Invitation to ASEAN Conference & ASEANext Forum on 2-3 July 2025 in Singapore

CACCI is pleased to share with its members, on behalf of the Young Business Leaders Network (YBLN), the invitation to attend the ASEAN Conference and ASEANext Forum, taking place on July 2-3, 2025 in Singapore.

This high-level regional gathering will bring together government representatives, business leaders, and entrepreneurs from across ASEAN for a series of dialogues, networking sessions, and market-focused discussions.

Key highlights include:

July 1 – Welcome Drinks and Dinner at Singapore Flyer Lounge
July 2 – ASEANext Forum
July 3 – ASEAN Conference: Featuring Ministerial Dialogue, Plenary Panels, Market Breakout Tracks, and Business Matching
July 4 – City Tour

For logistics or accommodation queries, please contact the YBLN Secretariat at:

Theodore Khng – Theodore.khng@gmail.com
Koh Xizo Le – xiaole.koh@sbf.org.sg
Edward Tan – Edward.Tan@sbf.org.sg

For more details please download the brochure HERE.

CACCI President Peter McMullin AM leads successful Presidential Visit to Osaka

CACCI President Mr. Peter McMullin AM and representatives from various CACCI Primary Members visited Osaka, Japan on 1-3 June 2025 to meet with officers and members of the Japan Chamber of Commerce and Industry (JCCI), the Osaka Chamber of Commerce and Industry (OCCI), and the Japan Young Entrepreneurs Group (Japan YEG), primarily to network with each other and share their views on current global and regional economic situation and explore possible areas of business cooperation.

The visit also allowed the CACCI delegation to visit the Expo 2025 Osaka Kansai, one of world’s most anticipated global events, providing them the opportunity to experience the cutting-edge innovation that were on display in the various country pavilions.

It was the third Presidential visit led by Mr. McMullin since he first assumed the CACCI Presidency in November 2022 in Melbourne, Australia. The first two visits were to Taiwan on 17-18 May 2023, followed immediately thereafter by a visit to Vietnam held on 22-23 May 2023.

The Presidential visits are intended to give the CACCI President and CACCI members the opportunity to gather first-hand information on the business situation in the host country; further build up the image of CACCI by making courtesy calls on key government officials; and meet business leaders in the country, particularly those from industries or sectors that the host country wishes to promote.

The delegation to Osaka was composed mostly of 25 chamber executives and businessmen from 11 CACCI member countries looking at possible business and investment opportunities in Japan or considering expansion of their existing businesses in the country, as well as to explore the possibility of attracting Japanese businesses to consider the market of their respective countries. A complete list of delegation members is attached as Annex 1.

The program of the visit was arranged by JCCI and Japan YEG through CACCI Vice President Mr. Daijiro Oshima and YEGAP Chairman Mr. Hiromi Aoki.

A chronology of the meetings and activities during the Presidential Visit to Osaka follows hereunder:

1 June 2025

Members of the CACCI Presidential visit delegation and of Japan YEG attended the dinner co-hosted by CACCI President Mr. McMullin and YEGAP Chairman Mr. Aoki. Held at the Blue Birds Rooftop Terrace at The Landmark Osaka Square situated right beside the historical Osaka Castle, one of Japan’s most famous landmarks, the welcome dinner provided the attendees the opportunity to introduce themselves to each other and to know more of their businesses and their other interests, thereby setting the stage for more camaraderie over the next two days.

The welcome dinner also marked the launching of the Good Business Network (GBN) founded by Mr. McMullin that aims to bring together businesspersons and encourage them not only to make money but also to undertake initiatives and activities focused on different aspects of social good. The GBN is affiliated with the Good Business Foundation, which was founded by Mr. McMullin “to show that there is another way. Another way to do business and to go forward. A way for us to be citizens not just consumers.” The Foundation supports purpose-driven SME businesses across the globe.

2 June 2025

Visit with the Osaka Chamber of Commerce and Industry

As the first activity for Day One Program of the visit, Mr. McMullin and his delegation went to the headquarters of Osaka Chamber of Commerce and Industry (OCCI), where they were met by the officers and members of the Chamber led by Vice Chairman Mr. Gyo Sagara and President Mr. Setsuo Iuchi.

In his Welcome Remarks, Vice Chairman Sagara noted that given the currently difficult economic and geo-political situation globally, it is important for business organizations such as CACCI and OCCI to explore possible areas of collaboration to help enterprises and their respective constituencies

overcome various challenges over time. Mr. Sagara mentioned some of the projects and initiatives undertaken by OCCI aimed at expanding businesses of its members in the Asian region, particularly the emerging economies. These include the following:

1. Holding meetings attended by high-ranking foreign government officials and Japanese business executives;
2. Sending economic delegations to emerging markets and assisting in the establishment of bilateral and multilateral economic relations and the development of emerging markets;
3. Receiving economic missions, and organizing business meetings that develop sales channels and matching with start-up companies in order to connect Osaka – Japan with the world;
4. Holding seminars and events, facilitating trade and investment through multinational and bilateral schemes; and seminars focusing on the latest business-related information about sales, personnel, purchasing and tax practice in the foreign countries;
5. Establishing the Osaka Business and Investment Center (O-BIC) to promote foreign direct investment in Osaka and other areas of the Japanese market by offering in-depth assistance and expert advice specifically tailored to the individual requirements of foreign investors;
6. Launching of the Global Innovation Forum in 2019 to promote global open innovation, and supporting the overseas expansion of domestic companies and startups, and collaboration between overseas startups and domestic companies;
7. Working together with government to create an environment suitable for conducting innovative demonstration projects and create a virtuous cycle for generating new businesses in Osaka, and inviting business operators from inside and outside of Osaka who wish to conduct demonstration projects in Osaka.

In response, Mr. McMullin thanked Osaka CCI and its officers Vice-Chair Gyo Sagara and President Setsuo Iuchi for receiving the CACCI delegation at the Chamber’s headquarters in Osaka. He also expressed appreciation to Osaka CCI for helping organize the CACCI Presidential visit to Osaka which coincides with the 2025 Osaka Expo. In addition, Mr. McMullin mentioned that CACCI was organized in 1966 as a forum for promoting the vital role of the businesspersons in the region, increasing regional business interaction, and enhancing regional economic growth, with current membership that includes 29 national chambers of commerce from 27 countries and economies, including the JCCI.

Mr. McMullin provided some background on JCCI’s membership in CACCI, such as:

1. JCCI is a Founding Member of CACCI (1966), and – along with its members such as the Osaka CCI – has been one of the most active Primary Members;
2. Since CACCI’s establishment in 1966, JCC has hosted 11 of its annual Council Meetings and Conferences held in Tokyo, Osaka, Nagoya, Kobe, Fukuoka and Yokohama);
3. A total of 8 leaders of JCCI have served as Vice President of CACCI, with Mr. Daijiro Oshima as the incumbent VP;
4. JCCI has also hosted two CACCI Presidential visits previously – in 2013 and in 2019;
5. JCCI has recently conducted (on May 23) an Investment Forum on the current state of the Japanese economy and investment opportunities that the country offers, especially to foreign investors;

Mr. McMullin took the opportunity to Invite the Osaka CCI officers and members to the following upcoming CACCI events:

1. Presidential visit to Melbourne on September 1-4, to coincide with the 14^th ICC WCF World Chambers Congress focusing on the theme “Business, chambers, government: Partners for prosperity”
2. 39th CACCI Conference to be held on November 10-11 in Colombo, Sri Lanka. To be hosted by the Federation of Chambers of Commerce and Industry of Sri Lanka as host chamber, the two-day Conference will focus on the theme: “Entrepreneurship in the Asian Century”

He also expressed his hopes that OCCI will remain actively involved in the Confederation as CACCI certainly needs Japan’s representation in the group, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

Each member of the CACCI delegation was then requested to introduce himself and state his interest in joining the Presidential visit to Osaka.

At the end of the visit, Mr. McMullin exchanged tokens of appreciation with Mr. Sagara and Mr. Iuchi for making the visit possible and allowing the two sides to meet and share important information on each other’s activities and explore possible areas of cooperation.

Memorandum of Agreement Signing Ceremony

Following the meeting with OCCI, the CACCI delegation proceeded to the ATC Hall to attend the formal signing ceremony for the Memorandum of Agreements between YEGAP and the following Young Entrepreneurs Group from other Asian countries:

• Young Entrepreneurs Association Brunei (YEAB)
• Young Entrepreneurs Association of Cambodia (YEAC)
• Myanmar Young Entrepreneurs Association (MYEA)

The signatories of the MOUs were Mr. Hiromi Aoki, YEGAP Chairman; Mr. Louis Loo, YEAB Executive Committee Member; Mr. Kimsour Lay, YEAC Vice President; and Ms.Thin Thin Khew, MYEA President.

Each of the signatories cited the signing of the MOUs as an important beginning of a productive and meaningful cooperation with the other young entrepreneurs groups of the Asia-Pacific region that are under the umbrella of YEGAP CACCI, and that they all looked forward to working closely with each other in bringing the spirit and objectives of the MOUs into fruition.

Asian Youth Economic Organizations Exchange Program

The delegation then proceeded to the Asian Youth Economic Organizations Exchange Program organized by Japan YEG to provide a platform for members of YEGAP, the various young entrepreneurs groups from other Asian countries represented in the meeting, and members of the CACCI Presidential visit delegation to exchange views on the main theme of “What Role is Japan Expected to Pay in Asia and the World Today”. Prior to the start of the Program, Welcome Remarks were delivered by Mr. Daijiro Oshima, CACCI Vice President and JCCI Special Advisor; Mr. Peter McMullin AM, CACCI President; and Mr. Norihiko Ishiguro, JETRO Secretary General. The Welcome Remarks were followed by the Keynote Speech of Mr. Hiromi Aoki YEGAP Chairman, who spoke on “The Value of the International Youth Network.”

A Panel Discussion ensued, which was moderated by Mr. Aoki, and featured the following as panelists:

• Ms. Thin Thin Kew, MYEA President
• Ms. Deborah Bottreau, MAYA President
• Mr. Theodore Khng, YBLN Executive Member
• Ms. Philaiphonr Vongpraseuth, YEAL Vice President
• Mr. Michael Lim, YEGAP Vice Chairman
• Mr. Tomoichiro One, Japan YEG Chairman

The panelists addressed and shared their thoughts – from their country’s or their business’s perspective – on the following important issues:

1. Working Together Across Cultures – Given that Japan and ASEAN countries have many different cultures and traditions, the panelists discussed views on how these differences can be protected and respected while creating new ideas and businesses together.
2. Common Problems in Asia – Many Asian countries face the same problems, like climate change, differences in education, and lack of infrastructure. To solve these problems, young people from different countries need to work together more. The panelists shared their perspectives on what Japan and Japan YEG can do to help, and on what they think are the special strengths of Japan that can be useful in this regard.
3. One Asia, One Family – The panelists were also requested to give their thoughts on what must be done to make a reality the YEGAP Chairperson’s idea on “One Asia, One Family”.

After the Panel Discussion, breakout sessions were conducted, with each session featuring individual presentations on their respective organizations and om the economic situation in their respective countries, by representatives of the following youth organizations: (a) Young Entrepreneurs Association of Cambodia (YEAC); (b) Philippine Young Entrepreneurs Association (PYEA); (c) The Third Wednesday Club Young Entrepreneurs Group (TWC-YEG); (d) Vietnam Young Entrepreneurs Association (VYEA); and (e) Japan YEG.

Day Two ended with a Networking Dinner among the participants and other invited guests, during which they were treated to traditional Japanese cuisine and drinks, while enjoying and joining on-the-spot performances by Japanese cultural groups.

3 June 2025

Opening Reception and Tour of Expo Osaka 2025 Expo26

The delegation attended the Opening Reception held at the Japan Pavilion. As part of the Program, representatives of the various young entrepreneurs groups under the CACCI YEGAP umbrella were requested to go up the stage and formally presented to the audience. Mr. McMullin as head of the CACCI delegation was asked to deliver brief Remarks as well. In his remarks, the CACCI President thanked JCCI and the other organizers of the Expo Osaka for inviting CACCI members to participate in the important event, and gave a brief introduction on the Confederation and its activities. He also expressed his hopes that the Osaka visit of the CACCI delegation will open doors for more economic cooperation between CACCI member countries and Japan, particularly Osaka.

During the ceremony, the CACCI delegation also had the opportunity to watch some cultural performance reflecting Japanese culture and old traditions, including a special show on the Japanese kimono history and the evolution of this important and valued heritage of the Japanese people.

After the Opening Reception, the delegation proceeded to have a tour of the Expo. Unfortunately, due to the inclement weather and the long queues to enter the country pavilions on that day, the delegation managed to visit only a few, including the pavilion of the United Arab Emirates where they were given a special tour by the pavilion host.

Dinner Hosted by Suntory and CACCI Vice President Daijiro Oshima

As the last activity of Day Three, the delegation gathered at the dinner hosted by CACCI Vice President Daijiro Oshima, Special Advisor to JCCI, and Suntory. The occasion provided the delegates another good opportunity for further networking and strengthening of friendship and business relations.

Before the end of the dinner, President McMullin presented tokens of appreciation to Mr. Oshima and Mr. Hiromi Aoki for hosting and organizing the Presidential visit to Osaka. The delegates were then treated to a special Fountain Show that took place just outside the dinner venue, before saying goodbye to each other and officially concluding the visit.

CACCI President visits Osaka CCI and meets Young Entrepreneurs

During the CACCI Presidential visit to Osaka, President Peter McMullin AM visited the Osaka Chamber of Commerce and Industry on 2 June 2025 to pay respects to their President and thank him for the warm welcome to the CACCI delegation.

President McMullin AM was excited to preside over the signing of three new members to our Young Entrepreneurs Group of Asia-Pacific (YEGAP) with Brunei, Cambodia and Myanmar joining this rapidly growing network.

He provided the opening remarks to the Asian Youth Economic Organisations Exchange Program. A vibrant event of over 500 young entrepreneurs from across 15 countries in the region.

The day culminated with a business networking dinner and cultural dancing and music. The day couldn’t have been better.

The perspectives of the young entrepreneurs and business leaders were refreshing. They were clear-eyed about the challenges we collectively face but optimistic and ready to see opportunity in chaos.

President McMullin AM left the day feeling positive and energized and said that “If these young people are the future then we are in good hands.”

CACCI President & YEGAP Chairman co-host dinner on The Landmark Osaka Square

Members of the CACCI Presidential visit delegation and of Japan YEG attended the dinner co-hosted by CACCI President Mr. McMullin AM and YEGAP Chairman Mr. Aoki.

Held on 1^st June 2025 at the Blue Birds Rooftop Terrace at The Landmark Osaka Square situated right beside the historical Osaka Castle, one of Japan’s most famous landmarks, the welcome dinner gathered over 100 entrepreneurs from 10 countries across the region including Indonesia, Cambodia, Myanmar, Japan, Australia, Singapore, Timor-Leste, Philippines, Taiwan and Pakistan.

The welcome dinner provided the attendees the opportunity to introduce themselves to each other and to know more of their businesses and their other interests, thereby setting the stage for more camaraderie over the next two days.

The welcome dinner also marked the launching of the Good Business Network (GBN) founded by Mr. McMullin that aims to bring together businesspersons and encourage them not only to make money but also to undertake initiatives and activities focused on different aspects of social good. The GBN is affiliated with the Good Business Foundation, which was founded by Mr. McMullin “to show that there is another way. Another way to do business and to go forward. A way for us to be citizens not just consumers.” The Foundation supports purpose-driven SME businesses across the globe.

Call for Papers – Share Your Insights in the Products & Service Council Newsletter

CACCI is introducing a fresh approach to our Products & Service Council Newsletter! This combined newsletter will spotlight thought leadership pieces from our members and industry experts, offering timely insights and perspectives to keep the business community informed and engaged.

CACCI welcomes a variety of submissions, including:

• Summaries of recent news events
• Analysis of emerging or ongoing trends
• Op-eds and short reports
• Interviews with industry leaders

While CACCI encourages submissions aligned with our core themes — digital transformation & innovation, economic development & trade, sustainability, and inclusivity—we also welcome articles that are theme-adjacent and would be relevant for businesses.

The Product and Service Councils under CACCI include:

• SME Development
• Textiles and Garments
• Information and Communication Technology
• Water, Energy and Environment
• Young Entrepreneurs
• Women Entrepreneurs
• Tourism
• Construction and Contracting
• Health and Education
• Chemical Industry
• Trade Facilitation

The newsletter will be published online on the CACCI website and shared to our members and broader network.

If you have a thought leadership article that would be valuable to our members, please send it to our communications team at cacci@cacci.biz for consideration. Kindly refer to the Content Submission Guidelines for more information.

Content Submission Guidelines

Thank you for your interest in contributing to the CACCI Products & Service Council Newsletter. To ensure consistency and quality, please follow the guidelines outlined below:
(1) Formatting and Photographs

• Submission Deadline: July 1, 2025.
• Word Count: Maximum of 4,000 words (including references). Submissions must be sent in Microsoft Word format.
• Images: High-resolution photographs are encouraged. All images must be either owned by the author or their company, or properly attributed.

(2) Required Submission Components

Each submission must include:

• A clear and concise headline (with subheadings, if applicable.)
• Author name(s), title(s), and company/organization.
• Author’s email address (for internal use only.)
• A short biography (2–3 sentences) of the author.

(3) Submission Policies and Publication Permission

• By submitting your article, you grant the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) permission to publish your content and name as part of the newsletter series. Your email address will not be shared publicly.
• Submission does not guarantee publication. All articles are subject to review and may be edited for clarity, length, and quality. CACCI reserves the right to accept or reject any content at its discretion.
• Authors will receive full credit for their contributions. By submitting, authors agree to allow CACCI to republish the article in any official communication medium, including the website, social media, and newsletters.

(4) Time to Publication:

• The final publication date will depend on the number of submissions received and the editorial review process. The newsletter is expected to be published online by the end of October 2025.
• Please consider the timeliness and relevance of your content, particularly in light of potential delays.
• Note: Once an article is published online, no further changes can be made.

Informative webinar on Current Japanese Economy Status and Business Opportunities held on 23 May 2025

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and Japan Chamber of Commerce and Industry (JCCI) held a webinar on “Current Japanese Economy Status and Business Opportunities” on 23 May 2025.

Moderated by Dr. Darson Chiu, CACCI Director General, the 60-minute webinar featured Mr. Kengo Nakayama, Senior Economist, Corporate Planning Division, Economic Research Office at MUFG Bank, Ltd., and Mr. Takeo Nakajima, Director-General, Innovation Department at Japan External Trade Organization (JETRO).

Mr. Peter McMullin AM, CACCI President delivered the Opening Remarks of the session, followed by Mr. Tetsuya Matsuoka, Deputy General Manager, International Division at Japan/ Tokyo Chamber of Commerce and Industry (JCCI/ TCCI) who delivered the Welcome Remarks.

Summary

Mr. McMullin warmly welcomed participants from across the region during his Opening Remarks. He highlighted CACCI’s representation of 27 countries in the Asia-Pacific and emphasized Japan’s significant role within this network.

Mr. McMullin underscored CACCI’s current strategic priorities—sustainability, entrepreneurship, and trade—collectively termed the “SET Agenda.” He noted that these themes are central to CACCI’s efforts to foster regional cooperation and economic development.

He closed his remarks with enthusiasm for the webinar’s content and the potential for it to deepen connections and collaboration among regional stakeholders.

In his Welcome Remarks, Mr. Matsuoka addressed the complex global economic environment, citing key challenges such as geopolitical risks, inflation, protectionist trade policies, and supply chain shifts.

He emphasized that although Japan’s economy is gradually improving, uncertainty remains—particularly due to unpredictable international trade dynamics. Nevertheless, he noted a strong uptick in foreign direct investment (FDI), which reached a record ¥50.5 trillion (approx. US$350.6 billion) by the end of 2023, with strong interest in manufacturing, green technology, and startups.

Mr. Matsuoka highlighted Japan’s transformation from a passive investment destination into a proactive partner for economic growth. He mentioned the Japanese government’s goal to double FDI to ¥100 trillion by 2030 and emphasized Japan’s tourism boom, with record-breaking visitor numbers in 2024.

In his presentation, Mr. Nakayama provided a detailed overview of Japan’s economic recovery and outlook.

As of early 2025, Japan’s real GDP grew by 1.6% year-on-year—an encouraging figure compared to its potential growth rate of below 1%. However, concerns loom over the rest of the year, particularly due to external risks like rising U.S. tariffs, which are expected to negatively affect exports, especially in key sectors such as automotive manufacturing.

MUFG forecasts a slowdown in GDP growth to 0.8% for the full year 2025, largely due to weakening external demand and declining capital investment.

Mr. Nakayama also analyzed internal structural challenges. On the demand side, Japan’s recovery has been driven mainly by exports, with personal consumption and private investment remaining subdued. Consumer sentiment is constrained by inflation—driven by food, energy, and a weak yen—despite wage growth.

On the supply side, labor shortages persist, caused by demographic shifts and a decline in labor force participation, especially among older workers. In addition, working hours have declined due to labor reforms and mandatory leave, which, while improving work-life balance, have limited labor supply growth.

Looking ahead, Mr. Nakayama emphasized that Japan faces two major headwinds: prolonged inflation and disruptive U.S. trade policies. Inflation remains above the Bank of Japan’s 2% target but is driven by volatile items like food and energy, with structural challenges limiting broad-based price increases. Moreover, global volatility caused by aggressive U.S. tariff policies—especially under a potential second Trump administration—could suppress Japanese exports and capital investment further. Nonetheless, positive signs include rising wages and nominal GDP growth. If these trends solidify, they could help shift Japan into a more sustainable growth phase.

 Key Takeaways:

• GDP Outlook Weakened: Despite a 1.6% growth in early 2025, MUFG forecasts Japan’s real GDP growth will slow to 0.8% due to declining exports and external policy uncertainties.
• Labor & Consumption Challenges: Persistent labor shortages and subdued personal consumption hinder recovery, with inflation and demographic shifts straining supply and demand.
• External Risks Intensifying: U.S. tariff policy and global economic uncertainty pose significant downside risks to Japan’s export-led economy and investment outlook.

For his part, Mr. Nakajima provided a Comprehensive overview of Japan’s growing attractiveness as a destination for FDIs, particularly in the context of innovation.

Emphasizing JETRO’s role in connecting Japanese and global economies, Mr. Nakajima detailed how Japan has evolved into a proactive and open partner for foreign investors. The agency’s four strategic pillars—innovation, overseas expansion of Japanese companies, promotion of agricultural exports, and economic research—support an integrated approach to global economic engagement.

Mr. Nakajima pointed out that Japan’s FDI stock has more than doubled in the past decade, with a notable increase in investment from Asia, driven by sectors like semiconductors, life sciences, and green tech. He explained that Japan’s large and wealthy consumer base, reliable infrastructure, and geopolitical stability make it an attractive alternative in a turbulent global landscape.

He also addressed challenges such as labor shortages but underscored the country’s consistent corporate profitability and its rise in global FDI confidence rankings, now fourth globally and first in Asia according to the 2025 Kearney Index.

JETRO supports foreign companies not only in establishing operations in Japan but also in forging business partnerships and entering collaborative innovation ecosystems. Mr. Nakajima highlighted recent success stories across Japan’s regional industry clusters, from Hokkaido to Kyushu, and emphasized JETRO’s ability to provide tailored support through its domestic and international offices.

He concluded by inviting interested parties to connect with JETRO for customized assistance in entering the Japanese market.

 Key Highlights:

• Japan’s FDI stock has grown from ¥23.8 trillion in 2014 to ¥53.8 trillion in 2023, with Asian investors accounting for a growing share.
• Foreign investors cite Japan’s market size, stability, and advanced infrastructure as key advantages.
• JETRO offers hands-on support for foreign firms, including matchmaking, local introductions, and regional investment facilitation across Japan.

The Panel Discussion, explored Japan’s evolving role in global investment and its economic resilience amid geopolitical challenges. Mr.  Nakajima emphasized that Japan’s rise in inward foreign direct investment (FDI) is not due to any single policy shift but the result of global companies seeking a stable and reliable economic base.

He attributed Japan’s appeal to its political and financial stability, affordable operating costs due in part to a weaker yen, and its strong existing ties with Asian economies. These factors have made Japan an increasingly attractive destination for investors from Asia and beyond.

In discussing the challenges to further boosting FDI, Mr. Nakajima identified Japan’s ongoing labor shortage as a major obstacle. He noted that foreign investors often find it difficult to scale operations due to insufficient local workforce availability. While Japan presents opportunities for skilled foreign professionals—especially in high-demand areas like AI, quantum computing, and autonomous vehicle technology—it does not currently offer generous incentive schemes compared to regional competitors like Vietnam.

This lack of incentives, combined with labor constraints, limits Japan’s competitiveness in attracting large-scale foreign projects.

The conversation also highlighted Japan’s need for greater international collaboration to address talent shortages and accelerate technological transformation. Mr. Nakajima encouraged skilled professionals from Asia, particularly those with engineering and advanced tech expertise, to consider Japan as a viable destination for work and innovation.

The panel underscored Japan’s dual approach: leveraging its strong global connections and economic stability to draw FDI, while gradually opening to foreign talent to address demographic and technological challenges.

Taking this opportunity, I would like to once again extend mysincere appreciation to Mr. Nakayama, and Mr. Nakajima for their very comprehensive and excellent presentations regarding Japan’s business and encouraged CACCI members and friends to maintain their engagement in CACCI activities.

The presentation files can be downloaded HERE.

Due to privacy considerations, the video recording of this webinar is not available for public viewing at the CACCI Youtube channel.

Become a sponsors of the 39th CACCI Conference in Colombo

CACCI is inviting members and friends to the 39th CACCI Conference, taking place on November 10-11, 2025, in the vibrant city of Colombo, Sri Lanka.

Hosted by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), this annual event will bring together top business leaders, policymakers, and entrepreneurs from across the Asia-Pacific region for two days of high-level dialogue, valuable networking, and powerful collaboration.

This year’s Conference promises a dynamic program of thought-provoking sessions, an engaging exhibition, and special networking events designed to foster connections and inspire innovation.

In addition to participating, we are pleased to offer you the opportunity to showcase your leadership and strengthen your visibility by joining us as a sponsor.

As a sponsor, you’ll enjoy exclusive benefits such as:

• Speaking opportunities during conference sessions;
• Complimentary registrations and hotel accommodations;
• Premium branding in event materials, online platforms, and on-site displays;
• Booth space at the conference expo; and
• VIP access and special recognition during the event.

CACCI has designed a range of sponsorship packages to suit your goals, from Platinum to Bronze tiers, each offering meaningful value and visibility. Full details are outlined in the attached sponsorship brochure. Download package HERE.

This is more than a conference—it’s your opportunity to connect with regional leaders, spotlight your organization, and contribute to shaping the future of business in Asia-Pacific.

We encourage you to confirm your interest as early as possible to maximize your exposure and secure the full range of sponsorship benefits as presented below.

For questions or to express your intent to sponsor or attend, please contact us at cacci@cacci.biz.

CACCI Deputy Director-General joins United Nations’ CoNGO Conference in Bangkok

On 25 April 2025, CACCI Deputy Director General Amador Honrado traveled to Bangkok to join the 2-day Conference of Non-Gonverment Organizations’ (NGOs) in Consultative Relationship with the United Nations (CoNGO). The 2-day conference comprised several meetings, presentations, and panel discussion of issues of great importance to CACCI and its members, some of which are explained as follows.

Background

The Conference of NGOs in Consultative Relationship with the United Nations (CoNGO) is an international organization of non-government organizations granted consultative status under the United Nations. Founded in 1948, CoNGO endorses the goals and values enshrined in the United Nations Charter, and is a strong advocate for multilateralism to resolve global political, environmental, health and other threats. It encourages NGOs around the world to cooperate with the United Nations to promote and support its work and to draw civil society into partnership with the world body. CACCI has been a member of CoNGO since 1981.

Launched in 2017, the CoNGO Regional Committee in Asia-Pacific (RCAP) aims to facilitate Asia-Pacific NGOs’ participation in all UN and CoNGO activities globally and regionally. It cooperates with UN ESCAP and other UN bodies and agencies in Asia and the Pacific, and promotes better cooperation among CoNGO members as well as other civil society organizations in Asia-Pacific.

CoNGO has organized an RCAP Session in the past seven years generously hosted by Siam University. These sessions provide members an opportunity to strengthen regional solidarity and understanding, to exchange experience in crucial Sustainable Development and related areas, and to build new and invigorating partnerships. RCAP meeting is always held during the week of the Plenary Session of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) to encourage accredited NGO attendance at both events. RCAP meets on the last days of ESCAP, when the main debates are over, and the plenary is adopting concluding resolutions.

The 2025 RCAP Meeting

This year the ESCAP Plenary took place on April 21-25, so RCAP met at Siam University on April 25 and April 26. The 2025 RCAP meeting had two main features: The first was an analysis of regional, national or local implementation by Asia-Pacific NGOs/CSOs of the Sustainable Development Goals that are up for review this year at the UN High Level Political Forum (HLPF) to be held in New York on. This year the HLPF theme is “Advancing sustainable, inclusive, science- and evidence-based solutions for the 2030 Agenda for Sustainable Development and its Sustainable Development Goals for leaving no one behind”.

For RCAP 2025, the theme focused on part of this title, namely “ADVANCING SUSTAINABLE, INCLUSIVE, SCIENCE- AND EVIDENCE-BASED SOLUTIONS FOR THE SUSTAINABLE DEVELOPMENT GOALS”. The five SDGs highlighted this year are SDG 3 (Good Health and Well-being); SDG 5 (Gender Equality); SDG 8 (Decent Work and Economic Growth); SDG 14 (Life below Water); and SDG 17 (Partnerships for the Goals).

Asia-Pacific NGOs/CSOs were invited to submit a report summarizing their implementation activities on all or any of the five SDGs mentioned above. The reports focused on illustrating, by on-the-ground examples, your organization’s experience, challenges and successes in “Advancing sustainable, inclusive, science- and evidence-based solutions for the Sustainable Development Goals”. The purpose of this exercise was to illustrate for other NGOs and for governments how national and local NGOs implement the SDGs.

The second feature of RCAP 2025 was an Open International Panel on the same subject, namely ADVANCING SUSTAINABLE, INCLUSIVE, SCIENCE- AND EVIDENCE-BASED SOLUTIONS FOR THE SDGs. The Panel was complementary to the written reports from grassroots perspectives, in that it covered academic, scientific and private sector research, and looked towards the future of the SDGs and the issues still to be resolved internationally and nationally to reach implementation by 2030.

The RCAP 2025 was attended by 24 representatives from 7 NGOs, including CACCI,

Taiwan Creative Economy Association, International Federation of Business and Professional Women, STUF United Fund, Taiwan Sport Forward Association, Soka Gakkai International, Environment and Development Organization, and Servas International.

Day One (April 25)

Day One of the 2025 RCAP meeting started with a pre-recorded video of the Welcome Statement by Pornchai Mongkhonvanit, President of Siam University. In his Statement, President Pornchai warmly welcomed the participants to Bangkok and to Siam University. He underscored the importance of RCAP for its role in facilitating Asia-Pacific NGOs’ participation in all UN and CoNGO activities globally and regionally, and in promoting stronger collaboration among CoNGO members as well as other civil society organizations in Asia-Pacific. He reiterated the continued strong support of Siam University in helping RCAP and CoNGO achieve these objectives, and offered the resources of the University in providing assistance to CoNGO members in their information exchange activities.

CoNGO First Vice President Cyril Ritchie thereafter delivered His Opening Statement. Mr. Ritchie first gave an overview of the history and general functions of RCAP in relation to CoNGO. He then outlined some of the sombre features that currently serve as a backdrop to Asia-Pacific civil society’s unending advocacy and activism towards achieving a more just world. These include the pervasive nature of sexism, harassment and violence against women in parliaments across the Asia-Pacific region, including an alarming increase in online gender-based violence. He also mentioned that the Asia-Pacific Region is not free of the authoritarianism that underpins governmental measures to limit civil society space, including to restrict freedoms of expression and of association. These factors affect in one way or another the implementation of – indeed the understanding of – the Sustainable Development Goals, Mr. Ritchie said.

However, he expressed his hopes that RCAP 2025 will help members move forward along paths of cooperation and implementation, and pledged CoNGO’s full engagement in members’ collective efforts to “achieve a more just world where no-one will be left behind.

The Opening Statement by Mr. Ritchie was followed by individual presentations of representatives who earlier submitted reports that illustrated their organization’s experience, challenges and successes in “Advancing sustainable, inclusive, science- and evidence-based solutions for the Sustainable Development Goals”. The presenting organizations included the following:

(a) CACCI – Deputy Director-General Amador Honrado reported on the Asia-Pacific Green Alliance (APAC-GA) Initiative of CACCI and the Singapore Manufacturing Federation which falls under SDG 17 (Partnerships for the Goals). Mr. Honrado reported that the APAC-GA is a response to the fragmented sustainability landscape that countries worldwide currently navigate, with many countries encountering diverse standards, regulations, and approaches towards sustainability. He said that this diversity, while reflective of local priorities and contexts, creates a significant challenge, especially for SMEs. APAC-GA’s vision and mission, therefore, is to unify sustainability reporting across the Asa-Pacific economies and to empower companies, particularly SMEs, with simplified actionable sustainability tools.

As part of efforts to promote the APAC-GA, CACCI President Peter McMullin AM commissioned a study aimed at getting a better understanding of the needs and challenges faced by SMEs in transitioning their businesses or organizations toward netzero goals. CACCI and SMF also jointly organized a webinar to introduce APAC-GA to CACCI member chambers – highlighting the benefits that they and their respective businesses can derive from their involvement in it – and to encourage them to take an active participation in the initiative.

(b) Soka Gakkai International – Representative to the UN Mr. Hiro Sakurai reported that the focus areas of work of Soka Gakkai International (SGI) include peace, disarmament, environment and sustainability, human rights education, gender equality and women’s empowerment and humanitarian relief.highlighted the engagement of in the implementation of SDGs 3 (Good Health and Well-being); SDG 5 (Gender Equality); and SDG 17 (Partnerships for the Goals). These include activities such as Combating Plastic Pollution in India, Online Cinema Series on Persons with Disabilities and their Families; Supporting Vulnerable Community Members in Singapore, Women-led initiatives in Japan, India, Singapore; Partnership for faith based organizations in Asia-Pacific region; and Partnerships for Risk Reduction in Asia-Pacific region, among others.

(c) The Pan-Pacific South East Asian Women’s Association – First Vice President Neelima Basnet explained that BPW International is one of the most influential international networks of business and professional women with affiliates in over 100 countries in five continents. Its members include influential women leaders, entrepreneurs, business owners, executives, professionals and young business and professional women. She reported on her organization’s various activities in various countries (Japan, Canada, Malaysia, Taiwan, Thailand, New Zealand, Fiji, USA, and Maui) in implementing SDG 3 (Good Health and Well-Being); SGD 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth); SDG 14 (Life Below Water); and SDG 17 (Partnerships for the Goals).

(d) Taiwan Sport Forward Association –Intern Ms. Maria Julian said that the Taiwan Sport Forward Association was established to support and empower disadvantaged children, young, and female athletes, and to promote gender equality in sports and sports diplomacy. Her presentation focused on the topic “What Sports Can Do for International Relationships”, highlighting how it impacts youth by bridging cultural gaps, language learning, cultivating empathy, building relationships, and creating change.

She also elaborated on how Taiwan Sport Forward Association (TSFA) is making global impact, for example through such activities aimed at empowering female athletes and implementing safe sports by keeping sports a safe environment for all. She also outlined what TSFS teaches to young athletes and how Taiwan can help in achieving the goals of safe sports in the broader Asa-Pacific region.

(e) STUF United Fund Asia Pacific Center – President Peter Lin gave explained that STUF United Fund is a non-profit organization registered in the U.S. that supports international charity work. With the core values of STUF (Share, Trust, Unity, and Family), the organization focuses on the areas of Disaster Relief, Culture and Education,

Public Health, and Environmental Protection. It supports projects around the world and aims to become an organization that helps consolidate and distribute resources to ensure a more powerful social impact. It encourages the corporate sector to participate in charity causes to jointly create more effective changes in the global society and encourage youth to join the global community’s efforts and activities for the betterment of society. Dr. Lin reported that in the past year, his organization has conducted various philanthropic projects and participated in United Nations-related activities, achieving remarkable results on a global scale.

Day Two (April 26)

Day Two opened with a Statement delivered via Zoom from New York from CoNGO President Mr. Liberato Bautista. Mr. Bautista outlined the history of RCAP, and its Terms of Reference, which is mainly to facilitate Asia-Pacific NGOs’ participation in all UN and CoNGO activities regionally and globally. He thanked the important role played by First Vice President Mr. Cyril Richie and Senior Associate Ms. Sheila Bordier in the functioning and activities of CoNGO and the RCAP, as well as the officers and staff of Siam University led by its President Mr. Pornchai Mongkhonvamit for regularly hosting the annual meeting of RCAP in Bangkok.

He further informed the meeting that his term as CoNGO President will end in October but he will remain committed to the objectives of CoNGO and RCAP and will extend his support to both whenever needed. He pointed out that the role of CoNGO is currently facing challenges in the face of evolving geo-political landscape and with multilateralism on a flax, undermining human rights and other areas of concern to CoNGO. He therefore called on CoNGO members, especially those in Asia-Pacific, to be more vigilant and to make their voices heard in UN bodies and agencies in the region.

Mr. Bautista’s Statement was followed by the Open International Panel that featured various presentations by RCAP representatives on the theme “Advancing Sustainable, Inclusive, Science- and Evidence-Based Solutions for the Sustainable Development Goal”. Their presentations covered the general themes of (a) academic, scientific, and private sector research and innovation, and (b) The future of SDG implementation towards the Agenda 2030 target.

The panel discussants included the following:

1. Ms. Clara Kwan, Chief Sustainability Officer, Singapore Manufacturing Federation, and in-charge of the Asia Pacific Green Alliance Initiative.
2. Ms. Chanita Rukspoolmuang, Vice President, Siam University.
3. Mr. Fred Chen, President Taiwan Creative Economy Association.
4. Ms. Lisa Fong, Representative to UNESCAP, International Federation of Business & Professional Women.
5. Mr. Peter Lin, Chairperson, STUF United Fund – Asia Pacific Center.
6. Mr. Hiro Sakurai – Representative to the UN, Director, Office for UN Affairs, New York, Soka Gakkai International.

After the Panel discussion, a closed meeting of the RCAP Steering Committee was held with Mr. Cyril Rithie presiding. The meeting mainly assessed the proceedings of the two-day event, and exchanged opinion on how to further improve on the meeting agenda as well as how to secure a more active and participative response from the attendees in future gatherings. Mr. Honrado was invited by Mr. Ritchie to participate in the meeting as an observer.

YEGAP Chairman Hiromi Aoki Appointed Vice Chairman for International Affairs of Japan YEG

CACCI is proud to announce that Hiromi Aoki, Chairman of Young Entrepreneurs Group of Asia-Pacific (YEGAP)—the young entrepreneurs arm of CACCI—has been appointed Vice Chairman for International Affairs of Japan YEG for the 2025–2026 term.

Japan YEG is the largest network of young entrepreneurs in Japan, with more than 32,000 members across the country. Each year, four Vice Chairmen are appointed to oversee major divisions: East District, Central District, West District, and International Affairs. Hiromi’s appointment recognizes his exceptional dedication to strengthening international cooperation and advancing opportunities for young entrepreneurs worldwide.

In his new role, Hiromi will lead Japan YEG’s international outreach, enhance collaboration with global organizations, and play a key role in fostering regional and global partnerships among the next generation of business leaders.

CACCI congratulates Hiromi on this significant achievement and looks forward to supporting him as he continues to build stronger connections for young entrepreneurs in the Asia-Pacific region and beyond.

Successful webinar on Pakistan’s Business Opportunities held 18 April 2025

The webinar on “Pakistan’s Business Opportunities,” co-organized by CACCI and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) was successfully held on 18 April 2025. The webinar showcased the country’s investment potential and ongoing economic reforms. Dr. Darson Chiu delivered the opening remarks in his capacity as Director General of CACCI, highlighting Pakistan’s strategic location, youthful population, and the importance of fostering regional cooperation through initiatives such as this webinar.

Here we present the summary of the presentations.

SUMMARY

(1) Atif Ikram Sheikh, FPCCI President

The main presentation was delivered by FPCCI President Atif Ikram Sheikh, who provided a comprehensive overview of Pakistan’s macroeconomic landscape and investment environment. He noted that Pakistan is on a positive growth trajectory, with the IMF forecasting a 2.5% GDP growth in 2024, driven by agriculture (+6.4%) and manufacturing (+3.3%), while services now contribute 58% to GDP. Exports are also on the rise, growing 11% year-on-year, with FDI inflows primarily from China, the UK, USA, UAE, and Switzerland.

Mr. Atik reported that Pakistan offers compelling investment advantages, including its geostrategic position linking Central Asia, the Middle East, and East Asia through initiatives like the Belt and Road Initiative and the China-Pakistan Economic Corridor (CPEC). He added that the country also boasts a young, digitally literate workforce—64% of its population is under 30. With liberal investment policies allowing 100% foreign ownership and legal protections under the Investment Promotion and Protection Acts, Pakistan has created a favorable climate for international investors.

Key sectors identified by Mr. Atif for foreign investment include agriculture and food processing, logistics, textiles, automobiles, information technology, housing and construction, tourism, and renewable energy. Special Economic Zones (SEZs), particularly those under CPEC, offer incentives like customs exemptions and tax holidays. Additionally, initiatives like the Special Investment Facilitation Council (SIFC) and the FPCCI provide streamlined support and one-window services to ease market entry and business operations, he added.

Key Takeaways:

• Pakistan offers 100% foreign ownership, tax incentives, and a young workforce in a strategic regional hub.
• Eight key sectors—ranging from agriculture to IT—are prioritized for investment with dedicated SEZ support.
• The SIFC and FPCCI act as facilitators, providing one-window support for foreign investors.

(2) Malik Sohail Hussein, FPCCI’s Coordination Chairman

Mr. Sohail Hussein presented a detailed and optimistic overview of Pakistan’s economic and investment landscape. Emphasizing the country’s large and youthful population of over 220 million, he highlighted Pakistan’s strategic location as a trade gateway between South Asia, Central Asia, the Middle East, and China. Pakistan’s economy is growing at a projected rate of 2.5% in 2024, with the services sector comprising 58% of GDP, followed by agriculture and industry.

He noted an 11% rise in exports, with key sectors including textiles, IT services, food, and sports goods. Inflation is under control and foreign investment is increasing from countries such as China, the UK, and the USA. Hussein underscored the significance of the recent Mines and Minerals Conference, which attracted participants from 98 countries and led to significant agreements, including the landmark Reko Diq project.

He stressed Pakistan’s welcoming investment climate, including 100% foreign ownership in most sectors, legal protections for investors, and the ability to repatriate profits freely. Special Economic Zones offer tax breaks and duty-free imports, with opportunities in sectors such as agriculture, IT, logistics, tourism, renewable energy, and healthcare.

Mr. Malik pointed out that the country’s trade advantages are further supported by its GSP+ status with the EU and participation in the Belt and Road Initiative. He also highlighted FPCCI’s active role in facilitating investments through the Special Investment Facilitation Council (SIFC), provincial investment boards, and one-window operations led by the Prime Minister. He emphasized FPCCI’s ongoing support for foreign investors, its collaboration with international chambers like CACCI and ICCIA, and its active global outreach through roadshows and delegations, including an upcoming visit to the USA.

Mr. Malik also elaborated on FPCCI’s best practices in chamber management, digital transformation, policy advocacy, business support, and global networking efforts that help integrate Pakistani businesses into the international trade ecosystem.

Key takeaways:

• Pakistan offers 100% foreign ownership, tax breaks, and special investment zones with no capital restrictions, making it highly investor-friendly.
• Key sectors for investment include agriculture, IT, logistics, minerals, tourism, and healthcare, backed by a growing economy and trade incentives.
• FPCCI actively supports foreign investors through the Special Investment Facilitation Council, global networking, and investment facilitation services.

(3) Q&A session

Moderated by Mr. Mig Moreno, CACCI Deputy Director General, the Q&A session provided deeper insights into Pakistan’s investment landscape and sectoral strengths. Mr. Malik shared that the UK and Switzerland are primarily investing in Pakistan’s energy sector, infrastructure, construction, education, tourism, healthcare, and food and agriculture.

On the question of repatriation of profits, Mr. Atif emphasized that foreign investors are protected by a sovereign guarantee from the government and supported by the Special Investment Facilitation Council (SIFC), with additional facilitation from FPCCI. In response to interest in renewable energy and electric vehicles (EVs), Mr. Malik highlighted Pakistan’s commitment to green energy, noting active participation from Chinese, Korean, and U.S. companies. Sheikh added that Pakistan has a current generation capacity of 45,000 MW—well above the domestic requirement of 30,000 MW—creating a surplus they plan to export in the future.

Addressing law and order concerns, Mr. Atif assured participants that the country’s industrial and business environment is peaceful and increasingly welcoming to international visitors and investors. On the matter of recent U.S. tariff hikes, he clarified that due to Pakistan’s limited imports and strong export orientation, especially in textiles, the impact would be minimal.

Lastly, Mr. Malik identified five key sectors poised for growth over the next three years: mines and minerals, tourism (including health and religious tourism), agriculture, IT, and construction and housing, citing Pakistan’s untapped natural wealth, scenic geography, and food production potential.

Key Takeaways:

• UK and Switzerland invest heavily in energy, infrastructure, and hospitality sectors in Pakistan.
• Pakistan offers sovereign guarantees and facilitation for repatriation and investment security.
• Mines & minerals, tourism, agriculture, IT, and construction are the top growth sectors for the next three years.

Copies of the presentations were sent to the participants.

The video recording of the webinar can be viewed at the CACCI YouTube HERE.

CACCI Presidential Visit to Melbourne in 1-4 September 2025

CACCI is inviting members to join CACCI President Mr. Peter McMullin AM on his Presidential Visit to Melbourne, Australia scheduled to take place on September 1-4, 2025.

As you may know, the CACCI Presidential visit aims to provide the CACCI President and members of his delegation the opportunity to gather first-hand information on the business situation in the host country; to further build up the image of CACCI by making courtesy calls on officials of relevant government agencies of the host country, and to meet with local businesspersons and explore opportunities for possible business cooperation.

The Melbourne visit will happen simultaneously with the 14^th World Chambers Congress (14WCC) being organized by the ICC World Chambers Federation (ICC WCF) on September 2-4. The 14WCC brings together economic actors, business leaders and policymakers from around the world to spur change through dialogue and cooperation. Co-organized by ICC WCF and the Victorian Chamber of Commerce and Industry (VCCI), the 14WCC will focus on the theme “Business, chambers, government: Partners for prosperity” and will address shared global challenges such as international trade, geopolitical disruptions, investment-readiness, sustainable energy transition, innovation and digital transformation.

Tentative Program 1 September 2025:
The first day of the Presidential Visit to Melbourne can be viewed below.

Tentative Program 2-4 September 20205:
CACCI delegates will take part in the 14th World Chambers Congress at the Melbourne Convention and Exhibition Centre. Co-organized by the International Chamber of Commerce (ICC), its World Chambers Federation (WCF), and VCCI, the Congress will focus on the theme “Business, Chambers, Government: Partners for Prosperity.” Key topics include international trade, digital transformation, sustainable development, and global cooperation.

The program of the 14WCC on September 2-4 can be accessed through the following link: (Programme | 14WCC), now live on the official 14WCC website. Registration procedure, hotel accommodation, and other relevant information may be obtained through this link.

Participation in both the CACCI Presidential Visit and the 14WCC is strongly encouraged. This joint program offers an exceptional platform for networking, knowledge exchange, and strategic collaboration. Capacity is limited to 40 participants for the Presidential Visit segment, so members are encouraged to confirm their interest early. We look forward to welcoming you to Melbourne for this important gathering!

Updates will be sent to all members once these are available. In the meantime, if you have further questions, please write to cacci@cacci.biz.

Proposed Program – Monday, 1 September 2025
CACCI Presidential Visit to Melbourne, Australia

9.30am Courtesy call with Victorian Chamber Chief Executive Paul Guerra and senior staff at Victorian Chamber Headquarters on Collins Street in Melbourne.
10.15am: Travel

10.30am: Meeting with senior Victorian Government representatives at Global Victoria’s Investment Centre on Collins Street in Melbourne, including relevant Minister (TBA).
11.15am: Travel

11.30pm: Tour of a Victorian Chamber member site, such as Bendigo Kangan’s Automotive Centre of Excellence or the Cremorne Digital Hub.
12.30pm: Travel

12.45pm: Boardroom lunch hosted at a Victorian Chamber corporate member (such as a law firm or bank).
2.15pm: Travel

2.45pm: Tour of the Melbourne Cricket Ground.
3.45pm: Travel

4.15pm: Networking event/happy hour with entrepreneur group from Australia, CACCI, India and other areas/countries at a Melbourne venue.

Optional extra (early morning): Visit to renewable energy investment-ready site.

Webinar on Pakistan’s Business Opportunities on 18 April 2025

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is inviting members and friends to participate in the webinar on “Pakistan’s Business Opportunities” to be held on 18 April 2025 at 2PM Taipei time / 11AM Pakistan time.

Jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and CACCI, the 60-minute webinar features Mr. Atif Ikram Sheikh, current President of FPCCI and Chief Executive of the Mujahid Group of Industries.

