Malaysian Prime Minister Ismail Sabri Yaakob attends a meeting with Asean leaders and US business representatives as part of the Association of Southeast Asian Nations US-Asean Special Summit, in Washington, US, on May 12, 2022.WASHINGTON - Malaysian Prime Minister Ismail Sabri Yaakob on Thursday urged the US to adopt a more active trade and investment agenda with the Association of Southeast Asian Nations , saying this would benefit Washington economically and strategically.
He said the US was an important partner for Asean, as its largest foreign direct investor and second-largest trading partner, with two-way trade of $308.9 billion in 2020. "Therefore the US should adopt a more active trade and investment agenda with Asean, which will benefit the US economically and strategically," he said.
He said there were some 6,200 US companies operating in Asean, many of which used the region as a production platform to export in the region and beyond."To further their growth I would encourage US businesses to tap into the largest FTA, with a market covering 15 countries, comprising 2.3 billion, or nearly a third of the global population and world gross domestic product , and take advantage of the vast investment opportunities presented," he said.
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