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ASEAN market overview
From the strategic port and service centre of Singapore to the manufacturing hubs of Thailand and Vietnam, the Association of Southeast Asian Nations (ASEAN) region is one of the world’s exciting regions. And with its mounting domestic demand and young population, it will continue to one of the fastest growing.
ASEAN member countries Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines, Cambodia, Laos, Brunei and Myanmar.
ASEAN’s Blueprint 2025 commits the region to embracing innovation, digital and green technologies and eBusiness platforms, as well as supporting ongoing social and tourism development.
Queensland and ASEAN
Queensland enjoys a strong export and two-way trading relationship with ASEAN – Vietnam is our fifth largest goods export market – which is unsurprising given our proximity and close cultural ties.
Investment is also strong, with Singapore, especially, being one Australia’s largest sources of direct foreign investment.
The ASEAN–Australia–New Zealand (AANZFTA) entered into force on 1 January 2010 for eight countries: Australia, New Zealand, Brunei, Burma, Malaysia, the Philippines, Singapore and Vietnam. It delivers extensive tariff reduction and greater certainty for Queensland services suppliers. Other agreements supporting Queensland business looking to expand to the region are:
- Malaysia-Australia (MAFTA) – 1 January 2013
- Thailand-Australia (TAFTA) – 1 January 2005
- Singapore-Australia (SAFTA) – 28 July 2003
ASEAN opportunities
- Food and agribusiness
- Resources
- Mining and METS
- Water management services
- Healthcare
- Education and training
- Processed food products
- Consumer goods
- Aviation and aerospace
- ICT and digital services
- Transport infrastructure
Resources
- Austrade, Market Profile – Singapore
- Austrade, Market Profile – Vietnam
- Austrade, Market Profile – Thailand
- Austrade, Market Profile – Laos
- Austrade, Market Profile – Philippines
- Austrade, Market Profile – Brunei
- Austrade, Market Profile – Malaysia
- Austrade, Market Information Package for Australian education institutions
- DFAT, Country information – Singapore
- DFAT, Country information – Thailand
- DFAT, Country information – Laos
- DFAT, Country information – Philippines
- DFAT, Country information – Brunei
- DFAT, Country information – Malaysia
- DFAT, Country information – Vietnam
- DFAT, ASEAN–Australia–New Zealand (AANZFTA)
- DFAT, Malaysia–Australia (MAFTA) – 1 January 2013
- DFAT, Thailand–Australia (TAFTA)
- DFAT, Singapore–Australia (SAFTA)
- DFAT, Association of Southeast Asian Nations (ASEAN)