Mr. Atif Ikram Sheik will explain the current economic environment in Pakistan and the business and investment opportunities the country offers.

We encourage business people, investors and bankers to join the webinar to gain insights into the business opportunities and investment prospects in the Pakistan market.

Agenda

2:00PM Opening Remarks by Moderator (To be advised)

2:03PM Welcome Address by Mr. Atif Ikram Sheikh, FPCCI President

2:05PM Presentation by Mr. Atif Ikram Sheikh, FPCCI President:

• Economic and Business Environment of Pakistan including trade and investment potentials
• Introduction of Investment Facilitation Organizations of Pakistan.
• FPCCI activities and best practices in chamber management and its international affiliations and networking

2:35PM Video showing on Investment climate in Pakistan.

2:40PM Q&A.

3:00PM Closing Remarks.

 To join the webinar, please register HERE.

YEGAP Executive Committee Holds First Meeting

Following the signing of the Memorandum of Agreement (MoA) between YEGAP and YEAB, the YEGAP Executive Committee held its first meeting on January 22, 2025. Chaired by Hiromi Aoki, the meeting welcomed CACCI President and YEGAP Advisory Council Chair Peter McMullin AM, Immediate Past YEGAP Chair Rommel Gerodias, and the newly appointed Executive Committee members.

Hiromi introduced the theme for his term, “One Asia, One Family,” emphasizing unity and collaboration to drive entrepreneurial growth. The Executive Committee includes:

• Executive Vice Chair: John Tran (Vietnam)
• Vice Chairs: Khulan Davaadorj (Mongolia), Michael Lim (Australia), Aries Balanay (Philippines), Goh Chai Li (Brunei), Jay Thian (Taiwan), and Ekaterina Ueda (Japan)
• Members: Jacob Park (Korea), Lorenz Dela (Philippines), Yasuaki Nanba (Japan)

Key discussions focused on setting 2025 priorities, appointing committee heads, and planning initiatives like networking events, training programs, and advocacy efforts. The committee is committed to realizing the vision of “One Asia, One Family” and fostering opportunities for young entrepreneurs across the region.

YEGAP & YEAB Join Forces to Empower Young Entrepreneurs

The Young Entrepreneurs Group of Asia Pacific (YEGAP) and the Young Entrepreneurs Association of Brunei (YEAB) have signed a Memorandum of Agreement (MoA) to strengthen collaboration and support young entrepreneurs across the Asia-Pacific region.

Signed during a virtual ceremony on January 22, 2025, by YEGAP Chairman Hiromi Aoki and YEAB President Goh Chai Li, the partnership aims to promote innovation, foster collaboration, and provide valuable opportunities for entrepreneurial growth.

This collaboration marks a new chapter in empowering young entrepreneurs with resources, networks, and leadership opportunities. Stay tuned for upcoming initiatives!

YEGAP and YEAC Sign Memorandum of Agreement to Strengthen Support for Young Entrepreneurs

On March 11, 2025, the Young Entrepreneurs Group of Asia-Pacific (YEGAP) and the Young Entrepreneurs Association of Cambodia (YEAC) officially signed a Memorandum of Agreement (MoA) in a virtual ceremony. This partnership aims to foster greater collaboration among young entrepreneurs across the Asia-Pacific region and beyond.

The signing ceremony was attended by key representatives, including YEGAP Chair Mr. Hiromi Aoki and YEAC Vice President Mr. Lay Kimsuor. The MoA outlines the shared commitment to building a supportive, interconnected business community through capacity-building, networking, and joint initiatives.

This partnership reflects YEGAP’s vision of “One Asia, One Family,” creating a network where young entrepreneurs can connect, collaborate, and thrive. Both organizations are excited to work together and look forward to the opportunities this partnership will bring to young entrepreneurs in the region.

After the ceremony, the signed MoAs were consolidated and shared with both parties for further action.

We look forward to sharing more about the upcoming opportunities and initiatives that this partnership will bring to young entrepreneurs across the region.

CACCI Director General delivers Opening Remarks at 2025 Asia Connect Forum

The Asia Connect Forum brought together industry leaders, innovators, and professionals to foster collaboration, share insights, and explore new opportunities across the region. CACCI Director General Darson Chiu delivered the opening remarks, setting the tone for a day of thought-provoking discussions. A welcome video by CACCI President Peter McMullin AM was also featured, offering a warm introduction to the forum’s goals and objectives.

The keynote address was delivered by Ambassador Adel Althaidi, representative of the Saudi Arabian Trade Office in Taipei, providing valuable perspectives on fostering international trade and cross-border partnerships.

The event was organized by the Foundation for Commerce and Culture Interchange (FCCI), and moderated by FCCI President and CACCI Asian ICT Council Chairman Dr. Dennis Hu. CACCI served as a co-organizer of the event.

The forum provided a valuable platform for networking and exchange on emerging trends, sustainable practices, and cross-border collaboration, offering participants the opportunity to engage with key players in the industry.

Excellent webinar of the Asia Pacific Green Alliance on Sustainability for SMEs

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the Singapore Manufacturing Federation (SMF) held a webinar on “The Green Alliance: Latest Developments”, on 26 February 2025.

Moderated by Michael Lim, Founder, Launch Hero Digital Marketing Agency and Member, Executive Committee of the Young Entrepreneurs Group of Asia-Pacific (YEGAP), the 60-minute webinar featured Clara Kwan, SMF Sustainability Officer, in a panel conversation with two other distinguished guests, Lennon Tan, SMF President and CACCI Vice President for Sustainability, and Stuart Thomson, Co-Founder and Executive Director, Good Business Foundation ad CACCI Vice President for Entrepreneurship.

SUMMARY

Mr. Tan opened the session by sharing a personal anecdote from 2021, when he learned about Singapore’s high per capita waste generation during a panel discussion. This experience highlighted the urgent need for businesses, particularly SMEs, to adopt sustainability practices, he said.

He noted that multinational corporations (MNCs) in Singapore have begun enforcing ESG requirements within their supply chains, warning SMEs that do not comply could result in exclusion from global supply chains.

Recognizing the challenges SMEs face in meeting stringent Western ESG standards, Mr. Tan said he decided to create the Asia Pacific Green Alliance (APGA). Established to drive sustainable business practices, foster green innovation, and set a common benchmark for corporate sustainability, APGA was officially launched on November 12, 2024, by Singapore’s Senior Minister of State, Desmond Tan during th 38^th CACCI Conference held in the city-state.

Ms. Kwan provided an in-depth overview of the APGA, detailing its mission, structure, and the value it brings to businesses. She outlined APGA’s founding members, which include the SMF, the Singapore Business Federation, ISCA (The Institute of Singapore Chartered Accountants), GS1 Singapore, and the Singapore International Chamber of Commerce, among others. She emphasized the alliance’s commitment to providing actionable sustainability tools and advocating for Asia Pacific priorities on the global stage.

During the discussion, the following points were highlighted:

(1) Key Objectives and Framework of APGA

APGA operates in four main areas:

1. Standards and Certification: Establishing a unified sustainability reporting standard for the region and a tiered certification system (Bronze, Silver, and Gold) to recognize corporate sustainability efforts.
2. Support and Guidance: Offering sustainability guidance, analysis, and consulting services to help companies develop ESG strategies tailored to their business models.
3. Education and Training: Providing international, regional, and localized training on ESG standards, certifications, and best practices.
4. Advocacy and Networking: Partnering with industry bodies, governments, and NGOs to amplify Asia Pacific’s voice in global sustainability discussions.

Ms. Kwan highlighted the increasing regulatory pressures and consumer demand for sustainable products. She presented a timeline illustrating how various Asia Pacific economies are progressively introducing ESG regulations. She stressed the importance of early adoption to avoid a last-minute scramble when sustainability compliance becomes mandatory.

(2) The APGA Certification System

The APGA certification system categorizes companies into three tiers based on their sustainability performance:

• Bronze: Recognizing companies that have initiated basic sustainability efforts.
• Silver: Awarded to companies integrating sustainability into their business operations with measurable goals.
• Gold: Reserved for companies demonstrating sustained leadership in ESG over several years.

The evaluation process considers factors across three key ESG pillars:

• Environment: Policies on environmental protection, sustainable design, and energy savings.
• Social: Diversity, employee education, and healthcare benefits.
• Governance: Accountability and transparency in management.

APGA also acknowledges existing ESG certifications (e.g., Green Mark, ISO standards) in its assessment, ensuring companies’ prior sustainability efforts are recognized.

(3) Case Study: Schneider Electric

To illustrate sustainability leadership, Ms. Kwan presented Schneider Electric’s achievements, including its ambitious carbon reduction targets and its “Zero Carbon Project,” which aims to cut emissions from its top 1,000 suppliers by 50%. These efforts earned Schneider Electric the title of “Most Sustainable Company in the World” in 2024, demonstrating the long-term value of sustainability in business.

(4) APGA Marketplace and Business Opportunities

Beyond certification, APGA provides a marketplace for sustainable products and services, facilitating cross-border trade among certified companies. By joining APGA, businesses gain visibility, credibility, and access to international markets seeking verified sustainable partners.

(5) Collaboration with Chambers of Commerce

APGA offers chambers of commerce a structured approach to support their members’ sustainability journeys. Through a three-step process, chambers can:

1. Access APGA’s sustainability tools, training workshops, and resources.
2. Implement local sustainability standards using APGA’s methodology.
3. Support member companies in obtaining APGA certification, enhancing their global competitiveness.

(6) Exclusive Membership Offer for Chambers

To encourage participation, APGA introduced a limited-time membership offer for chambers of commerce: a three-year membership at $10,000 (a 33% discount), including premium branding, early access to sustainability tools, and opportunities for policy engagement.

(7) Presentation’s conclusion

Ms. Kwan closed the session by emphasizing the importance of collective action in driving sustainable business transformation. She invited chambers and SMEs to join APGA, take advantage of its tools, and contribute to shaping the future of sustainability in the Asia Pacific region.

Ms. Kwan’s presentation was followed by a panel discussion that elaborated on some of the points explained during the main presentation. The workshop concluded with an interactive Q&A, where participants raised practical questions.

(8) Moderated by Lim, the panel discussion section, featured three speakers, Mr. Thompson, Mr. Tan, and Ms. Kwan. The key issues discussed during their discussion are summarized as as follows:

(a) Mr. Thompson highlighted the following points:

• Entrepreneurial Perspective on Sustainability: Entrepreneurs recognize the importance of sustainability, despite global uncertainties. Younger entrepreneurs, in particular, see sustainability as a long-term business opportunity.
• Challenges for SMEs: Identified a “missing middle” of SMEs that lack adequate support, incentives, and resources to transition towards sustainable business practices.
• Key Findings from CACCI’s Study:
  (a) SMEs need better policy support, funding, and tax incentives, (b) Some industries (e.g., high-energy and manufacturing) face greater sustainability challenges, and (c) businesses prefer peer networks over external consultants for sustainability guidance.
• Blended Finance Solutions: Businesses require structured financial support, such as tax incentives, certification benefits, and subsidized loans to transition to sustainable practices.

(b) Mr. Tan discussed the following points:

• Sustainability as ROI, Not Just Cost
  Lennon emphasized a shift in perspective – sustainability is no longer just an expense but an investment with measurable returns. Companies that integrate sustainability can reduce costs and improve profitability.
• Case Studies Demonstrating Business Benefits
  He highlighted real-world examples, such as Apple reducing packaging waste, Unilever saving $1.2 billion through sustainability efforts, Tesla’s brand loyalty due to its green initiatives, and TSMC leading in sustainable semiconductor manufacturing.
• Sustainability as a Competitive Advantage
  Companies that prioritize sustainability position themselves better in the market. Firms like TSMC gain partnerships with top tech brands because of their strong ESG credentials.
• The Need for Clear Carbon Credit Frameworks
  In response to a question on carbon tokenization, Lennon pointed out that global carbon credit systems are still evolving, with different countries recognizing different standards. Businesses must align with accredited frameworks.
• Collaboration is Essential for Progress
  He stressed that organizations like APGA (Asia Pacific Green Alliance) are available to support businesses and chambers in taking meaningful sustainability steps. Partnering with associations can accelerate sustainability efforts.
• Call to Action for Chambers of Commerce
  Lennon concluded the discussion by urging chambers to take an active role in sustainability. He encouraged continued dialogue, collaboration, and leveraging APGA’s resources to make sustainability actionable and impactful.

(c) Ms. Kwan stressed the following:

• Chambers of Commerce as Enablers: Chambers can play a crucial role in supporting businesses with sustainability initiatives but often lack resources and expertise.
• Collaboration with APGA: APGA is partnering with chambers in Singapore to provide sustainability solutions, including workshops on carbon tracking and regulatory compliance.
• Tailored Support: Encouraged chambers to poll members on their sustainability needs and offer targeted workshops and guidance based on their readiness and business size.
• Marketing Potential: Even large businesses can leverage chambers for sustainability credentials to enhance their market positioning and international expansion.

The webinar session ended with Mr. Tan’s Closing Remarks inviting CACCI members and individual companies, especially SMEs, to contact the Asia Pacific Green Alliance and join the sustainability movement.

The presentation file can be downloaded HERE.

“ICC One Click webinar with CACCI members” on 27 March 2025 at 3PM Taipei time

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) would like to invite you to join the upcoming webinar hosted by the International Chamber of Commerce (ICC) on ICC One Click scheduled for 27 March 2025 at 3:00 pm Taipei time.

Presented by Stephanie Vieilledent, Head of Chamber Relations at ICC, and Charly Gordon, Lead Innovation Lab • Transformation at ICC, the 60-minute webinar will introduce ICC One Click, the gateway to trade tools, solutions and guides to export and grow globally. The webinar will explain how to use ICC One Click on members’ websites and introduce its benefits to members.

We cordially invite all CACCI members to join the webinar and explore this new resource to improve your business operations.

To join the webinar in Teams, please click below:

ICC One Click webinar

Meeting ID : 357 328 017 474

Password: qF3dz9qF

39th CACCI Conference in Sri Lanka on 10-11 November 2025

CACCI is pleased to announce that the 39th CACCI Conference will take place on November 10-11, 2025, at Cinnamon Life Hotel in Colombo, Sri Lanka.

Bringing together business leaders, policymakers, and industry experts from across the region, the conference will serve as a platform for dialogue on key economic trends, trade opportunities, and business collaboration. Participants can look forward to insightful discussions, networking sessions, and strategic partnerships aimed at driving regional growth.

Further details on the program and registration will be shared in the coming months. Stay tuned for updates!

CACCI and SMF Leaders Meet in Singapore

CACCI Vice President for Entrepreneurship Stuart Thomson (second from right) visited Singapore on February 26, where he met with Singapore Manufacturing Federation (SMF) President and CACCI Vice President for Sustainability Lennon Tan (third from right), along with SMF Council Members and staff.

CACCI Engages in Key Discussions at 44th Japan YEG National Convention

At the 44th Japan YEG National Convention in Kurume, Fukuoka, CACCI Senior Officers Teresa Liu and Abby Moreno participated in the Joint Chairperson Meeting, where Liu shared CACCI’s insights on the role of youth economic organizations. She highlighted the need to amplify young entrepreneurs’ voices, enhance skills through mentorship and training, and strengthen cross-border business networks, sparking discussions on deeper international collaboration.

CACCI was also formally introduced at the Convention Ceremony and took part in networking events, including a Welcome Party hosted by YEGAP Chairman Hiromi Aoki. Aoki later engaged in a Q&A session with economic journalist Shinichiro Suda, discussing Japan’s economic landscape and the role of young business leaders.

The convention reinforced CACCI’s ties with Japan YEG and other business groups, paving the way for future collaboration. The 45th Japan YEG National Convention will take place in Gunma Prefecture on February 24-28, 2026.

Asia Pacific Green Alliance webinar on 26 February 2025 at 2PM Singapore time

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the Singapore Manufacturing Federation (SMF) are inviting members, and friends to join the upcoming webinar on “The Green Alliance: Latest Developments”, scheduled for 26 February 2025 at 2 PM Singapore time.

The 60-minute webinar, presented in a panel discussion format, will elaborate on the latest developments in the Asia Pacific Green Alliance (APGA) – a regional initiative led by SMF aimed at helping small and medium enterprises (SMEs) embark on their sustainability transformation through best practice sharing, standards development, advisory support and industry recognition while collectively striving towards a net-zero future and preparing for Industry 5.0.

ISSUES TO BE DISCUSSED

• Latest APGA Developments: Updates on sustainability certification, industry collaborations, and business support initiatives.
• How SMEs Can Benefit: Practical steps for SMEs to integrate sustainability into their business strategies.
• Challenges & Opportunities in Sustainability: Addressing key barriers such as cost, knowledge gaps, and supply chain requirements.
• The Role of National Chambers: How business chambers can support SMEs in their sustainability journey.

AGENDA

14:00 Opening Remarks by Peter McMullin AM.
14:02 Panel Discussion moderated by Michael Lim (Entrepreneur).
Panelists: (1) Peter McMullin AM, CACCI President; (2) Lennon Tan, SMF President, (3) Stuart Thomson, CACCI VP & Good Business Foundation President; and (4) Clara Kwan, SMF Chief Sustainability Officer.
14:40 Q&A session.
14:59 Closing Remarks by Peter McMullin AM.
15:00 End of webinar.

Register in Zoom HERE.

For more details about The Green Alliance Initiative, please click HERE.

14th World Chambers Congress in Melbourne on 2-4 September 2025

The 14th World Chambers Congress will be held at the Melbourne Convention and Exhibition Centre in Melbourne, Australia on 2-4 September 2025. The event is the largest and only international forum that enables chamber leaders and professionals to share best practices, exchange insights, develop networks, address the latest business issues affecting their communities, and learn about new areas of innovation from chambers around the world.

The theme of its 14th edition, “Business, chambers, government: Partners for prosperity”, will explore how fostering collaboration among businesses, chambers of commerce, and governments can drive economic growth and prosperity.

Uniting more than 1,000+ business, chamber and political leaders from 100+ countries, the Congress is an ideal platform to connect public and private sector voices. Participants will also discuss the potential that mega trends in our economic landscape present and how we can leverage them for societal gain.

For more information visit https://wcc.iccwbo.org/ and contact info@14wcc.au

Successful 38th CACCI Conference in Singapore

Dear Friends,

What a great CACCI Conference it was in Singapore this month! My thanks to CACCI Vice President for Sustainability Mr. Lennon Tan and his team at the Singapore Manufacturing Federation (SMF) for hosting this important event. My thanks also to the CACCI Secretariat for their hard work in making this important event happen. During the conference, I was humbled and honoured to be re-elected as CACCI President for the second term. It is indeed a privilege to lead such an impressive organisation with so much potential.

I will continue my Presidency under the theme of ‘Helping business get SET for the future’:

Sustainability: I look forward to continuing to support SMEs to reach NetZero as soon as possible. As you know we conducted a recent study under my direction across our 10 member countries to find out more about the opportunities and challenges facing SMEs in making the transition. During the conference in Singapore, we also officially launched the APAC Green Alliance headed up by my VP – Sustainability, Mr Lennon Tan and his team from Singapore.

Entrepreneurship: This will have a renewed focus over the next two years. We have a vibrant young entrepreneurs arm across our member countries — the Young Entrepreneurs Group of Asia-Pacific (YEGAP). During the conference, Mr. Hiromi Aoki was installed as the new YEGAP Chair. I look forward to working with Hiromi and his team as we renew and strengthen leadership within the CACCI network.

Trade: A key pillar of every chamber network and a large reason why I joined this important movement. I will also be talking about another ‘T’, and that is transition. Transition to a sustainable and just economy will only occur if SMEs are seriously engaged in this work. I will be using my position to talk about the transition needed also within the Chamber network, building upon our core business models and our central values.

Now the work begins afresh. I look forward to working with you all in making CACCI the best it can possibly be.

Yours sincerely,

Peter McMullin AM

Mr. Stuart Thomson appointed CACCI Vice President

CACCI has the pleasure to announce the appointment of Mr. Stuart Thomson, Co-Founder and Executive Director, Good Business Foundation and Chief of Staff, CACCI President’s Office, as Vice President of CACCI. Mr. Thomson’s appointment to the position has the endorsement of the Australian Chamber of Commerce and Industry to represent the Oceania region of CACCI’s geographical membership.

CACCI President Peter McMullin AM said that “given Mr. Thomson’s leadership experience in many organizations, I am confident that he will be in the best position to assist me in implementing activities under my platform as CACCI President for the next two years of “Helping Business get SET for the Future”.”

Besides supporting Mr. Thompson’s appointment, President McMullin AM expressed his intention to  continue relying on Stuart Thompson in his effort to promote the critical role of entrepreneurship and entrepreneurial thinking among CACCI members – especially the Young Entrepreneurs Group of Asia Pacific (YEGAP) and the CACCI Women Entrepreneurs Council (CWEC) – over the next two years of his incumbency.

President McMullin also hopes that CACCI members will provide Mr. Thomson – and other CACCI Vice Presidents – continued support and cooperation in his effort to make CACCI an effective forum for advancing the cause of the Asian business community and for promoting regional economic cooperation among members.

Three Training Seminars on International Trade Terms for Spring 2025

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is proposing to organize Spring 2025 Training Sessions – in cooperation with interested Primary and Affiliate Members – consisting of three different one-day training seminars on International Trade Terms 2020 (Incoterms 2020) and related themes.

The three proposed one-day seminars are on:

(1) New Revision of the International Trade Terms (one day)
What you need to know to make your international trade deal successful based on Contract of Sale and ICC Rules Incoterms 2020

(2) Advanced Seminar on payment and security instruments in foreign trade, receivable finance, ESG and Compliance (one day)
Getting familiar with international payment and security conditions, risk, costs and their documentary requirements, including a session on compliance with focus on dual use goods, sanctions, and ESG aspects.

(3) Advanced seminar on INCOTERMS 2020 and their linkage to documentary credits (one day)
New information about use of Incoterms 2020 in relation to standard documentation and payments conditions above all documentary credits.

As the Incoterms 2020 practices continue to be updated continually since its inception in January 1, 2020, being familiar with all developments and their impact is a must in the international trade and finance world.

Interested chambers can choose from the suggested topics and preferably organize at least  two one-day courses. The programs can be adjusted according to the Chamber’s needs. For instance, there could be more comprehensive one-day course just on documentary credits and their financing, with news on some practical issues. New topics can be added or some can be deleted, more time can be allocated to practical case studies and discussions.

By attending the seminars, participants will be able to:

(1) Get a further understanding on the main aspects of contract of sale, related risks, main problematic issues;

(2) Familiarize themselves with trade terms as per Incoterms and above all with new revision Incoterms 2020 – their practical impact on international trade and finance; and

(3) Learn about the relationship of payment terms to trade terms – Incoterms 2020 and more.

CACCI recommends these training courses to bankers in trade finance, corporate specialists dealing with import/exports, bank lawyers, auditors, middle level management and related positions.

THE TRAINER

The seminars will be conducted by Mr. Pavel Andrle, long time members of the Banking Commission and Commission of Commercial Law and Practice of ICC, Trade Finance Trainer and Consultant.

In this regard, we would like to know whether your Chamber is interested in hosting the proposed seminars under a cost-sharing arrangement as outlined Shared Responsibilities Agreement which can be accessed per below.

If so, kindly fill out the Response Form and return it to us through our Fax No.: (886 2) 2760-7569 or e-mail cacci@cacci.biz by 30 April 2025.

To make Mr. Andrle’s training itinerary in Asia more efficient, CACCI is recommending that interested Chambers select holding the programs on either of the following two periods: (1) The week of May 5-9,  and (2) the week of May 19-23. Some Chambers have already booked certain dates.

The three seminars’ syllabus, Mr. Pavel’s resume, Shared Responsibilities Agreement and Response Form can be downloaded HERE.

Dr. Asli Elif Tanugur Samanci wins CACCI’s 4th Asia-Pacific Woman Entrepreneur Award

During the Gala Dinner of the 38th CACCI Conference held in Singapore on November 11-12, 2024, Dr. Asli Elif Tanugur Samanci, Co-Founder & General Manager, SBS Bilimsel Bio Cozumler San. Tuc. A.S. (Turkiye) accepted the 4th Asia-Pacific Entrepreneur Award from Mr. Chang and members of the Board of Judges Mr. Rommel Gerodias, President of A101 Innovations and Outgoing YEGAP Chairman, and Ms. Khulan Dhavaadorj, Founder and Director of Lhamour and Member, YEGAP Executive Committee.

Morang Chamber of Nepal wins CACCI’s 10th Big Chamber Award

During the Gala Dinner of the 38th CACCI Conference held in Singapore on November 11-12, 2024, the Chamber of Industries Morang of Nepal was awarded CACCI’s 10th Local Chamber Award.

Representatives from the Chamber of Industries-Morang accepted the Award from CACCI Advisory Board Chairman Mr. Harvey Chang and the members of the Board of Judges; Mr. Ernest Yuen, CACCI Vice President and Chairman of the Kowloon Chamber of Commerce , and Mr. Kazuo Nishitani, Executive Director of the Japan Chamber of Commerce and Industry.

CACCI Planning Meeting To Kick Off 39th Conference Preparations

CACCI will hold its Planning Committee Meeting on February 12, 2025, at 2:00 PM Taipei time (11:30 AM Sri Lanka time). This meeting marks the launch of preparations for the 39th CACCI Conference, set to take place in Colombo, Sri Lanka, and to be hosted by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL).

The Committee will finalize key details such as the conference theme, agenda, speakers, and program format to ensure the success of this milestone event. The conference will bring together business leaders and stakeholders from across the Asia-Pacific to address pressing regional issues and opportunities.

Further updates will follow as plans progress. For more information, please feel free to contact the CACCI Secretariat at cacci@cacci.biz.

2024 CACCI Annual Report available

CACCI is pleased to share with all our members and friends our Annual Report for 2024, which has been a year of significant achievements as we continued working toward our vision.

The CACCI Annual Report 2024 provides an overview of our activities, achievements, and initiatives over the past year, highlighting the hard work and dedication invested in supporting our regional community, advancing businesses, and creating new opportunities for growth and collaboration. We invite you to read the report, celebrate our collective accomplishments, and review the goals we have set for the year ahead.

Looking ahead, numerous exciting opportunities await our Confederation. I look forward to working together with you to chart a course for the future. To download the PDF file, please click HERE.

CACCI VP Atif Ikram Sheikh Hosts Tajikistan Delegation

A high-profile Tajikistan delegation, led by H.E. Mr. Daler Juma, Minister for Energy, met with Mr. Atif Ikram Sheikh, President FPCCI & ECO-CCI and Vice President CACCI, in Islamabad to discuss strengthening bilateral and regional economic ties.

Mr. Sheikh emphasized CACCI’s role in fostering collaboration across Asia-Pacific, highlighting its member countries’ significant economic impact, including 40% of the world’s population and $11 trillion in trade. He briefed the delegation on the outcomes of the 38th CACCI Conference in Singapore and invited Tajik businessmen to actively participate in upcoming CACCI initiatives.

Both sides discussed expanding cooperation in energy, infrastructure, and private sector development, aligned with Pakistan’s “Vision Central Asia” policy. Mr. Juma praised Pakistan’s support and highlighted the importance of enhancing business ties. The meeting concluded with agreements to explore new ventures and establish road, rail, and air connectivity, demonstrating the growing partnership.

CAMCA Regional Forum in Ulaanbaatar on 29 June 2025

The CAMCA (Central Asia-Mongolia-Caucasus-Afghanistan) Regional Forum is a non-political and non-partisan Forum established to promote region-wide discussions on means of advancing economic growth and development in the 10 countries of the region: Afghanistan, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan. It promotes this goal by fostering dialogue and interaction among rising leaders from all sectors in the 10 countries of the region, as well as with international leaders and stakeholders.

The 2025 Forum, to be held in Ulaanbaatar, Mongolia on 29 June 2025, is a premier opportunity to engage with prominent influencers and leaders in the CAMCA region and to gain firsthand insights on the region’s pulse and latest developments. Due to the diverse and impressive pool of participants, the Forum essentially serves as a ‘one-stop shop’ for professionals of all sectors who are interested in regional cooperation and partnerships, as well as for outside nations, businesses and organizations that have an interest in engaging with the region.

For more information please visit https://camcaforum.org/

Themes & Topics sought for 39th CACCI Conference in Colombo, Sri Lanka in 2025

The 39th Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) annual conference will be hosted by the Federation of Sri Lanka Chambers of Commerce of Sri Lanka (FCCISL) in 2025.

In preparation for the 2025 Conference, members of the CACCI Planning Committee will meet virtually on February 12, 2025 primarily to discuss the Conference Program, including the themes and topics for the Conference.

In this connection, CACCI is seeking suggestions on economic, business or policy issues which CACCI members think are currently of great concern to members and the business sector of the region as a whole, and should be discussed by members during the 2025 Conference. Please let us know your thoughts by accomplishing the Suggestion Form and returning it to  through our Fax No. (886 2) 2760 1139 or via e-mail at cacci@cacci.biz.

CACCI would appreciate hearing from you before January 15, 2025 to give enough time to circulate all suggestions to the Planning Committee for consideration prior to its meeting.

The list of the themes and topics of past years’ Conferences can be downloaded HERE.

Thank you, and we look forward to receiving your response.

Sincerely yours,

Darson Chiu, Ph.D.
Director-General
Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)

CACCI President co-hosts Australia-Taiwan Business Council in Melbourne

On December 3, Australia-Taiwan Business Council Ltd (ATBC) hosted its second major event of the year in Melbourne, focusing on strengthening ties between Australia and Taiwan. Senior federal politicians Dr Daniel Mulino MP (Labor, Chair of the Parliamentary Committee on Economics) and Senator James Paterson (Liberal, Shadow Minister for Home Affairs and Cyber Security, and Shadow Cabinet Secretary) both highlighted their admiration for Taiwan’s democratic values and expressed strong support for deeper bilateral relations.

The event gathered around 60 attendees, including notable figures such as State Labor MPs Kate Theophanous and Iwan Walters, representatives from the US Embassy, and officials from the Department of Foreign Affairs and Trade. Ray Lu, Director General of the Taipei Economic and Cultural Office Melbourne, delivered remarks underscoring Taiwan’s commitment to international collaboration.

Co-hosted by the Australia-Taiwan Club (ATC) and Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) the event was held at the elegant Collins Street offices of Cornwalls law firm. CACCI President Peter McMullin AM who is also Special Counsel at Cornwalls, played a key role in the proceedings. The Chair of ATC, Luke Donnellan also delivered the welcome remarks.

The evening was expertly coordinated by ATBC CEO Ching-Mei Maddock, with Vice Chairs Rowan Callick and Eliza Chui serving as the event’s master of ceremonies and closing speaker, respectively. The session provided valuable networking opportunities and reinforced the growing momentum for collaboration between Australia and Taiwan across various sectors.

https://www.linkedin.com/feed/update/urn:li:activity:7269909430693961728/

Webinar on Enhancing MSME Development in Timor-Leste

CACCI would like to invite members and friends to join the 87th Asian Impact webinar on 5 December 2024, Thursday, 2:00-3:00 PM, Manila time, Asian Impact Webinar: Enhancing MSME Development in Timor-Leste. Asia Small and Medium Enterprise Monitor 2024 conducted a business mapping survey in Timor-Leste. How can strengthening MSMEs diversify the economy and sustain development beyond its resource-oriented growth model?

As a webinar under the Zoom platform, registration is required to attend. Please register at https://asianimpact.adb.org in advance of the webinar date. A confirmation email containing the webinar link and password will be sent once you have successfully registered.

To view the past webinars, please visit the Asian Impact Webinar page and Youtube playlist

Singapore Senior Minister of State Mr. Desmond Tan speaks at 38th CACCI Conference

The 38th CACCI Conference & the inaugural Asia-Pacific Economic Forum, jointly organised by CACCI and Singapore Manufacturing Federation (SMF) were honored by the presence of Mr. Desmond Tan, Senior Minister of State of Singapore. His presence demonstrated the government’s commitment to working with associations like CACCI and SMF to support business growth across international boundaries.

The two-day conference was packed with back-to-back thought-provoking discussions led by business leaders and industry experts within the APAC region, covering crucial topics such as 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝘁𝗿𝗮𝗱𝗲, and 𝗔𝗜.

A key highlight was the official launch of the 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝗚𝗿𝗲𝗲𝗻 𝗔𝗹𝗹𝗶𝗮𝗻𝗰𝗲 (𝗔𝗣𝗚𝗔), an initiative dedicated to fostering cross-border partnerships focused on sustainability. This initiative will allow businesses across APAC to share resources, knowledge, and innovations, fostering a strong ecosystem for a greener, resilient future.

SMF and CACCI would like to thanks all speakers, partners, delegates (local and overseas), participants, and sponsors for their active contribution towards the success of this Asia-Pacific event.

New CACCI Officers elected for 2024-2026

At the 38th CACCI Conference held on November 11-12, 2024, in Singapore, the CACCI Council endorsed the Advisory Board’s recommendations for the election of the officers to lead CACCI for the 2024-2026 term.

CACCI would like to congratulate the newly elected leaders as they take on the responsibility of guiding CACCI toward greater collaboration and success across the region!

PRESIDENT

Peter McMullin AM, Australia, Australian Chamber of Commerce and Industry (ACCI), Chairman of McMullin Group.

VICE PRESIDENTS

(1) Pradeep Kumar Shrestha, Nepal, Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Managing Director of Panchakanya Group.

(2) Ernest Yuen, Hong Kong, Kowloon Chamber of Commerce and Industry (KCCI). Chairman of Kowloon Chamber of Commerce and Industry (KCCI).

(3) Dr. Alireza Yavari, Iran, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Chief Advisor and Representative for Regional Organizations at the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).

(4) Hiroshi Oshima, Japan, Japan Chamber of Commerce and Industry (JCCI), President of Sembikiya Fruit Co. Ltd.

(5) Atif Ikram Sheikh, Pakistan, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Chief Executive of Mujahid Group of Industries.

(6) Henry Kao, Taiwan, Chinese International Economic Cooperation Association (CIECA), Chairman of the Chinese International Economic Cooperation Association (CIECA).

(7) Rifat Hisarcıklıoğlu, Turkey, The Union of Chambers and Commodity Exchanges of Turkey (TOBB), President of The Union of Chambers and Commodity Exchanges of Turkey (TOBB).

(8) Lennon Tan, Singapore, Singapore Manufacturing Federation (SMF), President of Singapore Manufacturing Federation (SMF).

(9) Ma. Alegria Sibal-Limjoco, Philippines, Philippine Chamber of Commerce and Industry (PCCI), Director for SDG at the Philippine Chamber of Commerce and Industry (PCCI).

HONORARY TREASURER

Dr. Leslie Wong, Hong Kong, Kowloon Chamber of Commerce and Industry (KCCI), Permanent Vice President of Kowloon Chamber of Commerce and Industry (KCCI).

BUDGET COMMISSION MEMBERS

(1) Amb. John Feng, Taiwan, Chinese International Economic Cooperation Association (CIECA), Adviser to Chinese International Economic Cooperation Association (CIECA).

(2) Raymund Jude G. Aguilar, Philippines, Philippine Chamber of Commerce and Industry (PCCI), Vice President – International Affairs Committee, Philippine Chamber of Commerce and Industry (PCCI).

(3) Peter McMullin AM, Australia, Australian Chamber of Commerce and Industry (ACCI), Chairman of The McMullin Group.

YEGAP Khulan Davaadorj on Sustainability in Singapore

Khulan Davaadorj speaks on Sustainability at the 38th CACCI Conference in Singapore

So happy to have been invited as a speaker for the panel discussion “Sustainable and Resilient Business in Asia Pacific” at the 38th CACCI conference & Asia-Pacific Forum on November 11-12, 2024 in Singapore, together with representatives from Asian Development Bank (ADB), EY, Huawei, Asia Limited and Rothman & Roman Group!

I am happy that my little start-up that I created 10 years in my kitchen has become the recognition internationally. Even though we are a small company from Mongolia with the aim to provide people with natural skincare products, our vision is big and we have always from day one prioritized sustainability. It is not just something fancy or a must-do thing for us – but something we value intrinsically and feel is needed for today’s world.

We launched 7 years ago Mongolia’s first zero waste corner where people can come with their own containers and get their favorite body oil, facial oils refilled; prioritized the use of recycled paper, have a zero waste production and also use fresh yak and goat’s milk directly from the herders, allowing them to have constant additional family income. We take back packaging and give discounts to all those who did it and use recycled paper for our gift baskets. Also, all our products are hand made by women and increased sales means increased employment by adding more people. We fundamentally believe that if all companies, small and big as well as private people lead with sustainability at their core, we can all make a huge impact.

Thank you again CACCI for having me speak about Lhamour’s experience. Having a small company also at the table and hearing their voice and their insight is important.

Love,

Khulan Davaadorj
Lhamour
YEGAP

https://www.lhamour.com/blogs/news/guest-speaking-about-sustainability-at-the-cacci-conference-in-singapore?srsltid=AfmBOoqgBX66EvDo5itDfrQ5fhjpULALvTqDopd9N_Qq__c-fS6MGwlK

Peter McMullin AM has been re-elected CACCI President. His plan for CACCI’s future

Invitation to participate in the The Joint Regional Sustainability Survey

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has agreed to be a major partner of the Green Alliance Initiative of the Singapore Manufacturing Federation (SMF).  The Green Alliance Initiative aims to help SMEs in the Asia-Pacific region to embark on their sustainability transformation, sharing of best practices, standards development, advisory support, recognition, and collectively striving towards a net-zero goal and be future-ready for Industry 5.0. Underscoring its importance, CACCI President Mr. Peter McMullin AM said that the Green Alliance Initiative is designed to empower SMEs on their sustainability journey.

In this connection, CACCI would like to invite its members to participate in the The Joint Regional Sustainability Survey which aims to understand the sustainability challenges and needs of enterprises across the Asia-Pacific region. The survey focuses on assessing the current awareness, capabilities and obstacles companies face in the different Asia Pacific economies when integrating economic, environmental and social criteria into their operations.

The key objectives of the survey include:

• By engaging companies from different countries, the survey aims to uncover regional variations and commonalities in sustainability challenges and needs, providing a holistic understanding of the business landscape.
• The insights will help us form tailored programs and resources that enable companies to implement sustainable practices effectively, enhancing their competitiveness and resilience in a rapidly evolving global market.
• This effort seeks to foster a unified APAC voice on sustainability, encouraging shared learning and collaboration among businesses and stakeholders to drive impactful, region-wide sustainability outcomes.
• The aggregated data will provide valuable input for industry leaders, shaping standards that are supportive of companies and aligned with global sustainability goals.

CACCI members are encouraged to accesss the survey at: https://forms.gle/HUJyoxMaJojQGPdb9

Onboarding for ADAMftd

CACCI has signed an MOU with the International Council for Trade Transparency and Monitoring (ICTTM) aimed at providing access to CACCI and its members to the ADAMftd software system, a revolutionary tool aimed at enhancing transparency and compliance in international trade.

The MOU forms the basis for the provision of priority access to the ADAMftd software system for CACCI and its members, thereby enhancing the economic activity of companies, ensuring their compliance with international trade rules and regulations, and assisting them in identifying new international markets.

To help you make the most of your ADAMftd experience, the ICTTM has provided hereunder the essential resources and tools designed to give hands-on support and simplify your onboarding journey.

(1) On-Demand Onboarding Webinar

This session, available anytime, offers a comprehensive overview of ADAMftd’s features and benefits. Please share this resource widely to ensure your members feel confident and ready to engage with the platform. Please check this link: https://webinarkit.com/webinar/registration/671c708a1b392aee5e837259

(2)Weekly Office Hours Starting November 4th

Beginning November 4th, the ICTTM is hosting office hours every Monday at 1 PM UK time and every Friday at 10 AM UK time. This is a valuable opportunity for your members to receive real-time support and guidance directly from our team. Please check this link: https://us06web.zoom.us/j/82857917133?pwd=1QNhqiIYbQl1RaNUh8W7T2YRUoE3jo.1

TOBB Mehmet Büyüksimitci attends the CACCI Conference

The 38th Asia-Pacific Confederation of Chambers of Commerce and Industry (CACCI) Conference was held in Singapore on November 11-12, 2024. The conference was attended by TOBB Board Member Mehmet Büyüksimitci representing the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).

Within the scope of the conference, the 38^th CACCI Board of Directors Meeting chaired by CACCI President Peter McMullin, M. Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), was re-elected as Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) for 2025-2026, a position he has held since 2014.

Mehmet Büyüksimitci held a meeting with Turkish Ambassador Mehmet Burçin Gönenli. During the meeting, Türkiye-Singapore trade and economic relations were discussed.

In addition, BEE’O Propolis Co-Founder/CEO Dr. Aslı Elif Tanuğur Samancı won the ‘Best Woman Entrepreneur’ award at the ‘Women Entrepreneur Awards’ organized by CACCI.

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) was founded in Taiwan in 1966 by 10 national chambers of commerce. Australia, Papua New Guinea, New Zealand from the Oceanian Continent; Hong Kong, Japan, South Korea, Mongolia, Taiwan, Russian Federation from East Asia; Brunei, Cambodia, Indonesia, Malaysia, Philippines, Singapore and Vietnam from Southeast Asia; Bangladesh, India, Nepal, Pakistan and Sri Lanka from South Asia; Azerbaijan, Georgia, Iran, Tajikistan, Uzbekistan and Türkiye from Central Asia are members of CACCI. Its aim is to contribute to the development of the economies of the Asia-Pacific region by bringing together the business worlds of the member countries.

https://www.tobb.org.tr/Sayfalar/Eng/Detay.php?rid=14313&lst=Haberler

CACCI joins 50th Philippine Business Conference & Expo (PBC&E) 2024

Representatives from the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) attended the 50^th Philippine Business Conference & Expo (PBC&E) 2024 organized by the Philippine Chamber of Commerce and Industry (PCCI) on October 22-23, 2024 at the Marriott Hotel in Manila, Philippines.

The CACCI delegation was led by CACCI Vice President Dr. Alireza Yavari, Director-General Dr. Darson Chiu, Deputy Director-General Mr. Amador Honrado Jr., Senior Officer Ms. Abby Moreno, and two representatives from the Middle East Commercial Association, namely GCC Local Market Manager Milad Hajhossseini and Digital Platforms Manager Mohammad Amin Emamian.

Focusing on the theme “Embracing Innovation, Empowering Business, Enriching Lives”, the 50^th PBC&E 2024 explored sustainable growth strategies essential for businesses to thrive in today’s competitive landscape. A line-up of renowned speakers from both government and business sectors – including Philippine Vice President H. E. Sara Duterte – were invited to address significant industry concerns, particularly in such sectors as ICT, agriculture, science and innovation and tourism.

Program Summary

Day One

The first day of the conference took a look back and assessed what is relevant from the past 50 years and the lessons that stand out, examining where the Philippines is now and what are in store for the future in the lens of future-ready business leaders.

Plenary Session: Looking Forward through the Lens of Future-Ready Business Leaders

The invited speakers noted that the business landscape has been shifting dramatically over the last 20 years, accelerating even faster in 2020 when the COVID-19 pandemic put economies at a standstill. They observed that dynamic changes have given birth to agile, responsible and decisive business leaders who must face an array of challenges – from climate change to technological disruption, to social inequality to geopolitical tensions. The shared their views o how the new generation of business leaders are navigating these challenges – how they are able to see what is coming, capturing opportunities and creating value out of these.

 Plenary Session: The Emerging Influence of Asia as a Global Force  

The speaker and panelists agreed that the economic center of gravity continues to move toward Asia, noting that the region’s outward-looking economy and innovation-driven markets have resulted in the rapid rise of the countries in the region led by China and India. They examined the factors that have enabled Asia to influence and shape a new era for its economies and the world, and the key priorities in the domestic agenda for Asia’s emerging countries as they forge ahead in the “Asian Century”.

Day Two

Discussions on the second day focused on the key elements needed for the country to leapfrog to higher economic growth, primarily on technologies and innovation, capitalizing on the demographic dividend, and transforming the agriculture system to sustain and further propel the country’s growth.

Plenary Session: Human Capital Development, An Investment in the Future

The speakers and panelists observed that with the labor force projected to have double digit growth from 2020 and beyond, the Philippines is seen to benefit from a “demographic window of opportunity” to energize its economy and backstop its growth. They agreed that tor the country to capitalize on this opportunity, critical investments must be made in health, education and social welfare. They looked into the challenges and policies and resources needed to strengthen the country’s human capital and secure a future-proof and accelerated economic growth.

Plenary Session: Reshaping the Philippine Agriculture Landscape

The invited speaker emphasized that strengthening the agri-food system is key to ensuring food security for the country, the productivity of farmers, and inclusive and resilient countryside development. He noted that the agriculture (and fishery) sector faces long-standing challenges such as low farm and labor productivity, lack of access to credit and insurances, unsustainable farming practices, weak export performance and lack of diversity, inadequate infrastructure, land fragmentation, climate change and environmental risks, and the different agricultural diseases such as the African Swine Flu. According to him, addressing these hurdles requires a holistic approach. Discussion focused on government’s programs, projects and policies to address the challenges of the sector and realize the vision of a food secure Philippines, and enable farmers and fisherfolks to live productively off their lands and resources.

Breakout Sessions

Breakout Session 1: Shaping the Future of Entrepreneurship through Dialogue with Entrepreneurs, Support Networks, and Policymakers

Organized by the Philippine Young Entrepreneurs Association, the session consisted of two panel discussions:

Panel Discussion 1 addressed the topic “Refining Entrepreneurial Support: Revisiting Key Insights”. The panelists revisited the key takeaways from the inaugural “Build to Last” mini-conference, where early-stage founders and growth-stage enterprises explored challenges and opportunities in securing funding and team building. They provided updates on their experiences since then, shared progress on addressing identified challenges, and discussed how insights from Investor Networks, Funding Platforms, and University Incubators have been implemented. The discussion aimed to set the stage for identifying remaining gaps and opportunities for further improvement

Panel Discussion 2 delved on “Policy Action for Entrepreneurial Excellence: Crafting Solutions with Policymakers”. Building on the insights from the first panel discussion, the session engaged policymakers and key advisors in a critical dialogue aimed at translating recommendations into concrete actions. They focused on developing actionable policy steps to address the issues highlighted by PYEA and the entrepreneurial community. The panelists collaborated to draft and refine policy proposals that enhance the business environment, foster innovation, and support sustainable entrepreneurship in the Philippines. This session primarily aimed to create a clear roadmap for policy improvements and strategic support to position the Philippines as a leading hub for entrepreneurship.

Breakout Session 2: Business Dispute Resolution: The Advantages and Benefits of Alternative Dispute Resolution (ADR) under the International Chamber of Commerce (ICC) Dispute Resolution Services (DRS)

The main objectives of the session were: (a) to inform the business community of the advantages of ADR over court litigation in resolving business dispute; (b) to explain the spectrum of ICC ADR modes and highlight the unique features and advantages of each mode to suit various business exigencies; and (c) to show how ICC DRS has been the worldwide leader in ADR.

Breakout Session 3: Technology for Good – Scaling Sustainability and benefits for SMEs

Organized by the International Chamber of Commerce (ICC), the session discussed how SMEs, without vast resources, can leverage digital technologies and innovations to achieve Sustainability, and gain competitive advantages. Its primary objectives are to:

• Generate insightful discussion on the ESG landscape in Philippines and Asia, highlighting companies benefiting from sustainable practices – potential positive impact on reputation/brand image, cost savings, market positioning, access to preferential financing rates, just transition and greater social responsibility.

• Learn more about various ESG-enabling programs and guidelines available from international organizations the free United Nations ESCAP Sustainable Business Network (ESBN) APAC Green Deal.

• Learn about ESG trends and be part of a hands-on workshop to learn how SMEs can utilize digital technologies like the free Green Deal Digital platform, with a quick practical hands-on activity to preview how one can calculate and create a GHG and ESG report easily, without need to have vast resources.

Side Activities of the CACCI Delegation

The CACCI delegation on October 22 called on Ms. Evariste M. Cagatan, Executive Director, Investments Promotion Services at the Board of Investments under the Department of Trade and Industry of the Philippines. The meeting was arranged by PCCI. The delegation was accompanied by Mr. Edwin Glindro, Deputy Secretary General of PCCI, and Ms. Lyn Gabionza, International Relations Department.

During the meeting, the CACCI visitors had the opportunity to introduce CACCI and its activities to Ms. Cagatan, and highlighted the important role played by PCCI in the founding of CACCI and its continued strong support of the Confederation and its activities. They also extended an invitation for Ms. Cagatan to participate in the upcoming 38^th CACCI Conference scheduled to be held on November 11-12, 2024 in Singapore, with the Singapore Manufacturing Federation (SMF) as host.

Ms. Cagatan made a presentation on the current economic situation in the Philippines, discussed the sectors in which foreign investments are encouraged by the government, and the pointed out the incentives offered to foreign investors. These include investments in activities that promote the following:

• Green ecosystems
• Health-related activities
• Defense-related activities
• Industrial Value-chain gaps
• Food Security related activities
• Research & development and activities adopting advances digital production technologies
• Highly technical manufacturing and production of innovative products and services
• Establishment of innovation support facilities

Dr. Yavari offered to disseminate to CACCI members the information contained in Ms. Cagatan’s presentation to help attract investments in the Philippines from CACCI member countries. Ms. Cagatan expressed her appreciation to Dr. Yavari his kind offer.

