Deputy Secretary Bruce Andrews Concludes Trip to Asia-Pacific Economic Cooperation (APEC) Summit

This week, U.S. Deputy Secretary of Commerce Bruce Andrews concluded his four-day trip to Beijing, China for the 2014 Asia-Pacific Economic Cooperation (APEC) Summit and the APEC CEO Summit 2014. Deputy Secretary Andrews met with numerous CEOs and business leaders. He represented the Department of Commerce which promotes stronger U.S. economic and commercial ties in the Asia-Pacific.

To help promote foreign investment in the United States, Deputy Secretary Andrews participated in a roundtable focused on innovation and investment, along with Secretary of State John Kerry and CEOs from nine of China's most influential companies.

Deputy Secretary Andrews also moderated a business ethics roundtable, focusing on the importance of public-private partnerships in raising ethical standards in the healthcare industry. He briefed attendees on the progress made to date and discussed how governments and industry can work together to ensure continued progress.

Deputy Secretary Andrews held successful bilateral meetings with officials from various countries, including the Vietnamese Deputy Minister Tran Quoc Khanh and the Malaysian Minister for International Trade and Industry Mustapa Mohamed. In their conversations, he reiterated the U.S. commitment to the Trans-Pacific Partnership and the benefits that would come out of both countries.

APEC is central to U.S. economic engagement in the Asia-Pacific region, serving as the leading forum for facilitating trade and investment and promoting economic growth in one of the most dynamic regions in the world. The Department of Commerce’s participation in many APEC issues – including business ethics, cross border data privacy, disaster risk reduction, and oceans – reflects its commitment to strengthening collaboration with Asian economies in a range of sectors, and reflects the President’s message of support for existing multi-lateral institutions in Asia.