1. Consultations between the ASEAN Economic Ministers (AEM) and the United States Trade Representative (“the Ministers”) were held on 28 August 2014 in Nay Pyi Taw, Myanmar. The Consultations were co-chaired by H.E. Dr. Kan Zaw, Union Minister for National Planning and Economic Development of Myanmar and H.E. Michael Froman, the United States Trade Representative.
2. The Ministers were pleased to note the strong growth in trade relations between ASEAN and the United States of America (U.S.). Total merchandise trade between ASEAN and the U.S. in 2013 stood at US$207 billion, 4% increase year-on-year. The U.S. was ASEAN’s fourth biggest trading partner, while ASEAN as a group was the fourth largest U.S. export market and trading partner.
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