CACCI President invited to WCF Europe & Asia Summit in Istanbul

The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) and the ICC World Chambers Federation (WCF) have invited CACCI President Peter McMullin AM to join the WCF Europe & Asia Summit, scheduled to take place in Istanbul, Türkiye on 15-16 October 2024.

The WCF Regional Summits bring together members of WCF global network of chambers to approach global challenges and opportunities through a regional lens.

The Europe & Asia Summit will focus on the theme of “A Collaborative Approach to Climate Action.” The Summit aims to bring together chamber executives, business leaders, experts, and stakeholders from the public and private sectors to discuss and forge new paths toward effective climate action through collaboration. There will also be opportunities for networking with business delegations from various countries in the region, as well as the arrangement of B2B meetings.

In fact, CACCI President Peter McMullin AM was especially invited to join the panel discussion titled “Navigating Global Economic Transformation and the Role of Chambers in Driving Change.”

This discussion will focus on how chambers can support businesses in adapting to shifts in the investment landscape, promote resilience in supply chains, and champion sustainability initiatives.
We hope to have the honour of your presence.

More information about the Summit can be accessed at www.wcfsummit@tobb.org.tr

The complete agenda of the Summit is presented below.

CACCI Partnership on the Europe-Asia Economic Summit 2025

CACCI is pleased to announce our partnership with the Europe-Asia Economic Society (EAES) for its upcoming Europe-Asia Economic Summit to be held next year in Davos, Switzerland. We believe this partnership offers CACCI members an exceptional platform to network, gain valuable insights, and explore new business ventures on a global scale.

This flagship event scheduled for May 26-28, 2025, at the Congress Center opens up unparalleled opportunities for you to:

• Network with leaders: Connect with industry leaders across various sectors, explore opportunities, and build partnerships.
• Explore AI solutions: Learn about the latest advancements in AI and how they can be implemented to drive business growth.
• Tackle sustainability challenges: Discover strategies for achieving sustainable economic development while addressing climate change concerns.

The Summit will delve into two pivotal topics on AI and Sustainability, specifically focusing on:

• Opportunities, Challenges, and Threats in the New AI Era
• Sustainable Developments to Balance Economic Growth with Climate Degradation

Registration is now open!

Secure your spot and find more information about the venue, recommended hotels, and programme via this Link.

Tentative Agenda is HERE.

EAES is a non-profit organization dedicated to fostering economic collaboration and innovation between Europe and Asia, driving sustainable development and leveraging advanced technologies to address global opportunities and challenges.

For more details about the Summit, please visit the EAES website: https://www.eaesummit.com/index.php/registration.html

Don’t miss this opportunity to network with key players, gain insights from industry experts, and explore global business ventures.

If you have further questions at this stage, please do let us know at cacci@cacci.biz.

International Trade Council offers Online Courses

CACCI is pleased to inform members and friends about the invitation from the International Trade Council (ITC) to participate in its upcoming three online courses on the following topics described below:

• Securing Global Trade: The USA Customs-Trade Partnership Against Terrorism (C-TPAT)
• Navigating the EU Corporate Sustainability Due Diligence Directive
• Mastering U.S. Customs Clearance and Documentation for Food Imports

We encourage its members to disseminate this information among your constituents who may find these topics useful for their trade activities.

We also attach a downloadable PDF file with more detailed information about these activities.

ADB webinar on Asian Development Outlook on 25 September 2024

CACCI is inviting members and friends to join the 81st Asian Impact webinar on 25 Sept 2024, Wednesday, 2:00-3:00 PM, Manila time, Asian Impact Webinar: Asian Development Outlook September 2024 Launch. Developing Asia’s outlook remains upbeat, with falling inflation and solid growth driven by strong domestic demand and exports. But risks remain, including geopolitical tensions and rising protectionism. How can the region remain resilient?

As a webinar under the Zoom platform, registration is required to attend. Please register at https://ado.adb.org in advance of the webinar date. A confirmation email containing the webinar link and password will be sent once you have successfully registered.

To view the past webinars, please visit the Asian Impact Webinar page and our Youtube playlist.

50th Philippine Business Conference and Expo (PBC&E) on 22-23 October 2025

Focusing on the theme “Embracing Innovation, Empowering Business, Enriching Lives”, the  50^th Philippine Business Conference and Expo (PBC&E) being organized by the Philippine Chamber of Commerce and Industry (PCCI) on October 22-23, 2024 in Pasay City, Metro Manila, Philippines will explore sustainable growth strategies essential for businesses to thrive in today’s competitive landscape. A line-up of renowned speakers from both government and business sectors have been invited to address significant industry concerns, particularly in such sectors as ICT, agriculture, science and innovation and tourism.

CACCI is pleased to provide HERE the latest Program, together with a list of recommended hotels where delegates may stay as provided by the PCCI.

We therefore encourage you to join CACCI Secretariat and delegates at this year’s PBC&E. Mr. McMullin has also requested PCCI to help arrange meetings for the CACCI delegation with relevant government offices and a number of company visits to allow CACCI members to gain first-hand information on the trade and investment opportunities in the Philippines and to explore possible areas of business cooperation.

Register now at:  https://bit.ly/50th-philippine-business-conference-and-expo-registration

For further inquiries, you may contact the PCCI International Affairs directly at lyn.gabionza@philippinechamber.com, or the CACCI Secretariat at cacci@cacci.biz.

SME Development Council’s Newsletter available

We are excited to share with you the latest edition of the SME Development Council’s Newsletter – Volume XIV! (Click HERE to download.)

This compilation of news, reports, and analyses highlights the challenges and opportunities facing Micro-, Small, and Medium-sized Enterprises (MSMEs), with a particular focus on innovation and technology, sustainability, and inclusivity in the Asia-Pacific region. This issue explores how digital tools and technologies can help MSMEs, particularly those led by women, to enhance productivity, innovation, and market reach. It also delves into how fintech can assist MSMEs in adopting sustainable practices and how they can contribute to achieving the UN Sustainable Development Goals.

We hope this issue equips you with valuable insights to empower MSMEs to navigate the evolving business landscape throughout the Asia-Pacific region, especially as we build towards a stronger and more inclusive business community that benefits all.

We also take this opportunity to encourage you to share your thought leadership by submitting relevant articles for consideration in future issues. Please send your materials, along with any accompanying photos (if applicable), to cacci@cacci.biz.

FICCI & CACCI webinar on Food Processing & World Food India 2024 held on 1 August 2024

The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) jointly organized a webinar on “Investment Opportunities in Indian Food Processing Sector & World Food India 2024” on 1 August 2024.

The 60-minute becinar was moderated by Kunal Chaudhary, FICCI Director, and featured 4 distinguised speakers: Darson Chiu, Ph.D., CACCI Director General; Shri Minhaj Alam, Additional Secretary, Ministry of Food Processing Industries (MoFPI), Government of India; Tanshi Sahu, Invest India Presenter and Shri Ranjit Singh, Joint Secretary, Ministry of Food Processing Industries (MoFPI), Government of India.

Here is the summary of their presentation:

SUMMARY

Darson Chiu, Ph.D., CACCI Director General

Darson Chiu welcomed participants to the webinar on investment opportunities in India’s food processing sector and the upcoming World Food India 2024 event. He highlighted India’s rapid economic growth and the food processing sector’s significant expansion in recent years, supported by government initiatives such as infrastructure modernization. With a large population, rising disposable incomes, and a booming food retail market, India has emerged as a global hub for food processing.

Kunal Chaudhary, FICCI Director

Kunal Chaudhary, representing FICCI, introduced the event by acknowledging FICCI’s role as one of India’s largest apex chambers and its close collaboration with the government for World Food India. He welcomed the esteemed speakers from the Ministry of Food Processing Industries (MoFPI) and Invest India, emphasizing their key roles in the event.

Shri Minhaj Alam, Additional Secretary, Ministry of Food Processing Industries (MoFPI)

Shri Minhaj Alam commended CACCI, FICCI, and Invest India for organizing the webinar, recognizing it as an essential platform to showcase India’s food processing opportunities. He highlighted India’s position as one of the world’s fastest-growing major economies, with a GDP of $3.7 trillion and ambitious growth targets for 2047. India, being one of the largest producers of agricultural and horticultural products, presents immense potential for value addition, reducing food wastage, and increasing farmer incomes.

He outlined the MoFPI’s commitment to supporting the industrial ecosystem through infrastructure development and various incentive schemes, such as PM Kisan Sampada Yojana and PMFME. World Food India 2024, scheduled for September, aims to bring together key stakeholders to discuss investment opportunities, innovations, and sustainable growth in the sector. The event will also feature international delegations, B2B meetings, and industry partnerships, reinforcing India’s growing role in the global food ecosystem.

Tanshi Sahu, Invest India Presenter

Ms. Sahu provided a detailed overview of India’s economic growth and its thriving food processing industry. She highlighted that India is one of the fastest-growing large economies, with GDP growth expected to reach 7.6% in 2024. The country boasts strong exports, reaching $776 billion in 2023, with significant contributions from agricultural and food products. Key points from her presentation include:

• India is a world leader in milk, livestock, millet, and pulses, while also ranking second in food grains, fruits, vegetables, and tea production.
• The Indian food processing market is projected to reach $535 billion by 2026.
• Low levels of food processing present significant opportunities: only 21% of milk, 3.3% of food and beverages, and 34% of meat production is processed.
• Government initiatives such as the Pradhan Mantri Kisan Sampada Yojna and production-linked incentives provide capital subsidies and tax benefits to boost food processing investments.
• 100% Foreign Direct Investment (FDI) is permitted through the automatic route for food processing, enhancing investment prospects.
• World Food India 2024, scheduled for September 19-22, aims to transform the food processing ecosystem by showcasing innovations, promoting sustainability, and facilitating market access for domestic and global stakeholders.
• The 2023 edition of the event witnessed participation from 24 states, 16 international delegations, and ministerial representatives from multiple countries. Over 16,000 B2B meetings were conducted, and MoUs worth $3.98 billion were signed.
• The 2024 edition will feature expanded thematic sessions, new focus sectors like plant-based proteins and sustainable packaging, and a larger-scale Food Street experience.

Shri Ranjit Singh, Joint Secretary, Joint Secretary, Ministry of Food Processing Industries (MoFPI)

Shri Ranjit Singh, in his closing remarks, commended the event’s organizers and emphasized India’s commitment to strengthening trade relations in the Asia-Pacific region. He invited international partners to actively participate in World Food India 2024, underscoring the event’s role as a platform for strategic collaborations, investment opportunities, and technological advancements in the food sector.

Latest issue of the Asian Textile & Garments Newsletter is available

We are excited to share with you the latest edition of the Asian Textiles & Garments Council’s Newsletter – Volume Nine! (Click HERE to download.)

This issue explores recent developments in the Asia Pacific textile and garment industry through a collection of relevant news, reports, and analysis. It features a message from the ATGC Chair calling for stronger collaboration within the Asian textile industry to strengthen trade relations, boost economic growth, and promote sustainability efforts.

In addition to the Chair’s message, the newsletter offers insightful articles on various topics, including the current state of the industry in 2024, the booming Asian fashion e-commerce market, and how innovation can lead the fashion industry towards a circular economy model.

We hope this issue equips you with valuable insights into the trends and conditions of the textile market throughout the Asia-Pacific region.

We also take this opportunity to encourage members to contribute relevant articles for future issues. Kindly forward your materials, along with accompanying photos if possible, to wenju.liao@cacci.biz.

CACCI Journal of Commerce & Industry is available

We are excited to share with you the latest edition of the CACCI Journal of Commerce & Industry – Volume 1 2024! (Click HERE to download.)

This edition includes reports examining APAC’s economic growth trajectory and AI’s pivotal role and provides insights into the future of global business and innovation, commentaries on trade policy developments, articles on the capacity of ESG investment to support environmentally and socially responsible business practices in Asia, and more.

We trust this Journal will equip businesses with the knowledge needed to navigate the dynamic business environment in the Asia-Pacific region, and help them stay informed about current trends and future developments through in-depth analysis and expert perspectives.

We also take this opportunity to encourage you to share your thought leadership by submitting relevant articles for consideration in future issues. Please send your materials, along with any accompanying photos (if applicable), to cacci@cacci.biz.

CACCI Director-General Calls on KCCI Officers

CACCI Director-General Dr. Darson Chiu (2^nd from right) on July 19, 2024 made a courtesy call on officers of The Korea Chamber of Commerce and Industry (KCCI) led by Mr. Archer Lee, Vice President for International Trade Division (2^nd from left). Joining the meeting were CACCI Deputy Director-General Mr. Amador Honrado Jr. (rightmost) and Mr. Beom Sik Jung, Director, International Trade Division, Asia-Pacific Team, KCCI.

Dr. Chiu and Mr. Honrado briefed the KCCI officers on CACCI activities and provided them relevant information on KCCI’s involvement in CACCI since the Chamber joined the Confederation as a Founding Member in 1966. They encouraged Mr. Lee and his colleagues to have KCCI continue its active involvement in CACCI and its activities and provide CACCI members from other countries the opportunity to learn more about the Chamber and meet its officers and members.

The CACCI executives were in Seoul to participate in the 48^th Joint Conference of ROC-Korea and Korea-Taiwan Business Councils organized by the Chinese International Economic Cooperation Association (CIECA) and the Federation of Korean Industries (FKI) on July 19, 2024 in Seoul, Korea. CIECA is a Primary Member of CACCI from Taiwan.

CACCI joins 48th ROC-Korea Conference & Korea-Taiwan Business Councils

Director-General Dr. Darson Chiu and Deputy Director-General Mr. Amador Honrado Jr. represented the Confederation at the 48^th Joint Conference of ROC-Korea and Korea-Taiwan Business Councils organized by the Chinese International Economic Cooperation Association (CIECA) and the Federation of Korean Industries (FKI) on July 19, 2024 in Seoul, Korea.

Held at the FKI Tower Conference Center, the event was attended by some 100 businesspersons from both Taiwan and Korea who exchanged views on possible areas of cooperation that are expected to further strengthen the foundation of economic relations between the two countries. The Taiwanese delegation was headed by Mr. Jimmy Chu, Chairman, ROC-Korea Business Council under CIECA (Taiwan), while the Korean side was led by Mr. Joon Kim, Chairman, Korea-Taiwan Business Council and Mr. Kim Chang Beom, Vice Charman and CEO of FKI.

Speakers from both sides presented business opportunities in various fields including e-commerce, logistics, distribution, food and beverage, tourism, start-ups, new energy, smart manufacturing, machinery industry, and exchange programs for young Taiwanese and Koreans.

Before the closing of the Conference, Dr. Chiu met and conveyed his appreciation to Mr. Joon Kim, Chairman, Korea-Taiwan Business Council, and to Mr. Kim Chang Beom, Vice Charman and CEO of FKI, for the opportunity not only to participate in the important dialogue between members of CIECA and FKI which enabled him and Mr. Honrado to learn from the sharing of ideas on areas of possible cooperation between the two sides, but also to be able to introduce to them and to a number of FKI members about CACCI and its activities.

Dr. Chiu also extended invitation to both Mr. Kim and to other FKI officers and members to join the 38^th CACCI Conference scheduled to be co-hosted by the Singapore Manufacturing Federation (SMF) on November 11-12, 2024 in Singapore, adding that their presence will allow them to know more about the Confederation and to personally meet its officers and members from other Asia-Pacific countries.

Dr. Chiu and Mr. Honrado also joined the industrial visits organized by FKI for the visiting Taiwanese delegation on July 18 to the following:

LG Science Park

This technology park is considered Korea’s biggest R&D complex, the LG Science Park gathers LG’s major R&D capabilities including electronics, chemicals, and communications services to lay the foundation for innovation. Its Innovation Gallery showcases the future technologies and core products of LG.

Hyndai Motor Studio Goyang

This is the largest automobiles and mobility experience space in Korea where one can experience Hyundai Motor’s technology and future vision in a friendly and enjoyable way.

India’s booming with Investment Opportunities in Food Industry

India is one of the fastest growing economies, with numerous investment opportunities. The Indian food processing sector has achieved impressive growth, growing at Average Annual Growth Rate (AAGR) of 7.26% in the last 7 years. This indicates its strong potential and contribution to the Indian economy. The recent initiatives of the Government of India for driving the holistic growth of the Indian food processing sector such as simplification of processes, regulatory reforms, 100% FDI in food processing, Pradhan Mantri Kisan Sampada Yojana, Production Linked Incentive Schemes, creation of adequate infrastructure such as Mega Food Parks, cold chains, agro-processing clusters etc., have created a conducive environment for doing business in food sector in India.

With a population base of over 1.3 billion with rising disposable income, increased spending on food & consumer goods and fast-growing food retail market, India has become a Global Hub for food processing as well as food supply.

India’s booming with Investment Opportunities India offers ripe investment opportunities in the food processing sector, supported by a favourable environment for foreign investors and increasing demand. Recent initiatives include exempting processed food items from licensing under the Industries (Development and Regulation) Act, 1951.

The sector allows 100% Foreign Direct Investment (FDI) via automatic route, with additional provisions for trading food products through e-commerce. A lower GST applies to raw and processed food products, with over 73% covered in lower tax slabs. India also introduced a Production Linked Incentive (PLI) scheme worth USD 1.3 billion to foster global food manufacturing champions. Processed food exports have significantly increased to 23.65% of total exports in 2023-24 from 13.7% in 2014-15, driven by rising shipments of rice, fruits, vegetables, livestock, and dairy products.

With the objective of introducing the world to rich Indian food culture, as well as, promoting investments in the diverse food processing ecosystem of India, the Ministry of Food Processing Industries organized the 2nd edition of World Food India in 2023 between 3rd to 5th November 2023. The mega event provided a platform to explore the Indian market across the value chain in food processing and food retail.

The event saw the participation of 1208 exhibitors and over 200 domestic buyers. In addition to this, in terms of the international participation, the event saw 715 international buyers from 90 countries, 15 country pavilions as well as 16 international delegations that visited the mega event. There was also participation from 24 domestic states and 14 central government ministries/departments/commodity boards that were present in the event. Additionally, one of the key highlights was the high-level industry interaction which was co-chaired by Hon’ble Minister, Commerce & Industry and Hon’ble Minister, Food Processing Industries.

Given the resounding success of the previous edition of World Food India, the Ministry is organizing the 3rd edition from 19th to 22nd September 2024 at Bharat Mandapam, New Delhi. In the upcoming edition of World Food India, we have identified five focus areas namely, Sustainable packaging, minimizing waste, plant-based proteins, food irradiation and ensuring food safety for all from farm to fork. These sectors are imperative for domestic consumption, trade and innovation. All the activities in the mega event are aimed at increasing mutual cooperation and FDI in the food processing & allied sectors. The event will also have sectoral seminars, state seminars, country sessions, B2B/B2G/G2G sessions, besides an exhibition where state pavilions, sectoral pavilions and company stalls would be put up.

See related news: Invitation to a webinar on “Investment Opportunities in Indian Food Processing Sector & World Food India 2024”

FICCI & CACCI webinar on “Investment Opportunities in Indian Food Processing Sector & World Food India 2024” on 1 August 2024

CACCI is pleased to invite members and friends to join the webinar on “Investment Opportunities in Indian Food Processing Sector & World Food India 2024” to be held on August 1, 2024, 2PM, Taipei time.

Jointly organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the one-hour online session aims to showcase the  numerous investment opportunities in the Indian food processing sector which, with its impressive growth averaging 7.26% annually in the last seven years, is supported by a favorable environment for foreign investors and increasing demand.

The upcoming World Food India to be held on September 19-22, 2024 aims not only to promote investments in the diverse food processing ecosystem of India, but also to introduce to the world the rich Indian food culture. The event has identified five focus areas, namely, sustainable packaging, minimizing waste, plant-based proteins, food irradiation, and ensuring food safety.

AGENDA

14:00 Opening Remark by Darson Chi u, Ph.D., Director-General, CACCI

14:05 Introduction by FICCI Representative

14:10 Address by Shri Minhaj Alam, Additional Secretary, Ministry of Food Processing Industries (MoFPI), Government of India

14:20 Presentation on India opportunities & World Food India 2024 by Invest India and FICCI
Showcase: Promotional Video of World Food India 2024

14:30 Open House Discussion to seek company insights, suggestions and any other query

14:55 Closing Remarks & Vote of Thanks by MoFPI

15:00 End of Webinar

You may register for the webinar HERE.

Related news: India’s booming with Investment Opportunities in Food Industry

Webinar on “Chamber Model Innovation (CMI) Framework” on 31 July 2024 at 2PM Taipei time

CACCI is inviting Chamber colleagues to join the webinar on “Chamber Model Innovation (CMI) Framework: How to Deliver More Value to Your Members in 2024” to be held on 31 July 2024  at 2PM, Taipei time.

The one-hour session is being organized by CACCI, in partnership with the ICC World Chambers Federation (ICC/WCF) and Integra Seven, an advisory firm that helps organizations stay adaptable and competitive by fostering a culture of ongoing change and improvement to remain successful in a rapidly changing business environment.

The online session aims to provide actionable strategies and resources to enhance your Chamber’s performance in 2024. To be conducted by Ms. Natalia Sycheva, Partner of Integra Seven, the session will provide you the opportunity to explore:

• How to reduce cost and time for new service development
• How to enhance Chamber’s proposition for members
• How to become an attractive employer for the top talent
• How to think of AI disruptions to your business model

As an attendee, you will gain early access to information about CMI’s trainings and resources developed by ICC. This session also offers a Live Q&A, providing an opportunity to interact directly with experts.

Tentative Agenda:

02:00PM  – Welcome Remarks by Mr. Peter McMullin AM, President, CACCI

02:05PM  – Presentation by Ms. Natalia Sycheva, Partner, Integra Seven

02:35PM – Q&A Session

02:55PM – Concluding Remarks

You may register for the webinar through the following link: REGISTER

An Introduction about CMI can be downloaded HERE for further information.

38th CACCI Conference

ASIA ECONOMIC FORUM
“Making Asian Business Future-Ready”
11-12 November 2024, Singapore

One Farrer Hotel at 1, Farrer Park Station Road, Singapore 217562

Tentative Program
(As of 20 September 2024)

10 November 2024

Arrival of Delegates / Registration

15:00-16:00 CACCI Advisory Board (Spottiswoode Room, Level 6, One Farrer Hotel

16:00-17:00 CACCI Budget Commission Meeting, Level 6, One Farrer Hotel

11 November 2024

08:00 Registration (Grand Ballroom, Level 6, One Farrer Hotel)

09:30-10:00 First Day Opening Ceremony
Welcome Address by Mr. Peter McMullin AM, President of CACCI

10:00-10:15 Coffee Break

10:15-11:15 Plenary Session One: SME Development
“Global Perspectives on SME Development and Effective Public and Private Sector Cooperation in SME Development”
Moderator: Mr. George Abraham, Chair, SME Development Council

11:15-12:15 Plenary Session Two: Food and Agriculture
“Smart Agriculture for a Sustainable Future”
This session focuses on the transformative potential of modern agricultural practices and technologies to create a more resilient and sustainable food system in the Asia-Pacific region. It will explore the integration of innovative technologies such as precision farming, artificial intelligence, and data analytics to enhance productivity, reduce environmental impact, and improve resource efficiency.
Moderator: Mr. Pradeep Kumar Shrestha, Chairman of the Asian Council on Food and Agriculture

12:15- 13:15 Lunch

13:15-14:15 Plenary Session Three: ICT and Tourism
“Smart Tourism: Enhancing the Visitor Experience”
This session will feature speakers who will share their perspectives on the benefits of smart tourism: how investing in and developing smart tourism resources can enhance visitor engagement as well as strengthen the community’s “intelligence”; its implications on businesses and individuals alike who benefit from a more efficient infrastructure and service provision; how it can improve performance and competitiveness for companies engaged in tourism; and how smart tourism can manage climate change effects, increase revenues, and enhance tourist security through the use of digital technology.
Moderators: Dr. Dennis Hu, Chairman of the Asian ICT Council and Mr. Anura Lokuhetty, Chairman of the Asian Council on Tourism

14:15-15:15 Plenary Session Four: Water, Energy and Environment / Textiles and Garments
“Policy Perspectives: Driving Green Growth in Asia’s Energy and Textile Sectors”
This session will examine strategic policies aimed at accelerating green growth within Asia’s energy and textile industries. With the rapid expansion of these sectors presenting both significant opportunities and challenges for sustainable development, discussion in this session will focus on key policies that support the integration of renewable energy, enhance energy efficiency, and encourage sustainable textile practices.
Moderators: Mr. Gyanendra Lal Pradhan, Chairman of the Asian Council on Water, Energy and Environment and Ms. Shareena Safdar Janjua, Chairwomen of the Asian Council on Textiles and Garments

15:15-16:15 Plenary Session Five: Entrepreneurship
“Empowering Entrepreneurs: Skills, Innovation, and Sustainability”
This session will focus on themes relevant to both youth and women, addressing key areas such as resilience, import/export, and the importance of skills, especially in the context of the digital age and the rise of AI. Panelists will discuss the importance of digital skills for entrepreneurs, particularly in AI and cybersecurity; explore how to cultivate innovation in business by leveraging emerging technologies; and highlight building resilience through sustainable practices, emphasizing the integration of sustainability into business strategies.
Moderators: Mr. Rommel Gerodias, Chairman of the Young Entrepreneurs Group of Asia Pacific (YEGAP) and Ms. Mukta Nandini Jain, Chairwomen of CACCI Women Entrepreneurs Council.

16:15-16:30 Coffee Break

16:30-17:30 Plenary Session Six: New Initiative for Sustainability – APAC Green Alliance
Moderator: Mr. Clement Teo, Chief Sustainability Officer of the Singapore Manufacturing Federation (SMF)
Panelists:
(1) Peter McMullin AM, President of  CACCI
(2) Michael Lim, Founder of Launch Hero Digital Marketing Agency
(3) Stuart Thomson, Chief of Staff of CACCI President’s Office
(4) Clara Kuan, Secretary General (Designate) of APAC Green Alliance
(5) Ms Zsofia Balatoni, Chief Strategy Officer of Rothman & Roman

17:45-18:45 98th CACCI Council Meeting (CACCI Members Only) (Napier Room, Level 6, One Farrer Hotel)

19:00-21:15 Welcome Networking Reception (Standing) (Grand Ballroom, Level 6, One Farrer Hotel)
19:00 Registration
19:15-19:25 Welcome Address by Mr. Peter McMullin AM, President of CACCI and Mr. Lennon Tan, President of SMF
19:30-21:15 Networking.

12 November 2024

08:00 Registration

09:00 Grand Opening Ceremony

09:00-09:10 Welcome Address by Mr. Lennon Tan, President of Singapore Manufacturing Federation (SMF)

09:10-09:20 Address by Mr. Peter McMullin AM, President of Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI)

09:20-09:35 Keynote Address by Guest of Honor

09:35-09:40 Opening Mechanism

09:40 Presentation of Token of Appreciation to GOH

09:45-10:15 Coffee Break

10:15-1145 Plenary Session One: Sustainable and Resilient Business in Asia Pacific
Focusing on building sustainable business, this session would showcase how entrepreneurs across the APAC region are incorporating eco-friendly practices into their business models. Topics include green financing, sustainable supply chains, circular economy initiatives, and the role of startups in solving environmental challenges. Panel discussions would cover strategies for balancing economic growth with environmental stewardship, highlighting successful examples from various sectors.
Moderator: Mr. Lennon Tan, VP of CACCI for Sustainability and President of the Singapore Manufacturing Federation (SMF)

11:45-13:15 Plenary Session Two: The New Business Frontier: the Age of AI
This session explores the transformative impact of artificial intelligence and Cyber security across the Asia Pacific. Session speakers could delve into case studies of AI-driven business models, the role of AI in streamlining supply chains, enhancing customer experiences, and driving efficiencies. Discussions may also touch on policy frameworks and partnerships necessary to foster AI innovation while ensuring ethical and equitable deployment.
Moderator: Mr. Dennis Hu, Chairman of the Asian ICT Council

13:15-14:30 Lunch

14:30-16:00 Plenary Session Three: Future of Trade: Digitalization, E-commerce, and Cross-Border Collaboration
This session will examine the rapidly evolving landscape of international trade, emphasizing the digitalization of trade processes, the explosion of e-commerce, and the importance of cross-border collaborations. Discussions could include the impact of digital currencies, blockchain in trade finance, and strategies for small and medium enterprises (SMEs) to tap into global markets. The session could also address policy adaptations and infrastructural support needed to facilitate seamless digital trade.
Moderator: Mr. Sheikh Fazle Fahim, VP of CACCI

16:00-17:00 Special Session on “Johor-Singapore Special Economic Zone”

17:00-17:15 Special Address on the 14th World Chambers Congfress 2025 Melbourne by Mr. Paul Guerra, Chief Executive of the Victorian Chamber of Commerce and Industry.

17:15-18:15 99th CACCI Council Meeting (Council Members Only) (Napier Room, Level 6, One Farrer Hotel)

19:00-22:00 Gala Dinner (Seated) ( Grand Ballroom, Level 6, One Farrer Hotel)

18:45 Registration and Cocktails
19:25 Guests to be seated
19:30 Start of Dinner
(1) Introductions by Emcee
(2) Welcome by SMF President Lennon Tan
(3) Welcome by CACCI President Mr Peter McMullin AM
(4) Speech by Guest of Honor (TBC)
(5) Installation of New Chairman of the Young Entrepreneurs Group of Asia-Pacific (YEGAP)
(6) Installation Ceremony for Newly Elected CACCI President
(7) Presentation of CACCI Awards
(8) Presentation of Token of Appreciation
22:00 End of Dinner

13 November 2024

09:30-12:00 Morning Business: Sitge Visit to Hyundai EV Factory in Singapore.

14:30-16:30 Afternoon Business: Site Visit to Innovation Centre under Agency for Science, Technology and Research (ASTAR) of Singapore.

Morning and Afternoon Social: Sightseeing tours by Travel agent (Payable)

Departure of Delegates

Registration Fees

Group Booking Perks

(1) For online registration and latest program, please click HERE.

(3) Conference fee does not include hotel accomodations. Early room rates are available until 10 October 2024. Please book HERE.

CACCI invited to Commonwealth Business Forum in Samoa on October 23-24 2024

A beach surrounded by palm trees and the sea under the sunlight in the Savai’i Island, Samoa

CACCI would like to share with its members an invitation letter from The Commonwealth Enterprise and Investment Council (CWEIC) inviting CACCI members to the 13th Commonwealth Business Forum (CBF) to be held on 23-24 October in Apia, Samoa.

“The Commonwealth Enterprise and Investment Council (CWEIC), in partnership with the Government of Samoa, is delighted to invite you to the 13th Commonwealth Business Forum (CBF) from 23rd – 24th October 2024 in Apia, Samoa.

“Please find attached a formal letter from our Chairman, Lord Marland of Odstock, inviting CACCI to send a senior private sector delegation to the Forum. This year, we are honoured to support the participation of distinguished leaders, including H.E. Fiame Naomi Mataʻafa, Prime Minister of Samoa.

“The CBF is designed to provide a space for high-level dialogue between businesses and government leaders from the Commonwealth and beyond. An important aim is to develop stronger partnerships to promote sustainable growth and resilience across the world. The Forum is attended by Heads of Government, Ministers, and senior business leaders from across the Commonwealth. Invitations will be extended to all 56 Commonwealth Heads of Government, along with a targeted list of leading businesses, institutions, and investment funds that can make a significant impact on the discussions.

“CWEIC has identified a select number of Commonwealth Country Chambers of Commerce, Investment Promotion Agencies, and Business Delegations from around the world to lead delegations and showcase their positions as the apex business organisations in their respective countries.

You can click on the following three documents for further details:

• A formal letter of invitation from CWEIC Chairman Lord Marland of Odstock
• CBF 2024 Programme
• Delegation Form”

For more information, please contact the CACCI Secretariat at cacci@cacci.biz

ADB Invitation to Attend “Asian Economic Development Conference 2024” in Seoul, South Korea

CACCI would like to share with its member an invitation from Joseph E. Zveglich, Jr., Deputy Chief Economist, Economic Research and Development Impact Department, Asian Development Bank, to attend the 3rd Asian Economic Development Conference to be held on 13–14 July 2024, in Seoul, South Korea:

“Dear Colleagues,

We are pleased to invite you to the 3rd Asian Economic Development Conference to be held on 13–14 July 2024. The conference is organized jointly by the Asian Development Bank, Asian Development Bank Institute, and Seoul National University.  It features knowledge and research that provide critical insights on key development challenges in Asia and the Pacific, including climate change, inequality and poverty, health and education issues, cross-border trade impediments, and macroeconomic and financial instability, among others.

Please see agenda.

Registration can be accessed at the conference webpage: Asian Economic Development Conference 2024 (eventsair.com)

CACCI VP Tariq Sayeed discusses Iran-Pak Wind Power Project with Minister of Energy

Khurram Tariq Sayeed, CEO Iran-Pak Wind Power and CACCI VP joined Mr. Hassan Nourian, Consul General of Iran in Karachi on a visit to Syed Nasir Hussain Shah, Provincial Minister of Energy, Planning & Development of the Sindh Government.

Also present on the occassion were First Counsel Mr. Amir Jafari, Secretary of Energy GOS Musadiq Ahmed Khan, CEO Sindh Transmission & Dispatch Company (STDC) Saleem Shaikh and the Director of Alternative Energy Department GOS Mehfooz Qazi.

The delegation briefed the Minister on the progress advanced by the Iran-Pak Wind Power project and other on-going initiatives by the Iranian investors in the energy sector of Pakistan, especially those in the Sindh Province.

The delegation appreciated the efforts being undertaken by Mr. Nasir Hussain Shah since taking charge of the Ministry of Energy after the recent elections. During the discussions, Mr. Shah assured the delegation that all investment’s impediments will be removed in order to fast track the wind power projects in Sindh.

CACCI President elected Vice Chair of ICC WCF

CACCI President Peter McMullin AM has been elected Vice- Chair, Southeast Asia and Oceana at the ICC World Chambers Federation (ICC WCF).

ICC WCF has 1500 members from more than 100 countries and territories. It is the forum that connects chambers across global borders, creating a better environment for business and small and medium sized enterprises (SMEs), and driving prosperity and opportunity for all.

According to President McMullin, the idea of ‘merchants of peace’ was always attractive to him and remains so. Over 100 years ago a group of people, in the aftermath of the First World War, formed what is now known as the International Chamber of Commerce (ICC). It was founded on one common idea: if people traded and did business with each other they would be less likely to enter into conflict.

In reality, they would be ‘merchants of peace’. 100 years on, and the essence of those founding ideas has never been more important. In a time of geopolitical upheaval, the ICC World Chambers Federation is uniquely positioned to contribute to both peace and prosperity on our planet.

In this role, President McMullin says he looks forward to doing what he can to ensure the spirit of the ‘merchants of peace’ lives on. Additionally, he is eager to bringing the full weight of CACCI’s experience and its 27-country network to the ICC WCF Executive Board, and in continuing his goal to help business get SET for the future.

CACCI Profile – June edition available

23CACCI is pleased to announce that the June 2024 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update includes the announcement of CACCI President Mr. Peter McMullin AM’s appointment as Vice Chair of ICC WCF. The issue also features CACCI’s latest webinar on Bangladesh’s Business Environment. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

CACCI President: Why We Must Invest in Timor-Leste

A Promising Future for Sustainable Development

Over the past month CACCI President Peter McMullin AM has reflected on Australia’s relationship with Timor-Leste because he has supported the country and its leaders for over 40+ years. He has visited the country countless times and was honoured to receive the Order of Timor-Leste late last year. Timor Leste occupies a special place in Peter’s heart.

Over this time, Peter has seen the country go through many ups and downs. From civil unrest and conflict to finding its feet again after decades of occupation and political instability. Today the country is at another crossroads as it faces a declining oil reserve, a young population who need jobs, and a reform agenda towards sustainability,

For these reasons, CACCI President Peter McMullin AM is pushing for more support for Timor-Leste and here Peter speaks out what is needed.

Former Australian Ambassador to Timor-Leste Peter Roberts, Prime Minister Xanana Gusmao and CACCI President Peter McMullin AM

Why we need to start investing in Timor-Leste

Investing in Timor-Leste is not just a moral obligation. It’s a strategic act vital for regional stability and prosperity. Here are four reasons why.

(1) Strategic Location and the Economic Potential of Timor-Leste

Timor-Leste is only 1-hour away from Darwin by air. They are one of our closest neighbours. Combined with its strategic position, Timor-Leste offers a gateway to Pacific and Asian markets. This young nation, though small, is rich in untapped human capital and possesses significant potential for growth in sectors like tourism, agriculture, and energy – particularly renewable energy. Its government is committed to an ambitious economic reform agenda to enhance investor confidence and streamline business operations.

(2) Commitment to Sustainability and Renewable Energy

The leadership of Timor-Leste has openly embraced the challenge of sustainability. This commitment is crucial as it aligns with global shifts towards green energy and sustainable practices. Investing in Timor-Leste’s renewable energy sector could yield significant returns not only financially but also in advancing global sustainability goals. The country’s potential in solar and oceanic energy is vast and remains largely untapped.

(3) Strengthening Regional Stability through Sustainable Development

Timor-Leste can be a model for a smooth transition to sustainability. As nations worldwide grapple with economic recovery post-pandemic, supporting emerging economies can lead to more balanced regional development and stability. Timor-Leste’s development can serve as a model for other nations in the region, showcasing how sustainable practices can be integrated into national development plans.

(4) Social Impact and Building Community in Timor-Leste

It is not merely about financial returns but about fostering a just and equitable world. Supporting this young democracy helps ensure that our closest neighbours have opportunities for education, healthcare, and economic prosperity. Socially responsible investments can support infrastructure projects that improve everyday life and help build a resilient society.

To view two business opportunities from Timor Leste, click HERE.

New Chairman of the CACCI Budget Commission

CACCI would like to announce the  appointment of CACCI President Mr. Peter McMullin AM as the new Chairman of the CACCI Budget Commission, replacing Mr. Morris Li. The appointment of Mr. McMullin has been unanimously endorsed by the CACCI Advisory Board.

Nominations for CACCI Office-Bearers for 2024-2026

CACCI is holding elections this year 2024 for new office bearers for the term 2024-2026. As such, we seek your help in identifying qualified candidates to assume leadership positions in CACCI. The nominee should have the following qualifications:

1. Must be a key member and is fully endorsed by your Chamber, to ensure he/she has the full support of your local constituencies;
2. Must have a strong interest and commitment to the chamber movement and to actively participate in the activities of CACCI,
3. Must be willing and financially capable to travel to attend CACCI meetings and other CACCI-related activities
4. Must be in a position to serve as liaison between CACCI and the local business community in his/her country
5. Must be proficient in English, and
6. Must be eager and willing to render volunteer work for CACCI

The specific responsibilities of the CACCI President, the Vice Presidents, Honorary Treasurer, and Budget Commission Members can be downloaded HERE. This document can serve as guide in identifying and nominating appropriate candidates for these positions. A list of the incumbent CACCI officers is also enclosed.

We would also like to draw your attention to the following Guidelines for the Nomination process:

1. Only those Primary Members who are up-to-date with their membership fee payment are qualified to nominate candidates

2. The following documents should be submitted along with each nomination:
   • Curriculum Vitae of the candidate
   • Acceptance of Nomination (to ensure that the candidate, if elected, will serve the position for which he/she is nominated.)

3. Nominations will be accepted for the following positions:

Maximum number of nominees

Please inform CACCI about your nominees for the above positions by accomplishing the attached Nomination Form – along with the Acceptance of Nomination and Curriculum Vitae of each nominee – and sending them back to us by July 31, 2024, if possible. We will submit all nominations to the CACCI Advisory Board for consideration.

Invitation from ICC WCF to Attend the 9th ICC Asia Pacific Conference on International Arbitration

CACCI is pleased to convey to its members the invitation from the ICC World Chambers Federation to attend the 9^th ICC Asia Pacific Conference on International Arbitration to be held on 27-28 June 2024 in Singapore:

“Join us on 27-28 June 2024 for the 9th ICC Asia Pacific Conference on International Arbitration in Singapore. Under the theme “Looking ahead: shaping the international arbitration ecosystem“, this event will bring together leading arbitration practitioners, in house counsel and academics. Second Minister of Law, Mr Edwin Tong SC, will deliver the keynote address.

Highlights will include the unveiling of the ICC-Jus Connect-McCann Report on Cross-Cultural Business, interactive sessions on expedited arbitration processes, and a behind-the-scenes look at the challenge of arbitrators with members of the ICC Court. Don’t miss out on this unparalleled opportunity to network with industry leaders and learn from top professionals.

The ICC Institute of World Business Law’s advanced training, which traditionally kicks off the event, will focus on Amicable Settlement of Disputes in International Arbitration: Party Expectations and Arbitrator Techniques.

Seats are filling up quickly, so register today to secure your spot! The promotional code: LEB-6936 will enable you to benefit from a late early-bird rate (USD 496 instead of USD 699).”

Successful webinar on Envision the Future of AI held 7 June 2024

A successful webinar on “Envision the Future of AI” was held on June 7, 2024. Organized by CACCI and moderated by Dr. Dennis Hu, Chairman of CACCI’s Asian ICT Council, the 90-minute webinar featured 5 experts who presented different perspectives on AI, and showcased their respective nation’s AI programs, strategic plans, focal areas, and developmental endeavors.

Herewith we present to you a summary of their presentations.

SUMMARY

(1) Dr. Yung-Hui Li, Director of AI Research Center, Hon-Hai Research Institute, Taiwan

Dr. Li stated that the general public have seen a glimpse of the AI power by experiencing Chat Gpt. However, it is important to see AI as an industry where a lot of things need to be prepared in the background and manufactured in order to make AI succeed.

From basic label like components such as chips, memory, sensors to devices such as cloud servers, user devices like PCs and smartphones will be needed to structure the new AI industry. Dr. Li said that hardware is fundamental because of the astronomical number of computations needed to reach AI efficiencies.

His company works closely with Nvidia to help package their GPU into modules. On the software side there are other partners such as Meta, Microsoft, Google, and other players who will be the last link to the consumer side.

Dr. Li argued that in order to have a successful AI usage in society, an emerging AI ecosystem is also needed to create smart manufacturing. AI requires the transformation from just making manufacturing electronics to the whole system like EV, so AI’s capabilities need to be embedded into the platform such as in the case of Smart EV.

These AI applications will evolve into complex systems such as smart city platform with overarching applications dealing with issues such as smart transportation, from home to destination using different means at variable times.

(2) Ms. Madeline Newman, Executive Director, AI Forum New Zealand

Madeline Newman talked about Aotearoa New Zealand’s collaborative approach to AI regulation, the importance of inclusion, and the common problems we all have in building trust in AI. She argued for actively creating safe and interesting places for people to play with the toolsets as key to building knowledge, familiarity and trust.

Madeline mentioned that the goal in her market is to use AI to promote economic opportunities using its supporting applications. It is necessary to ensure that society can adapt to rapid and far reaching changes that artificial intelligence technology is bringing.

While New Zealand appears to lack a fixed or stated AI strategy, Madeline said that a lot of work is being done in the background by the Forum and by other entities like the Artificial Intelligence Association, many times in cooperation with some government entities.

The last government wasn’t excited by AI, Madeline said, but the situation has changed in part because New Zealanders are using AI.

Madeliine mentioned that she talked with a number of people from around the Asia Pacific region and found a common problem: AI’s sketchy reputation and the lack of trust from the public. She said that this problem needs to be addressed to accelerate adoption.

Her group, AI Forum, is creating context for future government policy and helping organize data to build up the AI database.

(3) Mr. Oliver Tian, Vice President, Global Robot Clusters, Singapore

Oliver emphasized the importance of leveraging AI to augment human capabilities and extending human potential. He shared the formula “ 0 ==> 1; One + ”.

He discussed the wonders of AI and how it will help humankind as well as the woes and pains of AI. He cautioned against bias, misuse and over-dependence on AI.

He encouraged the audience to know about AI so that “we can be Master of Technology and not be slave to it.” He advised the public to get educated on AI (to a minimum level), to experiment with AI (so as to know how it works), and to continuously engage with practitioners/experts in AI so that one keeps updated on the progress of AI. “Clearly, AI is here to stay with us” Oliver concluded.

(4) Mr. Premjith Krishnan, CEO of Namastrend Business Services Pvt Ltd, India

Premjith Krishnan, in his brief presentation, delved into India’s burgeoning AI market landscape, which is set to soar to USD 6.26 billion during the current year and projected to reach a staggering USD 17 billion by 2027, as per various research sources.

Krishnan highlighted the pivotal role of both governmental initiatives and industry endeavors in propelling AI development within India.

He emphasized well thought-out and multi-directional policies initiatives by NITI Aayog (National Institution for Transforming India) and MeitY (Ministry of Electronics & Information Technology), elucidating on flagship programs such as the India AI Mission and the establishment of various Expert Groups on AI, Open Government Data Platform, and, Centres of Excellence and PPP model initiatives such as the National AI Portal.

Notably, India’s active involvement as a founding member and current Chair of the Global Partnership on Artificial Intelligence (GPAI) and others such as US-India Artificial Intelligence (USIAI) initiative showcases its commitment to collaborative efforts on a global scale. Krishnan underscored India’s leadership position in AI implementation and usage, with a remarkable 91% of Indian companies intending to utilize their data for training AI models, surpassing the global average of 62%. This trend is particularly pronounced in sectors like retail and ecommerce, BFSI, healthcare, education, and agriculture.

Moreover, India’s vibrant startup ecosystem, ranked as the third-largest globally, has witnessed exponential growth in the deep-tech area, with over 31,000 tech startups emerging over the past decade with a 15X growth, as per the NASSCOM-ZINNOV Report. Krishnan also highlighted the milestone achievement of “Krutrim,” India’s first AI Unicorn, marking a significant milestone in the country’s AI journey.

He concluded his presentation by pinpointing areas for improvement, including the absence of specific AI regulation laws, limited availability of high-performance computing devices, scarcity of market-ready models, and concerns surrounding security, misinformation, deepfakes, and transparency. Krishnan’s insights underscored India’s strides in AI development while acknowledging the challenges that lie ahead in harnessing its full potential.

(5) Ms. Vicky Enkhsaikhan, Co-Founder of Empasoft Institute of Technology /Country Director, Women in Tech Global Movement, Mongolia

Vicky is the co-founder of the University of Technology in Mongolia that aims to build domestic skills not only for AI development but for many technology areas.

With only 3.4 million people sandwiched between two giants, Russia and China, the country needs technology to advance and also to provide good quality jobs to his youth comprising 35% of the entire population.

She presented the novel idea of AI for nomadic life in Mongolia, since a considerable number of Mongolian citizens still practice nomadic life in such vast country.

Currently, 25% of the population still lives the nomadic life. Yet they enjoy electricity and Internet 24 hours, including renewable energy generated by wind and solar panels, proving that nomadic life can be sustained with modern technology.

Thus, AI can also be implemented in the nomadic life to strenghten the culture and other traditions of Mongolia.

Vicky also said that language is another cultural area where AI can help Mongolia because only 0.1% of the world population speaks Mongolian language.

Some US$10 millions has been invested in AI area. She recognized that it is a small amount and that much more is needed to make AI usable in the Mongolian market. She also suggested that literature, poems, folk stories and fairy tales can also be incorporated into AI applications that can further solidify nomadic life and education. To that purpose Vicky mentioned Egune, an organization composed of talented engineers interested in the nomadic life.

Some of the presentation files can be downloaded HERE.

The video recording of the presentation can be viewed at the CACCI YouTube channel HERE.

CACCI Secretariat meets with the FCCISL President Mr. Keerthi Gunawardane in Colombo

Mr. Amador Honrado and Ms. Teresa Liu, in representation of the CACCI Secretariat visited the office of the Federation of Chambers of Commerce and Industry (FCCISL), a Primary Member of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), which is the parent organization of ABA during their visit to Colombo in May 29, 2024.

The Secretariat officers were received by FCCISL President Mr. Keerthi Gunawardane and Secretary-General Dr. Tilan Wijayasooriya. During the meeting, the FCCISL officers were briefed on the upcoming activities of CACCI, and expressed interest in participating in the Investment Forum webinar series, submitting nominees for the CACCI Awards, suggesting activities for inclusion in the CACCI Work Program for 2025-2026, and submitting a project proposal for possible funding by the CACCI Foundation. They also said they are prepared to host the ACCI Conference in 2025, and requested the Secretariat to send a formal request letter to FCCISL which President Mr. Gunawardane would submit to the Chamber Board for consideration.

CACCI Officers meet CIECA

CACCI officers led by Director-General Dr. Darson Chiu (2^nd to the left) on June 28, 2024 visited the headquarters of the Chinese International Economic Cooperation Association (CIECA), CACCI Primary Member in Taiwan, where they were received by CIECA officers led by Secretary-General Mr. Frank Wu (2^nd to the right). The two sides discussed CACCI’s participation in the 48^th Joint Conference of ROC-Korea and Korea-Taiwan Business Councils jointly organized by CIECA and the Federation of Korean Industries on July 18-19, 2024 in Seoul, Korea.

CACCI Officers meet with CACCI Asian Council on Tourism Chairman Anura Lokuhetty

During their visit to Colombo in late May 2024, Mr. Honrado and Ms Liu, representative of the CACCI Secretariat met with Mr. Anura Lokuhetty, Chairman of the CACCI Asian Council on Tourism. They discussed with Mr. Anura the proposed agenda and format of the Secotral Plenary Session on  ICT and Tourism to be held as part of the 38^th CACCI Conference to be held on November 11-12, 2024 in Singapore.

