East-West Commercial Collaborations
The ASEAN Institute is committed to Improving the ease of doing business with, and attracting American and European companies and fostering closer trade relations between ASEAN and the United States. We work with public and private sector stakeholders to facilitate the following outcomes:
Streamlining regulations
Streamlining regulations that reduce the administrative burden and costs faced by Western companies operating in ASEAN. This can be achieved through measures such as reducing the number of required permits and licenses, simplifying procedures, and reducing processing times.
Enhancing digital connectivity
Enhancing digital connectivity by Investing in digital infrastructure and promoting the adoption of digital technologies help improve the ease of doing business in ASEAN. This includes improving access to high-speed internet, promoting the use of electronic payment systems, and developing e-government services.
Improving access to finance
Improving access to finance assists American companies operate more effectively in ASEAN. This can be achieved through measures such as providing tax incentives for investment, offering financing options for small and medium-sized enterprises (SMEs), and promoting the development of local capital markets.
Streamlining customs procedures
Streamlining customs procedures and improving the efficiency of trade facilitation help reduce the time and costs associated with trade for American companies operating in ASEAN. This can be achieved through measures such as implementing single-window systems, harmonizing customs procedures, and reducing documentation requirements.
Investing in human capital development
Investing in human capital development help improve the skills and productivity of the workforce in ASEAN. This can be achieved through measures such as providing education and training programs, promoting the development of vocational skills, and attracting foreign investment in the education sector.
Promoting transparency
Promoting transparency in government procurement and regulations helps improve the ease of doing business in ASEAN. This can be achieved through measures such as publishing procurement rules and procedures, implementing e-government systems, and improving the transparency of regulations.
Investing in infrastructure
Investing in infrastructure help improve the ease of doing business in ASEAN. This includes measures such as building highways, airports, and ports, as well as investing in energy and water systems.