Asean’s investment and trade landscape presents a wealth of opportunities for businesses looking to increase interactions on a business-to-business level.
Highlighting the interconnected nature of the Asean community, he stated that when an investment enters one member country, it creates a ripple of opportunities for businesses throughout the region. The bloc stated that its biggest success in recent years has been promoting economic integration among members. It also helped negotiate the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement.
Tengku Zafrul said Asean countries compete within the bloc but emphasised that it goes beyond mere competition. Malaysia and Singapore, for instance, have experienced substantial investment flows between them.