Business News: The AmChams of Asia Pacific Business Summit 2021 underlines US business leadership in the region.
As a new US administration takes office and regional governments implement post-COVID financial recovery, the summit aims to bring companies together to explore issues such as digital transformation and human capital, which will frame the event’s key discussions. Other topics of discussion include leadership, industrial transformation, and government and policy transformation.
The summit opened with a speech by Singapore’s Deputy Prime Minister (DPM), Minister for Economic Policy Coordination and Finance Minister, Heng Swee Keat, in which he highlighted the challenges the region faces and how US companies can perform. a constructive role in navigating these challenges. DPM Heng also spoke about three key growth areas: infrastructure demand, digital economy and sustainability, which will resonate with the region’s policy makers and provide investment opportunities.
In 2019, US direct investment in APAC amounted to approximately $ 955.4 billion (estimate of SGD 1.272 billion). American companies continue to grow and expand in the region with the support of multilateral trade policies in place. Singapore is home to over 4,500 American companies and is the seventeenth largest merchandise trading partner of the United States
AAP Business Summit 2021 is a testament to the unwavering relationship between the United States and APAC, providing a platform to strengthen the American business community through dialogue and mutual understanding.
Steven Chan, president of AAP and senior director and regional head of government relations, Asia Pacific, PayPal, said, “Asia Pacific is a region of rapidly growing economies, making it one of the most attractive markets for businesses. both local and international businesses The AmChams of Asia Pacific Business Summit provides a crucial platform for business leaders from the region and globally to share industry insights and best practices. As a community, we will not only overcome the challenges posed by COVID-19, but we will also support pandemic recovery efforts by exploiting the enormous opportunities available in this dynamic region. “
AmCham is an independent and non-partisan business organization. We are members of AmChams of Asia Pacific which includes 28 AmChams in the region. Our goal is to provide the information and facilitate access and connections that enable members to understand the local, regional and global operating environment, enhance their four professional skills, and enable them to make well-informed business decisions.
Founded in 1968, AAP (formerly known as the Asia-Pacific Council of American Chambers of Commerce) is an umbrella organization that collectively comprises 28 AmChams.
The annual AAP Business Summit is hosted each spring by one of the AAP member associations and brings together business, diplomatic and academic leaders from in the United States and the Asia Pacific region to promote thought leadership, exchange business ideas and build contacts. AmCham Singapore will host the AAP Business Summit 2021 from From 9 to 11 March 2021.