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NEWS UPDATES Asean Affairs             22  July 2011

US-ASEAN Business Counci meets in Malaysia

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The US-ASEAN Business Council concluded a two-day Senior Executive Business Mission on Thursday with its largest delegation to Malaysia in more than a decade. The delegation of 19 companies conveyed their excitement about Malaysia’s ongoing economic and governance reforms as well as its participation in the Trans Pacific Partnership (TPP). The delegation was led by Joseph Alhadeff of Oracle, the Council’s Malaysia Committee Chair, and Alexander Feldman, the President of the US-ASEAN Business Council.

The mission delegates conveyed their strong support for the vision outlined by Prime Minister Najib in the Malaysia's Economic Transformation Programme and Government Transformation Programme, and urged that the open and transparent process used to gather input from stakeholders in their creation should continue and be expanded as a pillar of how Malaysia’s implements it's economic policy reform agenda going forward.

“Malaysia’s forward-looking transformation agenda has been enthusiastically received by U.S. companies who are looking at Malaysia as an important partner,” said Joseph Alhadeff, delegation chair. “Malaysia’s Economic Transformation Program offers a range of new opportunities to companies looking to do business here. We believe that the transformation agenda coupled with its strong pro-trade commitment can play an important role in expanding bilateral economic ties, particularly in growth industries like ICT, biotechnology, and a wide range of new and innovative services both supported and enabled by them.”

“Malaysia’s presence in the Trans Pacific Partnership gives real weight to the TPP as a regional initiative,” said Council President Alexander Feldman. “Malaysia has emerged as a leader on important regional economic issues, and U.S. companies are recognizing that and eager to do business here.”

The delegation’s schedule included dialogues and meetings with: The Minister of Health; Minister of Finance, Minister of Energy, CEO of Pemandu, Deputy Minister of Science, Technology and Innovation, the Deputy Governor of the Central Bank, and a number of Malaysia business and industry leaders from a wide range of sectors. The delegation also met with U.S. Ambassador Paul Jones and his staff.

Companies participating on the delegation included Oracle, ConocoPhillips, General Electric, Abbott Laboratories, AT&T, the Coca-Cola Company, Celanese Corporation, ExxonMobil, Google, Guardian Industries, IBM, Intel, Johnson & Johnson, Kohlberg Kravis & Roberts, Mead Johnson Nutrition, Mastercard, Philip Morris International, Pfizer, and Visa.


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