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30 September 2022, 11:15 - 12:15 Indochina Time / Bangkok | Open meeting

SIDE EVENT: Promoting Intra-regional FDI in ASEAN 

Third Ministerial Conference on Regional Economic Cooperation and Integration in Asia and the Pacific, Bangkok and online, 28–30 September 2022



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.


RECI | Side event : Promoting Intra-regional FDI in ASEAN

Sep 30, 2022 11:00 Bangkok

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Meeting ID: 962 6747 0580

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30 Sep 2022
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MC: Ms. Madelyn Almazora, Regional Adviser, Sub-Regional Office for South-East Asia, ESCAP

Opening Remarks:

  • H.E. Dato Lim Jock Hoi, Secretary General of ASEAN
  • Ms. Armida Salsiah Alisjahbana, Executive Secretary, ESCAP

ESCAP will present its recent technical assistance work on comprehensive investment attraction and promotion strategies, and how it can be valuable in the context of promoting intraregional ASEAN FDI.

Speaker: Ms. Heather Taylor-Strauss, Economic Affairs Officer, Trade, Investment and Innovation Division, ESCAP


Heads of IPAs will share their experiences and success stories in promoting and engaging in intraregional investment, and discuss its benefits and advantages.

  • H.E. Dr. Ceferino Rodolfo, Vice-Chairman and Managing Head, Board of Investments, Philippines
  • H.E. Mr. Narit Therdsteerasukdi, Deputy Secretary General, Thailand Board of Investment
  • H.E. Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation), Malaysian Investment Development Authority
  • H.E. Dr. Riyatno, Deputy Chairman of Investment Cooperation, Ministry of Investment/Coordinating Board of Investment, Indonesia

Moderator: Ms. Rupa Chanda, Director, Trade, Investment and Innovation Division, ESCAP

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Way Forward and Closing Remarks

  • Mr. Ruhimat Soerakoesoemah, Head, Sub-Regional Office for South-East Asia, ESCAP

for more information, please contact

Trade, Investment and Innovation Division +66 2 288-1234 [email protected]
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