The ASEAN Business Advisory Council (ASEAN-BAC) presented a visionary outlook for ASEAN’s future session at the 55th ASEAN Economic Ministers’ (AEM) Meeting in Semarang, Central Java on August 19.
Head of ASEAN-BAC Arsjad Rasjid presented the ASEAN-BAC report to the minister related to the Legacy Project ABAC Year 2023 with the ASEAN-BAC 2023 Leadership: ‘ASEAN Centrality: Innovating towards Greater Inclusivity’ with three main focuses – centrality, innovation and inclusivity.
At the consultation with the AEM, ASEAN-BAC recommended various initiatives including digital transformation, sustainable development, health resilience, food security, cross border trade and investment facilitation, talent mobility, MSME development and connectivity.
Adinin Group of Companies Managing Director Haji Musa bin Haji Adnin and PDS Abattoir General Manager Haji Muhammad Sabirin bin Haji Othman represented Brunei from the ASEAN-BAC delegation at the session with the ASEAN economic ministers.
Recognising the barriers MSMEs face in accessing government, financial and marketplace services especially on the lack of official documentation, ASEAN-BAC Brunei presented recommendations on the importance of Digital Trust in ASEAN Economy.
ASEAN-BAC Brunei is focusing to help find a solution, with AKREDI (ASEAN Digital Credentials Platform) as its Legacy Project which will enter the next phase of development.
The business digital credentials service provider for the Borneo Economic Community via the DagangBorneo platform will be formally established on September 5 in Jakarta.
The adoption of the business digital credentials, together with technology implementation partners, will be the foundation of a pilot to facilitate cross-border movement of businesses, services, investors and talents.
ASEAN-BAC delegation also attended the launch of the ASEAN Tariff Finder.
This is an online platform designed to assist traders in maximising the benefits from completed or enhanced Free Trade Agreements (FTAs), including the ASEAN Trade in Goods Agreement (ATIGA), ASEAN+1 FTAs, the Regional Comprehensive Economic Partnership (RCEP) and bilateral FTAs completed by ASEAN member countries.
With increased engagements among relevant working groups, ASEAN-BAC is completing more achievements through five priority issues and eight legacy projects for the year, including Wiki Entrepreneur, the Marketplace Lending Platform, ASEAN Carbon Centre of Excellence, Net Zero Hub legacy projects.
ASEAN-BAC chaired by Indonesia will host the flagship events; the ASEAN Business and Investment Summit (ABIS) 2023 and the ASEAN Business Awards (ABA) 2023 as part of the ASEAN-BAC Indonesia’s Summit 2023 in Jakarta, Indonesia from September 3 – 4 which will bring together over 2,000 delegates from ASEAN and around the globe.
The ASEAN-BAC delegation conducted the 98th ASEAN-BAC Meeting and the 22nd Joint Business Council (JBC) Meeting on August 18. During the meeting, the ASEAN-BAC delegation from all ASEAN member countries, along with the Joint Business Council (JBC) representatives from ASEAN partner countries, convened to prepare for the engagement with the AEM.
In this meeting, the leaders of the working groups provided progress reports on the five priority issues and eight legacy projects undertaken by ASEAN-BAC, as well as the preparations for the ASEAN-BAC Summit Week 2023, which will take place in two weeks.
