One-pager on U.S. Commerce Department Assistant Secretary Arun Venkataraman’s Healthcare Mission Thailand

  • U.S. Department of Commerce Assistant Secretary Arun Venkataraman is leading a trade mission of 12 U.S. healthcare companies to Thailand, Malaysia, and Vietnam, September 19-23.
  • In Thailand, the delegation of U.S. businesses will have one-on-one meetings with potential buyers and partners to foster new business relationships that support economic growth in both of our countries.
  • U.S. healthcare firms and manufacturers have a strong reputation for quality, after-sales service, and training support. These businesses are well-versed in working within the U.S. healthcare regulatory environment – one of the world’s most stringent – but also a system where innovative technologies and products receive market clearance on a near daily basis. Based on experience in international markets, U.S. companies are also well-positioned to assist Thailand in fulfilling its own needs.
  • U.S. companies see potential new opportunities in Thailand’s robust medical travel market, as well as projects generated through public and private investment in the Eastern Economic Corridor medical services and wellness travel infrastructure projects.
  • The benefits of U.S. trade and investment with Thailand are significant, resulting in thousands of new jobs, increased revenues, and useful innovations in both markets. As the second-largest economy in ASEAN, Thailand is an important trading partner for the United States. Last year, two-way trade of goods between our countries totaled more than $60 billion.
  • The U.S. government has been pleased to work with its Thai government partners this year while Thailand serves as the APEC host for 2022. The United States will host APEC in 2023, and we look forward to building on some of the critical themes addressed during Thailand’s leadership of APEC this year, including in climate change and the digital economy.
  • The Royal Thai Government recently participated in ministerial-level discussions in Los Angeles to advance the Indo-Pacific Economic Framework for Prosperity. This 21st century economic agreement, which includes Thailand as a partner, will help expand economic opportunity and promote fairness, sustainability, and supply chain resiliency for all participating economies.
  • Attributable to A/S Venkataraman: “This trade mission will open new markets and lead to win-win outcomes for both of our countries as we work to increase our commercial engagement and cooperation.”