HONG KONG, May 26 (Bernama-BUSINESS WIRE) — Following last year’s relatively subdued global economic rebound, the economies of Association of Southeast Asian Nations (ASEAN) are well positioned for growth and foreign direct investment (FDI) in 2022 and beyond, according to Tricor Group’s ASEAN in Focus: Economic Outlook, Insights & Business Opportunities, a compilation of business insights to guide multinational companies (MNCs), SMEs and entrepreneurs interested in establishing, operating and scaling business growth across ASEAN.
The report offers perspectives, observations and analysis from senior Tricor executives on how global trade trends are impacting trade, investment and global market expansion in the economies of ASEAN. The report contains a special section on the landmark signing of the Regional Comprehensive Economic Partnership (RCEP). Connecting 15 countries and covering 30% of the world’s population as part of the largest trading bloc globally, the RCEP is expected to reduce tariffs on between 90% and 93% of cross-border tariff lines. The report also contains an overview of each ASEAN market, with dedicated sections for business incorporation, tax considerations and the labor environment.