The pandemic has severely impacted economies across the Asia Pacific region. It has drastically changed the business environment and the way people do business. Although global FDI flows had begun to bounce back at the end of 2021, they have steadily been on the decline since the first quarter of 2022 due to growing geo-political tensions. As FDI inflows into the ASEAN region were particularly hit during the pandemic, investment promotion agencies (IPAs) have been trying to adapt and find new ways to keep attracting and retaining investment to recover despite the on-going challenges posed by COVID-19. Focusing promotion efforts on boosting intraregional sustainable FDI within in ASEAN holds much promise for enabling economies within the subregion to build back better and more sustainably.
In line with the objective of the RECI to delve deeper into the specific aspects of regional economic cooperation and integration which can help further our common agenda and attain the SDGs as well as find solutions to challenges arising from recent and ongoing crises, this roundtable will explore the value of intraregional investment flows and how to maximise their potential, including through comprehensive strategies for promoting and attracting investment, towards sustained and inclusive recovery and development.
We will discuss intraregional FDI in the context of ASEAN. Intra-ASEAN FDI inflows stood at 29,924.98 (in million USD) in 2021. While lower than previous years, it is still the second highest source of FDI by ASEAN. This proves that it is in a strategic position to push for intraregional FDI, with its existing platform to create investment opportunities.
Please register here: https://forms.office.com/r/EHFA9FxfTz