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.

Join the CACCI Presidential Visit for Exclusive VIP Access to Expo 2025 Osaka

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is pleased to invite all officers and members to the 2025 CACCI Presidential Visit to Osaka, Japan, scheduled to take place from June 1 to June 4, 2025. Hosted by the Japan Chamber of Commerce and Industry (JCCI), this exclusive trip offers unparalleled opportunities to engage with influential Japanese business leaders, build valuable connections, and experience the cutting-edge innovations at Expo 2025 Osaka, Kansai, one of the world’s most anticipated global events.

Highlights of the Visit

Sunday, June 1

• (Optional) Pre-Welcome Gathering, organized by Mr. Hiromi Aoki, Chairman YEGAP (Venue: TBA)

Monday, June 2

• Morning: Meeting with Osaka Chamber of Commerce and Industry Executives (TBC)
• 12:00 PM: Asian Youth Economic Organizations Exchange Program Organized by the JCCI YEG (Venue: ATC Hall)
• Evening: Networking and Dinner Reception (Venue: ATC Hall)

Tuesday, June 3

• Full-day visit to Expo 2025 Osaka, Kansai, featuring a Kansai YEG Special VIP Tour (Venue: Expo Site, Yumeshima)
• Evening: Dinner hosted by Mr. Hiroshi Oshima, Special Advisor, JCCI and Vice-President of CACCI (Venue: TBA)

Wednesday, June 4

• Delegates’ departure from Osaka

Participation Fees and Details

• June 1 pre-welcome gathering (optional): TBA
• June 2 Asian Youth Economic Organizations Exchange Program (including networking and dinner reception): JPY 15,000
• June 3 Expo 2025 Osaka, Kansai VIP tour: Complimentary, covered by JCCI

Accommodation Recommendations

There are two recommended hotels for this visit, both of which offer easy access to the ATC Hall and the Expo site:

• Grand Prince Hotel Osaka Bay: Website
• Quintessa Hotel Osaka Bay: Website

Convenient transportation is available from Kansai Airport/Osaka Station to the Grand Prince Hotel, which is just a short walk from the Quintessa Hotel.

Registration

Register here by April 30, 2025: https://forms.gle/42zr8k7buYWXM1HY9

Capacity: 40–50 participants

For questions or further assistance, contact:

Abby Moreno – abby.moreno@cacci.biz | +886 975 601 873 (WhatsApp)

Teresa Liu – teresaliu@cacci.biz | +886 972 182 772 (WhatsApp)

Need visa assistance?

Please contact us if you require an invitation letter or any other visa-related support.

We look forward to seeing many of you in Osaka. Don’t miss this opportunity to connect with fellow CACCI leaders and take part in one of 2025’s most exciting international events!

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.

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

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.

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/

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

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 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 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.

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.

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.

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.

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.

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.

CACCI President with Australian Ambassador in Kathmandu

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”.

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.

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.

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.

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.

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 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.

CNAIC hosts CACCI Presidential Delegation

CACCI Presidential Delegation visited 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.

The visit on May 17th 2023 was welcomed by Mr. Wu who 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.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

CACCI Delegates Visit Ministry of Foreign Affairs

Members of the CACCI Presidential Delegation led by its President Peter McMullin AM made a courtesy call on the Ministry of Foreign Affairs (MOFA) during the afternoon of May 17th 2023 in Taipei 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.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

CACCI Delegates Visit National Development Council

In the afternoon of May 17th 2023, the CACCI Presidential Delegation made 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.

 The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

CACCI Delegation Tours CTBC Financial Park

On May 17th 2023, CACCI Presidential Delegation led by its President Peter McMullin AM toured 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 CACCI President and one of the pillars of the Confederation.

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.

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 full report of the CACCI Presidential Visit to Taiwan can be read HERE.

CACCI President makes Courtesy Call on Ministry of Economic Affairs

On May 17th, 2023 CACCI Presidential 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.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.

CACCI President Meets with KADIN Chairman in Jakarta

CACCI President Mr. Peter McMullin AM called on Mr. Arshad Rasjid, Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), during his visit to Jakarta on April 12, 2023 accompanied by his Chief of Staff Mr. Stuart Thomson.

During the visit, Mr. McMullin and Mr. Rasjid exchanged ideas on possible areas where their two organizations can work together for the common benefit of their respective members.

According to Mr. McMullin, the main focus of his CACCI Presidency – namely, Sustainability, Entrepreneurship, and Trade, that is, not only to support business do what business does best, which is to provide jobs and essential products and services, but also to help business prepare for a net-zero and more equitable economy – resonated strongly with the KADIN Chairman.

The CACCI President said that he and Mr. Rasjid, who is also the current Chairman of the ASEAN Business Advisory Council of which CACCI is an Associate Member of its Joint Business Councils, share a common vision of ‘Innovating Towards Greater Inclusivity’.

“We firmly believe that the Asia-Pacific region has the skills and ideas to address our most pressing global issues. We just need to work together to support emerging businesses and entrepreneurs. We have what we need right under our noses!” Mr. McMullin stated.

He added that “Despite regional and global insecurity business and chambers of commerce play a critical role in strengthening multilateralism and peace. Through trade and supporting each other we can contribute strongly to maintaining dialogue, building mutuality and continuing our work in ensuring prosperity for all. “

CACCI President Mr. Peter McMullin AM (2nd from right) poses with KADIN Chairman Mr. Arshad Rasjid (3rd from right), his Chief of Staff Mr. Stuart Thomson (2nd from left) and other officers of KADIN Indonesia.

President McMullin AM meets CIPE Marc Schleifer in New York

March 3rd 20023 started with a meeting with Marc Schleifer, Director of Development and Partnerships at the Centre for International Private Enterprise (CIPE). CACCI President Peter McMullin AM discussed work furthering entrepreneurship and good governance, particularly in places like Papua New Guinea.

Through funding from USAID and Australian Department of Foreign Affairs and Trade CIPE is implementing, along with its partners (including The Difference Incubator), a cutting-edge women’s economic empowerment program in a country in which women face daunting obstacles.

To help create a broader “entrepreneurial ecosystem” CIPE is operating a Women’s Business Resource Centre (WBRC) in Port Moresby, working with PNG universities to create new educational curriculum on entrepreneurship, and supporting PNG women’s business organizations.

CACCI is looking forward to collaboration with CIPE.

President McMullin AM meets United Nations NGOs

On March 3 2023, CACCI President Peter McMullin AM had the great pleasure to meet with Liberato Bautista from the Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO).

CACCI holds a Consultative Status at the United Nations, among 6000 organisations worldwide with a similar status. An important status to connect with likeminded organisations and advocate at the United Nations on behalf of CACCI members for sustainable and equitable growth.

The Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO) was founded in 1948, the year of the Universal Declaration of Human Rights. With consultative status at the UN Economic and Social Council, CoNGOs work relates to the entire United Nations System: the Secretariat, Agencies, Treaty Bodies, Regional Commissions, Institutes, Summits and World Conferences.

President McMullin AM is looking forward to speaking at the forum in Bangkok in May.

CACCI President McMullin joins General Council of World Chamber Federation

CACCI President Peter McMullin AM represented CACCI as a member of the World Chambers Federation General Council meeting in Bogota, Colombia in early March 2023. “Colombia is a a country with a troubled past but an optimistic future” CACCI President McMullin said as he sat alongside delegates from 27 countries that collectively represented hundreds of thousands of businesses, creating millions of jobs. Many of the delegates had their own businesses anchoring them in the reality, not the theory, of business needs. Representatives from North and South America, Africa, Europe and of course Asia.

President McMullin said that as “we celebrated the strengths of multilateralism, that working and trading together we were living out ‘the merchants of peace’ ethos.” The CACCI President always argues that if we sit with each other, know each other and support each other’s interests there would be less of a reason to enter into conflict with each other. Many challenges lay ahead, not least the leadership needed by business to address the impacts of climate change as one worried delegate said to Mr. McMullin; without a planet we will have no business!

CACCI celebrates the diversity and strength of its network, and President McMullin is committed to reach further into places and to people we have not previously engaged with CACCI because CACCI believes that the entrepreneurial spirit is what binds us. That given the right support people can live out their dreams of what is possible.

President McMullin argues that for ourselves, our families and our community. CACCI and the International Chamber of Commerce (ICC) must continue to work closely on initiatives and events that continue to foster the entrepreneurial spirit as well as add practical value to our membership base.

CACCI President McMullin at the WCF Council Meeting in Bogota

On March 1, 2023, CACCI President Peter McMullin AM arrived to Bogota, Colombia, in representation of the Confederation of Asia -Pacific Chambers of Commerce and Industry (CACCI) to join the World Chambers Federation Council Meeting.

President McMullin AM was warmly received by Nicolás Uribe Rueda and hosted by the Cámara de Comercio de Bogotá.

Bogota is a city that is leading the way in what it means to do #goodbusiness. With green spaces, electric buses and renewable energy developments, President McMullin AM was excited to learn more about how business can go hand in hand with social and environmental wellbeing.

CACCI President visits VPN in Singapore

In his active international mission, CACCI President Peter McMullin AM visited Singapore on February 25 2023 to hold a series of meetings. One of CACCI President’s meetings was a courtesy visit to AVPN CEO Naina Subberwal Batra and CFO Mark Sayer.

AVPN is a network of 600+ members across 33 countries that is increasing the flow of financial, human, and intellectual capital from around the world into the social sector in Asia.

CEO Batra and CFO Saver were session speakers during the recent CACCI Annual Conference, Melbourne in November 28-29 2022.

CACCI and The Good Business Foundation look forward to a continued strong working relationship with AVPN.

CACCI President Joins Online Meetings of ICC WCF and Eurochambres

CACCI President Mr. Peter McMullin AM attended the virtual meetings held recently by the Eurochambres and the ICC World Chambers Federation (WCF)

On January 25, Eurochambres held an online launching of its Global Economic Survey 2023 (GES2023). Conducted during November and December 2022, the survey provides a qualitative assessment for the year ahead of global economic developments, trade and other key policy challenges from a business perspective based on responses from participating organizations in counties representing around 70% of the world GDP. CACCI, which is a member of the Eurochambres’ Global Chamber Platform, was one of participants of the survey.

Thereafter, the ICC WCF held an orientation meeting on January 26 for the new members of the WCF General Council, its governing body. During the meeting, which was chaired by ICC WCF Chairman Mr. Nicolas Uribe Rueda, the newly elected Council members listened to a presentation byICC WCF Director  Mr. Julian Kussum om “WCF: What it is, What it Does”. This was followed with a presentation by Chairman Mr. Rueda on “WCF Strategy 2023-2025”. As a Transnational Chamber, CACCI is a Permanent member of the WCF General Council and is currently represented by Mr. McMullin.

In both meetings, Mr. McMullin was accompanied by his Chief of Staff Mr. Stuart Thomson

CACCI President Meets with YEGAP Officers

CACCI President Mr. Peter McMullin AM on February 8 2023 met online with YEGAP Chairman Mr. Mangesh Lal Shrestha from Nepal and YEGAP Vice Chairman Mr. Rommel Gerodias from the Philippines.

Mr. McMullin AM congratulated YEGAP on its recent activities, particularly its strong participation in the 36^th CACCI Conference held in Melbourne, Australia in November 2022. He said that during his Presidency, he would rely on YEGAP for CACCI activities that he hopes would ensure the long-term future of the Confederation. He indicated his intention to engage the young entrepreneurs in CACCI’s efforts to deal with issues and challenges faced by the business community and expressed his hopes that YEGAP members would take the leadership role in this regard.

Both Mr. Mangesh and Mr. Gerodias updated the CACCI President on the activities undertaken by YEGAP in the past year to restructure and revive the group in order to make it an effective venue for identifying suitable programs geared towards entrepreneurial development for young and start-up entrepreneurs. They also explained how they plan to widen the scope of YEGAP membership by also inviting young business leaders from countries other regions outside Asia-Pacific to become members, as well to participate more actively with the activities of other regional and international organizations such as the ICC WCF, the B20, and the ASEAN-BAC, among others.

SET set by CACCI President McMullin

CACCI President Peter McMullin AM

Dear Friends and Colleagues,

It is with great honour and privilege that I provide this update to you all as CACCI President. It is my intention to provide you with regular updates during my time in this important role. I would like to start this update by thanking the CACCI Vice- Presidents for their support during the first months of my tenure.

Having been a CACCI Vice- President for some years prior, I know the collective experience and knowledge the Vice- Presidents bring in furthering CACCI’s aims and objectives. Again, I thank you! Next week I will embark on my first official international trip as CACCI President.

I will be holding key meetings in Singapore and New York on my way to Bogota, Colombia. In Bogota I will be meeting with my fellow World Chambers Federation General Council colleagues for our first meeting for the year. As CACCI’s representative, I believe our members and the Asia-Pacific region are critical on the global stage.

My only hope is that I do CACCI proud. I look forward to updating you in the next edition of the CACCI Profile on my reflections and insights from this important meeting. I also encourage you to connect with me via LinkedIn where I will be providing regular updates during my travels. But before I set off, I thought I would share with you my priorities as I start out representing and working for you, my CACCI friends and colleagues.

Firstly, I recognise that our strength lies in our diversity. Our members stretch from Türkiye all the way to New Zealand. We comprise 25 countries, spanning vast cultural significance and diversity.

CACCI is a proud organisation — having worked since 1966 to ensure prosperity for all within our region. Like many of you, I am realistic about the challenges that confront us. But we are also excited about the opportunity it presents.

The reality is — and we all know this now —the pre-COVID way of doing business is not fit for the post-pandemic world. The business of doing business has changed. We need to help businesses, particularly small and medium sized enterprises, to get SET for the future. In getting SET for the future we need to do three things well:

(1) Sustainability – We need to take this issue seriously. As business leaders, we know that it is what our staff expect, it is what consumers expect, it is what our planet expects. We need to ensure we prepare businesses for the regulatory environment that we will operate through over the next 30 years as we move toward net-zero commitments and economies.

(2) Entrepreneurial spirit – The types of businesses that will exist in 30 years will be completely different from the types of businesses we have today. We need to both support entrepreneurs and widen the scope of what it is to be an entrepreneur. Women, young people, people from marginalised backgrounds, people with disabilities, all need to be supported and included in our target beneficiaries as we look for new business development. Entrepreneurs, therefore, need mentoring, access to capital, access to digital payment methods, and the right incentives to ‘give it a go’ as we say in Australia.

