After a long period of macroeconomic volatility and low interest rates that eroded the economics of many wholesale banks, the inOver the past 5 years Trade flow between ASEAN and the top 3 global economic powers: US – China – EU has risen to 1,116B USD (WTO) proving the rising pivotal role in global trade dynamics of the ASEAN region.
Electronics and machinery are the predominant sectors in trade with ASEAN, reflecting the region’s manufacturing capabilities and demand for industrial goods.
China’s trade with ASEAN has grown the most significantly, driven by initiatives like the Belt and Road Initiative (BRI) and regional trade agreements (RCEP).
The rise in regional trade agreements, such as the Regional Comprehensive Economic Partnership (RCEP), has bolstered intra-Asian trade helps to strengthen regionalization in Asia. The WTO notes that these agreements enhance economic resilience by creating more integrated regional markets in ASIA.
While globalization is not ending but rather slowing down, we are eager to see the high growth of Asia intra-regional trade and infrastructure development in the coming decade.
CCX enables cross-border partnerships and investment with a strong base and focus in ASEAN region. We help FDI partners understand, act and succeed in the region across key sector: Electric Vehicles; Pharmaceutical and healthcare; Technology & innovation industry and more…
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