These visions were proposed by the EU-ASEAN Business Council at the 4th EU-ASEAN Business Summit held in Kuala Lumpur, Malaysia on Sunday.
European companies present at the summit said that they valued ASEAN’s high growth rate, which is forecast to be 5 per cent per annum in the next 5 years. They said that there is room for small and medium-sized European enterprises to enter the market, both as investors and trading partners. In regards to the bloc’s potential to become a leading manufacturing hub for automobiles, the European companies said that policies for this sector should be standardised across all ASEAN member countries.