(3) Trade – We need to build on the long and proud history of trade within our region. We need to provide access for SMEs to trade more easily with each other, and to help build more sustainable and inclusive supply chains. There needs to be new thinking in not only movement of goods but also labour as every country faces severe skills shortages. We need to build on the ethos of the ‘merchants of peace’ which sits at the heart of the International Chamber of Commerce, where if we trade in a fair manner with each other there will be little reason for any of us to enter into conflict.

So, in my time as CACCI President, I look forward to listening to the ideas you have in helping businesses get SET for the future. I look forward to building strong and enduring relationships with you. I look forward to representing you and advocating on your behalf in the many forums CACCI is and will be a part of in 2023 and beyond.

Again, I thank you for your support and for all that you do for CACCI.

Yours sincerely,

Peter McMullin AM
CACCI President

New Year’s Message from the President

It is a great pleasure for me, as the newly-elected President of CACCI, to convey my New Year’s greetings to all members of CACCI and readers of the CACCI Profile. I sincerely wish that the incoming year brings you better prospects and prosperity in all your undertakings.

As we leave behind 2022 with its continued difficulties brought about by the lingering impact of Covid-19 pandemic, and enter 2023, I hope that, despite the uncertainties that may still prevail during the incoming year, we will all keep our resolve to serve our respective communities and remain relevant and of value to them.

As I embark on my first year of CACCI Presidency, I am confident that with the unwavering support of all officers and members, CACCI –  given its diverse  talents and resources – will be in a position to adapt to and meet the various challenges we may continue to face in 2023, and to identify the reforms needed to drive our Confederation – and our members –  in our ongoing transformation towards a stronger, more resilient post-COVID business environment.

I wish everyone a productive and bountiful year ahead!

Peter McMullin AM
CACCI President

Peter McMullin AM elected CACCI President for 2023-2024

Mr. Peter McMullin AM has taken over the helm of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), assuming the position from Mr. Samir Modi, who served as CACCI President for four years from 2028 to 2022.

Mr. McMullin was elected as head of the Confederation during the 95th CACCI Council Meeting held on November 29 in Melbourne, Australia in conjunction with the 36th CACCI Conference. He is a former President of the Victorian Chamber of Commerce and Industry (VCCI), and currently sits on the International Chamber of Commerce (ICVC) Board in Australia. He was CACCI Vice President from 2014 until his election as President in November this year.

In his acceptance speech, Mr. McMullin said that “Despite the challenges we have in front of us, there is also great opportunity – the opportunity for chambers of commerce to support their members and the wider business community to truly build back better.”

“As economies emerge from the pandemic, the business community will be critical in ensuring peace, prosperity, prosperity, inclusion, and planetary health. We must make a just transition to a new economy,” Mr. McMullin said. “As a representative body of businesses in both developing and developed countries, CACCI will be at the forefront in an enabling business ecosystem that fosters greater partnership and collaboration,” the newly elected CACCI President pointed out.

Mr. Peter McMullin AM has an extensive legal and business career encompassing prominent toles in both the public and private sectors. Currently, he is Chairman and Director of McMullin Group, which provides strategic direction and financial management across a range of industries, He is also Special Counsel for Cornwall specializing in improving outcomes for the firm and its clients and facilitating meaningful connections between like-minded people in the area of business, politics, philanthropy and the arts within Melbourne and throughout Australia.

As an active philanthropist, Peter seeks to collaborate with other individuals and organizations to maximize the impact of his contributions.

Other representatives of CACCI Primary Members were also elected as CACCI Office-Bearers for the next two years. These included:

As Vice Presidents

• Hiroshi Oshima, President, Sembikiya Fruit Co. (Japan)
• Henry Kao, Chairman, I-Mei Foods Co. Ltd. (Taiwan)
• Ernest Yuen, Chairman, Kowloon CC (Hong Kong)
• Alireza Yavari, Deputy President, Int’l Affairs, ICCIMA (Iran)
• Sheikh Fazle Fahim, Chairman, Euro-Petro Product Ltd. (Bangladesh)
• Khurram Sayeed, CEO/Director M/s. Planet Energy Ltd.(Pakistan)
• Pradeep Kumar Shrestha, Managing Director, Panchakanya Group (Nepal)
• Rifat Hisarciklioglu, Chairman, Eskihisar Group of Companies (Turkey)

                Honorary Treasurer

• Leslie Wong, Permanent VP, Kowloon CC (Hong Kong)

Budget Commission

• Morris Li, Chairman, CTBC Bank (Taiwan)
• Sheikh Sultan Rehman, CEO, SR Twisting, SR Enterprises and Success Route (Pakistan)

CACCI President Modi Speaks at Global Diaspora Business Summit

CACCI President Mr. Samir Modi was invited to be a speaker at the ASEAN Legal Alliance Conference and Global Diaspora Business Summit 2022 jointly organized on 24 November 2022 in Singapore by the ASEAN Legal Alliance and the GA Group headed by Mr. George Abraham, Chairman of the CACCI SME Development Council.

Mr. Modi shared his views and insights on issues surrounding the event theme “Emerging from the Pandemic to a New Normal”, particularly on the role that chambers of commerce and regional business organizations such as CACCI can play in helping their respective members address the challenges before them, and in strengthening their effort to emerge from the pandemic environment to a so-called New Normal.

He stressed the importance of business networking to encourage greater interaction among individual companies and business communities in the Asian region which he said was crucial to enable them to go forward. He therefore urged them 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, he pointed out.

“We all have our own comparative strengths and our economies are highly complementary. Greater openness and deeper cooperation within the region will be crucial for the sustained fast growth of Asian economies. Deeper regional integration under the current circumstances can help us better leverage our comparative strengths,” Mr. Modi concluded.

President Modi Joins Leadership Summit 2022 Organized by IORBF

CACCI President Mr. Samir Modi was invited to be a speaker at the Leadership Summit 2022 organized by the Indian Ocean Rim Business Foundation (IORBF) – under the chairmanship of CACCI Vice President Mr. Sheikh Fazle Fahim – on 20-21 November 2022 in Dhaka, Bangladesh focusing on the theme “Roadmap for Post-Pandemic Progress”.

In his speech, Mr. Modi stressed the need for business organizations to define strategies to adopt to the changing global markets – how to build a more resilient organization; how to gain access to new markets and uncover new investment and business opportunities; how to network with and build strategic alliances with each other; and how to play greater role in the region’s economic growth and development.

To help members address all these challenges while at the same time take advantage of the opportunities they offer, regional business associations such as CACCI and IORA must provide services that will enable their constituencies to expand beyond their territories and reach out into the global market, services that they can integrate into their roadmap for post-pandemic progress. Mr. Modi explained.

President Modi Attends WCF General Council Meeting in Paris 

CACCI President Modi (middle, above photo) participated in the meeting of the ICC World Chambers Federation (ICC WCF) General Council held on November 7 in Paris. It was the second meeting FOR 2022 of the General Council, which is the governing body of the ICC WCF in 2022. One of the activities at the meeting was the formal presentation by the two organizations bidding to host the 14th World Chambers Congress being organized in the ICC WCF in 2025. Mr. Modi is member of the Board of Jury that will select the winning bidder, which is expected to be known before the end of 2022. As a transnational chamber, CACCI is a permanent member of the ICC WCF General Council and is represented this year by Mr. Modi as CACCI President. Above photo shows Mr. Modi posing with CACCI’s key contact persons at ICC WCF (from left to right) Mr. Julian Kassum, Ms. Lea Puteaux, Ms. Stephanie Vieilledent, and Ms. Julie Sonlangduangchanh.

New ‘Bretton Woods’ needed to restore supply chain resilience

Press Release

New ‘Bretton Woods’ type agreement is needed to restore supply chain resilience, lift productivity, ease inflationary pressure, and restore global prosperity

CACCI President Samir Modi

(1) Ambitious global coordinated action is needed now to tackle the world’s problems. This was the call made recently by Mr. Samir Modi, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), for achieving a successful world trading system. CACCI is a regional association of chambers of commerce and business associations from 25 Asia-Pacific countries and independent economies representing over 150 million business enterprises employing perhaps a billion people.

(2) According to Mr. Modi, international trade accounts for over 30 percent of global GDP, yet it is beset with rising barriers to commercial exchange, multiple agendas being pursued, the resort to trade sanctions for political outcomes, and supply chain uncertainty. De-globalization has become a real concern, he noted.

(3) Mr. Modi said that the time has come for a new Bretton Woods type compact to reset the way sovereign nation states can cooperate for mutual benefit. “I use ‘Bretton Woods’ as shorthand for the need for the ambitious reform of the world’s trade and financial system as occurred nearly 80 years ago”, he explained, adding that the multilateral system established back then proved to be the lifeblood of the unprecedented rise in living standards that followed.

(4) Mr. Modi pointed out that since then, the multilateral system, especially the WTO, has been eroded under the weight of mission creep, lack of compliance with international rules (some of which are contradictory), and an inability to deal with new issues in a new digital age. “Without a clear sense of purpose, accurate diagnosis of the problems and recognition of the need for cooperation based on self-interest, we are not likely to make the necessary progress”, he said.

(5) According to Mr. Modi, recognition of these problems is not new. At the G-7 meeting in Cornwall last year, leaders called for the ‘root-and-branch reform’ of the world trading system. But nothing has happened. Instead, the world has become pre-occupied with the fall-out of the Covid-19 pandemic with its widespread supply chain disruption, the geopolitical tensions including the war in Ukraine with the weaponization of trade sanctions resulting in energy and food crises, the resurgence of inflation causing Central Banks to lift interest rates, exacerbating the debt burden amassed during the pandemic. Little wonder the IMF has revised down global economic prospects raising the specter of a global recession. “This piecemeal attention to these real-world problems is a major mistake”, Mr. Modi said, adding that these problems are inter-connected, and each fails to recognize the contribution trade can make to solve these ills.

(6) Mr. Modi stressed that an open, non-discriminatory, rules-based multilateral system would do wonders for the world economy, noting that while plenty of leaders and policymakers will readily mouth these words, rarely do they drill down into what their 2 implementation means and why they are so important. Further elaborating on this point, Mr. Modi explained the following:

(*)‘Open’ means no government-imposed barriers to trade that simply restricts commerce.

(*) ‘Non-discriminatory’ means everyone is treated the same so competition is greatest. Competition is the driver of the adoption of innovation that leads to productivity which is virtually the sole long-term source of prosperity.

(*) ‘Rules-based’ is essential to lower risks of commerce, encourage investment and trade. But rules are worthless without compliance. In a world of sovereign nation-states (and this aspect evades many people), compliance can only occur out of self-interest. So, assessing the national interest from trade is essential for there to be compliance with rules – yet rarely is this done in a proper way.

(*) Finally, ‘multilateral’ stands its best chance when nations unify around a simple goal. Mission creep, all too common in global institutions, where multiple goals are pursued confuses the agenda, and weakens the multilateral commitment to trade. Notice that these ‘other goals’ are not unimportant, it is simply a case of using the right tool for the right job. We are asking the WTO to do things it is not equipped to do.

(7) Mr. Modi referred to a well-researched policy position that it has recently released to achieve an open, non-discriminatory, rules-based multilateral trading system that has 15 recommendations. He said that these recommendations follow from an academic study Rebuilding the World Trading System by Andrew Stoeckel, nominated as one of the ten best economic reads for the summer 2022 by Martin Wolf, Chief Economics Commentator of the Financial Times. Adopting these 15 recommendations would make material progress to a better, more prosperous trading world, Mr. Modi pointed out.

(8) The CACCI President emphasized that reform of the world trading system would improve supply chain resilience, lift productivity easing inflationary pressure, ease debt burdens and increase prosperity, providing the resources to address other social and environmental goals like education and climate change. “That is why root-and-branch reform in a new Bretton Woods style agreement is needed as top priority”, he said, adding that piecemeal tinkering and tweaking current arrangements will not do what is required given the dimension of the world’s problems. “I don’t think negotiators realise the scale of the problems we are up against’, he said. “Partially solving things like fishing subsidies after 20 years of negotiation, important as that is, simply will not cut it for what is required”, he further explained, stressing that bold big picture thinking addressed in a serious way is needed.

(9) “Trade is simply commerce across borders and Chambers of Commerce know what is required to enhance the buying and selling of goods and services, after all, they live and breathe commerce every day. It is time governments listened to those ideas because a better world with higher living standards would be the result,” Mr. Modi concluded.

October 2022

CACCI President Meets with ICT Council Chairman on Proposed Smart Solutions Forum

CACCI President Mr. Samir Modi (rightmost, top row) met virtually with Mr. James Chiao, Chairman of the CACCI ICT Council (leftmost, middle row), and CACCI Secretariat executives on July 27 to exchange views on the proposed webinar series on International Smart Solutions this year. The series aims to establish a communication platform between smart solution providers and international enterprises, provide consulting services, understand the problems faced by enterprises, and solve their problems through the Taiwanese and other member countries’ smart solution platforms.

CACCI President Meets with ICT Council Chairman on Proposed Smart Solutions Forum

CACCI President Mr. Samir Modi (rightmost, top row) meets virtually with Mr. James Chiao, Chairman of the CACCI ICT Council (leftmost, middle row), and CACCI Secretariat executives to exchange views on the proposed webinar series on International Smart Solutions this year.  The series aims to establish a communication platform between smart solution providers and international enterprises, provide consulting services, understand the problems faced by enterprises, and solve their problems through the Taiwanese smart solution platform. The inaugural session I scheduled to held on August 31, 2022.

CACCI President Modi pens letters of support to Sri Lanka members

In light of the recent protests and general political upheaval in Sri Lanka, CACCI President Samir Modi penned letters to the Ceylon Chamber of Commerce (CCC) and the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), expressing CACCI’s sympathy and support for the current situation.

In the letter, Mr. Modi writes: “It is with great concern that we learned of the massive protests that recently took place in Colombo due to the economic upheaval that the country is undergoing, and which has resulted in the current political turmoil. We hope that you, your family members, your Chamber officers and staff, and the operations of your Chamber have not been adversely impacted by these recent developments in your country.”

“On behalf of the officers and members of CACCI, I wish to convey to you and the entire Sri Lankan people our deepest apprehension with what is going on in the country’s economic and political front. We hope and pray and deeply believe that you will be able to overcome this worst crisis that your country has experienced in the past few years, and that Sri Lanka will come out of it an even stronger and more stable nation.”

CACCI President Samir Modi joins B20 Indonesia 2022 Digitalization Task Force

CACCI will once again take an active role in the upcoming B20 Summit 2022, with Indonesia as host.

