Asia Foundation: “The Future of ASEAN and the Role of the United States”

The Association of Southeast Asian Nations (ASEAN) is now America’s fourth-largest trading partner. Two-way trade in goods and services has tripled since the 1990s and the United States is the largest source of foreign direct investment in ASEAN.  U.S. investment in ASEAN is almost $190 billion, exceeding all other destinations in Asia, while ASEAN investment in the United States exceeds $27 billion. With its future increasingly intertwined with ASEAN, the United States must maintain the momentum of its rebalance towards the Asia-Pacific, focusing on three pillars: comprehensive and inclusive security networks, economic integration and connectivity, and soft power and people-to-people ties.

Asia Foundation The Future of ASEAN and the Role of the United States