Latest News:  
Beijing   Sunny    34 / 22 ℃  City Forecast


1st ASEAN-U.S. business summit eyes deeper economic ties


13:32, August 30, 2012

SIEM REAP, Cambodia, Aug. 30 (Xinhua) -- The ASEAN-U.S. Business Summit was held here on Thursday to explore ways to deepen trade and investment ties between the two sides, officials said.

The event was attended by ASEAN Economic Ministers or their representatives, U.S. Ambassador to ASEAN David Carden, ASEAN Secretary-General Surin Pitsuwan, and about 100 business executives and policy makers from the two sides.

Cambodian Minister of Commerce Cham Prasidh, the chair of ASEAN in 2012, said at the opening ceremony that the forum was focused on the development of the digital economy and innovation in the ASEAN.

"This is the first ever ASEAN-U.S. Business Summit even though we have many years of relationship with each other," he said, hoping that the bloc would see further growth in trade and investment with the United States after the summit.

Speaking on behalf of the U.S. Trade Representative Ron Kirk, who missed the opening ceremony due to flight delay caused by typhoon, David Carden said the United States is very pleased to work with ASEAN, saying that the 10 ASEAN countries are the key economic and strategic partners of the United States.

"Today's summit is another of our journey to enhance trade and investment between the U.S. and ASEAN under the U.S.-ASEAN framework agreement being signed in 2006," he said.

Surin said that the ASEAN has seen an impressive record of imports and exports with the United States. In 2011, the trade volume was 198.8 billion U.S. dollars in the U.S. favor.

"The room is still much more to grow between the two sides," he said.

"Through the summit, we hope to see more progress on trade, investment, human resources development, energy, and green technology...everything that will energize economic progress here in the region and also open up opportunities and potential for the U.S. investment in ASEAN," he said.

Most viewed commentaries

World News in Photo
Cool moments of this summer Iran: Finding Mr. Right harder than job hunt Japan stuck in neighbors' anger
Secret skinny dip: Swim in your birthday suit! DPRK's top leader inspects defense front Uncover the secret of gold bars production



Leave your comment0 comments

  1. Name


Selections for you

  1. Youth Day celebrated in North Korea

  2. Moldy burger found in McDonald's restaurant

  3. Joining the 500 Club

  4. Helping hands

  5. Eye Make-Up Art Evolves Again

  6. Fantastic! Unique fireworks

Most Popular


  1. Taiwan's position key for Diaoyu Islands issue
  2. Carrier not right envoy for South Pacific
  3. Commentary: Another realty boom not needed
  4. Red moon threat reflects hollow fears on space
  5. Japanese diplomat in letter mission
  6. Editorial: Erring on side of caution
  7. Commentary: Transition of economy starts
  8. Chinese abroad must have better protection
  9. 'Great China' in the eyes of a Serbian journalist
  10. Italy's bonds sales key to economic strength

What's happening in China

Bachelors seek love from billboard ad

  1. Doubts over future of city's free Wi-Fi
  2. Forum explores digitalization of book market
  3. Incentives to attract foreign students
  4. Fugitive drug trafficker escapes police hunt
  5. Blocked roads, fetid quilts and smelly feet

China Features

  1. Regimen: spleen-friendly diets during White Dew
  2. Watch out hay fever during Bai Lu
  3. Man pricked by syringe with HIV
  4. Large windmill in northern Shaanxi Plateau
  5. Japan aids armed forces of China's neighbors

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture