Friday, July 13, 2012

Cambodia's US-Asean Business Forum Attracts Largest Ever US Business Delegation

13 Julai, 2012 17:44 PM

Cambodia's US-Asean Business Forum Attracts Largest Ever US Business Delegation

SIEM REAP (Cambodia), July 13 (Bernama) -- The US-Asean Business Forum starting today has attracted the largest ever number of American business executives to seek business opportunities in Southeast Asian countries, China's Xinhua news agency reported.

The forum will bring together hundreds of cabinet ministers, senior policymakers and business leaders from the US and Asean member countries, to address the opportunities and challenges that will define the direction of future US-Asean economic cooperation, the US-Asean Business Council and the US Chamber of Commerce said in a press release here.

They said that US Secretary of State Hillary Clinton, Cambodian Prime Minister Hun Sen, Myanmar President Thein Sein, and Thai Prime Minister Yingluck Shinawatra will attend the forum.

The forum will be a good opportunity for US business leaders to strengthen their economic ties with Asean and seek future economic cooperation between the US and Asean, the organisers said in the press release.

US business owners have begun to look into Asean business potentials after the Obama administration elevated US engagement across Asia as a strategic priority of its foreign policy.

"A central pillar of that strategy is to work more closely with Asean, to deepen our economic, strategic, and people-to-people engagement," Clinton had said on Wednesday at the fourth US-Asean Post-Ministerial Conference in Phnom Penh.

"The forum will be the largest ever delegation of American business executives to Cambodia, and it will be the first US-Asean Business Forum to lay the groundwork for economic connections and mutual prosperity for a long time to come.

"On the economic front, there is much more room for us to grow together, so we are working to foster more economic activity in very tangible ways," she said.

The Association of Southeast Asian Nations (Asean) members are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

-- BERNAMA

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