They agreed that the theme of the session will be on the use of technology and AI in the tourism sector. Mr. Anura said he will formulate the exact wording of the session theme and will submit this to the Seretariat along, with his  speaker suggestions.

Dr. Darson Chiu, Ph.D. appointed new CACCI Director-General

We are pleased to inform you of the appointment by CACCI President Mr. Peter McMullin AM of Dr. Darson Chiu as the new Director-General of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) effective May 1, 2024, replacing Mr. David Hsu who has retired from the position.

Prior to joining the CACCI Secretariat, Dr. Chiu accumulated an extensive career experience. He was a Researcher at Department of International Affairs in the Taiwan Institute of Economic Research (TIER), a position he held from1999, and was later appointed Deputy Director of the Macroeconomic Forecasting Center at TIER until 2020. He was mainly responsible for the research activities of international organizations such as PECC, APEC, ABAC, PAFTAD, and PBEC. It was in that capacity that he worked closely with the late Dr. Jeffrey L.S. Koo, former CACCI President and one of the pillars of the Confederation, in the latter’s role as Chairman of the PECC Standing Committee and Finance Sub-Committee.

Dr. Chiu also served as Secretary-General of the Chinese Taipei Pacific Economic Cooperation Committee (CTPECC) (2010 – 2021). Since 2014, he has been a Contract Researcher at the Taiwan Security Center, National Chengchi University. He has also served as a Professor in the Department of Economics at Tunghai University since 2017 while concurrently serving as Member of the Editorial Board of the Modern Management Science & Engineering at the British International Journal. From 2018, he has been a Member of the International Economic and Trade Affairs Committee at the Chinese National Federation of Industries until present time. Since 2021, he has also been Honorary Advisor of the Taiwan Southeast Asia and South Asia Association.

In terms of his academic background, Darson obtained his BA in Economics from Tunghai University in 1988 and went on to earn an MA in Economics from the University of Missouri-Columbia in 1994. Continuing his academic journey, he pursued a Ph.D. candidacy in Agriculture and Applied Economics at the same university. In 2007, Darson furthered his qualifications by obtaining a doctoral degree in Leadership in Organizational Management from the University of Phoenix, enriching his expertise in both theoretical and practical realms, especially in economics and organizational management.

He was chosen as Outstanding Alumni of Department of Economics at Tunghai University in 2018 and Outstanding Alumni at the Yunlin County Tuku Elementary School’s 120th Anniversary in 2020.

CACCI Food & Agriculture Newsletter No. XXI available

We are pleased to share with you the 21st Volume of CACCI Food & Agriculture Newsletter, it is available to view or download here.

We hope that this publication will serve as an effective platform for an exchange of information among the tourism sector in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward your materials, preferably with accompanying photos to teresaliu@cacci.biz

Future of AI webinar on June 7, 2024 – Register!

We are excited to extend an invitation to our upcoming webinar titled “Envision the Opportunities of AI,” scheduled for June 7, 2024 at 11:00am Taipei time. This event is organized by the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) – through its Asian ICT Council under the chairmanship of Dr. Dennis Hu – in cooperation with the Foundation for Commerce and Culture Interchange (FCCI), which aims to promote and facilitate cross-industry cooperation, with an emphasis on being an accelerator for cross-border relations between Taiwan and overseas bodies.

In this webinar, esteemed speakers from various domains will delve into the vast opportunities that Artificial Intelligence (AI) presents in today’s rapidly evolving landscape. Our lineup includes:

• Yung-Hui Li, Director of AI Research Center, Hon-Hai Research Institute, Taiwan
• Madeline Newman, Executive Director, AI Forum New Zealand
• Oliver Tian, Vice President, Global Robot Clusters, Singapore
• Premjith Krishnan, CEO of Namastrend Business Services Pvt Ltd, India
• Vicky Enkhsaikhan, Co-Founder of Empasoft Institute of Technology /Country Director, Women in Tech Global Movement, Mongolia

Join us as these distinguished speakers share their insights, experiences, and visions regarding the transformative power of AI across different industries and regions.

For registration and more information on the webinar, please click HERE.

We encourage all members to attend and participate actively in this insightful session. Don’t miss this opportunity to gain valuable knowledge and perspectives on the future of AI.

CACCI Profile – May edition available

24We are pleased to announce that the May 2024 issue of CACCI Profile is now available. Please click here to read or download.

This month’s President’s Update continues to emphasize Sustainability, as the President and his staff continue efforts to have 1 on 1 discussions with members on how CACCI can better provide services regarding the climate transition. CACCI’s Asian ICT Council is also holding a webinar on the future of AI this June 7, with a lineup of speakers from Taiwan, New Zealand, Singapore, India, and Mongolia. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz.

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Asia Pacific Green Alliance webinar for SMEs sustainability presented 23 May 2024

CACCI and Singapore Manufacturing Federation (SMF) presented the webinar on the “Green Alliance Initiative” on May 23, 2024.

Moderated by Peter McMullin AM, CACCI President, with Lennon Tan, SMF President and CACCI Vice President for Sustainability as panelist, the one-hour session featured Clement Teo, SMF Chief Sustainability Officer and Assistant Chief Executive as main presenter, sharing information on the newly launched Asia Pacific Green Alliance Initiative to empower Asia Pacific SMEs on their journey to sustainability.

SUMMARY

Mr. McMullin initiated the webinar by thanking his good friend Mr. Tan for inviting CACCI to be a founding member of the Asia Pacific Green Alliance (APAC GA).

The CACCI President also said that Small and Medium Enterprises (SMEs) need a project such as APAC GA to address the sustainability requirements being imposed on international trade.

On his part, Mr. Tan said that since the launching of the APAC GA in January 2024, the journey of many CACCI members has been directed towards a net 0 goal. He reiterated that his goal at the helm SMF is to lead Singapore manufacturers towards Industry 5.0 which in simple terms is “putting sustainability at the center” while simultaneously implementing digitalization and automation of industries.

Indeed, both Presidents expressed their goal of helping CACCI members on their sustainability journey to learn through good practices, guidance and collaboration, so that SMEs have resources to be successful in a greener world.

During his presentation, Mr. Teo argued for the necessity of embarking on the sustainability transformation. He said that Singapore’s focus on environmental issues is well known and as such, SMF took the lead in creating APAC GA to help Asian SMEs becoming more green.

He added that some policies on carbon tax are already in place and informed that SMEs will also need to monitor their own cost of energy consumption, thus SMEs need to consider electrical and waste management procedures, too.

He mentioned that the Singapore Exchange has implemented a mandatory rule on climate reporting by 2025 onwards. Such measures imply that companies supplying Multinational Corporations (MNCs) or listed companies will have to embark in some sort of reporting as well.

On the positive side, Clement said that it is possible to gain competitive advantage by embracing sustainability early and smartly. The plan is to find a cost effective solution that is scalable and based on expert advise.

Clement said that one building block on the APAC GA is the position of Chief Sustainability Officer (CSO) leading inside the organization. The CSO’s objective is to continue the corporate business in a sustainable way through training and good policing.

APAC GA wants to guide companies on their sustainability transformation, help them overcome the inertia, and then support them in the allocation of resources and usage of expertise to develop a comprehensive sustainability strategy.

One important aspect of the APAC GA is to help SMEs keep up with regulatory requirements that affect customers’ performance, market access and stakeholders’ demands.

Clement added that there are 3 key objectives. First is to future-proof the businesses of SMEs by helping them meet regulatory and customer requirements.

Second is to help business owners on their triple bottom lines: profitability, people welfare and planet conditions. Third is to help SME’s visualize their future in innovative and green ways through better products and/or services so that they can reach new and better markets and customers.

Clement recommended that the first practical step after the launching of the Asia Pacific Green Alliance in January of 2024 is to build talent and standards.

APAC GA is currently preparing two certification standards: Green Manufacturing (GM) and Green Business (GB) which will provide seal of approval based on trained assessors and auditors from recognized international companies.

The APAC GA plans to create training programs to establish a cadre of green consultants working with national chambers of commerce in the Asia Pacific region.

Building professional capabilities at the national chamber level will facilitate the SME’s path towards sustainability.

The copy of the presentation can be downloaded HERE.

The video recording of the presentation can be viewed at the CACCI YouTube channel below.

YEGAP Executive Committee Holds Update Meeting May 15

Members of the Executive Committee of the Young Entrepreneurs Group of Asia and the Pacific (YEGAP) convened online its regular monthly meeting on May 15 to discuss ongoing and upcoming activities.

Presided by YEGAP Chairman Mr. Rommel Gerodias, the meeting discussed, among others, the following: (a) status of the YEGAP website, planned MOU signing with other young entrepreneur groups from other countries including the Young Entrepreneurs Association of Brunei (YEAB) and the Japan Young Entrepreneurs Group (Japan YEG); planned webinars on how to conduct B2B meetings and how to tap the Middle East market; and the proposed theme, speakers and format for the YEGAP breakout session during the 38th CACCI Conference to be held n November 11-12 in Singapore and hopefully to touch on women entrepreneurship as well.

The meeting were also encouraged to join the scheduled Investment Forum Series lined up for the rest of the year; the webinar on the Green Alliance Initiative in May 23 organized by the Singapore Manufacturing Federation; the webinar organized by the Asian ICT Council on AI Opportunities in June 7; as well as to take part in the survey initiated by CACCI President Mr. Peter McMullin AM aimed at understanding the drivers and needs of SMEs in addressing sustainability.

The EC members were also urged to submit – through their respective Primary Members – their nominations for the 2024 Asia-Pacific Young Entrepreneur Award. Lastly, the meeting reviewed the proposed changes in the draft YEGAP by-laws, particularly those pertaining to the composition and appointment of the Executive Committee members, the succession procedure for the YEGAP Chairmanship and Vice Chairmanship, and the amendment of the by-Laws.

CACCI joins Asia Pacific Green Alliance as founding member

CACCI President Peter McMullin AM was excited to be back in Singapore last January as CACCI President to announce a collaboration with the SMF, the Singapore Business Federation (SBF), the Institute of Singapore Chartered Accountants (ISCA), and the China Council for Promotion of International Trade (CCPIT), in launching the Asia Pacific Green Alliance.

What is the Green Alliance?

Well, it’s a response to the fragmented sustainability landscape we currently navigate. Across nations, we encounter diverse standards, regulations, and approaches to sustainability. This diversity, while reflective of local priorities and contexts, creates a significant challenge, especially for small and medium enterprises (SMEs). Here’s why Peter so excited.

#1: The focus on SMEs.

It’s not a secret that Peter is a huge supporter of SMEs.

The World Bank found that ‘SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90% of businesses and more than 50% of employment worldwide.’

But despite their positive contribution to the economy they also play a key role in climate change.

A report by the OECD found that SMEs can contribute to up to 40% of Greenhouse Gas Emissions. A recent study by the International Chamber of Commerce places that figure at over 50%.

The conclusion is simple – there can be no Net Zero without SMEs. But unlike their larger counterparts like multinational or listed companies, SMEs often lack the resources or expertise to adapt and thrive amid these varying sustainability demands and legislation around the world.

This is why SMEs in the Asia-Pacific region have an important role. As highlighted by the United Nations, the Asia-Pacific not only houses over half of the global population, it is also a pivotal player in the world economy.

However, it faces significant environmental challenges that impact both its population and economic resilience. Our initiative, therefore, is not just timely but of paramount importance. Unless we equip SMEs with the skills, knowledge, and support to take on the climate change challenge, we won’t move the needle.

By leveraging the collective voice of SMEs, we will advocate for regulations that not only benefit the environment but also create a conducive ecosystem for SMEs to thrive sustainably.

#2: The focus on building capability & capacity

Most people, including business owners, know that they want to take action on climate change but often just don’t know where to start.

This initiative is a significant step towards democratising sustainability. By providing SMEs with the tools and resources they need to measure and reduce their carbon emissions, we are ensuring that sustainability is not just reserved for large corporations with significant resources.

It levels the playing field and empowers smaller businesses to contribute to a greener future. It will also help large businesses by providing suppliers along their supply chain with green credentials.

In recognition of the ever-evolving nature of global sustainability standards, the APAC Green Alliance will remain dynamic and adaptable. It will continuously update the various standards to stay in step with international developments and foster cross-border recognition.

Enhancing the capability and capacity of SMEs for sustainable development is not just a feel-good initiative; it’s a necessity for the future of our planet and our economies. By focusing on capability and capacity, we ensure that SMEs are not left behind in the global shift towards sustainability.

38th CACCI Conference will be held in Singapore on November 11-12, 2024

#3: The focus on relationships and collaboration

One country cannot solve this challenge alone. Focusing on relationships and collaboration is vital for launching the Asia-Pacific Green Alliance as it leverages the diverse strengths and resources of the region’s nations.

The Asia-Pacific region, characterised by varying economies, cultures, and environmental challenges, demands a unified approach to effectively combat climate change and promote sustainable practices. The Green Alliance is an invitation that extends to all Chambers of Commerce and Business Associations to join this growing movement. Our collective effort will be focused on nurturing sustainable growth among SMEs across the APAC region. CACCI President Peter McMullin is excited to work with new and familiar faces across the region.

#4: The momentum it builds

Peter couldn’t have planned the timing of this launch any better.

Last year, CACCI gathered in the historic city of Kathmandu, Nepal, for the 37th Annual CACCI Conference. The Conference was successful in bringing together government and business for key discussion in Sustainability, Entrepreneurship, and Trade under the theme ‘Helping business get SET for the future’.

Peter is indeed thrilled to share that the journey will continue in Singapore, where the 38th CACCI Conference will set the stage in November 2024. This next chapter is not just a location change; it’s a leap towards a greener future, spearheaded by the APAC Green Alliance.

From now until the conference, we will be able to spotlight the progress and impact made by the APAC Green Alliance and build upon the knowledge we have created. The conference is more than 7 months away, but we all sense excitement in the air.

#5: The focus on investing in the long-term

The Green Alliance is the work we do today, to create a better tomorrow, Peter argued. Focusing on long-term investments is crucial for the successful launch of the Asia-Pacific Green Alliance, as it underscores a commitment to sustainable development and environmental resilience.

By prioritising long-term over short-term gains, the Asia-Pacific Green Alliance can ensure that its initiatives are not only effective in the immediate future but also contribute to a lasting positive impact on the environment and the economies of its member nations. This Alliance is integral to building a resilient, sustainable future for the Asia-Pacific region and beyond. This can’t exist without building the next generation of leaders to build upon the work we create today.

So while Peter is excited about the progress, CACCI members should be also excited about the future business opportunities that will emerge on this initiative. Let’s bring this all together in 2024 as the year is shaping up positively.

CACCI President said that the launch of the Green Alliance is a step in the right direction and builds the momentum to bring into my Presidential period. Together, all CACCI members could lead the way in sustainable practices, setting an example not just for our region but for the global community.

This message is also a good opportunity to offer best wishes to the Singapore Manufacturing Federation for continued success and innovation as we embark on transforming SMEs locally and regionally, let us embrace the promising prospects and challenges of a sustainable SME sector.

29th Volume of CACCI Tourism Newsletter available

CACCI is pleased to share with you the 29th Volume of CACCI Tourism Newsletter, it is available to view or download here.

We hope that this publication will serve as an effective platform for an exchange of information among the tourism sector in the CACCI region.  Members are, therefore, encouraged to contribute articles for our future issues.  Kindly forward your materials, preferably with accompanying photos to teresaliu@cacci.biz

Meeting with Former CACCI President Jemal Inaishvili

Deputy Director-General Amador Honrado Jr. of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the parent organization of ABA, met with CACCI Advisory Board Member Jemal Inaishvili on May 2 in Tbilisi, Georgia during the 57th Annual Meeting of the Asian Development Bank held on May 2-5 in the Georgian capital.
Mr. Honrado took the occasion to brief Mr. Inaishvili on preparations for the upcoming 38th CACCI Conference that will take place on November 11-12 in Singapore.

CACCI President visits VCCI CEO Paul Guerra

On May 12, 2024, CACCI President Peter McMullin AM paid visit to Victorian Chamber of Commerce and Industry (VCCI) CEO Paul Guerra.

As a former VCCI President, Mr. McMullin AM has been proud to see how Paul has lead this very important organisation.

Both leaders discussed how the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) could best support VCCI’s efforts in making next years ICC World Chambers Federation Congress the best yet.

Peter and Paul expressed their intention of bringing together people from all over the world, and particularly the Asia-Pacific on how we can create a just and prosperous future for us all.

McMullin AM was personally impressed with a number of new initiatives that VCCI has launched and is expanding upon including their hashtag#ChamberChange program that encourages and supports women on their ambitions to take on some of the most challenging executive jobs in Australia. We need more programs like this Peter said as he reiterated his objective of working closely with Paul and his team as we help business get SET for the future.

Well Attended Virtual Workshop on Effectively Managing the Compliance Function

Fintelekt Advisory Services organised a virtual workshop on Effectively Managing the Compliance Function on May 7, 2024.

The resource person for the workshop was Gail Wessels, Compliance, Risk and Corporate Governance Specialist, Regulatory and Financial Crime Compliance Trainer and a lawyer based in Spain. Gail is an empaneled trainer with Fintelekt. Arpita Bedekar, Director, Strategy and Planning, Fintelekt facilitated the workshop.

The virtual workshop was very well attended, with participants from more than 17 countries and 27 different institutions, including banks, insurance companies, mutual funds, money remittance companies, regulatory bodies, and technology companies and national chambers of commerce and industry.

The workshop focused on the multi-faceted role of the compliance function and what is required for its success. Gail started by defining the scope of the compliance function especially within the internal corporate context and external factors. She highlighted that the overlap with areas such as governance, risk and sustainability and the positioning of compliance within the organisation is fundamental to its success.

She also discussed the positioning of the compliance function within the organisation, its authority and independence which consists of its structure, seniority and stature, autonomy and outsourced compliance functions. She stressed that the Board of Directors play a very important role in overseeing compliance and designing robust mechanisms to ensure that the corporation adheres to regulations.

According to Gail, the purpose and value of compliance is in moving away from a tick-box approach to a a compliance strategy that anticipates future trends across products, services and geographies. She highlighted the key elements of an effective compliance programme and examined the role of each of the elements

To a poll question on the likeliest predictor of compliance success, 36 per cent of the attendees chose Support and Culture, followed by 27 per cent in favour of Periodic evaluation and continuous improvement.

Source: Poll conducted during the workshop

The final section underscored that the responsibility and accountability for compliance lies with everybody within the organisation, noting tha several regulators have provided guidelines on accountability and conduct and impose severe liabilities on compliance failures.

Attendees used the opportunity to seek opinions from Gail about compliance issues within their organisations.

All attendees received a Fintelekt-Asian Bankers Association Certificate of Completion for participating in the workshop.

CACCI invites nominations for CACCI Awards 2024

In conjunction with the 38th CACCI Conference to be held this year in Singapore this November 2024, CACCI is launching four categories of awards: the 10th CACCI Local Chamber Awards, the 9th Asia-Pacific Young Entrepreneur Award, the 4th Asia-Pacific Women Entrepreneur Award, and the 4th CACCI Hydropower and Clean Energy Excellence Award. The mechanics of each award are briefly listed below, with the full details linked as well. CACCI Primary Members are encouraged to review the award mechanics and submit their nominations before August 30, 2024.

The 10th CACCI Local Chamber Awards aims to recognize local chambers for their outstanding achievement in promoting the industrial, commercial, and social welfare of their respective communities. Winners will be selected from two categories – Category One for big local chambers with over 200 members, and Category Two for small local chambers with 200 members or less. The full criteria and mechanics, and Nomination Form can be accessed here.

The 9th Asia-Pacific Young Entrepreneur Award aims to recognize outstanding young entrepreneurs in the region, who are not only successful in their business, but also advocate corporate social responsibility. The full criteria and mechanics, and Nomination Form, are available here.

The 4th Asia-Pacific Women Entrepreneur Award aims to recognize excellent women entrepreneurs in the Asia-Pacific rim who not only are successful in their business but also advocate corporate social responsibility for the good of their country. The nomination form, full criteria, and mechanics are available here.

The 4th CACCI Hydropower and Clean Energy Excellence Award is presented by CACCI as a mark of appreciation and recognition to the person or institution that has contributed significantly to the sustainable promotion, support and development of hydropower and clean energy in the Asia Pacific region. Nomination Form, full criteria, and mechanics are available here.

Presentation of the four CACCI Awards will be made during the 38th CACCI Conference to be in Singapore on November 11 to 12, 2024. We encourage your Chamber to participate in this Awards Program and help us in promoting it to your respective constituencies. Should you have further questions, please do not hesitate to let us know.

CACCI Profile – April edition available

CACCI is pleased to announce that the April 2024 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update focuses on the S (Sustainability) in helping businesses get SET for the future, as well as the upcoming webinar that CACCI is organizing on May 23 at 5pm SGT with the Singapore Manufacturing Federation (SMF) to introduce the APAC Green Alliance. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Best regards,

Amador Honrado, Jr.
Deputy Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

Virtual Workshop on “Effectively Managing the Compliance Function” 7 May 2024

CACCI is inviting its members to join a Virtual Workshop on “Effectively Managing the Compliance Function” to be held on 7 May 2024 from 2PM to 4PM Singapore Time.

The 120-minute Virtual Workshop organized by The Asian Bankers Association (ABA), one of the Product and Service Councils of CACCI, in association with Fintelekt Advisory Services, an official ABA Knowledge Partner, will examine the multi-faceted role of the compliance function and what is required for it to be a success.

The expert trainer, Gail Wessels, will refer to practical examples and case studies to bring the content to life, encourage reflection and discussion amongst participants across the following key issues:

(1) TOPICS

• What is the scope of the compliance function?
• What is the overlap with areas such as governance, risk and sustainability?
• Why is the positioning of compliance within the organisation fundamental to its success?
• What is the purpose and value of compliance?
• What are the key elements of an effective compliance programme?
• Who bears responsibility and accountability for compliance?

(2) WHO SHOULD PARTICIPATE?

The programme is relevant for staff from the AML Compliance, Regulatory Compliance, Audit, Legal, Strategy, and Corporate Governance teams.

(3) TRAINER

Gail Wessels
Governance, Risk & Compliance (GRC) expert and lawyer with more than 20 years´ cross-functional experience in mostly financial services, as well as experience in less regulated sectors, has a deep understanding of regulatory requirements in multiple jurisdictions, a solid track record of leading complex transformation projects, implementing and improving GRC programmes, setting up new teams and working with executive management.

Trainer and course designer for the International Compliance Association (ICA), certificated qualifications in AML, GRC and financial crime prevention, guest lecturer at ASCOM (Asociación Española de Compliance), UNIR University, CEU University and IE University Law School. Some notable projects include: designer of compliance programs, compliance obligations mapping, enterprise risk management, third party risk, financial crime risk, corporate criminal risk, GDPR, code of conduct, whistleblowing, assurance and audit – various sectors (regulated and non-regulated). Customer due diligence/ KYC managed service and industry utility. IT transformation and migration of new digital bank in Spain and Portugal.

(4) PARTICIPATION FEE: US$50

Includes access to video recording and Certificate of Completion. Pay online via credit/debit card and register HERE.

CACCI member chamber can avail of 2 free registrations per chamber for this workshop. To get nominated under the free registration, please contact the CACCI liaison at your Chamber.

(5) CONTACT

For additional information, you may touch base with Oliver Dickson or Tel / Whatsapp / Viber: +91 9823188864 / +91 9370078917

ABOUT FINTELEKT

Fintelekt Advisory Services Pvt Ltd is one of the Knowledge Partners of the ABA. It is a specialist in training and advisory in anti-money laundering (AML) and countering the financing of terrorism (CFT) within banking and financial services sectors. It systematically invests its time and effort in building the skill level of professionals working in the banking and financial sector by assimilating and dispensing industry-reviewed best practices and knowledge.

Young Entrepreneurs YEGAP newsletter available

CACCI is pleased to announce the release of the 24^th edition of Asia-Pacific Entrepreneur, the newsletter of the Young Entrepreneurs Group of Asia-Pacific (YEGAP) under the chairmanship of Mr. Rommel Gerodias from the Philippines.

We hope that this edition– and the future ones– will continue to serve as an effective platform for an exchange of information among young entrepreneurs in the region.

If you wish to contribute articles or other materials that can be published in the next newsletter, you may send them through the CACCI Secretariat’s e-mail address at cacci@cacci.biz .

Tentative Program for the 38th CACCI Conference in Singapore

Following the meeting of the CACCI Planning Committee on March 5, we are pleased to inform you that arrangements for the 38th CACCI Conference on November 11-12, 2024 at One Farrer Hotel in in Singapore are currently underway with our host organization, the Singapore Manufacturing Federation (SMF).

Below please find the tentative program for the two-day conference, which will also be known as the Asia-Pacific Economic and Sustainability Forum. With the theme “Making Asian Business Future-Ready”, this year’s event will have three Plenary Sessions focusing on the following topics:

Session One: Navigating the Future: Integrating AI in Asia-Pacific’s Trade and Commerce

Session Two: Sustainable Entrepreneurship: Building Resilient and Green Businesses

Session Three: Future of Trade: Digitalization, E-Commerce, and Cross-Border Collaboration

In lieu of the usual concurrent Breakout Sessions of the CACCI Product and Service Councils, there will be five Sectoral Plenary Sessions covering:

(1) SME Development

(2) Food & Agriculture and Textile & Garments

(3) ICT and Tourism

(4) Entrepreneurship

(5) Water, Energy, Environment and Sustainability.

A special session will also be held on the APAC Green Alliance.

CACCI counts on the support and participation of its members to make the 38th CACCI Conferene a success. We welcome members’ comments on the program, and suggestions for possible speakers. Should any member has questions at this stage, please contact us.

Further information on the conference will be sent out once these are available. In the meantime, CACCI asks that its members already block the conference dates, November 11-12, 2024, on their respective calendar.

CACCI Chief of Staff visits YEGAP’s Vani Nades in Port Moresby

CACCI Chief of Staff to the President Mr. Stuart Mkojera-Thomson met recently with Ms. Vani Nades in Port Moresby. Ms. Nades is the Papua New Guinea Chamber of Commerce & Industry representative on the Young Entrepreneurs Group of the Asia Pacific (YEGAP) Executive Committee.

Mr. Mkojera-Thomson was visiting PNG to discuss how CACCI could better support young entrepreneurs in places like PNG. Despite the challenging environment in which PNG currently finds itself, Ms. Nades was upbeat about the potential young people in PNG can contribute to the Asia-Pacific economy.

Photo: Mr. Mkojera-Thomson (right), Ms. Vani Nades (center),

CACCI Deputy Director–General Calls on PCCI Officers

Mr. Amador Honrado Jr., Deputy Director-General of CACCI (2nd from left) meets with the officers of the Philippine Chamber of Commerce and Industry (PCCI) led by Mr. Raymond Jude Aguilar, Vice President for International Affairs (2nd from right), PCCI Secretary-General Mr. Edwin Glindro (right) and PCCI Manager Ms. Lyn Gabionza (left), at the PCCI headquarters in Makati, Philippines.

Mr. Honrado, Mr. Aguilar, and Mr. Glindro discussed the participation of PCCI in the upcoming 38th CACCI Conference in Singapore in November, CACCI’s participation in the 50th Philippine Business Conference & Expo (PBC&E 2024), the annual gathering of PCCI officers and members, to be held on October 22-23, and PCCI’s participation in the various webinars and other activities lined up by CACCI during the rest of the year.

YEGAP Executive Committee Meets on Activities for the Year

Members of the Executive Committee of the Young Entrepreneurs Group of the Asia-Pacific (YEGAP) met online on April 10 to discuss its recent and upcoming activities for 2024. Chaired by YEGAP Chairman Mr. Rommel Gerodias from the Philippines (2^nd from left, top row), the EC members were briefed and exchanged views on the latest YEGAP activities, works in progress, and proposed activities for the year.

They also discussed plans for YEGAP’s participation in the upcoming 38^th CACCI Conference to be held on November 11-12, 2024 to be hosted by the Singapore Manufacturing Federation in Singapore.

CACCI Deputy DG Meets with CIB.O Executive Director

CACCI Deputy Director-General Mr. Amador R. Honrado Jr. (right) meets with Mr. Buddy Villasis, Executive Director of the Cebu IT BPM Organization (CIB.O) (left) on April 6 during the former’s recent visit to Cebu City in the Philippines.

Mr. Honrado and Mr. Villasis had a follow-up discussion on matters that were taken up during the meeting of Mr. Villasis and Dr. Dennis Hu, Chairman of the CACCI ICT Council, when the former visited the CACCI Secretariat in late March 2024 during his Taiwan trip to attend the Taiwan Smart City Forum as part of the official delegation of the Mayor of Cebu City Mr. Mike Rama.

David Hsu Retires as CACCI Director-General

Mr. David Hsu will be retiring as Director- General of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), effective April 1, 2024.

Mr. Hsu leaves the CACCI Secretariat after a service of two years. He assumed the position on April 1, 2022.

In his commendation letter to Mr. Hsu on his retirement, CACCI President Mr. Peter McMullin AM said that Mr. Hsu’s two-year term in this important position certainly contributed to the continued growth and development of CACCI, and has “tremendously helped me in making my job easier as CACCI President. I therefore commend you for your role, as Director-General, in serving the interest of CACCI members and the Asia-Pacific business community as a whole, and for your valuable contribution in promoting economic cooperation in the region.”

Prior to joining the CACCI Secretariat, Mr. Hsu was Director at the Professional Training Center of Taiwan’s Ministry of Economic Affairs (MOEA). Over the years, he has served in various official capacities at the MOEA, and had been posted in various countries both in and outside the Asian region. He was the Economic Director at the Taipei Economic and Cultural Office (TECO) in Jordan from 1992 to 1995; Commercial Director of TECO in Toronto from 2000 to 2008; Economic Counselor of the Taiwan Embassy in Panama from 2002 to 2006; Economic Director at the TECO in India from 2009 to 2013; and Director of the Economic Division at the TECO in Malaysia from 2018 to 2020.

In Taiwan, some of his most notable positions at the MOEA included serving as Director of the International Cooperation Department from 1997 to 1998; as Director of the Small & Medium Enterprises Administration in 2006 to 2008; as Director of the Bureau of Foreign Trade from 2008 to 2009; and as Deputy Director General of the Bureau of Foreign Trade from 2013 to 2018.

CACCI Presents Plaque of Appreciation to Outgoing Director-General

The CACCI Secretariat, on behalf of the CACCI Officers and Members, presented to Mr. David Hsu a Plaque of Appreciation for his two-year service as Director-General of the CACCI Secretariat from April 2022 (left photo). Mr. Hsu also received a letter of commendation from CACCI President Mr. Peter McMullin AM for his contribution to the efforts of CACCI in promoting cooperation among its members and the region’s business community as a whole. Mr. Hsu received these during the Farewell Lunch hosted for him by the staff of the CACCI Secretariat on March 25, 2024.

Asian ICT Chairman Meets with CIBO Officer

Dr. Dennis Hu, Chairman of the CACCI ICT Council (leftmost), met with Mr. Salvador Villasis, Executive Director of Cebu IT BPM Organization (CIBO) (2nd from right) on March 22 at the CACCI Secretariat office in Taipei. Dr. Hu and Mr. Villasis exchanged views on possible assistance that the ICT Council, through Dr. Hu, can extend to CIBO particularly in meeting the digital skilling requirements of CIBO to beef up the talent pool of the ICT industry of Cebu.

Dr. Hu is President and Founder of the Foundation for Commerce & Culture Exchange which aims to promote internation cooperation and collaboration in Smart++industries development, I.e., Smart City, Smart Healthcare, Smart Agriculture, Smart Transportation, Smart Tourism, etc. Mr. Villasis, who formerly served as Executive Director of Cebu Chamber of Commerce and Industry, was in Taipei as part of the delegation from Cebu that attended the 2024 Smart City Summit and Expo (SCSE) that took place both in Taipei and Kaohsiung from March 19th to 23rd, 2024.Joining the meeting between Dr. Hu and Mr. Villasis were CACCI Director-General Mr. David Hsu (2nd from left) and Deputy Director- General Mr. Amador Honrado Jr. (rightmost)

CACCI Signs MOU with ICTTM

The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a strategic partnership with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI). Signed virtually on March 21, this Memorandum of Understanding (MOU) signifies a united effort to empower businesses across the Asia-Pacific region with cutting-edge technology and an unparalleled depth of data for enhancing international trade and supply chain transparency.

Under this MOU, CACCI member organizations and their constituents across 27 countries will gain priority access to ICTTM’s innovative platforms, ADAMkyc and ADAMftd, designed to revolutionize trade data analysis, market forecasts, supply chain mapping, and KYC compliance. This collaboration underscores a shared vision for a more transparent, efficient, and compliant global trade ecosystem. By providing complimentary access to ICTTM’s cutting-edge platforms to CACCI’s extensive network, the partnership is set to revolutionize how businesses in the Asia-Pacific region approach international trade, supply chain mapping, and KYC (Know Your Customer) compliance.

The Hon. David Wells, Board Chairman of the ICTTM, emphasized the partnership’s role in advancing trade transparency and facilitation, “Our cooperation with CACCI is a notable step towards our goal of driving innovation in global trade. The provisioning of our ADAMkyc and ADAMftd platforms to CACCI’s broad and diverse network of national chambers and beyond will empower businesses with the insights and tools needed for success in the international market, and marks a new era of trade efficiency and compliance.”

Mr. David Hsu, Director-General of CACCI, added, “The strategic partnership with ICCTM through the signing of the MOU certainly provides CACCI another valuable platform to further strengthen its role in increasing regional business interaction, promoting intra-regional trade and investments, and enhancing regional growth . CACCI believes that trade not only helps business supply the world with the goods and services we all desire, it also builds and maintains cross-border relationships, thereby making chambers of commerce and businesses truly merchants of peace.”

CACCI Profile – March edition available

CACCI is pleased to announce that the March 2024 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update includes the announcement of CACCI Director-General David Hsu’s retirement, as well as a recap of the 43^rd Japan YEG National Convention in Komatsu, which CACCI took part in. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.

Best regards,

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

CACCI joins 20th Joint Meeting of CIECA and MNCCI

On March 20, 2024, the Chinese International Economic Cooperation Association (CIECA) and the Mongolian National Chamber of Commerce and Industry (MNCCI), both active Primary Members of CACCI, held their 20th Joint Meeting at the Taipei International Convention Center (TICC).

The Joint Meeting gathered several dozen businesspeople, company representatives, leaders of both national chambers of commerce, and government representatives interested in fostering business activities between Taiwan and Mongolia.

The one-day meeting started with remarks from Ms. Carol Cheng, COO, Taiwan Research-based Biopharmaceutical Manufacturers Association (TRPMA); Mr. Uuganbayar Bat-Ochir, CEO, Uvurkhangai Province Branch of the Mongolian Chamber of Commerce and Industry (MNCCI); H.E. Bill Keh-Ming Chen, Ambassador on Home Assignment, Taiwan Ministry of Foreign Affairs; and Mr. Tumurbaatar Gankhuyag, Representative, Ulaanbaatar Trade and Economic Representative Office in Taipei.

The Joint Meeting’s morning events continued with four short, specialized business sessions on: (1) Medicine and Medical Devices featuring Uni-Shinmed Co. Ltd., Odi Tan LLC, and Regional Diagnostic at Uvurkhgai Province; (2) Food Processing featuring ANKO Food Machine Co.; (3) Tourism featuring JIN HE International Travel Service Co., Ltd. and Khovd Province MNCCI; and (4) Building Materials featuring Supperline International Enterprise.

After lunch, a series of B2B meetings were held to match businesspeople interested in other industries not covered by the morning session, such as textiles, import/trade, education & training, agriculture & environment, and smart equipment.

Malaysia FMM is newest CACCI member

CACCI is pleased to announce the Federation of Malaysian Manufacturers (FMM) as its newest member. FMM is headquartered in Kuala Lumpur and is currently the only CACCI Primary Member from Malaysia.

Established in 1968, FMM is Malaysia’s premier economic organization that has consistently led Malaysian manufacturers in spearheading the nation’s growth and modernisation. It is currently the largest private sector economic organisation in Malaysia, representing over 3,000 manufacturing and industrial service companies of varying sizes.

CACCI warmly welcomes FMM and looks forward to future cooperation with the organization and its members!

CACCI Attends 43rd Japan YEG National Convention in Komatsu

The Young Entrepreneurs Group of the Japan Chamber of Commerce and Industry (Japan YEG) recently held their 43rd National Convention in Komatsu, Ishikawa from March 13 to 17, 2024. The multi-day event is an annual gathering of young entrepreneurs from across the eight regions of Japan, packed with meetings, networking dinners, ceremonies, product exhibitions, and excursions. This year’s theme highlighted the ‘Power of

Community’ exemplified by the membership, particularly in light of the Noto earthquake that tragically struck Ishikawa on January 1, 2024. The 2024 convention attracted over 10,000 attendees from 417 local chambers, along with foreign delegates from Cambodia, Philippines, Taiwan, Thailand, and Vietnam who were invited to attend festivities on March 15 and 16. In attendance from the CACCI Secretariat were Senior Officers Teresa Liu and Abby Moreno.

On March 15, Japan YEG’s International Business Committee (IBC) signed MOUs with the Vietnam Young Entrepreneurs Association (VYEA), the Young Entrepreneurs Chamber of Commerce Thailand (YEC Thailand), and the Philippine Young Entrepreneurs Association (PYEA) at the Komatsu Chamber of Commerce and Industry. Attending as observers were representatives of the Young Entrepreneurs Association of Cambodia (YEAC), Taiwan’s Third Wednesday Club Young Entrepreneurs Group (TWC-YEG), and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI). YEAC and TWC-YEG have previously signed MOUs with Japan YEG, while the Japanese Chamber of Commerce and Industry (JCCI) is a founding member of CACCI.

During the MOU ceremony, Japan YEG Chairperson Ms. Asako Kimura signed three separate MOUs with VYEA President Mr. Dang Hong Anh, YEC Thailand Vice President Mr. Kraisorn Chatlekavanich, and PYEA President Ms. Charmaine Co Leong. According to the memorandum, parties will collaborate to organize projects promoting cooperation, establish networks to facilitate business exchanges, connect businesses through trade promotion activities, support businesses in accessing capital sources, and organize workshops and forums to share experiences, knowledge, and trends, among other goals.

The MOU signing was announced to the Japan YEG membership at the Convention Ceremony held at the Komatsu Dome on March 16, 2024. IBC Chairman Mr. Hiromi Aoki invited representatives of the overseas delegations onstage to deliver their brief greetings and congratulations to the 43rd National Convention. CACCI Senior Officer Ms. Teresa Liu spoke on behalf of CACCI President Mr. Peter McMullin AM.

YEGAP Co-Organizes B2B Meeting with YEGs from Iran

The Young Entrepreneurs Group of Asia Pacific (YEGAP) co-organized with the Youth Business Club Iran and the Iranian Business Council-Dubai a virtual B2B meeting on March 6, 2024.

Moderated by YEGAP Chairman Mr. Rommel Gerodias from the Philippines, the online meeting provided the participants the opportunity to introduce themselves to each other, what their business interests are, and explore possible business cooperation.

The attendees represented various industry sectors and fields of activity, including medical, food, chemical, car parts, clothing and garment, renewable energy, and tourism.

CACCI Delegation visits Ulaanbaatar Trade and Economic Representative Office in Taipei

On March 5, 2024, CACCI Director-General David Hsu (third from right) paid a courtesy visit to the Ulaanbaatar Trade and Economic Representative Office in Taipei, where he was welcomed by Representative Gankhuyag Tumurbaatar (third from left), and Deputy Representative Ulziibat Altandush (rightmost)

Mr. Hsu was joined by CACCI Deputy Director General Mig Moreno (second from right), CTBC Financial Holding Senior VP Stephen Wang (second from left), and CTBC Financial Holding Senior Associate Ting Ting Wang (leftmost).

During the visit, Mr. Hsu briefly talked about the history of CACCI, which was established in 1966 to serve as a platform to connect businesses in the region. He mentioned the activities and events that CACCI has done over the years, and then elaborated on plans for 2024.

Mr. Hsu explained that CACCI works closely with the Mongolian Chamber of Commerce and Industry (MNCCI), an active member chamber, in enhancing business activities and training opportunities for Mongolian businesses. He said he hoped to likewise establish a good relationship with the Mongolian Representative Office in Taipei to further support this cause. Mr. Hsu also informed Representative Tumurbaatar of the CACCI’s annual conference, which this year will be held in Singapore on November 11 and 12, 2024.

For his part, Representative Tumurbaatar expressed his support to CACCI’s efforts promoting Mongolian businesses in the Asia-Pacific region and beyond.

CACCI Planning Committee Meets to Discuss Preparations for the Singapore Conference

The CACCI Secretariat organized on March 5 the online CACCI Planning Committee to discuss initial preparations for the 38th CACCI Conference to be held in Singapore in November 2024.

The meeting was chaired by SMF President Mr. Lennon Tan on behalf of CACCI President Mr. Peter McMullin AM, who was unable to join as he was not available at the time. A total of 36 delegates from 12 countries attended the Meeting, including representatives from Australia, Bangladesh, Hong Kong, India, Japan, Nepal, Pakistan, Russia, South Korea, the Philippines, Türkiye, and Taiwan.

Among the decisions made during the meeting were the: (a) Conference date; (b) Conference venue; (c) Conference Theme and Topics; (d) Conference Speakers; and (e) Conference program and format.

A s regards the Conference theme and topics, the Committee agreed that, based on the suggestions from members, the Conference should focus on the following timely and relevant topics of current concern to the region’s business sector, namely:

1. Sustainability/ Green Economy
2. Entrepreneurship
3. Trade Facilitation
4. Digital Transformation
5. Artificial Intelligence in business

The CACCI Secretariat was tasked to formulate the theme and topics, taking into account the suggestions and comments made by the Committee, and submit these to SMF for review and further comments. These will then be forwarded to the Committee members for additional input, including their suggestions on speakers for the agreed topics.

The Committee members also noted the submissions made on possible Conference speakers. However, they agreed that the speaker line-up can be considered only after the Conference theme and topics are finalized. The CACCI Secretariat was tasked to coordinate with SMF and the other members of the Planning Committee on their suggestions for speakers.

The CACCI Secretariat was also requested to coordinate with SMF on the finalization of the Conference Program, taking into account the comments and suggestions raised by SMF and members of the Planning Committee, as well as by other CACCI members.

4 Training Seminars on International Trade Terms for Spring 2024

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is proposing to organize Spring 2024 Training Sessions – in cooperation with interested Primary and Affiliate Members – four different one-day training seminars on International Trade Terms 2020 (Incoterms 2020) and related themes.

The four proposed one-day Seminars are:

(1) New Revision of the International Trade Terms
What you need to know to make your international trade deal successful based on Contract of Sale and ICC Rules Incoterms 2020 (one day)

(2) Developments on Demand Guarantees and Standby L/C World (one day)

(3) Payment and Security Instruments in Foreign Trade, and Trade Finance
How to secure your exports overseas? (one day)

(4) INCOTERMS 2020 and linkage to documentary credits
Updated ICC Publication ISBP 821 explained! (one day)

As the Incoterms 2020 continue to be updated since its inception in January 1, 2020, being familiar with all changes and their impact is a must in the international trade and finance world. Moreover, new changes, updates and new developments were implemented during 2023 that might require further study today.

Interested chambers can choose from the suggested topics and preferably organize at least a two one-day courses. The programs can be adjusted according to the Chamber’s needs.

For instance there could be more comprehensive one-day course just on documentary credits and their financing, with news on some practical issues. New topics can be added or deleted. In fact, more time will be allocated to practical case studies and discussions.

By attending the seminars, participants will be able to:

(1) Get a further understanding on the main aspects of contract of sale, related risks, main problematic issues;

(2) Familiarize themselves with trade terms as per Incoterms and above all with new revision Incoterms 2020 – their practical impact on international trade and finance; and

(3) Learn about the relationship of payment terms to trade terms – Incoterms 2020.

The seminars will be conducted by Mr. Pavel Andrle, Secretary to the Banking Commission of ICC Czech Republic as well as Member of UCP 600 Consulting Group.

In this regard, we would like to know whether your Chamber is interested in hosting the proposed seminars under a cost-sharing arrangement as outlined in the Shared Responsibilities Agreement.

Please let us know if your Chamber is interested to host the proposed seminars under the proposed cost-sharing arrangements by filling out the Response Form and returning it to us through our Fax No.: (886 2) 2760-7569 or e-mail cacci@cacci.biz by March 30, 2024.

The four seminars’ syllabus, Mr. Pavel’s resume, Shared Responsibilities Agreement and Response Form can be downloaded HERE.

CACCI Profile – February edition available

CACCI is pleased to announce that the February 2024 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update includes information about the upcoming CACCI Planning Committee Meeting on March 5, as well as a planned virtual B2B meeting between the Young Entrepreneurs of Asia-Pacific (YEGAP) and the Youth Business Club of Iran. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.

Best regards,

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

CACCI Secretariat Executives Meet with JCCI Officers

CACCI Director-General Mr. David Hsu (rightmost) and Deputy Director-General Mr. Amador Honrado (2nd from left) were hosted lunch by Mr. Kazuo Nishitani, Executive Director and General Manager, International Division, Japan Chamber of Commerce (JCCI) (2nd from right) and Mr. Masahiko Oshima, Manager, International, Division, JCCI (rightmost) on February 23 during
the former’s recent official visit to Tokyo.

Mr. Hsu and Mr. Honrado invited the JCCI officers to send a delegation to the upcoming 38th CACCI Conference to be held in November 2024 in Singapore and to attend the virtual February 29 Planning Committee Meeting to discuss preparations for the Conference, and explored with them the possibility of participating in the “Investment Forum” series and make a presentation on the current trends and developments in the Japanese economy and opportunities for trade and investment presented by the country for CACCI members from other countries.

CACCI Chief of Staff to President McMullin visits the Kenya Chamber of Commerce and Industry (KCCI)

Chief of Staff to President McMullin, Mr. Stuart Mkojera-Thomson, recently had the privilege to visit with the Kenya National Chamber of Commerce & Industry (KNCCI).

KNCCI is hosting one of the globally recognised International Chamber of Commerce (ICC) Centre of Entrepreneurship (CoE). The ICC Centre of Entrepreneurship global programme was
established in 2020. The programme leverages the ICC network to help its partners access knowledge and expertise from across the world. The ICC Centre of Entrepreneurship network today spans 14 countries and four continents, helping SMEs increase their participation in global trade and build global competitiveness.

During the visit, Mr. Mkojera-Thomson met with a range of innovative and dynamic entrepreneurs including:

• Camino Ruiz who is adopting sustainable aquaculture practices to build a viable tilapia value chain helping ensure producers get their
  fair share.
• iSOKO Kenya who provides a web and mobile platform for women traders. This platform is a regional digital market place for the East Africa region. It also holds important market information and business management tools.
• SOINHoney which is a natural honey business that also focuses on health and well being. Honey was and still is used by households worldwide to treat wounds and common illnesses.

Special thanks go to KNCCI Vice President Mr. Mustafa Ramadhan and Virginia Waruingi MCIM for welcoming CACCI and hosting such an important meeting.

Australia’s Representative in Taipei Receives CACCI Secretariat Executives

Mr. Rober Fergusson, Representative, Australian Office, Taipei (3rd from left), pose for a group photo with CACCI Secretariat executives led by Director-General Mr. David Hsu (3rd from
right) after their meeting at the former’s office on February 2, 2024.

Mr. Hsu and Deputy Director-General Mr. Amador Honrado (2nd from right) briefed Mr. Fergusson on the activities of CACCI and the important role that the Australian Chamber of
Commerce and Industry (ACCI) in the Confederation since it joined as a Founding Member in 1966, particularly in the policy advocacy work of CACCI.

Also joining the visit were Mr. Stephen Wang, CACCI Deputy Director-General (leftmost) and Mr. Stephen Wang, Senior Vice President, Public Relations & Public Welfare Division, Corporate Relations Dept., CTBC Bank Co. Ltd (rightmost), and his colleague Ms. Ting Ting Wang (leftmost). Mr. Wang informed Mr. Ferguson and his colleague Mr. Dan Bowman, Executive Director, Economic and Policy Section (2nd from right) of the active presence of his Bank in Sydney.

Mr. Fergusson offered his assistance in getting more business organizations in Australia take interest in joining CACCI, as well as in exploring how Australian banks resume their involvement in
the activities of the Asian Bankers Association, one of Product and Service Councils of CACCI.

CACCI and SMF Hold Initial Preparatory Meeting for the 2024 Conference

CACCI President Mr. Peter McMullin AM and CACCI Secretariat officers on February 1 met virtually with Mr. Lennon Tan, President of the Singapore Manufacturing
Federation (SMF) and his team for an initial discussion on preparations for the 38th CACCI Conference to be co-organized by SMF on November 11-12, 2024 in
Singapore.

More details on the 2024 Conference – such as the theme, the topics, and the program, among others – will be discussed and finalized during the Planning Committee Meeting to be held online on March 5 with the participation of other CACCI officers and members.

ASEAN-BAC Joint Business Councils Meet in Laos

Members of the Joint Business Councils (JBC) under the ASEAN Business Advisory Council (ASEAN-BAC) met on January 29 in Luang Prabang, Laos in preparation for the upcoming ASEAN Summit to be held later in the 2024 in Vientiane, the capital city of Laos.

