The fourth ASEAN-EU Business Summit was held in Kuala Lumpur, Malaysia, on August 23, bringing together over 250 business leaders, policy makers and scholars from the two sides.
The 4th ASEAN-EU Business Summit logo (Photo:eurochamvn)
The fourth ASEAN-EU Business Summit was held in Kuala Lumpur, Malaysia, on August 23, bringing together over 250 business leaders, policy makers and scholars from the two sides.
Speaking at the event, Chairman of the ASEAN-EU Business Council Francois Guibert said ASEAN is an attractive business and investment destination as gross domestic product (GDP) is forecasted to continue increasing above five percent in the next five years.
Besides, the official formation of the ASEAN Economic Community (AEC) later this year shows the region’s efforts in striving to play an important role in the globe’s economy, he added
Bilateral trade and investment as well as financial integration, trade barrier elimination issues among others were discussed at the event
The EU, the world’s biggest economy, is ASEAN’s largest foreign direct investment (FDI) source, with 21.3 percent of the grouping’s total 29.1 billion USD in FDI in 2014.
The EU is also ASEAN’s second leading trade partner, after China, with bilateral trade reaching 248.2 billion USD or 10 percent of the total ASEAN’s trade turnover.
Delegates at the event also proposed to resume the ASEAN-EU free trade agreement by the end of 2015.
The ASEAN-EU Business Summit is the most important annual event between ASEAN and the EU, aiming to intensify trade and investment relations between the two regions.-VNA
On March 8, senior economic officials from the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) met to prepare for the 12th ASEAN Economic Ministers and EU Trade Commissioner consultations and the upcoming 3rd ASEAN-EU Business Summit on March 9 in Hanoi.
The results of the 19th ASEAN Economic Ministers’ Retreat, the 12th AEM -EU Consultations and the third ASEAN-EU Business Summit were announced at a press conference in Hanoi on March 9.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
The new halal cooperation arrangement will streamline halal certification and product assurance processes, making it easier for New Zealand exporters to access the Indonesian market.
VAMAF President Datuk Shaharuddin Omar shared the plan at the association’s 103rd anniversary ceremony, noting support from the Vietnam Veterans Association. The initiative is expected to open new markets for Malaysian Halal products and improve livelihoods for its members.
The 4th ASEAN-EU Business Summit logo (Photo:eurochamvn)
