(New York City) - The US-ASEAN Business Council (US-ABC) and the U.S. Chamber of Commerce were pleased to host His Excellency General Prayut Chan-o-cha (Ret.), Prime Minister of Thailand on the sidelines of the 74th UN General Assembly in New York on September 25. The occasion marked Prime Minister Prayut's first visit to the United States since being re-elected during Thailand’s March 2019 elections, the country’s first elections in eight years.
Prime Minister Prayut met and addressed U.S. business leaders, convened by the US-ABC and U.S. Chamber of Commerce. Business leaders were able to hear about the new Royal Thai Government’s priorities and agenda for political and economic reform from the Prime Minister. The new government officially assumed duties in July.
(New York City) - The American Indonesian Chamber of Commerce, the Consulate General of Indonesia and KADIN Indonesia US Committee (KIKAS), U.S. Chamber of Commerce and US-ASEAN Business Council (US-ABC) convened top U.S. business leaders to this morning to honor the visit of H.E. H.M. Jusuf Kalla, Vice President of the Republic of Indonesia and H.E. Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs of Indonesia. The event was held on the sidelines of the 74th UN General Assembly.
The event honored Vice President Kalla for his two terms of service, and marked the 70th anniversary of U.S.-Indonesia diplomatic relations. Vice President Kalla met and addressed U.S. business leaders at the Indonesian Consulate General.
Thailand Update| September 24, 2019
Authors: Riley Smith, Ella Duangkaew, Aree Tomes LOOKING AHEAD
Laos Update | September 23, 2019
Authors: Ella Duangkaew, Jacob Corfman LOOKING AHEAD
THE United States has suspended all efforts to negotiate a free- trade agreement (FTA) with the Philippines until Washington resolves its trade conflict with Beijing, a war that has been hurting the global economy since last year, a former US diplomat has revealed.
US-Asean Business Council Senior Vice President and Regional Managing Director Michael W. Michalak said Washington is prioritizing the resolution of its tariff war with Beijing over anything else. As such, its planned trade deal with Manila, which gained headway last year after a series of talks between state officials, has to wait until the trade conflict is neutralized.
In his latest dialogue with Office of the US Trade Representative (USTR) executives, Michalak said he was informed of the US government’s decision to settle the China situation first before negotiating new FTAs with trading partners, including the Philippines.
Prime Minister General Prayut Chan-o-cha and his entourage will leave for New York to attend the 74th United Nations General Assembly on Saturday.
The trip to the US from Saturday to next Friday will also be attended by Foreign Minister Don Pramudwinai and Natural Resources and Environment Minister Varawut Silpa-archa.
According to a schedule released to the media, Prayut will also attend two meetings in his capacity as this year’s chairman of Asean to represent ‘s Asean and Thailand’s roles in the international arena as well as to protect Thailand’s interests.
The Department of Science and Technology signed a Memorandum of Understanding (MOU) with the US-ASEAN Business Council (US-ABC) to promote the development and implementation of science, technology and innovation initiatives of the government in the private sector.
According to a recent press release, the MOU between DOST and the Council will enable the Department to fast-track and strengthen collaboration between industry and government.
DOST Secretary Fortunato T. De La Peña shared that the Department welcomes dialogue and partnership with US firms.
Doing so will drive and enhance research and innovation across all sectors and build S&T capacities in the Philippines.
The forms of cooperation under the MOU were enumerated. These are:
KUALA LUMPUR, Sept 19 — Malaysia is committed to continue working with global economies for mutual benefits, including the United States (US) with which the country has had over six decades of strong relationship in terms of trade and investment.
The Ministry of International Trade & Industry (Miti) said bilateral trade with the US grew by 1.2 per cent in 2018 to RM155.76 billion, which constituted 8.3 per cent of Malaysia’s total trade that year.
Similarly, exports to the US increased by 2.4 per cent to RM90.81 billion — the highest recorded since 2008, it said in a statement today.
The upcoming working visit by Prime Minister Tun Dr Mahathir Mohamad to the US is expected to generate further momentum that will result in greater economic cooperation between the two countries, Miti said.
The Department of Finance (DOF) assured foreign investors that the Philippine government continues to implement serious policy reforms while delivering on its commitment to roll out a massive infrastructure program “on time and on budget.”
Secretary Carlos G. Dominguez III made this assurance during a meeting with members of the US-ASEAN Business Council at the DOF headquarters. Some 20 senior executives from major US firms operating in the region held their annual Philippine Business Mission here early this week.
Dominguez told the visiting businessmen that the country’s economic growth, which is among the fastest in the region, is expected to be sustained with a business environment that is more investor friendly and resilient in the face of an “adverse” global economic environment.
The government looks to hike trade with South Korea and the United States as it aims to complete a long-gestating trade agreement with the former and discuss a closer partnership with the latter.
Trade Minister Enggartiasto Lukita has proposed to wrap up negotiations for the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) as soon as October.
He conveyed his expectation to reach an agreement with South Korea during a bilateral meeting with South Korean Trade, Industry and Energy Minister Yoo Myung-hee in Bangkok on Monday.
“We suggest that we announce our agreement on the sidelines of the Trade Expo Indonesia (TEI), which will take place from Oct. 16 to 20. Then we’ll proceed to sign the IK-CEPA during the ASEAN-Republic of Korea Commemorative Summit taking place from Nov. 25 to 27,” he said in a press statement.