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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.
The Internet of Things (IoT) is transforming the way we live, work, do business, and meet the needs of the public. This emerging technology will impact virtually all industries and all walks of life. There is little doubt the scale of IoT will grow exponentially. It is estimated that the number of connected devices will grow from 20 to 50 billion units in 2020 and the market size will grow to several trillion dollars by 2025. This report presents several use cases of IoT that demonstrate the benefits of the emerging technology in various industries and settings, including energy, manufacturing, healthcare, auto, supply chain and logistics, and cities.
SEOUL— The U.S.-Korea Business Council (USKBC) and U.S.-Japan Business Council (USJBC), affiliates of the U.S. Chamber of Commerce, today concluded a trilateral Internet of Things (IoT) and Digital Economy forum in Seoul, South Korea. The forum highlighted the potential of transformative technologies and the necessary public policies to support them.
The U.S.-Japan Business Council (USJBC) is pleased to announce that Charles H. Robbins, chief executive officer and member of the board of Cisco Systems, Inc., has been elected chairman of the USJBC for a two -year term, effective November 4, 2016. Robbins, who has been CEO of Cisco since 2015, takes over the USJBC chairmanship from Dr. John Lechleiter, president, chairman and CEO of Eli Lilly and Company.
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