USTR Chief Meets Asian Economic Leaders in Brunei

The U.S. and Association of Southeast Asian Nations (ASEAN) will continue to implement the ASEAN-US Trade and Investment Framework Arrangement (TIFA) and Expanded Economic Engagement (E3) programs, according to a statement (here) released on Aug. 21 by United States Trade Representative (USTR) Michael Froman and ASEAN economic ministers following a summit in Brunei. The statement said total merchandise trade between the U.S. ASEAN registered at $200.2 billion in 2012, noting the U.S. maintains its position as ASEAN’s fourth largest trade partner. Froman also met with Indian Minister of Commerce and Industry Anand Sharma to discuss bilateral trade and investment between the U.S. and India, according to a separate press release (here).