Huge opportunities for Irish firms in south-east Asia
THERE are huge opportunities for Irish companies to do business in south-east Asia, but they need to be aggressive and have state backing to succeed.
That was the message from an ASEAN-Ireland event, which highlighted the huge scope for growth.
According to the head of the Irish Exporters Association, John Whelan, companies that are not looking to do business in the region will stagnate, but to be successful they need strategic partners in the region and support from government.
The ASEAN nations, which include Indonesia, Malaysia and Singapore among others, have a population of just over 600 million people.
Unlike Europe and the US, the region is posting annual growth of around 4.7pc per annum, albeit from a low base.