The B20 Indonesia 2022 Secretariat, which is chaired by KADIN Indonesia, has accepted CACCI to be a member of the Task Force on Digitalization. As member, CACCI – to be represented by President Mr. Samir Modi – will be invited to attend a series of meetings of the Task Force in the next few months to formulate its recommendations on the digitalization transformation process of B20 member countries, to be submitted to the G20 Summit Meeting in Bali, Indonesia scheduled to take place in October.

Statement on Ukraine-Russia Conflict

March 17, 2022

To all CACCI Members, Partners, and Friends

The current Ukraine-Russia conflict has come at a time when the global economies are just gradually coming out of the debilitating impact of the COVID-19 pandemic and the ongoing trade wars between major countries on businesses, particularly SMEs, worldwide and on societies as a whole.

As an association established to promote regional cooperation among the business communities in the region with the view to enhancing the economic growth and development of its individual member countries and of the region in general, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) expresses its deep concern about the adverse economic, social, cultural, and humanitarian consequences of the Ukraine-Russia crisis on its members and their respective constituencies.

We therefore join the call of many international, regional, and national business organizations – including our colleagues from Ukraine and Russia – for governments and leaders concerned to continue on their concerted efforts to bring the situation under control through peaceful and sincere dialogue and negotiations, so that the adverse ramifications on global trade and investments – as well as the social and humanitarian crises that the conflict has brought about – will be short-term and can be mitigated and contained without causing any serious or lasting damage on any individual country or a particular social sector.

Sincerely yours,

Samir Modi
President

New Year’s Message from the President

The year just passed continued to see many businesses –especially the SMEs in developing countries – impacted by the unabated challenges and lingering

extraordinary circumstances brought by the Covid-19 pandemic. As we enter the New Year, and with the virus still seen as a threat, it is important for us to remain as determined as ever to set in place measures and strategies that will help us respond to the health crisis while rebuilding for the future. Indeed, a strong business sector is needed for a sustainable recovery.

I believe that chambers of commerce and regional business organizations such as CACCI will have a role to play in helping their respective members address the challenges before us. Today, more than ever, the importance of business networking to encourage greater interaction among individual companies and business communities in the Asian region will be crucial to enable us to go forward.

With 2022 referred to as the Year of the Tiger under the Chinese calendar, let us all make an effort to imbibe the enviable character of the fierce animal. Tigers are known to be vigorous and ambitious, daring, and courageous, and while they – like many other animals – occasionally meet failures, they actually never truly fail. Tigers will always find a way to stand back up and succeed in the end.

I wish you all a more successful, productive, and re-energized year ahead, and look forward to your continued strong support of CACCI and its activities!

SAMIR MODI
President
CACCI Planning

President Modi Meets with CACCI VPs on Promoting the CACCI Study on “Rebuilding the World Trading System”

CACCI President Mr. Samir Modi on December 16, 2021 met with CACI Vice Presidents or their respective representatives to discuss the next steps to promote the CACCI Study on “Rebuilding the World Trading System.”  Among others, each of the CACCI Vice Presidents agreed to help promote the CACCI study to CACCI Primary Members assigned to them and request them to disseminate the study to their local business community, relevant organizations, and government officials (particularly trade ministers), and secure their support for the recommendations contained in the study.

The CACCI Vice Presidents were also requested to send a list of other non-member chambers from Asia-Pacific and from outside the region, along with a list of other regional and international organizations, that they may wish to approach and ask for assistance in promoting the CACCI study.

CACCI President speaks at PCCI’s National Chamber Management Forum

CACCI President Mr. Samir Modi delivered a speech on “Best Practices in Chamber Management” at the National Chamber Management Forum on November 16. The event was organized by the Philippine Chamber of Commerce and Industry (PCCI) and conducted via Zoom.

While he is not a Chamber person, Mr. Modi’s associations with National and International Chambers of Commerce, especially FICCI & CACCI, have provided insight and understanding on how they function and work.

He began by mentioning the important driving element of any chamber, its “strategies for membership recruitment and retention”, adding that most national chambers target members based on 3 crucial segments:

(1) Leaders in Core sectors: The initial starting point for membership recruitment strategy of a national chamber usually involves identifying the core sectors of any economy which contribute to the growth and development and target top 50 companies in those sectors for membership. This would ensure representation of leading players in each sector in the committees and councils of chamber and drive other small players to take membership.

(2) SMEs and MSMEs: Other than large players and companies, a special focus on membership of SMEs and MSMEs of any country is always critical in membership recruitment as they are the backbone of any economy and form a significant part of industry in any sector. The strategy for SMEs and MSMEs always varies immensely for that of larger companies which can include lower membership fee.

(3) New Age sectors: It is important to evolve membership strategy every now and then by engaging with new age sectors such as fintech, e-commerce and start up and innovation. Chambers always strive to expand membership base by getting companies from such new age sectors on board as they are on the lookout for platforms to provide them visibility and voice, which otherwise is challenging for such new sector companies.

Regarding membership retention, leading chambers ensure membership retention by providing a gambit of services for regular engagement and exposure through several key strategies.

Mr. Modi stressed that it is also important to ensure that members get incremental benefits with each passing year in terms of benefits and services. Retention of key members will happen if their leaderships find these platforms and services fruitful and help them in building pillars of retention.

With Chamber Operation and Services, the overall objectives of any operation or services provided by a national chamber is to represent the interest of the industry; to be the thought leader for the industry; and to enhance the efficiency and global competitiveness of the industry and expand business opportunities both in domestic and foreign markets. Some key activities that are undertaken to meet and achieve these objectives include:

• Organizing regular National Executive committee meetings for primary members to engage and share issues and concerns for which they need Chamber support
• Business matchmaking services
• Networking Sessions for CEOs in different regions
• Services through others allied bodies
• Visa Recommendation Letters for Business Meetings

Other important services include providing networking opportunities to interact with other members and institutions and meet global business and political leaders through seminars, training programmes, conferences, and meetings.

Information dissemination also forms a key deliverable for a national chamber which includes news round-ups, calendar of events, press releases, policy announcements, newsletters, business surveys, forecasts, and reports.

As well, undertaking Policy Work is important, and may include participation in National Policy Committees and task forces; expert advice on government legislations and regulations, and representations to Union and Provincial or State governments and other institutions, to name a few.

Concluding his speech, Mr. Modi said that most chambers in India have multiple models for financing but that the core of any chamber financing is driven by membership. Annual memberships of key corporates in the country are a pivotal part of Chamber financing, though, many Chambers have successfully tried other modes of revenues as well.

35th CACCI Conference “Sustainable and Resilient Growth Though a Robust World Trade”

CACCI wishes to invite its members and friends to join this year’s  35^th CACCI Conference to be held virtually on November 2, 2021 at 2:00 PM, Taipei time.

Co-organized by our Primary Members from Taiwan, namely, the Chinese International Economic Cooperation Association (CIECA) and the Chinese National Association of Industry and Commerce (CNAIC), this year’s online annual gathering carries the theme “Sustainable and Resilient Growth Through a Robust World Trade.”

Below is the latest Conference Program for your perusal.

We encourage you to participate in this year’s 35^th CACCI Conference. Your presence will provide you the opportunity to virtually meet with international and regional experts who will share their views on how to address the challenges and grasp the opportunities presented by the ongoing transformation in the regional and global trade and investment environment.

To join the conference, please register HERE.

You will then receive a confirmation of your registration and instructions on how to join the meeting.

The 35th CACCI Conference Program

 November 2, 2021, 14:00 – 16:30, Taipei Time

(As of October 15, 2021)

14:00-14:05 – Introductory Remarks by the Moderator Mr. Peter McMullin, CACCI Vice President

14:05-14:15 – Welcome Remarks by CACCI President Mr. Samir Modi

14:15-14:35 – Special Presentation on “Lessons Learned from the Covid-19 Pandemic” by Dr. Chen Chien-Jen, Former Vice President of the Republic of China (Taiwan); Academician of Academia Sinica (Taiwan); and Academician of the Pontifical Academy of Sciences (Vatican); to share his perspectives on the effectiveness of the measures and other mitigation responses of many countries and what factors may have contributed to the success – or have hampered – their implementation.

14:35-14:55 Session on “Achieving Sustainable Growth Amidst Challenges and Disruptions in a Changing Global Environment,” focusing on the challenges and disruptions brought about by the pandemic on countries in the region, and their efforts to find innovative solutions to adapt in the so-called new normal that has emerged from the health crisis, and what businesses should do as part of their post-pandemic strategies to assure future growth and competitiveness

Invited Speaker: Ms. Priyanka Kishore, Head India and South East Asia Macro Services, Oxford Economics

14:55 –15:15 Session on the Digital Currency and how it is revolutionizing the global  trading system and reshaping the way business is done, and how in general it could fundamentally change the way people use money.

Invited Speaker: Dr. Oriol Caudevilla, FinTech Advisor and Management and Strategy Consultant

15:15 –15:30 Q&A Session

15:30-15:50 – Presentation by Dr. Andrew Stoeckel, Honorary Professor, Centre for  Applied Macroeconomic Analysis, Australian National University on the results of the CACCI study on “Achieving a Successful World Trading System”, which aims to examine the operations of the World Trade Organization (WTO) and to stress the need for the business community to recommend what reforms are necessary in the WTO and how to achieve them.

15:50-16:10 Special Presentation by Ms. Angela Paolini Ellard, Deputy Director General of the World Trade Organization (WTO) on “Making the WTO More Adaptable to the Economic and Trade Realities of Today.”  Ms. Ellard will share her views on how WTO members can work together to address the economic and health consequences brought about by the COVID-19 pandemic, what policy responses re needed to get the global economy going again, what challenges are currently faced by the WTO, and what should be done to make the WTO stronger, more agile, and more adaptable to the economic and trade realities  of today.

16:10-16:25 Q&A Session

16:25 – 16:30 Closing Remarks by the Moderator Mr. Peter McMullin

YEGAP Executive Committee meets CACCI President Samir Modi, YEGAP Founder Anna Periquet

Members of the YEGAP Executive Committee met virtually with CACCI President Mr. Samir Modi and YEGAP Founder and Former Chairperson Ms. Anna Marie Periquet on October 18, 2021.

The meeting aimed to provide the YEGAP Executive Committee to brief Mr. Modi and Ms. Periquet on its efforts over the past six months to restructure YEGAP with the aim of making it a stronger, stable, and sustainable in the years ahead and make the Group in a position to pursue its objective of promoting entrepreneurship in Asia-Pacific countries.

YEGAP Chairman Mr. Mangesh Lal Shrestha in his Opening Remarks expressed his hopes that, through the meeting, he would hear from Ms. Periquet what her aspirations were when YEGAP was first formed in 2004, and to listen from Mr. Modi on what his vision is for YEGAP and the role it can play in helping CACCI achieve its objectives.

He proceeded to introduce the members of the YEGAP Executive Committee, mentioning first the six Vice Chairmen, with each one representing one of the major geographical regions covered by the CACCI membership (e.g., East Asia, Southeast Asia, South Asia, Central Asia, West Asia, and Oceania). He also noted that 14 of the 25 CACCI member countries are represented among the 23 current total members the Committee.

https://youtu.be/2WO5loKI3H8

Mr. Mangesh informed Mr. Modi and Ms. Periquet that the YEGAP Executive Committee met five times over the past six months to discuss the restructuring of YEGAP and then presented the new vision mission, core values, 2021-2023 theme and tagline approved by the Executive Committee members, as well as the six committees and their respective chairs.

YEGAP Founder and Former Chairperson Ms. Periquet said that she first broached the idea of forming a Young Entrepreneurs Group in 2004 to then CACCI President Mr. K. K. Modi, the late father of Mr. Samir Modi, during a CACCI meeting in Malaysia.

She explained that she was always the youngest delegate in all the CACCI meetings that she attended before (along with her father the late Dr. Aurelio Periquet, one of the founders of CACCI). Hence, as an entrepreneur herself then, she thought of setting up a group of young entrepreneurs from CACCI member countries and bring them together during CACCI gatherings. To her surprise, Mr. Modi endorsed her proposal.

Thus, the Committee on Youth Entrepreneurship – as YEGAP was called originally – was formally set up later in 2004 during the CACCI Council Meeting in Phnom Penh, Cambodia, and its inaugural breakout session was held in February 2005 during the CACCI Council Meeting in New Delhi, India.

After having chaired YEGAP for many years, Ms. Periquet said she then considered resigning from the chairmanship of the Group to give way to the younger business leaders who were active in CACCI.

She met Mangesh Lal Shrestha during the CACCI meeting in Kathmandu and saw his potential, and is therefore very happy that he took the initiative of restructuring YEGAP to make it an even stronger organization. She said that with Mangesh as Chairman and with the new members of the YEGAP Executive Committee, she is confident that YEGAP is in good hands and is definitely on the right track to successfully achieve its objective of promoting entrepreneurship in the region.

CACCI President Mr. Samir Modi thanked the Officers and Members of the YEGAP Executive Committee for convening the meeting and giving him and Ms. Periquet the opportunity to meet each one of them and to be updated on what the Committee has done to restructure YEGAP and to be briefed on what its plans to do in the next year or so.

Mr. Modi said he looked forward to working closely with the YEGAP Executive Committee to further the success of CACCI and the business community of the region as a whole, especially the budding young entrepreneurs who have bright business ideas that need to be nurtured, cultivated, fostered and developed. He expressed confidence that – with their continued support and cooperation – CACCI will be able to accomplish a lot over the years ahead, and that CACCI will be relying on YEGAP and its officers in promoting a proenterprise spirit among CACCI’s younger members whom the Executive Committee members ably represent.

Successful CACCI Business and Investment Summit held June 4 2021

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), in cooperation with the Chinese International Economic Cooperation Association (CIECA), Taiwan, the Chinese National Association of Industry and Commerce, Taiwan (CNAIC), and the Importers & Exporters Association of Taipei (IEAT), jointly conducted the first virtual CACCI Business and Investment Summit on June 4, 2021 which was attended by some 130 delegates from 24 countries.

With the COVID-19 pandemic triggering economic and social shocks globally, sparing no nation from its devastating multi-dimensional impacts, CACCI held the Summit aiming to explore business and investment opportunities in the region, which is also part of a series of activities in 2021 in celebration of CACCI’s 55th Anniversary since its founding in May 1966.

CACCI member chambers in Bangladesh, Taiwan and Vietnam were requested to invite: (a) relevant government agencies to make presentations on the business outlook and investment opportunities in their respective countries, and (b) foreign investors in their respective countries to make testimonials on their experience and operations in the country.

