The US and China won’t be the only ones affected in the trade war raging between the two countries. As companies scramble to find ways around the ever-increasing tariffs that the world’s two largest economies impose on each other’s goods, other countries are being drawn into a conflict that might have no winners.
The world could only watch as the latest developments played out online heading into the weekend. “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing our companies HOME and making your products in the USA,” President Trump tweeted Friday in response to Chinese president Xi Jinping's threat to impose tariffs on $75 billion worth of US goods. Speaking to reporters at the G7 summit in Biarritz, France Sunday, Trump claimed that he could use emergency powers to force private companies to relocate out of China, but said he has no current plans to do so.
ICT Update | August 29, 2019
Authors: Ella Duangkaew, Jamie Lim LOOKING AHEAD
Philippines Update | August 28, 2019
Authors: Lilibeth Almonte-Arbez LOOKING AHEAD September 16-18, 2019 Philippines Business Mission
(Bali, Indonesia) – Nearly 100 Indonesian SME owners and executives participated in a full-day workshop titled, “Innovation for SMEs Go-Online: Winning the Global Competition” in Bali on August 27. The workshop was conducted by the US-ASEAN Business Council (US-ABC) in close collaboration with Indonesia’s Ministry of Cooperatives and Small and Medium Enterprises (CSMEs).
“We acknowledge that the digital transformation of SMEs can bring tremendous challenges, but more importantly, we see tremendous opportunities for SMEs who harness digital capabilities to expand their businesses,” said Ambassador Michael W. Michalak, US-ABC Senior Vice President & Regional Managing Director, during his opening remarks. “To help work through some of these challenges, we used this workshop to hear from policymakers about programs and opportunities that SMEs can use to become more competitive, such as our ASEAN SME Online Academy.”
(Denpasar, Bali, Indonesia) - In a collaborative effort between government and industry to acknowledge the necessity for an efficient innovative ecosystem, the US-ASEAN Business Council and the Government of Indonesia hosted the First Indonesia Innovation Series August 26 in Denpasar, Bali. The event, in conjunction with the 24th National Technology Awakening day, acknowledged the rapid digital transformation of today’s age and provided forward-looking inclusive strategy to build on this digital transformation. The event is also being held back to back with the Council’s SME workshop on August 27.
During the DPCF, the Council also launched a new report, “Digital Data Governance in ASEAN: Key Elements for a Data Driven Economy,” to provide several recommendations for implementing ASEAN’s Framework on Digital Data Governance.
(Kuala Lumpur)- From August 20-22, the US-ASEAN Business Council led a delegation of 20 leading U.S. global companies to Kuala Lumpur, Malaysia. The mission is part of the Council’s continued effort to position member companies as partners and stakeholders committed to Malaysia’s dynamic and inclusive growth. The delegation met with top Malaysian government officials to understand ways in which the U.S. business community can support the government’s top goals and key initiatives, including the Industry4WRD national policy. The mission also discussed Malaysia’s objectives and potential theme for its 2020 Chairmanship of Asia-Pacific Economic Cooperation (APEC).
Laos Update | August 23, 2019
Authors: Shay Wester, Ella Duangkaew LOOKING AHEAD