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ASEAN - UKABC UK - ASEAN -MerchantryCouncil Events BACKEvents Upcoming events Past Events Research BACKResearch Publications Success stories Opportunities BACKOpportunities Export opportunitiesUpperValue Campaigns News BACKNews Latest News News Sources Markets BACKMarkets ASEAN   Brunei Myanmar Cambodia Singapore Indonesia Thailand Laos The Philippines Malaysia VietnamWell-nighBACKAbout What We Do The Team Board of directors Our partners Contact Us Search Login | Register Username Password Remember Me register For full wangle register today for self-ruling Home | Markets | ASEAN ASEAN The Association of Southeast Asian Nations (ASEAN) was established in 1967 to slide cultural development, economic growth and social progress throughout the region. It moreover aimed to promote regional peace and stability by using laws and principles of the United Nation Charter. Since 1967 it has grown to include ten countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. On the 22 November 2015, these countries came together to sign The ASEAN Economic Community (AEC) Agreement, which aims to create one of the largest single market economies in the world. The AEC works towards four main objectives: the megacosm of a single market and production base, rhadamanthine a competitive economic region, economic development, and integration into the global economy. ABOUT ASEAN Secretary General: Le Luong Minh Total population: 608 Million Largest country: Indonesia Smallest country: Singapore Top ASEAN exporter 2015: Singapore Fastest growing ASEAN exporter: Myanmar Combined FDI Investment to ASEAN: $136.2 billion ASEAN is a strategic region, where economic growth and minutiae is expected to exceed the global stereotype for the foreseeable future. With a wealth of natural resources, low-cost skilled labour, and ASEAN’sSelf-rulingTrade Agreement, the region’s unconfined diversity of markets and opportunities are lulu wideness a full range of sectors including infrastructure, oil and gas, mining, and information and communications technology. The global economic downturn has not had the same effect on ASEAN as on Europe and the West. Steady growth combined with investor-friendly government policies have attracted businesses keen to explore the vibrant new domestic markets that are emerging in ASEAN countries. The needs and demands of ASEAN countries are incredibly diverse;  for example, Myanmar and Cambodia are among the world’s 35 low-income countries, as classified by the World Bank, while Singapore is the third-richest country in the world measured by GDP per capita. However, rapid GDP growth does not in itself guarantee a sharp rise in upper net worth individuals, but rapidly growing economies do provide spanking-new opportunities for large scale wealth creation. ASEAN currently attracts increasingly foreign inward investment than China and will be the third fastest growing region without India and China. Therefore, entrepreneurs in ASEAN are seizing the opportunity. Southeast Asia’s economic dynamism is substantially enhancing the ownership power of a growing middle matriculation that is driving new consumer demands for luxury products. By 2030, ASEAN’s economy is predicted to eclipse Japan’s and be world’s 4th largest ‘single market’ without the EU, US and China. The AsianMinutiaeBank (ADB) predicts that the size of the middle matriculation in emerging Asia will increase from 24% of the population in 2010 to 65% in 2030. All of this leads to a ‘Community of Opportunities’. It is important to remember that ASEAN is comprised of ten self-sustaining countries. There are diverse socio-cultural differences as well as variegated legal and regulatory environments. An increasing number of businesses are looking to do merchantry with ASEAN as well as to set up offices there; it is vital for them to understand those differences to ensure merchantry runs smoothly. ReadIncreasinglyUseful Links: ASEAN Secretariat Share this Market: MARKETS Brunei Cambodia Indonesia Laos Malaysia Myanmar Singapore Thailand The Philippines Vietnam ASEAN events Britain In South East Asia (BiSEA) UK Roadshow ASEAN Mon, 15 Oct. 2018 Cathay Pacific Routes to Growth Conference 2018 ASEAN Wed, 17 Oct. 2018 The Women of the Future Awards 2018 ASEAN Wed, 14 Nov. 2018 MLE Connect 2018 ASEAN Fri, 12 Oct. 2018 Manchester, UK VIEW ALL EVENTS ASEAN publications ASEAN Export Strategy: Supporting and Connecting Businesses to Grow on the World Stage Thu, 6 Sep. 2018 One of my first deportment as Prime Minister was to develop a modern Industrial Strategy, to help businesses create better, […] ASEAN The Future of ASEAN – Time to Act Mon, 20 Aug. 2018 Executive Summary The year 2017 marked the 50th year-end of ASEAN, (the Association of Southeast Asian Nations), which is a […] ASEAN Investing in ASEAN 2018-19 Fri, 27 Apr. 2018 The World Bank has stated that for 2018 “the economic outlook for the region remains positive and will goody from […] ASEAN AsianMinutiaeOutlook 2018: How Technology Affects Jobs Thu, 12 Apr. 2018 The AsianMinutiaeBank has published its yearly AsianMinutiaeOutlook report, and withal with it, forecasts for the various […] VIEW ALL PUBLICATIONS ASEAN SUCCESS Stories ASEAN Coltraco Ultrasonics Wed, 11 Apr. 2018 Carl Stephen Patrick Hunter, CEO and Managing Director of Coltraco Ultrasonics, spoke to us well-nigh the company’s 25 years of […] ASEAN Pingu’s English Fri, 9 Mar. 2018 Sarah McAllister, Head of Marketing (New Business) for Linguaphone Group, told us well-nigh Pingu’s English language programme’s recent expansion into Cambodia, […] ASEAN Statiflo Tue, 16 Jan. 2018 Statiflo’s Technical Sales Manager Paul Buck talks well-nigh their wits gradually expanding from Singapore and Malaysia into eight of the […] ASEAN What to Expect from a Trade Mission Mon, 9 Oct. 2017 The Creative and Digital Trade Mission to Singapore on 20-23 September saw several small UK companies get their first taste […] VIEW ALL SUCCESS STORIES MARKETS Brunei Cambodia Indonesia Laos Malaysia Myanmar Singapore Thailand The Philippines Vietnam STRATEGIC PARTNER OUR PARTNERS FOLLOW US CONTACT US Tel: +44 (0)20 7828 3431 Email: info@ukabc.org.uk UK - ASEAN -MerchantryCouncil Privacy Policy Cookies Set up Cookies © 2018 UK-ASEANMerchantryCouncil - UKABC. 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