The two-hour virtual Summit was kicked off by the Welcome Remarks by CACCI President Mr. Samir Modi.  In his Remarks, Mr. Modi expressed his appreciation to participants who joined the first virtual Business Summit organized by CACCI, stressing the importance of CACCI as an apex regional business organization and platform where businesses can network and explore possible areas of cooperation, and in so doing, increasing business interaction and promoting regional economic growth.

Mr. Modi also indicated that this Summit is only one of several activities CACCI has planned for 2021 to celebrate the milestone of its 55th founding Anniversary. And depending on the outcome of the event, more Business and Investment Summits may be organized in the future to showcase other CACCI member countries.

Moderated by Ms. Kristy Hsu, Director, Taiwan ASEAN Studies Center Chung-Hua Institution for Economic Research, Taiwan, the virtual Summit featured the following speakers from the three countries, respectively: Bangladesh – Mr. Mohammad Hasan Arif, (Joint Secretary), General Manager (Administration & Finance), Bangladesh Economic Zones Authority (BEZA); Mr. Shekar N. Rajashekaran, Managing Director and Sub-Cluster Head, Bangladesh and Sri Lanka, Citibank; Taiwan – Mr. William Tang, Director, InvesTaiwan; Mr. Brett D. Aaron, CEO, BABI International Corp.; Vietnam – Ms. Hoang Thanh Tam, Head of the Investment, Promotion Division, Foreign Investment Agency, Ministry of Planning and Investment of Vietnam; Mr. Brian Chen, Partner of KPMG/Director of The Council of Taiwanese Chamber of Commerce in Vietnam.

Invited speakers were requested to share their insights on the latest economic trends and investment policies in Bangladesh, Taiwan and Vietnam, as well as the business potentials and advantages that each country has to offer for foreign investors.  Their presentations all indicate that, despite being impacted by the ongoing COVID-19 pandemic, their respective economies show positive outlook as they begin to regain their footing and show signs of recovery.

This encouraging prospect is attested to by recent economic forecasts released by the Asian development Bank, the World Bank, the International Monetary Fund (IMF), and the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). “Given such an optimistic outlook, now is the time to invest in the region,” CACCI President Mr. Modi concluded in his Welcome Remarks.

The recording of the webinar is available at the CACCI Youtube channel HERE.

The 4 presentations can be downloaded HERE.

CACCI President hosts lunch for Taiwanese Representative in India

CACCI President Mr. Samir Modi (3rd from left) hosted lunch on March 8, 2021 for key officers of the Taipei Economic and Cultural Center (TECC) in India led by Ambassador Baushuan Ger (4th from left) and of the Federation of Indian Chambers of Commerce and Industry (FICCI).

The lunch served as an occasion for Mr. Modi and the FICCI officers to formally welcome Ambassador Ger to India, and to discuss possible areas of cooperation between their respective organizations.

The photo also shows (from left to right): Mr. Gajendra Badgujar, Additional Director & Head, East Asia and CACCI, FICCI; Ms. Aneesha Duggal, Special Assistant to the CACCI President; Mr. Manish Sharma, Co-Chair, FICCI India-Taiwan Business Cooperation Committee and Chair, FICCI Electronics and White Goods Manufacturing Committee and President & CEO, Panasonic India; Mr. Manish Singhal, Secretary-General, FICCI; Mr. Jason Hsu, Director, TECC; and Mr. Alex, Economic Section, TECC.

Steering Committee for CACCI Study on “Resurrecting the World Trading System” holds 1st virtual meeting

The Steering Committee for the newly commissioned study by CACCI on “Resurrecting the World Trading System” held its first virtual meeting on February 2, 2021.

Committee members include CACCI President Mr. Samir Modi; Chairman of the Advisory Board and CACCI President Emeritus Mr. Ken Court; CACCI Advisory Board Members Amb. Benedicto Yujuico from the Philippine Chamber of Commerce and Industry, and Mr. Jemal Inaishvili from Georgian CCI; CACCI Vice Presidents Mr. Peter McMullin of ICC Australia, Mr. Rifat Hisarciklioglu of TOBB, Mr. Sheikh F Fahim of FBCCI, Dr. Pedram Soltani of ICCIMA, and Mr. Teruo Asada of JCCI; Chairman of the CACCI Working Group on Policy Advocacy Mr. Bryan Clark from Australian CCI; and CACCI Director-General Mr. Ernest Lin.

During the meeting, members were briefed by Mr. Court on the background and purpose of the proposed study project, which is not only timely given that CACCI member countries are now facing a new world order, but will also ensure that CACCI is seen as a serious policy advocate for the business sector in its efforts to address the currently complicated trade and investment issues.

Mr. Clark then clarified the role of the Steering Committee, which is to ensure that the study is conducted in an orderly way and that the agreed timelines and expectations are met. Among others, the Committee would assist CACCI in such tasks as:

1. developing an appropriate policy response to advocate in ways that will achieve satisfactory reforms of the WTO based on the report recommendations
2. identifying appropriate supporters within the business and political landscape who can become partners and ambassadors for the project and its outcomes
3. engaging the home nations of CACCI members to garner national support for the report recommendation and policy position of CACCI.

To ensure all things remain on track for the duration of the project, the Steering Committee has agreed to meet once a month, with the next meeting scheduled for March 2.

CACCI President Joins Virtual WCF General Council Meeting

CACCI President Mr. Samir Modi represented the Confederation in the meeting of the WCF General Council Meeting held virtually on October 1, 2020.

The online meeting was presided by WCF Chair Mr. Hamad Buamin. Among the items discussed at the meeting included: (a) ICC’s Global Actions to Support the Economic Recovery and the Role of Chambers; (b) Sharing of outstanding initiatives and experiences of chambers leading the COVID-19 response; (c) ICC Centers for Entrepreneurship; (d) ICC/WCF Regional Network Meetings; (e) Oslo Business for Peace Awardees; and (f)

Preparations for the 13th World Chambers Congress scheduled to take place in Dubai on November 23-25, 2021.

The WCF is a specialized division of the International Chamber of Commerce (ICC) for its chamber of commerce members worldwide. The WCF serves as a forum where chamber leaders and senior executives can communicate with each other and collaborate on matters of mutual interest, whether solving problems or realizing opportunities.

CACCI’s participation in the activities of the WCF gives it the opportunity to network with local, regional, national, bilateral and transnational chambers, public and private law chambers, from all parts of the world. As a transnational chamber, CACCI is designated a permanent member of the General Council, the governing body of the WCF.

CACCI President Samir Modi featured as Global Indian of the Year 2019-2020

The officers and members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) wish  congratulate CACCI President Mr. Samir Modi  on being featured as Global Indian of the Year 2019-2020 by Asia One Magazine and URS Media in recognition of your special work in the industry and society.

This is indeed a great honor for Mr. Modi and one which he rightly deserves. His highly innovative ideas, excellent business acumen, and extraordinary contribution to the Indian society have certainly made an indelible mark in the community he serves.

CACCI President donates to Foundation

The CACCI Foundation received a financial boost with the additional donations received recently from CACCI President Mr. Samir Modi and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Mr. Modi donated US$10,000 to the CACCI Foundation.

This was on top of his earlier contribution of US$5,000 made in 2017. On the other hand, the FBCCI, under the leadership of President Mr. Sheikh F Fahim, gave US$1,000 to the Foundation. The additional funds from Mr. Modi and FBCCI will go a long way in helping the CACCI Foundation to implement projects aimed at promoting entrepreneurship and the growth of SMEs in the region.

The ultimate objective is to assist CACCI member chambers in making SMEs become sustained contributors to the economic development of their respective countries. SMEs need financial assistance especially at this time when many of them are struggling to survive amid the challenges and uncertainties brought about by the ongoing Covid-19 pandemic. CACCI takes this opportunity to thank President Modi and FBCCI for their generous donations, and for their continued commitment to the Confederation in helping promote the interest of CACCI members.

Samir Modi, FICCI and CACCI prepare the Virtual 34th CACCI Conference of October 30, 2020

CACCI President Mr. Samir Modi and officers of the Federation of Indian Chambers of Commerce and Industry (FICCI) met with executives of the CACCI Secretariat to discuss preparations for the virtual 34th CACCI Conference scheduled to take place on October 30, 2020. This was the fifth time that such a preparatory online meeting was held following the first three conducted on July 29, August 6, August 19, and September 7.

Speakers Invitations

During the discussion, Mr. Gajendra Badgujar of FICCI reported that FICCI President Dr. Sangita Reddy will deliver 5-minute Welcome Remarks on behalf of the Host Chamber. Dr. Reddy’s remarks will be followed by the Welcome Opening Statement by CACCI President Mr. Samir Modi.

FICCI Secretary General Mr. Dilip Chenoy has agreed to be the webinar moderator. However, if someone from the media sector is available to take up the role of moderator, Mr. Chenoy will give way, since having a media person serving as moderator will give more media coverage to the Conference.

Mr. Amador Honrado from the CACCI Secretariat reported that we are in communication with Mr. Richard Koo from Nomura Securities, one of the main speakers, to secure his presentation.

Revised Conference Program

Mr. Samir Modi, CACCI president, suggested that the time allocation for the Conference be extended to 1 hour 45 minutes (from the earlier agreed 1 hour and 30 minutes) to allow adequate time for each of the three invited speakers to make their presentation in 20 minutes, with enough leeway for the panel discussion and the Q & A session.

With this agreed change, the Secretariat said that the Conference program would be amended accordingly, with the names of the FICCI President and the FICCI Secretary General added as well, and the revised version sent to Mr. Modi and FICCI for their reference.

Promotional flyer

Mr. Vrinda Seksaria from FICCI presented four optional designs of the promotional flyer for consideration by Mr. Modi and other meeting participants. One of the designs was unanimously chosen as the most appropriate one. FICCI added that additional relevant information can be inserted to the selected flyer design, such as the names of additional speakers (if any) as well as logos and details of sponsors once sponsorships come on board, among others.

FICCI also agreed to send the selected promotional flyer to CACCI Secretariat for comments, if any. Once finalized, it will be sent to all CACCI members, colleagues, associates and friends to help drum up participation for the Conference.

Update on Sponsorship Packages

Mr. Badgujar reported that FICCI has tentatively prepared the sponsorship packages, with a proposed amount of US$2,500 per sponsor. One of the benefits to be extended to sponsors is to nominate a panelist to the Conference. The nominated panelist will not be required to make a presentation but will only join the panel discussion as one of the discussants.

CACCI Secretariat suggested FICCI may consider setting a deadline for accepting sponsorships so as to leave enough time for accommodating relevant amendments in the promotional flyer and the program.

The CACCI Secretariat was requested to provide FICCI with the sponsorship packages of previous CACCI conferences reference. However, Mr. Modi suggested two categories of sponsorship would be enough for the 34th CACCI Conference.

FICCI will update the sponsorship packages accordingly and send the information to CACCI Secretariat which will then circulate it among CACCI Members to seek potential sponsors.

CACCI President speaks at TOBB Online Forum on International Relations in the Post-COVID ERA

Mr. Samir Modi, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), was one of the special guest speakers at the online forum on “TOBB International Relations in the Post-Covid Era” organized by the Union of Chambers and Commodity exchanges of Turkey (TOBB) on July 1, 2020.

Mr. Modi was invited to speak on “Post COVID-19 and CACCI: The Economies of Asia-Pacific Countries”. The other speakers included Mr. Youseff H. Khalawi, Secretary General, Islamic Chamber of Commerce, Industry and Agriculture (ICCIA), who spoke on “Post COVID-19 and ICCIA: The Economies of OIC Countries”; and Mr. Gunter Verheugen, Advisor to the President of TOBB and Former Vice President of the European Commission, who as Keynote Speaker gave a general evaluation of the relations between the EU and the rest of the World, especially USA, China and the UK in the Post-Covid-19 and of Turkey-EU relations.

In his presentation, Mr. Modi pointed out that the COVID-19 pandemic has, with alarming speed, delivered a global economic shock of enormous magnitude, leading to steep recessions in many countries.

The baseline forecast envisions a 5.2% contraction in global GDP in 2020 – the deepest global recession in eight decades, despite unprecedented policy support. Per capita incomes in the vast majority of emerging market and developing economies are expected to shrink this year, tipping many millions back into poverty. By 2021, cumulative output losses worldwide are expected to reach US$8.5 trillion, wiping out nearly all gains of the previous four years.

The global recession would be deeper if bringing the pandemic under control took longer than expected, or if financial stress triggered cascading defaults. Focusing on Asia, Mr. Modi cited a recent report by the Asian Development Bank assessing the potential impact of COVID-19 on the region, pointing out the following: Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease pandemic hamper economic activity and weaken external demand.

The ADB forecasts growth at 0.1% for the region in 2020, the slowest growth for the region since 1961. While growth in 2021 is expected to rise to 6.2%, GDP levels in 2021 will remain below pre-crisis trends. Hit hard by COVID-109, South Asia is forecast by ADB to contract by 3.0% in 2020, compared to 4.1% growth predicted in April.

Growth prospects for 2021 are revised down to 4.9%from 6.)%. Economic activity in Southeast Asia is expected to contract by 2.7% this year before growing by 5.2% in 2021. Contractions are forecast in key economies as containment measures affect domestic consumption and investment including Indonesia (-1.0%), the Philippines (-3.8%) and Thailand (-6.5%).

On the other hand, Vietnam is forecast to grow 4.1% in 2020, the fastest growth expected in Southeast Asia. Central Asia’s economic activity is expected to contract by 0.5% compared with the 2.8 growth forecast in April due to trade disruptions and low oil prices. Growth is forecast to recover to 4.2% in 2021.

Meanwhile, restricted trade flows and declining tourism numbers have dampened economic outlook for the Pacific subregion. The sub-regional economy is forecast to contract by 4.3% in 2020, before rising to 1.6% in 2021. Inflation for developing Asia is forecast at 2.9% in 2020, down from a forecast of 3.2% in April, reflecting depressed demand and lower oil prices. In 2021, inflation is expected to ease to 2.4%

The ADB report further points out that border closures, travel restrictions, and lockdowns that outbreak-affected economies implemented to arrest the spread of COVID-19 will likely cut global trade by $1.7 trillion to $2.6 trillion. Global employment decline will be between 158 million and 242 million jobs, with Asia and the Pacific comprising 70% of total employment losses. Labor income around the world will decline by $1.2 trillion to $1.8 trillion—30% of which will be felt by economies in the region, or between $359 billion and $550 billion.

Mr. Modi noted that, faced with an unprecedented health, social and economic crisis, governments in developed economies have rolled out massive stimulus packages to minimize the fallout of the pandemic. He stressed that stronger global cooperation is indeed critical to contain the pandemic and extend economic support to countries hardest hit by the crisis.

