Asean more important to EU businesses: survey
EU-Asean Business Council calls for quicker negotiation of EU-Asean free trade agreements
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Singapore
EUROPEAN businesses in South-east Asia see Asean as a dynamic region with plenty of potential upsides in terms of profit growth and business prospects, but non-tariff barriers in the region emerged as the biggest bugbear, according to the 2017 EU-Asean Business Sentiment Survey.
More European businesses - 76 per cent in 2017 versus 66 per cent in 2016 - said a European Union-Asean free trade agreement (FTA) should be pursued now, while 55 per cent of respondents said the lack of such a deal puts European businesses at a disadvantage in the region.
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