17th February 2016
The ASEAN Economic Community was officially launched on December 31, 2015, linking together the 10 nations and more than 625 million consumers of ASEAN into a single market and production base. In recognition of ASEAN’s importance, the U.S. President Barak Obama has invited the 10 ASEAN Heads of State and Government to join him for a US-ASEAN Leaders Summit in Rancho Mirage, California on February 15-16.
Following that historic meeting, a conference was organized by the US-ASEAN Business Council Asia’s Best Kept Secret: The ASEAN Economic Community to discuss the realities and possibilities of the US-ASEAN relationship.
President of the ASEAN Business Club, Tan Sri Munir Majid participated on the panel themed “ASEAN and Regional Free Trade initiative, moderated by Marc Mealy, Vice President of Policy, US-ASEAN Business Council. Other panelists include Ambassador Robert Holleyman, Deputy United States Trade Representative, Dr. Deborah Elms, Executive Director, Asia Trade Centre, and Leslie Griffin, Senior Vice President, International Public Policy, UPS.
Tan Sri Munir Majid shared his perspectives on how trade liberalizations initiatives such as the ASEAN Economic Community shape the growth outlooks in ASEAN and the potential changes in supply chains, business models and FDI flows.