Poll Finds Southeast Asia Investment Optimism
According to poll results released Aug. 20 by the American Chamber of Commerce in Singapore and the U.S. Chamber of Commerce U.S., senior executives are optimistic about future U.S. investment in Southeast Asia, with 91 percent of 475 respondents expecting investment and trade to increase in the coming five years. But the respondents expressed concern over regional corruption, burdensome laws and regulations, infrastructure inferiority and customs procedures. Respondents said they expect the Trans-Pacific Partnership (TPP) to provide significant potential for business growth.
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The Association of Southeast Asian Nations (ASEAN) "has the opportunity to position itself at the center of a very exciting evolving regional trade architecture,” said Tami Overby, the U.S. Chamber’s vice president for Asia, in a press release (here). “This survey shows that U.S. companies are thinking regionally, and as ASEAN continues to integrate, U.S. companies will need to increasingly focus on strategies to realize ASEAN’s potential.”