AmCham attends APCAC 2018 Business Summit in Malaysia

One of the most anticipated business summits was held in Kuala Lumpur recently and concluded with a new solution for business arrangements between Asia and the United States, despite recent announcements on international trade and tariffs.

The APCAC (Asia Pacific Council of American Chambers of Commerce) 2018 Business Summit took place recently with 330 leading business, government, diplomatic and academic figures from more than 12 countries across Asia and the US attending.

Nuzreth Jalaldeen, Executive Director of the American Chamber of Commerce in Sri Lanka (AmCham) was also present at the summit.

Jackson Cox, Chairman of APCAC said that the conference has been very important in creating connections and deepening business engagements, with South Asia being the fastest growing region of the world.

At the conclusion of the summit Mr. Cox stated,“It has been a great week in Kuala Lumpur as we have met to chart a bold future for US business in Asia.  I am optimistic that the future of American business here will remain strong and I will be forever grateful to the hosts for putting together such a successful event.”

Throughout the two day summit, delegates heard from a range of business, government and academic leaders discussing a range of issues including an in depth look at what the Asian Century means, some of the challenges of Asia for US companies, smart cities, the impact of emerging technologies on the global supply chain, energy challenges, cybersecurity, infrastructure and ASEAN and regional trading frameworks.

APCAC (Asia Pacific Council of American Chambers) is an association of 29 American Chambers of Commerce from across in the Asia Pacific and representing 15,000 companies and 10 million employees with an estimated USD 620 billion in annual FDI management and more than USD 1 trillion in annual trade.

Nuzreth Jalaldeen, ED, AmCham Sri Lanka pictured with U.S. Ambassador to Malaysia, Kamala Shirin Lakhdhir

Nuzreth Jalaldeen, ED, AmCham Sri Lanka pictured with participating EDs from AmCham in Asia Pacific