The EU-Asean Business Council, the primary business body for European businesses in Asean, on September 1 published its 8th Business Sentiment Survey during the Council's Trade and Investment Mission to Indonesia.
Key highlights of this year's survey include: 63 percent of respondents see Asean as the region with the best economic opportunity (2021– 63 percent); 69 percent of respondents expect to Asean Markets to become more important in terms of worldwide revenues over the next two years (2021 – 58 percent); Only 6 percent of respondents feel that Asean Economic Integration is progressing fast enough (2021 – 2 percent); 81 percent of respondents believe that non-tariff barriers to trade in Asean are not decreasing (2021 – 97 percent), whilst 23 percent say they are increasing (2021 – 38 percent); Only 9 percent of respondents have faith that Asean can deliver on Circular Economy Concepts whilst less than half think that Asean is serious about meeting its sustainability goals; 97 percent of respondents would like the EU to accelerate FTA negotiations with Asean and its members (2021 – 98 percent); 73 percent of respondents believe that the EU should pursue a region-to-region FTA with Asean now (2021 – 49 percent).
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