This article contains content that is written like an advertisement .(November 2023) |
Company type | Private |
---|---|
Founded | 1984 |
Headquarters | 1101 17th Street. NW, Washington, DC |
Key people | Ted Osius (President & CEO) |
Services | ASEAN Government Relations Advocacy Regional Assistance Information Updates Consulting Corporate Social Responsibility |
Website | www |
The US-ASEAN Business Council (also known as "US-ABC" or "USABC") is an advocacy group that aims to foster economic growth and trade ties between the United States and the Association of Southeast Asian Nations (ASEAN)'s ten member countries. It is the only U.S.-based organization enshrined in the ASEAN charter. [1] Headquartered in Washington, DC, the Council has offices in New York City, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, and Myanmar. The Council represents more than 170 of the largest US corporations. [2]
The Council was created in response to a request from the ASEAN governments at the ASEAN-US dialogue of 1984. First known as the "US-ASEAN Center for Technology Exchange," the Council's mission was to enhance trade and investment opportunities for US companies in ASEAN, and to increase the ASEAN countries' access to US sources of technology and training. President Ronald Reagan remarked on the Council's founding, "You are embarking on a most important and innovative private sector initiative to strengthen the United States presence and our competitiveness in Southeast Asia."
In 1989, The US-ASEAN Center for Technology Exchange absorbed the ASEAN-US Business Council that had been housed in the United States Chamber of Commerce since 1979. Following the merger, the Council took the name of the US-ASEAN Council for Business and Technology. The name changed to US-ASEAN Business Council in 1997. Since the Council's founding in 1984, there has been remarkable growth in trade between the United States and ASEAN, reaching US$198.5 billion in 2012. [3]
The Council's working group committees include all ten ASEAN nations, including industry portfolios: Customs & Trade Facilitation, Defense & Security, Energy, Financial Services, Food & Agriculture, Health and Life Sciences, Information & Communications Technology, Infrastructure, Manufacturing, and Travel & Tourism. Through these committees, the Council facilitate opportunities in varying market conditions. [4] Its Financial Service Committee, for instance, is a participant of the annual ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM), thus giving the Council the capacity to raise and advocate member company concerns. [5] The Council's Energy Committee, currently chaired by Chevron, represents specific industries ranging from geothermal, coal based methane, wind energy, oil, gas, natural resources and nuclear energy. [6]
The Council conducts several programs and events to promote mutual dialogue between US businesses and leading political figures of Southeast Asia. Programs include ASEAN Trade/Economic Ministers' and Ambassadors' Roadshows; annual Business Missions to Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam; presenting of the Council's Lifetime Achievement Award to Singapore's Minister Mentor and First Prime Minister Lee Kuan Yew; and dinner galas hosted in honour of foreign dignitaries, including former Myanmar President Thein Sein, [7] President of the Philippines Benigno Aquino III, [8] Malaysian Prime Minister Najib Razak [9] and Vietnamese President Truong Tan Sang on each of their visits to the United States. [10]
The Council membership includes over 160 leading US corporations across several business sectors. Members engage at either the Corporate or Chairman's Council level. Previous Chairs of the Council include Keith Williams, Chairman and CEO of UL LLC, Maurice Greenberg, Chairman and CEO of C.V. Starr and Co., Inc, Muhtar Kent, Chairman and CEO of The Coca-Cola Company, Roderick Hills, Chairman of Hills Companies and Charles Williamson, Chairman and CEO of Unocal Corporation. [11]
A sister organisation of the Council, The US-ASEAN Business Council Institute is a 501(c)(3) charitable organisation primarily focused on humanitarian activities and community engagement. US-ASEAN Business Council Institute initiatives aim to improve the lives of people in Southeast Asia, and to provide support for programs that preserve and expand knowledge about the rich cultural and art heritage of the ASEAN region. Additionally, the Institute works on initiatives related to education, governance and rule of law, health, and the environment. [12]
The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a political and economic union of 10 states in Southeast Asia. Together, its member states represent a population of over 600 million and land area of over 4.5 million km2 (1.7 million sq mi). The bloc generated a purchasing power parity (PPP) gross domestic product (GDP) of around US$10.2 trillion in 2022, constituting approximately 6.5% of global GDP (PPP). ASEAN member states include some of the fastest growing economies in the world, and the institution occupies a central position in East Asian regionalism.
Asia-Pacific Economic Cooperation is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. Following the success of ASEAN's series of post-ministerial conferences launched in the mid-1980s, APEC started in 1989, in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; it aimed to establish new markets for agricultural products and raw materials beyond Europe. Headquartered in Singapore, APEC is recognized as one of the highest-level multilateral blocs and oldest forums in the Asia-Pacific region, and exerts significant global influence.
The ASEAN Para Games is a biennial multi-sport event held after every Southeast Asian Games involving disabled athletes from the current 11 Southeast Asia countries. Participating athletes have a variety of disabilities ranging from spastic, cerebral palsy, mobility disabilities, visual disabilities, amputated to intellectual disabilities. The ASEAN Para Games is under the regulation of the ASEAN Para Sports Federation (APSF) with supervision by the International Paralympic Committee (IPC) and the Asian Paralympic Committee and is traditionally hosted by the country where the Southeast Asian Games took place.
