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U.S. Business Engages Singapore Government on Regional Issues

The US-ASEAN Business Council concluded its annual business mission to Singapore today. The delegates engaged the Singapore government on a range of policy issues with the focus improving the business environment in Singapore and around the ASEAN region. The delegation was led by Peter Maher, Group Country Manager Southeast Asia, of Visa, and Alexander Feldman, President of the US-ASEAN Business Council.

Over the last two days the delegation met with key officials from a range of Singaporean government ministries including Minister for Trade & Industry Lim Hng Kiang.  In addition to focusing on bilateral US-Singapore economic ties, the delegation discussed areas of mutual concern including the Trans-Pacific Partnership (TPP).  The Council has offices in 6 of the 10 ASEAN nations, and its Singapore office is the Council’s regional headquarters.

“Our key objective is to further strengthen the dialogue between U.S. business and Singapore’s policy-makers on major issues like the TPP and the ASEAN Economic Community,” said Peter Maher of Visa.  “U.S. investors are excited about working with ASEAN nations to develop their infrastructure, finance and capital markets, ICT and healthcare capabilities, and this mission enabled us to hold important discussions with Singapore on how to approach those goals.”

“2014 is a major milestone in trade relations between Singapore and the United States as it marks the 10th Anniversary of the US-Singapore Free Trade Agreement. The Council is also celebrating our 30th anniversary,” said Alexander Feldman of the US-ASEAN Business Council. “Singapore has been a vital partner for the Council and American Business throughout the last 30 years.  Almost all Council members have offices in Singapore and American business has invested more than US$ 100 billion in Singapore, making America the largest source of foreign direct investment for Singapore and the largest destination for U.S. FDI anywhere in Asia.”

Singapore also hosts the largest share of U.S. investment in ASEAN, which is the focal point of U.S. investment in Asia. At US$190 billion, U.S. investment in ASEAN is greater than U.S. investment in China, India, South Korea, Hong Kong, Taiwan, and New Zealand combined.

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For 30 years, the US-ASEAN Business Council has been the premier advocacy organization for US corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, Council Members generate over $6 trillion in revenue and employ more than 13 million people. Members include the largest US companies conducting business in ASEAN, and range from newcomers to the region to companies that have been working in Southeast Asia for over 100 years. The Council has offices in: Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; and Singapore.



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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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