ASEAN-BAC Look Ahead for 2017

 

“ASEAN-BAC Look Ahead for 2017”

The ASEAN Business Advisory Council (ASEAN-BAC) recently held its Chairmanship Turnover ceremony from Laos to the Philippines for 2017and it’s Planning Retreat in Manila last 12-13 October 2016.  Top picture shows outgoing ASEAN BAC Chair from Laos Mr. Oudet Souvannavong (standing left) passing on the ASEAN BAC flag and congratulating the incoming Chair Mr. Joey Concepcion of the Philippines.  Witnessing the turnover is Philippine President Rodrigo Duterte and members of his cabinet which took place on the side of the 42nd Philippine Business Conference which was hosted by the Philippine Chamber of Commerce and Industry at the Marriott Grand Ballroom.  

 

Need to address non-tariff barriers within Asean

ADDRESSING non-tariff barriers (NTB) in Asean still has a long way to go, and member countries must first work on key people-centric focus groups in order to start progressing, said Asean Business Advisory Council Malaysia chairman Tan Sri Dr Mohd Munir Abdul Majid.

He said while the Asean Economic Community (AEC) is now a reality, concerns on the increasing NTB still exist, despite the fact that the tariff had been decreased significantly. “Have study groups, focus on the issue and bring in experts from other countries,” he said, when identifying key focus groups, namely in industries such as the healthcare, education, agri-food business, logistics, retail and e-commerce.

“Even the World Trade Organisation had said that the concerns on NTB were far more serious than the tariff itself. Asean NTB must be addressed if you want to have a free movement of goods,” he said on the sidelines of the Khazanah Megatrends Forum 2016, here, yesterday.

Last month, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said NTB — regarded as the main stumbling block in the shaping of the AEC — had been progressively reduced since the issue was raised by the 10 member countries four years ago.

Mustapa said 69 NTB cases had been reported and some 49 cases had been resolved through intensive consultation and peer review. Meanwhile, Munir said it is equally important to further cultivate another two Asean pillars, besides AEC — the Asean Political-Security Community and Asean Socio-Cultural Community.

“We see little development in these two pillars as compared with the AEC.”

Read More : http://www.nst.com.my/news/2016/09/176564/need-address-non-tariff-barriers-within-asean

ASEAN Business Awards 2016: SRW&Co. Grants AGLP Scholarships for Entrepreneurs and SMEs

Jakarta, 23 June 2016: The ASEAN Business Advisory Council (ASEAN-BAC) and  SRW&Co signed a Memorandum of Agreement (MOA) on 23rd June 2016 at the ASEAN Secretariat, Jakarta, to launch a strategic partnership. The milestone MOA was signed by Oudet Souvannavong representing the ASEAN-BAC and Daniel Wong of SRW&Co.

The MoA grants scholarship to the winners of the ASEAN Business Awards (ABA) 2016, as part of the ASEAN Business and Investment Summit program agenda in Lao PDR on September 2016. There are three scholarships for the winners in the categories of “Young Entrepreneur of The Year”, “Woman Entrepreneur of The Year”, and “The Most Innovative SME”, who will attend the ASEAN Global Leadership Program (AGLP) in 2017 at one of the leading universities and business schools.

 

MALAYSIA HOST WORLD LEADERS AT ASEAN BUSINESS AND INVESTMENT SUMMIT 2015

Kuala Lumpur, 21 November 2015: ASEAN Business & Investment Summit (ABIS) 2015, hosted by the ASEAN Business Advisory Council (ASEAN-BAC) on 20th and 21st November, called upon businesses across ASEAN to embrace the impending establishment of the ASEAN Economic Community (AEC). The summit also called upon broader group of public and private sector attendees to work together for the growth of ASEAN region. The first day of the Summit was inaugurated by the Prime Minister of Malaysia, Dato’ Sri Najib Razak and attended by several ASEAN Economic Ministers. The second day of the Summit was attended by the President of the United States, Barack Obama, the Prime Minister of Japan, Shinzo Abe, and the Prime Minister of India, Narendra Modi. Speaking to ASEAN businesses and leaders, the three leaders spoke about the importance of increased partnership between ASEAN and other nations for sustainable socio-economic growth.

Day one highlights

Attended by over 800 people, Day One of the Summit involved open and robust discussions about how to advance the public-private partnership (PPP) agenda, seen as critical in ensuring ASEAN economic development that is sustainable and beneficial to its people and future generations. Day Two of ABIS, following speeches by the American, Japanese and Indian heads of state, saw increased focus on SMEs with targeted dialogues and the launch of the ASEAN Strategic Action Plan for SME Development 2016-2025.

Key highlights of Day One, 20 November:

    • Handover of the ASEAN report by Tan Sri Dr. Munir Majid to the Prime Minister of Malaysia, Dato’ Sri Najib Razak
    • Launch of the ‘Growth Accelerator Exchange’ (GAX)
    • Launch of OECD Economic Outlook for Southeast Asia report

Partners

asean  asean foundation aha  aipa ace 
aseansai aseanbiodiversity       
 srw bdo logo  Lee Kuan Yew School of Public Policy (LKYSPP)  
Economic Research Institute for ASEAN and East Asia (ERIA)  International Institute for Sustainable Development (IISD)  GIZ  
Syarikat Indah Sejahtera Development & Services Sdn Bhd Sienna DMB Sdn. Bhd