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Business council chief bullish on Asean: US companies have ‘heck of a lot at stake’ there

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American companies are at a disadvantage as the United States, with free trade deals politically unpalatable at home, is absent from regional trade arrangements.

American companies are at a disadvantage as the United States, with free trade deals politically unpalatable at home, is absent from regional trade arrangements.

PHOTO: REUTERS

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Mr Ted Osius, president and chief executive of the US-Asean Business Council in Washington, is optimistic about Asean – especially over its prospects in the digital and green economies.

A “virtuous cycle” is under way in Vietnam, for example, where multinationals investing in the country are insisting on green sources of energy. In response,

Vietnam has changed dramatically from heavy reliance on coal

to a very diversified energy mix.

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