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The United States in the Trans-Pacific Partnership (TPP)


INCREASING AMERICAN EXPORTS, SUPPORTING AMERICAN JOBS

President Obama announced in November 2009 the United States’ intention to participate in the Trans-Pacific Partnership (TPP) negotiations to conclude an ambitious, next-generation, Asia-Pacific trade agreement that reflects U.S. priorities and values. Through this agreement, we are seeking to boost U.S. economic growth and support the creation and retention of high-quality jobs at home by increasing American exports to a region that includes some of the world’s most robust economies and that represents more than 40 percent of global trade. The Obama Administration has been working in partnership with Congress and consulting closely with stakeholders around the country to ensure TPP addresses the issues that American businesses and workers are facing today, and may confront in the future.

The Trans-Pacific Partnership Framework

The United States, along with Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam are working to craft a high-standard agreement that addresses new and emerging trade issues and 21st-century challenges. The agreement will include:

• Core issues traditionally included in trade agreements, including industrial goods, agriculture, and textiles as well as rules on intellectual property, technical barriers to trade, labor, and environment.

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Vietnam Gets $ 1 Billion Loan From US Ex-Im Bank For Wind-Energy Projects

HANOI -(Dow Jones)- The state-run Vietnam Development Bank has signed a letter of credit with the Export-Import Bank of the U.S. for a $ 1 billion loan to finance the development of wind-energy projects in the Mekong Delta region during the period 2011-2015, the Vietnamese government said in a statement issued late Tuesday.

Ex-Im Bank will make loans and may also serve as guarantor when VDB borrows from international banks. The loans will be used to pay for the construction and equipment of wind-energy projects to be built in Vietnam, the statement said.

In the first project in Bac Lieu Province, borrowings from Ex-Im Bank will be used to pay for the purchase of wind-turbines from U.S. firm General Electric, the statement said.

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America’s Pacific Century: U.S. Secretary of State Clinton

The Asia-Pacific has become a key driver of global politics. Stretching from the Indian subcontinent to the western shores of the Americas, the region spans two oceans, the Pacific and the Indian, that are increasingly linked by shipping and strategy. It boasts almost half the world’s population. It includes many of the key engines of the global economy, as well as the largest emitters of greenhouse gases. It is home to several of our key allies and important emerging powers like China, India, and Indonesia.

At a time when the region is building a more mature security and economic architecture to promote stability and prosperity, U.S. commitment there is essential. It will help build that architecture and pay dividends for continued American leadership well into this century, just as our post-World War II commitment to building a comprehensive and lasting transatlantic network of institutions and relationships has paid off many times over, and continues to do so. The time has come for the United States to make similar investments as a Pacific power.

Harnessing Asia’s growth and dynamism is central to American economic and strategic interests and a key priority for President Obama. Open markets in Asia provide the United States with unprecedented opportunities for investment, trade, and access to cutting-edge technology. Our economic recovery at home will depend on exports and the ability of American firms to tap into the vast and growing consumer base of Asia. Strategically, maintaining peace and security across the Asia-Pacific is increasingly crucial to global progress, whether through defending freedom of navigation in the South China Sea, countering the proliferation efforts of North Korea, or ensuring transparency in the military activities of the region’s key players.

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After Iraq, U.S. to Refocus on Asia

Secretary of State Hillary Clinton has in recent days said such a shift is coming. In a speech in New York on the need to use diplomatic power to address America’s economic ailments, she declared that in the aftermath of Iraq and Afghanistan, “the world’s strategic and economic center of gravity is shifting east, and we are focusing more on the Asia Pacific region.”

In a new article in Foreign Policy magazine, she called for “a substantially increased investment, diplomatic, economic, strategic, and otherwise, in the Asia-Pacific region.”

She defined that region to include India and Indonesia, but most of the focus will be on China and its complicated economic relationship with the U.S. It’s safe to say that many Americans fear the rising economic power of China, worrying that their country is either losing ground to Chinese industrial might or, worse, becoming subservient to Beijing because of a reliance on Chinese investment to finance America’s federal deficits.

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Weekly Update Oct 24: “Pharma 3.0”, Palooza, Membership Directory 2012

Highlights

AmCham Membership Directory 2012
AmCham Scholarship 2011
AmCham • Intel Women in Engineering Scholarship 2011
Tu, Oct 25 Members Lunch: Achieving/Delivering Health Outcomes – “Pharma 3.0”
We, Oct 26 AmCham Palooza Party @ Orientica, Hotel Equatorial
Su, Oct 30 Application Deadline AmCham • Intel Women in Engineering Scholarship
Tu, Nov 1 Legal Committee Meeting
We, Nov 9 Networking Night: How Do Companies React to High Inflation?
Th-Sa, Nov 10-12, APEC CEO Summit: Honolulu, Hawaii
We, Nov 16 Morning Briefing: Making Arbitration Work for You
Th, Nov 24 11th Annual Thanksgiving Turkey Shoot Scramble Golf Tournament
Th, Nov 24 12th AmCham Old Fashioned Thanksgiving Dinner
Sa, Dec 10 16th Annual Governors’ Ball – “A Hawaiian Christmas”
We, Dec 14 Annual General Meeting
Mo-Tu, Mar 26-27 Asia Pacific Business Outlook, Los Angeles CA
About AmCham : Support for Education in Vietnam
Consumer Trends in Vietnam, 2005 – 2011

