investment-bodies-in-asean-countries
Investment Bodies in ASEAN Countries
November 4, 2016
Support European Businesses South East Asia Markets Malaysia Component SEBSEAM M
Support for European Businesses in South East Asia Markets – Malaysia Component (SEBSEAM-M)
November 4, 2016

Asia-Pacific Economic Cooperation (APEC)

APEC (Asia-Pacific Economic Cooperation) is as the name implies, a forum set up to facilitate better growth between the countries in Asia Pacific. There are currently 21 members in APEC where among its roles is to provide leverage for them to depend on each other in areas like economy and others integration methods.

Association of Southeast Asian Nations (ASEAN)

Established in 1967, ASEAN is the regional organisation established to provide a harmonious market for countries of the region in terms of social integration, economic growth, cultural development and cross-border partnerships, among others. Founding members of ASEAN include Thailand, Philippines, Indonesia, Singapore and Malaysia while others like Brunei, Myanmar, Cambodia, Laos and Vietnam joined later.

ASEAN Supporting Industry Database (ASID)

The ASID is one of the efforts that are put in place to help increase awareness among ASEAN countries on the supporting industries. The database is developed and maintained by members of ASEAN where it functions as a centre to facilitate business translations and to bridge buyers and sellers, among others.

ASEM InfoBoard

ASEM is one of the major boards in the region for economic growth and progress. It is an informal process that involves members from the European Union and European countries as well as those from the Asian region with the ASEAN Secretariat cohesively involved which discusses on issues like politics, economy and culture.

East ASEAN Business Council (EABC)

Established in 2004, the EABC is made up of 3 business leaders from Japan, China and the Republic of Korea, which are members of ASEAN. They are appointed by the Economic Ministers of their respective countries where the EABC is involved and responsible to provide input on economic cooperation and growth of the region.

European Chamber of International Business (ECIB)

The ECIB plays the role of an Imports Promotion agency in the EU. It helps in the development of various sectors for the members of EU where it helps to venture new markets and to help businesses to meet the demand of buyers across the world so that they become more competitive and successful.

Indonesia-Malaysia-Thailand-Growth Triangle (IMT-GT)

This is a cooperation initiative that started in 1993 by Malaysia, Thailand and Indonesia. The IMT-GT plays the role of a sub-regional organisation which is set up to grow and accelerate economic transformation particularly in the provinces that are less developed among the 3 countries that encompasses both the public and private sectors.

Kuala Lumpur Regional Centre for Arbitration

Set up in 1978 under the AALCO or Asian-African Legal Consultative Organisation, KLRCA was established to be the centre to provide an independent and neutral platform for arbitration proceedings for both local and international environments across Asia. Based in Kuala Lumpur, it is the first centre that adopts the UNCITRAL Rules for Arbitration in the world.

South-South Information Gateway (SSIG)

The SSIG is established to provide the forum for South nations to cooperate better and more efficiently. This includes sharing of information and knowledge, broadcast materials as well as to put in place initiatives that can reduce information divide between the member countries through various ways of collaboration and commitment.

World Association of Investment Agencies (WAIPA)

Established in 1995, WAIPA is a non-governmental organisation registered in Geneva, Switzerland. Since it was set up, WAIPA has grown to include 170 members today that comes from about 130 countries worldwide. WAIPA helps to provide avenues for networking and exchange of knowledge among IPAs or Investment Promotion Agencies within its members.