4. Investment following the AEC and Asian integration plans
Finally, investment following the AEC and Asian integration plans in areas such as the BRI, intra-trade, and intra-investment.
The BRI has also spurred an increase of tourism-related travel to Southeast Asia from China. Malaysia is a key market for this at the moment. And although tourism is not a direct aspect of the BRI, it is all inter-related.
“The ASEAN region is currently a bright spark in the world economy. As the US takes a more protectionist stance, as noted by its recent pull-out from the Trans Pacific Partnership, and the EU struggles with a Brexit amongst various other issues, ASEAN has remained resilient,” Lee remarks.