United States companies are engaged in the $8 billion construction of three Australian navy destroyers. (5) Trade Agreement. Opening previously closed Southeast Asian nations for private investment from United States companies and backing a multicounty trade agreement apparently designed to counter China’s regional economic dominance. (6) Lifting of Trade Sanctions with Myanmar. President Barack Obama authorized U.S. companies to invest in Myanmar for the first time since 1997, and also authorize imports of most goods from Myanmar. Later on framework agreement covering trade and investment has also been formulated eliminating all punitive restrictions except for an arms embargo. (7) Free-Trade Pact with ASEAN Countries. United States-Singapore Free Trade Agreement has been in force since January 1, 2004. U.S. two way goods trade totalled $37 billion in 209, up 17 percent from 2003 (the year before the FTA’s entry into force). U.S. goods exports were $21.6 billion, up 31 percent from 2003, and U.S. goods imports were $15.4 billion, up 2 percent from …show more content…
S. Ameer Latif, “Indian and the New U.S. Defense Strategy.” Center for Strategic and International Studies Publication. February 2013 http://csis.org/publication 7. Rakhmani Gupta, “Reading the Tea Leaves of China’s New Defence Strategy.” Real Clear World Article. April 2013 http://www.realclearworld.com/articles 8. Siva Govindasamy, “Aero India:Naval helicopter request for proposals expected around mid-2009” Flight Global Article. January 2009 http://www.flightglobal.com/news/articles
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[ 2 ]. Lieutenant General (Retired) James M. Dubik, Asia-Pacific First: What Does This Actually Mean; http://www.ausa.org/publications/FC_Dubik_0212.pdf
[ 3 ]. Linda D. Kozaryn, Asia-Pacific Region Vital to U.S. Security; http://www.defense.gov/News/NewsArticle.aspx
[ 4 ]. Kurt M. Cambell, Nirav Patel, Vikran J. Singh, The Power of Balance: America in iAsia; http://www.mercury.ethz.ch/Files/2008-06_CampbellPatelSingh_iAsia
[ 5 ]. Ben Blancherd, China points finger at U.S. over Asia-Pacific tensions;