APEC Is Important Part of Trade Agenda, US Diplomat Says

Summary

Casey Mace, the US senior official to APEC, discusses the importance of APEC as a $1.5 trillion market for US goods and services. He highlights opportunities in digital and AI, and emphasizes that US energy exports (LNG and crude oil) are increasingly sought after by Asia-Pacific partners for reliability. The conversation also touches on recent US-China diplomatic outcomes and the positive momentum ahead of upcoming summits.

• APEC represents a $1.5 trillion market for US exports.
• The US exported over $1 trillion in goods and $500 billion in services to APEC economies last year.
• Digital and AI opportunities are cited as enormous for the US in the region.
• Energy security and promoting US energy exports are key priorities for the administration.
• Partners in the region are committing to buy more American LNG and crude oil.
• Recent US-China meetings were positive, with President Xi agreeing to visit the US.
• The Strait of Hormuz reopening and preventing a nuclear Iran were outcomes discussed.
• The US is the largest LNG exporter and seen as a reliable energy supplier.