China + One = Vietnam and ASEAN


Geostrategic Importance

ASEAN''s Strategic Location on International Ocean Trade RoutesASEAN’s geostrategic importance stems from many factors, including: the strategic location of member countries, the large shares of global trade that pass through regional waters, and the alliances and partnerships which the United States shares with ASEAN member states.

.Reflecting this, in July 2009, the United States signed ASEAN’s Treaty of Amity and Cooperation, which establishes guiding principles intended to build confidence among its signatories with the aim of maintaining regional peace and stability.

Economic Potential

ASEAN''s Combined GDP ASEAN has the third-largest economy in Asia, after Japan and China. As a developing region, its per capita income is low but its GDP is rapidly growing: an almost 170% increase over the past decade.

Trade

U.S. Trade with ASEAN, Japan, China, S Korea ASEAN accounts for 6% of all world trade. The United States is ASEAN’s third largest export market, comprising 12% of its exports, while exports to Japan make up 12%, China 10% and India 3%. U.S. exports to ASEAN totaled $66 billion in 2008, up 62% from 2002.

Foreign Direct Investment (FDI)

U.S. FDI in ASEAN, etc.U.S. foreign direct investment (FDI) into ASEAN totaled $130 billion in 2007, the largest destination for U.S. FDI in Asia, and has grown 55% since 2004. Investment from ASEAN into the United States ranks fourth among Asian sources, totaling $11 billion, up 385% since 2004.

Read more: http://www.aseanmattersforamerica.org

Asia Pacific Business Outlook 2012 Presentation: “China + One = Vietnam and ASEAN”