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Floods drown Asia’s rice bowl

Oct 5, 2011. Massive floods have ravaged vast swathes of Asia’s rice bowl, threatening to further drive up food prices and adding to the burden of farmers who are among the region’s poorest, experts say.

About 1.5 million hectares (3.7 million acres) of paddy fields in Thailand, Vietnam, Cambodia and Laos have been damaged or are at risk from the worst floods to hit the region in years, officials say.

In Thailand, the world’s biggest rice exporter, where 237 people have died in the floods, about one million hectares of paddy—roughly 10 percent of the total—have been damaged, they say.

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India, Vietnam Set to Go Ahead with South China Sea JV

Sept. 29 – Dismissing China’s recent comments strongly condemning Vietnam and India for planning oil and gas exploration in the disputed South China Sea region, India’s state-run oil firm ONGC Videsh Ltd. has said it would go ahead with its planned operations in the region.

“Energy security is among our top priorities. ONGC Videsh Ltd. has been there in Vietnam for the past 10 years. Now it is planning to sign an MoU for strategic cooperation to take the ties with Petro Vietnam forward,” said an Indian official.

Apparently, India has determined to “intervene” in this region and Vietnam, which is a claimant to part of the disputed territory, is willing to take India’s side.

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RSVP: Fri, Oct 7 Members Lunch: Vietnam 2011 – Declining Consumer Nation


Members Lunch: Vietnam 2011 – Declining Consumer Nation

WHEN: Fri, Oct 7 from 12:00 pm – 1:30 pm
WHERE: New World Saigon Hotel

Please @ Add to calendar and click this link to Register Online

Event Background:

Ralf MatthaesFor the 7th annual AMCHAM Consumer Trends Luncheon, Ralf Matthaes, Regional Managing Director of TNS will provide his annual overview of the Vietnam’s consumer and economic landscape.

Considering towering inflation, huge interest rates and declining FDI, come and discover how Vietnam’s consumer outlook, behavior and purchasing habits are changing compared to Vietnam’s past 10 years of double digit growth. Key topics covered include consumer data through September 2011 such as: consumer confidence, sector spend increase – decline , the true story of luxury goods, changing spending habits and priorities, evolution of wealth – rich man-poor man analysis, shopping habits / frequency and purchase basket analysis, shifting media habits, economic comparison of 2010-2011, and 2012 forecast.

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APEC CEO Summit, Honolulu, Hawaii, Nov 10-12, 2011

The APEC CEO Summit is the Asia-Pacific’s premier business event, drawing thousands of economic and business leaders from around the region and beyond. The 2011 CEO Summit will provide unparalleled opportunities for business executives to engage in dialogue with global leaders and ministers of foreign affairs and trade, discover business opportunities through networking with CEOs from hundreds of top Asia-Pacific companies, and to forge connections with economic thought leaders from around the region and the world.

Venue:
The APEC 2011 CEO Summit will be held at the Sheraton Waikiki, a Luxury Collection resort. The beachfront hotel is minutes away from the main Waikiki shopping area and provides easy access to the ocean and to the many activities that Honolulu has to offer.

Hotels:
The appointed APEC 2011 CEO Summit hotels are the Sheraton Waikiki and the Royal Hawaiian. Both are Luxury Collection properties and are located adjacent to each other on the Waikiki beachfront. Rooms can be reserved via our website.

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Weekly Update Sep 5: Build Employer Brand,Talent Management, Real Estate Networking Night

Highlights

Mo, Sep 5 Labor Day 2011 (U.S. Holiday)
We, Sep 7 Build Your Employer Brand
We, Sep 14 Sustainable Talent Management
Th, Sep 15 Real Estate Networking Night: Industrial Sector
Fr-Su, Sep 16-18 Weekend Retreat in Hoi An
Sa, Sep 17 International Coastal Cleanup Day
Mo, Sep 19 Economic Dynamism: Growth and Overcoming the Limits of Geography
Tu, Sep 20 Members Night and Networking Cocktail Reception
Sa, Sep 24 – Sa, Dec 3 AmCham Scholarship 2011
We, Sep 28 AmCham Palooza Party
Th-Sa, Nov 10-12, APEC CEO Summit: Hawaii
Southern Key Economic Region: Ports, Industrial Parks, Roads
Developing a 21st Century Workforce in Vietnam

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