Category: News

Washington, DC - Over 1,000 business and government leaders from the United States and across the Indo-Pacific region gathered on November 4 in Bangkok for the Indo-Pacific Business Forum to promote the value of high-standard investment, transparency, rule of law, and private-sector-led economic development.

The nearly 200 U.S. business executives in attendance represented some of the world’s most innovative, influential, and trustworthy companies—with a collective annual revenue of over $2.8 trillion. These companies contribute to an annual $1.9 trillion in two-way trade in goods and services between the United States and the countries in the Indo-Pacific region and help make the United States the largest source of foreign direct investment into the region. Over 600 business executives from other Indo-Pacific countries participated in the Forum.

The Indo-Pacific Business Forum was headlined by U.S. Secretary of Commerce Wilbur Ross, U.S. State Department Under Secretary for Economic Growth, Energy and the Environment Keith Krach, Export Import Bank (EXIM) Chairman Kimberly Reed, U.S. Trade and Development Agency (USTDA) Acting Director Thomas Hardy, Overseas Private Investment Corporation (OPIC) Executive Vice President David Bohigian, and U.S. Agency for International Development Deputy Administrator Bonnie Glick. The Forum was co-hosted by the U.S. and Thai governments, along with the U.S. Chamber of Commerce, the U.S.-ASEAN Business Council, and the Thai Chamber of Commerce.

Secretary Ross led a business delegation of U.S. companies to the Indo-Pacific Business Forum to explore deals, with additional stops in Indonesia and Vietnam. Companies on the delegation include: AES Corporation, Baxter International, Bechtel, Bell Textron, Boeing, Capstone Turbine Company, Cheniere Energy, Citi, Honeywell International, LNG Limited/Magnolia LNG, Lockheed Martin, Qualcomm, Securiport, Sierra Nevada, Tellurian, Tesla, and Varian Medical Systems, as well as the American Council of Engineering Companies.

Under Secretary Krach led a panel discussion on “Fostering a Vibrant Digital Economy in the Indo-Pacific,” discussing how innovation and entrepreneurship in the digital economy will catalyze regional growth, with panel participants from HP, Inc. Underwriter Laboratories, and the Japanese Ministry of Economy, Trade, and Industry (METI).

The U.S. officials and business executives at the Indo-Pacific Business Forum highlighted a range of commercial deals and new initiatives, including:

New U.S. Deals in Indo-Pacific

New U.S. and Partner Efforts to Advance a Free & Open Indo-Pacific