US-ASEAN Business Council

Watch our reel from the 75th U.S.-Indonesia Anniversary Business Forum!

On August 26, in celebration of 75 years of diplomatic relations between the United States and Indonesia, the US-ASEAN Business Council, together with the Embassy of Indonesia in Washington, D.C., Bank Indonesia New York Representative Office, and the Indonesia Investment Promotion Center in New York, held a business forum entitled “Elevating Indonesia-U.S. Economic Relations under the Comprehensive Strategic Partnership.” The forum provided a platform to discuss bilateral economic ties in the post-Jokowi era, particularly in the renewable energy, digital economy, critical minerals, and manufacturing sectors.  In her keynote address, Minister of Foreign Affairs of Indonesia Retno Marsudi emphasized the significance of the United States as one of Indonesia’s leading economic partners, highlighted by her visit to Washington D.C. to bolster economic cooperation and people-to-people ties. Minister Marsudi called on the United States for more investment and fewer trade barriers, specifically in the areas of supply chains, green growth, and inclusivity. President and CEO of the US-ASEAN Business Council Ted Osius, Ambassador (ret.) remarked that “the United States cherishes its enduring relationship with Indonesia, and the U.S. business community is encouraged by the ever-strengthening economic and trade ties between our countries. The Council looks forward to continuing its collaboration with the Government of Indonesia to create new business opportunities and pursue sustainable and inclusive development.”  The business forum was generously supported by US-ASEAN Business Council members Apple, the Walt Disney Company, Freeport-McMoRan, and Visa.  Read the full press release here: https://lnkd.in/ggfwpitR

At the US-ASEAN Business Council's 40th Anniversary Gala, Deputy Prime Minister of Singapore Heng Swee Keat remarked that “the partnership that the U.S. and ASEAN enjoy today has been significantly strengthened by the enduring support of the U.S. business community in deepening both bilateral and regional economic ties. The US-ASEAN Business Council reflects the optimism that the U.S. business community sees in ASEAN. We hope that U.S. businesses, who have benefitted greatly from opportunities in the Southeast Asian market, continue to advocate strongly for greater trade and economic connectivity between the U.S. and ASEAN.” Read Deputy Prime Minister Heng Swee Keat's full speech here: https://lnkd.in/ddGc5PY3

Free trade and investment is a powerful enabler for countries, big and small, to meet the aspirations of their peoples for a better life. For many years, US advocacy for trade and investment has helped to uphold an open, rules-based international order and support economic growth and development in many parts of the world, including in Asia and ASEAN.   Delighted to join the US business community here in Singapore and Southeast Asia to celebrate the 40th anniversary of the US-ASEAN Business Council (USABC) earlier this week. Since 1984, USABC has played a pivotal role in enhancing trade and economic connectivity between the US and our region, strengthening the overall US-ASEAN partnership through closer business, trade, and investment linkages. Today, the US is ASEAN’s second largest trading partner and the largest source of foreign direct investment into the region. Trade and investment with ASEAN supports more than 625,000 jobs across the US.   2024 also marks the 20th anniversary of the US-Singapore Free Trade Agreement which USABC strongly supported. It was wonderful reconnecting with old friends who Singapore worked with closely on the FTA, including former USABC President Ernie Bower who received the USABC Founder’s Award this year.   USABC’s continued engagement across ASEAN reflects the optimism that US businesses see in our region. There are many new growth opportunities to be unlocked in the years ahead. By working together, we can demonstrate the value of win-win collaborations, deepen transformation, and deploy impactful innovation to build a healthier, more resilient and more sustainable future for all.    (MDDI Photos by Timothy David)

Press Release: US-ASEAN Business Council Hosts 40th Anniversary Gala Celebration in Singapore (Singapore) On August 19, the US-ASEAN Business Council (USABC) hosted its 40th Anniversary Gala Celebration in Singapore, the first major gala held in the region since 2017. The event, with over 250 attendees, featured remarks from Deputy Prime Minister of Singapore Heng Swee Keat, U.S. Ambassador to ASEAN Yohannes Abraham, Ambassador-at-large Chan Heng Chee, and a fireside chat with former Minister of Finance of Indonesia Dr. Chatib Basri. Read more here: https://lnkd.in/gZthGJk5

On August 15, the US-ASEAN Business Council (USABC) hosted a roundtable discussion with a high-level delegation from the Vietnam Commission for the Management of State Capital at Enterprises (CMSC), led by Vice Chairman Do Huu Huy. The roundtable provided a valuable platform for USABC member companies to engage directly with senior leaders from CMSC, the government agency responsible for overseeing state assets in Vietnam’s 19 most significant state-owned enterprises (SOEs), which together account for 70% of the total assets of all SOEs in Vietnam. Discussions covered a broad range of topics, including digital transformation for Vietnam’s SOEs, energy resilience, offshore wind developments, electric vehicles to the on-going restructuring of Vietnam’s SOEs. The exchange was productive and insightful, reflecting the shared interest in deepening economic ties and exploring new collaboration opportunities.

Check out our CEO Ted Osius, Ambassador (ret.) radio interview yesterday talking about US-ASEAN relations, and his book "Nothing is Impossible: America's Reconciliation with Vietnam"

Tune in to the “Saturday Mornings Show” 17 August 2024 on MoneyFM 89.3 from 9:00am-12pm (Singapore) with Glenn van Zutphen and Neil Humphreys. Three easy ways to listen and connect with the show:   * Listen on 89.3FM radio in Singapore.    * Stream us globally on your mobile device on the free www.awedio.sg app (android, iPhone).    * Connect with us on MoneyFM WhatsApp +65.8855.0893 with your comments & questions. This week’s show: 9:30am - The Wide World segment takes brings Ambassador Ted Osius, President & CEO, US-ASEAN Business Council into the studio to discuss his new book, "Nothing is Impossible”, as well as the 40th Anniversary of the Council and its benefits to members.

A productive week during Ted Osius, Ambassador (ret.) visit to Jakarta. It began with a hybrid Indonesia Q3 Committee Meeting at Boeing’s Office in Jakarta and was followed by several bilateral meetings with prominent leaders, including Amb. Kamala Lakhdhir, Hashim Djojohadikusumo, Shinta Kamdani, Amb. Yohannes Abraham, and ASEAN DSG Satvinder Singh. We will continue to deepen and strengthen our ties with key partners in #Indonesia and #ASEAN

Tune in for our CEO Ted Osius, Ambassador (ret.) interview on Saturday Mornings with Glenn van Zutphen (Founder, CEO) and Neil Humphreys talking all things #ASEAN and Vietnam. Three easy ways to listen and connect with the show: * Listen on 89.3FM radio in Singapore. * Stream globally on your mobile device on the free www.awedio.sg app (android, iPhone). * Connect on MoneyFM What’s App +65.8855.0893 with your comments & questions.