To protect jobs and prevent a further rise in income inequality, governments need to ensure that the monetary and fiscal support measures boost productive capacities, rather than simply driving up asset prices. At the same time the crisis presents a window of opportunity for “recovering better”. Renewed global solidarity can help strengthen public health systems, build resilience to withstand economic shocks, improve social protection systems, and address the climate change emergency.

In this regard, Mr. Modi noted that many CACCI members are working with their respective governments in implementing stimulus packages to help confront the economic challenges posed by the COVID-19 situation. At the same time, they are also instituting measures aimed at minimizing the negative impact of the pandemic on the business operations of their respective constituencies.

He reported that during the virtual conference on “Roadmap Towards Back-to-Business for Asia Pacific Countries” jointly Organized by CACCI and FICCI on June 2, 2020, CACCI member chambers from seven Asian countries – including Australia, India, Georgia, the Philippines, Japan, Sri Lanka, and of course, Turkey – shared valuable information on the impact of the pandemic on their respective economies, what the business sector and government authorities in their countries are doing to mitigate the impact of the crisis on the economy, and what measures are currently being set in place as part of efforts to put back the economy and businesses on the road to recovery.

Mr. Modi also noted that CACCI has been working closely with other regional organizations in formulating strategies to deal with the pandemic, including the ASEAN Business Advisory Council and the Conference on NonGovernment Organizations in consultative status with the United Nations (CoNGO) In conclusion, Mr. Modi expressed his hopes that, despite the limitations that the ongoing crisis has placed on its resources, CACCI and its members will continue to pursue activities to further enhance the value of our organizations to our respective members and communities, to help rebuild business confidence, and to ultimately achieve economic recovery.

CACCI President joins online meeting on NZ – India relationships

Mr. Samir Modi, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), was invited by the Wellington Chamber of Commerce (WCC) to an online meeting on June 26 for a discussion on New Zealand-India relationships.

Organized by Mr. John Milford, Chief Executive of WCC, the online meeting was also attended by Mr. Stephen Jacobi, Executive Director of both the New Zealand International Busines Forum(NZIBF) and the APEC Business Advisory Council (NZ); Ms. Fiona Cooper, Associate Director of the NZIBF and Vice-Chair of East Asia Business Council’s RCEP Working Group; and Mr. Fergus Grenfell, Policy Researcher at WCC. Discussions focused mainly on how to further improve the economic and business relations between New Zealand and India, which the meeting participants agreed need improvement.

Aside from getting the Regional Comprehensive Economic Partnership (RCEP) approved soonest preferably with the participation of India, Mr. Modi proposed three other channels for strengthening economic ties between the two countries, namely:

(1) Conduct more dialogues with the Federation of Indian Chambers of Commerce and Industry (FICC) which is the biggest business grouping representing a broad range of industry and service sectors of India;

(2) Establish more direct business – to – business contacts and dialogues between New Zealand and India; and

(3) Take advantage of the upcoming 34th CACCI Conference to be held in October 2021 in Wellington in conjunction with the Meeting of the APEC Ministers Responsible for Finance scheduled at that time during which Mr. Modi will try to organize a big delegation from India to join him.

The two sides agreed to continue their regular dialogues on the matter in the months ahead.

Successful CACCI-FICCI Joint Video Conference held on June 2th

The well-received virtual conference “Roadmap Towards Back-to-Business for Asia Pacific Countries” Jointly Organized by CACCI and FICCI on June 2, 2020 attracted the participation of more than 150 viewers who listened to the insights shared by our panelists from Japan, the Philippines, Australia, Sri Lanka, Turkey, Georgia, Bangladesh and India regarding the impacts brought by the pandemic on their respective countries as well as the opportunities on the road to recovery.

We are also pleased to share with you hereunder the link to view the recording of the CACCI-FICCI Joint Virtual Conference in the CACCI Youtube channel HERE.

Moreover, the Summary Report on the Virtual Conference can be read as follows:

INTRODUCTION

The COVID-19 pandemic has triggered economic and social shocks globally, sparing no nation from its devastating multi-dimensional impacts, further exacerbating existing vulnerabilities and inequalities and leading to immense suffering in regions around the world.

With the economic fallout from the global spread of COVID-19 continuing to increase, the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) invited representatives from selected CACCI member chambers – including those from Japan, the Philippines, Australia, Sri Lanka, Turkey, Georgia, Bangladesh and India – to convene online for a panel discussion.

The panelists were requested to share information and their insights on: (a) the expected impact of the health crisis on their respective economies; (b) what the business sector and government authorities in their countries are doing to mitigate the impact of the crisis on the economy and to safeguard business operations; (c) what measures are currently being set in place as part of efforts to put back the economy and businesses on the road to recovery; and (d) the challenges – and opportunities – that their markets face at the present time and what businesses have learned from this situation.

SUMMARY OF THE DISCUSSIONS

Welcome Remarks of the FICCI Secretary-General

FICCI Secretary General Mr. Dilip Chenoy in his welcome remarks shared the experience of India and the measures taken by Indian government. Among others, Mr. Chenoy noted the following:

(a) India has been severely impacted by COVID and has till date had 166,000 confirmed cases with 4,700 deaths. On the brighter side, The country has seen a fairly good recovery ratio, with some 71,000 Indians recovering from COVID. The number of deaths per million currently stands at 3.21 per million, as compared to UK with 557, the US with 301, and Spain and Italy with 580 and 545, respectively.

(b) Some of the major sectors of the Indian economy facing the heat of the impact include:

• Tourism & Aviation, with international and domestic travel closed, large scale cancellations taking place. Indian Association of Tour Operators estimates a combined loss of USD 1.13 bn in hotel, aviation & tourism;
• Media & Entertainment, with advertising expenditure on television expected to decline by 50% to 55% between April – June, FY2021 if the lockdown continues;
• Retail: According to Confederation of All India Traders (CAIT), the country’s retail sector has faced losses of up to USD30 billion over the past fortnight, with non-grocery/food retailers reporting an 80% to 100% reduction in sales, and IPL cancellation resulting in a revenue loss of USD 332.4-398.3 million.
• Consumer Durables: India imports 45% completely built units of consumer durables from China, and nearly 70% of the components for television, and other consumer durable products. Chinese suppliers have reportedly increased prices of TV panels by more than 15%

(c) Some of the key monetary measures taken by the Central Bank include infusing liquidity for NBFCs and MFIs, volatility and relief of borrowers by reduction in repo rates.

(d) The overall economic package by Government of India declared under the vision of “Aatmanirbhar Bharat” (which means self-dependent) is one of the highest economic packages in the world, amounting to 277 USD billions which is nearly 10.3 percent of India’s GDP. The Overall Economic Package is expected to have medium-long term impact but not much immediate impact.

(e) In addition, there have been several reforms for some of the crucial sectors including power, coal and minerals. Defence & space and aviation.

(f) FICCI has been at the forefront in supporting Government’s endeavor to revive the economy and help industry especially SMEs. It has developed a robust COVID response strategy encapsulating demand, supply and innovation/asset building to help Indian economy rebound post lockdown

(g) As far as the future of global trade is concerned, world trade is expected to fall by between 13% and 32% in 2020. Nearly all regions will suffer double-digit declines in trade volumes in 2020 and is likely to fall steeper in sectors with complex value chains including in Asia Pacific.

(h)  However, the good news is that if the pandemic is brought under control and trade starts to expand again, most regions could record double-digit rebounds in 2021 of around 21%.

(i) FICCI believes that the approach to tackle this situation could be on 4 pillars which also is applicable for Asia Pacific region, namely:

• Boost confidence in trade and global markets by improving transparency
• Keep global supply chains going, especially for essentials
• Avoid making things worse
• Look beyond the immediate

(j) Lastly, India has been promoting the idea of strengthening global manufacturing value chains given the disruptions in supply chains arising out of China and India could certainly play a significant role here along with our partners in Asia Pacific.

A global value chain breaks up the production process across countries. Firms specialize in a specific task and do not produce the whole product. In fact, a recent WTO report also strongly advocates this idea by showcasing how GDP per capita grows rapidly when countries break into limited manufacturing GVCs2

Keynote Address by the CACCI President

In his Keynote Address, CACCI President Mr. Samir Modi summarized the findings of a recent report by the Asian Development Bank assessing the potential impact of COVID-19. These include the following:

• The global economic impact of COVID-19 could reach $5.8 trillion (6.4% of global GDP) under a 3-month containment scenario, and $8.8 trillion (9.7% of global GDP) under a 6-month containment scenario.
• The potential economic impact on Asia and the Pacific is estimated at $1.7 trillion (6.2% of regional GDP) under a 3-month containment scenario and $2.5 trillion (9.3% of regional GDP) under a 6-month containment scenario, with the region accounting for 30% of the overall decline in global output.
• Under the short and long containment scenarios, the ADB report notes that border closures, travel restrictions, and lockdowns that outbreak-affected economies implemented to arrest the spread of COVID-19 will likely cut global trade by $1.7 trillion to $2.6 trillion.
• Global employment decline will be between 158 million and 242 million jobs, with Asia and the Pacific comprising 70% of total employment losses.
• Labor income around the world will decline by $1.2 trillion to $1.8 trillion—30% of which will be felt by economies in the region, or between $359 billion and $550 billion.

The ADB report, Mr. Modi added, also pointed out that governments around the world have been quick in responding to the impacts of the pandemic, implementing measures such as fiscal and monetary easing, increased health spending, and direct support to cover losses in incomes and revenues.

Mr. Modi said that according to ADB estimates, sustained efforts from governments focused on these measures could soften COVID-19’s economic impact by as much as 30% to 40%. This could reduce global economic losses due to the pandemic to between $4.1 trillion and $5.4 trillion.

According to the ADB report, these findings highlight the important role policy interventions can play to help mitigate damage to economies. They can also provide governments with a relevant policy guide as they develop and implement measures to contain and suppress the pandemic, and lessen its impacts on their economies and people.

Mr. Modi said that he was particularly pleased to note that many CACCI members are working with their respective governments in implementing stimulus packages to help confront the economic challenges posed by the COVID-19 situation. At the same time, they are also instituting measures aimed at minimizing the negative impact of the pandemic on the business operations of their respective constituencies.

Summary of Panelists’ Remarks

The Q&A session that followed the Keynote Address of CACCI President Mr. Modi was moderated by Amb. Abdul Hannan, Adviser to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Ambassador Hannan is also Adviser to United Nation Secretary General’s Central Emergency Response Fund Advisory Group. He also served as Consultant to the World Intellectual Property Organisation.

The panelists and a summary of their respective remarks are presented below.

Amb. Benedicto Yujuico, President of the Philippine Chamber of Commerce and Industry, and Member, CACCI Advisory Board

Ambassador Yujuico pointed out the following in his remarks:

• The Philippine economy was doing well at the end of 2019, ranked as the second fastest growing economy in Asia, at a growth rate of 6%. The country enjoyed good employment figures, with average income high and poverty level down.
• However, with the onset of the COVID-19 pandemic, he likened the Philippines to a car travelling at 80 mph that suddenly hit the brakes
• Businesses had to advance salaries and bonuses to employees.
• Government stepped in with social amelioration programs when the lockdown lasted more than expected.
• Receipts from the BPO industry and remittances from the Overseas Filipino Workers from all over the world, which are major sources of US dollar income for the country, has slowed down to a trickle with the pandemic
• The Philippine Chamber of Commerce and Industry (PCCI) worked with the Department of Finance, the Department of Trade, and the National Economic Development Authority in developing a Roadmap to Recovery, outlining the measures that need to be set in place to keep the economy moving forward and to help the poor and the employees who have lost their jobs
• The PCCI also talked to the Bankers Association of the Philippines to extend assistance to the small and medium enterprises, which comprise 70% of economy, by restructuring their loans maturing from March 16 to Dec 31 this year, or moving maturity one year forward, and extending loans to SMEs to help them recover their businesses.
• The PCCI also participated in the government’s formulation of stimulus programs which are now starting to be implemented.
• The key challenge for the Philippines now is how to re-start the economy soonest and safely, thereby keeping the country alive by sustaining production and employment.

Mr. Jemal Inaishvili, Former President of Georgian Chamber of Commerce and Industry and Member, CACCI Advisory Board

Mr. Inaishvili noted the following in his remarks:

• Georgia has been quite successful in fighting the spread of COVID-19. Of the country’s total population of 3.5 million, there were only 794 cases reported, and 12 deaths. These compared well with the record of its neighboring countries such as Armenia and Azerbaijan.
• These figures were achieved due to the complete stop of business activities in the country
• The economy is now starting to open, with all restaurants and bars resuming business operations on June 2. Hotels, however, remain closed.
• From July 1, Georgian is expected to start receiving foreign visitors to the country.
• Nonetheless, the economic impact of the pandemic has been huge. For instance, transport and logistics experienced a reduction in business volume by as much as 50%.
• Georgia relies on tourists, with an average of 8 million visitors annually. However, this year, and probably the next, will be most difficult for the tourism industry, and hence, for the economy.
• The government has taken measures to help citizens and businesses. But businesses need to adapt to the new situation or the so-called “new normal.”
• While this year will be hard for Georgia, there are expectations that things will start to pick up next year. However, it will also depend on the situation in neighboring countries, particularly those with whom the country has economic relations.
• Mr. Inaishvili expressed confidence that Georgia will be able to handle the situation and become stronger

Mr. Bryan Clark, Director, Trade & International Relations, Australian Chambers of Commerce and Industry

Mr. Clark informed the webinar participants of the following:

• Australia was doing well in 2019. The budget was expected to be in surplus by May, in line with the country’s 29-year economic growth
• However, the Australian bushfires brought devastation to certain regions of the country, interrupting the strong economic performance in New South Wales and Victoria states
• Tourism activities were disrupted. Communities devastated, requiring re-construction.
• The pandemic closed international and inter-state borders. Businesses closed, and work from home was encouraged.
• However, it was difficult to implement work-from-home in remote areas. Hence, not everyone has been able to maintain businesses.
• The government implemented stimulus measures aimed at retaining employees, and maintaining relationship between employers and employees in the hope that businesses can restart
• Currently, international borders are still closed. However, state borders have re-opened, and hence, businesses are beginning to resume operations as well.
• With international borders remaining closed, the ACCI is working with New Zealand chambers to re-open businesses as soon as possible, since New Zealand is relatively safe and free of COVID-19
• While Australia has only 7.5k cases, with 6,900+ recovered and 100+ deaths, the country cannot yet open international borders to avoid risk of exposure from travelers coming from other countries
• The model suggested is to opening so-called bubble corridors with places considered safe (such as Canberra-Wellington) instead of whole countries
• Opening up to the small Pacific nations, which do not have COVID-cases, is also being considered, but still implement testing.
• The ACCI is working with the Australian government by proposing ideas to relevant task forces in the government.
• With the economy expected to decline by 6% this year from a 2% growth rate, the challenge now is to identify where the recovery would come from. Economists say that even if economies can recover domestically, without international engagement, growth may remain deficient
• Australia strongly relies on the China market. However, as the pandemic has demonstrated, one should not rely only on one or two markets. The challenge is to identify other opportunities offered by other nations instead of being dependent on just one nation. He said that CACCI, given the geographical scope of its membership, can play an important role in this regard. It is crucial for CACCI to use new technologies to connect its members whenever physical meetings are infeasible.

