U.S. Chamber of Commerce Senior VO Freeman on Trade Talks

The transcript discusses the US's commitment to the Indo-Pacific region, highlighting infrastructure projects like the Build Act. It addresses the US-China trade conflict, emphasizing the need for a comprehensive deal beyond phase one. Opportunities in Southeast Asia are explored, alongside challenges posed by the US's exclusion from TPP and RCEP. The impact of US trade policies on businesses and ASEAN is examined, with a focus on uncertainty and the need for liberalization. The role of ASEAN in global trade and economic risks such as Brexit are also discussed.

What is the significance of the Build Act mentioned by the US Commerce Secretary?

• It aims to reduce tariffs on Asian imports.

• It focuses on military alliances in Asia.

• It commits $60 billion to US infrastructure projects in the Indo-Pacific.

• It is a symbolic gesture with no real impact.

What is a major concern for businesses regarding the US-China trade conflict?

• The reduction of tariffs on Chinese goods.

• The focus on environmental issues.

• The increase in US military presence in Asia.

• The lack of a comprehensive trade deal.

How are businesses responding to the US not being part of TPP and RCEP?

• They are increasing investments in the US.

• They are concerned about missing out on trade opportunities.

• They are looking for opportunities in other regions.

• They are unaffected and continue as usual.

What is a potential benefit for ASEAN countries due to the US-China trade tensions?

• Increased military aid from the US.

• Higher tariffs on US goods.

• Stronger political alliances with China.

• Opportunities to attract supply chains moving from China.

What is the main message to governments in Southeast Asia regarding economic reforms?

• Increase tariffs on US imports.

• Reduce foreign investments.

• Implement liberalization and regulatory reforms.

• Focus on military expansion.

What is a key risk mentioned that could impact global business investment?

• Lack of policy certainty.

• Decrease in technological advancements.

• Increase in global oil prices.

• Certainty in trade policies.

What is the importance of ASEAN centrality as discussed in the video?

• It focuses on cultural exchanges.

• It promotes unity and cooperation among ASEAN countries.

• It ensures military dominance in the region.

• It reduces the need for foreign investments.