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Article: An analysis of trade flows between Brunei Darussalam and the European Union.
- Article from:
- ASEAN Economic Bulletin
- Article date:
- April 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Institute of Southeast Asian Studies (ISEAS). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I. Introduction
Brunei Darussalam (hereafter Brunei) is a small, rich sultanate located on the northern coast of the island of Borneo, with a population of 344,500 in 2001 (Government of Brunei Darussalam 2002). Brunei has been one of the major producers of oil and gas within Southeast Asia, and exports of oil and gas currently account for about 40 per cent of Brunei's gross domestic product (GDP) (Government of Brunei Darussalam 2002). Based on per capita GDP, Brunei is the most advanced country of the fifty-six-member Organization of Islamic Countries (OIC). The country also has the fourth highest GDP per capita in Asia, after Japan, Singapore, and Hong Kong ...