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Economy and Business > ASEAN, a new regional market open to investments in infrastructures

ASEAN, a new regional market open to investments in infrastructures

Last Wednesday 26th of October the seminar "Asean Day: "The business potential of connectivity in Asean” was held that was organised together with Asean Committee (Association of Southeast Asian Nations) in Madrid, CaixaBank, Foment del Treball, Foro de Marcas Renombradas Españolas and Antonio Viñal & Co. Abogados.

The conference approached the business potential of ASEAN connectivity with the aim to present the business and investment opportunities this region offers. Moreover, it contacted companies and professionals with representatives of the 5 Asean countries with representation in Madrid: Indonesia, Singapore, Malaysia, Thailand and Vietnam, as well as offering economic information on these economies and value information to make business opportunities this market offers Spanish companies profitable.

Southeast Asia is one of the most dynamic regions of the world that has 600 million inhabitants, a growth of 4.5% for this year and an economic potential more and more important, receiving 11% of direct foreign investment. In addition, the 10 countries that make up this association started up last year the ASEAN Economic Community (AEC) to create a unique regional market. 

The creation of this market involves greater economic integration and the start up of ambicious infrastructures to connect by land, sea and air the member states of ASEAn, which is an enormous attraction for investments from European countries. With this purpose, a roadmap called “Master Plan of Asean Connectivity 2025” to connect countries that make up Asean in the next 9 years.

Spain particularly is in a good position to accede to investment projects in this field given the fact that it counts on important companies in the world of infrastructures. Generally, the region offers a stable and integrated political and social environment, sustainable economic growth, incentives for investment, strategic location and a competitive labour market. 

This seminar was opened by Ramón Mª. Moreno, Director General, Casa Asia, Joan Canals, President of the International Commission, Foment del Treball, and the Ambassador of Indonesia, Yuli Mumpuni Widarso, who is also President of the ASEAN Committee in Madrid. They were followed by the presentations of embassies from Malaysia, Thailand, the Philippines and Vietnam. 

At the end of these presentation the roundtable called “Business Opportunities of ASEAN Economic Connectivity” was held and it counted on the participation of José Antonio Travieso, main representative in Singapore, CaixaBank, who didn't only offer a macroeconomic and national perspective, but also on the situation of the commercial relations with Spain and about the sectorial opportunities that are perceived in these markets for our companies from its CaixaBank office.

Den Yealta from Free Trade Zone Authority Tanjungpinang of Indonesia; Darío José Sáez Méndez from the General Management of Analysis Macroeconomic and International Economy (MINECO); Antonio Viñal, Director, Antonio Viñal & Co. Abogados and Noorhazlina Mohamad Nor, from Malaysia Investment Development Authority (MIDA) took part. The session concluded with the cocktail and & One on One Business Meeting.

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