The Association of Southeast Asian Nations (ASEAN) was established in 1967 to accelerate cultural development, economic growth and social progress throughout the region. It also aimed to promote regional peace and stability by using laws and principles of the United Nation Charter. Since 1967 it has grown to include ten countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

On the 22 November 2015, these countries came together to sign The ASEAN Economic Community (AEC) Agreement, which aims to create one of the largest single market economies in the world. The AEC works towards four main objectives: the creation of a single market and production base, becoming a competitive economic region, economic development, and integration into the global economy.

ASEAN is a strategic region, where economic growth and development is expected to exceed the global average for the foreseeable future. With a wealth of natural resources, low-cost skilled labour, and ASEAN’s Free Trade Agreement, the region’s great diversity of markets and opportunities are attractive across a full range of sectors including infrastructure, oil and gas, mining, and information and communications technology.

By 2030, ASEAN’s economy is predicted to eclipse Japan’s and be the world’s 4th largest ‘single market’ after the EU, US and China. The Asian Development Bank (ADB) predicts that the size of the middle class in emerging Asia will increase from 24% of the population in 2010 to 65% in 2030. All of this leads to a ‘Community of Opportunities’.

This Webinar

Aimed at businesses who are new to exporting, have some experience or are simply interested in learning more about choosing a new geographical market to grow their business, this webinar is co-presented by Duco Digital. The webinar will be hosted by Darren Winter, Company Director at Duco Digital and the British Chamber of Commerce Philippines.

To register your attendance for this webinar, please click the link below.