EU - ASEAN Business Council launches business sentiment survey 2015.
EU-ASEAN BUSINESS COUNCIL LAUNCHES BUSINESS SENTIMENT SURVEY 2015
EUROPEAN BUSINESSES HAVE A VERY POSITIVE OUTLOOK FOR THEIR
OPERATIONS AND TRADE IN ASEAN
The EU-ASEAN Business Council has today launched the first EU-ASEAN Business Sentiment Survey, confirming the status of ASEAN as an important source of growth for European businesses. The purpose of the survey is to gauge how European businesses view ASEAN, both in terms of economic and trade potential and in terms of political developments, such as ASEAN’s regional integration project. The findings come at an important time for ASEAN as the launch of the ASEAN Economic Community fast approaches. The survey of European businesses operating in ASEAN found that:
•For the vast majority of European businesses -71% - ASEAN has become more important over the last two years in terms of worldwide revenues;
•70% of the respondents foresee an increase in profits in ASEAN;
•80% of the respondents indicated that over the next 5 years, they expect trade and
investment with the region to increase;
•Looking ahead to the AEC 58% of respondents indicated that further economic integration
within ASEAN is important to the success of their business.
Commenting on the launch of the EU-ASEAN Business Sentiment Survey, EU-ASEAN Business Council Chairman Mr François Guibert said:
“This is the first EU-ASEAN Business Sentiment Survey and comes at a time when the commercial relationship between ASEAN and Europe could not be stronger. The latest statistics show that Europe is the largest investor in ASEAN, and is the region’s second largest trading partner. The sentiment survey shows that this commercial relationship will become even more important. Over 71% of businesses acknowledge that ASEAN has become a more important source of global revenues and 70% expect their ASEAN profits to increase in the future. This survey is proof that ASEAN is and will remain one of the most important global drivers of commercial activity”.
Commenting on the launch of the EU-ASEAN Business Sentiment Survey, EU-ASEAN Business Council Executive Director Mr Chris Humphrey said: “The survey is launched at an important time for ASEAN as it approaches the launch of the ASEAN Economic Community. Regional integration in ASEAN is a major commercial opportunity for businesses, and a majority of European enterprises believe that further economic integration within ASEAN will be important to the success of their business.
The survey also found that 70% of European companies plan to expand and grow their operations in ASEAN’’.
to get the EU-ASEAN Business Sentiment Survey 2015 by The EU-ASEAN Business Council, click here.