Business in Brunei Darussalam. Bruneian Economy

1. Introduction to the State of Brunei Darussalam (Southeast Asia)
2. Bruneian Economy
   1. Petrol and gas resources of Brunei
3. Doing Business in Bandar Seri Begawan
4. Bruneian International Trade
5. Transport and Logistics
6. Investment in Brunei
7. Case Study: Business Opportunities in Brunei
8. Access to the Bruneian Market
9. Business Plan for Brunei

The educational aims of the Subject “Foreign Trade, Logistics and Business in the State of Brunei Darussalam” are:

1. To analyze the Bruneian Economy, Logistics and Global Trade
2. To conduct research on business opportunities in Brunei Darussalam
3. To explore Brunei Darussalam trade relations with the student's country
4. To learn about Bruneian Trade Agreements
5. To develop a business plan for the Bruneian Market

The Subject “Foreign Trade, Logistics and Business in Brunei” is included within the curriculum of the following academic programs at EENI Global Business School:

Doctorate in World Trade.

Masters: International Business, Foreign Trade.

Higher Education programs adapted to the Bruneian Students.

Languages: or Brunei Brunei.

1. Subject Credits “Doing Business in Brunei”: 1

Transport Corridors related to Brunei

1. Access to the East-West Corridor (Myanmar-Vietnam)
2. Access to the Nanning-Singapore Corridor

1. ASEAN
   1. ASEAN Free Trade Area
   2. ASEAN Economic Community
   3. East ASEAN Growth Area
   4. Brunei (as an ASEAN member), has Trade Agreements with Australia-New Zealand, Canada, China, India, the EU, Japan, Korea, Russia, the United States, Pakistan, Chile
2. Agreement for Trans-Pacific Partnership
3. Regional Comprehensive Economic Association
4. APEC
5. Brunei-Japan Agreement
6. European Union-Brunei Partnership and Cooperation Agreement (negotiation)
7. Trade Preferential System (TPS-OIC)
8. Islamic Centre for Development of Trade

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention
3. BIC
4. Chicago Convention (ICAO)
5. International Maritime Organization

1. Islamic Development Bank
2. Organization of Islamic Cooperation (OIC)
3. Asia-Middle East Dialogue

1. Boao Forum for Asia
2. Asia Cooperation Dialogue
3. Economic Commission for Asia (ESCAP)
4. Asian Development Bank
5. Colombo Plan
6. Africa-Asia Partnership
7. Forum for East Asia-Latin America Cooperation (FEALAC)

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. Pacific Economic Cooperation Council
5. International Monetary Fund

The State of Brunei Darussalam is advantageously situated in the South-Eastern region of Asia.

1. Brunei shares borders with Indonesia and Malaysia
2. The capital of Brunei is Bandar Seri Begawan
3. Official language of Brunei Darussalam: Malay. English is a recognized language in Brunei
4. Bruneian Population: 415,717 people
5. 66% of the Bruneian are Malays (11% are Chinese)
6. Type of Government: Unitary Islamic Absolute Monarchy
7. Sultan: Hassanal Bolkiah
8. Independence from the United Kingdom: 1984
9. Area of Brunei Darussalam: 5,765 km²

Religion in Brunei Darussalam

1. 66% of the population are Muslim (Sunni)
2. Islam is the official religion of the State of Brunei
3. The judiciary system of Brunei Darussalam is based on the English Common Law
4. For Muslims, the Islamic Sharia Law substitutes civil laws
5. Fiqh (Islamic Jurisprudence): Shafi
6. Other religions in Brunei: Buddhism (13%) and Christianity (10%)

Brunei Darussalam is a member of Islamic Civilization.

Bruneian Economy.

1. The Bruneian people benefit from a high quality of life (USD 31,000 per capita revenue), the second largest in ASEAN Region
2. The Economy of the State of Brunei has been dominated by the petrol and gas industry for the past eighty years
3. Brunei has no central Bank and operates a currency board system with the Brunei Dollar (B$) being pegged to the Singapore Dollar, enabling both currencies to be legally interchangeable in Brunei Darussalam and Singapore
4. Brunei is a small nation with a large potential
5. Currency: Brunei dollar (BND)

International Trade of Brunei Darussalam.

1. Hydrocarbon resources account for 90% of its export and 50% of GDP of Brunei
2. Brunei is the fourth largest petrol manufacturer in Southeast Asia and the ninth largest liquefied natural gas exporter in the World
3. Petrol and natural gas account for nearly all Bruneian exports
4. Top import partners of Brunei Darussalam are ASEAN countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Laos, Myanmar, and Cambodia), the United States, the EU, Japan, and China

International Trade and Business in the State of Brunei Darussalam: