Business leaders from the European Union and ASEAN member states yesterday discussed the future of mutual trade and investment as crisis continues to threaten Europe and economic integration challenges the 10 Southeast Asian states. 

“The most important thing is to make sure the EU will remain one of ASEAN’s major markets and investors,” EU ambassador to Cambodia Jean-François Cautain told the Post at the ASEAN-EU Business Summit in Phnom Penh yesterday.

The European Union was the biggest investor in ASEAN and its second-biggest trading partner in 2010, with US$10.2 trillion in bilateral trade, or about 10 per cent of all ASEAN trade. Bilateral investment was about $347 billion in 2010.Tone for tradeEurope’s economic downturn poses a threat to the two regions’ business relationship, and ASEAN’s attempt to bring law, tax and trade regulations into harmony by 2015 would ease transactions on a number of levels should crisis restrict trade, Cautain said.Business accommodations presented to ASEAN ministers today by visiting European companies would set the tone for trade between the two geopolitical and economic organisations this year, he said

 

Original article:
EU investors court Southeast Asia

About the author

1 comment
  1. Greetings from Cambodia1
    Yes, I would like to look for any business people who wants to open a business in Cambodia i.e. hotels, restaurants, guest house, construction, agriculture, rubber plantation etc..

    Also, there is huge land with concession contract from the government of Cambodia, which is Rubber Plant having 3,000 hectares of land for business. The rubbers already aged from 3-10 years old with. You can take over the business within 75 years of contract from the Government of Cambodia. There are many more investments opportunities in this field. We can find the right business for you.

    I knew some of the existing places where to invest and will earn in a long term profits. Please contact me urgently and I am ready to provide you the details upon immediate request. My contact email is: [email protected]
    Tel: +855 92 400 998/ +855 15 811 445

    Thank you and I look to hearing from you shortly.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Russian Invasion to Shrink Ukraine Economy by 45 Percent

The war is also hitting hard the emerging and developing economies of Europe and Central Asia, a region that was already heading for an economic slowdown this year from the ongoing effects of the pandemic

Thailand’s Digital Health Pass Now Accepted in EU

Thailand is the second country in the ASEAN region to adopt this common standard for digital certification. Travelers are, however, encouraged to check with their destination countries prior to travel.

Thailand to speed up FTA negotiations with EU

The negotiations towards a Free Trade Agreement with Thailand were originally launched in October 2005. Two rounds of negotiations have been held between 2005 and 2006. The negotiations were on hold from 2006 to 2022.