Japanese businesses study investment opportunities in ASEAN
ASEAN Secretary General Le Luong Minh has called on Japanese businessmen to study possible investments in infrastructure across telecommunications, transportation, electricity, water supply, and environmental sanitation, to facilitate broader ASEAN connectivity.
Capital for those construction projects is estimated at US$60 billion per year between now and 2020, Secretary General Minh told his guests, who were executives from 20 big Japanese companies.
The executive visited Jakarta, Indonesia, from April 7-9 with interests in ASEAN’s free trade agreements with other regional partners, the bloc’s connectivity scheme and its post-2015 visions.
Minh said an ASEAN Economic Community that is ultimately shaped by the end of this year will provide a potential market of 3.3 billion people and a goods flow accounting for one-third of the global value.
Trade between Japan and ASEAN rose to US$240 billion in 2013 from US$100 billion in 2003, which made up about 10% of the bloc’s trade value.
Japanese investment poured into the bloc increased tenfold to US$23 billion during 2003-2013, or 19% of the total foreign direct investment into ASEAN.
The executive visited Jakarta, Indonesia, from April 7-9 with interests in ASEAN’s free trade agreements with other regional partners, the bloc’s connectivity scheme and its post-2015 visions.
Minh said an ASEAN Economic Community that is ultimately shaped by the end of this year will provide a potential market of 3.3 billion people and a goods flow accounting for one-third of the global value.
Trade between Japan and ASEAN rose to US$240 billion in 2013 from US$100 billion in 2003, which made up about 10% of the bloc’s trade value.
Japanese investment poured into the bloc increased tenfold to US$23 billion during 2003-2013, or 19% of the total foreign direct investment into ASEAN.