Upgrade your membership plan for the full website experience.
View Membership Plans
December 20, 2023

China Encourages More Investment in Brunei

December 20, 2023

In a recent meeting between Chinese President Xi Jinping and Brunei’s Sultan Hassanal Bolkiah in San Francisco, both nations expressed their commitment to fostering greater economic relations. President Xi proposed increasing imports from Brunei and encouraging Chinese enterprises to invest in the Southeast Asian country. Areas of cooperation include food security, with both sides pledging to work together on joint maritime development to ensure peace and stability in the South China Sea.

China's proposal to purchase more goods from Brunei aligns with the longstanding economic relationship between the two countries. Despite Brunei having a claim in the South China Sea, it has prioritized economic collaboration over territorial disputes, strategically focusing on expanding the Sultanate's trade ties with China.

In a notable development, Brunei inaugurated its first container shipping link to China, connecting its sole deepwater port, Muara, to Qinzhou in China’s Guangxi Zhuang autonomous region. The service is expected to facilitate the shipping of Bruneian seafood and fruit to Qinzhou, with the transshipment of fruit and vegetables from Guangxi Zhuang in Muara. The seven-day transit time for cargo marks an improvement in trade logistics.

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.