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Firmer ties between EU and ASEAN on clean technology

July 2, 2015

Firmer ties between EU and ASEAN on clean technology

02 July 2015
By Vaidehi Shah

European clean technology firms and their Southeast Asian counterparts spent a week exploring new collaborations and growth opportunities during a trade mission to Singapore and Vietnam - a move that is expected to strengthen trade ties between both regions.

Organised by the EU delegation to Singapore, the EU Business Avenues trade mission brought 41 small and medium enterprises (SMEs) from Europe’s energy efficiency, pollution, waste and water technology sectors to explore opportunities in Southeast Asia.

In Singapore, a two-day event from 16 to 17 June held at the Suntec Singapore Convention & Exhibition Centre facilitated more than 250 meetings between SMEs from both regions on ways to tap on growth opportunities together.

Possible partnerships include distribution agreements, joint ventures to adapt European technologies for Asia, and Asian companies paying European companies royalties to use their technologies, said the organisers.

Raffaele Quarto, head of the EU Delegation to Singapore’s economic and trade section, noted that sustainable development is becoming a key priority for many countries in ASEAN.

Read more at Singapore Business News.

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