As Associate Member of the ASEAN BAC JBC, CACCI was represented in the meeting by Mr. George Abraham, Chairman of the CACCI SME Development Council Mr. Abraham briefed the meeting on the upcoming activities of CACCI in 2024,

CACCI Attends 23rd JBC Meeting in Laos

Mr. George Abraham (2nd from right, standing), Chairman of CACCI’s SME Development Council (SMEDC), joined other members of the Joint Business Councils (JBC) of the ASEAN Business
Advisory (ASEAN-BAC) during the city tour and dinner on a cruise along the Mekong River organized by the ASEAN-BAC Lao PDR on January 28, 2024, one day before the 23rd JBC Meeting held on January 29, 2024 in Luang Prabang, Laos.

CACCI is an Associate member of ASEAN-BAC and is represented by Mr. Abraham as SMEDC Chairman in its meetings and other activities.

Successful 37th CACCI Conference in Kathmandu

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) successfully held its 37th CACCI Conference in Kathmandu, Nepal on November 6-7, 2023, with the participation of some 400 delegates over the two-day period composed largely of businessmen and chamber of commerce representatives from 25 Asia-Pacific countries, led by CACCI President Mr. Peter McMullin AM from Australia and Mr. Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). Held at the Hyatt Regency Kathmandu Hotel, the Conference was jointly organized by CACCI and the FNCCI.

37th CACCI Conference

Kathmandu, November 6-7, 2023

Opening Ceremony

Focusing on the theme ”Chambers of Commerce: Helping Businesses Get SET for the Future”, this year’s annual CACCI gathering featured invited speakers who shared their views on strategies that businesses may pursue for navigating – and creating new opportunities – in the post-pandemic business and global market environment through the three-pronged SET principle of Sustainability, Entrepreneurship, and Trade. The Conference was officially opened with the traditional Nepalese lighting ceremony officiated by the special guests.

FNCCI Welcome Remarks

FNCCI President Mr. Chandra Prasad Dhakal in his Welcome Remarks stated that the three important aspects focused on by the Conference theme – namely, Sustainability, Entrepreneurship, and Trade – are the key pillars for economic development in the region, and that with the theme, CACCI aspires to create a more prosperous future for the Asia-Pacific region.

Noting the country’s location to be between two economic powerhouses – India and China – Mr. Dhakal said that Nepal holds a strategic position at the heart of the Asia-Pacific region. He said that Nepal’s people and economy have been showing their strength to bounce back from major natural disasters and global economic shocks.

He highlighted the current strength of the country’s economy to include a robust foreign exchange reserves and positive balance of payments; sufficient liquidity in the banking sector to lend to private businesses; rich and growing energy sector with a huge market in its neighbors India and Bangladesh; strong tourism sector since Nepal has always been a popular destination for international tourists; huge prospects for manufacturing, agro processing, ICT, pharmaceuticals, herbs and herbal sectors; and duty-free market access to India, China, the EU and other developed countries. He added that Nepal aspires to establish wider connectivity, physically and digitally, with South Asia, Asia-Pacific region, and beyond.

CACCI Welcome Remarks

In his Welcome Remarks, CACCI President Mr. Peter McMullin AM expressed his hopes that the Conference would provide CACCI members, invited speakers and guests a platform to share their views on strategies that businesses may pursue for navigating – and creating new opportunities – in the post-pandemic business and global market environment through the three-pronged SET principle of Sustainability, Entrepreneurship, and Trade.

He explained that Sustainability is critical for SMEs to gain a competitive advantage in today’s market, to be able to manage business risks, grow their brand and enhance their access to capital. Entrepreneurship and particularly inclusive entrepreneurship supports people with new ideas to solve some of their most entrenched challenges. Trade support is a critical service Chambers provide to the business community as it not only helps business supply the world with the goods and services we all desire but it also builds and maintains cross-border relationships.

Mr. McMullin stressed that as members of chambers of commerce and other business organizations – both regional and international – “we have a shared future. We therefore need to help each other to address challenges on the basis of consultation and coordination and pursue common development. We need to share our insights, build consensus and contribute to promoting development and prosperity in Asia and the world.”

Special Remarks

Echoing the message of Mr. McMullin on the Conference theme, CACCI Vice President and Former FNCCI President Mr. Pradeep Kumar Shrestha said that sustainability is not only merely a choice but is an absolute necessity for the well-being of our planet and future generations, that entrepreneurship fuels innovation, job creation, and economic growth, and that trade unites nations in an increasingly globalized world and is indispensable for shared prosperity.

Mr. Shrestha said that the Conference theme underscores CACCI’s unwavering commitment to adapt and thrive in a rapidly changing world, and its determination to ensure that businesses are sustainable, innovative, and well-connected to face the challenges and seize the opportunities of tomorrow by exchanging ideas, sharing best practices, and forging meaningful partnerships.

Keynote Speaker

The Keynote Speaker Dr. Baburam Bhattarai, Former Prime Minister of Nepal, stated that the Asia-Pacific region stands at the forefront of economic growth and change. While its diverse cultures, economies and political systems paint a complex picture, the collective rise of countries in this region has had a profound impact on the global stage, making it crucial to examine their unique trajectories, he added. “The market size available for domestic or reginal consumption and the younger population, which is more productive, is the strength of this region that needs to be harnessed,” he further elaborated.

Dr. Bhattarai underscored that the state-to-state economic cooperation can be complemented by business-to-business collaboration. He called on the Chambers of Commerce at the national level like FNCCI, and at the regional level like CACCI, should be the vanguards in assisting businesses to navigate through the complex global trade landscape, ensuring that they are well-equipped to compete on the global stage. He suggested that Chambers can offer mediation, digitize processes to ease doing businesses, and connect SMEs through networking and business matching opportunities. ”This is the right time to act, and the private sector can lead the path in this direction, “ he added.

Special Guest

The Special Guest Dr. Prakash Sharan Mahat, Honorable Finance Minister of Nepal in his Address urged the Conference participants to utilize and take advantage of the opportunities offered by Nepal. He said that the country is looking for the meaningful support of organizations such as CACCI and their members in improving the living standards of the people to the region by making use of the immense potential in the fields of renewable energy, tourism, infrastructure, and information technology, among others.

Stating that the government is working in developing the needed infrastructure across prospective sectors which is important in taking Nepal’s development goals forward, Minister Mahat called on the international community to invest in the country. “As a result of the climate challenges and dampening global economy, green, resilient and inclusive development (GRID) is the way to go forward, and investing in Nepal is a way to support this GRID approach.  The hydropower sector has already established an ecosystem of Nepal investors across different scales of hydropower projects, and is doing well, the Finance Minister stated. He reported that the World Bank and the Asia Development Bank are pumping investment in Nepal’s renewable energy, adding that this initiative will also build the confidence of Nepal’s private sector to invest. “Nepal’s hydropower sector is an assured return for investors,”  he emphasized.

Chief Guest

Chief Guest Mr. Ramchandra Paudel, Right Honorable President of Nepal, in his Address urged international investors and businessmen to invest in Nepal, noting that investment areas are increasing in Nepal and laws are being made to facilitate investment. Nepal is lying geographically between China and India, making the country a natural gateway for businesses looking to tap into that big consumer market, he noted. He called on foreign investors and international industrialists to invest in sectors with high potential and prospects of significant return in investment, such as agriculture, tourism, and energy.

Noting that small and medium enterprises are the backbone of Nepal’s economy as they create growth, innovation, and jobs, President Paudel remarked that entrepreneurship is not just about starting a business but is also the strongest foundation for embracing innovation, intensifying diversity, and solving the biggest challenges of our communities alongside adopting sustainable practices. He therefore said that the CACCI Conference is timely and relevant to address the challenges of this era and utilize the opportunities of investment and business. He pointed out that the role of chambers of commerce and industry in the Asia-Pacific will be decisive to bring about positive and aligned changes in the world trade scenario.

Vote of Thanks

In his Vote of Thanks delivered at the end of the Opening Ceremony, FNCCI Vice President Mr. Anjan Shrestha stated that the Conference will set a common vision for unity, cooperation, and prosperous future. He pointed out that the conclusions of the Conference will be important for the prosperity of the Asia Pacific region, including Nepal.

The Conference included four Plenary Sessions that included eminent speakers who shared their perspectives on the following timely and relevant issues:

Plenary Session 1 “SUSTAINABILITY: Developing Clean and Renewable Energy for a Greener World”

Plenary Session One addressed the issue of how to ensure a sustainable supply of renewable energy, improve access to modern energy services, identify possible areas of regional cooperation to achieve a clean energy integration to build a greener world, and how chambers can play the role as a voice of change at COP28 in Dubai.

Moderated by Mr. Melvin Tan, Managing Director, Cyclect Pte. Ltd. and Vice President of Singapore Manufacturing Federation, the session featured the following speakers:

• Mr. Sushil Chandra Tiwari, Secretary, Water and Energy Commission Secretariat, Government of Nepal.
• Mr. Khurram Sayeed, CEO, Planet Energy Pvt. Ltd / Vice President, CACCI
• Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy, and Environment (ACWEE)
• Dr. Alireza Yavari, Deputy President for International Affairs, ICCIMA / Vice President, CACCI
• Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC)

Plenary Session 2 “ENTREPRENEURSHIP: Driver for Regional Economic Growth”

Plenary Session Two discussed how to promote the entrepreneurial spirit in the region – particularly young and women entrepreneurs – through, for instance, mentorship and access to capital and markets, in order to make them effective and sustained contributors to the economic growth of their respective communities and the national and regional economy as a whole.

With Mr. Suraj Vaidya, Former President, FNCCI as Moderator, the session featured the following speakers:

• Prof. Pramod B. Shrestha, Ph.D. (Engineering Management, University of Alberta, Edmonton, Canada) Institute of Engineering, Tribhuvan University
• Mr. Allen John Ku, Vice-President, EVERIII & Partners / Director, Startup Island Taiwan (The Intersection of Innovation & Technology)
• Mr. Sanjeeb Panthee, Good Return
• Ms. Sudha Shivkumar President, FICCI Ladies Organization
• Ms. Narin Shahrokhi Kabir, ICCIMA

Plenary Session 3 “TRADE: Helping Businesses Become Global Trade Players”

Plenary Session Three featured speakers who elaborated on their thoughts and ideas on how to assist businesses, particularly the SMEs which comprised majority of chambers’ constituencies, adequately equipped to participate in the international market through, for instance, digital transformation, mediation and dispute resolution capability, and labor mobility and skills development to meet new business and market demands.

Moderated by Mr. Kush Kumar Joshi, Former President, FNCCI/Managing Director, Nepal Ekarat Engineering Co. Pvt. Ltd., the session included the following speakers:

• Ms. Deborah Lockhart, Chief Executive Officer, Australian Disputes Cetner (Mediation/Dispute Resolution)
• Mr. James Shi Chu, Secretary General, Chinese National Association of Industry and Commerce (CNAIC), Taiwan
• Dr Gunveena Chadha, Assistant Secretary General and Coordinator International Division, Federation of Indian Chambers of Commerce and Industry (FICCI)
• Dr. Posh Raj Pandey, Executive Chairman, South Asia Watch on Trade, Economics and Environment
• Dr. Yubaraj Khatiwada, Former Finance Minister of Nepal

Plenary Session 4  CEO FORUM “Development Challenges and Opportunities in the Asia-Pacific Region”

Plenary Session 4 featured company CEOs and business leaders who shared their insights on what they think are the development challenges and opportunities faced by the region, including – but not limited to – food safety and security, tourism, supply chain resilience, climate change, cooperation in healthcare, the impact of the ongoing Russia-Ukraine conflict, and China’s economic growth.

Moderated by Mr. Peter McMullin AM, President, CACCI, the session featured the following speakers:

• Mr. Jemal Inaishvili, President Emeritus, CACCI / Former CEO, Poti Sea Port
• Mr. Samir Modi, Immediate Past President, CACCI / Executive Director, Modi Enterprises
• Mr. Lennon Tan, President, Singapore Manufacturing Federation (SMF)
• Mr. Padma Jyoti, Chairman, Jyoti Group / Past President, FNCCI

Sectoral Breakout Sessions

In addition, parallel sectoral breakout sessions were organized by the following CACCI Product and Service Councils that gathered government and private sector experts for dialogue and panel discussion on important sectoral issues:

Asian ICT Council

Focusing on the theme: “Envisioning the Future of Artificial Intelligence (AI)”, the session featured speakers who shared their perspectives on the session theme: what are the challenges, opportunities, and benefits for industries and businesses.

The speakers included: Mr. Parag Shrestha, Managing Director, Fuse machines Inc.; Mr. Sam Shen, Global Business Director, Taiwan Smart Solutions Alliance (TSSA); Mr. Umesh Raghubanshi, Vice President, Federation of Computer Association Nepal (CAN Federation); Prof. Andrew Koh, President, Singapore Chapter, Government Block chain Association; and Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC). Moderating the session was Mr. Mangesh Lal Shrestha, Immediate Past Chairman, CACCI YEGAP / Global Vice President (Growth & AI) at Frost & Sullivan.

Asian Council on Food and Agriculture

With “Food Security and Access: Ensuring Equitable and Sustainable Food Systems” as theme, the session included speakers who elaborated on their views on how to ensure equitable and sustainable food systems through food security and food access.

The featured speakers were: Mr. Rommel Gerodias, President, A101 Innovation Inc.“Food Safety”; Mr. Sumit Kedia, Executive Director, Kedia Organization / Commodity Council Advisor , FNCCI; Mr. Igor Piasetskii, Representative of the Chamber of Commerce and Industry of Russian Federation in India; and Mr. Hem Raj Dhakal, Vice President (Commodity), FNCCI. The session Moderator was Mr. Pradeep Kumar Shrestha, CACCI Vice President and Former FNCCI President.

Young Entrepreneurs Group Asia-Pacific

The session addressed the theme: “Digital Transformation and Adoption of AI: Driver for Innovation in Entrepreneurship, Trade and Sustainability” Invited speakers examined how digital transformation and the adoption of AI will serve to drive and enable innovation in entrepreneurship, trade and sustainability.

The speakers included: Mr. Michael Lim, Founder, Beyond Value; Mr. Aabhushan Jyoti Kansakar, Board Member, Nepalese Young Entrepreneurs Forum (NYEF); and Mr. Saurabh Jyoti, Chairman, Syakar Trading Co. P. Ltd. The Session Chairman was Mr. Rommel Gerodias, President, A101 Innovation Inc.

Asian Council on Tourism

Carrying the Theme: “Green Tourism for Sustainable Future”, the session invited speakers who shared their experiences and best practices in promoting green tourism in their respective countries for a sustainable future. The speakers included Mr. Yogendra Shakya, Chairman, Club Himalayan Resort, Nagarkot (Hotel Ambassador); Dr. Dhananjaya Regmi, CEO, Nepal Tourism Board; and Mr. Binayak Shah, President, Hotel Association Nepal. Mr. Anura Lokuhetty, Chairman, Red Apple Travels & Holidays Lanka (Pvt) Ltd. served as Session Moderator

SME Development Council

The session tackled the theme: “Private Sector and Government Cooperation for SMEs in Change Management”. Invited speakers elaborated on their countries’ experience in promoting the growth and development of SMEs and the government policies in place to achieve this objective amidst a changing market environment.

With Mr. George Abraham, Chairman, The GA Group Pte. Ltd. as Moderator, the session included the following speakers: Mr. Stuart Thomson, Co-Founder and Executive Director, Good Business Foundation / Chief of Staff, Office of the President, CACCI; Ms. Jyotsna Shrestha, Vice President (Associate), FNCCI; Ms. Juna Mathema, Chairperson, Startup and Innovation Forum/EC member FNCCI; and Mr. Manoj Paudel, Chairperson, Investment & International Affairs forum/EC member FNCCI.

Asian Council on Water, Energy and Environment

Focusing on the theme  “Clean & Green Energy: CO2 Zero Emission”, the session Invited speakers who shared their views and perspectives on the importance of promoting clean and green energy and what their respective countries are doing in this regard.

Moderated by Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy and Environment, CACCI, the session featured the following speakers: Mr. Melvin Tan, Managing Director, Cyclect Pte. Ltd. / Vice President, SMF; Mr. Sher Singh Bhat, Former Deputy Managing Director of Nepal Electricity Authority “Energy Transition for Net CO­2 Zero Emission; Mr. Shailendra Guragain, Executive Committee Member, FNCCI; and Mr. Igor Piasetskii, Representative of the Chamber of Commerce and Industry of Russian Federation in India.

Discover Business Opportunities Through CACCI

The two-day program also included a special session on “Discover Business Opportunities Through CACCI”, which featured country presentations by selected organizations on current economic conditions in their respective countries and opportunities for trade and investments, or on special programs, projects, products or services that have benefited their members of the community they serve and may be adapted by chambers from other countries.

Moderated by Mr. Jemal Inaishvili, President Emeritus of CACCI, the session included country presentations conducted by the following:

• Mr. Lennon Tan, President, Singapore Manufacturing federation
• Mr. Pradeep Kumar Shrestha, Former President of the Federation of Nepalese Chambers of Commerce and Industry, and Vice President of CACCI
• Dr. Alireza Yavari, President for International Affairs, ICCIMA and Vice President, CACCI
• The session opened with Special Remarks by Mr. John Denton AO, Secretary General, International Chamber of Commerce World Chambers Federation.

97th CACCI Council Meeting

Members of the CACCI Council, which is the governing body of the Confederation, convened for the 97th CACCI Council Meeting on November 6, 2023. Among the items discussed and agreed upon during the Council Meeting included the following:

Review of CACCI Activities since the 96th Council Meeting – The CACCI Council reviewed the activities undertaken by the Confederation since its last meeting held in November 2022 in Melbourne, Australia, including the various Presidential visits, the training programs, participation in regional and international meetings and forums, and issuance of regular publications containing useful and timely information for members.

Among other issues presented for discussion, the Proposed Budget for 2024 was reviewed and approved by the Council Members.

Endorsement of CACCI Policy Paper Study – The CACCI Council endorsed the policy paper study that was reviewed during the meeting held earlier by the CACCI Policy Advocacy Working Group. Prepared by TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the policy paper study called for a sector specific, green transformation model for value chain formation among CACCI member countries.

Associate Membership of CACCI in Steering Committee of the Regional Committee for Asia Pacific (RCAP) of CoNGO – The CACCI Council noted the  formal acceptance of CACCI as an  Associate Member  of the Steering Committee of the Regional Committee for Asia Pacific (RCAP) of the Conference of NGOs with Consultative Status in the United Nations (CoNGO)

Next CACCI Conferences – The CACCI Council noted that the host chamber for the 38th CACCI Conference in 2024 was still to be confirmed and is expected to be formally announced before the end of 2023 or in early 2024.

New CACCI Members

Admission of New Members – The CACCI Council formally approved the admission of the Singapore Manufacturing Federation  as the newest Primary Member, and the following new five Lifetime Special Members from Pakistan and  one the Philippines:

Pakistan

• Mr. Zahid Hameed, M/s Apparel Zone
• Mr. Atif Iqbal, M/s High Q Pharmaceutical
• Mr. Rameez Sattar, M/s Sonraj (Pvt) Ltd
• Mr. Arbaaz Sattar, M/s Sonraj (Pvt) Ltd
• Mr. Adnan Asad, M/s Venus Group

Philippines

• Koten Enterprises Co., Inc.

Formal Turnover fo YEGAP Chairmanship

During the Gala Dinner, a formal turnover of the Chairmanship of the Young Entrepreneurs Group of Asia-Pacific (YEGAP) was conducted. Erstwhile YEGAP Chairman Mr. Mangesh Lal Shrestha from Nepal, who is the Global V ice President (Growth and AI) for Frost & Sullivan, formally handed over the leadership of YEGAP to Mr. Rommel Gerodias from the Philippines.

Mr. Gerodias, who was previously Vice Chairman of YEGAP, will serve in the Chairmanship position until the latter part of 2024, when an election of a new Chairman will take place. With more than 18 years of experience in various industries, Mr. Gerodias is an expert and highly accomplished professional in the field of Management, Business Development, Training, Marketing, Sales, Entrepreneurship and Leadership. His expertise is in the field of Entrepreneurial Chemistry, Food & Beverage, Food Safety & Management Consulting; Proficient in communication with proven success in business development from the ground up in various businesses. He is a highly motivated and success-driven individual with a positive attitude and passion for excellence. Locally and internationally known leader in entrepreneurship advocacy and leadership.

XIII edition of SME newsletter available

CACCI is pleased to share herewith the Thirteenth Volume of the SME Development Council’s newsletter. Please click HERE to read or download.

We hope that this publication will provide you with adequate information about the latest developments in the small and medium enterprise (SME) sector in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz. Enjoy the reading!

CACCI Profile – January edition available

CACCI is pleased to announce that the January 2024 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update includes the announcement of the date and venue for the 38^th CACCI Conference: November 11 to 12, 2024 in sunny Singapore. It also includes a feature on CACCI’s membership in the newly-established APAC Green Alliance. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities. If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents. If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.

Best regards,

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

CACCI President with Australian Ambassador in Kathmandu

CACCI Secretariat Officers Call on India’s Representative in Taipei

CACCI Director-General Mr. David Hsu (2nd from left) presents a token of appreciation to Mr. Manharsinh Laxmanbhai Yadav, Director-General of Indian Taipei Association (2nd from right) following their meeting on January 24 at the latter’s office in Taipei. Accompanying Mr. Hsu was Mr. Amador Honrado, CACCI Deputy Director-General (leftmost) and Mr. Stephen Wang, Senior Vice President, Public Relations & Public Welfare Division, Corporate Relations Dept., CTBC Bank Co. Ltd. (rightmost).

During the meeting, Mr. Hsu introduced CACCI and the Asian Bankers Association (ABA) and their activities to Mr. Yadav, highlighting the important roles played by the Federation of Indian
Chambers of Commerce and Industry (FICCI) and the State Bank of India (SBI) in the activities of the two organizations.

Acknowledging the importance of CACCI and ABA in promoting regional economic cooperation among Asian countries Mr. Yadav explored the possibility of the ABA organizing a webinar – in
partnership with SBI – that will introduce to ABA members the Gujarat International Finance Tec-City (GIFT), a central business district under construction in the Gandhinagar district in Gujarat, India.

It is India’s first operational greenfield smart city and international financial services centre, which the Government of Gujarat promoted as a greenfield project. According to Mr. Yadav, GIFT City is an emerging global financial and IT services hub designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity. Companies from Financial Services, Technology and all other services sector will be targeted as potential occupants within the city.

Mr. Yadav also encouraged CACCI to organize its annual Conference in India in the near future – and offered the assistance of his office of make this possible – after learning that the last annual gathering of CACCI in the country was held in 2005 – nearly 20 years ago.

CACCI Profile – December edition available

CACCI is pleased to announce that the December 2023 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update includes a recap of the year’s activities. The issue also features the recent appointment of SMF President Lennon Tan as CACCI’s newest Vice President. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz. We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.

Best regards,

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

14th World Chambers Congress to be held in Melbourne on 2-4 September 2025

The World Chambers Congress is the largest and only international forum that enables chamber leaders and professionals to share best practices, exchange insights, develop networks, address the latest business issues affecting their communities, and learn about new areas of innovation from chambers around the world. This year, the 14th World Chambers Congress will be held at the Melbourne Convention and Exhibition Centre in the city of Melbourne, Australia on 2-4 September 2025.

The theme of its 14th edition, “Business, chambers, government: Partners for prosperity”, will explore how fostering collaboration among businesses, chambers of commerce, and governments can drive economic growth and prosperity.

Uniting more than 1,000+ business, chamber and political leaders from 100+ countries, the Congress is an ideal platform to connect public and private sector voices. Participants will also discuss the potential that mega trends in our economic landscape present and how we can leverage them for societal gain.

More information: https://wcc.iccwbo.org/

Contact: info@14wcc.au

CACCI Joins APAC Green Alliance Initiative

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has recently signed a Memorandum of Understanding (MOU) with four other organizations to form an alliance
of Asia-Pacific (APAC) Trade Associations and Chambers of Commerce.

The alliance will have the common objective “to help small and medium enterprises in the Asia-Pacific region to embark on their sustainability transformation, sharing of best practices, standards
development, advisory support, recognition, and collectively striving towards a net-zero goal and be future ready for Industry 5.0”.

Aside from CACCI, the other MOU signatories include the Singapore Manufacturing Federation, the Singapore Business Federation, and the Institute of Singapore Chartered Accountants.

The alliance intends to collaborate in the following areas:

• Green Excellence for Manufacturing (GEM) Mark for the manufacturing sector within the APAC region;
• Green Excellence for Business (GEB) Mark for non-manufacturing companies within the APAC region;
• Training of consultants to provide consultancy services for GEM and GEB Mark
• Training of assessors to provide assessment services for GEM and GEB Mark

The alliance also seeks to promote and seek recognition of the GEM Mark by national trade associations and chambers of commerce on the manufacturing sector within each Party’s country
and/or GEB Mark by national trade associations and chamber of Commerce of the non-manufacturing sector within each Party’s country.

To help achieve these objectives, the MOU signatories’ plan is to establish the APAC Green Alliance Association.

The MOU signing ceremony took place during the Manufacturing Day Summit 2024 organized by the Singapore Manufacturing Federation on January 18, 2024 in Singapore. Signing on behalf of CACCI was CACCI President Mr. Peter McMullin AM.

The Summit featured keynote speakers who shared their insights towards industry 5.0, AI, and more, and exchanged ideas on how to stay competitive and embrace emerging technologies.

CACCI was represented by President Mr. Peter McMullin and Mr. George Abraham, Chairman of the SME Development Council of CACCI.

Mr. McMullin spoke on “Fostering a Sustainable & Resilient Manufacturing Ecosystem: Strategies for Industry Collaboration & Success”.

In his remarks, Mr. McMullin cited the importance and timeliness of the APAC Green Alliance, which he cited as “an innovative response to the fragmented sustainability landscape we currently navigate. Across nations, we encounter diverse standards, regulations, and approaches to sustainability. This diversity, while reflective of local priorities and contexts, creates a significant challenge, especially for small and medium enterprises (SMEs). Unlike their larger counterparts like MNCs, local large enterprises or listed companies, SMEs often lack the resources or
expertise to adapt and thrive amid these varying sustainability demands.

Mr. McMullin said that The APAC Green Alliance, therefore, is not just timely but of paramount importance and is designed to empower SMEs on their sustainability journey.

He called on CACCI members to join “this new and exciting alliance. Our collective effort will be focused on nurturing sustainable growth among SMEs across the APAC region.” He looked forward
eagerly to the support and collaboration in this transformative endeavor for our manufacturing sector. Mr. McMullin pointed out that together, “we can lead the way in sustainable practices, setting an example not just for our region but for the global community”.

Invitation to join CACCI Planning Committee meeting on March 5, 2024 at 2:00 PM, Taipei Time

Due to unforeseen circumstances, CACCI will need to postpone the Planning Committee Meeting, originally scheduled for 2:00 PM Taipei/Singapore time on February 29, 2024, to March 5, 2024 at the same time, 2PM Taipei time.

We apologize for any inconvenience this may cause, but hope you will still be able to join us at the meeting, as we value your attention and input to this year’s CACCI Conference.

The meeting will primarily discuss preparations for the 38h CACCI Conference to be co-organized by the Singapore Manufacturing Federation (SMF) on November 11-12, 2024 in Singapore. Among the items to be discussed will be the Conference theme, topics, speakers, program, and format, among others.

Attached herewith is the Tentative Agenda for the meeting.

Further information (e.g., meeting link, annotated agenda, discussion papers, etc.) will be sent to members upon confirmation of attendance by filling out this online Confirmation Form on or before January 31, 2024.

Furthermore, in preparation for the Planning Committee Meeting, we would like to seek your suggestions on economic, business or policy issues which you think are currently of great concern to members and the business sector of the region as a whole and should be discussed by members during next year’s Conference. Please let us know your thoughts on this year’s Conference theme and topics by accomplishing the Suggestion Form.

We would appreciate hearing from you before January 31, 2024 to give us enough time to circulate all suggestions to the Planning Committee for consideration prior to its meeting.

For your reference, we have also attached the list of the themes and topics of past years’ Conferences HERE.

Singapore skyline at night

38th CACCI Conference to be held in Singapore November 11-12, 2024

CACCI is pleased to inform all members and friends that this year’s  38^th CACCI Conference will be held in Singapore on November 11-12, 2024,  with the Singapore Manufacturing Federation (SMF) as the co-organizer. This will be the first time that CACCI will be holding its annual gathering in Singapore. The proposed venue is One Farrer Hotel (https://www.onefarrer.com)

CACCI will inform its members and friends relevant information (e.g., Tentative Program, hotel accommodation, registration procedure, etc.) as soon as these are available. In the meantime, we suggest you already mark your 2024 calendar of events for our annual gathering next year.

Asian Textiles & Garments Council’s newsletter available

CACCI is pleased to make available the Volume Eight of the Asian Textiles & Garments Council’s newsletter. (Click HERE to download.)

This issue is a compendium of relevant news, reports, and analyses on recent developments in the textile and garments industry in Asia Pacific countries.

This newsletter includes a report indicating that Azerbaijan and Pakistan are trying to secure raw material’s supply. Simultaneously, India’s apparel market continues growing and its designers joined Moscow fashion show.

On the other side, Iran is exporting more and also cooperating with China in the textile area. China is also securing textile links with Iran’s neighbor, Pakistan. Further south, other news reports show that Sri Lanka is making inroads in organic manufacturing while Vietnam tries to expand its FTA to further market its textiles and apparel products overseas, and much more.

We hope that this latest issue of the Asian Textiles & Garments Newsletter will enable you to gain a better understanding of the trends and conditions of the textile market throughout the Asia Pacific region.

Members are encouraged to contribute articles for future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz.

Sincerely yours,

David Hsu
Director-General
CACCI

2023 CACCI Year End Review available

CACCI is pleased share with its members and friends a copy the CACCI 2023 Year-End Review which summarizes our Confederation’s activities over the past year. To download or read click HERE.

On behalf of CACCI, we would like to take this opportunity to thank you for the cooperation and assistance you have extended in undertaking CACCI’s activities in 2023. Without your help, we would not have accomplished as much as we did amidst a still challenging and difficult year for many of us.

We look forward to your continued support of the CACCI and its activities, and we certainly hope to see you and your colleagues under more improved circumstances next year.

Sincerely yours,

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

Asian Council on Contracting & Construction newsletter available

CACCI is pleased to share Volume X of the Asian Council on Contracting & Construction Newsletter, for your download HERE.

This Newsletter shows reports about the expansion of Azerbaijan railways and irrigation system, and Cambodia’s mixed construction landscape as Iran and Azerbaijan reported on the construction of a larger border bridge. Further south, India’s Modi continued constructing projects in India.

North of India, the Nepalese are implementing hydropower projects to export electricity to Bangladeshi and Indian markets while President Marcos returned home with Japanese pledges to invest in infrastructure. Vietnam also received similar investment pledges.

I hope that these news and reports can provide you with a wider view of the construction and contracting market in Asia Pacific and its role in the national economy. Enjoy your reading!

David Hsu
Director General
Confederation of Asia-Pacific Chambers of Commerce and Industry

Trade Facilitation newsletter available

CACCI is pleased to share the Eleventh Volume of the Asian Council on Trade Facilitation newsletter under the Chairmanship of Mr. R. B. Rauniar.

This issue (click HERE to download) starts with bad news about the EU-Australia FTA that fortunately Australia compensates with strengthened trade ties with the US. More good news came from Australia’s northern neighbor, Indonesia, as it integrates more deeply in its neighborhood.

Furthermore, there is a report that another ASEAN player, Philippines, is building formal economic ties with the UAE, a major trading center in the Middle East.

One report indicates that CPTPP positively impacted Malaysia’s FDI inflows while Iran expands its trade in the EAEU. Moreover, India and Russia are establishing more trading mechanisms to enhance their trade volume as China and Russia de-dollarize their bilateral trade. And to conclude, there is another report about new trade facilitation’s procedures among ASEAN members.

We hope you will find this issue useful and informative.

Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz.

Sincerely yours,

David Hsu
Director General
Confederation of Asia-Pacific Chambers of Commerce and Industry

Beyond the Medal: The Deeper Meaning of the Order of Timor-Leste

In December 2023, CACCI President Peter McMullin had the privilege of receiving the Order of Timor-Leste. The ceremony was presided over by Nobel Peace Prize Laureate, the current President of Timor-Leste and his long-term friend Dr Jose Ramos-Horta.

The magnitude of the occasion appeared surreal as he reflected on the journey of his life, the decisions he has made, and the people who have supported him.

At the moment he realized he was bleessed by having his family alongside, his wife Ruth, sister Nani and his children; Charlie, his eldest who has 2 beautiful children, Ben his youngest with his partner Fleur. There in spirit, his middle boy Paddy and his partner Maddy.

That family moment let him to reflect on the kind of world the next generation like his son’s and their children will inherit. The world is changing, and Peter wondered what challenges and triumphs lay ahead for them.

Here’s what he thought about.

(1) We all have a role to play.

Complexity is solved through collaboration.

All the greatest innovations in the world have come from a team of people collectively working together. Whether it’s the internet, email, or cars and planes, these inventions would not be possible without having a team helping solve the hardest challenges of our time.

Climate change and sustainability are no different.

Addressing climate change requires a multi-faceted approach, engaging experts, policymakers, businesses, communities, and individuals. It’s a challenge that spans geographic and political boundaries, demanding a global response.

Just as a single part of an engine can’t make a car move, a single effort or idea can’t solve climate change. It requires a coordination of actions, innovations, and commitments. His son’s and their grandchildren will all feel the impacts of climate change, and they will all have different roles to play. Productive intergenerational collaboration is the only way forward.

Blame, resentment and pity might feel good in the moment, but they never serve us well in the long run. The message is clear: we all have a contribution in ensuring a sustainable future.

It’s a narrative that we write together, a journey we undertake as a collective, with the shared goal of a healthier, more sustainable planet for generations to come. Peter also claims that his award was a team effort because he couldn’t have done it without the people around him. Peter said that “great things come to those who work together.”

(2) We don’t need business, we need to change our identity.

The cost of our new life is the death of our old life.

New mental models, economic theories and different ways of doing business are required for this shift into sustainability. As Albert Einstein once said, “we can’t solve problems by using the same kind of thinking we used when we created them.” This transformation demands a radical reimagining of our values or perhaps more importantly, our priorities.

It means embracing a culture that prioritises long-term well-being over short-term gains, fostering collaboration over competition, and valuing our shared environment above individual profit. Every business will need to go through an identity change. We must cultivate a new ethos where success is measured not just in economic terms, but in social and environmental impact as well. We don’t need to just care for the environment. We all must become environmentalists.

Peter’s family with Dr Jose Ramos-Horta after just receiving the Order of Timor-Leste

(3) Change will be the only constant

Peter argues that we are living in a time of high uncertainty. From geopolitical instability to the rising cost of living, we are in for a decade of change.

In this ever-shifting landscape, even smaller nations like Timor-Leste are not immune to the global waves of transformation.This young nation, which has experienced a whirlwind of rapid change over the last three decades, is standing at another critical juncture.

The change that looms on the horizon is one of sustainability. A concept that is not only vital for its ecological and economic health but is also crucial in ensuring a stable and prosperous future for its people.

But while nations shift, so will its people. At this point, Peter says that Timor-Leste is an example of the type of change that every country will have to confront at some stage or another. I applaud the leadership of Timor-Leste for embracing this change with open arms.

Change provides opportunity for improvement. In the face of these challenging times, we have the power to shape our destinies and create a world that is more resilient, inclusive, and sustainable for generations to come.

(4) Investing in the next generation of leaders

Uncertainty and change requires one thing: investment.

These future leaders are not just inheritors of our present; they are the architects of tomorrow. To prepare them for this monumental task, we must provide them with the tools, skills, and perspectives that will enable them to navigate and shape a world that is constantly in flux.

Investing in education is a foundational step. Education is the great leveller. It unlocks potential. Provides equality of opportunity. But education is not just limited to the classroom. In the age of the internet, networks, community and alumni groups all play an important role in peer-to-peer learning.

There are an abundance of ways to teach and learn these days Peter said. He is heavily invested in the idea that a holistic approach to education ensures that future leaders not only gain knowledge from textbooks but also benefit from the wealth of experiences and insights shared by their peers and mentors.

As Peter returned from Timor-Leste, he certainly felt the love and a sense of achievement. Yet, the work is not over. Just as he celebrated and nurtured the bonds within his family, he said that we must also recognise the interconnectedness of our world and the need to sustain it for future generations.

Sustainability, at its core, is about ensuring that the love, joy, and beauty we experience with our loved ones today can be passed on to our children and grandchildren in the years to come. And that’s a future that Peter wants to invest in.

CACCI Director-General Attends 85th Anniversary Celebration of Kowloon Chamber of Commerce

Mr. David Hsu, Director-General of CACCI (5th from right), joins officers of the Kowloon Chamber of Commerce (KCC) (5th from right) led by KCC Chairman and CACCI Vice President Mr.
Ernest Yuen (5th from left) at the KCC headquarters in Kowloon.

Mr. Hsu was in Hong Kong to attend the 85th Anniversary and the 42nd Inauguration Ceremony Celebration of the KCC held on December 18, 2023.at the Hong Kong Convention and Exhibition Centre. Since its establishment in 1938, the KCC has served to facilitate exchanges between business organizations in Mainland China, Taiwan, Hong Kong, and overseas in various fields such as
economy, trade, culture, and education.

It has now expanded to cover over 40 industries and have established a bridge for communication among more than 60 organizational members and over 2,000 business entities and individual members, working together for the development of Hong Kong’s economy and social prosperity.

Supply Chain disruption is an opportunity for CACCI, TOBB TEPAV Ph.D Guven Sak

In the afternoon of November 6, 2023, CACCI President Mr. Peter McMullin AM from Australia chaired an interactive live virtual presentation of a Policy Paper on “Sector Specific, Green Transformation Model for Value Chain Formation Among CACCI Member Countries.”

The Policy Paper prepared by Economics Professor Guven Sak, Ph.D. from TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), calls for a sector specific, green transformation model for value chain formation among CACCI member countries.

During the presentation, Prof. Sak discussed the present Age of Global Disruption created by transnational threats, great power competition and a race of new technologies.

Prof. Sak further explained that the disruption is creating opportunities and impacting regions, especially CACCI areas where many countries are in position to increase production and reduce dependance on China.

The impact on CACCI areas will realign the global value chains and could transform the region’s agendas. The disruption is driven by a process of de-coupling of certain economies and supply processes vis-a-vis a de-risking imperative.

These emerging conditions are in fact creating opportunities for CACCI countries that need to be considered.

Prof. Sak’s presentation was complemented with the participation of Lennon Tan, President of the Singapore Manufacturing Federation (SMF) and newly appointed CACCI Vice President, and James S. Chu, Secretary General of the Chinese National Association of Industry and Commerce (CNAIC) who raised relevant questions about Asian manufacturing strategy during the present supply chain disruption that Prof. Sak proceeded to answer in a comprehensive fashion.

The video presentation of Prof. Guven Sak during the CACCI Policy Advocacy Meeting in Kathmandu can be viewed at the CACCI YouTube channel below.

CACCI Officers Join Luncheon Hosted by the Philippine Representative Office in Taipei

CACCI Director General David Hsu and Deputy Director-General Mr. Amador Honrado, attended the luncheon hosted on December 7, 2023 in Taipei by Mr. Anthony Rivera, Trade Representative & Director for Commercial Affairs.

The Philippine Trade & Investment Center (PITC) in Taipei, on behalf of The Chairman and Resident Representative of the Manila Economic and Cultural Office (MECO) Atty. Silvestre H. Bello III. The event served as an occasion for PITC to express their appreciation to Taiwanese business companies and organizations that have provided strong support to PITC in the latter’s efforts to promote trade and investment cooperation between Taiwan and the Philippines.

These included the Subic Bay Taiwan Chambers of Commerce, Inc., Taiwan Cold Chain Association, Browave Corporation, BDO Unibank, Sunonwealth Electric Machine Industry Co., Ltd. They were formally awarded with Certificates of Appreciation during the Luncheon.

Representatives from the Philippines – including Ms. Alice Q. Visperas, Deputy Resident Representative of MECO – also shared information on industries and sectors where investment is
being encouraged by the government. They also made a presentation on the new training center established in the Subic Bay Area that aims to provide technical skills upgrading to those who are
currently employed as well as to future employees.

Successful webinar on Advancing ESG Agenda

CACCI members had the opportunity to join the successful webinar on Advancing ESG Agenda: Net Zero Emission Supply Chain Through Carbon Footprint (CFP) held on 19 October 2023 by the Asian Bankers Association (ABA), a CACCI’s subsidiary, and the Association of Credit Rating Agencies in Asia (ACRAA).

Moderated by Mr. Atsushi Masuda, Chairman of ACRAA, Counselor for International Affairs, Japan Credit Rating Agency (JCR), the webinar featured as speakers a Japanese government official, a petrochemical company staff, a commercial banker and a rating agency representative. Over 440 bankers from 35 countries registered for this special webinar.

We present the Summary of the speakers’ presentations below.

SUMMARY

(1) The first presentation on Carbon footprint and net zero emission target for the entire supply chain by Mr. Tomoki Sano, Deputy Director, Environmental Policy Division, Industrial Technology and Environment Bureau, Ministry of Economy, Trade and Industry (METI) discussed the purpose of achieving green transformation in Japan.

According to some estimates, economies headed to achieving carbon neutrality have reached 94% of the world’s GDP as of 2023, thus the importance of promoting investments towards this global trend.

Since Japan is heavily dependent on imported fossil fuels, the risks associated with this structure have especially become apparent after the Russian invasion of Ukraine.

He argued that to achieve long-term sustainable growth, it is important for Japan to transform its economic and industrial structure based on clean energy (=Green Transformation.)

Furthermore, since the importance of transition finance is starting to be understood globally; in the G7 Hiroshima Summit held in 2023, the G7 highlighted the importance of transition finance for the first time.

Concerning the role of Carbon Footprint (CFP) towards Decarbonization, he explained that Carbon FootPrint is a calculation of a product’s total emission of greenhouse gases through its lifecycle. He proposed that the calculation of CFP will enable businesses to prioritize decarbonization efforts through its supply chain.

The final objective is that customers and consumers will choose goods produced with less emission.

For this reason, the purpose of CFP for businesses is that various stakeholders surrounding businesses should request the calculation and disclosure of CFP amidst increasing interests for climate change.

Mr. Sano highlighted that CFP is increasingly becoming a factor for business competitiveness and that the future policy directions based on the “CFP Guideline” will accelerate businesses’ efforts to calculate and understand their CFP, and lead to procurement of low-emission products, thereby leading to fewer emissions across the product supply chain.

Mr. Sano concluded with the forecast that to promote such change, Japan will undertake the more serious policies.

(2) The second presentation on Outline of carbon footprint and sustainability link loan framework by NAGASE & CO., Ltd. featured Mr. Yasuyuki Aizawa, Corporate Sustainability Office Manager of NAGASE & CO., LTD.

He started his presentation on the 190 years history of this traditional trading firm. It was then followed by an explanation on what is CFP.

According to him, CFP is a method of evaluating the environmental impact of CO2 based on the framework of life cycle assessment.

He mentioned that actually, CFP is calculated at the Product-level vs. Corporate-level. The methodology is built on ISO 14067 and some influential international CFP guidelines launched recently.

Mr. Aizawa presented a successful case to the audience where NAGASE and its partners successfully created the world first data linkage of carbon emission in the laptop PC suppler chain (Tier 0 to 3.)

It is said that 70% of the chemical suppliers are working on CFP.

Furthermore, he argued that CFP is an effective way to assess the environmental impact of chemicals. Collecting primary data is critical to moving toward carbon neutral.

In the chemical industry, the development in the three dimensions, methodology, tools and engagement have spurred suppliers to work on carbon footprints.

He forecasted a further drive carbon transparency in the chemical supply chain, which is essential to creating incentives especially for SMEs.

Nagase’s new SLL framework is extensive and its expertise covers not only Tier1 suppliers but also suppliers behind them (Tier2, Tier3…).

(3) The third presentation on Business management support for zero emission by financial institutions featured Mr. Naoya Orita. Vice President/Head of Sustainable Finance Japan, Sustainable Business Division, MUFG Bank, Ltd.

Mr. Morita initiated his presentation expressing MUFG’s Commitment to Carbon Neutrality and MUFG Declaration of Carbon Neutrality.

In fact. MUFG has been supporting its clients’ decarbonization and launched a collaboration with Zeroboard Inc., offering services for more than 1,800 companies.

This project led to the development of new business fields through visualization of customer’s GHG emissions and the entire supply chain, development of finance schemes, partnerships with solution providers, etc.

Mr. Morita also explained that Sustainability Linked-Loan (SLL) is a financing method with flexible use of funds that links the borrower’s Sustainability KPI performance with loan terms.

Loan terms such as interest rates are linked to the achievement of the SPT (Sustainability Performance Targets.)

These loans allow flexible use of funds while publicizing sustainability commitments externally. Furthermore, borrowers are incentivized by changes in loan conditions, such as preferential interest rates, depending on the level of achievement of the SPT, so the borrower can strengthen its commitment to achieve sustainability goals.

(4) The fourth and final presentation on How to evaluate the alignment of Supply Chain Finance Framework with Sustainability Linked Loan Principles featured Ms. Atsuko Kajiwara, Managing Executive Officer, Head of Sustainable Finance Evaluation Group.

She explained how to evaluate the alignment of Supply Chain Finance Framework with Sustainability Linked Loan Principles.

Ms. Kajiware spoke about the abundant experience in valuation (900 evaluations provided) and the participation of her organization in standards development as a member of the government council and study committee.

In the following image, she explained how sustainability linked loans (SLL) work:

She explained that the process of evaluation rests in the effort to capture the impact through the value chain, thus companies, suppliers and consumers share common challenges in reducing CO2 emission.

She proposed creating a system to reduce CO2 emissions throughout the supply chain as an integrated system.

The recording of the webinar can be viewed at the CACCI YouTube channel here.

Formal Turnover of YEGAP Chairmanship

During the Gala Dinner of the 37th CACCI Conference in Kathmandu on the night of November 7, 2023, a formal turnover of the Chairmanship of the Young Entrepreneurs Group of Asia-Pacific (YEGAP) was conducted. Erstwhile YEGAP Chairman Mr. Mangesh Lal Shrestha from Nepal, who is the Global V ice President (Growth and AI) for Frost & Sullivan, formally handed over the leadership of YEGAP to Mr. Rommel Gerodias from the Philippines.

Mr. Gerodias, who was previously Vice Chairman of YEGAP, will serve in the Chairmanship position until the latter part of 2024, when an election of a new Chairman will take place. With more than 18 years of experience in various industries, Mr. Gerodias is an expert and highly accomplished professional in the field of Management, Business Development, Training, Marketing, Sales, Entrepreneurship and Leadership. His expertise is in the field of Entrepreneurial Chemistry, Food & Beverage, Food Safety & Management Consulting; Proficient in communication with proven success in business development from the ground up in various businesses. He is a highly motivated and success-driven individual with a positive attitude and passion for excellence. Locally and internationally known leader in entrepreneurship advocacy and leadership.

Nepal Prime Minister receives CACCI Officers

On the morning of November 7, 2023, CACCI Officers led by President Mr. Peter McMullin as well as officers of FNCCI headed by President Mr. Chandra Pradad Dhakal and former FNCCI President and current CACCI President Mr. Pradeep Kumar Shrestha, made a courtesy call on Nepal Prime Minister Pushpa Kamal Dahal Prachanda at his residence.

During the visit, the Prime Minister appealed to business leaders from the Asia-Pacific region to consider investment opportunities in Nepal, highlighting the political achievements of Nepal and emphasizing the country’s path towards prosperity. He assured the visiting CACCI officers that Nepal is actively inviting both national and international investments, asserting that it is an opportune time for investment in Nepal, with the government prepared to provide comprehensive support.

CACCI President Mr. Peter McMullin AM pledged CACCI’s support for expanding investment and enhancing economic business relations between Nepal and CACCI member countries. He expressed his satisfaction on the successful hosting of the Conference in a short time frame and affirmed the commitment of CACCI member chambers to support Nepal’s development efforts.

FNCCI President Mr. Dhakal stated that the 37th CACCI Conference had a strong focus on Nepal’s economic development, and expressed his high hopes of its potential impact on the country. He also assured that FNCCI would take the initiative to attract investments and technology from the Asia-Pacific region through CACCI.

CACCI President joined ACCI Gala Dinner

On the evening of November 30, 2023, CACCI President Peter McMullin AM had the pleasure of representing the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) at the annual Australian Chamber of Commerce & Industry (ACCI) Gala Dinner in Canberra.

Representing 26 countries across the region as CACCI President Mr. McMullin got to listen to and spend some time with the Acting Prime Minister Richard Marles. He expressed the opportunity that lay ahead of us within the Asia Pacific.

300 industry leaders joined CACCI President as they heard about the opportunity of the renewable energy revolution, the need for skilled migration and important trade ties with the world. It was a great evening and Mr. Peter McMullin congratulated ACCI CEO Andrew McKellar and President Nola Watson for the opportunity as we look to support Australian business to get SET for the future.

CoNGO President Meets with CACCI Secretariat Officers

Mr. Liberato Bautista, President of the New-York based Conference of Non-Government Organizations with Consultative Status in the United Nations (CoNGO) (leftmost) met on November 16 with executives of the CACCI Secretariat led by Director-General Mr. David Hsu (2nd from the left) during the former’s recent visit to Taipei.

