Consultations
(Hanoi, Vietnam) 2 June 2014: A delegation of CEOs organized by the US-ASEAN Business Council arrived in Vietnam today to begin a visit to the ASEAN region. The delegation is led by Evan Greenberg, Chairman of the Board of the US-ASEAN Business Council and Chairman, President, and CEO of ACE Limited. The Honorable Penny Pritzker, U.S. Commerce Secretary, will travel with the delegation. The goals of the CEO Mission, which will be held June 1-4 in Manila and Hanoi, include highlighting the robust growth prospects of Southeast Asia and promoting two-way trade and investment that will benefit U.S. companies and create jobs on both sides of the Pacific as well as position the U.S. as an attractive trade and investment area for fast-growing ASEAN businesses. This is the 2nd annual CEO Mission conducted by the Council. Last year’s delegation visited Indonesia, Malaysia, and the ASEAN Secretariat.
The delegation will include CEOs and high-level executives who report directly to CEOs from 9 leading U.S. companies across a variety of sectors. The delegation will meet with high-level government leaders in both countries, including Benigno Aquino III, President of the Philippines and H.E. Nguyen Tan Dung, Prime Minister of Vietnam. Several members of the delegation will travel on from Manila with Secretary Pritzker as she engages government and business leaders in Myanmar from June 5-6, 2014.
“The ongoing and direct engagement of U.S. CEOs with ASEAN’s public and private sector leaders is vitally important to exchanging views, identifying common objectives and expanding opportunities for two-way trade and investment,” said Mr. Greenberg. “We are honored that Secretary Pritzker is joining us on this mission. Our delegation is looking forward to an engaging dialogue with leaders in both Vietnam and the Philippines.”
“The U.S. has more foreign direct investment in ASEAN than it does in the BRIC countries (Brazil, Russia, China and India) combined,” said Council President & CEO Alexander Feldman. “Continuing to grow and shepherd those investments as well as opportunities for American exports will take continued, personal attention from the highest levels of U.S. business and government, and that’s why the Council has made engagement at the CEO level one of our core priorities. Vietnam’s participation in the TPP negotiations and the Philippines express desire to join those negotiations represent additional opportunities for American and ASEAN businesses.”
President & CEO of UL Keith Williams commented: "The ASEAN region is of growing importance in the global value chain. Missions such as this are an important enabler of public and private dialogue, and joint collaboration will help facilitate trade, drive innovation, and foster growth."
“I am pleased to join Secretary Pritzker and US-ASEAN Business Council Chair Evan Greenberg on this important mission,” said Marsh & McLennan Companies President and CEO Dan Glaser. “Southeast Asia is a dynamic and rapidly growing region. I look forward to engaging in meaningful discussion about risk, strategy, and human capital opportunities in the Philippines and Vietnam.”
“As a leader in next-generation wireless technologies, Qualcomm believes mobile technology can enable transformative socio-economic opportunities,” said Peggy Johnson, Executive Vice President, Qualcomm Technologies, Inc. and President, Global Market Development. “I am honored to join other members of the US-ASEAN Business Council to explore the opportunities in this dynamic region of the world.”
Companies participating in the delegation include ACE, UL, AES, General Atlantic, Marsh & McLennan Companies, Mead Johnson Nutrition, Qualcomm, and Rio Tinto. Ambassador John Negroponte of McLarty Associates will also join the delegation in his capacity as Advisor to the Council.
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