Other Briefings
Norway Enters into Formal Partnership with ASEAN
Norway has become the first European country to enter into a formal partnership with the ASEAN trading bloc. The northern European country has been accepted as a Sectoral Dialogue Partner, a move that was announced at the recent ASEAN meeting in Kuala Lumpur.The ASEAN free trade area includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
The Future of ASEAN-India Trade Looks Bright
Trade between ASEAN and India has seen strong growth over recent years. In 2014, total trade amounted to US$77 billion, a significant increase over the US$44 billion seen during 2009-10. Over the past decade, bilateral trade has increased at an average annual rate of a blistering 23 percent.
UK Prime Minister Cameron’s ASEAN Trip Reflects Growing Trade Links and Opportunities
Last week, David Cameron capped off a five day long tour of South East Asia to discuss trade with the UK. The region, which has outpaced global growth by over two percent over the past two decades, is attractive to UK businesses seeking markets beyond the EU.
State by State: ASEAN and Arizona Trade
Arizona has a near US$2billion export trade business with the ASEAN nations, representing about 6 percent of the state’s total exports. These support some 11,896 American jobs in Arizona. Learn about Arizona’s present and future trade prospects with the Association of Southeast Asian Nations.
Assessing Foreign Investment Prospects in ASEAN Through the Business Optimism Index
In recent years, ASEAN has become a hotbed for foreign investment. In 2014, ASEAN member states combined for over US$2.3 trillion in total GDP. Each ASEAN nation, however, present their own unique advantages and challenges for foreign investment. The ASEAN Business Optimism Index, released each quarter by Dun & Bradstreet, provides in-depth insight into business sentiment for the quarter ahead as measured by sales volume, net profit, selling price, new orders, inventory, and employment across sectors and industries.
Laos-Vietnam Border Trade Agreement Signed
A bilateral border trade agreement between Laos and Vietnam was signed on June 27, 2015 in Vietnam’s Nghe An Province.
State by State: ASEAN and Virginia Trade
ASEAN may not figure highly on the radar for businesses in Virginia, but exports to the South-East Asian bloc represent a one and a half billion dollar trade value, amounting to 5 percent of all Virginian exports. That amount is not to be sniffed at and suggests potential for development.
July 2015 ASEAN Regional Meetings
There are a number of important ASEAN regional meetings taking place in July, including the ASEAN-European Union Senior Officials’ Meeting taking place in Brussels, and the 7th Meeting of the High Level Task Force (HLTF) on ASEAN Community’s Post-2015 Vision taking place in Singapore.
State by State: ASEAN and New York Trade
Trade between New York and ASEAN is a multi-billion dollar business and rapidly increasing, with the ASEAN nations of Indonesia, Malaysia, Philippines & Thailand particularly big markets. Singapore is the hub for shipping to these nations.
Regional Leaders Push for More Financial Integration in ASEAN Ahead of AEC
While the pace of ASEAN trade integration has progressed on schedule, financial integration is still not yet up to par. This is becoming of increasing importance as the ASEAN Economic Community (AEC) nears its January 2016 implementation deadline. Regional leaders, such as Ravi Menon, managing director of the Monetary Authority of Singapore (MAS) have expressed their disappointment at the slow pace of the ongoing integration process.
