NEW YORK – March 25, 2011 – Bryan Cave International Trade LLC today announced the creation of the Advisory Council of Bryan Cave International Trade LLC, with Mr. Teng Theng Dar as its first member.
The Advisory Council comprises individuals with niche backgrounds in international trade and business, both in the public and private sectors. The Advisory Council will provide an external perspective on strategic developments and growth trends in the Asia Pacific and beyond that will support the company’s objective of being the consultant of choice on cross-border supply chain, operational and regulatory consulting solutions. Additional members to the Advisory Council will be announced separately over the next few months.
Mr. Teng has more than 30 years of management experience across a wide range of industries in Asia, Australia and the Middle East. He is one of Singapore’s representatives to the APEC Business Advisory Council (ABAC) and also serves as Singapore’s Non-Resident Ambassador to the Sultanate of Oman.
In his capacity as the former CEO of the Singapore Business Federation and as an ABAC member, Mr. Teng has emphasized the need for a fair and free trading environment beneficial to both MNCs and SMEs. In his role in ABAC, he has been involved with the Trans-Pacific Strategic Economic Partnership Agreement (TPP), which is a free trade agreement that is closely watched by all quarters given its potential to become a stepping stone for an eventual free trade area that spans both sides of the Pacific, linking Asia with the Americas.
“With the TPP negotiations entering its 6th round in Singapore from 28 March – 1 April, we are hopeful that the TPP, once concluded, will bring about effective change to how free trade agreements are negotiated, by being both ‘comprehensive’ and ‘pristine’,” said Cecil Leong, CEO of Bryan Cave International Trade. “Our clients have to deal with ever-changing economic landscapes and unfortunately, there is not always transparency in laws and regulations related to cross-border trade and regulations. We are now witnessing firsthand how unforeseeable events like the tsunami in Japan, can adversely impact an MNC’s global supply chain due to a concentration of vital manufacturing within a single jurisdiction or locale. With more free trade agreements coming online, MNCs and SMEs alike have to react quickly to deal with rationalization in manufacturing footprint, distribution, sourcing, compliance and risk management, and more often than not, all at the same time. Theng Dar’s wealth of experience gives us invaluable insight.”
Mr. Teng joins the Advisory Council beginning March 25, 2011.
For more information, please contact:
Ms. Dewi Kumalasari at +65 6403 6389 or [email protected]
Meghan Newton, Goodman Media International, Inc. for Bryan Cave LLP
(212) 576-2700 ext. 245 or [email protected]
BCIT provides strategic cross-border supply chain, operational and regulatory consulting solutions. We provide clients with the advice they need to anticipate, react to, and benefit from the diverse and constantly evolving regulatory landscape of the global business environment. Whether our clients are planning access into a specific market; exploring options for locating various business functions; adopting a proactive approach towards ensuring compliance with export controls, Customs and regulatory requirements; seeking to defend and resolve a matter with the authorities; looking capitalize on cost-savings opportunities under free trade agreements; or designing effective countermeasures against illicit trade, BCIT is dedicated to assisting clients achieve their goals.
Bryan Cave International Trade operates in Bangkok, Beijing, Jakarta, Kuala Lumpur, Manila, Shanghai, Singapore and Tokyo, and covers Australia, Cambodia, India, Korea, New Zealand, Taiwan, Vietnam, and a total of 17 markets in the region. We are well positioned to provide comprehensive advisory services to clients, including greenfield studies, strategic business advice, supply chain and risk management, regulatory compliance (customs, import/export requirements, licensing, export control, etc.), market and regulatory intelligence, tax and transfer pricing (direct and indirect tax), WTO and FTA advice, and intellectual property enforcement and anti-illicit trade programs.
Bryan Cave LLP (www.bryancave.com) has a diversified international legal practice. The firm represents a wide variety of business, financial, institutional and individual clients, including publicly held multinational corporations, large and mid-sized privately held companies, partnerships and emerging companies. Subsidiaries Bryan Cave International Trade and Bryan Cave Strategies provide trade and customs consultancy and government relations and strategic counsel, respectively. Aided by extensive investments in technology, Bryan Cave’s more than 1,000 lawyers and other professionals in 25 offices across the United States, the United Kingdom, Continental Europe and Asia efficiently serve clients’ needs in the world’s key business and financial markets.