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    November 2011
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APEC Business Travel Card Legislation Approved

Bipartisan legislation will enhance business travel, investment, and trade opportunities for American citizens in the Asia-Pacific region.

The Asia-Pacific Council of American Chambers of Commerce (APCAC), representing 27 AmChams in 21 economies, expressed appreciation to the U.S. Congress for passing the Asia-Pacific Economic Cooperation Business Travel Cards (ABTC) Act of 2011.

“Passage of this legislation sends a clear message that the United States is committed to bolstering its commercial presence in Asia. Access to business travel cards will significantly enhance business travel, investment, and trade opportunities for U.S. citizens in the rapidly growing economies in the APEC region,” said APCAC Chair Steven R. Okun.

Passage of this legislation prior to the APEC Leaders’ Meeting in Honolulu was a top priority for APCAC.

Currently, business people of 18 APEC economies already use the ABTC, including for entering the United States via special immigration lanes. The just-passed legislation will allow American businesspeople to enjoy reciprocal rights as the legislation enables the Department of Homeland Security to distribute ABTCs to U.S. citizens doing business in the APEC region.

APEC Business Travel CardAPCAC expressed appreciation to Senators Maria Cantwell (D-WA) and Ron Johnson (R-WI) as well as Congressmen Kevin Brady (R-TX) and Rick Larsen (D-WA) for their determined leadership on this issue that will promote U.S. exports into the world’s fastest growing region.

The Asia-Pacific Council of American Chambers of Commerce comprises 27 member AmChams from across the entire Asia Pacific region. APCAC AmChams represent the growing interests of over 50,000 executives and over 10,000 businesses in the region. The APCAC membership manages trade volumes in excess of US $400 billion and direct investments (FDI) of nearly US $300 billion.

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