Asean well-positioned to be ‘growth nucleus’ in Asia: EY

SINGAPORE (May 4): Over 80% of businesses in Australia, Europe and the US are expecting trade and investment with the Asean region to increase over next five years, according to a new report by EY.

Entitled EY Rediscover Asean: A growth story of 10 countries, the report also reveals that bilateral trade between Chinese companies and Asean is projected to hit US$1 trillion ($1.4 trillion) by 2020, with Asean-based infrastructure investments to reach US$110 billion per annum until 2025.

Asean’s relatively stable economies underpin such global investor interest, explains EY in a press release in Thursday.

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