Mr. Çağrı Gürgür, Chief Adviser to the President, Union of Chambers, Commodity and Exchanges of Turkey (TOBB)

Mr. Gurgur pointed out the following in his initial remarks:

• As the outbreak of coronavirus seems endless, an important question to ask is: how long it will take human beings to contain the pandemic?
• For Turkey, the economic growth rate was 4.5% for the 1st quarter of 2020, and it is predicted that the economy would shrink in the 2nd and 3^rd quarters, but is expected to recover in the 4th quarter
• Aside from falling interest rates, supply chain disruption, and weakening demand caused by the pandemic, the price of oil is also a factor which influences Turkey’s economic performance.
• To boost the economy, the Central Bank and the Government of Turkey have been working together to introduce a series of measures to support businesses.
• With the joint efforts by the government and the industry sector, it is expected that the economic growth rate for Turkey for 2021 would reach 6%, assuming that no second wave of the pandemic will occur.

Mr. Manjula de Silva, Chief Executive Officer, Ceylon Chamber of Commerce

Mr. De Silva highlighted the following points in his initial remarks:

• As of June 2, there were about 1,600 confirmed cases and half of the patients had been discharged, and with only 11 deaths or less than 1% of the confirmed cases.
• The COVID-19 pandemic has added new challenges to the growth outlook of Sri Lanka, mainly the economic cost of the fiscal, monetary and macro financial measures announced during last couple of weeks. The sudden stoppage of businesses, closure of airports, supply chain disruptions will add pressure on the growth outlook.
• The impact of COVID-19 on the Sri Lankan economy included the following: (a) domestic virus containment measures have affected sectors such as tourism, apparel, and trading; (b) economic slowdown in key trading partners; (c) high cost of raising debt; (d) Low FDI inflows; (e) Low remittances from workers’ abroad; and (f) Low tourist arrivals and earnings due to travel restrictions.
• Tourism in March saw a sharp fall of 71% with no arrivals in April; manufacturing Purchasing Managers’ Index in April fell to historical low with fall in orders; and workers’ remittances fell by 32%.
• The Sri Lankan government took immediate actions to mitigate the impact of the pandemic, including the following: (a) early introduction of lockdown/curfew; (b) awareness creation campaigns via media; (c) encouraging both public and private sectors to work from home; (d) allowing agricultural activities to continue; (e) allowing manufacturing of selected essential items to continue; (f) online distribution of food and essential items; (g) cash handouts to vulnerable sections of the population; (h) keeping banks and other essential services open; (i) port operations being continued with introduction of some level of automation; and (j) introducing import restrictions to protect currency.
• Measures were taken to steer the economy and business towards economic recovery.
• Among the monetary and financial sector measures were: (a) Policy rates, Statutory Reserve Rate (SRR) and Bank Rate reduction; (b) Debt repayment moratoria for several sectors, SMEs and self-employed people; (c) Saubhagya COVID-19 Renaissance facility to provide soft loans for working capital needs and new comprehensive rural credit scheme; (d) Relaxing import restrictions on inputs required by exporters and manufacturers of essential products for the domestic market; and (e) Temporary restrictions for capital outflows.
• Fiscal measures taken included: (a) Cash grants of Rs. 5,000 as a lump sum payment for the low income families; (b) Introduction of maximum retail price for selected essential items; (c) Concessions for businesses engaged in tourism, textile and garments, and wholesale and retail trade sectors; (d) Allocation of funds to settle payment arrears; (e) Granted grace periods for VAT payments; and (f) Establishment of fuel price stabilization fund
• In addition, a tripartite agreement with the Employers’ Federation of Ceylon (EFC) and trade unions were inked to permit pay reductions proportionately to number of days worked.
• The Ceylon Chamber of Commerce submitted key macro proposals for strong and decisive measures including: (a) Seeking Rapid Release funds from institutions such as the IMF, ADB and World Bank; (b) Continue and Expand the Central Bank’s Crisis Action Plan; (c) Stringent Controls on Non-Essential Spending across Public and Private Sectors; and (d) Commitment of 2.5% to 3.0% of GDP towards Economic Recovery over a time frame of 12 months
• In addition, the Chamber recommended key stimulus measures, classified into three major categories: Immediate-Term (to secure economic recovery), Medium-Term (to enable fast-track economy), and Long-Term (to consolidate recovery)
• The Immediate-Term measures include: (a) Support Survival of Firms in Affected Sectors
• Priority for Employment Assistance Schemes; (b) Cash transfers to vulnerable segments of society using Digital Means; (c) Relief for Internal Sectors burdened by unpaid Government invoices via Sovereign backed financing; and (d) Interim relief for Citizens & SMEs
• The Medium-Term measures include: (a) Refinancing or credit guarantees to support concessionary relief financing provided by commercial banks; (b) Longer term arrangements to support Banks and NBFIs to match delayed inflows and Moratoria on Capital Adequacy ratios; (c) Comprehensive Digitisation of Government Services; and (d) Specific Focus on Tourism Recovery including a ‘Winter 2020/21 Visit Sri Lanka Campaign
• The Long-Term measures include: (a) Incentivise Debt Capital via tax exemptions; (b) Investment relief for companies that invest in COVID-Resistant sectors; and (c) Structural Re-Engineering, Digitisation and Transformation of Key Sectors – such as agriculture, education, energy and transportation.

Mr. Chikara Shimizu, Deputy General Manager, International Division, Japan Chamber of Commerce and Industry

Major highlights of Mr. Shimizu’s initial remarks included the following points:

• In Japan, a total of 16,697 people was infected and 900 were killed by Jun 1 since the first case was confirmed on January 15. The average number of new infections per day during the latest 7 days is about 45 people.
• The latest government’s monthly economic report showed that the Japanese economy is worsening rapidly in an extremely severe situation, due to the novel coronavirus.
• Under such circumstances, the government lifted the state of emergency that had been in place all over the nation since last week, and it is now gradually moving to the stage of the resumption of economic activities. Although depending on the employment situation, the economic downturn may last for a long time. But for now, it is expected that the economy will pick up, mainly due to personal consumption.
• Following the spread of the new coronavirus, the Japanese government is trying to shield the economy with an enormous stimulus package. The government enacted the first supplementary budget on April 30, which is worth $240 billion, and the second supplementary budget on May 27, which is worth $1.1 trillion. The combined size of stimulus would be an amount equivalent to about 40% of Japan’s GDP. Currently, emergency economic measures including cash benefits and interest-free loans are being implemented, mobilizing all policy measures in such fields as finance, banking and taxation.
• Companies are adopting staggered hours, teleworking, temporary leave, and cautious about social distancing. Even after the state of emergency was lifted, we have to start businesses that respond to the “new normal.” On top of that, we would have to prepare for a long battle to reach the normalcy while preventing the spread of new infections. In response to the current situation, the Japan Chamber of Commerce and Industry, and the Tokyo Chamber of Commerce and Industry are petitioning various requests to the government, including quick supply of funds to businesses in need and the IT utilization support for MSMEs.
• Chambers of commerce around the region – using CACCI as a platform – can exchange information and perspectives on what kind of changes are occurring in the world, in the region or in each country; and what kind of impact these changes have on the economy and on businesses. These can then serve as inputs efforts in promoting international business and economic growth in this region.
• Under the present circumstances, online shopping and telecommuting are becoming more prevalent. Business people must accurately grasp such changes in society and examine the possibility of new business developments, particularly with more innovation and greater utilization of IT.
• To start easing entry restrictions to Japan will be a major issue for the future. Foreign visitors to Japan have decreased sharply, which is having a severe impact on restaurants, hotels and outdoor leisure industries. We must consider the recovery of such industries.

Q&A Session

The panelists made the following comments in response to the various interventions made by Moderator Amb. Abdul Hannan during the Q&A session:

(1) The narrative of the 21st Century is that it is the Asian century. How do you feel that countries in this region can contribute towards the development of the entire humanity?

Amb. Benedicto Yujuico: Yes, the 21st century is indeed the Asian century. I also emphasized this idea during my speech delivered during my earlier visit to Taipei. In that speech, I pointed out that by far, the most rapid shift in the world’s economic center of gravity took place in 2000-2010, from the West to the East, reversing the trend of decades of economic development.

Mr. Bryan Clark: Given the current pandemic outbreak, it is more the case that the 21^st Century is the Asian century, especially when super powers in the world gradually lose their strength. In addition, multilateral mechanisms demonstrate their values as well, and countries like Australia and Singapore have worked on that direction for years.

Mr. Chikara Shimizu: There is no clear definition, and it may be sometimes argued with pros and cons, but there is the term “Asian values”－ for example, Western values are referred as “individual” and “freedom,” Asian values are referred as “attributing to the entirety” and “coexistence.” I think we can contribute to the development of humanity by overlaying these values on business ethics. As digitalization advances, one of the things that makes me worried about is the so-called netiquette－ etiquette of the people who use the internet. I hope the idea of entirety and co-existence will improve Internet society, placing greater value on morals and humanity.

(2) What role can industry bodies like CACCI play in facilitating greater partnerships, business and people to people during or post the pandemic?

Mr. Jemal Inaishvili: CACCI is a unique platform in terms of promoting international business and trade opportunities. To maintain its advantage, CACCI should properly adapt to the new situation of the post-pandemic era and facilitate more online activities or training programs for its members.

Mr. Çağrı Gürgür: At a time like this, CACCI can play a more active role as more international cooperation mechanisms are needed than ever before and more industries need financial support. In addition, CACCI can pay attention to timely issues like climate change as well. To cope with the changing world, we all need guidelines which is exactly why the Turkish government has put in place measures to lead the businesses. Through the platform of CACCI, more global cooperation and experience-sharing can be done properly.

(3) Partnership is crucial in helping Asia Pacific’s SMEs navigate COVID-19. Could you share your thoughts on creating meaningful business partnerships in the region to help our SMEs?

Mr. Chikara Shimizu: I think sharing success stories will be beneficial to MSMEs. As an example, the International Chamber of Commerce (ICC) is operating “The Corporate Startup Stars Awards” in collaboration with the European Commission and other entities. The Award selects large companies with which start-ups can work together. There is also a category called “ASIA Corporate Startup Stars,” which is given to the company with the highest valuation in Asia, so it may be some reference or hint for us.

(4) Supply chains have been upended. Please advise us how to make them resilient.

Mr. Jemal Inaishvili: Logistics is part of the supply chain and it plays an important role in international trade. Its recovery depends much on how soon the economy will pick up. From my experience, in the logistics business, nothing much can be done at the moment as the development of the business is subject to the market situation. We are now trying to survive the pandemic and waiting for it to be over. The worst, and probably inevitable, scenario is that some companies may have to be closed due to Covid-19.

Mr. Bryan Clark: It is important to take advantage of developments and embrace the change. All countries should keep upholding the idea of free trade and seeking more cooperation with their neighbours.

Mr. De Silva: As the travel limit may be lifted following effective containment of Covid-19, people would start to look at opportunities in international trade in an effort to recover from the crisis. While we try to promote multilateral trade, we can start with providing some products to our neighbours as the starting point.

Currently, it is disappointing to note a global trend towards inward looking economic policies. It is understandable to some extent in the short term due to the limitations experienced during the crisis period as most countries wanted to ensure their ability to self-sustain the supply of food and other essential goods. However, as we emerge out of the crisis into a recovery phase, we need to again start promoting international trade.

We as Chambers must also do our best to promote trade and even if we can’t do things like trade fairs and exchanging trade delegations as we did in the pre-Covid era, we need to see how such things can be done virtually. It should be possible to conduct virtual trade fairs and create virtual portals for matchmaking. Through such initiatives, we need to promote trade especially among Asian countries. Currently, the trade within Asia accounts for only 23% of global trade and there is so much potential to increase that.

Vote of Thanks

FICCI Secretary General Mr. Dilip Chenoy thanked all his fellow panelists from across the Asia Pacific countries for sharing their deep insights on impact of COVID on their economies and giving suggestions for industry.

He expressed his hopes that everyone who participated in the virtual conference gained a good perspective on the issues and have given them good food for thought going forward.

Mr. Chenoy concluded the session by saying: “I know these are very difficult times of each one of us across the globe, but we need to stay strong and sail through these tough and unprecedented times. I am sure the cooperation between our Asia Pacific economies can set an example of partnership for businesses for others to follow.

Letter from CACCI President Samir Modi concerning COVID-19

CACCI President Emeritus Mr. K. K. Modi passes away

It is with profound sadness that we inform all CACCI officers and members of the passing away of Mr. Krishan Kumar Modi, President Emeritus of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI).  Mr. K. K. Modi died last Saturday night, 2 November 2019 in New Delhi, India. He was 79.

Mr. K. K. Modi – father of the incumbent CACCI President Mr. Samir Modi –  served as CACCI President from 2002 to 2004, and from 2004 to 2006, the first one to hold the position for two consecutive terms. During his  presidency, M. K. K. Modi provided valuable guidance in steering the Confederation towards its objective of promoting cooperation among businessmen in the region. He was later conferred the title of CACCI President Emeritus for his continued active participation in the activities of the Confederation as member of the CACCI Advisory Board. In November 2016 during the 50th Anniversary of CACCI, Mr. K. K. Modi was presented the Illustrious Service Award in recognition of his valuable contribution in promoting the growth and development of the Confederation.

Mr. K. K. Modi was Chairman of Modi Enterprises, a Group of Companies with international partners and engaged in various sectors including cigarettes, tea & beverages, entertainment, consumer products, network marketing, chemicals, tertiary education and Gourmet restaurants. He made significant contribution to Indian industry and held numerous positions in the industry, trade, education, sport and charitable organizations

Mr. K. K. Modi’s demise is therefore a great loss to the Indian business community, to CACCI, and to the region’s chamber movement as a whole, leaving a void that is difficult to fill.

