AsiaInWorld
Based in Singapore, AsiaInWorld Group provides support to companies looking to expand into the ASEAN region.
Our greatest strengths lie in our rich personal connections, and experience gained through the many successes of the companies that we have supported since our foundation.
Whether domestically or internationally, through professional organizations and consortiums in diverse industries, we offer multifacted support with the strength of connections that only a local company can possess to assist all companies, from those with no previous experience in Asia through to worldwide businesses.
We also provide financing support for companies seeking to expand internationally.
Our greatest strengths lie in our rich personal connections, and experience gained through the many successes of the companies that we have supported since our foundation.
Whether domestically or internationally, through professional organizations and consortiums in diverse industries, we offer multifacted support with the strength of connections that only a local company can possess to assist all companies, from those with no previous experience in Asia through to worldwide businesses.
We also provide financing support for companies seeking to expand internationally.
[ The ASEAN Economic Community Gives Birth to an Economic Mega-Region ]
At the end of 2015, the ASEAN Economic Community (AEC) was established with the aim of creating a single economic zone
among the ten ASEAN member countries: Indonesia, Cambodia, Singapore, Thailand, the Philippines, Brunei, Vietnam,
Malaysia, Myanmar, and Laos.
The AEC framework includes common elements such as “elimination of intra-regional tariffs,” “facilitation of trade,” and “liberalization of investment.” As a result, the movement of organization’s resources has been moved more freely, and it leads to economic revitalization.
The ASEAN countries, with a combined population of 600 million, have shown high economic growth rates.
This community enhances both intra-regional and external exchanges, fostering further growth in tourism and business sectors.
The AEC framework includes common elements such as “elimination of intra-regional tariffs,” “facilitation of trade,” and “liberalization of investment.” As a result, the movement of organization’s resources has been moved more freely, and it leads to economic revitalization.
The ASEAN countries, with a combined population of 600 million, have shown high economic growth rates.
This community enhances both intra-regional and external exchanges, fostering further growth in tourism and business sectors.
[ Singapore is the Heart of ASEAN ]
In recent years, ASEAN has become more attractive not only as a manufacturing hub but also as a market.
One notable example is the establish of the Regional Comprehensive Economic Partnership (RCEP) in East Asia.
RCEP is a free trade agreement involving 15 countries: Japan, China, South Korea, the 10 ASEAN member states countries, Australia, and New Zealand.
The rate of tariff elimination amounts to 91%.
RCEP has created a vast economic zone accounting for approximately 30% of the world’s GDP (around $26 trillion).
The total population (approximately 2.3 billion) and total trade volume (about $6 trillion) also account for roughly 30% of the global figures.
Therefore, for companies expanding into the ASEAN region, Singapore is defitinetly “the country plays a significant role in expanding exsiting businesses” as a pivotal hub of integration for the two major economic zones of the AEC and the EU.
One notable example is the establish of the Regional Comprehensive Economic Partnership (RCEP) in East Asia.
RCEP is a free trade agreement involving 15 countries: Japan, China, South Korea, the 10 ASEAN member states countries, Australia, and New Zealand.
The rate of tariff elimination amounts to 91%.
RCEP has created a vast economic zone accounting for approximately 30% of the world’s GDP (around $26 trillion).
The total population (approximately 2.3 billion) and total trade volume (about $6 trillion) also account for roughly 30% of the global figures.
Therefore, for companies expanding into the ASEAN region, Singapore is defitinetly “the country plays a significant role in expanding exsiting businesses” as a pivotal hub of integration for the two major economic zones of the AEC and the EU.