The Chamber's Asia Department gives voice to policies that help American companies compete and prosper in Asia's dynamic marketplace. Our expertise allows companies to actively shape policy debates in Asian countries and in Washington. The Chamber helps companies gain greater access to senior government officials and corporate representatives in a way few organizations can.
Made in China 2025 (MIC 2025) is a comprehensive plan to transform China into an advanced manufacturing leader. Targeting industries that constitute nearly 40 percent of China’s entire industrial value-added manufacturing, according to the Rhodium Group, MIC 2025 is part of China’s efforts to develop a more innovative economy and ascend the global value chain.
The U.S. Chamber of Commerce and its affiliate, the U.S.-Japan Business Council (USJBC), today hosted Japanese Prime Minister Shinzo Abe for a roundtable discussion with U.S. business executives. U.S. Chamber President and CEO Thomas J. Donohue welcomed Prime Minister Abe and praised his commitment to a strong economic partnership between the two countries.
Remarks by THOMAS J. DONOHUE President and CEO, U.S. Chamber of Commerce
Good morning, ladies and gentlemen.
It is my privilege to welcome back to the U.S. Chamber His Excellency, Shinzo Abe, Prime Minister of Japan. Mr. Prime Minister, we were honored to host you here at the Chamber during your official state visit in 2015. And we thank you for making time to join us again today.
The U.S. Chamber of Commerce today released a report which reveals that reducing or eliminating relevant tariffs and other behind-the-border barriers between the United States and China could result in $28.1 billion in additional cumulative gains in two-way agricultural sector trade over 2016-2025. The United States would realize gains of $17.6 billion – a nearly 40% increase over baseline projections.
Members of the U.S.-Korea Business Council and the Korea-U.S. Business Council highlighted the strong economic, political, and cultural ties between the two economies, as well as the growing number of mutually-beneficial
collaborations between U.S. and Korean businesses. With global growth remaining slow, the Councils reiterated the importance of continued cooperation across a variety of sectors to advance our bilateral economic and commercial relations.
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