CACCI is a member of CoNGO as it has consultative status, Roster category, with the UN Eco. Mr. Bautista briefed Mr. Hsu and representatives of STUF United Fund, also a CoNGO member, led by its President Mr. John Lin (3rd from right), on the upcoming activities of CoNGO. Mr. Bautista was in Taipei as Keynote Speaker in the NGO Leadership Forum that STUF United Fund helped organize on November 17.

As a holder of a Consultative Status at the United Nations, CACCI is among 6,000 organisations worldwide with a similar status to connect with likeminded organisations and advocate at the United Nations on behalf of CACCI members for sustainable and equitable growth.

CACCI Council Endorses Paper Outlining a Regional Cooperation Agenda for Member Countries

The CACCI Council during its meeting held on November 6, 2023 in Kathmandu, Nepal in conjunction with the 37th CACCI Conference endorsed the policy paper study that was reviewed during the meeting held earlier by the CACCI Policy Advocacy Working Group and chaired by CACCI President Mr. Peter McMullin AM.

Prepared by TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the policy paper called for a sector specific, green transformation model for value chain formation among CACCI member countries.

The paper noted that CACCI member countries are currently confronted with evolving dynamics including a shift away from Chinese value chains and the growing significance of environmental and digital imperatives. Notably, CACCI member countries, particularly those in East Aia, over recent decades have strengthened their industrial capacity and enhanced the sophistication of their exports. However, the full potential of the expansive EU market remains untapped.

The paper pointed out that, as CACCI looks ahead, it becomes of paramount importance to formulate strategies to facilitate collaboration and diversification of high-potential value chains across CACCI member countries. Additionally, it is imperative to accelerate environmentally sustainable practices to secure the access of these countries to the EU market.

The paper stressed the need to introduce a model to enhance value chain formation among CACCI member countries, aiming to extend their export presence to major markets, in particular the EU.

Among the findings of the study are as follows:

(1) While the West was the center of global trade in1965, the center has been shifting to the East.

(2) The EU is still the biggest market in the world, but it is still highly dependent on China for most products with high imports.

(3) While Intra-regional trade in the Belt and Road Initiative (BRI) region has been increasing since the BRI started, there is still a need for CACCI member countries to increase their intra-regional trade.

(4) It is time to integrate Central Asia into the world economy through BRI

(5) While the Global Value Chain (GVC) participation of major CACCI member economies is high, these economies need forward connectivity to new markets.

(6) Each region of XCACCI has at least one major economy with high potential to participate in GVCs in upstream and green products.

(7) While the CACCI region lost serious market share after 2016 due to a decrease in competitiveness, China increased its market share by adapting to demand changes.

(8) CACCI region’s loss of competitiveness is particularly driven by large economies.

(9) The Netherlands, Germany, Ireland, and Belgium are the prominent markets to increase forward participation in replacing China.

(10) Potential for CACCI member countries shines through in EU electronics, electrical equipment and machinery value chains.

As follow-up activities, the study proposes the following:

(1) Based on the above findings, further work can be carried our to identify opportunities for sectoral clustering within specific region.

(2) Networking meetings can be held across CACCI member countries to collection feedback on the findings of the study and finalize the strategic value chains.

(3) Once the final strategic value chains are identified, regional sub-working groups can be formed.

2023 37th CACCI Conference – The Program

The 37th CACCI Conference hosted by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is taking place on November 6-7, 2023 at the Hyatt Regency Hotel. CACCI members and colleagues are invited to REGISTER ONLINE for the conference. 

With the theme Chambers of Commerce – Helping Businesses Get SET for the Future, the conference will have plenary sessions focusing on Sustainability, Entrepreneurship, and Trade, as three important tenets to better business. CEOS and business leaders are featured in the CEO Forum, during which they can share insights on development challenges and opportunities in the Asia-Pacific Region. As well, there will be several breakout sessions focusing on specific industries and sectors, including ICT, Tourism, Food and Agriculture, SMEs, Young Entrepreneurs, and Water, Energy, and Environment. The Conference’s final roster of Nepalese dignataries and foreign speakers can be viewed below.

Registration is US$400 per person, inclusive of:

• Attendance to ALL sessions during the 2-day conference
• Welcome Reception Dinner/ Cocktails on 6 November 2023.
• Gala Dinner on 7 November 2023.
• Coffee breaks & 2 lunches over the 2 days
• Roundtrip airport transfers

Groups of 10 or more may contact FNCCI directly to request a group rate. Hotel booking, visa, and other relevant details may also be found on the conference website.

REGISTER HERE

Sunday 5 November 2023 

02:00pm onwards Registration open at Conference Venue in the Hyatt Regenccy Hotel  

Monday 6 November 2023

“Chambers of Commerce – Helping Businesses Get  SET for the Future”

(S)  Sustainability is critical for SMEs to gain a competitive advantage in today’s market, to be able to manage business risks, grow their brand and enhance their access to capital. According to the OECD, SMEs collectively contribute to over 50% of global Greenhouse Gas emissions from business globally. The majority of SME owners are concerned about the impacts of climate change but they need help to make this transition. Chambers can offer this support to current and potential new members looking to decarbonise their businesses and contribute to a sustainable economy. 

(E) Entrepreneurship and particularly inclusive entrepreneurship supports people with new ideas to solve some of our most entrenched challenges. By supporting entrepreneurs embrace new technologies, include and support diverse groups of entrepreneurs and allow for innovation to flourish we will see new business models emerge to move us toward a truly just economy. 

(T)  Trade support is a critical service Chambers provide to the business community. Trade not only helps business supply the world with the goods and services we all desire, it also builds and maintains cross border relationships. Chambers offer a range of services including mediation, ease of doing business by digitising processes as well as connecting SMEs through networking and business matching opportunities. Through this work Chambers are truly strengthening global multilateralism and in-turn global peace. 

09:00am-10:30am Opening Ceremony (Main Hall)

• National Anthem of Nepal
• Nepali Cultural Performance
• Welcome Remarks: Mr. Chandra Prasad Dhakal, FNCCI President (Nepal) & Mr. Peter McMullin AM, President, CACCI (Australia)
• Remarks by: Mr. Pradeep Kumar Shrestha, Vice President, CACCI / Former President, FNCCI ( Nepal)
• Remarks by: Special Guest Dr. Prakash Sharan Mahat, Honorable Finance Minister of Nepal
• Keynote Speaker: Dr. Baburam Bhattarai, Former Prime Minister of Nepal
• Address by Chief Guest: Mr. Ramchandra Paudel, Right Honorable President of  Nepal
• Vote of Thanks: Mr. Anjan Shrestha, Senior Vice President, FNCCI( Nepal)
• Group Photograph & Tokens of Appreciation

10:30am-10:45am Coffee Break

10:45am-12:00pm Plenary Session 1

SUSTAINABILITY: Developing Clean and Renewable Energy for a Greener World
(Main Hall)

This session will feature speakers who will share their views on how to ensure a sustainable supply of renewable energy, improve access to modern energy services, identify possible areas of regional cooperation to achieve a clean energy integration to build a greener world, and how chambers can play the role as a voice of change at COP28 in Dubai.

Speakers – 10 minutes each

• Mr. Sushil Chandra Tiwari, Secretary, Water and Energy Commission Secretariat, Government of Nepal. (Nepal)
• Mr. Khurram Sayeed, CEO, Planet Energy Pvt. Ltd / Vice President, CACCI (Pakistan)
• Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy, and Environment (ACWEE) (Nepal)
• Dr. Alireza Yavari, Deputy President for International Affairs, ICCIMA / Vice President, CACCI (IRAN)
• Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC) (Hong Kong)
• Moderator: Mr. RV Shahi, Ex-Secretary, Ministry of Power India (India)

Tokens of Appreciation

12:00pm-01:15pm Plenary Session 2

ENTREPRENEURSHIP: Driver for Regional Economic Growth
(Main Hall)

Discussion will focus on how to promote the entrepreneurial spirit in the region – particularly young and women entrepreneurs – through, for instance, mentorship and access to capital and markets, in order to make them effective and sustained contributors to the economic growth of their respective communities and the national and regional economy as a whole.

Speakers – 8 to 10 minutes each

• Mr. Michael Lee, Chair, Membership and Partnership Alliance Committee, YEGAP / CEO, CreBiz Factory (South Korea)
• Mr. Allen John Ku, Vice-President, EVERIII & Partners / Director, Startup Island Taiwan (The Intersection of Innovation & Technology) (Taiwan)
• Mr. Sanjeeb Panthee, Good Return  (Nepal)
• Ms. Sudha Shivkumar President, FICCI Ladies Organization (Women Entrepreneurs) (India)
• Prof. Pramod B. Shrestha Ph.D. Entrepreneurship and the Metanarrative of Economic Growth: An Overview, Ph.D. (Engineering Management, University of Alberta, Edmonton, Canada) Institute of Engineering, Tribhuvan University (Nepal)
• Ms. Narin Shahrokhi Kabir, ICCIMA (Iran)
• Moderator: Mr. Suraj Vaidya, Past President, FNCCI / President, Vaidya’s Organization of Industries & Trading Houses (Nepal)

Tokens of Appreciation

01:15pm – 02:30pm Lunch

02:30pm – 03:30pm

 Policy Advocacy Working Group Meeting
(Main Hall)

• Session Chair: Mr. Peter McMullin AM, President, CACCI (Australia)
• Presenter (virtual): TEPAV (Turkey) on “Sector Specific, Green Transformation Model for Value Chain Formation Among CACCI Member Countries”

03:30pm – 05:00pm

Discover Business Opportunities Through CACCI
(Main Hall)

• Session Chair: Mr. Jemal Inaishvili,  President Emeritus, CACCI (Georgia)
• Special Remarks: Mr. John Denton AO, Secretary General, ICC (Video) (Australia)
• Country Presenters: (1) Singapore Manufacturing Federation (SMF), Mr. Lennon Tan (Singapore)
• (2) FNCCI, Mr. Kush Kumar Joshi, Past President, FNCCI /Managing Director, Nepal Ekarat Engineering Co. Pvt. Ltd. (Nepal)
• (3) Iran Chamber of Commerce, Industries, Mines & Agriculture (ICCIMA) – VIRTUAL (Iran).

05:00pm – 6:30pm Business Matching Sessions

07:00pm – 08:30pm Welcome Reception/Dinner 

CACCI internal meetings: 

03:30pm – 04:30pm Budget Commission Meeting (Bhaktapur Hall) (Not open to the public) 
05:00pm – 06:30pm 97th CACCI Council Meeting (Bhaktapur Hall) (Not open to the public) 

Tokens of Appreciation

07:00pm-08:30pm Welcome Reception (Cocktails followed by casual dinner)

Tuesday 7 November 2023

08:30am-09:00am Registration

09:00am-10:15am Parallel Breakout Session – Group 1

Asian ICT Council on “Envision the Future of AI”
(Main Hall 1)

Invited speakers will be requested to share their perspectives on the session theme “Envision the Future of Artificial Intelligence”: what are the challenges, opportunities, and benefits for industries and businesses

Speakers – 8-10 minutes each

• Mr. Sam Shen, Global Business Director, Taiwan Smart Solutions Alliance (TSSA) (Taiwan)
• Mr. Parag Shrestha, Managing Director, Fuse machines Inc.  (Nepal)
• Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC) (Hong Kong)
• Mr. Umesh Raghubanshi, Vice President, Federation of Computer Association Nepal (CAN Federation)   (Nepal)
• Prof. Andrew Koh, President, Singapore Chapter, Government Blockchain Association (Singapore)
• Session Chairman: Mr. Mangesh Lal Shrestha, Immediate Past Chairman, CACCI YEGAP / Global Vice President (Growth & AI) at Frost & Sullivan (Nepal)

Tokens of Appreciation

Asian Council on Food and Agriculture on “Food Security and Access: Ensuring Equitable and Sustainable Food Systems”
(Main Hall 2)

Invited speakers will be requested to elaborate on their views on how to ensure equitable and sustainable food systems through food security and food access.

Speakers -8-10 minutes each

• Mr. Rommel Gerodias, President, A101 Innovation Inc.“Food Safety”(Philippines)
• Mr. Sumit Kedia, Executive Director, Kedia Organization / Commodity Council Advisor , FNCCI (Nepal)
• Mr. Igor Piasetskii, Representative of the Chamber of Commerce and Industry of Russian Federation in India. (Russia)
• Mr. Hem Raj Dhakal,Vice President (Commodity), FNCCI (Nepal)
• Session Chairman: Mr. Pradeep Kumar Shrestha, Vice President, CACCI / Former President, FNCCI (Nepal)

Tokens of Appreciation

10:15am-11:30am Parallel Breakout Session – Group 2

Young Entrepreneurs Group Asia-Pacific on “Digital Transformation and Adoption of AI: Driver for Innovation in Entrepreneurship, Trade and Sustainability”
(Main Hall 1)

This session will feature speakers who will examine how digital transformation and the adoption of AI will serve to drive and enable innovation in entrepreneurship, trade and sustainability.

Speakers – 8-10 minutes each

• Mr. Michael Lim, Founder, Beyond Value (Australia)
• Mr. Aabhushan Jyoti Kansakar, Board Member, Nepalese Young Entrepreneurs Forum (NYEF) (Nepal)
• Mr. Saurabh Jyoti, Chairman, Syakar Trading Co. P. Ltd. (Nepal)
• Session Chairman: Mr. Rommel Gerodias, President, A101 Innovation Inc. (Philippines)

Tokens of Appreciation

Asian Council on Tourism on “Green Tourism for Sustainable Future”
(Main Hall 2)

Invited speakers will share their experiences and best practices in promoting green tourism in their respective countries for a sustainable future.

Speakers – 8-10 minutes each

• Mr. Yogendra Shakya, Chairman, Club Himalayan Resort, Nagarkot (Hotel Ambassador) (Nepal)
• Dr. Dhananjaya Regmi, CEO, Nepal Tourism Board (Nepal)
• Mr. Binayak Shah, President, Hotel Association Nepal (Nepal)
• Session Chairman: Mr. Anura Lokuhetty, Chairman, Red Apple Travels & Holidays Lanka (Pvt) Ltd. (Sri Lanka)

Tokens of Appreciation

11:30am-12:45pm Parallel Breakout Session – Group 3

SME Development Council on “Private sector and government cooperation for SMEs change management”
(Main Hall 1)

This session will feature speakers who will elaborate on their countries’ experience in promoting the growth and development of SMEs and the government policies in place to achieve this objective amidst a changing market environment.

Speakers – 8-10 minutes each

• Mr. Stuart Thomson, Co-Founder and Executive Director, Good Business Foundation / Chief of Staff, Office of the President, CACCI(Australia)
• Ms. Jyotsna Shrestha, Vice President (Associate), FNCCI(Nepal)
• Ms. Juna Mathema, Chairperson, Startup and Innovation Forum, FNCCI (Nepal)
• Session Chairman: Mr. George Abraham, Chairman, The GA Group Pte. Ltd.(Singapore)

Tokens of Appreciation

Asian Council on Water, Energy and Environment on “Clean & Green Energy: CO2 Zero Emission”
(Main Hall 2)

Invited speakers will share their views and perspectives on the importance of promoting clean and green energy and what their respective countries are doing in this regard.

Speakers – 8-10 minutes each

• Mr. Melvin Tan, Managing Director, Cyclect Pte. Ltd. / Vice President, SMF(Singapore)
• Mr. Ganesh Karki, President, Independent Power Producers Association, Nepal (IPPAN) (Nepal)
• Mr. Sher Singh Bhat, Former Deputy MD of Nepal Electricity Authority (Nepal)
• Session Chairman: Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy and Environment, CACCI (Nepal)

Tokens of Appreciation

12:45pm-02:30pm Lunch

02:30pm- 03:45pm Plenary Session 3

TRADE: Helping Businesses Become Global Trade Players
(Main Hall)

Invited speakers will elaborate on their thoughts and ideas on how to assist businesses, particularly the SMEs which comprised majority of chambers’ constituencies, adequately equipped to participate in the international market through, for instance, digital transformation, mediation and dispute resolution capability, and labor mobility and skills development to meet new business and market demands.

Speakers – 8 to 10 minutes each

• Dr. Yubaraj Khatiwada, Former Finance Minister of Nepal (Nepal)
• Ms. Deborah Lockhart, Chief Executive Officer, Australian Disputes Cetner (Mediation/Dispute Resolution) (Australia)
• Mr. James Shi Chu, Secretary General, Chinese National Association of Industry and Commerce (CNAIC), Taiwan (Taiwan)
• Dr. Posh Raj Pandey, Executive Chairman, South Asia Watch on Trade, Economics and Environment (Nepal)
• Dr. Gunveena Chadha, Assistant Secretary General and Coordinator International Division, Federation of Indian Chambers of Commerce and Industry (FICCI) (India)
• Moderator: Mr. Sheikh Fazle Fahim, Vice President, CACCI / Former President, FBCCI (Bangladesh)

Tokens of Appreciation

03:45pm – 04:00pm Coffee Break 

04:00pm – 05:30pm Plenary Session 4

CEO FORUM: Development Challenges and Opportunities in the Asia-Pacific Region
(Main Hall)

Company CEOs and business leaders will be invited to share their insights on what they think are the development challenges and opportunities faced by the region, including – but not limited to – food safety and security, tourism, supply chain resilience, climate change, cooperation in healthcare, the impact of the ongoing Russia-Ukraine conflict, and China’s economic growth.

Speakers – 8-10 minutes each

• Mr. Jemal Inaishvili, President Emeritus, CACCI / Former CEO, Poti Sea Port (Georgia)
• Mr. Samir Modi, Immediate Past President, CACCI / Executive Director, Modi Enterprises (India)
• Mr. Lennon Tan, President, Singapore Manufacturing Federation (SMF) (Singapore)
• Mr. Padma Jyoti, Chairman, Jyoti Group / Past President, FNCCI  (Nepal)
• Moderator: Mr. Peter McMullin AM, President, CACCI (Australia)

Tokens of Appreciation

06.30pm Gala Dinner

Wednesday 8 November 2023

Optional Post-Conference City-Tour
Departure of delegates

REGISTER HERE

Webinar on Advancing ESG Agenda: Net Zero Emission Supply Chain Through Carbon Footprint (CFP) – Register now!

The Confederation of Asia-Pacific Chambers of Commerce and Industry cordially invites members to join the webinar on Advancing ESG Agenda: Net Zero Emission Supply Chain Through Carbon Footprint (CFP) to be held on 19 October 2023 from 15:00-16:50 Tokyo time.

Jointly organized by the Asian Bankers Association (CACCI’s subsidiary organization) and the Association of Credit Rating Agencies in Asia (ACRAA), the 110-minute webinar will feature as Speakers a Japanese government official, a petrochemical company staff, a commercial banker and a rating agency representative.

THE SUBJECT: What is the Carbon Foot Print (CFP)?

A carbon footprint is a measure of the amount of greenhouse gases (primarily carbon dioxide) released into the atmosphere by an individual, organization, product, service, or event. The carbon footprint consists of two components: direct emissions and indirect emissions.

Direct emissions are the amount of carbon dioxide and other greenhouse gas emissions produced by energy use and transportation. Indirect emissions are those associated with the production, supply, and consumption of products and services.

They take into account the entire life cycle of a product and assess the greenhouse gas emissions at each stage of production, processing, transportation, use, and disposal of raw materials.

Measuring and reducing the carbon footprint is an important part of sustainable development and climate change action. Based on the measured data, effective greenhouse gas reduction strategies can be developed.

WEBINAR’S OBJECTIVE

This webinar will focus on and share different expert perspectives on how financing schemes can be used to reduce greenhouse gas emissions throughout the supply chain.

Participants will:

(a) gain an in-depth understanding of financing schemes to promote zero-emissions throughout the supply chain; and
(b) find concrete steps to adopt sustainable business strategies to run the business and protect the global environment

THE PROGRAM

15:00 Introductory Remarks
Speaker: Mr. Atsushi Masuda, Chairman of ACRAA, Counselor for International Affairs, Japan Credit Rating Agency (JCR).

15:05 Carbon footprint and net zero emission target for the entire supply chain
Speaker: Tomoki Sano, Deputy Director, Environmental Policy Division, Industrial Technology and Environment Bureau, Ministry of Economy, Trade and Industry (METI).

15:25 Outline of carbon footprint and sustainability link loan framework by NAGASE & CO., LTD.
Speaker: Mr. Yasuyuki Aizawa, Corporate Sustainability Office Manager, NAGASE & CO., LTD.

15:45 Business management support for zero emission by financial institutions Speaker: Mr. Naoya Orita. Vice President/Head of Sustainable Finance Japan, Sustainable Business Division, MUFG Bank, Ltd.

16:05 How to evaluate the alignment of Supply Chain Finance Framework with Sustainability Linked Loan Principles
Speaker: Ms. Atsuko Kajiwara, Managing Executive Officer, Head of Sustainable Finance Evaluation Group.

16:25 Panel discussion and Q&A Session.

16:50 Closing Remarks.

Please register HERE and share this invitation with colleagues.

About ACRAA:

ACRAA was formally organized on 14 September 2001 at the Asian Development Bank headquarters by 15 Asian credit rating agencies from 10 countries. As of September 2022, membership has increased to 28 members from 15 countries. An initiative of the ABA, ACRAA unites domestic credit rating agencies in a regional cooperative effort to develop and promote interaction and exchange of ideas, information, and skills among credit rating agencies in Asia to enhance their capabilities and their role of providing reliable market information. ACRAA also aims at promoting the adoption of best practices and common standards that ensure high quality and comparability of credit ratings throughout the region, following the highest norms of ethics and professional conduct.

28th CACCI Tourism Newsletter available

CACCI is pleased to share with you the 28th Volume of CACCI Tourism Newsletter, it is available to view or download here.

We hope that this publication will serve as an effective platform for an exchange of information among the tourism sector in the CACCI region.  Members are, therefore, encouraged to contribute articles for our future issues.  Kindly forward your materials, preferably with accompanying photos to teresaliu@cacci.biz.

Thank you, and with best regards.

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)

CACCI Newsletter on Food and Agriculture available

Taipei – We are pleased to share with you the 20th Volume of CACCI Food & Agriculture Newsletter. It is available to view or download HERE.

We hope that this publication will serve as an effective platform for an exchange of information among the tourism sector in the CACCI region.  Members are, therefore, encouraged to contribute articles for our future issues.  Kindly forward your materials, preferably with accompanying photos to teresaliu@cacci.biz.

Thank you, and with best regards.

Sincerely yours,

David Hsu
Director-General
CACCI

CACCI Director-General Calls on Russia’s Representative in Taipei

CACCI Director-General Mr. David Hsu on September 15 called on Mr. Yury Metelev, Representative the Representative office in Taipei for the Moscow-Taipei Coordination Commission on Economic and Cultural Cooperations.

Mr. Hsu was accompanied by CACCI Deputy Director-General Mr. Amador Honrado Jr. Also attending the meeting was Mr. Kirill Beliaev, Assistant to Representative/Cultural Section Chief and Mr. Aleksei Tamara, Economic Section Chief of the Representative Of­fice.

Mr. Hsu and Mr. Honrado briefed Mr. Me­telev introduce the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the Asian Bankers Association (ABA).

They also learned from Mr. Metelev and his colleagues about the activities of their organization, as well as about the Far Eastern Economic Forum, an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East.

Mr. Metelev kindly offered to encourage the Russian business community – through the Chamber of Commerce and Industry of the Russian Federation (CCIRF) – to participate in the 37th CACCI Conference to be held on November 6-7, 2023 in Kathmandu. He agreed that participation by Russian businessmen in CACCI Conference will provide them to network with CACCI members from other countries and explore possible areas of business cooperation and joint ventures.

Water, Energy & Environment Newsletter available

CACCI is pleased to announce that the 11^th edition of the Asian Council on Water, Energy and Environment (ACWEE) newsletter is now available to read or download here.

The latest issue includes features on the world’s water crisis and renewable energy, as well as projects to help fight plastic pollution, mobilize financing for energy transition in Asia, and sponge cities for water efficiency.

We hope that this edition– and future ones– may serve as an effective platform for an exchange of information among members of the water, energy, and environment sectors in the region.

If you wish to contribute articles or other materials that can be published in the next newsletter, you may send them to the CACCI Secretariat’s at cacci@cacci.biz

Thank you and best regards.

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce & Industry

Proposed CACCI Joint Seminars on “International Trade Terms” for new changes in 2023

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) plans to organize for the second half of 2023, in cooperation with interested Primary and Affiliate Members, four different one-day seminars on International Trade Terms 2020 (Incoterms 2020) and related themes.

The four proposed programs are:

(1) New Revision of the International Trade Terms (one day)

(2) Developments in Demand Guarantees and Standby L/C World (one day)

(3) Advanced Seminar in Incoterms 2020 and their Linkage to Documentary Credits  (one day)

(4) Advanced Seminar on Payment and Security Instruments in Foreign Trade, Trade Finance (one day)

As the Incoterms 2020 have been applicable since January 1, 2020, being familiar with all changes and their impact is a must in the international trade and finance world.  Moreover, new changes were implemented during 2023 that might require further study.

Interested chambers can choose from the suggested topics and preferably organize a two one-day courses. The programs can be adjusted according to the Chamber’s needs. For instance there could be more comprehensive one-day course just on documentary credits and their financing, with news such as ISBP 821 and new ICC Opinions on some practical issues. New topics can be added or deleted. In fact, more time will be allocated to practical case studies and discussions.

By attending the seminars, participants will be able to:

(1) get a further understanding on the main aspects of contract of sale, related risks, main problematic issues;
(2) familiarize themselves with trade terms as per Incoterms and above all with new revision Incoterms 2020 – their practical impact on international trade and finance; and
(3) learn about the relationship of payment terms to trade terms – Incoterms 2020.

The seminars will be conducted by Mr. Pavel Andrle, Secretary to the Banking Commission of ICC Czech Republic as well as Member of UCP 600 Consulting Group.

In this regard, we would like to know whether your Chamber is interested in hosting the proposed seminars under a cost-sharing arrangement as outlined in the Annex 1.

Please let us know if your Chamber is interested to host the proposed seminars under the proposed cost-sharing arrangements by filling out the attached Response Form and returning it to us through our Fax No.: (886 2) 2760-7569 or e-mail: cacci@cacci.biz by September 15, 2023.

CACCI Joint Seminars on “International Trade Terms” in April 17-18, 2023 in Hanoi

Excellent webinar on Hong Kong After Covid-19 held on 14 July 2023

The Kowloon Chamber of Commerce (KCC) hosted a well-attended webinar on “Hong Kong After CoVid-29’ on July 14, 2023, 2:00 PM Hong Kong Time.

Co-organized with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the one-hour webinar featured as Speaker Professor Terence Chong, Associate professor of Economics, The Chinese University of Hong Kong. Serving as Moderator was Mr. Ernest Yuen, KCC Chairman and Vice President of CACCI

Professor Chong made a presentation on the current economic and financial sector situation in Hong Kong, the policy measures the territory has adopted to mitigate the impact of the pandemic and to achieve sustainable economic recovery and sustainable growth, and the trade, investment, and business opportunities it currently offers, particularly to investors from other counties in the region.

In his presentation, Professor covered the following topics:

(1) An overview of the current state of Hong Kong economy

(2) The growth in the number of tourists after the opening up of Hong Kong in 2023

(3) The current state and future prospects of Hong Kong’s Banking and Financial sector

(4) Hong Kong’s housing market prospect

(5) The engine of growth for Hong Kong economy in the second half of 2023

Professor Chong highlighted the following points in his report:

• The Hong Kong economy posted a growth of 2.3annual growth during the first quarter of 2023, after recording negative quarterly growths in 2022 from -1.2% to -4.6%.
• The Hong Kong unemployment rate has started to decline in 2023 to reach the low levels of about 3% prior to the pandemic period, with the number of employed persons going up since the start of the current year.
• Inflation rate has also been controlled to the 2.0% level in May 2023
• China and Hong Kong exports have also been slowly improving from their 2019-2020 levels;
• Fiscal expenditures on average stay higher than prior to the pandemic period due to the government’s pandemic-related spending
• The number of arriving tourists has started to go up in 2023 from almost zero in the previous three years, as Hong Kong begins to open up.
• Passenger traffic at the airport continues to show a net outflow of Hong Kong residents in 2023 although the situation has slightly improved compared with the previous three years.
• The traffic of visitors from Mainland China has remained more or less steady, while passenger traffic from other countries has shown improvement during the early part of 2023
• The banking sector remained healthy, with their balance sheets showing a gradual growth during the past two years
• Bank loans to the private sector have also remained high indicating a steady demand from businesses.
• The Hong Kong 3-month Interbank rate has followed the same trend shown by the US Fed Funds Rate
• The Hong Kong housing price index as well as the Hong Kong Property Market price index have slightly dipped but stayed at a level higher than prior to 2020, indicating a continuing demand
• For the second half of 2023, business confidence is rising, as reflected in the positive annual growth in retail sales during the first half of the year.
• The Hong Kong government is currently working on the integration of the Hong Kong economy through the development of the Greater Bay Area, which covers regions that have their respective strengths in finance, technology, and manufacturing.

Only registered participants received a copy of the presentation.

The video recording of the webinar is available here.

CACCI Profile – November edition available

We are pleased to announce that the November 2023 issue of CACCI Profile is now available. Please click here to read or download.

This month’s issue features the highlights of the recently concluded 37^th CACCI Conference in Kathmandu, Nepal. It also includes news on the WCF General Council Meeting in Geneva in late November, and on the recent meeting of CoNGO President Liberato Bautista with CACCI Secretariat officers.  Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz

First Semester 2023 Issue of the CACCI Journal of Commerce and Industry

We are pleased to announce the First Semester 2023 issue of the CACCI Journal of Commerce and Industry is now available online.

It is our ardent hope that this publication will continue to serve as an effective platform for the exchange and sharing of information and ideas among CACCI members on issues impacting on the region’s commerce and industry.

We would also like to take this opportunity to invite all members to contribute articles for the next issues of the Journal. Kindly send your materials to the CACCI Secretariat through our e-mail address at cacci@cacci.biz

CACCI Director-General Calls on Turkey’s Representatives in Taipei

Turkey’s Representative in Taipei Mr. Muhammed Berdibek (center) received CACCI Director General Mr. David Hsu (left)  and Deputy Director-General Mr. Amador Honrado Jr. (right) on July 21, 2023 at the Turkish Trade Office in Taipei.

During the visit, Mr. Hsu introduced CACCI and the Asian Bankers Association (ABA), one of the Product and Service Councils established under the CACCI umbrella, to Mr. Berbidek. Hel also outlined programs of CACCI and highlighted the active involvement of the Union Chambers and Commodity Exchanges of Turkey (TOBB) since it joined CACCI as a Primary Member in 2009. Among others, Mr. Hsu informed  Mr. Berbidek that TOBB has hosted two annual gathering of CACCI and three CACCI Presidential visits, and that incumbent TOBB President Mr. Rifat Hisarciklioglu has served as CACCI Vice President since 2014.

Mr. Berbidek expressed his appreciation for the visit of Mr. Hsu and Mr. Honrado and offered his office’s assistance in helping CACCI members from other countries – especially those from Taiwan – who may be interested in exploring business opportunities in Turkey, and in establishing contacts with relevant government agencies in the country.

Successful CACCI Presidential Visit to Taiwan on 17-18 May 2023

CACCI President Mr. Peter McMullin AM and representatives from various CACCI Primary Members visited Taipei on May 17-18, 2023 to meet with officers of CACCI Primary and Affiliate Members in Taiwan – namely, the Chinese International Economic Association (CIECA) Taiwan, the Chinese National Association of Industry and Commerce (CNAIC) Taiwan, and the Importers and Exporters Association of Taipei (IEAT) – as well as to make courtesy calls on key government officials of Taiwan and other organizations involved in promoting trade and investment cooperation between Taiwan and other countries. The CACCI delegation also visited local business enterprises engaged mainly in the ICT sector to obtain information on their products and services and other related activities and explore possible areas of business cooperation.

It was the first Presidential visit led by Mr. McMullin since he assumed the CACCI Presidency in November 2022 in Melbourne, Australia. The Presidential visits are intended to give the CACCI President and CACCI members the opportunity to gather first-hand information on the business situation in the host country; further build up the image of CACCI by making courtesy calls on key government officials; and meet business leaders in the country, particularly those from industries or sectors that the host country wishes to promote.

The two-day visit provided the delegation the opportunity to strengthen ties between CACCI and Taiwanese government officials and businessmen, and to seek their support for the Confederation and its activities. During their various meetings with private and government sector representatives in Taiwan, Mr. McMullin and members of his delegation introduced CACCI, elaborating on the Confederation’s objectives and what it does to encourage cooperation among businessmen in the region. They also exchanged views on the local business conditions; areas of opportunities for business, trade and investment; and policies set in place by the Taiwanese government to attract foreign investors.

The CACCI delegation was composed mostly of chamber executives and businessmen from eight CACCI member countries looking at possible business and investment opportunities or considering expansion of their existing businesses in Taiwan, and to invite them to consider their respective countries as a Taiwanese investment destination. A complete list of the Taiwan visit delegation is presented at the end of the report.

The program of the visit was arranged by CIECA through its Chairman Mr. Henry Kao, with the support of the CNAIC and IEAT.

A chronology of the CACCI President Peter McMullin AM to Taiwan

MAY 16, 2023

Members of the delegation who arrived the day before the official start of the visit attended the dinner hosted by Mr. Harvey Chang, Chairman of the CACCI Advisory Board and CACCI President Emeritus. Mr. Chang served as CACCI President for two terms from 2010 to 1014.

The dinner provided the attendees the opportunity to introduce themselves to each other and to know more of their businesses and their other interests, thereby setting the stage for more camaraderie over the next two days. Mr. Chang also took the occasion to present tokens of appreciation to Mr. McMullin and to CACCI Former President Mr. Jemal Inaishvili from Georgia.

CACCI Vice President Mr. Khurram Sayeed from Pakistan also presented Mr. McMullin a CACCI pin which he had made in Pakistan.

MAY 17, 2023

Courtesy Call on the Ministry of Economic Affairs

The delegation was warmly received by key officers of the Ministry of Economic Affairs (MOEA) and the Bureau of Foreign Trade led by Deputy Minister Chern-Chi Chen.

In his welcome Remarks. Deputy Minister Chen informed the visitors that the MOEA is responsible for formulating policy and laws for industry and trade, foreign direct investment, energy, minerals, measurement standards, intellectual property, and state-owned enterprises.

He also pointed out that the global environment is currently faced with many political challenges and that the support of the chambers of commerce is needed in the effort to deal with these challenges. He said that local business groups such as CIECA and CNAIC have been doing their part in strengthening Taiwan’s foreign relations and implementing the Taiwanese government’s trade policies aimed at promoting and stabilizing trade relations with other countries, including China.

Deputy Minister Chen likewise stressed the ongoing efforts of his government to expand relations with its ally countries including the US, the EU, Japan, Southeast Asian countries, South Asian countries, Australia and New Zealand.

In response, Mr. McMullin thanked the MOEA for the strong support that the Taiwanese government has extended CACCI over the years. He also pointed out that:

(a) CACCI was established in 1966 – with its organizational meeting held in Taipei – to provide a platform for networking and cooperation among businessmen in the region. Taiwan – through CNAIC under the chairmanship of the late Dr. Koo Chen-Fu – was one of the founding members.

(b) Under the initiative of the late Dr. Jeffrey L. S. Koo – who was Past CACCI President – Taiwan offered in 1981 to host the Permanent Secretariat of CACCI, making it one of the first and few regional organizations with headquarters in Taiwan.

(c) CACCI’s current membership includes 28 national chambers of commerce and industry from 26 Asian countries and independent economies – including CNAIC and CIECA from Taiwan as Primary Members and the Importers and Exporters Association of Taipei (IEAT) as Affiliate Member.

(d) CACCI has working relationships with other regional and international organizations such as the International Chamber of Commerce, the Eurochambres, the ASEAN Business Advisory Council, the APEC Business Advisory Council, the Pacific Alliance, the Indian Ocean Regional Association, the B20, the World Trade Organization, the SAARC CCI, and the Asian Development Bank, among others.

(e) CACCI has consultative status with the United Nations and a member of the Conference of Non-Government Organizations (CoNGO) under the UN umbrella.

(f) Taiwan – through CNAIC, CIECA, and IEAT – has always taken an active role in the Confederation. Among others:

• Taiwan has hosted CACCI six annual gatherings (Council Meetings and Conferences in 1966, 1980, 1984, 1988, 2006 and 2016), two CACCI Summit Meetings (2011 and 2016), and one Presidential Visit in 2018.
• CACCI has had three Presidents from Taiwan – Dr. C. F. Koo, Dr. Jeffrey L. S. Koo, and Mr. Harvey Chang.

(g) Given the geographical scope of its membership, CACCI provides a good platform to promote Taiwan’s New Southbound Policy in its 18 target countries (12 of which are within the geographical scope of CACCI’s membership) , providing the Taiwanese business community the opportunity to reach out into the regional market, as well as for the Taiwanese government to promote its trade and investment policies in the region.

(h) While in Taipei, the CACCI delegation will meet with representatives of local companies engaged mainly in ICT activities to exchange information on mutual interest and explore possible areas of business cooperation.

Mr. McMullin expressed his hopes that Taiwan – through CIECA, CNAIC and the IEAT – will remain actively involved in the Confederation, stressing that CACCI certainly needs Taiwan’s continued strong representation in the group, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

He also Informed Deputy Minister Chen that the 2023 CACCI Conference will be held in Phnom Penh, Cambodia on October 30-31, with the Cambodia Chamber of Commerce as host, pointing out that the event will provide another opportunity for CACCI members and other businessmen in the region to exchange views on issues of current interest to the business sector. He said that he is hoping there will be another good turnout of Taiwanese participants in this year’s Conference.

He also explored with the Deputy Minister the possibility that Taiwan – through the initiative of CNAIC, CIECA and IEAT and the support of the Taiwanese government – can host another CACCI Conference in the near future, emphasizing that this will provide CACCI members from other countries the opportunity to:

1. meet with local businessmen and policymakers and gain first-hand information about the current economic and business condition in Taiwan and the market opportunities it offers;
2. learn more about the Taiwan government’s current trade and investment policies and the industry sectors in which foreign investors are being encouraged to consider; and
3. explore possible areas of economic cooperation, joint ventures and other forms of business collaboration between Taiwan and other countries in the region;

During the Q&A session, the following points were raised by some members of the CACCI delegation:

(a) Mr. Khurram Sayeed from Pakistan informed the Deputy Minister that the current level of bilateral trade between Pakistan and Taiwan is negligible, with Pakistan’s trade with Taiwan representing only 0.1% of the latter’s trade.

(b) He said that for bilateral trade to increase, it is important to improve people-to-people contact, which can be done by easing visa applications between the two countries. He cited the current difficulty for Pakistani businessmen to secure Taiwanese visa. However, he noted that for the CACCI Presidential visit to Taiwan, the Pakistani delegates obtained their visa easily due to the assistance and facilitation of CACCI.

(c) Mr. Sayeed therefore proposed the possibility of enabling CACCI to help facilitate the visa issuance process through setting up a mechanism with the Taiwanese government for this purpose.

(d) Deputy Minister Chen concurred with Mr. Sayeed on the importance of more people-to-people contact to improve trade between two countries. He suggested that CACCI can help request the Pakistani government to send a message to the Taiwanese government on this matter, and he offered to broker the process.

(e) Mr. Atif Iqbal from Pakistan said that the strength of multilateral relations depend much on the ease and cost of doing business. He pointed out that Pakistan has many attractions as an investment destination such as land and talent availability in the country and a young population (some 60% of its people are below 30 years of age), and that it offers many opportunities for joint ventures between Pakistan and Taiwan (for instance, in the pharmaceutical industry).

(f) Deputy Minister Chen remarked that Taiwan does need start-ups in the wind and solar energy, which is increasingly becoming a major energy source of the island.

(g) Mr. Dennis Hu, Chairman of the CACCI ICT Council, identified possible areas of collaboration between Taiwan and other countries (including Pakistan) such as in the area of Smart Healthcare (e.g., intelligent hospitals), Smart Energy System (e.g., energy allocation), and in the development of young talents (e.g. ,digital skilling).

(h) On the issue of young talent development, Deputy Minister Chen said that Taiwan can offer small-scale training programs for specific countries.

(i) Mr. McMullin pointed out that Australia has a very developed MICE program and can therefore collaborate with Taiwan in this area. He also cited the important role of chambers as merchants of peace, taking the lead in addressing the supply chain issues, reforming the world training system, digital transformation of businesses, ESG issues, and promoting SMEs as well as young and women entrepreneurs.

(j) Deputy Minister agreed on the importance of facilitating the digital transformation of businesses, and noted that in this regard, the Taiwanese government has set up the Ministry of Digital Affairs (MODA) to help create a policy environment that will facilitate the digital transformation of businesses (e.g., develop benchmarks, content control, etc.).

(k) Dr. G. J. Lee, Deputy Director-General of the Bureau of Foreign Trade, Taiwan urged the CACCI delegation to take advantage of CACCI’s platform to visit more frequently, and for using Taiwan as a platform for reaching out into the regional market.

(l) Mr. Jemal Inaishvili informed the meeting that while his country Georgia is a relatively small market, there are representatives from big Taiwanese shipping companies operating in the country such as Evergreen, since Georgia provides good access to the European market. He therefore considered Tbilisi, Georgia as a new frontier for Taiwan.

(m) At the end of the meeting, Mr. McMullin presented a Testimonial of Appreciation to MOEA for receiving the CACCI delegation and providing them the opportunity to have a dialogue on issues of mutual interest. In exchange, Deputy Minister Chen also presented a gift to Ms. McMullin as a token of appreciation for visiting Taiwan and making a courtesy call on the MOEA.

Guided Tour of the CTBC Financial Park

From the MOEA, the delegation proceeded to the CTBC Financial Park, which is the headquarters of the CTBC Financial Holding, the company founded originally by the Koo family, including the late Dr. Jeffrey L. S. Koo, former CACI President and one of the pillars of the Confederation. The CTBC Financial Park, or Chinatrust Commercial Bank Headquarters, is a skyscraper office complex located in Nangang District, Taipei, Taiwan.

Construction of the complex began in 2010 and it was completed in 2013. The complex consists of three towers with a total floor area of 266,290 m².

The delegation was given a brief introduction on the CTBC Financial Park and later visited the CTBC Museum, where they were provided information on the history and founders of CTBC, its development and growth into what it is now – the biggest private commercial bank in Taiwan and considered the most international among the Taiwanese commercial banks with presence in many countries in Asia, Europe and the US.

Luncheon Hosted by Former Chairman of the CACCI Budget Commission

Following the guided tour, the visitors went up to the 19th Floor of the CTBC Financial Park for lunch hosted by Mr. Steve Hsieh, former Chairman of the CACCI Budget Commission.

During lunch, Mr. Hsieh, who also serves as Chairman of the Taiwan Lottery Corporation, handed out three sets of complimentary lottery scratch cards to each delegate. Four of the delegates won prizes ranging from 200 NTD to 500 NTD.

At the end of the meeting, Mr. McMullin presented a Testimonial of Appreciation to Mr. Hsieh for warmly receiving and hosting lunch for the CACCI delegation, and for giving them a guided tour of the CTBC Financial Park.

Courtesy Call on National Development Council

After lunch, the delegation went on for a courtesy call on the National Development Council (NDC), where they were received by NDC officers led by Minister Kung Ming-Hsin and Ms. Connie Chang, Director-General of the Department of Overall Planning.

During the meeting, the visitors learned that the NDC is the policy-planning agency of the Executive Yuan of the Republic of China. It has various departments covering Overall Planning, Economic Development, Social Development, Industrial Development, Human Resources Development, National Spatial Planning and Development, Supervision and Evaluation, and Regulatory Reform.

The CACCI visitors learned that since 2016, Taiwan has initiated development policies and activities covering the three major areas of industrialization, Smart City development, and Digitalization. For instance, the country has hosted events on smart city solutions.

The NDC officials pointed out that in the year 2018, the world saw the beginnings of China-US tensions, the onset of Covid pandemic in 2019 which impacted on the global value of supply chain and necessitated supply chain restructuring.

The NDC also underscored the importance of CPTPP for Taiwan to be part of regional economic integration and called on other countries, including those that are within the geographical scope of CACCI’s membership, to support Taiwan’s commitment to join the CPTPP.

For his part Mr. McMullin underscored the SET principle that he intends to pursue during his CACCI Presidency under the general theme of “Chambers of Commerce: Getting Business SET for the Future,” namely:

(S) Sustainability is critical for SMEs to gain a competitive advantage in today’s market, to be able to manage business risks, grow their brand and enhance their access to capital.

(E) Entrepreneurship and particularly inclusive entrepreneurship supports people with new ideas to solve some of our most entrenched challenges. By supporting entrepreneurs embrace new technologies, support diverse groups of entrepreneurs and allow for innovation to flourish, new business models emerge to move the region toward a truly just economy.

(T) Trade support is a critical service Chambers provide to the business community. Trade not only helps business supply the world with the goods and services we all desire, it also builds and maintains cross border relationships. Through this work Chambers are truly strengthening global multilateralism and in-turn global peace.

Mr. Sayeed reiterated the same points he raised during the courtesy call on the MOEA, namely, the need to ease visa issuance in order facilitate person-to-person contact, using CACCI representative in Pakistan to help facilitate and issue visa recommendation for Taiwan, Pakistan’s advantage of having a young population, and extending an invitation to the Taiwanese government to visit Pakistan to get first-hand information on the country’s business, trade and investment opportunities.

The NDC conveyed an invitation to young Pakistanis to visit and study in Taiwan – taking advantage of the Taiwanese government’s current policy of expanding scholarships program to international students – and obtain training in such sectors as ICT, semiconductor, software development and textile industry, among others. Taiwanese delegation (perhaps led by CIECA, CNAIC and IEAT) can also be organized to Pakistan to discuss and explore possible collaboration in important industries such as renewable energy and biomedicine.

Mr. Atif Iqbal from Pakistan suggested the possibility of establishing a Business Council between Pakistan and Taiwan as a vehicle for further increasing economic, trade and investment cooperation between the two countries.

At the end of the meeting, Mr. McMullin presented a Testimonial of Appreciation to NDC for receiving the CACCI delegation and providing them the opportunity to have a dialogue on issues of mutual interest.

Courtesy Call on the Ministry of Foreign Affairs

The CACCI group proceed to make a courtesy call on the Ministry of Foreign Affairs (MOFA) where they were welcomed by MOFA officers led by Deputy Minister Tien Chung-kwang.

Deputy Minister Tien said that Taiwan is proud to have the CACCI’s Secretariat set up in Taiwan as it provides them an effective channel to reach out into CACCI’s member countries in the region and beyond as well.

He informed the delegation of the humanitarian assistance that Taiwan has extended to countries that need it, such as those affected by the Ukraine-Russia conflict. He added that Asia is a very important region since some 50% – 60% of energy and food supply sail across its waters. The current fragile situation brought about by the current challenges should serve as a catalyst for governments and businesses to work together to address these challenges.

The Deputy Minister also cited Taiwan’s New Southbound Policy which he said has been setting in place the right policies for improving trade relations, people connection, and training of students and young people. He further sought the support of CACCI member countries for its bid to join the CPTPP as its participation in the agreement is important for Taiwan and is also expected to benefit other Asian countries.

Mr. McMullin mentioned the same points he raised during the delegations’ meeting with previous government agencies, namely: (a) the important role played by Taiwan in the activities of CACCI’s ; (b) the SET principle he plans to follow during his CACCI presidency; (c) the support of CACCI in addressing the challenges faced by Taiwan as well as its application for CPTPP membership; and the (d) important role played by chambers in general as merchants of peace through its continuous effort to conduct dialogue for peaceful relations through business.

Mr. Sayeed raised the same points he mentioned during the courtesy call on the previous government office, namely, the need to ease visa issuance in order facilitate person-to-person contact, using CACCI representative in Pakistan to help facilitate and issue visa recommendation for Taiwan with the endorsement of MOFA, Pakistan’s advantage of having a young population, and extending an invitation to the Taiwanese government to visit Pakistan to get first-hand information on the country’s business, trade and investment opportunities.

In response, the Deputy Minister said that as a short-term solution to the visa issue, he expressed his willingness to personally facilitate visa approval for Pakistani businessmen visiting Taiwan. But he cited the need for a long-term solution, which is a matter that needs to be discussed between the two governments in the future. He adds that Taiwan totally appreciates the potential for greater economic relationship between Pakistan and Taiwan and should therefore need to look at how to improve mobility of businessmen between the two countries.

Mr. Atif Iqbal from Pakistan also reiterated the points he raised previously with the other government offices visited, and once again suggested the possibility of establishing a Business Council between Pakistan and Taiwan as a vehicle for further increasing economic, trade and investment cooperation between the two countries. He further mentioned possible cooperation in the healthcare sector, such as the implementation of a borderless doctor program similar to that of SAARC. He said that there are currently 400 active pharmacies in Pakistan which can work with Taiwan, which could be a huge market for pharmaceutical products from Pakistan.

The Deputy Minister cited the importance of medical connectivity. In this regard, he mentioned the One Country, One Centre Program of Taiwan, under which mobile teams can inspect the situation in other countries such as Tuvalu every two to three months. He recognized the importance of the cooperation of doctors, the availability of machines for remote places, and smart health care system for remote consulting diagnosis, state-of-the-art diagnostic system, and tele-surgery. He said that as a starting point, Taiwan and Pakistan can have exchange visits for teams of specialists or pharmaceutical representatives.

