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Hong Trade Development Council (HKTDC) Executive Director Fred Lam and Kerry Logistics Network Chairman George Yeo, said that the trade projections between the Association of Southeast Asian Nations (Asean) and China can reach $1.2 trillion by 2020, compared to the $400-billion trade volume between the bloc and China in 2012.
Fred Lam added that “To achieve this $1-trillion target, a million things should be done trade agreements, harmonization, connectivity, protection, obstacles, among others, that we should overcome."
Barbara Meynert, director of Fung Global Institute, said from a panel of the recently held Asian Logistics and Maritime Conference (ALMC) in Hong Kong that rapid growth in the region decided the establishment of the AEC, and that the integration would open business opportunities to investors from China, which could result to investments reaching about $150 billion in the next eight years entering the region.
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