Brunei Darussalam, ASEAN's smallest member state, is seeking to diversify its economic base away from oil and gas. Brunei is looking at investing in key sectors such as education, clean energy, and maritime and logistics to drive sustainable growth and reduce reliance on hydrocarbons. Brunei's strategic location, political stability, and business-friendly policies make it an attractive market for international partnerships, particularly with the United Kingdom.
The UK accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will mark the first Free Trade Agreement (FTA) between the UK and Brunei. This will unlock trade benefits for both countries in a wide range of business sectors.
The Department for Business and Trade will run a Trade Mission to Brunei from 25-27 November and has asked the UK-ASEAN Business Council to lead the planning and execution of the mission.
Useful Links
Trade and Investment Factsheets – Brunei. Department for Business and Trade
Brunei Economic Outlook 2024. Centre for Strategic and Policy Studies
Brunei Darussalam Key Economic Developments Q4 2023. Department of Economic Planning and Statistics.
UK-Brunei Green Economy Framework. British High Commission
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