Jakarta, 8 April 2011

Nearly a month ahead of the 1st ASEAN-EU Business Summit (AEBS), scheduled on 5 May 2011, interested parties launched the initiative in Jakarta this week. In addition to the AEBS, the 10th ASEAN Economic Ministers (AEM)-EU Consultations will take place on 6 May and the 18th ASEAN Summit on 7-8 May 2011.

Trade between ASEAN and EU’s trade totals nearly EUR 150 billion. The EU is ASEAN’s biggest investor. In addition, ASEAN is the EU’s fifth—and the EU is ASEAN’s second—largest trading partner.

The Summit will provide an opportunity for the business community to provide input and have their voice heard on ASEAN—a region that is growing faster than the world’s economy—issues. It will serve as a platform for businesses from ASEAN and those from the EU, not only to engage with each other, but also to have dialogue with policy makers from both regions, in this case the AEMs and EU Trade Commissioner.

The Summit will:

  • Contribute to the exchange of views with ASEAN and EU private sectors;
  • Give the opportunity to the business communities to directly discuss with policy makers from both regions on ASEAN-EU trade and investment relations;
  • Bring together entrepreneurs as well as public and private investors from both ASEAN and EU in order to discuss critical issues pertaining to ASEAN-EU trade and investment relations, particularly in boosting trade and investment ties between the two regions; and
  • Facilitate the formulation of policy advice and recommendations to the ASEAN Governments and the European Commission to better facilitating trade and investment relations between the two sides.

Five main areas to be discussed will include infrastructure, agri-food, healthcare, automotive and services. The Government of Indonesia is working closely with the EU Delegation to Indonesia, the ASEAN Secretariat, the Indonesian ABAC, the Indonesian Chamber of Commerce and Industry, the European Chamber of Commerce in Indonesia, the British Chamber of Commerce in Indonesia, the Germany-Indonesia Chamber of Industry and Commerce, the Indonesian-French Chamber of Commerce and Industry, and the Indonesia-Netherlands Association to ensure a successful Summit.