Brunei Darussalam Economy

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What has been the development focus of Brunei Darussalam’s three-year chairmanship of the BIMPEAGA Business Council (BEBC)?

What are the challenges facing ASEAN member nations in preparing for the ASEAN Economic Community (AEC) in 2015?

If asked to name the founding members of the TransPacific Partnership (TPP), which is shaping up to be the most important free trade agreement (FTA) of the early 21st century, not many people would guess that one of them is Brunei Darussalam. The country has an enthusiasm for FTAs that has few rivals. After all, the Sultanate’s oil and gas exports face few import...

What opportunities does the implementation of the ASEAN Economic Community (AEC) in 2015 create for the country?

As one of ASEAN’s richest but smallest member states, Brunei Darussalam gained enormously from its decision to join the organisation just a week after gaining independence in 1984. “Joining ASEAN was a way to solidify statehood,” said Bangkok-based regional political analyst Chayut Setboonsarng. “As a small country being part of a regional grouping increases its leverage...

As a small and relatively high-income country with an economy built around oil and gas exports, Brunei Darussalam is quite active in international trade and both inward and outward foreign investment. The bulk of inward foreign investment has come from Brunei Darussalam’s close relationship with AngloDutch oil company Royal Dutch Shell. The firm made the first discovery...

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