Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations, or ASEAN, was established in 1967 with the signing of the ASEAN Declaration by Indonesia, Malaysia, Philippines, Singapore and Thailand. Since then, Brunei Darussalam, Vietnam, Lao People’s Democratic Republic, Myanmar, and Cambodia joined, making up what is today the 10 member states of ASEAN.
The ASEAN Vision 2020, adopted by the ASEAN leaders on the 30th anniversary of ASEAN, agreed on a shared vision of ASEAN as a concert of Southeast Asian nations and an agreement to become an economic union by 2020. The agreement sets deadlines for lowering travel restrictions and tariffs in the region of 500 million people.
In 2012, US export to ASEAN totaled almost $76 billion. California exports totaled $11.7 billion, approximately 15 percent of all US exports to ASEAN.
Asia-Pacific Economic Cooperation (APEC)
The APEC forum was formed in 1989. It serves as a multilateral forum in which Asian and Pacific economies can solve economic problems and cooperate in developing key economic sectors.
The APEC economies are: Australia, Brunei Darussalam, Canada, Chile, People’s Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Republic of the Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States and Vietnam.
See CalChamber's APEC Trade Issues Page for further information
Trans - Pacific Partnership Agreement
The 16th Round of the Trans-Pacific Partnership negotiations took place in Singapore, March 4-13, 2013.
The U.S. Trade Representative's office said they were pleased that the 11 TPP partners were able to "put the negotiations on an accelerated track toward conclusion".
A TPP Trade Ministers meeting has been set for mid-April in Surabaya, Indonesia, on the margins of the APEC meetings.
The next round of negotiations will be in Lima, Peru, May 15-24, 2013
See the CalChamber's TPP Trade Issues Page for further information