The 10th ASEAN Business and Investment Summit opened in Bandar SeriBegawan, Brunei on August 20, with the aim to seek ways to increase thegroup’s attractiveness as a region for trade and investment, and enhanceregional competitiveness.
Organised annuallyby the ASEAN Business Advisory Council, the summit provides a platformfor the business community to engage with ASEAN leaders, economicministers and key decision makers.
BruneianSultan Hassanal Bolkiah, who chairs the summit, stressed that regionaleconomic cooperation is one of the important pillars in ASEAN’s agenda,which underpins the establishment of an ASEAN Economic Community by2015.
ASEAN will continue implementing newinitiatives to support businesses, especially small and medium-sizedenterprises, by addressing barriers to integration and improvingbusiness mobility, he stated.
Hassanal Bolkiahalso emphasised the importance of active regional engagement with keyeconomies in ensuring ASEAN is a vital part of the global economy.
ASEAN has completed free trade agreements with Australia, NewZealand, China, Japan and the Republic of Korea with the aim to createnew opportunities to expand its trade and business links, said thesultan, adding that the group has promoted negotiations for an evenwider and more ambitious trade agreement to ensure closer economicintegration in East Asia.
ASEAN groups Vietnam, Thailand, Singapore, Indonesia, Cambodia, Laos, Myanmar, Malaysia, Brunei and the Philippines.-VNA
Organised annuallyby the ASEAN Business Advisory Council, the summit provides a platformfor the business community to engage with ASEAN leaders, economicministers and key decision makers.
BruneianSultan Hassanal Bolkiah, who chairs the summit, stressed that regionaleconomic cooperation is one of the important pillars in ASEAN’s agenda,which underpins the establishment of an ASEAN Economic Community by2015.
ASEAN will continue implementing newinitiatives to support businesses, especially small and medium-sizedenterprises, by addressing barriers to integration and improvingbusiness mobility, he stated.
Hassanal Bolkiahalso emphasised the importance of active regional engagement with keyeconomies in ensuring ASEAN is a vital part of the global economy.
ASEAN has completed free trade agreements with Australia, NewZealand, China, Japan and the Republic of Korea with the aim to createnew opportunities to expand its trade and business links, said thesultan, adding that the group has promoted negotiations for an evenwider and more ambitious trade agreement to ensure closer economicintegration in East Asia.
ASEAN groups Vietnam, Thailand, Singapore, Indonesia, Cambodia, Laos, Myanmar, Malaysia, Brunei and the Philippines.-VNA
