ASEAN Business: ASEAN Integration Singapore

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Asean-AIRASIAWith the theme of “ASEAN Game Changer”, the ABC Forum 2014 saw a gathering of more than 300 business leaders from across the ASEAN region. Seated from left to right: Patrick Walujo, Managing Partner, Northstar Group; Pahala N. Mansury, Director of Finance & Strategy, Bank Mandiri; Tan Sri Tony Fernandes, Group CEO, AirAsia Group; Dato’ Sri Nazir Razak, Chairman, CIMB Group; and Jaime Augusto Zobel de Ayala, Chairman & CEO, Ayala Corp exchange views at Plenary Session 1 of the forum held in Singapore on 8 September 2014.(ist)

 

TRANSINDONESIA.CO – More than 300 leaders from top businesses from across the ASEAN region converged at the ASEAN Business Club (ABC) Forum 2014 on September 8 and 9 in Singapore to tackle trade and industry issues and support the implementation of one ASEAN Economic Community (AEC).

The critical consideration derived from the forum was the readiness of governments and ASEAN member states for an integrated economic region under the AEC and the role that ASEAN business leaders can play to accelerate these efforts and harness ASEAN’s potential.   In his opening address, ASEAN Business Club Forum Chairman and Group CEO of AirAsia Tan Sri Tony Fernandes stressed the importance of co-operation between the public sector and businesses in the region as well as a stronger ASEAN secretariat in order to capitalise on ASEAN’s progress.

“We need to help the lawmakers facilitate businesses and not impede their growth.” The Guest of Honour at the forum was The Honourable Lim Hng Kiang, Minister of Trade & Industry. Echoing the Chairman’s remark, he emphasised the need for eliminating non-tariff barriers as an essential element of a prosperous and fully integrated ASEAN nation "ASEAN is not only about inter-government discussions. Businesses play a critical role in telling us where the barriers to trade lie and where the bottlenecks in our regional and global value chains are.”

The Hon. Dr. Kan Zaw, Union Minister for National Planning and Economic Development of Myanmar also Chairman of ASEAN Economic Ministers’ Meeting 2014 echoed the importance of the private sector’s role.

“I consider one of the most promising aspects for our future is ASEAN’s engagement with the business sector. As the engine of economic growth, businesses are well-positioned to provide important feedback to policymakers on the effectiveness of our interventions.”

In a similar format as the inaugural Network ASEAN Forum last year, the two-day forum saw another six Lifting-The-Barriers Roundtables, a sector specific analysis of the current trade barriers and bottlenecks impeding an integrated market.

The targeted sectors this year were Legal & Tax, championed by ZICOlaw and EY, Automotive & Manufacturing championed by Jardine Cycle & Carriage and AAPICO, Financial Services & Capital Markets, headed by CIMB and DBS, Minerals, Oil & Gas by SapuraKencana & Ilthabi Rekatama, Food & Beverage Industry spearheaded by FIA & AFBA, and Retail, championed by Lippo Group & IMI. The discussion points stemming from the forum will then be incorporated into Lifting-The-Barriers reports, a set of white papers, which will be submitted to the relevant ASEAN policy bodies.(rel/yan)

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