European businesses admitted that their confidence in the ASEAN region had melted down following US tariffs, according to a survey.
Former US vice-president sees China taking a bigger role in climate governance
As the US scrutinises structural excess capacity across economies, ASEAN must distinguish legitimate export-oriented production from state-supported overcapacity, while ensuring that more technology, value added and income from its exports remain within the region, notes Japanese academic Sukegawa Seiya.
As the European Union and ASEAN prepare to mark 50 years of dialogue relations in 2027, cooperation in critical technologies is expected to provide a new avenue for bolstering the partnership, an Asian affairs expert says.
Malaysia ranks joint third with Thailand among ASEAN markets targeted for expansion by European businesses, with 49 per cent of respondents planning to expand their operations or investments in the country over the next five years.
Indonesian President Prabowo Subianto pitched his country as Russia’s gateway to South-east Asia on Sept 3, saying the Pacific should become a “highway between our two economies” as he pushed for closer trade, investment and transport links.
It aims to help countries standardise their approaches for tracking and accounting of RECs.
Viet Nam has emerged as the most attractive destination in ASEAN for European businesses planning expansion, with nearly two thirds of surveyed firms intending to expand operations in the country over the next five years, according to the EU-ASEAN Business Council’s 12th Business Sentiment Survey released recently.