The Asia-Pacific Council of American Chambers of Commerce (APCAC) released a paper highlighting key policy solutions to make it easier for American companies to do business in Asia. The proposals focus on trade, tax, and travel policies and actions which will benefit the United States through economic growth and job creation. The release of the report, entitled “Asia-Pacific Initiatives for U.S. Economic Expansion and U.S. Job Growth” comes at the start of APCAC’s annual “Doorknock” in Washington, D.C. – drawing more than 40 American business leaders from Asia-Pacific to engage the new Administration and Congress.
Jackson Cox, Chairman of APCAC, commented on the new report saying, “This report makes clear that any serious effort to create jobs and economic growth in the United States must include an ‘all of the above’ approach by the United States in the Asia-Pacific region – the heart of the global growth engine.” Cox continued, “Our recommendations to the Trump Administration and the Congress are straightforward and will go a long way in securing success for American workers and American leadership is Asia.”
Steven R. Okun, Vice Chairman of APCAC, said, “APCAC respectfully urges the Administration to consider a mix of both bilateral and multi-party engagement on trade. One of the greatest deterrents to exporting, from MNCs with global supply chains to competitive SMEs, is the complexity of different trade rules market-by-market. Bilateral trade deals are good at opening markets on a one-by-one basis, but regional trade deals are complimentary in simplifying the process of exporting to multiple markets.”
Founded in 1968, APCAC is an association of 29 American Chambers of Commerce in the Asia-Pacific region. APCAC’s collective membership comprises over 15,000 companies and more than 50,000 overseas American executives who are responsible for annual trade volumes in excess of $750 billion. For more information about APCAC please visit www.apcac.org.