This article discusses the continued attractiveness of Southeast Asia for investors, despite concerns about US trade policy under President-elect Donald Trump. It highlights the region's strong economic growth, increasing intra-regional trade, and burgeoning opportunities in key sectors like AI, semiconductors, and digital commerce. The article features an interview with Ted Osius, President and CEO of the US-ASEAN Business Council, who shares his insights on the business council's priorities and why investors remain optimistic about Southeast Asia.
A worker at a solar panel factory in Dalton, Ga., on Nov. 22, 2023. For some industries with U.S.-based operations, such as solar manufacturing, the prospect of higher tariffs may be welcome.In this episode, Nirmal Ghosh (left) hosts a former US Ambassador to Vietnam and current President and CEO if the US- ASEAN Business Council, Ted Osius.Synopsis: The Straits Times’ global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.
With President-elect Donald Trump intent on using tariffs as a weapon - with the larger strategy of rejuvenating American manufacturing - there is concern that the US could retaliate against countries that have a big trade surplus with the United States.But Asean’s growth and competitiveness remains attractive regardless. From 2022 to 2023, for example, foreign direct investment (FDI) declined in all regions of Asia except Asean. More broadly, intra-regional trade in Asia is expected to rise by 65% to US$400 billion (S$535 billion) a year by 2030, which is a good sign for US and Asean investors. Growth opportunities include artificial intelligence, semiconductor production, digital commerce, medical devices, and mineral supply chains - and Asean countries are competing for investment. In this episode, Ted Osius, a former US Ambassador to Vietnam and currently President and CEO of the US-Asean Business Council in Washington DC, shares with host Nirmal Ghosh, the business council’s concerns and wish list, and also why he thinks that, regardless of US government policy, investors are bullish on South-east Asia.4:10 The wish for a forward-looking US trade agenda remains as this region moves forward10:05 Which Asean countries are making real efforts to attract FDI?Please verify your e-mail to read this subscriber-only article in ful
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