At the World Economic Forum in Jakarta, Mustapa Mohamed, Malaysia’s international trade and industry minister, announced that the Association of South East Asian Nations (Asean) is predicted to grow 5 per cent a year over the next decade. Click here to read more.
Asean links 10 nations – including Cambodia, Indonesia, Malaysia, Singapore, Thailand and Vietnam – which have a combined GDP exceeding £1.6 trillion.
Plans are also underway for Asean’s economies to link into the Asean Economic Community (AEC) later this year. This single market, with free flow of goods, services and labour, would form the world’s seventh largest economy.