The Association Southeast Asian Nations (ASEAN)
and the United States
the International trade and Investment Framework Agreement (ASEAN - United States TIFA) in August 2006, which serves as a mechanism
to intensify ASEAN - United States economic ties.
The United States is one of the major trade partners of the Association of
Southeast Asian Nations (ASEAN). For the United States, the ASEAN region has been
one of the fastest growing export markets.
The total trade between ASEAN member economies (Brunei Darussalam, Myanmar, the Philippines, Singapore,
Thailand, Vietnam, Cambodia, Indonesia, Malaysia and Laos PDR) and the United States augmented from USD 135 billion in 2004
to near USD 149 billion in 2009.
As for Foreign direct investment, the inflow from the United States to ASEAN
markets was USD 3.3 billion in 2009, accounting for 8.5% of total Foreign direct
investment (FDI) in the region. Total US Foreign direct investment into ASEAN from 2007 to 2009 was USD 16.5 billion.
ASEAN United States Trade and Investment Framework Agreement: