Date: March 2018
By: EU - ASEAN Business Council
The global trading and investment climate has become more competitive. Global trade in goods grew by only 1.6% in 2016 according to the WTO, and ASEAN’s trade with the World actually dipping slightly in 2016.
FDI to ASEAN has also declined, falling by 20% in 2016: the second consecutive year that it has fallen. If it were not for a 46% increase in FDI from the EU to ASEAN, that overall picture would have been worse. EU FDI to ASEAN again outstripped that of the United States and Japan combined.
The EU remains as ASEAN’s second largest trading partner (and ASEAN the EU’s third largest trading outside of Europe). Given this, the EU-ASEAN trade and investment relationship should be of paramount importance to both sides, and the views of European industry on how to expand and improve the relationship should remain of keen interest to policy makers both in ASEAN and in Brussels.
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