The European Union and ASEAN: Trade and Investment Issues

In mid 1997, a major crisis embraced the economies of Southeast Asia. Its effects were severe, particularly on the countries of the Association of Southeast Asian Nations (ASEAN). Prior to the crisis, the ASEAN markets were becoming increasingly important destinations for exports from the European Union (EU), and more important locations for EU foreign direct investment (FDI). ASEAN exports and FDI to the EU were also increasing. This volume addresses the causes of the crisis, and its ramifications for both trade and investment between the EU and the ASEAN at the turn of the century.