Join Invest Northern Ireland's trade mission to the ASEAN (Association of Southeast Asian Nations) region.
This is a multi-sectoral mission where the focus of our support will be on 6 regions where we have an Invest NI appointed Trade Advisor – Singapore, Malaysia, Indonesia, Thailand, Vietnam and Philippines.
ASEAN is an increasingly important economic region which is:
The mission will focus on Singapore and provide flexibility for companies to set their own itinerary and travel to any of the 10 countries in the region where they have clearly identified business opportunities. Travel to Singapore should be scheduled between 20 and 24 March 2017. Approved assistance may be available for up to 4 nights either side of the mission dates.
Singapore is a small, but wealthy city-state with an open and trade driven economy. It is a leading global business hub, located where the major east and west shipping lanes converge. Singapore has a stable government, strong rule of law and effective regulatory system. It is ranked by the World Bank as the easiest place in the world to start, run and do business.
Singapore is a natural starting point and gateway into the region.
After decades of political stability and economic growth Malaysia is one of the fastest growing economies in ASEAN. Liberal market policies aimed at promoting investment, trade, entrepreneurship and economic development have created a dynamic business environment. Malaysia is one of the world’s top locations for offshore manufacturing and service based operations.
Indonesia is a country of big numbers and big opportunity. With 252 million inhabitants it is the world’s fourth most populous country and the largest in the ASEAN region. Indonesia has 18,307 islands, over 742 different languages and a middle class larger than the population of Malaysia or Australia. Currently the 16th largest economy in the world, it is projected to be the seventh largest economy in the world by 2030. Whilst a challenging market future potential cannot be ignored.
Thailand is the second largest economy in the ASEAN region. The UK is one of the leading European Union (EU) investors in Thailand with UK companies operating across the Thai economy. The rewards of doing business in Thailand can be considerable, but it takes time to develop the necessary business relationships.
Thailand is home to over 50,000 British residents.
Vietnam is one of the most vibrant economies in the ASEAN region with a large market for capital goods and a growing domestic market for consumer goods. It has an ambitious programme of major infrastructure developments including new urban railway networks, a new international hub airport and expansion of regional airports. It is developing from a low-cost labour economy to a higher value, high-quality enterprise marketplace.
Vietnam is forecast to be one of the top 10 fastest growing economies in the next few decades.
The Philippines has an estimated 103 million people. It is a consumption driven economy with an expanding middle class who like foreign consumer goods. The economy grew by 5.8% in 2015 following year-end strong performance in the services sector. The forecast for 2016 is 6%, the best growth outlook in ASEAN.
The Philippines has a large English speaking population.
We've found trade missions to be a very efficient and highly cost-effective way of building our sales outside the United Kingdom and Ireland. I’ve travelled with Invest NI missions to Malaysia, Singapore and Vietnam. I know I’ve learned a great deal about business procedures and practices in markets throughout Asia from fellow mission members with experience there.
* Contribution towards airfares and accommodation is for one participant per company only
Companies who have exceeded their De Minimis aid limit will be unable to claim assistance towards travel, accommodation and in-market support for this mission. The maximum De Minimis aid any single recipient can receive is €200,000 (cash grant equivalent) over a 3 year fiscal period.
Our export events include international trade missions, shows and exhibitions specifically designed to help you break into new export markets faster.