Asia-Pacific Investment and Tax Playbook (Selected Territories)

In today’s business world, companies are facing more opportunities yet increasing disruptions and challenges. Technology breakthrough and infrastructure improvement bring higher productivity and better connectivity, enabling business to operate in a larger space with less geographical limit.  

As one of the world’s top 10 largest economies, ASEAN now attracts the second largest foreign direct investment (FDI) in Asia only after China, and has become a major market for consumer products. The free trade agreements within ASEAN and with major economies in the world also facilitate regional and international trade.

While since the announcement of Belt and Road Initiative. ASEAN and its neighbouring territories have become a key strategic location along the Belt & Road route and achieved notable growth primarily driven by large capital projects and infrastructure investments as well as bilateral industrial cooperation with major economies such as China. ASEAN and its neighbouring territories have also emerged to be places that can be positioned for business to establish alternative facilities or multi-location operations as part of a supply chain transformation strategy. The entire region demonstrated high support to BRI and has committed to make more efforts to strengthen the economic tie with China for further sustainable growth in the future.