2017 APCAC Busi­ness Sum­mit in Guangzhou, China

Thai-American Business (T-AB) Magazine - - Contents -

From April 19 till 22, the Asia Pa­cific Coun­cil of Amer­i­can Cham­bers ( APCAC) held its an­nual busi­ness sum­mit in Guangzhou, China. The four- day event brought to­gether more than 600 busi­ness and in­dus­try lead­ers, pol­icy ex­perts, and top gov­ern­ment of­fi­cials from the U. S., China, and from across the Asia Pa­cific re­gion. More than 100 in­ter­na­tional expert speak­ers were on hand to speak on is­sues of com­mon con­cern to the Amer­i­can busi­ness com­mu­nity in the re­gion, in­clud­ing ar­eas of op­por­tu­nity for in­vest­ments in the Asia Pa­cific.

This year’s Busi­ness Sum­mit was hosted by Amcham South China and held in con­junc­tion with the U. S- China In­vest­ment Co­op­er­a­tion Fo­rum. Co- hosted by the De­part­ment of Com­merce of Guang­dong Prov­ince, the key­note speech was de­liv­ered by Yu Jian­hua, Vice Min­is­ter of Com­merce of the Peo­ple’s Republic of China and Deputy China In­ter­na­tional Trade Rep­re­sen­ta­tive. Other re­marks were de­liv­ered by Chargé d’af­faires ad in­terim of the U. S. Em­bassy in Beijing, David H. Rank; U. S. Con­sul Gen­eral in Guangzhou, Charles Ben­nett, and other dis­tin­guished guests.

The top­ics of dis­cus­sion in­cluded fi­nance, in­vest­ment, tourism, im­mi­gra­tion and the new U. S. ad­min­is­tra­tion. The panel dis­cus­sions fea­tured speak­ers from the China In­ter­na­tional Fair for In­vest­ment and Trade ( CIFIT) Or­ga­niz­ing Com­mit­tee, Gov­ern­ment of Guam, Wal­mart, HSBC, Amway, Cit­i­group, Duff & Phelps, AIG, Pay­pal, Withers World­wide, KKR, and oth­ers.

TRADE, TAXES AND TRAVEL

Held on the side­lines of the Sum­mit was the an­nual APCAC Board meet­ing at­tended by rep­re­sen­ta­tives of each cham­ber. My­ron Bril­liant, Ex­ec­u­tive Vice Pres­i­dent and Head of In­ter­na­tional Af­fairs at the U. S. Cham­ber of Com­merce, briefed the APCAC lead­er­ship on the cur­rent en­vi­ron­ment in Wash­ing­ton, DC and pro­vided an as­sess­ment of U. S. Pres­i­dent Don­ald Trump’s trade and eco­nomic pol­icy. In prepa­ra­tion for is­sues to be de­liv­ered at the June Door­knock in Wash­ing­ton, DC, the APCAC Board fo­cused on the themes of Trade, Taxes and Travel in­clud­ing:

1. Trade - Re- en­gage­ment of the U. S. with the Asia Pa­cific re­gion in some form of Free Trade Agree­ment to in­clude pos­i­tive el­e­ments of the now- de­funct TPP. This is cru­cial to en­sure that U. S. trade and in­vest­ment in the re­gion con­tinue to be part of Asia’s en­gine of growth; 2. Taxes - Con­tinue to urge the Ad­min­is­tra­tion to re­view tax­a­tion poli­cies for U. S. cit­i­zens over­sees to al­low for a level play­ing field with other coun­tries; Travel - Urge the re- au­tho­riza­tion of leg­is­la­tion for the APEC Busi­ness Travel Card ( ABTC) which is due to ex­pire in 2018.

Ad­di­tion­ally, Jack­son Cox ( AMCHAM Thai­land and Mon­go­lia) was re- elected to his third term as Chair­man.

ABOUT APCAC

Es­tab­lished in 1968, APCAC rep­re­sents 29 Amer­i­can Cham­bers of Com­merce from 22 economies in Asia Pa­cific; 20,000 mem­ber com­pa­nies; 50,000 over­seas Amer­i­can ex­ec­u­tives; 10 mil­lion em­ploy­ees; USD 620 bil­lion in an­nual for­eign di­rect in­vest­ment ( FDI) man­age­ment and USD 1 tril­lion in an­nual trade.

The APCAC Busi­ness Sum­mit is hosted each spring by an APCAC mem­ber AmCham. The an­nual sum­mit at­tracts cor­po­rate and gov­ern­ment lead­ers from across the re­gion and pro­vides a valu­able plat­form for di­a­logue on key is­sues, net­work­ing and busi­ness de­vel­op­ment.

Newly re- elected APCAC Chair­man Jack­son Cox, Ex­ec­u­tive Vice Pres­i­dent and Head of In­ter­na­tional Af­fairs at the U. S. Cham­ber of Com­merce My­ron Bril­liant, and APCAC Ex­ec­u­tive Di­rec­tor Adam Sitkoff

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