Its activities will also strengthen the United States’ and ASEAN’s joint efforts to promote an open, connected, prosperous, resilient, and secure Indo-Pacific region.
Since the establishment of the US-ASEAN dialogue partnership in 1977, both sides have built extensive cooperation in various areas under the political-security, economy, and socio-cultural pillars. The US is the largest source of foreign direct investment in Southeast Asia, and more than 6,200 US businesses have contributed to a record USD520.3 billion in total trade between the S and the nations of ASEAN in 2022, creating 625,000 jobs in all 50 states, and 1 million jobs throughout Southeast Asia.
The close US–ASEAN partnership is also reflected in the increasing people-to-people engagements for our combined one billion people, as well as the growing number of students from ASEAN countries in the US. (WHY)