We would like to invite all CACCI members to join Mr. K. K. Modi’s family in prayer at this time of great sorrow.

Sincerely yours,

Ernest Lin
Director-General
Confederation of Asia-Pacific Chambers of Commerce and Industry

CACCI President Samir Modi joins 45th Philippine Business Conference

The Opening Ceremony of the 45th Philippine Business Conference & Expo held at the historic Manila Hotel on October 16th 2019 provided a good opportunity for CACCI President Samir Modi and CACCI Vice President Peter McMullin to greet Philippine Vice President Leni Robredo, the keynote speaker of this important annual business event.

CACCI President Samir Modi said that “it was a pleasure meeting and hearing Ms. Leni Robredo, Vice President of the Philippines today on harnessing the extraordinary power of digital in today’s era.”

CACCI President Samir Modi speaks in Manila Forum

CACCI President Samir Modi joined the National Chamber Management Forum organized by the Philippine National Chamber of Commerce and Industry in Manila on October 15^th 2019. Mr. Samir Modi discussed the role of Chambers in promoting international trade and investment.

Other CACCI dignitaries such as Past CACCI President Amb. Benedicto Yujuico, CACCI Vice Presidents Peter McMullin and Pradeep Shrestha (all present in the photo) also joined the CACCI Presidential delegation to the Philippines.

CACCI President Samir Modi invites officers and members to CACCI Conference in Dhaka

CACCI President Modi meets FBCCI Officers in Dhaka

CACCI President Modi Meets with FBCCI Officers on November Conference Preparations– CACCI President Mr. Samir Modi on September 6, 2019 met with key officers of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) led by Acting President and Director Md. Muntakim Ashraf in Dhaka to discuss preparations for the 33rd CACCI Conference to be held on November 26-27, 2019 at the Pan Pacific Sonargaon Hotel in Dhaka.

Discussions focused mainly on the proposed Conference Program. Both sides shared views on how to make this year’s CACCI gathering, which will be held for the first time in Bangladesh, highly interesting and attractive to CACCI members and other participants, particularly the younger generation of businessmen. Above photos show President Modi exchanging tokens of appreciation with the FBCCI Directors at the end of the meeting, which followed later by a dinner hosted by FBCCI. Mr. Modi was accompanied by CACCI Deputy Director General Mr. Amador Honrado Jr. and Ms. Aneesha Duggal, Officer-in-Charge of CACCI-related activities at Mr. Modi’s office in New Delhi.

President Modi attends WCF General Council Meeting in Moscow

CACCI President Mr. Samir Modi attended the meeting of the Meeting of the World Chambers Federation General Council, of which CACCI is a Permanent Member, hosted by the Chambers of Commerce and Industry of the Russian Federation (CCIIF), a CACCI Primary Member, on September 10-11, 2019 in Moscow.

The meeting in Moscow was a great opportunity for CACCI President Samir Modi to consolidate further CACCI’s links with the leaders of other world business organizations. Mr. Modi conferred the Presidents and representatives of Chambers of Commerce, as well as informed them about upcoming CACCI activities.

CACCI President Samir Modi with CCIRF President Mr. Erhey Katyrin

Mr. Modi with other WCF delegates, including CACCI Immediate Past President Mr. Jemal Inaishvili

CACCI President Samir Modi with CCIRF Deputy Chairman Mr. Vladimir Padalko and Mr. Inaishvili

CACCI President Samir Modi with Mr. Boris V. Stupnitsky, President of the Union Primorsky Chamber of Commerce and Industry, winner of the CACCI Local Chamber Award in 2017

CACCI President Samir Modi to attend the WCF General Council Meeting in Moscow

The President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) Mr. Samir Modi has confirmed his participation in the second meeting this year of the General Council of the ICC World Chambers Federation. The meeting will be held on September 10-11, 2019 at the World Trade Center in Moscow, Russia.

To be hosted by the Chamber of Commerce and Industry of the Russian Federation (CCIRF), the two-day gathering will include a meeting of the WCF Executive Committee, two separate meetings of the WCF General Council, a networking lunch, and a Welcome Dinner to be hosted by CCIRF. The CCIRF will also be organizing sightseeing tours for the participants, including a Moscow River cruise and a tour of the Red Square and the Moscow Kremlin.

The WCF is a global network of 12,000 chambers that aims to help individual chambers to become more productive and strengthens links among them. The General Council is the governing body of WCF that sets the strategic direction and development of WCF’s services. As a transnational chamber, CACCI is a Permanent Member of the WCF General Council and is currently represented by Mr. Modi.

CACCI delegates enjoy Tokyo’s attractions

Musashi at the Asakusa View Hotel

In the afternoon of July 23^rd, the CACCI delegation traveled to Asakusa View Hotel for buffet lunch hosted by JCCI at the 26th floor restaurant. One specialty of the restaurant is “Musashi”, a type of grill cooking using a Musashi oven made of Mt. Fuji lava stone.

Visit to Asakusa

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After finishing lunch, the visitors went to the nearby Asakusa, a district in Taito, Tokyo and the center of Tokyo’s shitamachi (literally “low city”), one of Tokyo’s districts, where an atmosphere of the Tokyo of past decades survives.

Asakusa’s main attraction is Sensoji, a very popular Buddhist temple built in the 7^th century dedicated to the bodhisattva Kannon (a bodhisattva is any person who is on the path towards Buddhahood). With so many religious establishments, there are frequent matsuri (Shinto festivals) in Asakusa, as each temple or shrine hosts at least one matsuri a year, if not every season.

Sumida river cruise

From Asakusa, the delegation took the Sumida River Cruise. The Sumida River is one of Tokyo’s main rivers, and the most familiar Tokyo river to visitors. It starts directly north of Tokyo, then out eastward through eastern Tokyo. The sightseeing highlights of the Sumida River are the Tokyo Skytree and the many bridges that span the Sumida.

CACCI President Samir Modi calls on Indian Ambassador to Japan

During the CACCI Presidential Visit to Japan, CACCI delegates took the opportunity to visit the Indian Embassy in Japan on July 23rd to meet with the Indian Ambassador to Japan H. E. Sanjay Kumar Verma along with his colleague First Secretary (Economic) Mr. Bhagirathi Behera.

The discussion between the two sides focused on the current state of economic relationships between Japan and India, highlighting some of the areas and activities in which Indian businessmen are engaged in Japan. Among others, the CACCI visitors were informed that:

(1) The two-way trade between Japan and India has been growing, with about US$13 Billion worth of imports from Japan to India and US$5 Billion worth of exports from India.

(2) Exports from Japan consist mainly of fish, petroleum products, shrimps, textiles and machinery.

(3) Japan is the largest investor in India, with the Japanese investments going largely to large industries and software-based services sector

(4) There are currently 441 Japanese companies in India, with a total of 5,200 offices all over the country. These are mainly SMEs engaged in automotive and storage facilities.

(5) Indian foreign direct investments to Japan total some US$200 Billion, mainly in software industry,

(6) Business opportunities between the two countries lie in smart technologies, health care (wellness), logistics, and infrastructure.

CACCI President Mr. Samir Modi took the opportunity to introduce to the Indian Ambassador his company and the business activities he is engaged in, and cited some of the areas that he is looking at in Japan for possible investments.

CACCI delegates meet Japanese Ministry of Economy and Trade officials

On July 23, the CACCI Presidential delegation – accompanied by JCCI officers led by Kazuo Nishitani – visited the Ministry of Economy, Trade and Industry (METI) where they were welcomed by key METI officials that included Mr. Haruhisa Somaya, Deputy Director-General for Trade Policy; Mr. Yasujiro Miyake, Director (South Asia), Trade Policy Bureau; and Mr. Takayuki Kanai, Deputy Director, Invesment Facilitation Division, Trade and Economic Cooperation Bureau.

Mr. Somaya expressed his deep appreciation to the CACCI delegation for visiting METI as part of its Tokyo visit itinerary, and expressed his hopes that the visit would set a precedent for more frequent trips to Japan by businessmen from CACCI member countries in the future.

Mr. Somaya took the opportunity to briefly introduce METI and its major functions. From his presentation, the CACCI delegation learned, among others, that METI was created by the 2001 Central Government Reform when the Ministry of International Trade and Industry merged with agencies from other ministries related to economic activities, such as the Economic Planning Agency; and that METI has jurisdiction over a broad policy area, containing Japan’s industrial/trade policies, energy security, and control of arms exports, among others.

Mr. Somaya proceeded to share with the CACCI visitors the following:

(1) These problems currently face by Japan include ageing population, decline in working age population, the increasing importance of emerging markets, growing protectionism among many economies, the US-China Trade friction, environmental changes and fluctuations, changes in international order brought about by the decoupling of value chains.

(2) To help counter the negative impact of these developments on the Japanese economy, Japan has been taking the lead in international trade coordination through, for instance, the CPTPP following the US withdrawal from the Agreement; improvement of productivity; entering emerging economies; participate in the infrastructure development in other countries through exporting of infrastructure and operating systems; and get involved in third country collaboration such as, for example, partnering with India in entering the African market.

(3) Japan has also been encouraging inward foreign direct investments in all industry sectors. In addition, the government is engaging in projects aimed at revitalizing urban areas, as well as creating a more friendly business environment through the simplification of investment procedures and requirements.

(4) METI believes that organizations such as CACCI, its members and other corporations in Asia can help and cooperate with Japan in achieving its economic development objectives.

(5) METI points the Japan External Trade Organization (JETRO) as the appropriate body that can also provide assistance to CACCI members in identifying business opportunities in Japan and in looking for possible business partners. JETRO is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. They further were informed that, originally established in 1958 to promote Japanese exports abroad, JETRO’s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential.

For his part, Mr. Modi thanked Mr. Somaya and the Ministry for receiving the CACCI delegation and for making the necessary arrangements for the visit He also expressed his appreciation to the Japanese government for its support of CACCI and its activities through the strong and active cooperation of Japan CCI. Mr. Modi cited the important role that Japan – through the JCCI – has always played in the Confederation.

Mr. Modi expressed his hopes that Japan – through JCCI – will remain actively involved in the Confederation. He said that considering the geographical scope of its 28-country membership, CACCI provides a good platform for the Japanese business community to reach out into the regional market, and for the Japanese government to promote its trade and investment policies for the region.

Mr. Modi mentioned that his own company – the Modi Group – has done business with Japan for the past 35 years or so, adding that over the past five years, the group has sent 250 people from India to Japan to learn from the practices and experience of Japanese companies, He said that he is excited about what Japan can offer in terms of its technology, food processing, and other new business concepts (particularly those applying AI and robotics. He stated that he will encourage CACCI members to contact JETRO to obtain and provide more information about the investment and business opportunities not only in Japan but in their respective countries as well. He added that he will promote further collaboration between Japanese companies and the Modi Group companies.

Each member of the CACCI delegation was given the opportunity to introduce themselves and the company/organization they represent, and their expectations from the Japan visit. Some delegates asked the METI officials to identify specific industry sectors that the Japanese government is encouraging foreign business to invest in, and what are the incentives and related policies that the Japanese government is offering them. A number of them also asked about business opportunities in Japan specifically for their respective companies.

Japan CCI invites CACCI delegates to dinner

On the 1st day of the CACCI Presidential Visit to Japan, Mr. Teruo Asada at Tokyo Kaikan hosted the delegates for a dinner where he issued some brief remarks. Mr. Asada noted that the CACCI delegation visited the Cup Noodles Museum in Yokohama where they saw Japanese food processing technology, and also visited the Mitsubishi Minatomirai Industrial Museum to view the cutting-edge Japanese science and technology today. He pointed out that both are examples of the precise and refined technology which are very differentiated and competitive in the world. He said that cup noodles are an instant food that was born in Japan and are now quite popular in the world.

And cutting-edge science and technology, such as aircraft, deep sea submersible research vessels and artificial satellites that the delegation viewed at the Mitsubishi Minatomirai Industrial Museum is helping to develop the sky, sea, and space, and added that further development is expected in the future.

Mr. Asada said that there are many large companies in Japan that are having such precise and refined technology – such as the two facilities visited earlier by the delegation. However, he noted that in fact, there are also 3.8 million small and medium-sized enterprises (SMEs) across Japan and they have full of original and outstanding technologies that are quite attractive, creative and competitive.

However, Mr. Asada added that despite having very advanced technologies, in recent years the number of SMEs are either losing business or being forced out of business is increasing due to the low birthrate and aging population, the lack of successors and shortage of workforce all over Japan. As a countermeasure, the JCCI will support our member companies by requesting government action and holding seminars on how to deal with this situation. In addition, the JCCI is also focusing its support to member companies on overseas expansion. In this regard, the Chamber is actively promoting private-sector economic exchanges, asking the local governments to improve the investment climate, and holding seminars to understand local environments (in each countries) in the Asia-Pacific region that are covered by the CACCI.

Mr. Asada expressed his hopes that the dinner he was hosting would serve as another occasion for guests to actively exchange ideas and opinions about what kind of collaboration are most essential in the future with the CACCI, as well as discuss the economic conditions and investment climate in countries at the Asia-Pacific region, while strengthening friendship through such process.

In response, Mr. Modi conveyed his deep gratitude to Mr. Asada for hosting dinner for the CACCI delegation. He reiterated his thanks and appreciation to JCCI, its officers and members for its continued strong support of CACCI and its activities, and called on both sides to continue exploring areas of possible cooperation and collaboration, with the aim of contributing to the further economic growth and development of individual Asian countries and of the region as a whole.

Attended by 12 invited guests that included key officers of several Japanese companies as well as five officers from the JCCI Secretariat, the dinner provided the CACCI visitors and the JCCI hosts and guests the opportunity for further strengthening of relationships both on a personal and professional level. A list of Japanese guests can be consulted just below.

List of the Japanese Participants at the Dinner Hosted by Mr. Teruo Asada for the CACCI Presidential Visit Delegation Held on July 22, 2019 in Tokyo

(1) Mr. Teruo Asada

• Special Advisor, The Japan Chamber of Commerce and Industry
• Vice Chairman, CACCI (Japan)
• Executive Advisor, former Chairman, Marubeni Corporation (Trading Company)
• Chairman, The Japan-Pakistan Business Co-operation Committee
• Chairman, The Japan-Bangladesh Committee for Commercial and Economic Co-operation

(2) Ms. Kaoru Fujisawa

• President, The Japan Federation of Chambers of Commerce and Industry Business Women’s Clubs
• President, The Tokyo Chamber of Commerce and Industry Business Women’s Club
• President, Checkmate Co., Ltd (Real-estate rental, Property management, Restaurant business)

(3) Mr. Takeo Matsubara

• GeneralManager, Yanmar Holdings Co., Ltd (Manufacturer of Diesel Engines, Heavy Equipment Watercraft)

(4) Mr. Mitake Eiichiro

• General Manager, IHI Corporation (producer of ships, aircraft engines, turbochargers for automobiles, industrial machines, power station boilers and other facilities, suspension bridges and other transport-related machinery.)