The East Asia Summit (EAS) is a regional forum held annually by leaders of, initially, 16 countries in the East Asian, Southeast Asian, South Asian and Oceanian regions, based on the ASEAN Plus Six mechanism. Membership expanded to 18 countries including Russia and the United States at the Sixth EAS in 2011. Since its establishment, ASEAN has held the central role and leadership in the forum. EAS meetings are held after the annual ASEAN leaders' meetings, and plays an important role in the regional architecture of Asia-Pacific. The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.
Thura Shwe Mann is a Burmese politician who was Speaker of the Pyithu Hluttaw, the lower house of parliament from 31 January 2011 to 29 January 2016. He is a former army general and, whilst being a protégé of senior general Than Shwe, was considered the third most powerful man in the State Peace and Development Council (SPDC), which ruled Myanmar until 2011.
Thein Sein is a Burmese politician and retired military general who served as the 9th President of Myanmar from 2011 to 2016. He previously served as prime minister from 2007 to 2010, and was considered by many in and outside Myanmar as a reformist leader in the post-junta government.
The Third East Asia Summit was held in Singapore on November 21, 2007. The East Asia Summit (EAS) is a pan-Asia forum held annually by the leaders of 16 countries in the East Asian region. EAS meetings are held after annual ASEAN leaders' meetings.
The Economic Research Institute for ASEAN and East Asia or ERIA is an international organization established in Jakarta, Indonesia in 2008 by a formal agreement among Leaders of 16 countries in the East Asian region to conduct research activities and make policy recommendations for further economic integration in the East Asia. ERIA works very closely with both the ASEAN Secretariat and 16 Research Institutes to undertake and disseminate policy research under the three pillars, namely “Deepening Economic Integration”, ”Narrowing Development Gaps”, and “Sustainable Development” and provide analytical policy recommendations to Leaders and Ministers at their regional meetings. ERIA provides intellectual contributions to East Asian Community building and serves as a Sherpa international organization. ERIA Ranks 9th among the world's "Top International Economics Think Tanks" according to the 2020 Global Go To Think Tanks Index Report conducted by the University of Pennsylvania.
The Act East policy is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China. Initiated in 1991, the Look East policy by Indian government marked a strategic shift in India’s perspective of the world. It was developed and enacted during the government of Prime Minister Narsimha Rao (1991–1996) and rigorously pursued by the successive administrations of Atal Bihari Vajpayee (1998–2004) and Manmohan Singh (2004–2014).
The accession of East Timor to the Association of Southeast Asian Nations is a process that started following the independence of the country in 2002 when its leaders stated that it had made a "strategic decision" to become a member state of the Association of Southeast Asian Nations (ASEAN) in the future. The country officially applied for membership in 2011.
The ASEAN–China Free Trade Area (ACFTA) is a free-trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China.
The Union Solidarity and Development Party is an ultranationalist, pro-military political party in Myanmar. Alongside the National League for Democracy, it is one of Myanmar's two principal national parties. USDP is the successor to the former ruling military junta's mass organisation, the Union Solidarity and Development Association, and serves as the electoral proxy of the Tatmadaw (military), which operates as a state within a state. Many of its political candidates and leadership are retired generals. It supports authoritarian military leadership. USDP was founded by Prime Minister Thein Sein to contest the 2010 Myanmar general election; the party was headed by Sein until 2013. Since 2022, it has been led by Khin Yi, who was installed as a loyalist of military leader Min Aung Hlaing.
Than Htay is a Burmese politician who served as Chairman of the Union Solidarity and Development Party from August 2016 to September 2022 due to medical treatment. He previously served as the Minister for Rail Transportation, and Minister for Energy. He is a retired brigadier general in the Myanmar Army.
Myanmar and the Philippines are both members of the Association of Southeast Asian Nations (ASEAN). Formal bilateral and diplomatic relations of both countries established in September 1956. Myanmar has an embassy in Manila and the Philippines maintains its embassy in (Yangoon) and later Rangoon.
Indonesia and Myanmar established diplomatic relations in 1949. Indonesia has an embassy in Yangon, while Myanmar has an embassy in Jakarta.
The Ninth East Asia Summit was held in Nay Pyi Taw, Myanmar (Burma) on November 12–14, 2014. The East Asia Summit is an annual meeting of national leaders from the East Asian region and adjoining countries.
The Tenth East Asia Summit was held in Kuala Lumpur, Malaysia on November 21–22, 2015. The East Asia Summit is an annual meeting of national leaders from the East Asian region and adjoining countries.
The Office of the President of the Republic of the Union of Myanmar is a ministry-level body that serves the President of Myanmar. Since the 2021 Myanmar coup d'état, the position has remained vacant.
The cabinet of Thein Sein, headed by President Thein Sein, is the first democratically elected government of Myanmar after the military government. It took office on 30 March 2011 after the 2010 Myanmar general election to 30 March 2016.