Connecticut – known for its financial services and high end manufacturing – is rapidly emerging as an important trading partner for the ASEAN region. Trade flows have grown quickly in recent years, a trend which will increase under TPP.
Pennsylvania is an important economic player within the US and the world. The state’s service industry and hi-tech manufacturers stand to benefit from the TPP and look to ASEAN as an increasingly important trade partner.
Ohio is a major state economy in the US thanks to the trade relationships Ohio-based companies have with other countries. ASEAN in particular has been a key trade partner with future potential for growing trade links under the TPP.
Arizona has a near US$2billion export trade business with the ASEAN nations, representing about 6 percent of the state’s total exports. These support some 11,896 American jobs in Arizona. Learn about Arizona’s present and future trade prospects with the Association of Southeast Asian Nations.
ASEAN may not figure highly on the radar for businesses in Virginia, but exports to the South-East Asian bloc represent a one and a half billion dollar trade value, amounting to 5 percent of all Virginian exports. That amount is not to be sniffed at and suggests potential for development.
Trade between New York and ASEAN is a multi-billion dollar business and rapidly increasing, with the ASEAN nations of Indonesia, Malaysia, Philippines & Thailand particularly big markets. Singapore is the hub for shipping to these nations.
In this State by State article, we look at ASEAN’s bilateral ties with California, one of economically successful states in the US, and a major trade partner of the ten nation bloc.
In this State by State article, we look at ASEAN’s bilateral ties with Michigan, a state that has a small but dynamic trade relationship with the ten-nation bloc.
For a north-eastern State a long way from South-East Asia, the trade relationship between Wisconsin and ASEAN is remarkably robust, with a growing element of the dairy industry now finding its way to new export markets in Asia. In 2012, Wisconsin exported US$1.14 billion in goods and services to ASEAN nations, of which some US$900 million were consumer goods.
Read an in-depth look at the burgeoning trade relationship between Illinois and ASEAN, and the opportunities this brings for your business.