Slow and Steady

“Slow yet steady progress has been seen in realizing the goals of liberalizing investment and capital flows. The signing of the ASEAN Comprehensive Investment Agreement in 2012 was an important step in building a better business environment for the private sector in the region. Moreover, to enhance trade facilitation, the National Single Window (NSW) program has been implemented in the ASEAN-6 countries (Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore, and Thailand). The remaining members are catching up, with Vietnam and Cambodia having set up their respective NSW Customs interface. Initiatives to connect the NSWs to the ASEAN regional portal are also under way and will contribute significantly to reducing trade costs in the future.”

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