Day 3 of the ASEAN Business and Investment Summit presented the last session on ASEAN-Australia relationships. According to asean-bis.com, the ASEAN-Australia-New Zealand (AANZFTA) was signed on 27 February 2009, and subsequently entered into force for most signatories on 1 January 2010. It has now entered into force for all signatories, except Indonesia. Covering over 620 million people and a combined GDP of A$3.5 trillion, AANZFTA is the largest FTA Australia has entered into, and is the most comprehensive FTA that ASEAN has signed. AANZFTA provides a solid platform for strengthening and deepening the economic relationship between Australia and ASEAN.
What are Prime Minister Gillard’s key messages?
ASEAN-Japan economic relationships are not all about government-to-government partnerships. The two regions have witnessed continuing progress in industry-to-industry partnerships too. The panellists in the ASEAN-Japan business and investment relationship session include Setsuo Iuchi (President of JETRO Thailand and Southeast Asia), Suparno Djasmin (Deputy Director PT Astra International Tbk), Karen Agustiawan (President Director of Pertamina), and Arifin Panigoro (Founder of Medco Group).
Filed under ASEAN, ASEAN-BIS, Climate change and environment, Conference, East Asia, Economic development, Economic Integration, Education, Energy, Indonesia, Investment, Poverty, Trade
Day 3 of the ASEAN Business and Investment Summit was an ‘all-star’ day. Following an opening speech by Secretary General of the United Nations, Ban Ki-Moon and the ASEAN-Republic of Korea session presenting CEOs of leading companies in the two regions, the summit participants were welcoming Yukio Edano, Minister of Economy, Trade and Industry of Japan and Yoshihiko Noda, Prime Minister of Japan.
The second session on Day 3 of the ASEAN Business and Investment Summit following the keynote speech by Secretary General of the United Nations, Ban Ki-Moon, was to highlight business opportunities between ASEAN and Republic of Korea (ROK). The panel was presenting Baek Sung‐Kwan (Executive Vice President of POSCO), Jae Bum Park (Vice President, ASEAN-Indo Marketing & Sales Division of Hankook Tire co.,ltd), Kwangyul Peck (Korindo Group Advisor), and Jongkie D. Sugiarto (President Director PT Hyundai Indonesia Motor).
Day 3 of the ASEAN Business and Investment Summit was focused on ‘the outward looking approach’ of ASEAN from a business and investment perspective. No person who would have been a better person to give an opening keynote speech than Secretary General of the United Nations, Ban Ki-Moon. From about 50 metre distance to his excellency, the GoLive Indonesia Representative (GIR) can feel his humbleness and concerns. What surprising was instead of talking about business and investment related matters, he talked about poor women’s and children’s health from less fortunate families in some developing countries and challenged the business communities ‘What can you do to address these development challenges?’.
At the end of the Day 3, the GIR found a link that could have connected between UN Secretary General’s development challenges and business communities contribution but was not explicitly stated by the panellists.
The last topic brought into discussions at the summit was whether ASEAN is the harbour of investment. Desi Anwar of Metro TV moderated the session. Statistics suggesting that only 4.2% of total GDP is from intra-ASEAN region trade and the investment level in the region is still below the pre-crisis level requires a careful analysis of how far ASEAN is from being an integrated region and what can be done.
Sitting as the panellists included Chris Kanter (Chairman and Founder of GEPI), Vice Chairman of APINDO, Mahendra Siregar (Vice-Minister of Finance of Republic of Indonesia), Tan Sri Anthony Francis Fernandes (Group Executive Officer of AirAsia Berhad), G V Sanjay Reddy (Vice Chairman of GVK), and Dato’ Sri Nazir Razak (Group Managing Director/CEO of CIMB Group).
Finally, by lunch time our technical problem was solved. Thank you to the organising committe for sorting the problem out. The luncheon keynote address was presented by M.S. Hidayat, Indonesian Minister of Industry. Excellent lunch and an excellent keynote speaker (and ID card in our hands), we could not ask for more. Minister Hidayat highlighted some of the key issues regarding sustainability, connectivity and inclusive growth that the ASEAN government and business communities through discussion at this summit should focus on.
The parrallel sessions on building an interconnected ASEAN Economic Community presented some of the leading names in the business communities as well as political figures. It was hard to choose which one should be attended. The GoLive Indonesia Representative (GIR) decided to attend the session on Capitalising ASEAN Connectivity. One particular reason was the idea of ASEAN connectivity seems to be quite broad and it is not clear what it refers to despite the fact that the ASEAN has already distributed a 91-page document explaining what this is about.
Sitting as the panelists include Jakob Friis Sorensen (Chairman of EU-ASEAN Business Council), David Lee Carden (US first resident Ambassador to ASEAN), Paulo Cesar de Souza e Silva (President of Civil Aviation of Embraer), Sam Moon Thong, President (Indonesia, Malaysia & Myanmar) of Keppel Land International), and Emirsyah Satar (CEO of Garuda Indonesia / Vice Chairman of APINDO).