The Ambassador of the United States of America (US) to Brunei Darussalam, H. E. Craig Allen, on August 20 hosted a luncheon at his residence for representatives of more than two dozen US or US-linked companies doing business in Brunei Darussalam.
Craig Allen spoke to the private sector representatives about the potential implications of the Trans-Pacific Partnership (TPP) trade agreement on the robust Brunei-US trade relationship.
Attended by numerous members of Brunei’s business community, the event provided an opportunity for the ambassador to discuss TPP with individuals in Brunei who, like all business-owners in Brunei, may be able to benefit significantly from the increased opportunities for trade that the agreement will bring.
During the event, H. E. Craig Allen said, “I have 30 years of experience at the US Department of Commerce working on trade and trade policy issues, largely in Asia. I am happy to say that TPP is the biggest new development in the global trade policy world for many, many years. Once implemented and over the long term, I believe that TPP will help Brunei to realise His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam’s vision of a stronger and more diversified economy, with greater international investment.”
The Trans-Pacific Partnership, which was begun by Brunei, New Zealand, Chile and Singapore, is a high-standard, comprehensive, and ambitious agreement that would set new rules for trade in the Asia-Pacific region.
Its passage will pave the way for increased trade and investment that will drive job creation, economic growth, and development in Brunei and the United States and throughout the region.