The United States and ASEAN concluded the
U.S.-ASEAN Trade and Investment Arrangement (TIFA) in 2006 and since then have been
working to build U.S.-ASEAN trade and investment ties as well as promote ASEAN
regional economic integration. The United States intensified its work under the
TIFA in 2009, presenting ASEAN senior officials a number of ambitious proposals
to be pursued under the TIFA work plan.
These
proposed initiatives seek to achieve concrete results in a variety of areas
including trade facilitation, logistics, digital economy, trade finance, and
trade and environment. The 10-member countries of ASEAN together comprise the
fourth largest export market of the United States and its fifth largest two-way
trading partner. ASEAN countries include Brunei, Burma, Cambodia, Indonesia,
Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam. Trade between
the U.S. and ASEAN continues to grow steadily, and two-way goods trade totaled
$177 billion in 2008. With robust economies and a total population of about 550
million, the 10-member countries of the ASEAN market provide significant
potential opportunities for U.S. companies.
+Washington Post +BRITISH QUEEN +GOP +Money Magazine +BBC World Service
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