Driving commercial and political engagement between Asia, the Middle East and Europe
Driving commercial and political engagement between Asia, the Middle East and Europe
Driving commercial and political engagement between Asia, the Middle East and Europe
Ministers and officials from the US, Indonesia, and Thailand briefed Asia House Corporate Members this week during a series of high-level meetings in Washington DC.
Convened in the sidelines of the IMF and G20 Finance Ministers Meetings in the US capital, the briefings gave Corporate Members unique insights into some of Asia’s most dynamic economies amid a challenging economic and geopolitical environment.
Sri Mulyani, Minister of Finance, Indonesia, updated Corporate Members on Indonesia’s economic outlook and the role of the G20 – which Indonesia hosts in Bali next month – in tackling global challenges.
Mulyani was asked about the impact of the energy crisis on global efforts to tackle climate change; how Indonesia is planning to finance its energy transition; and initiatives to incentivise green investments. The Minister was also asked about the outlook for emerging markets amid a strengthening US dollar; the robustness of Indonesia’s economy; and the political outlook in the country.
Asia House also welcomed Ambassador Sarah Bianchi, Deputy US Trade Representative, to share the latest developments on the Indo-Pacific Economic Framework (IPEF) and broader US trade relations in Asia.
Ambassador Bianchi provided an update on US trade with economies including China, India and the UK, and answered members’ questions on IPEF, including the timeline for the framework, how it could shape data and digital regulation, and how regional economies are engaging with the initiative.
Thailand’s Minister of Finance, Arkhom Termpittayapaisith, also briefed Corporate Members on the outlook for the Thai economy – the second largest in Southeast Asia after Indonesia – during an off-the-record briefing on 12 October.
The Minister discussed Thailand’s tourism sector and domestic consumption, and outlined the fiscal policy measures the country was taking to counter rising food and energy prices and control inflation.
The sessions, chaired by Asia House Chief Executive Michael Lawrence, enabled Corporate Members to engage with key figures shaping policy at the heart of the global economy.
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