The UK-ASEAN Business Council (UKABC) is delighted to announce that Baroness Lucy Neville-Rolfe DBE CMG is its new Chair.
Baroness Neville-Rolfe becomes UKABC Chair as ASEAN’s economy grows from strength to strength. ASEAN’s economic growth continues to average 5.4% and is predicted to be the world’s fourth largest economy in the world by 2030 after the US, China and the EU.
UK-ASEAN trade is now worth nearly £37 billion. The ASEAN export market is worth more to the UK than that of Australia, Brazil, India, Japan, New Zealand, Russia and could soon overtake China. As a region its economy is bigger than India’s and its population of 639 million is the third largest consumer market after China and India.
Baroness Neville-Rolfe said “I am delighted to be appointed as Chair of the UKABC at such a pivotal time in the UK’s trading history. As British companies look to develop and strengthen their presence in one of the world’s key markets, the UKABC plays an integral role in facilitating business growth.”
UKABC Executive Director – Ross Hunter, said “Baroness Neville-Rolfe brings a blend of expertise and experience from both government and business and a passion for Southeast Asia. Our new Chair will allow us to strengthen our UK-ASEAN business network to help us drive interest, exports and investment between the UK and ASEAN.”
Natalie Black, Her Majesty’s Trade Commissioner for Asia Pacific, said “I look forward to working with Baroness Neville-Rolfe to promote opportunities for British businesses in ASEAN. UKABC is a key partner and I look forward to building even stronger UK-ASEAN business relationships together.”