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Malaysia's Vision for ASEAN Economic Growth! At the recent 44th ASEAN Summit in Vientiane, Malaysian Prime Minister Anwar Ibrahim unveiled three key strategies to enhance regional economic growth as Malaysia prepares to chair ASEAN in 2025: ↪ Strengthening Regional Value Chains: By improving trade and investment linkages, we can unlock the full potential of Southeast Asia’s economic landscape. ↪ Enhancing Member Fundamentals: A focus on boosting the economic foundations of member countries will create a more resilient and robust ASEAN. ↪ Reinventing Economies: Emphasizing collaboration and leveraging each other’s strengths will help us adapt and thrive in a rapidly changing global environment. As intra-ASEAN trade remains underutilized, these strategies aim to elevate economic cooperation, particularly with the upcoming upgrade of the ASEAN Trade in Goods Agreement (ATIGA) set for 2025. Let's embrace this opportunity for collective growth and innovation! 💡🤝 https://lnkd.in/gkw86NEG #Shivz #ShivzGroup #ASEAN #EconomicGrowth #Malaysia #Trade #Innovation #Collaboration

Indonesia and Singapore Target 50% Completion of ASEAN Digital Economy Agreement by 2024 Both nations aim to achieve 50 percent completion of the ASEAN DEFA negotiations by 2024, with substantial completion targeted for 2025. Launched during Indonesia's ASEAN Chairmanship in 2023, the DEFA is projected to become the world's first comprehensive regional digital economy agreement, potentially increasing ASEAN's digital economy value to $2 trillion by 2030. Additionally, Singapore welcomed Indonesia's desire to join the CPTPP, supporting the inclusion of more ASEAN nations in the trade agreement. https://lnkd.in/gr9JnhNy 

"The investment conditions in Malaysia surpass those of other emerging and developing (E&D) countries in Asia." Milken Institute The Milken Institute's Global Opportunity Index (GOI) 2024 report has been released, revealing Malaysia's overall ranking of 27, which is higher than Thailand (37) and China (39). The GOI ranking is determined by five categories: a) Business Perception b) Economic Fundamentals c) Financial Services d) Institutional Framework e) International Standards and Policy. Malaysia excels in all categories, unlike other (E&D) countries that excel in only one category but struggle in others. The country demonstrates a robust balance of economy and governance. There is an anticipation for Malaysia to enhance its GOI Rank further by improving Business Perception and Economic Fundamentals. You can download the Milken Report from here: https://lnkd.in/g6bnAxxx #Malaysia #Trade #InvestMalaysia #FDI #Asia #Economy #Malaysian

🏆 ASEAN Economic Resilience Revealed: Who's Leading the Pack? Singapore, Malaysia, Indonesia - how do these economies stack up in resilience? Our index unveils the champions of economic adaptation, recovery, and shock resistance. See the full rankings in our ASEAN Economic Resilience Index. #ASEANeconomy #EconomicResilience #EconomicRankings #SoutheastAsia #PolicyInsights

As we reflect on the economic progress of the ASEAN region, we cannot overlook the immense contributions of Datuk Seri Mustapa Mohamed, particularly during his tenure as Malaysia's Minister of International Trade and Industry. His leadership has had a lasting impact on the region's economic integration and global standing. Some of his key achievements include: 🔑 Championing the ASEAN Economic Community (AEC): He played a pivotal role in advancing the AEC, pushing for a single market and production base across ASEAN, benefiting industries, businesses, and people across the region. 🤝 Driving Regional Trade Agreements: Mustapa Mohamed was instrumental in promoting the Regional Comprehensive Economic Partnership (RCEP), which has since become the largest free trade agreement in the world, strengthening economic ties between ASEAN and its key trading partners. 💼 Boosting Foreign Direct Investment (FDI): He consistently advocated for ASEAN as an attractive investment destination, contributing to the region's rapid economic growth by attracting global investors in key industries like manufacturing and services. 🌐 Strengthening ASEAN’s Global Role: Under his leadership, Malaysia pushed ASEAN’s interests in global trade forums, enhancing the region’s bargaining power in negotiations with global economic powers. 🌱 Promoting Inclusive and Sustainable Development: Mustapa Mohamed worked tirelessly to ensure that economic growth within ASEAN was inclusive, narrowing the development gap among member countries and ensuring that all could benefit from the region's prosperity. His leadership has left a lasting legacy, positioning ASEAN as a powerful economic bloc on the world stage. Malaysia’s chairmanship of ASEAN in 2025 presents a golden opportunity to build on the region’s progress and take it into a future of greater integration, sustainability, and global influence. By focusing on unity, economic growth, sustainability, and security, Malaysia can help ASEAN navigate challenges and seize opportunities for regional prosperity and global leadership. We must do more. #ASEAN #Leadership #EconomicIntegration #GlobalTrade #MustapaMohamed #RCEP #AEC #SustainableDevelopment #FDI #EconomicGrowth #Malaysia #ASEANCommunity #wemustdomore

Australia strengthens trade ties with ASEAN through the 2024 ASEAN-Australia Special Summit, opening doors for deeper collaboration and business opportunities. ASEAN's projected rise to be the world's fourth-largest economy by 2040, with a 4% annual GDP growth rate, presents vast potential across sectors. Australian businesses, equipped with expertise and financial resources, are primed to leverage this growth, aided by existing Free Trade Agreements (FTAs) for seamless trade and investment. Join Ines Liu, Head of the Dezan Shira & Associates Australian Desk and Senior Manager, International Business Advisory, as she delves into the investment opportunities and economic advantages awaiting Australian businesses and investors in ASEAN. The webinar will cover the following key topics: 👉 ASEAN-Australia economic partnerships and strategic initiatives to facilitate investment. 👉 Overview of bilateral and regional FTAs and their benefits 👉 Key Sectors included in the Southeast Asia Economic Strategy to 2040 👉 Country-wise Analysis of Vietnam, Indonesia & Singapore, highlighting foreign investment opportunities in these key markets 📌 This webinar is free. Register here: https://ow.ly/8JtS50R0Nev #DezanShira #AustraliaASEAN #BusinessOpportunities #ASEANEconomy #FTA #InvestmentOpportunities #EconomicPartnerships #ForeignInvestment

So well-explained.

European SMEs must seriously consider venturing outside of Europe because the opportunities in emerging markets such as ASEAN are massive and the prospects of them as future markets are robust. But proximity can be quite a hurdle. That's why having a set up in Malaysia is a great strategy to expand the footprint in Southeast Asia. European companies can leverage our supply chain network driven by Malaysian SMEs who naturally understand other SMEs' needs. Productivity is high, cost is manageable, technology is present, skilled talents are ready, we have world-class ports, and also liveability in Malaysia is one of the best. In other words, invest in Malaysia and source for materials from Malaysia so you can export more to the world. Hear more from our Minister of Investment, Trade and Industry in the video.

3 key reasons about investing in Malaysia as your gateway to a market size of 680 million population.

Get the basics right, be open open-minded, apply the right principles and watch the flowers of the economy bloom. By familiarizing with The Smart Decision Toolkit (https://bit.ly/4hMYJZ7), you can also find yourself making the right decision like Minister Tengku Zafrul Aziz