SIEM REAP, 14 September 2022 – Today, the “ASEAN Investment Report (AIR) 2022: Pandemic Recovery and Investment Facilitation” was launched at the ASEAN Economic Ministers-25th ASEAN Investment Area Council meeting.
The report is an annual publication analysing investment trends and other related issues in the region. Foreign direct investment (FDI) inflows in ASEAN surged by 42% in 2021 to US$174 billion. This increase reached the pre-pandemic record level and reversed the decline in 2020 caused by the COVID-19 outbreak. The robust recovery underscores ASEAN’s resilience and attractiveness as a major investment destination in the world and as an engine of growth for FDI.
This year’s report provides a special focus on Investment Facilitation. ASEAN Member States (AMS) have undertaken significant investment facilitation efforts to attract and retain FDI over the years. AMS are stepping up this endeavour through the adoption of the ASEAN Investment Facilitation Framework (AIFF) in 2021, reflecting ASEAN’s commitment to further improve the investment environment and increasing the ease of investing and doing business in the region.
While AMS have put in place most of the AIFF measures, and although investment facilitation measures have become increasingly more effective and efficient, some gaps remain to be filled.
The ASEAN Investment Report is prepared under a technical cooperation agreement between the ASEAN Secretariat and the United Nations Conference on Trade and Development, with inputs from members of the ASEAN Coordinating Committee on Investment and support from the Government of Australia through the ASEAN-Australia Development Cooperation Program Phase II.
The AIR 2022 would be presented at the ASEAN Business and Investment Summit in November.
The report can be downloaded at:
- investASEAN website
- ASEAN website
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