EU and ASEAN Discuss Efforts to Boost Investment and Businesses Participation in the Green Transition

Panel Discussion of the EU-ASEAN Cooperation Partners Dialogue

EU-ASEAN businesses and cooperation agencies discussed the opportunities and challenges of ASEAN’s green transition in the Partners’ Dialogue forum with the Delegation of the European Union to ASEAN.

Hosted by the Ambassador of the European Union (EU), H.E. Sujiro Seam, representatives of EU-ASEAN institutions, Member States, businesses, and cooperation agencies engaged in a knowledge and experience sharing on ASEAN’s green transition and the transformative impact of the Global Gateway strategy.

Launched in 2021, the Global Gateway strategy is the EU’s strategy to boost infrastructure investments in five key areas:  digitalisation, energy, transport, health, as well as education and research.

It aims to support the green and digital transitions around the world and to tackle global challenges such as climate change, global health security, sustainable development and stronger supply chains.

Chris Humphrey, Executive Director of EU-ASEAN Business Council

Chris Humphrey, Executive Director of EU-ASEAN Business Council

Global Gateway has the ambition to mobilise EUR 300 billion worldwide, building on commitments from all Team Europe partners - European Union, its member states, and finance institutions- and from the private sector.

"This year, we launched a EUR 60 million package of new connectivity projects to support the enabling environment for quality and sustainable investments in the region."

"Under the umbrella of this package contributing to the Global Gateway in ASEAN, we have new projects planned or starting in areas such as investment, trade, higher education, transport, energy connectivity and digitalisation." H.E. Sujiro Seam, EU Ambassador to ASEAN.

"The EU has always recognised the importance of our partnership with the private sector.  The EU and ASEAN are currently each other’s 3rd largest trading partners, and the EU is also the 3rd external provider of Foreign Direct Investment (FDI) to the ASEAN region," Ambassador Seam added.

EU-ASEAN Cooperation Partners_ Dialogue

"The European Investment Bank plays a pivotal role in supporting ASEAN’s green transition. Through the Global Gateway strategy, the EIB reaffirms its commitment to financing sustainable infrastructure projects that drive digitalisation, energy efficiency, and resilient transport systems".

"Our investments are designed to not only tackle climate change but also to stimulate economic growth and innovation across the region. By leveraging our financial expertise and resources, the EIB is dedicated to building a sustainable, more connected, and prosperous future for ASEAN." Sunita Lukkhoo, Head of the European Investment Bank (EIB) regional representation for Southeast Asia and Pacific said.

Head of the European Investment Bank (EIB) regional representation for Southeast Asia and Pacific Sunita Lukkhoo (Left) with the Ambassador of the European Union to ASEAN, H.E. Sujiro Seam (Right)

Find more information about the Global Gateway strategy and its implementation in ASEAN here

Learn more about the EU’s cooperation on connectivity with ASEAN here

About the European Union (EU)

The European Union (EU) is the economic and political union of 27 Member States. Together, the EU has built a zone of stability, democracy and sustainable development while maintaining cultural diversity, tolerance and individual freedom. In 2012, the EU was awarded the Nobel Peace Prize for advancing the goals of peace, reconciliation, democracy and human rights in Europe.

The EU is the world's largest trading bloc, and the world's largest source and destination of foreign direct investment. Collectively, the EU and its Member States are the largest donors of Official Development Assistance (ODA), providing more than half of ODA globally.

The 27 Member States of the EU (in protocol order) are: Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

For more information about the EU and its relations and cooperation with ASEAN, access:

http://eeas.europa.eu/asean

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About ASEAN

The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967 and constitutes ten Member States: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. On 31 December 2015, the ASEAN Community was formally established. The ASEAN Secretariat is based in Jakarta, Indonesia. Find out more on: https://asean.org

Lim Chze Cheen Director of the ASEAN Connectivity Division

Opening Remarks from the Ambassador of the European Union to ASEAN, H.E. Sujiro Seam

Panel Discussion of the EU-ASEAN Cooperation Partners_ Dialogue(1)

Panelists of the EU-ASEAN Cooperation Partners_ Dialogue

Sunita Lukkhoo, Head of the European Investment Bank (EIB) regional representation for Southeast Asia and Pacific

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