ASEAN Launches the ASEAN Investment Report 2024

ADMIN ADMIN

Vientiane, 9 October 2024 – Today, the “ASEAN Investment Report (AIR) 2024: ASEAN Economic Community 2025 and Foreign Direct Investment” was launched during the ASEAN Business and Investment Summit 2024.

The AIR is an annual ASEAN publication analysing investment trends and other related issues in the region. This year’s report provides a special focus on evolution of ASEAN FDI performance and policy environment during the implementation of ASEAN Economic Community 2025 Blueprint. The report reveals that robust FDI growth has significantly contributed to industrialisation, integration, technology upgrade, and social inclusion in the region. Businesses have benefited from reduced trade tariffs and more open market access provided by the various ASEAN agreements and national measures.

To maintain FDI performance and to effectively navigate the post-2025 road ahead, the report highlighted the need for ASEAN to continue removing barriers to investment, strengthen intra-regional investment, and enhance regional production networks or supply chain development, such as through promoting closer cooperation between Special Economic Zones (SEZs) and supporting regionalisation of Micro, Small and Medium Enterprises (MSMEs).

This Report has been prepared under a technical cooperation agreement between the ASEAN Secretariat and the United Nations Trade and Development (UNCTAD), with inputs from members of the ASEAN Coordinating Committee on Investment and support from the Government of Australia through the Australia4ASEAN Futures Programme.

The report can be downloaded here.