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International manufacturers can also take advantage of Singapore’s SG+ twinning model to leverage the business advantages of setting up dual production locations in the country and its closest neighbors: Johor in Malaysia and the Batam, Bintan and Karimun islands in Indonesia. Initiatives such as the Southeast Asia Manufacturing Alliance and Regional Comprehensive Economic Partnership connect companies with a network of trusted partners to navigate and grow in the diverse region with confidence.

Multiple free trade agreements between SEA nations, along with loosening tariffs in the region, attract cross-border trade. The Association of Southeast Asian Nations (ASEAN) Economic Community, or AEC, has been integral to such growth and greater intra-ASEAN collaboration. 2 Home to more than 650 million people, a young demographic and a growing middle class, the region holds immense potential, seen in its real gross domestic product (GDP) growth over the years.

SEA had a combined GDP of US$3.2t in 2019, making it the fifth-largest economy in the world. While favorable factors present myriad opportunities for businesses to expand their manufacturing operations in SEA, gaps must be addressed to help build resilient supply chains that can withstand unexpected disruptions.

Situated at the confluence of major trade routes with US$3.4t 1 of global trade passing through each year, Southeast Asia (SEA) has been a focal point for cooperation and tensions among regional and global powers.

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