Australian businesses should be aware of the diverse stages of development across the ASEAN markets. While Singapore ranks as second in the global ease of doing business rankings, other economies are at different stages of opening up.
Economically, Indonesia represents almost 40 per cent of the region's output, while Myanmar is still an emerging market.
In Singapore, GDP per capita is more than 30 times higher than in Laos and more than 50 times higher than in Cambodia and Myanmar.17
It helps to understand the different political systems, regulations, cultural sensitivities and ways of doing business in each country. This section outlines each market's key trends and business opportunities for Australian companies.
Free Trade Agreements Key
signed but not yet in force