(Jakarta) - A delegation of 41 leading American companies from a cross section of industries visited Jakarta from March 13-15, concluding its visit to Indonesia today. The group was comprised of more than 85 senior executives and was organized by the US-ASEAN Business Council. Over the course of the mission, the delegation held more than thirty meetings including President Joko Widodo, Vice President Jusuf Kalla, Coordinating Minister Luhut, Coordinating Minister Wiranto, key members of the cabinet and other senior government officials, as well as representatives of the Indonesian business community from the Indonesian Chamber of Commerce and Industry (KADIN), Indonesian Employers Association (APINDO), and the KADIN United States Committee (KIKAS).
(Jakarta) – On March 15, the US-ASEAN Business Council signed a Memorandum of Understanding (MoU) with Indonesia’s Investment Coordinating Board (BKPM) on Cooperation in Promoting Economic Relations and Foreign Direct Investment (FDI) in Indonesia. This MoU signing comes at the conclusion of the Council’s annual Business Mission to Indonesia from March 13-15, where a delegation of 41 leading American companies met with key senior government officials and various stakeholders in the Indonesian business community to learn about the country’s plans for increasing trade, encouraging investment, and enabling inclusive economic growth.
(Jakarta) – The US-ASEAN Business Council held its annual Association of Southeast Asian Nations (ASEAN) Secretariat Business Mission today, with 12 leading U.S. companies engaging top officials from the ASEAN Secretariat in Jakarta to build relationships with the newly-installed leadership and further develop longstanding commercial ties with the region.
The delegation was received by the recently-appointed ASEAN Secretary-General H.E. Lim Jock Hoi; Permanent Representative of the Republic of Singapore to ASEAN H.E. Tan Hun Seng; Director Rodora Turalde Babaran, Officer-in-Charge of the ASEAN Socio-Cultural Community Department; Director Julia Tijaja, Officer-in-Charge of the ASEAN Economic Community Department, and; Head of the Security Cooperation Division of the ASEAN Secretariat, Assistant Director Retno Astrini.
(Surabaya) – More than 200 Small and Medium-sized Enterprise (SME) owners and executives from Surabaya and surrounding cities participated in a one-day workshop entitled “Surabaya SMEs Go Digital and International,” co-organized by the US-ASEAN Business Council, the Indonesia Ministry of Cooperatives and SMEs, and the U.S. Consulate General in Surabaya.
(Manila) From March 6-7, the US-ASEAN Business Council led a delegation of 23 U.S. companies on its annual business mission to the Philippines. During the mission, the delegation engaged key Philippine Government officials on priority economic reforms and initiatives of the administration of President Rodrigo Duterte.
(Washington, DC) – The US-ASEAN Business Council congratulates the 11 nations that comprise the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) trade agreement on finalizing negotiations on all remaining outstanding issues in Tokyo, Japan today. The CPTPP members also announced that their respective Ministers of Trade intend to sign the final agreement on March 8 in Chile.
The CPTPP is made up of 11 nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Four of these nations – Brunei, Malaysia, Singapore and Vietnam – are also members of ASEAN.
(Washington) The United States Congress today voted to pass the Tax Cuts and Jobs Act of 2017. The $1.5 trillion tax bill, upon implementation, will have significant positive impact on the American economy by lowering corporate taxes.
“Today’s legislation will lower corporate tax rates in the US which should help improve the competitiveness of American corporations at home and around the world”, said Alexander Feldman, President & CEO of the US-ASEAN Business Council.
For American companies looking to expand their business activities with the ten Southeast Asian nations in the highly competitive ASEAN region, every form of assistance by the United States Government can make a significant commercial difference for American farmers and businesses.
(Siem Reap) The US-ASEAN Business Council concluded its business mission to the 17th ASEAN Telecommunications and Information Technology Senior Officials and Ministers Meeting (TELSOM and TELMIN, respectively) in Siem Reap, Cambodia today, where eight leading American technology companies engaged key government officials on embracing the Fourth Industrial Revolution through public-private partnership.
(Bangkok) Dr. Surin Pitsuwan, the former Secretary-General of ASEAN (2008-2012), accomplished statesman, humanitarian, and friend, passed away at the age of 68 on Thursday, November 30 in Bangkok from a heart attack. The US-ASEAN Business Council and its members offer their sincere condolences to his family, friends, and the people of Thailand and of ASEAN on this sad and unexpected occasion. Dr. Surin also served as Thailand’s Minister of Foreign Affairs and several other senior political roles, and was dedicated to strengthening and deepening the U.S.-Thai relationship.
(Da Nang) - On the occasion of APEC Leaders’ Week, the National Center for APEC, U.S. Chamber of Commerce, and US-ASEAN Business Council joined together to issue the below statement:
The Asia-Pacific is a strategically important region to the United States for both national security and economic reasons. It remains the world’s most dynamic and important region economically, as it is home to the world’s first, second, and third largest economies and three of the world’s four largest populations. Notably, the top four export markets for American made goods and services are in APEC. In short, the APEC region’s size, strong economic growth, and growing consumer base make it a priority for U.S. international economic policy to support American exporters. U.S. economic growth and jobs depend on our ability to compete in APEC.