Today in Rangoon, Myanmar, U.S. Commerce Secretary Penny Pritzker concluded a week-long commercial diplomacy trip, after making stops in Hanoi, Vietnam; Manila, Philippines; and Naypyitaw, Myanmar. All three countries are members of the Association of Southeast Asian Nations (ASEAN), a region that is the United States’ fourth-largest export market and the fifth-largest overall trading partner. The ten dynamic countries that comprise ASEAN have an economy valued at $2.4 trillion.
The economies of Vietnam, the Philippines, and Burma present enormous opportunity for U.S. businesses, which is why a delegation of U.S. CEOs and the U.S.-ASEAN Business Council joined Secretary Pritzker to further commercial ties as well as strengthen our bilateral relationship in the region.
The Obama Administration has made a deliberate decision to deepen U.S. engagement with Asia, and throughout the week, Secretary Pritzker elaborated on the economic dimension of this commitment, which includes deepening trade and investment ties with existing partners, building the soft and hard infrastructure necessary to support the growth of emerging partners, and taking the steps necessary to level the playing field for commerce across the region.