BFM Podcast

European Optimism for ASEAN Soars, But Major Concerns Still In Play

Tan KW
Publish date: Mon, 07 Oct 2024, 02:41 PM
European Optimism for ASEAN Soars, But Major Concerns Still In Play

07-Oct-24 12:00

Chris Humphrey, Executive Director, EU-ASEAN Business Council

European companies are increasingly eyeing ASEAN as their next major growth market. In this episode of Enterprise Explores, we dive into EU-ASEAN trade dynamics - what's fueling optimism but also what could hold things back.

With insights from the 10th annual EU-ASEAN Business Sentiment Survey, we speak with Chris Humphrey, Executive Director of the EU-ASEAN Business Council, to unpack why European firms are bullish on ASEAN's economic potential, the barriers to further investment, and the strategic opportunities in the region.

Key Areas of Conversation:

- What's driving European businesses to boost trade and investment in ASEAN.

- The inefficiencies in regional supply chains and how ASEAN can improve infrastructure.

- The impact of the lack of a region-to-region Free Trade Agreement (FTA) between the EU and ASEAN.

- How European firms are navigating challenges like non-tariff barriers and digital economy regulations.

- The role of sustainability, the European Green Deal, and the Carbon Border Adjustment Mechanism (CBAM) in shaping EU-ASEAN relations.

Tune in to discover what's on the horizon for EU-ASEAN business relations and how Southeast Asia is positioning itself as a top destination for European trade and investment.

Image Credit: Shutterstock

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