The US Chamber of Commerce in China has represented US corporations operating on the mainland at a conference aimed at boosting US exports in line with President Obama’s National Export Initiative.
Last week, the US State Department convened a Global Business Conference to discuss how the US can provide increased support for US businesses exporting and operating abroad and in attracting increased foreign investment to the US.
AmCham China chairman Ted Dean formed part of the delegation attending this conference, representing members and discussing the views of the US business community in China.
Following the event, Dean said: “The goal of this conference was to explore how the US government can best play a role as a strong ally and partner to the US business community. The state department sees American chambers of commerce as critical to their efforts and by accepting the State Department’s invitation to attend we helped ensure that issues facing the US business community in China are at the top of their agenda.”
One impetus for this new form of “economic statecraft” is to help fulfill President Obama’s goal of doubling America’s exports over the next five years, a policy objective first announced in 2010 as part of the president’s National Export Initiative.
US Secretary of State Hillary Clinton delivered the keynote address and dubbed the president’s goal as “jobs diplomacy”. She said: “Every $1 billion of goods we export supports more than 5,000 jobs here at home – even more in industries like telecommunications and aerospace.”
The conference, which brought together business representatives from over 100 counties, formed part of a State Department effort to reach out to the US business community around the world and share ideas and best practices to help American companies succeed in increasingly important but challenging overseas markets.
China was a key area of discussion at the conference given the enormous size of the market and the many issues US companies face while trying to do business there. Issues such as market access, intellectual property rights protection and fair competition were debated during the conference.
Following on the heels of the Global Business Conference, AmCham China president Christian Murck has travelled to Tokyo for the 2012 US-Asia Business Summit, hosted by the Asia-Pacific Council of American Chambers of Commerce (APCAC).
The US-Asia Business Summit is a series of high-level meetings comprised of over 300 senior leaders from business and government, as well as ambassadors from around the region.