Mr. Inaishvili expressed the group’s appreciation for the help extended by Taiwan to countries that were impacted heavily by the Covid pandemic. He acknowledged the important role of Taiwan in being the first country to notify the world of the onset of the pandemic in late 2019. He also cited the strategy of some countries of weaponizing trade. For instance, when Australia started an investigation on the source of Covid, China was antagonized and in retaliation, blocked the import of red wine from Australia.

Mr. Conrad Lee from Kowloon Chamber of Commerce (KCC) said that KCC aims to serve as a bridge between Hong Kong, China and Taiwan. However, this has been made a little more difficult since Hong Kong has changed a lot in recent years, affecting Taiwan – Hongkong relationship. He pointed out that if the system is not free, business cannot be free.

At the end of the courtesy call, Mr. McMullin presented a Testimonial of Appreciation to MOFA for receiving the CACCI delegation and giving them the opportunity to have a dialogue on foreign policy issues and other matters of mutual interest.

Meeting with Chinese National Association of Industry and Commerce, Taiwan (CNAIC)

The delegation then proceeded to the headquarters of the Chinese National Association of Industry and Commerce, Taiwan (CNAIC), a CACCI Primary Member in Taiwan, where they were received by CNAIC officers and members headed by Chairman Mr. Thomas T. L. Wu.

In his Welcome Remarks, Mr. Wu congratulated Mr. Peter McMullin on his election as CACCI President during the CACCI Conference held in November 2022 in Melbourne, Australia. He also praised Mr. McMullin for having been responsible for the recent admission of Singapore Manufacturing Federation (SMF) as the newest Primary Member of CACCI.

The delegation learned from Mr. Wu that the CNAIC was founded in 1952 as the first nationwide business organization. Many of its former Chairmen had taken active roles in CACCI, including the late Dr. Koo Chen-Fu and Dr. Jeffrey L. S. Koo. With a current membership of approximately 1,100 members affiliated with large corporations as well as SMEs, the CNAIC today provides regular financial advice to the government on behalf of the business community; promotes international industrial cooperation and cross-strait economic and trade exchanges; strengthens member services, organizes economic and trade-related activities and provides the latest business information; and provides latest information on global economic trends.

In response, Mr. Peter McMullin AM thanked Mr. Wu and its key officers and members for taking time from their busy schedules to meet with the CACCI delegation from several countries. He took the opportunity to introduce CACCI, underscoring the role it plays as a platform for people-to-people contact to improve inter-relationships – which is important not only for the Confederation but for the region as a whole in order to create a business environment conducive for business cooperation. He expressed his appreciation to Taiwan – as represented by CNAIC and other Taiwanese members in Taiwan – for recognizing the value of business relationships through its support of CACCI.

Mr. McMullin said he considered businessmen as merchants of peace because of the role they play in improving the economic standing of communities around the globe and therefore ensuring the absence of any conflicts. He mentioned that CACCI follows the SET concept – Sustainability, Entrepreneurship, and Trade – as the guiding principle for CACCI to make it well-positioned to address many challenges and issues faced by the global market environment.

He also took the opportunity to invite CNAIC and its members to send a big delegation to the 37th CACCI Conference to be held in Cambodia on October 30-31, 2023.

During the Q&A session, the following discussions took place:

(a) Mr. Sayeed once again cited the need to ease visa issuance in order facilitate person-to-person contact; stressed Pakistan’s advantage of having a young population; invited CNAIC members to visit Pakistan to get first-hand information on the country’s business, trade and investment opportunities and gain access to thousands of FPCCI members and set up businesses in Pakistan particularly in import-substituting industries, thereby helping solve the foreign reserves problem of Pakistan.

(b) Mr. Atif Iqbal from Pakistan noted that Pakistan exports pharmaceutical products to other countries with the Pakistani government’s push to promote the export of medicines, and encouraged Taiwanese government and businessmen to consider working with Pakistan in improving the standards of pharmaceutical production in order to meet international requirements. He also cited the opportunities in the construction industry of Pakistan, which currently imports building materials from China and Europe. Taiwan can serve as an additional source of construction products for Pakistan.

(c) CNAIC Chairman Mr. Wu informed Mr. Iqbal that the CNAIC has established a Committee that looks at Smart Health Care Program. This Committee can work with FPCCI in exploring possible areas of cooperation. He also informed the visitors that Taiwan is increasingly becoming a Muslim-friendly country, providing facilities and services that cater to the needs of Muslims (e.g., prayer rooms at the airport, restaurants that serve halal food, and the presence of a Muslim mosque in Taipei that has received leaders from Muslim countries in the past).

Dinner hosted by Chinese National Association of Industry and Commerce, Taiwan (CNAIC)

The CACCI delegation was then hosted by the CNAIC in a dinner held at Palais de Chine Hotel in a restaurant that had been awarded the three-star Michellin recognition, the only one given such recognition among the restaurants in Taiwan.

At the end of the dinner, Mr. McMullin and Mr. Wu exchanged tokens of appreciation for the opportunity to meet and exchange ideas on matters of mutual interest.

MAY 18, 2023

Visit to MiTAC Information Technology Corporation

The second day of the two-day program started with a visit to MiTAC Information Technology Corporation where they were received by key officers of the company headed by Chairman Dr. Robert Ting.

The visitors were first given an introduction on the company, including its history, its growth and development over the years, its milestones, and the range of its current product lines. Among others, they learned that MiTAC Information Technology Corporation is a professional IT solution provider, providing total solutions from edge to cloud with advanced R&D, TCO and worldwide operations, and with an annual revenue of about US$90 Billion.

They were further informed that the company’s current IT solutions cover Smart Transportation, Smart Enterprise, Smart Security, Smart Government, Smart Education, Smart Manufacturing, and Smart Finance. The visitors were also given the opportunity to experience virtually each of these IT solutions.

The delegation later visited the Innovation and New Product Centre of the company where they learned some of its recent and upcoming products and IT solutions, as well as the projects that they been commissioned to develop and implement in other countries such as the Philippines, Indonesia, and India.

Some members of the delegation expressed interest to consider possible areas of cooperation with MiTAC Information Technology in developing and implementing IT solutions in the various areas of expertise of the company.

At the end of the visit, Mr. Jemal Inaishvili presented a Testimonial of Appreciation to MiTAC Chairman Dr. Ting for receiving the CACCI delegation and giving them the opportunity to learn more about the company and possible areas in which they can cooperate with CACCI member countries in providing IT solutions.

Visit to Delta Electronics, Inc.

From MiTAC Information Technology, the delegation proceeded to the headquarters of Delta Electronics, Inc., a Taiwanese electronics manufacturing company where they were welcomed by its key officers led by Senior Consultant Mr. R. T. Tsai.

The visitors were informed that Delta Electronics was founded in 1971 primarily to serve as a global provider of power and thermal management solutions, and that:

(a) The company focuses on addressing key environmental issues such as global climate change. As an energy-saving solutions provider with core competencies in power electronics and automation, Delta engages in business categories that include Power Electronics, Automation, and Infrastructure.

(b) Delta offers some of the most energy efficient power products in the industry, including switching power supplies with efficiency over 90%, telecom power with up to 98%, and PV inverters with up to 99.2% efficiency.

(c) The company regularly invests over 8% of its annual sales revenues in R&D and has worldwide R&D facilities in China, Europe, Japan, Singapore, Thailand, and the U.S.

(d) The company has approximately 200 facilities worldwide including manufacturing, has an annual turnover of US$13 Billion, and that it has regional market centers in Thailand and the Middle East region.

The delegation was also shown the company’s wide range of products covering the following areas:

(1) Industrial Automation Solutions
(2) Building Automation Solutions
(3) Data Center Solutions
(4) Telecom Energy Solutions
(5) Smart Energy Solutions
(6) Display and Monitoring Solutions
(7) EV Charging Solutions

During the Q&A session, the delegation raised a number of points, including possible market arrangements in Pakistan and Georgia, after-sales service in Pakistan, opportunities in the construction industry in Pakistan, and opportunities in Iranian industries that are not covered by the US sanctions such as food and agriculture, textiles, and energy, among others.

At the end of the visit, Mr. McMullin presented a Testimonial of Appreciation to Mr. Tsai for receiving the CACCI delegation and giving them the opportunity to learn more about the company and its various product lines, and identify possible areas of cooperation with CACCI member countries.

Luncheon hosted by Mr. Henry Kao, Chairman, Chinese International Economic Cooperation Association (CIECA), Taiwan

The delegation was hosted lunch by Mr. Henry Kao, Chairman of the Chinese International Economic Cooperation Association (CIECA), Taiwan, the second CACCI Primary Member in Taiwan.

CIECA was founded by the late Dr. Jeffrey L. S. Koo on August 9, 2000 to promote international economic cooperation through collaboration of R.O.C. businessmen and private business organizations with their counterparts in foreign countries. It is composed of companies in the manufacturing, services and high-tech industries working together to expand Taiwan’s international relations, promote economic and trade cooperation and facilitate technological exchange.

In his Welcome Remarks, Mr. Kao underscored the important role played by CACCI and the business sector in addressing the various challenges in the global market and promoting cooperation among the business communities in the region. He said that CIECA aims to contribute to this effort of achieving regional economic cooperation.

Mr. McMullin conveyed CACCI’s appreciation to Mr. Kao and CIECA for its continued strong support of the activities of the Confederation, as well as for the sustained commitment of Taiwan and the Taiwanese government in supporting the efforts of CACCI to promote the interest of the region’s business community, thereby acting as Merchants of Peace. Mr. McMullin also highlighted the SET principle that he intends to pursue during his CACCI Presidency, namely, Sustainability, Entrepreneurship, and Trade which he said are critical elements for businesses to move forward post-Covid.

The other delegates reiterated the need for more people-to-people contact in order to improve cross-mobility of businessmen and enhance economic relations between countries in the region.

Mr. McMullin and Mr. Kao exchanged Tokens of Appreciation for the opportunity to meet with each other, thereby providing a forum for the CACCI delegation and key officers of CIECA to know each other more and explore possible areas of cooperation.

Courtesy Call on Commerce Development Research Institute

Following the lunch hosted by CIECA Chairman Mr. Henry Kao, the CACCI delegation visited the Commerce Development Research Institute (CDRI) where they were received by its key officers headed by Chairman Tain-Tsair Hsu.

After the brief Welcome Remarks of Chairman Hsu expressing his appreciation for the visit by the CACCI delegation, CACCI President Mr. Peter McMullin AM thanked Chairman Hsu for the warm welcome followed by a brief introduction on CACCI, what it does, and the strong support it receives from the Taiwanese government and business sector.

Thereafter, the other CDRI officers in attendance made presentations on the Institute and its various activities. They elaborated on the topics of cross-border e-commerce, application of market data, and how the Institute assists Taiwanese companies in foreign trade by applying value-added technologies, and the participation of CDRI in UN/CEFACT.

The CACCI visitors learned that:

(1) The CDRI was established in December 2007, and positioned as National Level Services Research think-tank. It plays the role as a platform of knowledge exchange for the government, the local industry, the academia, and research institutes; additionally, bringing in powerful resources and connections to provide suggestions to the Government as references for decision making, as well as to offer total solutions to private enterprises.

(2) As its major achievements to date, the Institute has coached 11,387 enterprises; increased enterprise revenue by NT$340.2 Billion, facilitated NT$1,253.4 Billion investment capital injection, created 378 innovative business models, and trained 41,847 service industry workers, thereby enabling industries to upgrade, transform and globalize.

(3) The Institute has also provided support to the Taiwanese governments New Southbound Policy, which target countries from ASEAN region, Australia, New Zealand and India and aim to support Taiwan companies to expand their business to the region.

At the end of the visit, Mr. McMullin and Chairman Hsu exchanged Tokens of Appreciation for the opportunity to learn more about each other’s organizations and to identify possible areas in which they can cooperate with CACCI member countries.

Meeting with the Importers and Exporters Association of Taipei (IEAT)

From CDRI, the CACCI delegation proceeded to the headquarters of the Importers and Exporters Association of Taipei (IEAT) and met with its key officers headed by Secretary-General Mr. Peter W. J. Huang. In welcoming the visitors, Mr. Huang said that the IEAT is proud to be an Affiliate Member of CACCI, adding that the Association is celebrating its 75th Anniversary in 2023.

He informed the CACCI delegation that the IEAT is the biggest association of importers and exporters in Taiwan, with its members registering a total import/export value of US$907 Billion. He pointed out that trade is important to Taiwan as it serves as the economic driving force of the island. With members composed of large and small enterprises, including start-up companies, the IEAT employs some 80 staff members to provide various services to its members. Following Mr. Huang’s welcome remarks, a video presentation was shown introducing the various services offered by the Association.

In response, Mr. McMullin cited the presence of many women in the IEAT staff, indicating that the Association is future-focused. He praised the business-like approach of Taiwan in dealing with other countries, and that CACCI, as a regional business organization, is comfortable with that approach. He added that this message from Taiwan – with its focus on resilient growth and sustainable development – resonates around the world. He stressed that the Presidential visits are a key part of CACCI’s program.

Mr. Huang informed the delegation that IEAT is ready to work with each of the chambers represented by the delegation members to promote mutual business opportunities. In response, the following comments were made by the visitors:

1. There is a need to explore possible ways of strengthening the connection between Pakistani businessmen and IEAT in order to establish close liaison and partnerships in sectors such as renewable energy, textiles and textile fibers, petrochemicals, tires, and luxury products, among others.
2. Many CACCI member countries are important sources of supplies for Taiwan, and vice versa, and therefore the possibility of signing MOUs with each other for this purpose as well as a regular sharing of market information (through their respective websites, for instance) should be considered.
3. In the case of Iran, Taiwan can consider promoting trade in non-sanctioned sectors and products (e.g., food industry) in order to help Iranian companies which are engaged in these products and sectors, adding that there is certainly enough room for trade of many products between Taiwan and Iran, as well as collaboration in the education sector.

Mr. McMullin and Mr. Huang exchanged tokens of Appreciation for the opportunity to meet with each other, thereby providing a forum for the CACCI delegation and key officers of IEAT to know each other better and explore possible areas of cooperation.

Dinner hosted by Importers and Exporters Association of Taipei (IEAT)

Mr. Huang and other IEAT officers later hosted dinner for the CACCI delegation at a venue located on the upper floor of the IEAT office. However, Mr. McMullin and his Chief of Staff Mr. Stuart Thomson were unable to join the dinner as they had to leave for the airport to catch up with their flight to Bangkok, Thailand where they were scheduled to attend the May 19 meeting of the Regional Committee for Asia-Pacific of the Conference of NGOs (CoNGO), an association of NGOs with consultative status with the United Nations, of which CACCI is a member.

Courtesy Call of the CACCI President on ROC President H. E. Tsai Eng-Wen

On the morning of May 18, CACCI President Mr. Peter McMullin made a courtesy call on President Tsai Ing-wen of the Republic of China (ROC), Taiwan.

In her Welcome Remarks for Mr. McMullin, President Tsai said that the nations included in Taiwan’s New Southbound Policy maintain engagement with CACCI and are key external trade partners for Taiwan. She also said that she looks forward to continuing Taiwan’s close cooperation with the Confederation to bolster connectivity among Asia-Pacific nations and make even greater contributions to the region’s economy and development.

An English translation of President Tsai’s remarks follows:

“I would like to begin by congratulating you, President McMullin, on assuming the CACCI presidency last year. Having previously met with a CACCI delegation in 2018, I now extend a very warm welcome to this delegation led by President McMullin. Your visit demonstrates the profound friendship between the confederation and Taiwan.

CACCI is an important platform for economic connectivity and collaboration in our region. As a founding member, Taiwan actively works with Asia-Pacific nations on advancing sustainable development in the region.

The Asia-Pacific region holds a key position in global geopolitics and supply chains. Following the outbreak of the COVID-19 pandemic and Russia’s invasion of Ukraine, and in the face of expanding authoritarianism, resilient and secure cross-border supply chains have become all the more important. Taiwan is committed to democratic values, economic freedom, and openness, and fulfills its responsibilities to the international community. This has made us a trusted partner throughout global supply chains.

At the same time, Taiwan is using its soft power to contribute to regional development. Since 2016, we have promoted the New Southbound Policy, working with partner countries to attain tangible results in such areas as economic cooperation, talent exchange, and regional connectivity. Last year, Taiwan’s trade with New Southbound Policy partner countries reached a new high of US$180.3 billion. That same year, our exports to these nations also achieved a historic peak of US$96.9 billion – up 17 percent from the previous year. During and after the COVID-19 pandemic, Taiwan has continued to deepen exchanges with New Southbound Policy partner countries in such areas as talent cultivation, disaster prevention, and agricultural technology.

The nations included in the New Southbound Policy also engage with CACCI and are key external trade partners for Taiwan. I want to thank CACCI for valuing and supporting Taiwan. We look forward to continuing our close cooperation with the confederation to bolster connectivity among Asia-Pacific nations and make even greater contributions to the region’s economy and development.

I once again welcome you and your delegation to Taiwan. I wish you all a successful trip.”

In response to President Tsai’s Welcome Remarks, President McMullin said that his delegation has been impressed by what they have seen in Taiwan and that the hospitality they have received has been exceptional. He said that the business-like nature of Taiwan is very much a comfort for the delegation members and that they have found it very easy to engage with organizations and government agencies in Taiwan.

President McMullin stated that his presidency, under the framework of CACCI, is based on three principles: Sustainability, Entrepreneurship, and Trade. He added that CACCI is working with regional and global organizations including the G20 and European chambers of commerce. Thanking the Taiwanese government for its support, President McMullin expressed his belief that “through our collaboration, we can achieve a great deal.”

Mr. McMullin also mentioned that for eight years he was the vice president of CACCI and that he visited Taiwan in 2018 with then CACCI President Jemal Inaishvili, who sends his regards to President Tsai, as do all the other members of his delegation. Noting that this is his third visit to Taiwan, President McMullin said that he looks forward to coming back soon.

Outstanding CACCI Presidential Visit to Vietnam led by Peter McMullin AM

A 23-strong CACCI delegation led by President Mr. Peter McMullin AM received a warm welcome from both the private and governments sectors of the Socialist Republic of Vietnam during the CACCI Presidential visit to Hanoi on May 22-23, 2023.

The two-day visit, which followed the CACCI Presidential visit to Taipei held on May 17-18, provided the CACCI delegation the opportunity to strengthen ties between CACCI and Vietnamese government officials and businessmen and to seek their support for the Confederation and its activities.

During their various meetings with Vietnamese private and government sector representatives, Mr. McMullin and members of his delegation from eight CACCI member countries introduced CACCI, elaborating on the Confederation’s objectives and what it does to encourage cooperation among businessmen in the region. They also shared information and exchanged views with the local host organizations on the current business conditions in Vietnam; areas of opportunities for business, trade and investment in the country; and policies set in place by the Vietnamese government to attract foreign investments. The delegation also had the opportunity to network with officers of local institutions and business enterprises and listened to presentations on their activities and projects, especially those that welcome the participation of foreign investors.

Hosted and organized by the Vietnam Chamber of Commerce and Industry (VCCI), the May 22-23 Vietnam visit was the third Presidential visits conducted by CACCI to Vietnam; the first was in 2011 led by then Ambassador Benedicto Yujuico from the Philippines, and the second one in 2018 headed by Mr. Jemal Inaishvili from Georgia.

The delegation to Vietnam was composed mostly of chamber executives and businessmen from eight CACCI member countries looking at possible business and investment opportunities in Vietnam or considering expansion of their existing businesses in the country, as well as to explore the possibility of attracting Vietnamese businesses to consider the market of their respective countries. A complete list of delegation members is attached at the end of the report.

Following is a chronology of the delegation’s program in Vietnam:

MAY 21, 2023

Dinner hosted by Pakistan’s Ambassador to Vietnam

On the eve of Day One of the Vietnam visit program, the CACCI delegation attended the dinner hosted by Pakistan’s Ambassador to Vietnam H. E. Samina Mehtab held at her residence. The dinner was made possible and facilitated by CACCI Vice President Mr. Khurram Sayeed from Pakistan.

During the dinner, Ambassador Mehtab informed the CACCI guests about some of the projects and programs that the Embassy has been undertaking to help promote trade and investment activities between Pakistan and Vietnam, especially in products and sectors in which Pakistan has a strong potential for growth and further development.

The delegates from other CACCI member counties also conveyed to the Ambassador the industries that they believe can be explored for possible cooperation between Pakistan and their respective countries.

MAY 22, 2023

Meeting with Officers and Members of the Vietnam Chamber of Commerce and Industry

As the first activity for Day One Program of the visit, Mr. McMullin and his delegation went to the headquarters of Vietnam Chamber of Commerce and Industry (VCCI), where they were met by the officers and members of the Chamber led by Chairman and President Mr. Pham Tan Cong.

In his Welcome Remarks, Chairman Pham noted that given the currently difficult economic situation globally, it is important for business organizations such as CACCI and VCCI to explore possible areas of collaboration to help enterprises and their respective constituencies overcome various challenges over time.

In response, Mr. McMullin thanked Chairman Pham for receiving the delegation and for the active role and strong support that VCCI has played in CACCI over the years, including previously hosting two Presidential visits (in 2011 and 2018) and two CACCI Conferences (1993 in Hanoi and 2000 in HCMC).

He also expressed his hopes that VCCI will remain actively involved in the Confederation as CACCI certainly needs Vietnam’s representation in the group, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

Mr. McMullin informed the VCCI Chairman that during his CACCI Presidency, he will work around the SET principle – Sustainability, Entrepreneurship, and Trade – as a basis for collaboration and cooperation among countries in the region to create an environment conducive to the growth of business and ensure stability and peaceful and productive relationship between countries, thereby making businesses merchants of peace.

Chairman Pham said that since Vietnam adopted the market economy in 1990, CACCI has provided VCCI the much-needed support to reach out into the regional and international markets. He said that since then, the Vietnamese economy has been doing very well, averaging an annual economic growth of 8%, one of the highest in the world.

The country hopes to maintain this growth momentum, targeting an average growth rate of 6-7% in order for Vietnam to become a developed country by 2035. He pointed out that VCCI, with its 200,000 enterprise members and 200 business association affiliates, aims to take advantage of the opportunities that will open up in the years ahead, and hopes to secure the support of CACCI in achieving this objective. VCCI also intends to remain a key policy adviser to the government, he added.

Chairman Pham welcomed the proposal of Mr. McMullin to host another CACCI Conference in Vietnam in the near future. He pointed out that despite the current geopolitical and economic challenges and difficulties in the global environment, Vietnam still sees the need for incoming and outgoing investments, particularly in green economy, circular economy, sustainable development, renewable energy, electronics, textiles and garments, ICT, and tourism, among others. To help achieve this objective the VCCI intends to continue its high-level commitment to take an active role in CACCI.

Members of the CACCI delegation raised the following points during the course of the meeting discussions:

(a) Mr. Khurram Sayeed cited the potential for bilateral trade between Vietnam and Pakistan in textiles, IT, fruits and vegetables, and pharmaceutical products.

(b) Mr. Jemal Inaishvili mentioned the important role played by Georgia as a transit point for goods to Central Asia as well as to European countries, and offered his assistance to discuss Vietnam-Georgia bilateral relations with relevant government officials in Georgia as well as in organizing visits of business delegations between the two countries.

(c) Dr. Alireza Yavari from Iran cited the potential for Vietnam-Iran bilateral trade in products exempted from US sanction such as food, medicines, pharmaceutical products, medical equipment, agricultural products, garments and textiles, and agricultural machinery, among others.

(d) Mr. Ernest Yuen from Hong Kong said he will invite members from Kowloon Chamber of Commerce to visit Vietnam to explore first-hand business opportunities offered by the country.

(e) Mr. Atif Iqbal cited the business opportunities in Pakistan’s pharmaceutical sector which is composed of 600 manufacturing companies, adding that Vietnam and Pakistan can collaborate in manufacturing and selling quality medicines at affordable prices.

(f) Ms. Weena Lee from Hong Kong offered her assistance in business legal aspects between Hong Kong and Vietnam, taking into account the fact that international business consulting has shifted its focus on Vietnam and that legal services in Vietnam has taken a more sophisticated legal framework with the aim of protecting investors.

Chairman Pham informed the delegation that he will lead a business delegation to Taiwan during the fourth quarter of 2023 to promote Vietnamese investments between the two countries.

At the end of the meeting, President McMullin and Chairman Pham exchanged tokens of appreciation for the opportunity to share information and views on business opportunities between Vietnam and CACCI member countries.

Meeting with the Ministry of Industry and Trade

Following the meeting with VCCI, the CACCI delegation proceeded to the Ministry of Industry and Trade (MOIT) where they were welcomed by key Ministry officers led by Mr. Vu Ba Phu, Director General of the Viet Nam Trade Promotion Agency.

In his Welcome Remarks, Mr. Vu informed the delegation that the MOIT is the government ministry in Vietnam responsible for the advancement, promotion, governance, regulation, management and growth of industry and trade. He said that:

(a) On the one hand, the MOIT provides the policy mechanism for the growth and development of Vietnam’s trade and investment. On the other hand, the MOIT provides public services to enterprises, and trade and industrial organizations.

(b) The MOIT has set up a One Centre for International Trade and Promotion which has working relations with more than 100 organizations, attends to bilateral relations with other countries (cultural, economic, etc.), and deals with importers and exporters through its 150 local offices and three overseas offices.

In response, CACCI President Mr. Peter McMullin:

(a) Thanked the Ministry for receiving the CACCI delegation and for making the necessary arrangements for the visit and its warm hospitality, as well as the government of Vietnam for its support of CACCI and its activities through the strong and active cooperation of VCCI.

(b) Introduced CACCI by mentioning that: it was established in 1966 to provide a platform for networking and cooperation among businessmen in the region; CACCI’s membership currently includes 28 national chambers of commerce and industry from 26 independent economies – including VCCI; CACCI has working relationships with other regional and international organizations such as the International Chamber of Commerce, the Eurochambres, the ASEAN Business Advisory Council, the APEC Business Advisory Council, the Pacific Alliance, the Indian Ocean Regional Association, the B20, the World Trade Organization, the SAARC CCI, and the Asian Development Bank, among others; CACCI has consultative status with the United Nations and a member of the Conference of Non-Government Organizations (CoNGO) under the UN umbrella.

(c) Mentioned that Vietnam – through the VCCI – has always played an active role in the Confederation: Since it joined as a CACCI Primary Member in 1990, VCCI has hosted two annual gatherings – the first one in 1993 in Hanoi, and the second one in 2000 in HCMC, and VCCI has also hosted two CACCI Presidential visits before – in 2011 and in 2018.

(d) Expressed his hopes that Vietnam – through VCCI – will remain actively involved in the Confederation, adding that CACCI certainly needs Vietnam’s representation in the group, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

(e) Pointed out that, considering the geographical scope of its membership, CACCI provides a good platform for the Vietnamese business community to reach out into the regional market, and for the Vietnamese government to promote its trade and investment policies for the region.

(f) Extended an invitation for Vietnamese government officials and businessmen to attend the 37th CACCI Conference to be held on 30-31 October 2023 in Cambodia to be hosted by Cambodia Chamber of Commerce.

(g) Expressed his hopes that Vietnam – through the initiative of VCCI and the support of the Vietnamese government – can host another CACCI Conference in the near future, given that the last Conference was held 23 years ago in 2000 in HCMC.

Following Mr. McMullin’s response, Director-General Vu provided the delegation the following salient macroeconomic information about Vietnam to provide CACCI members some basis for deciding how foreign investors can cooperate with the country:

(a) Vietnam is a typical example of a WTO member in terms of how it benefited from its membership in the organization. Among others, since its admission into the WTO, Vietnam’s GDP grew four times; it is one of the 22 countries with the biggest trade revenue in the world in terms of both volume and value;

(b) FDIs have played a major role in the country’s growth; FDIs account for 70-75% of the country’s total revenue, with Japanese investment expected to continue growing in the next five years;

(c) Vietnam is considered the workshop of the world beside China, especially in electronics and textiles and apparels;

(d) The country enjoys the advantage of having 18 free trade agreements with many countries (CPTPP, IFAP), and has recently concluded FTA negotiations with Israel and the UAE.

(e) Vietnam has a young population, with 65% of its people under 45 years of age;

(f) The country’s infrastructure has continued to be upgraded over the past 10 years;

(g) Vietnam has great connectivity with neighboring countries in the north, and demonstrates great dynamism with neighboring countries in the south; The Mekong Delta River has improved and enhanced connectivity with neighboring countries both in the north and the south;

(h) Agricultural and fishery products are major exports (including forestry, aquaculture, rice, coffee, cashew nuts), and Vietnam is one of the top five exporters in the world in wooden furniture;

(i) The country targets FDIs in processing and in-depth processing products (e.g. vegetables and fruits)

(j) The country’s industrial sector is focused on producing for exports and on developing the foundation industries (e.g., chemicals, mechanical equipment)

(k) Vietnam is among the strongest in the world in textiles (weaving and dyeing using new technology), leatherware, and construction materials;

(l) E-commerce and digital economy is expected to post a 25-27% growth rate annually over the next five years;

(m) Vietnam is ranked top three in Asia in terms of the number of companies using digital application, and is expected to become the hub for AI and digital transformation of the APEC region;

(n) It is considered one of the top counties in terms of Internet and smartphone users

(o) With a population of 100 million, Vietnam has the potential to have a strong retail and service sectors;

(p) Vietnam encourages 100% FDI instead of through joint ventures or through M&A via securities markets;

(q) Vietnam’s Investment and Corporate Law covers both local and foreign companies (and does not discriminate between the two)

At the end of the meeting, President McMullin and Director-General Vu exchanged tokens of appreciation for the opportunity to share information and views on trade and investment opportunities between Vietnam and CACCI member countries.

Lunch Hosted by CACCI President

After the meeting with MOIT, Mr. McMullin hosted lunch for the delegation at the Ngon Garden Restaurant, where they enjoyed a great selection of Vietnamese cuisine.

Meeting with the Ministry of Agriculture and Rural Development

Following lunch, the delegation made its way to the Ministry of Agriculture and Rural Development (MARD) – the government ministry responsible for rural development and the governance, promotion and nurturing of agriculture and the agriculture industry in Vietnam – where they were received by key Ministry officials headed by Deputy Minister Tran Thanh Nam.

Mr. McMullin opened the meeting by thanking the Ministry for receiving members of his delegation and for the strong support of the Vietnamese government – through VCCI – for CACCI and its activities. He also took the opportunity to introduce CACCI and the role it plays in promoting business in the region, the important role the VCCI has played in the Confederation since joining as a Primary Member in 1990, and to convey his invitation for Vietnamese officials and businessmen to participate in the 2023 CACCI Conference to be hosted by the Cambodia Chamber of Commerce in Phnom Penh in end-October. He also expressed his hopes that Vietnam can once again host a CACCI Conference in the near future.

After welcoming the CACCI delegation and thanking them for visiting Vietnam and the Ministry, Deputy Minister Tran shared the following information:

(a) After the pandemic, ensuring food security has become one of the top priorities of the country (which has 28 million hectares of land available for agricultural production), thereby making agriculture as the pillar of the economy and playing an important role in food security.

(b) Due to the Covid pandemic, there has been loss in agricultural production and a change in the consumption pattern;

(c) Among the strategic agricultural products of Vietnam are rice, coffee, cashew nuts, vegetables, lumber, and wooden furniture products;

(d) Livestock, horticulture and crop production are also expected to deal with climate change impact;

(e) There are currently 15,000 enterprises engaged in the agricultural sector

The Deputy Minister expressed interest to send delegation to the CACCI Conference in Cambodia in end-October. He expressed hope that through CACCI, investment in the agricultural sector in Vietnam would increase, and therefore suggested that the CACCI Conference in Cambodia should also address the issue of food security and that efforts to develop a global supply chain in agriculture can be established to ensure food security worldwide.

During the discussion that followed, a number of issues and suggestions were raised by the CACCI delegation, including the following:

(a) Pakistan and Vietnam can cooperate with each other in addressing food security issues. With 63% of its population living in the rural area, Pakistan can import agricultural products to meet the country’s food needs, such as edible oil, cotton, wheat, and sugar. Pakistan can also export fruit and vegetables, and meat. There is therefore potential for small bilateral trade between the two countries in agricultural products.

(b) With Iran importing huge quantity of rice, the country can source some of its rice imports from Vietnam, which is known for the good quality of its rice production. On the other hand, Iran can export to Vietnam products exempted from the US sanction including agricultural products, and agricultural machinery and equipment.

(c) Georgian ports can serve as a transport point for Vietnamese agricultural products to Central Asian countries and to Europe.

(d) 25% of Hong Kong’s rice and coffee imports come from Vietnam. Kowloon Chamber of Commerce can help to bring to Vietnam more potential buyers from Hong Kong;

Deputy Minister Tran further informed the delegation that:

(a) Vietnam will continue to pay attention to the development of sustainable agricultural growth;

(b) The country needs agricultural equipment;

(c) Vietnam will increasingly focus on specialized rice production (high quality and low-carbon);

(d) The Ministry wants to reduce the number of intermediaries in the trading of food products, thereby reducing cost. There is a need to find business partners who can act as bridge between CACCI member countries;

(e) He reiterated his suggestion to have the CACI Conference in Cambodia focus on agricultural issues.

At the end of the discussion, President McMullin and Deputy Minister Tran exchanged tokens of appreciation for the opportunity to share information and views on business opportunities in the agricultural sector between Vietnam and CACCI member countries.

Meeting with Ministry of Planning and Investment

After the meeting with the Ministry of Agriculture and Rural Development, the CACCI delegation moved to the Ministry of Planning and Investment (MPI) for a meeting with the Ministry’s key officials headed by Deputy Minister Tran Quoc Phuong.

Deputy Minister Tran briefly welcomed the delegation and wished them a highly successful and productive visit to Vietnam.

Mr. McMullin thanked the Deputy Minister for welcoming the delegation. He proceeded to introduce CACCI and its activities and highlighted the important role of Vietnam – through the active involvement of VCCI – in supporting the efforts of CACCI to promote the interest of businessmen in the region and enhance business cooperation. He also cited the SET principle that CACCI under his presidency will pursue to further strengthen the importance of the business sector in achieving regional growth and attaining peaceful co-existence among countries in the through pursuing sustainability, entrepreneurship, and trade.

The CACCI delegation thereafter highlighted the following issues from the perspective of their respective countries:

(a) Mr. Khurram pointed out the potential for bilateral investment between Pakistan and Vietnam in agricultural production (with Pakistan as a source of fruits, vegetables, and seafoods), as well as in construction, pharmaceuticals, e-commerce, renewable energy, cosmetics and jewelry. He also pointed out the need to address the visa issuance policies through diplomatic dialogue to allow Pakistani and Vietnamese businessmen to travel easily between the two countries.

(b) Mr. Ernest Yuen from Hong Kong said that Vietnam is not new to the Hong Kong people, especially now that the cost of labor in China is getting higher, many Hong Kong businessmen are planning to move to Vietnam. He added that he will take an active role in inviting Hong Kong businessmen and investors to visit Vietnam to know more about the current economic and investment environment in the country.

(c) Mr. Jemal Inaishvili from Georgia stressed the important role played by Georgia as a transit hub for the Central Asian region. He noted that Vietnam has progressed very well and has become more attractive to foreign investors. He mentioned that Georgia will be hosting the Annual Meeting of the Asian Development Bank (ADB) in 2024, adding that Georgia has benefited from the development financing program of the ADB.

(d) Dr Alireza Yavari from Iran said that the 2009 bilateral investment treaty between Iran and Vietnam entered into force in 2011; however, this has not been fully utilized probably because of the US sanctions. The two countries can explore the possibility of promoting investments in sectors that are exempted from US sanctions such as agriculture, telecommunications and food production.

There are also opportunities for cooperation in engineering projects and construction projects. Dr. Yavari noted that the Vietnamese economy is booming and proposed the idea of conducting a webinar on investment opportunities in Vietnam with the aim of bringing in more investors.

In response to various comments from the CACCI delegation, Deputy Minister Tran said that:

(a) The information shared by the delegation is very useful for Vietnam in its efforts to promote cooperation with other countries in the region.

(b) He appreciates the support that CACCI has been providing VCCI, which in turn has been contributing to the efforts of the Vietnamese government to strengthen economic relations with other countries.

( c) He was grateful for the invitation to attend the CACCI Conference to be held in Cambodia in end-October, and that he would convey the invitation to the Minister.

(d) He supports the proposal of CACCI President McMullin to organize a CACCI Conference in Vietnam in the near future, adding that he considers it an important event since it will provide Vietnam the platform to share information with other CACCI member countries on trade and investment opportunities in the country and promote collaboration among businessmen in the region.

(e) Vietnam has a high-level of openness for foreign investment and that, while trade has reduced in recent years due to lower global demand brought about by the pandemic (resulting in spending cuts, security issues, etc.), Vietnam is determined to expand collaboration with other economies to meet future difficulties.

(f) Vietnam hopes to increase collaboration efforts with foreign enterprise for investment in various sectors such as digital transformation, green economy, digital economy, and renewable energy, pointing out that the country is committed to achieving net-zero carbon emissions and the mobilization of green resources into the country (e.g., investment projects related to green hydrogen.

(g) Vietnam is encouraging investment in environmentally-friendly projects using advanced technology. It is also actively promoting the use of digital technology among enterprises in various industries.

(h) He encouraged the sharing of information on potentials for promoting greater cooperation in various sectors and products such as agriculture, food, textiles, wood furniture, electric vehicles, and high-tech modern products, among others.

(i) He expressed hope that VCCI will work more closely with CACCI in promoting cooperation with other CACCI member countries, adding that the Minister of Planning and Investment would provide support through the implementation of appropriate investment policies and participation in future CACCI activities.

At the end of the productive dialogue, President McMullin and Deputy Minister Tran exchanged tokens of appreciation for giving the two sides the opportunity to share relevant information and perspectives on trade and investment opportunities between Vietnam and CACCI member countries.

Dinner Hosted by CACCI President

On the evening of Day Two of the Vietnam visit, CACCI President hosted dinner for members of the delegation at the Cơm Việt Restaurant.

MAY 23, 2023

Visit to the Kinh Bac City (KBC) Group

The second day began with a morning visit to the headquarters of Kinh BAC City (KBC) Group located in Ban Ninh Province which is some 1.5-hour drive from Hanoi.

Upon arrival at the KBC complex, the visitors were first given a tour of the Que Vo Industrial Park, one of the 36 industrial parks established and managed by the KBC Group around Vietnam. Established in December 2002, Que Vo Industrial Park is the largest and most important industrial park of Bac Ninh Province, encompassing a total area of 611 hectares and has attracted more than 100 domestic and foreign investors.

Following the tour, the delegation proceeded to the KBC Group headquarters where they were welcomed by Chairman Mr. Dang Thanh Tam. After welcoming the visitors, Chairman Dang briefed them on the KBC Group and its activities, highlighting the following:

(a) KBC is considered the leading enterprise in Vietnam in terms of investment, development, construction and business of industrial park and urban infrastructure, with 6,387 ha. of industrial land and 1,263 ha. of residential land. With over 21 years of experience, it has attracted 1,000 FDI projects and US$ 17Billion FDI capital, generated 300,000 jobs, and currently hosts tenants from 30 countries and territories representing 60% of the world-famous brands and main suppliers.

(b) The Industrial Parks account for 20% – 30% of foreign investments attracted to Vietnam annually, have accounted for 5% of new additional jobs created every year in Vietnam; and generated US$19 Billion in exports in 2022

(c) KBC’s core business includes 24 large-scale and modern projects of industrial and residential area in Vietnam, widely distributed in the north, the central and the south of Vietnam.

(d) The KBC Group can assist foreign investors in various aspects, including application for legal entity establishment, strong connection with government agencies, land planning design and construction work, application for land use rights certificate, tax code and company seal, and human resources and recruitment.

( e) The KBC Group plans to establish an Innovation Centre and/or a Research Development Centre within the complex in the near future.

During the Q&A Session that followed the Chairman’s briefing, the following points were raised by the CACCI delegation:

(a) CACCI President Mr. Peter McMullin AM underscored the importance of the business community in economic growth and sustainable development of the country. He mentioned that his family was involved in the business of industrial park development in Australia. He extended his invitation to Chairman Dang to attend the 37th CACCI Conference in Cambodia on October 30-31, and expressed this hopes that Vietnam would once again host a CACCI Conference in the near future and use the occasion to serve as a platform for attracting foreign investors into the country.

(b) Mr. Ernest Yuen assured Chairman Dang that he would personally invite Hong Kong investors to visit Vietnam and the KBC Group.

(c) Mr. Khurram Sayed congratulated the Chairman for the important activities of the KBC Group and for the various awards and citations it has received for its various outstanding achievements in attracting foreign investors into the country.

(d) Mr. Jemal Inaishvili congratulated the Chairman for successfully attracting big multinational companies into the industrial parks, and said Georgia could learn from the experience of Vietnam in establishing and operating industrial parks.

(e) Mr. Michael Lee from Korea cited the importance of improving human resources in any organization and praised KBC for its program in providing education and training to its employees. Training of employees in Vietnam should not be a problem since the country has one of the highest literacy rates in the region.

At the conclusion of the meeting, President McMullin and Chairman Dang exchanged tokens of appreciation for the opportunity to obtain important information on the activities of the KBC Group and how it can help foreign investors from other countries to set up shop in Vietnam.

Lunch hosted by KBC Group Chairman

Chairman Dang, accompanied by some of his key officers, thereafter graciously hosted lunch for the delegation at the San San Restaurant located just outside the Industrial Park.

Meeting at the Australian Embassy in Vietnam

After lunch, the delegation moved to the Australian Embassy in Vietnam for a scheduled meeting with Mr. Mark Tattersall, Australia’s Deputy Head of Mission in Vietnam and his colleagues.

Following Mr. McMullin’s brief introduction of CACCI and its activities, Mr. Tattersall shared the following relevant information to the visiting delegation:

(a) Australia has a strong economic presence in Hanoi. Some 300,000 Vietnamese have studied in Australia over the past years, of which around 80,000 Vietnamese students have come back to Vietnam. There are 3,000 Vietnamese currently studying in Australia.

(b) The year 2023 marks the 50th anniversary of diplomatic relations between Australia and Vietnam, with Australia being one of the first to recognize Vietnam after the Paris Accord.

(c) Australia and Vietnam recently signed an Enhanced Engagement Agreement aimed at further strengthening their bilateral relations.

(d) Australian exports of agricultural products to Vietnam has grown 150% over the past two years.

(e) Australia is considered a pioneering investor in Vietnam. For instance, ANZ Bank is the first Australian bank that set up operations in the country.

(f) As Vietnam moves up the value chain, Australia’s investment has shifted to the services, education, energy and energy transition

(g) Vietnam offers vast business opportunities given its consistently strong economic growth of 7-7.5% economic growth since the country opened up in 1990.

(h) However, there remain some structural barriers. For instance, many enterprises are still state-owned, thereby posing problems in pushing for needed reforms.

(i) Vietnam offers vast potentials for investments in offshore wind and solar energy in which it has shown great track record for growth.

(j) Vietnam offers the advantage of having an integrated investment policy, promoting double dividend of both quantity and quality investments.

(k) Vietnam has good investment potential for Australia in sectors such as food and agricultural products, wine, energy, health care, skilling and higher education, technical and vocational education as well as in activities such as the modernization of the Vietnamese government, establishment of smart cities (transportation and power), and possibly impact investing.

(l) Having a good local partner will work to the advantage of foreign investors, who should therefore consider going into joint ventures. It is also important for investors to conduct due diligence.

(m) There are still some sectors where investments may pose some issues, such as investments in security-related industries where regulations are unclear or not fully supported. For equity investment, Vietnam is still considered a frontier market, given its underdeveloped and unclear regulatory environment. There are also some industries with equity limitation for foreign ownership.

At the conclusion of the meeting, President McMullin and Mr. Tattersall exchanged tokens of appreciation for the opportunity of information sharing on the extent of Australian presence and activities in Vietnam to help improve bilateral relations between the two countries.

Visit to the CTBC Bank Representative Office in Hanoi

From the Australian Embassy, the delegation proceeded to the Representative Office of CTBC Bank in Hanoi, whose office is located just a block away from the Australian Embassy.

Mr. Elton Cheng, CTBC Bank Vice President and Chief Representative in Hanoi, arranged for a brief video presentation on the history and activities of CTBC Financial Holdings and of the CTBC Bank Representative Office in Vietnam, followed by a Q&A session with the members of the delegation and later by a group photo.

Asian ICT Council’s newsletter available

CACCI is pleased to announce that the July 2023 issue of the Asian ICT Council Newsletter is now available to read or download here.

The latest issue includes a report on the successfully concluded webinar on Cross-Border Digital Skilling, and features several articles covering AI, smart industries, and digital transformation. We hope that this edition– and the future ones– may serve as an effective platform for an exchange of information among members of the ICT sectors in the region.

If you wish to contribute articles or other materials that can be published in the next newsletter, you may send them through the CACCI Secretariat’s e-mail address at cacci@cacci.biz

Webinar on Hong Kong Economy After Covid-19 – Register now!

CACCI cordially invite its members and friends to the upcoming Investment Forum “Hong Kong Economy After Covid-19” scheduled to take place on July 14,  2023 at 14:00 SGT.

Jointly organized by Kowloon Chamber of Commerce (KCC) and CACCI (ABA’s parent organization), the 90-minute Forum will feature as Speaker Professor Terence Chong, Ph.D., Associate Head of New Asia College, Executive Director of Lau Chor Tak Institute of Global Economics, Finance Co-Director of Global Economics and Finance Program & Associate Professor of Economics at The Chinese University of Hong Kong.

Professor Chong’s presentation will elaborate on the following topics:

(1) Current economic and financial sector situation in Hong Kong.

(2) Policy measures the territory has adopted to mitigate the impact of the pandemic and to achieve sustainable economic recovery and sustainable growth.

(3) Trade, investment, and business opportunities it currently offers, particularly to investors from other counties in the region.

THE AGENDA

14:00 Opening Remarks by Moderator, Mr. Ernest Yuen, Chairman of the Kowloon Chamber of Commerce and CACCI Vice President.

14:05 Feature Presentation by Professor Terence Chong, Ph.D.

15:00 Q&A Session

15:25 Closing Remarks by Moderator, Mr. Ernest Yuen

15:30 End of the Forum

Please register HERE.

XIX CACCI Health & Education newsletter available

CACCI is pleased to share with you the 19th Volume of CACCI Health & Education Newsletter, it is available to view or download here.

We hope that this publication will serve as an effective platform for an exchange of information among the tourism sector in the CACCI region.  Members are, therefore, encouraged to contribute articles for our future issues.  Kindly forward your materials, preferably with accompanying photos to teresaliu@cacci.biz.

CACCI Profile – June edition available

We are pleased to announce that the June 2023 issue of CACCI Profile is now available. Please click here to read or download.

This month’s issue features updates from President Peter McMullin on his recent trip to Geneva to participate in the 13^th World Chambers Congress, as well as a brief summary on the Presidential Visits he led to Taipei and Hanoi last May. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Japan YEG Officers Visit CACCI Secretariat

Officers and members of The Young Entrepreneurs Group of the Japan Chamber of Commerce and Industry (Japan YEG) visited the CACCI Secretariat headquarters in Taipei on June 28, 2023. Led by Mr. Hiromi Aoki, member of the Executive Committee of Young Entrepreneurs Group of Asia-Pacific (YEGAP) established under the CACCI umbrella, the visiting group was briefed by CACCI Secretariat officers headed by Director-General David Hsu on CACCI and its activities, as well as on the history and background of YEGAP, its current membership, its organizational structure, and its recent and upcoming activities and programs.

They were also each given a YEGAP pin. Following the meeting, the visiting group was hosted lunch by the CACCI Secretariat. Members of Japan YEG was in Taipei to attend the formal inauguration on January 27 of Mr. Richard Lin, also a member of the Executive Committee of YEGAP, as the new Chairman of the Young Entrepreneurs Group of the Third Wednesday Club of Taiwan, a well-established and foremost business organization in the island that aims to expand economic interaction between Taiwan and other countries, particularly Japan and mainland China.

Experts discussed CPTPP Agreement during CACCI webinar

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) organized a webinar on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 28 June 2023.

The 90-minute webinar discussion was moderated by Mr. Lennon Tan, President of the Singapore Manufacturing Federation, with Dr. Roy Chun Lee, Deputy Minister of Foreign Affairs, Republic of China (Taiwan) setting the introductory stage of the experts’ presentation of this difficult international trade agreement. The webinar featured three trade experts: (1) Mr. Noriyuki Mita, Director of Strategy & Planning Division at Basic Materials Business Group, Mitsubishi Chemical Corporation, (2) Dr. Huai-Shing Yen, Associate Research Fellow and Senior Deputy, Executive Director at the Taiwan WTO and RTA Center, Chung Hwa Institution for Economic Research (CIER), and (3) Hon. Professor Andrew Stoeckel, Centre for Applied Macroeconomic Analysis at the Australian National University.

Following their extensive presentation, the presenters engaged in a panel discussion to further elaborate on the issues affecting CPTPP, and concluded with a Q&A session. The summary of the webinar is presented as follows.

