ASEAN-Japan trade relation has been going strong over the past years, as Japan is ASEAN's third-largest trading partner, and the fourth-largest source of foreign direct investment among the bloc's dialogue partner countries.
Previously, ASEAN is already banking on the Regional Comprehensive Economic Partnership (RCEP), a free trade between fifteen countries including Japan.
The relation between the two still has a lot potential to be expanded including through the initiative of Japan's participation as a part of the ASEAN Single Window (ASW).
The regional initiative enables electronic exchange of trade-related documents between its member states, creating an ease in faster customs clearance and less paperwork.
Source: Jakarta Globe here
February 28, 2023
