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NEWS UPDATES Asean Affairs     May 17, 2017  







Italy seeks stronger economic ties with ASEAN

Italy has expressed interest in strengthening economic ties with Southeast Asia during the first meeting of a two-day event involving high-level dialogue on ASEAN-Italy economic relations starting Monday.

The event, held at the Shangri-La Hotel, Jakarta, involves business speakers and political speakers from both Italy and ASEAN member countries.

Italy is serious about its intention to increase investment in ASEAN despite global trends toward protectionism because the country believes that multilateralism and free trade are the future of the global economy, said chairman of the Italy-ASEAN Association Enrico Letta.

Letta also said that Italy would increase its investments in Indonesia, despite ongoing political tension in the country.

 “We know very well that Indonesia is facing political tension. We are here despite this tension. We want to bet on Indonesia -- on Indonesia’s future and on the future of the relationship between Europe and Indonesia and Italy,” he said during a press conference.

Meanwhile, Italian Trade Agency president Michele Scannavini said Italy currently ranked 31st in investment in ASEAN with around only 0.1 percent market share.

Meanwhile, data from the Trade Ministry shows that the trade balance between Indonesia and Italy reached US$184.9 million last year, dropping drastically from $504.7 million the previous year.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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