SUMMARY

(1) Mr. Lennon Tan, President of the Singapore Manufacturing Federation (Opening Remarks)

Mr. Lennon Tan commenced the webinar by welcoming all participants and setting the stage for the discussions. He emphasized the significance of collaboration among Asian economies to foster sustainable growth and innovation. Mr. Tan highlighted the pivotal role of manufacturing in driving economic development and the need for industries to adapt to evolving global trends.

(2) Dr. Roy Chun Lee, Deputy Minister of Foreign Affairs, Republic of China (Taiwan) (Special Remarks)

Dr. Roy Chun Lee addressed the audience with insights into Taiwan’s foreign policy and economic strategies. He underscored Taiwan’s commitment to strengthening ties with neighboring countries and participating actively in regional trade agreements. Dr. Lee also discussed Taiwan’s initiatives in technology and innovation, aiming to position the nation as a leader in the global digital economy.

(3) Mr. Noriyuki Mita, Director of Strategy & Planning Division at Basic Materials Business Group, Mitsubishi Chemical Corporation (1st Presenter)

Mr. Noriyuki Mita presented on the advancements in sustainable materials and their applications in various industries. Key points from his presentation include:

• Sustainable Innovations: Introduction of eco-friendly materials developed by Mitsubishi Chemical Corporation to reduce environmental impact.
• Industry Applications: Examples of how these sustainable materials are being integrated into automotive and packaging sectors to promote circular economies.
• Future Outlook: Emphasis on continuous research and development to meet the growing demand for sustainable solutions globally.

(4) Dr. Huai-Shing Yen, Associate Research Fellow and Senior Deputy, Executive Director at the Taiwan WTO and RTA Center, Chung Hwa Institution for Economic Research (CIER) (2nd Presenter)

Dr. Huai-Shing Yen provided an analysis of regional trade agreements (RTAs) and their implications for Asian economies. Highlights from her presentation include:

• RTA Trends: Overview of the increasing number of RTAs in Asia and their role in facilitating trade and investment.
• Economic Impacts: Assessment of how RTAs contribute to economic growth, with a focus on tariff reductions and market access.
• Policy Recommendations: Suggestions for policymakers to maximize the benefits of RTAs, including aligning domestic regulations with international standards.

(5) Hon. Professor Andrew Stoeckel, Centre for Applied Macroeconomic Analysis at the Australian National University (3rd Presenter)

Professor Andrew Stoeckel discussed the macroeconomic challenges and opportunities facing the Asia-Pacific region. Key insights from his presentation include:

• Economic Outlook: Analysis of current economic indicators and growth projections for Asia-Pacific countries.
• Policy Challenges: Identification of issues such as income inequality and environmental sustainability that require coordinated policy responses.
• Strategic Opportunities: Exploration of areas where the region can capitalize on global trends, such as digitalization and green energy.

(6) Panel Discussion Summary

The webinar concluded with a panel discussion featuring all six participants. The key themes addressed during the discussion were:

• Regional Cooperation: The necessity for enhanced collaboration among Asian countries to tackle common challenges and leverage collective strengths.
• Innovation and Sustainability: The role of technological innovation in driving sustainable economic growth and addressing environmental concerns.
• Trade and Investment: Strategies to boost intra-regional trade and attract investment, including the harmonization of regulations and improvement of infrastructure.

Webinar on CPTPP June 28 – Register now

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) invites you to the upcoming webinar on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), scheduled to take place on June 28 at 2:00 PM, Taipei Time.

CPTPP is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It evolved from the Trans-Pacific Partnership (TPP), which was never ratified due to the withdrawal of the United States.

The eleven signatories have combined economies representing 13.4 percent of global gross domestic product, at approximately US$13.5 trillion, making CPTPP one of the world’s largest free-trade areas by GDP, along with the United States-Mexico-Canada Agreement, The European single market, and the Regional Comprehensive Economic Partnership (RCEP).

Jointly organized by CACCI and the Japan Chamber of Commerce and Industry (JCCI), the webinar will feature expert speakers from Japan, Taiwan, and Australia who will share their perspectives on the following topics:

(1) Current status of the CPTPP (the signatories, newest members, current applicants, potential applicants, etc.)

(2) Rationale of the Agreement

(3) Benefits expected from the Agreement

(4) What are the challenges, issues, and/or criticisms for the implementation of the Agreement going forward? How may these challenges be overcome?

AGENDA

14:00
Opening Remarks by the Moderator, Mr. Lennon Tan, President of the Singapore Manufacturing Federation

14:05
Special Remarks by Dr. Roy Chun Lee, Deputy Minister of Foreign Affairs, Republic of China (Taiwan)

14:10
1^st Presentation by Mr. Noriyuki Mita, Director of Strategy & Planning Division at Basic Materials Business Group, Mitsubishi Chemical Corporation

14:30
2^nd Presentation by Dr. Huai-Shing Yen, Associate Research Fellow and Senior Deputy, Executive Director at the Taiwan WTO and RTA Center, Chung Hwa Institution for Economic Research (CIER)

14:50
3^rd Presentation by Hon. Professor Andrew Stoeckel, Centre for Applied Macroeconomic Analysis at the Australian National University

15:10
Q&A Session

15:25
Closing Remarks by the Moderator

Registration is FREE. Click HERE.

Webinar on Philippines Foreign Investments a success

The Philippine Chamber of Commerce and Industry (PCCI) and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) jointly organized an Investment Forum on the Philippines on June 20, 2023.

The 90-minute online Forum focused on the theme “Philippines: An Enviable Destination for Foreign Investments”. It featured speakers from both the Philippine government and business sectors who made presentations on the current economic situation in the Philippines and the trade, investment, and business opportunities to foreign investors and companies.

The speakers and their respective topics included the following:

• Dr. Ceferino Rodolfo, Vice Chairman and Managing Head, Board of Investments, Department of Trade and Industry (Doing Business in the Philippines)
• Mr. Perry E. Ferrer, Vice President for Industrial Affairs / Director, Digital Science and Technology, Philippine Chamber of Commerce, and Industry (Information Technology / Innovation)
• Arch, Felino A. Palafox, Jr., Vice President for Trade Affairs and Director for Environment and Natural Resources and Climate Change, PCCI (Infrastructure / Smart City
• Mr. Salvador Salacup, Co-Chair, Agriculture Committee, PCCI (Agriculture
• Ms. Lisa S. Go, Chief, Investment Promotion Office, Department of Energy (Renewable Energy)
• Mr. Tereso O. Panga, Director General, Philippine Economic Zone Authority (Investment Opportunities in Ecozones)

The Forum opened with a Welcome Remarks by Mr. George T. Barcelon, President of PCCI, followed with the Opening Remarks by Mr. Peter McMullin AM, President, CACCI

The Closing Remarks were given by Mr. Jude G. Aguilar, Chairman, International Affairs Department and Co-Chairman, 49th PBC&E Organizing Committee, PCCI.

Only registered participants received the presentations (in PDF format).

The video presentation of the webniar can be viewed below or at the CACCI YouTube Channel.

CACCI President Peter McMullin joins 13th World Chambers Congress in Geneva

CACCI President Peter McMullin attended the 13th World Chambers Congress in Geneva, Switzerland in June 14 and 15, 2023. The Congress had three major themes this year:

(1) Demystifying Multilateralism: How can we come together to maximise both personal and common concern for people and planet?

(2) Innovation by all and for all: How do we support entrepreneurs and innovators to build the inclusive and sustainable businesses for the future?

(3) Future-proof sustainability: How do we truly transition to a just and sustainable economy?

President McMullin AM has the privileged to speak on a ‘Transnational Chamber’ panel discussion. The panel consisted of global chamber networks such as Junior Chambers International (JCI) as well as transnational chambers from Africa and the Middle-East. He remarked that CACCI had much in common and much to add to the global debate around the role of chambers of commerce in the 21st century.

CACCI President Peter McMullin represented CACCI on the Transnational Chamber panel discussion during the 13th World Chambers Congress in Geneva

As part of his role at the Congress, Mr. McMullin was also a judge for the ‘most unconventional chamber project’. A strong field of three remaining chambers reached the final stage of the competition. All three were compelling, with the winner being the Alexandria Chamber of Commerce. Their ‘Solar Chamber’ project tackled the high energy cost for business through building a solar photovoltaic unit with a capacity of 100 kilowatts. This unit is sufficient to cover their entire market’s energy needs and is linked to the grid to sell the surplus energy generated, which increases sustainability and income for the chamber. A great example of sustainability and financial opportunity!

President McMullin (third from left) with VCCI President Adrian Kloeden (second from left) and the CIECA and CNAIC delegates from Taiwan

Perhaps the greatest highlight of the visit to Geneva was meeting with the delegation from our Primary Member organisations from Taiwan – the Chinese International Economic Cooperation Association (CIECA), Taiwan and the Chinese National Association of Industry and Commerce, Taiwan (CNAIC). It was good to spend some time with my CIECA and CNAIC friends after our recent visit to Taipei, and thank them for their warm hospitality.

During the closing ceremony, it was revealed that the Victorian Chamber of Commerce and Industry (VCCI) would be hosting the 2025 World Chambers Congress in my hometown of Melbourne. As former Deputy Lord Mayor of Melbourne and former President of VCCI, I look forward to welcoming you all to Australia.

CACCI Director-General Meets with the Japanese Representatives in Taiwan

Ms. Mayumi Eda, Director for Economic Affairs, and Ms. Yuko Arita, Chief, Trade Inquiry Unit and Director for Economic Affairs at the Japan-Taiwan Exchange Association Taipei Office, received CACCI Director General Mr. David Hsu on June 9, 2023 at their headquarters.

Mr. Hsu, who was accompanied by Ms. Yumiko Ebata, Vice President, Corporate Relations Department, CTBC Bank Co., Ltd, briefed Ms. Eda and Ms. Arita on the programs of CACCI and highlighted the active involvement of the Japan Chamber of Commerce and Industry (JCCI) since the Confederation was established in 1966 with JCCI as one of its Founding members. Among others, Mr. Hsu informed  that JCCI has hosted 10 annual gathering of CACCI and two CACCI Presidential visit, and that four of the past CACCI Presidents were from Japan.

Ms. Eda and Ms. Arita expressed his appreciation for the work of CACCI and its efforts in helping the Japanese business community – through JCCI – reach out into the Asian market.

New Zealand Representative in Taiwan Calls on CACCI Secretariat

Mr. Mark Pearson, Director, New Zealand Commerce and Industry Office in Taipei (center), visited the CACCI Secretariat headquarters on June 6 and met with CACCI Director-General Mr. David Hsu (2nd from left) and other Secretariat officers Deputy Director-General Mr. Amador Honrado (3rd from right), Deputy Director-General Mr. Mig Moreno (leftmost), Senior Officer Ms. Abby Moreno (rightmost), and Senior Officer Ms. Teresa Liu (2nd from right).

The meeting provided the Secretariat the opportunity to give Mr. Pearson a brief introduction on CACCI and the participation of the New Zealand Chamber of Commerce and Industry (NZCCI) and the Wellington Chamber of Commerce (WCC) in CACCI activities over the years, as well as the upcoming activities that CACCI is co-organizing with the two chambers for the rest of the year. Mr. Pearson expressed his strong support for CACCI and offered his assistance in promoting the Confederation’s programs to enhance regional economic cooperation.

CACCI Profile – May edition available

We are pleased to announce that the May 2023 issue of CACCI Profile is now available. Please click here to read or download.

This month’s issue features updates from President Peter McMullin on his recent Presidential Visits to Taiwan and Vietnam, and participation in CoNGO’s RCAP meeting in Bangkok, Thailand. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities.

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

Visit to CTBC Bank Representative in Hanoi

The final stop of the CACCI Presidential Visit to Vietnam was in the afternoon of May 23rd 2023 when the delegation proceeded to the Representative Office of CTBC Bank in Hanoi, whose office is located just a block away from the Australian Embassy.

Mr. Elton Cheng, CTBC Bank Vice President and Chief Representative in Hanoi, arranged for a brief video presentation on the history and activities of CTBC Financial Holdings and of the CTBC Bank Representative Office in Vietnam, followed by a Q&A session with the members of the delegation and later by a group photo.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

Australian Embassy in Vietnam Meets CACCI Delegation

During the afternoon of May 23rd 2023, the CACCI Presidential Delegation moved to the Australian Embassy in Vietnam for a scheduled meeting with Mr. Mark Tattersall, Australia’s Deputy Head of Mission in Vietnam and his colleagues.

Following Mr. McMullin’s brief introduction of CACCI and its activities, Mr. Tattersall shared the following relevant information to the visiting delegation:

(a) Australia has a strong economic presence in Hanoi. Some 300,000 Vietnamese have studied in Australia over the past years, of which around 80,000 Vietnamese students have come back to Vietnam. There are 3,000 Vietnamese currently studying in Australia.

(b) The year 2023 marks the 50th anniversary of diplomatic relations between Australia and Vietnam, with Australia being one of the first to recognize Vietnam after the Paris Accord.

(c) Australia and Vietnam recently signed an Enhanced Engagement Agreement aimed at further strengthening their bilateral relations.

(d) Australian exports of agricultural products to Vietnam has grown 150% over the past two years.

(e) Australia is considered a pioneering investor in Vietnam. For instance, ANZ Bank is the first Australian bank that set up operations in the country.

(f) As Vietnam moves up the value chain, Australia’s investment has shifted to the services, education, energy and energy transition

(g) Vietnam offers vast business opportunities given its consistently strong economic growth of 7-7.5% economic growth since the country opened up in 1990.

(h) However, there remain some structural barriers. For instance, many enterprises are still state-owned, thereby posing problems in pushing for needed reforms.

(i) Vietnam offers vast potentials for investments in offshore wind and solar energy in which it has shown great track record for growth.

(j) Vietnam offers the advantage of having an integrated investment policy, promoting double dividend of both quantity and quality investments.

(k) Vietnam has good investment potential for Australia in sectors such as food and agricultural products, wine, energy, health care, skilling and higher education, technical and vocational education as well as in activities such as the modernization of the Vietnamese government, establishment of smart cities (transportation and power), and possibly impact investing.

(l) Having a good local partner will work to the advantage of foreign investors, who should therefore consider going into joint ventures. It is also important for investors to conduct due diligence.

(m) There are still some sectors where investments may pose some issues, such as investments in security-related industries where regulations are unclear or not fully supported. For equity investment, Vietnam is still considered a frontier market, given its underdeveloped and unclear regulatory environment. There are also some industries with equity limitation for foreign ownership.

At the conclusion of the meeting, President McMullin and Mr. Tattersall exchanged tokens of appreciation for the opportunity of information sharing on the extent of Australian presence and activities in Vietnam to help improve bilateral relations between the two countries.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

CACCI Visits Kinh Bac City (KBC) Group

During the second day of the CACCI Presidential Visit to Vietnam on May 23rd 2021, the delegation began with a morning visit to the headquarters of Kinh BAC City (KBC) Group located in Ban Ninh Province which is some 1.5-hour drive from Hanoi.

Upon arrival at the KBC complex, the visitors were first given a tour of the Que Vo Industrial Park, one of the 36 industrial parks established and managed by the KBC Group around Vietnam. Established in December 2002, Que Vo Industrial Park is the largest and most important industrial park of Bac Ninh Province, encompassing a total area of 611 hectares and has attracted more than 100 domestic and foreign investors.

Following the tour, the delegation proceeded to the KBC Group headquarters where they were welcomed by Chairman Mr. Dang Thanh Tam. After welcoming the visitors, Chairman Dang briefed them on the KBC Group and its activities, highlighting the following:

(a) KBC is considered the leading enterprise in Vietnam in terms of investment, development, construction and business of industrial park and urban infrastructure, with 6,387 ha. of industrial land and 1,263 ha. of residential land. With over 21 years of experience, it has attracted 1,000 FDI projects and US$ 17Billion FDI capital, generated 300,000 jobs, and currently hosts tenants from 30 countries and territories representing 60% of the world-famous brands and main suppliers.

(b) The Industrial Parks account for 20% – 30% of foreign investments attracted to Vietnam annually, have accounted for 5% of new additional jobs created every year in Vietnam; and generated US$19 Billion in exports in 2022

(c) KBC’s core business includes 24 large-scale and modern projects of industrial and residential area in Vietnam, widely distributed in the north, the central and the south of Vietnam.

(d) The KBC Group can assist foreign investors in various aspects, including application for legal entity establishment, strong connection with government agencies, land planning design and construction work, application for land use rights certificate, tax code and company seal, and human resources and recruitment.

( e) The KBC Group plans to establish an Innovation Centre and/or a Research Development Centre within the complex in the near future.

During the Q&A Session that followed the Chairman’s briefing, the following points were raised by the CACCI delegation:

(a) CACCI President Mr. Peter McMullin AM underscored the importance of the business community in economic growth and sustainable development of the country. He mentioned that his family was involved in the business of industrial park development in Australia. He extended his invitation to Chairman Dang to attend the 37th CACCI Conference in Cambodia on October 30-31, and expressed this hopes that Vietnam would once again host a CACCI Conference in the near future and use the occasion to serve as a platform for attracting foreign investors into the country.

(b) Mr. Ernest Yuen assured Chairman Dang that he would personally invite Hong Kong investors to visit Vietnam and the KBC Group.

(c) Mr. Khurram Sayed congratulated the Chairman for the important activities of the KBC Group and for the various awards and citations it has received for its various outstanding achievements in attracting foreign investors into the country.

(d) Mr. Jemal Inaishvili congratulated the Chairman for successfully attracting big multinational companies into the industrial parks, and said Georgia could learn from the experience of Vietnam in establishing and operating industrial parks.

(e) Mr. Michael Lee from Korea cited the importance of improving human resources in any organization and praised KBC for its program in providing education and training to its employees. Training of employees in Vietnam should not be a problem since the country has one of the highest literacy rates in the region.

At the conclusion of the meeting, President McMullin and Chairman Dang exchanged tokens of appreciation for the opportunity to obtain important information on the activities of the KBC Group and how it can help foreign investors from other countries to set up shop in Vietnam.

Lunch hosted by KBC Group Chairman

Chairman Dang, accompanied by some of his key officers, thereafter graciously hosted lunch for the delegation at the San San Restaurant located just outside the Industrial Park.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

Philippines looks on resumption of FTA talks with EU

The Philippines is pursuing the resumption of free trade negotiations with the European Union (EU), Philippine Trade Secretary Alfredo Pascual has announced.

During a meeting, Pascual told members of the EU-ASEAN Business Council (EU-ABC) about his country’s intention to return to the negotiating table over the Philippines-EU Free Trade Agreement (FTA).

Pascual said an FTA with the EU will help the Philippines secure additional duty-free market access and provide a conducive framework for attracting more significant investments from the EU.

He also highlighted the government’s efforts to facilitate international partnerships and collaboration through the recently-ratified Regional Comprehensive Economic Partnership (RCEP) agreement that will encourage foreign direct investment inflows.

“I’d like to reemphasize our growth strategy centered around enhancing trade and investment.

Our objective is to foster job creation and poverty reduction by uplifting the global position of our export sectors and driving investments into strategic areas,” Pascual said.

The EU-ABC, a major voice of European businesses in the Association of Southeast Asian Nations (ASEAN) region, comprises nine European Chambers of Commerce in South-East Asia and major European multinational corporations across multiple sectors such as manufacturing, services, healthcare and logistics.

Xinhua

Meeting with the Ministry of Industry and Trade

On May 22nd 2023, the CACCI Presidential delegation proceeded to the Ministry of Industry and Trade (MOIT) of Vietnam where they were welcomed by key Ministry officers led by Mr. Vu Ba Phu, Director General of the Viet Nam Trade Promotion Agency.

In his Welcome Remarks, Mr. Vu informed the delegation that the MOIT is the government ministry in Vietnam responsible for the advancement, promotion, governance, regulation, management and growth of industry and trade. He said that:

(a) On the one hand, the MOIT provides the policy mechanism for the growth and development of Vietnam’s trade and investment. On the other hand, the MOIT provides public services to enterprises, and trade and industrial organizations.

(b) The MOIT has set up a One Centre for International Trade and Promotion which has working relations with more than 100 organizations, attends to bilateral relations with other countries (cultural, economic, etc.), and deals with importers and exporters through its 150 local offices and three overseas offices.

In response, CACCI President Mr. Peter McMullin:

(a) Thanked the Ministry for receiving the CACCI delegation and for making the necessary arrangements for the visit and its warm hospitality, as well as the government of Vietnam for its support of CACCI and its activities through the strong and active cooperation of VCCI.

(b) Introduced CACCI by mentioning that: it was established in 1966 to provide a platform for networking and cooperation among businessmen in the region; CACCI’s membership currently includes 28 national chambers of commerce and industry from 26 independent economies – including VCCI; CACCI has working relationships with other regional and international organizations such as the International Chamber of Commerce, the Eurochambres, the ASEAN Business Advisory Council, the APEC Business Advisory Council, the Pacific Alliance, the Indian Ocean Regional Association, the B20, the World Trade Organization, the SAARC CCI, and the Asian Development Bank, among others; CACCI has consultative status with the United Nations and a member of the Conference of Non-Government Organizations (CoNGO) under the UN umbrella.

(c) Mentioned that Vietnam – through the VCCI – has always played an active role in the Confederation: Since it joined as a CACCI Primary Member in 1990, VCCI has hosted two annual gatherings – the first one in 1993 in Hanoi, and the second one in 2000 in HCMC, and VCCI has also hosted two CACCI Presidential visits before – in 2011 and in 2018.

(d) Expressed his hopes that Vietnam – through VCCI – will remain actively involved in the Confederation, adding that CACCI certainly needs Vietnam’s representation in the group, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

(e) Pointed out that, considering the geographical scope of its membership, CACCI provides a good platform for the Vietnamese business community to reach out into the regional market, and for the Vietnamese government to promote its trade and investment policies for the region.

(f) Extended an invitation for Vietnamese government officials and businessmen to attend the 37th CACCI Conference to be held on 30-31 October 2023 in Cambodia to be hosted by Cambodia Chamber of Commerce.

(g) Expressed his hopes that Vietnam – through the initiative of VCCI and the support of the Vietnamese government – can host another CACCI Conference in the near future, given that the last Conference was held 23 years ago in 2000 in HCMC.

Following Mr. McMullin’s response, Director-General Vu provided the delegation the following salient macroeconomic information about Vietnam to provide CACCI members some basis for deciding how foreign investors can cooperate with the country:

(a) Vietnam is a typical example of a WTO member in terms of how it benefited from its membership in the organization. Among others, since its admission into the WTO, Vietnam’s GDP grew four times; it is one of the 22 countries with the biggest trade revenue in the world in terms of both volume and value;

(b) FDIs have played a major role in the country’s growth; FDIs account for 70-75% of the country’s total revenue, with Japanese investment expected to continue growing in the next five years;

(c) Vietnam is considered the workshop of the world beside China, especially in electronics and textiles and apparels;

(d) The country enjoys the advantage of having 18 free trade agreements with many countries (CPTPP, IFAP), and has recently concluded FTA negotiations with Israel and the UAE.

(e) Vietnam has a young population, with 65% of its people under 45 years of age;

(f) The country’s infrastructure has continued to be upgraded over the past 10 years;

(g) Vietnam has great connectivity with neighboring countries in the north, and demonstrates great dynamism with neighboring countries in the south; The Mekong Delta River has improved and enhanced connectivity with neighboring countries both in the north and the south;

(h) Agricultural and fishery products are major exports (including forestry, aquaculture, rice, coffee, cashew nuts), and Vietnam is one of the top five exporters in the world in wooden furniture;

(i) The country targets FDIs in processing and in-depth processing products (e.g. vegetables and fruits)

(j) The country’s industrial sector is focused on producing for exports and on developing the foundation industries (e.g., chemicals, mechanical equipment)

(k) Vietnam is among the strongest in the world in textiles (weaving and dyeing using new technology), leatherware, and construction materials;

(l) E-commerce and digital economy is expected to post a 25-27% growth rate annually over the next five years;

(m) Vietnam is ranked top three in Asia in terms of the number of companies using digital application, and is expected to become the hub for AI and digital transformation of the APEC region;

(n) It is considered one of the top counties in terms of Internet and smartphone users

(o) With a population of 100 million, Vietnam has the potential to have a strong retail and service sectors;

(p) Vietnam encourages 100% FDI instead of through joint ventures or through M&A via securities markets;

(q) Vietnam’s Investment and Corporate Law covers both local and foreign companies (and does not discriminate between the two)

At the end of the meeting, President McMullin and Director-General Vu exchanged tokens of appreciation for the opportunity to share information and views on trade and investment opportunities between Vietnam and CACCI member countries.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

Meeting with Officers and Members of the Vietnam Chamber of Commerce and Industry

The first activity for Day One Program of the CACCI Presidential Visit to Vietnam led by Mr. McMullin AM and his delegation was a visit to the headquarters of Vietnam Chamber of Commerce and Industry (VCCI), where they were met by the officers and members of the Chamber led by Chairman and President Mr. Pham Tan Cong.

In his Welcome Remarks, Chairman Pham noted that given the currently difficult economic situation globally, it is important for business organizations such as CACCI and VCCI to explore possible areas of collaboration to help enterprises and their respective constituencies overcome various challenges over time.

In response, Mr. McMullin thanked Chairman Pham for receiving the delegation and for the active role and strong support that VCCI has played in CACCI over the years, including previously hosting two Presidential visits (in 2011 and 2018) and two CACCI Conferences (1993 in Hanoi and 2000 in HCMC).

He also expressed his hopes that VCCI will remain actively involved in the Confederation as CACCI certainly needs Vietnam’s representation in the group, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

Mr. McMullin informed the VCCI Chairman that during his CACCI Presidency, he will work around the SET principle – Sustainability, Entrepreneurship, and Trade – as a basis for collaboration and cooperation among countries in the region to create an environment conducive to the growth of business and ensure stability and peaceful and productive relationship between countries, thereby making businesses merchants of peace.

Chairman Pham said that since Vietnam adopted the market economy in 1990, CACCI has provided VCCI the much-needed support to reach out into the regional and international markets. He said that since then, the Vietnamese economy has been doing very well, averaging an annual economic growth of 8%, one of the highest in the world.

The country hopes to maintain this growth momentum, targeting an average growth rate of 6-7% in order for Vietnam to become a developed country by 2035. He pointed out that VCCI, with its 200,000 enterprise members and 200 business association affiliates, aims to take advantage of the opportunities that will open up in the years ahead, and hopes to secure the support of CACCI in achieving this objective. VCCI also intends to remain a key policy adviser to the government, he added.

Chairman Pham welcomed the proposal of Mr. McMullin to host another CACCI Conference in Vietnam in the near future. He pointed out that despite the current geopolitical and economic challenges and difficulties in the global environment, Vietnam still sees the need for incoming and outgoing investments, particularly in green economy, circular economy, sustainable development, renewable energy, electronics, textiles and garments, ICT, and tourism, among others. To help achieve this objective the VCCI intends to continue its high-level commitment to take an active role in CACCI.

Members of the CACCI delegation raised the following points during the course of the meeting discussions:

(a) Mr. Khurram Sayeed cited the potential for bilateral trade between Vietnam and Pakistan in textiles, IT, fruits and vegetables, and pharmaceutical products.

(b) Mr. Jemal Inaishvili mentioned the important role played by Georgia as a transit point for goods to Central Asia as well as to European countries, and offered his assistance to discuss Vietnam-Georgia bilateral relations with relevant government officials in Georgia as well as in organizing visits of business delegations between the two countries.

(c) Dr. Alireza Yavari from Iran cited the potential for Vietnam-Iran bilateral trade in products exempted from US sanction such as food, medicines, pharmaceutical products, medical equipment, agricultural products, garments and textiles, and agricultural machinery, among others.

(d) Mr. Ernest Yuen from Hong Kong said he will invite members from Kowloon Chamber of Commerce to visit Vietnam to explore first-hand business opportunities offered by the country.

(e) Mr. Atif Iqbal cited the business opportunities in Pakistan’s pharmaceutical sector which is composed of 600 manufacturing companies, adding that Vietnam and Pakistan can collaborate in manufacturing and selling quality medicines at affordable prices.

(f) Ms. Weena Lee from Hong Kong offered her assistance in business legal aspects between Hong Kong and Vietnam, taking into account the fact that international business consulting has shifted its focus on Vietnam and that legal services in Vietnam has taken a more sophisticated legal framework with the aim of protecting investors.

Chairman Pham informed the delegation that he will lead a business delegation to Taiwan during the fourth quarter of 2023 to promote Vietnamese investments between the two countries.

At the end of the meeting, President McMullin and Chairman Pham exchanged tokens of appreciation for the opportunity to share information and views on business opportunities between Vietnam and CACCI member countries.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

Meeting with the Ministry of Agriculture and Rural Development

In the afternoon of May 22nd 2023, the CACCI Presidential delegation made its way to the Ministry of Agriculture and Rural Development (MARD) – the government ministry responsible for rural development and the governance, promotion and nurturing of agriculture and the agriculture industry in Vietnam – where they were received by key Ministry officials headed by Deputy Minister Tran Thanh Nam.

Mr. McMullin opened the meeting by thanking the Ministry for receiving members of his delegation and for the strong support of the Vietnamese government – through VCCI – for CACCI and its activities. He also took the opportunity to introduce CACCI and the role it plays in promoting business in the region, the important role the VCCI has played in the Confederation since joining as a Primary Member in 1990, and to convey his invitation for Vietnamese officials and businessmen to participate in the 2023 CACCI Conference to be hosted by the Cambodia Chamber of Commerce in Phnom Penh in end-October. He also expressed his hopes that Vietnam can once again host a CACCI Conference in the near future.

After welcoming the CACCI delegation and thanking them for visiting Vietnam and the Ministry, Deputy Minister Tran shared the following information:

(a) After the pandemic, ensuring food security has become one of the top priorities of the country (which has 28 million hectares of land available for agricultural production), thereby making agriculture as the pillar of the economy and playing an important role in food security.

(b) Due to the Covid pandemic, there has been loss in agricultural production and a change in the consumption pattern;

(c) Among the strategic agricultural products of Vietnam are rice, coffee, cashew nuts, vegetables, lumber, and wooden furniture products;

(d) Livestock, horticulture and crop production are also expected to deal with climate change impact;

(e) There are currently 15,000 enterprises engaged in the agricultural sector

The Deputy Minister expressed interest to send delegation to the CACCI Conference in Cambodia in end-October. He expressed hope that through CACCI, investment in the agricultural sector in Vietnam would increase, and therefore suggested that the CACCI Conference in Cambodia should also address the issue of food security and that efforts to develop a global supply chain in agriculture can be established to ensure food security worldwide.

During the discussion that followed, a number of issues and suggestions were raised by the CACCI delegation, including the following:

(a) Pakistan and Vietnam can cooperate with each other in addressing food security issues. With 63% of its population living in the rural area, Pakistan can import agricultural products to meet the country’s food needs, such as edible oil, cotton, wheat, and sugar. Pakistan can also export fruit and vegetables, and meat. There is therefore potential for small bilateral trade between the two countries in agricultural products.

(b) With Iran importing huge quantity of rice, the country can source some of its rice imports from Vietnam, which is known for the good quality of its rice production. On the other hand, Iran can export to Vietnam products exempted from the US sanction including agricultural products, and agricultural machinery and equipment.

(c) Georgian ports can serve as a transport point for Vietnamese agricultural products to Central Asian countries and to Europe.

(d) 25% of Hong Kong’s rice and coffee imports come from Vietnam. Kowloon Chamber of Commerce can help to bring to Vietnam more potential buyers from Hong Kong;

Deputy Minister Tran further informed the delegation that:

(a) Vietnam will continue to pay attention to the development of sustainable agricultural growth;

(b) The country needs agricultural equipment;

(c) Vietnam will increasingly focus on specialized rice production (high quality and low-carbon);

(d) The Ministry wants to reduce the number of intermediaries in the trading of food products, thereby reducing cost. There is a need to find business partners who can act as bridge between CACCI member countries;

(e) He reiterated his suggestion to have the CACI Conference in Cambodia focus on agricultural issues.

At the end of the discussion, President McMullin and Deputy Minister Tran exchanged tokens of appreciation for the opportunity to share information and views on business opportunities in the agricultural sector between Vietnam and CACCI member countries.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

Dinner hosted by Pakistan’s Ambassador to Vietnam

On the eve of Day One of the CACCI Presidential Visit to Vietnam on May 21st 2023, the CACCI delegation attended the dinner hosted by Pakistan’s Ambassador to Vietnam H. E. Samina Mehtab held at her residence. The dinner was made possible and facilitated by CACCI Vice President Mr. Khurram Sayeed from Pakistan.

During the dinner, Ambassador Mehtab informed the CACCI guests about some of the projects and programs that the Embassy has been undertaking to help promote trade and investment activities between Pakistan and Vietnam, especially in products and sectors in which Pakistan has a strong potential for growth and further development.

The delegates from other CACCI member counties also conveyed to the Ambassador the industries that they believe can be explored for possible cooperation between Pakistan and their respective countries.

The full report of the CACCI Presidential Visit to Vietnam can be read HERE.

CACCI VP Khurram Tariq Sayeed calls on TAITRA President

CACCI VP Khurram Tariq Sayeed, along with Pakistan Delegates & CACCI DG CACCI David Hsu with TAITRA CEO & President Simon Wang in Taipei

Khurram Tariq Sayeed, Vice President Confederation of Asia Pacific Chambers of Commerce & Industry (CACCI) and Former Vice President of the Federation of Pakistan Chamber of Commerce and Indutry (FPCCI) along with Pakistan Delegates & DG CACCI David Hsu called on Simon Wang, CEO & President of the Taiwan External Trade Development Council (TAITRA), at his office in Taipei on May 19.

The two discussed in detail various initiatives TAITRA has taken over the years to increase bilateral trade between Taiwan and Pakistan. TAITRA and FPCCI have also signed a MOU for cooperation in the past. Mr. Wang said that TAITRA will be sending a delegation of Taiwanese businesspersons to Pakistan shortly and Mr. Sayeed assured him that FPCCI will facilitate and extend all possible cooperation to the delegates. The two sides also discussed the possibility of participation of Pakistani businesspersons in the trade shows being held in Taiwan under TAITRA.

CACCI Elected Member of the Steering Committee of CoNGO’s Regional Committee for Asia-Pacific

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has recently joined as member of the Steering Committee of the Regional Committee for Asia Pacific (RCAP) of the Conference on Non-Government organizations (CoNGO), an international organization of NGOs from around the world with Consultative Status under the United Nations, of which CACCI is a member.

RCAP elected CACCI to the Steering Committee during RCAP’s meeting on May 19, 2023 in Bangkok, Thailand. RCAP recognized CACCI’s very important work in the Asia-Pacific Region and its acknowledged status in civil society and business circles,  and of course its positive responses to RCAP initiatives.

Currently composed on nine members (with CACCI as the latest one to join), the RCAP aims to facilitate Asia-Pacific NGOs’ participation in all UN and CoNGO activities globally and regionally. It will cooperate with UN.ESCAP and other UN bodies and agencies in Asia and the Pacific. It will promote better cooperation among CoNGO members as well as other civil society organizations in Asia-Pacific.

CACCI President speaks at CoNGO panel in Bangkok

CACCI President Mr. Peter McMullin AM was in Bangkok, Thailand on May 19 to 20 to speak on a panel at the Regional Committee in Asia-Pacific (RCAP) meeting organized by the Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO), of which CACCI is an active member.

With the theme “Defining the Present – Shaping the Future”, the meeting also served as the first global commemorative celebration of the 75th anniversary of CoNGO.

President McMullin joined the Open Panel on Business and Labour: For Human Rights and Sustainable Development, during which he focused his address on the need for partnerships (UN SDG 17) if we are to achieve the Sustainable Development Goals (SDGs). There is no doubt that the challenges facing us are daunting in achieving the SDGs by 2030, according to Mr. McMullin.

However, he stressed that we cannot just get caught ‘observing the problem’. Instead, we must continue to work together to maximise peace and prosperity for our region.

President McMullin said he firmly believes that if civil society, government and business work together, we can ensure human rights are upheld while eliminating poverty (SDG 1) and ensuring decent work and economic growth (SDG 8).

In his final remarks he outlined the need to focus our efforts on gender equality (SDG 5) and mentioned that gender diversity offers two great opportunities:

• Businesses led by women in developing economies reinvest 80% of their income in the wellbeing and education of their families.
• Businesses led by women often take into account sustainability and decarbonisation into their business models.

If we are to lift all boats by the rising tide, he stated, we must ensure these opportunities are embraced and acted upon.

Courtesy Call of the CACCI President on ROC President H. E. Tsai Eng-Wen

On the morning of May 18, CACCI President Mr. Peter McMullin made a courtesy call on President Tsai Ing-wen of the Republic of China (ROC), Taiwan.

In her Welcome Remarks for Mr. McMullin, President Tsai said that the nations included in Taiwan’s New Southbound Policy maintain engagement with CACCI and are key external trade partners for Taiwan. She also said that she looks forward to continuing Taiwan’s close cooperation with the Confederation to bolster connectivity among Asia-Pacific nations and make even greater contributions to the region’s economy and development.

An English translation of President Tsai’s remarks follows:

“I would like to begin by congratulating you, President McMullin, on assuming the CACCI presidency last year. Having previously met with a CACCI delegation in 2018, I now extend a very warm welcome to this delegation led by President McMullin. Your visit demonstrates the profound friendship between the confederation and Taiwan.

CACCI is an important platform for economic connectivity and collaboration in our region. As a founding member, Taiwan actively works with Asia-Pacific nations on advancing sustainable development in the region.

The Asia-Pacific region holds a key position in global geopolitics and supply chains. Following the outbreak of the COVID-19 pandemic and Russia’s invasion of Ukraine, and in the face of expanding authoritarianism, resilient and secure cross-border supply chains have become all the more important. Taiwan is committed to democratic values, economic freedom, and openness, and fulfills its responsibilities to the international community. This has made us a trusted partner throughout global supply chains.

At the same time, Taiwan is using its soft power to contribute to regional development. Since 2016, we have promoted the New Southbound Policy, working with partner countries to attain tangible results in such areas as economic cooperation, talent exchange, and regional connectivity. Last year, Taiwan’s trade with New Southbound Policy partner countries reached a new high of US$180.3 billion. That same year, our exports to these nations also achieved a historic peak of US$96.9 billion – up 17 percent from the previous year. During and after the COVID-19 pandemic, Taiwan has continued to deepen exchanges with New Southbound Policy partner countries in such areas as talent cultivation, disaster prevention, and agricultural technology.

The nations included in the New Southbound Policy also engage with CACCI and are key external trade partners for Taiwan. I want to thank CACCI for valuing and supporting Taiwan. We look forward to continuing our close cooperation with the confederation to bolster connectivity among Asia-Pacific nations and make even greater contributions to the region’s economy and development.

I once again welcome you and your delegation to Taiwan. I wish you all a successful trip.”

In response to President Tsai’s Welcome Remarks, President McMullin said that his delegation has been impressed by what they have seen in Taiwan and that the hospitality they have received has been exceptional. He said that the business-like nature of Taiwan is very much a comfort for the delegation members and that they have found it very easy to engage with organizations and government agencies in Taiwan.

President McMullin stated that his presidency, under the framework of CACCI, is based on three principles: Sustainability, Entrepreneurship, and Trade. He added that CACCI is working with regional and global organizations including the G20 and European chambers of commerce. Thanking the Taiwanese government for its support, President McMullin expressed his belief that “through our collaboration, we can achieve a great deal.”

Mr. McMullin also mentioned that for eight years he was the vice president of CACCI and that he visited Taiwan in 2018 with then CACCI President Jemal Inaishvili, who sends his regards to President Tsai, as do all the other members of his delegation. Noting that this is his third visit to Taiwan, President McMullin said that he looks forward to coming back soon.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

The Importers and Exporters Association of Taipei (IEAT) meets CACCI delegates

The Secretary-General Mr. Peter W. J. Huang of The Importers and Exporters Association of Taipei (IEAT) offered an invitation to the CACCI Presidential Delegation to meet with its key officers at their headquarters in Taipei in the afternoon of May 18th 2023. In welcoming the visitors, Mr. Huang said that the IEAT is proud to be an Affiliate Member of CACCI, adding that the Association is celebrating its 75th Anniversary in 2023.

He informed the CACCI delegation that the IEAT is the biggest association of importers and exporters in Taiwan, with its members registering a total import/export value of US$907 Billion. He pointed out that trade is important to Taiwan as it serves as the economic driving force of the island. With members composed of large and small enterprises, including start-up companies, the IEAT employs some 80 staff members to provide various services to its members. Following Mr. Huang’s welcome remarks, a video presentation was shown introducing the various services offered by the Association.

In response, Mr. McMullin cited the presence of many women in the IEAT staff, indicating that the Association is future-focused. He praised the business-like approach of Taiwan in dealing with other countries, and that CACCI, as a regional business organization, is comfortable with that approach. He added that this message from Taiwan – with its focus on resilient growth and sustainable development – resonates around the world. He stressed that the Presidential visits are a key part of CACCI’s program.

Mr. Huang informed the delegation that IEAT is ready to work with each of the chambers represented by the delegation members to promote mutual business opportunities. In response, the following comments were made by the visitors:

1. There is a need to explore possible ways of strengthening the connection between Pakistani businessmen and IEAT in order to establish close liaison and partnerships in sectors such as renewable energy, textiles and textile fibers, petrochemicals, tires, and luxury products, among others.
2. Many CACCI member countries are important sources of supplies for Taiwan, and vice versa, and therefore the possibility of signing MOUs with each other for this purpose as well as a regular sharing of market information (through their respective websites, for instance) should be considered.
3. In the case of Iran, Taiwan can consider promoting trade in non-sanctioned sectors and products (e.g., food industry) in order to help Iranian companies which are engaged in these products and sectors, adding that there is certainly enough room for trade of many products between Taiwan and Iran, as well as collaboration in the education sector.

Mr. McMullin and Mr. Huang exchanged tokens of Appreciation for the opportunity to meet with each other, thereby providing a forum for the CACCI delegation and key officers of IEAT to know each other better and explore possible areas of cooperation.

Dinner hosted by Importers and Exporters Association of Taipei (IEAT)

Mr. Huang and other IEAT officers later hosted dinner for the CACCI delegation at a venue located on the upper floor of the IEAT office. However, Mr. McMullin and his Chief of Staff Mr. Stuart Thomson were unable to join the dinner as they had to leave for the airport to catch up with their flight to Bangkok, Thailand where they were scheduled to attend the May 19 meeting of the Regional Committee for Asia-Pacific of the Conference of NGOs (CoNGO), an association of NGOs with consultative status with the United Nations, of which CACCI is a member.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

Courtesy Call on Commerce Development Research Institute

On Day Two of the CACCI Presidential Delegatin to Taiwan on May 18th, 2023, the CACCI delegation visited the Commerce Development Research Institute (CDRI) where they were received by its key officers headed by Chairman Tain-Tsair Hsu.

After the brief Welcome Remarks of Chairman Hsu expressing his appreciation for the visit by the CACCI delegation, CACCI President Mr. Peter McMullin AM thanked Chairman Hsu for the warm welcome followed by a brief introduction on CACCI, what it does, and the strong support it receives from the Taiwanese government and business sector.

Thereafter, the other CDRI officers in attendance made presentations on the Institute and its various activities. They elaborated on the topics of cross-border e-commerce, application of market data, and how the Institute assists Taiwanese companies in foreign trade by applying value-added technologies, and the participation of CDRI in UN/CEFACT.

The CACCI visitors learned that:

(1) The CDRI was established in December 2007, and positioned as National Level Services Research think-tank. It plays the role as a platform of knowledge exchange for the government, the local industry, the academia, and research institutes; additionally, bringing in powerful resources and connections to provide suggestions to the Government as references for decision making, as well as to offer total solutions to private enterprises.

(2) As its major achievements to date, the Institute has coached 11,387 enterprises; increased enterprise revenue by NT$340.2 Billion, facilitated NT$1,253.4 Billion investment capital injection, created 378 innovative business models, and trained 41,847 service industry workers, thereby enabling industries to upgrade, transform and globalize.

(3) The Institute has also provided support to the Taiwanese governments New Southbound Policy, which target countries from ASEAN region, Australia, New Zealand and India and aim to support Taiwan companies to expand their business to the region.

At the end of the visit, Mr. McMullin and Chairman Hsu exchanged Tokens of Appreciation for the opportunity to learn more about each other’s organizations and to identify possible areas in which they can cooperate with CACCI member countries.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

CIECA Chairman Henry Kao hosts lunch for CACCI delegates

The CACCI Presidential delegation was hosted lunch by Mr. Henry Kao, Chairman of the Chinese International Economic Cooperation Association (CIECA), Taiwan, the second CACCI Primary Member in Taiwan on May 18th 2023..

CIECA was founded by the late Dr. Jeffrey L. S. Koo on August 9, 2000 to promote international economic cooperation through collaboration of R.O.C. businessmen and private business organizations with their counterparts in foreign countries. It is composed of companies in the manufacturing, services and high-tech industries working together to expand Taiwan’s international relations, promote economic and trade cooperation and facilitate technological exchange.

In his Welcome Remarks, Mr. Kao underscored the important role played by CACCI and the business sector in addressing the various challenges in the global market and promoting cooperation among the business communities in the region. He said that CIECA aims to contribute to this effort of achieving regional economic cooperation.

Mr. McMullin conveyed CACCI’s appreciation to Mr. Kao and CIECA for its continued strong support of the activities of the Confederation, as well as for the sustained commitment of Taiwan and the Taiwanese government in supporting the efforts of CACCI to promote the interest of the region’s business community, thereby acting as Merchants of Peace. Mr. McMullin also highlighted the SET principle that he intends to pursue during his CACCI Presidency, namely, Sustainability, Entrepreneurship, and Trade which he said are critical elements for businesses to move forward post-Covid.

The other delegates reiterated the need for more people-to-people contact in order to improve cross-mobility of businessmen and enhance economic relations between countries in the region.

Mr. McMullin and Mr. Kao exchanged Tokens of Appreciation for the opportunity to meet with each other, thereby providing a forum for the CACCI delegation and key officers of CIECA to know each other more and explore possible areas of cooperation.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

Delta Electronics receives CACCI delegates

During the CACCI Presidential Visit to Taiwan in May 2023, CACCI delegates also had the opportunity in the morning of May 18th 2023 to visit the headquarters of Delta Electronics, Inc., a Taiwanese electronics manufacturing company where they were welcomed by its key officers led by Senior Consultant Mr. R. T. Tsai.

The visitors were informed that Delta Electronics was founded in 1971 primarily to serve as a global provider of power and thermal management solutions, and that:

(a) The company focuses on addressing key environmental issues such as global climate change. As an energy-saving solutions provider with core competencies in power electronics and automation, Delta engages in business categories that include Power Electronics, Automation, and Infrastructure.

(b) Delta offers some of the most energy efficient power products in the industry, including switching power supplies with efficiency over 90%, telecom power with up to 98%, and PV inverters with up to 99.2% efficiency.

(c) The company regularly invests over 8% of its annual sales revenues in R&D and has worldwide R&D facilities in China, Europe, Japan, Singapore, Thailand, and the U.S.

(d) The company has approximately 200 facilities worldwide including manufacturing, has an annual turnover of US$13 Billion, and that it has regional market centers in Thailand and the Middle East region.

The delegation was also shown the company’s wide range of products covering the following areas:

(1) Industrial Automation Solutions
(2) Building Automation Solutions
(3) Data Center Solutions
(4) Telecom Energy Solutions
(5) Smart Energy Solutions
(6) Display and Monitoring Solutions
(7) EV Charging Solutions

During the Q&A session, the delegation raised a number of points, including possible market arrangements in Pakistan and Georgia, after-sales service in Pakistan, opportunities in the construction industry in Pakistan, and opportunities in Iranian industries that are not covered by the US sanctions such as food and agriculture, textiles, and energy, among others.

At the end of the visit, Mr. McMullin presented a Testimonial of Appreciation to Mr. Tsai for receiving the CACCI delegation and giving them the opportunity to learn more about the company and its various product lines, and identify possible areas of cooperation with CACCI member countries.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

MiTAC Chairman welcomes CACCI Presidential Delegation

On May 18, 2023, during the second day of the CACCI Presidential Visit to Taiwan, delegates visited MiTAC Information Technology Corporation where they were received by key officers of the company headed by Chairman Dr. Robert Ting.

The visitors were first given an introduction on the company, including its history, its growth and development over the years, its milestones, and the range of its current product lines. Among others, they learned that MiTAC Information Technology Corporation is a professional IT solution provider, providing total solutions from edge to cloud with advanced R&D, TCO and worldwide operations, and with an annual revenue of about US$90 Billion.

They were further informed that the company’s current IT solutions cover Smart Transportation, Smart Enterprise, Smart Security, Smart Government, Smart Education, Smart Manufacturing, and Smart Finance. The visitors were also given the opportunity to experience virtually each of these IT solutions.

The delegation later visited the Innovation and New Product Centre of the company where they learned some of its recent and upcoming products and IT solutions, as well as the projects that they been commissioned to develop and implement in other countries such as the Philippines, Indonesia, and India.

Some members of the delegation expressed interest to consider possible areas of cooperation with MiTAC Information Technology in developing and implementing IT solutions in the various areas of expertise of the company.

At the end of the visit, Mr. Jemal Inaishvili presented a Testimonial of Appreciation to MiTAC Chairman Dr. Ting for receiving the CACCI delegation and giving them the opportunity to learn more about the company and possible areas in which they can cooperate with CACCI member countries in providing IT solutions.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.