(5) Mr. Tsutomu Hashimoto

• Deputy General Manager, Sumitomo Corporation (Trading Company)

(6) Mr. Hiroshi Kawai

• Deputy General Manager, Kawasaki Heavy Industries Ltd. (manufacturer of motorcycles, heavy equipment, aerospace and defense equipment, rolling stock and ships)

(7) Mr. Daisuke Murata

• Vice Chairman, Global Business Exchange Committee, Young Entrepreneurs Group of The Japan Chamber of Commerce and Industry
• President, M.F.Corporation (Retail, Convenience Store)

(8) Mr. Ryoichi Saito

• Vice Chairman, Global Business Exchange Committee, Young Entrepreneurs Group of The Japan Chamber of Commerce and Industry
• President, MASTERPIECE Co., Ltd (Design and Construction of buildings)

(9) Mr. Katsunori Osaka

• Administrator, Global Business Exchange Committee, Young Entrepreneurs Group of The Japan Chamber of Commerce and Industry
•  CEO, Ecoplanning Co., Ltd (Construction)

(10) Mr. Yusho Kawata

• Secretary, Global Business Exchange Committee, Young Entrepreneurs Group of The Japan Chamber of Commerce and Industry
• Elrise Corporation, CEO-MBA (Software and IT)

(11) Mr. Hayato Iida

• Executive Secretariat, Assistant to the Executive Advisor, Marubeni Corporation

(12) Ms. Takae Takeuchi

• Manager, Asia & Oceania Team, Regional Coordination & Administration Dept., Marubeni Corporation
• JCCI Secretariat

(13) Mr. Eibun Kobayashi

• General Manager, International Division, The Japan Chamber of Commerce and Industry

(14) Mr. Kazuo Nishitani

• Project General Manager, International Division, The Japan Chamber of Commerce and Industry
• Secretary General, International Chamber of Commerce Japan (ICC Japan)

(15) Mr. Kazuto Sasaki

• Project General Manager, International Division, The Japan Chamber of Commerce and Industry

(16) Mr. Yasuhiro Morimoto

• Senior Project Manager, International Division, The Japan Chamber of Commerce and Industry

(17) Mr. Soichiro Sugihara

• Staff, International Division, The Japan Chamber of Commerce and Industry

CACCI delegates visit Mitsubishi Industrial Museum

On July 22^nd 2019, the CACCI Presidential delegation led by President Samir Modi visited The Mitsubishi Minatomirai Industrial Museum. During their tour of the Museum, the delegates learned that the Museum was established by Mitsubishi Heavy Industries, Ltd. in June 1994 to give visitors – especially youngsters – the opportunity to expand their dreams as they move into the future by experiencing science and technology.

Visitors can learn about science by trying their hand at various fun, interactive science-based tasks and games, learn about the environment and the technology designed to make use of it from interactive displays, and get exposed to current and future advances they can rarely see in daily life.

The Museum is organized into different zones representing different themes – LAND, SEA, SKY and SPACE – as well as into different exhibits and activity corners, such as Virtual Tour Station, the Science Plaza, and Kids Ground.

CACCI visits Yokohama Cup Noodle Museum

In the afternoon of July 22nd, the CACCI delegation visited the Yokohama Cup Noodle Museum. During the visit, the CACCI delegation learned that The Museum is designed to provide the visitors the opportunity to gather the knowledge that inspires invention and discovery and find the creativity within themselves by seeing, touching, playing, eating, and having fun.

Through the museum’s many exhibits, one can learn about the creative thinking of Momofuku Ando, the founder of Nissin Food Products and inventor of Chicken Ramen, the world’s first instant ramen that revolutionized eating customs all over the world.

CACCI Presidential Delegation meets Japan CCI Chairman Akio Mimura

CACCI President Mr. Samir Modi led a 21-member delegation to Japan for a two-day Presidential visit from July 22 to July 23, 2019. The delegation was composed of chamber representatives from five CACCI member chambers – four from Bangladesh, two from Hong Kong, three from India, one from Japan, five from Pakistan, three from Taiwan – as well as three officers of the CACCI Secretariat. A complete list of the delegation members is attached as Annex 1.

Hosted and organized by the Japan Chamber of Commerce and Industry (JCCI), the two-day program included: (a) a meeting with the officers of the JCCI; (b) a visit to the Ministry of Economy, Trade and Industry (METI); and (d) a courtesy call on the Indian Ambassador to Japan. Visits to several places of interest in Tokyo were also arranged by JCCI for the delegates.

The Japan trip was the second Presidential visit that Mr. Modi undertook since he was elected as CACCI President in November 2018. He made his first Presidential visit to Wellington, New Zealand on May 7-8, 2019.

Meeting with JCCI Officers

The CACCI delegation’s first program was a meeting with key officers of Japan Chamber of Commerce and Industry at the new headquarters of the Chamber on July 22, 2019. The visitors were warmly received by JCCI Chairman and Nippon Steel Corporation Honorary Chairman Mr. Akio Mimura, and JCCI Advisor and Former Chairman of Marubeni Corporation and concurrently CACCI Vice President Mr. Teruo Asada. Joining Chairman Minura and Mr. Asada from the JCCI side were Mr. Hidefumi Kobayashi, General Manager, International Division; Mr. Takashi Matsukawa, Senior Project Manager, International Division; Mr. Kazuo Nishitani, Project General Manager, International Division; and Mr. Kazuto Sasaki, Project General Manager, International Division.

Chairman Mimura thanked Mr. Modi and his delegation for visiting the JCCI, and expressed his appreciation to CACCI for its important role in economic development in the region by encouraging cooperation among entrepreneurs and businessmen in CACCI member countries and establishing business networking and training of the business community. He assured the visitors of JCCI’s continued support to CACCI and its members in their efforts to extend their business ventures and take full advantage of business opportunities available not only in Japan but in the Asia-Pacific region as well.

Chairman Mimura made a brief introduction on JCCI and its activities, informing the delegation of the following, among others:

1. The JCCI is the largest among the three major business associations in Japan, the other two being the Japan Business Federation (Keidanren) and the Japan Association of Corporate Executives)
2. The JCCI is a network of comprehensive local economic organizations (some 515 local CCIs) made up of the representatives of some 1.25 million member businesses nationwide, including large and medium-sized corporations down to small firms and sole proprietors.
3. JCCI represents the local chambers by presenting their suggestions to the government and other bodies, and helping implement them. JCCI also plays an important role in the dissemination of information concerning government policies and programs, and the promotion of nationwide projects.
4. JCCI holds regular bilateral and multilateral economic conferences to further promote understanding and economic exchange between Japan and other countries, and we facilitate face-to-face meetings among business leaders from around the world. In addition to providing information on trade inquiries from abroad and introducing Japanese firms to foreign countries, JCCI dispatches staff to Japanese CCIs in Asia and elsewhere around the world and provide support to Japanese firms operating in those regions.
5. Working with the 515 local CCIs nationwide, JCCI submits policy recommendations to the government, political parties, and concerned agencies and organizations and lobby for public policies incorporating those ideas.
6. JCCI provides assistance for small-business human-resource and skills development, while at the same time seeking out and assisting dynamic and innovative small-business executives through its support for startups and management innovation, including r efforts to bring smaller businesses into the information age.

For his part, JCCI Special Advisor and CACCI Vice President Mr. Asada informed the delegates the following:

1. As former Chairman of the general trading company “Marubeni Corporation”, he is engaged in discussing issues for member companies to expand overseas in JCCI and chairs the bilateral economic committees to promote private economic exchange with Asian countries such as the Japan-Pakistan Business Co-operation Committee, the Japan-Bangladesh Committee for Commercial and Economic Co-operation and the Japan-Philippines Economic Cooperation Committee.
2. As Japan’s market is shrinking due to low birthrate and aging, the Japan Chamber of Commerce and Industry is contributing to infrastructure development and industry development in each country through such committee’s activities, thus supporting the overseas expansion of member companies.
3. He sees the interest of Japanese small and medium-sized enterprises (SMEs) into the Asia-Pacific region, where population growth and market expansion are remarkable, to be increasing in recent years.
4. He observed that with regard to consultations on overseas developments for local chambers of commerce and industry, the largest number is related to business in China, Southeast Asia, and Southwest Asia.
5. With the globalization of companies and progress of IT conversion, cross-regional businesses are increasing. For that reason, he said that the JCCI would like to work more closely with CACCI, which has been actively developing business since covering its global growth center since its establishment in 1966.

In response, Mr. Modi thanked Chairman Mimura and JCCI for receiving the CACCI delegation and for the Chamber’s continued strong support of CACCI and its activities since it was established in 1966.

Mr. Modi mentioned that JCCI has always played an active role in the Confederation, noting that since 1966 when CACCI was established, the Chamber – which was one of the founding members – has hosted a total of 11 CACCI Council Meetings and Conferences, including five times in Tokyo, twice in Osaka, and one each in Nagoya, Kobe, Fukuoka and Yokohama. He thanked JCCI for consistently sending representatives to the annual CACCI Conferences, as well as to the CACCI Planning Committee meetings held in preparation for the Conferences.

He expressed his hopes that JCCI, as one of the founding members of CACCI, will remain actively involved in the Confederation, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

In particular, Mr. Modi: (a) encouraged JCCI to take an active role in CACCI Product and Service Councils, particularly in the Young Entrepreneurs Group in Asia and the Pacific (YEGAP) through the continued participation of the Japan Young Entrepreneurs Group (Japan YEG), which in the past brought a big delegation to attend the CACCI Conferences and organized special activities during the event; (b) invited Japan YEG to participate in the 4^th ASEAN Young Entrepreneurs Carnival to be held in Bangkok in November; and (c) invited JCCI to participate in future CACCI Presidential visits – such as the one to the Philippines scheduled to take place on October 13-14, to be hosted by the Philippine Chamber of Commerce and Industry at the same time as the Philippine Business Conference and Expo.

Lastly, Mr. Modi expressed his hopes that JCCI could host another CACCI Conference in the near future, given that the last Conference hosted by the Chamber was held 10 years ago in 2009 in Yokohama.

During the Q&A session, Engr. Daroo Khan, President of FPCCI and Mr. Salauddin Yousuf from FBCCI took the opportunity to introduce their respective chambers and their activities, and called for more collaboration between and among their members.

Lunch hosted by JCCI in Yokohama

After the meeting at JCCI, the delegation proceeded by bus to Yokohama, where they were hosted lunch by JCCI at the Bayside Restaurant located at the Washington Hotel Yokohama Sakuragicho. The Bayside restaurant provided the delegates a commanding view of Minato Mirai 21, a seaside urban area and the central business district of Yokohama.

President Samir Modi conducts successful visit to New Zealand

CACCI President Mr. Samir Modi and his nine-member delegation composed of businessmen and chamber officers from five Asian countries were warmly received by the officers and members of the Wellington Chamber of Commerce during their visit to Wellington, New Zealand on May 7-8, 2019.

The CACCI delegation led by Mr. Samir Modi with Minister of Economic Development Hon. David Parker (3rd from left, left photo) and with Wellington Mayor Mr. Justin Lester (center, right photo) The New Zealand visit was significant as it was the first CACCI Presidential visit led by Mr. Modi since he assumed the CACCI Presidency in November last year. It also served as a valuable occasion for the CACCI delegation to meet with local businessmen and various government officials to exchange views on trade and investment issues as well as identify areas in New Zealand where CACCI members may consider investing. 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.

As a result of the delegation’s various meetings, the CACCI Presidential visit to Wellington succeeded in generating awareness about CACCI and its activities among key administrative officials and the local companies in the capital city of New Zealand.

HIGHILIGHTS OF THE VISIT

DAY ONE: May 7, 2019

A. Visit to Pertronic Industries Ltd.

The first program for Day One was a visit to Pertronic Industries, Ltd., a company that has been designing, manufacturing and delivering mostly custom-made, fully compliant, high quality automatic fire detection since 1986. The delegation was accompanied by Mr. John Milford, Chief Executive of the Wellington Chamber of Commerce (WCC), and Mr. Josh Tan, Policy and International Relations Advisor at WCC.

On the way to Pertronic Industries Ltd., Mr. Milford – assisted by Mr. Tan – provided the delegation with some information about the Wellington and the New Zealand economies, highlighting major economic sectors and industries and possible areas for trade and Investments.

At the Pertronic Industries, the delegation was received by the company officers led by Mr. David Percy, Managing Director, who then gave a presentation on the operations of the company. The CACCI visitors learned, among others, that:

(a) The company’s manufacturing operation is designed around the flexibility of its modular product system and its vast range of options and peripherals, and that each Pertronic fire alarm control panel is built to a specific customer specification, which often calls for a unique set of optional components.

(b) The company invests a substantial part of its annual profits in continual innovation and improvement and that its research and development activities are guided by an awareness of the critical role of fire detection and alarm systems in safeguarding personnel, protecting property, and maintaining operational continuity. Its research and development process is designed to discover exactly how and why its customers need specific solutions that go above and beyond the capabilities of today’s fire systems.

(c) The company’s support and training services cover the entire system life-cycle, including tendering, design, implementation, commissioning, operation, maintenance, and upgrading.

(d) The company’s sales, distribution, and service network includes offices in Auckland, Wellington, Adelaide, Brisbane, Melbourne, Perth, and Sydney, together with distributors covering South-East Asia, the Western Pacific, and the Americas.

Following the presentation, the delegates were given a tour of the company’s facilities covering the various aspects of its operations.

B. Lunch at Wellington Chamber of Commerce

After the visit to Pertronic Industries, the CACCI visitors returned to the Wellington Chamber of Commerce office for lunch hosted by the Chamber.

In addition to Mr. Milford and Mr. Tan, the group was joined at lunch by Ms. Tracey Farrelly, General Manager of WCC; and Ms. Catherine Beard, Executive Director, Manufacturing and Export, at the Business New Zealand).

C. Meeting with the Indian High Commissioner

The CACCI visitors then proceeded to the Office of the Indian High Commission to make a courtesy call on Sanjiv Kohli, High Commissioner of India to New Zealand along with his colleagues.

The discussion between the two sides focused on the current state of economic relationships between New Zealand and India, highlighting some of the areas and activities in which Indian businessmen are engaged, particularly agriculture and construction products. Among others, the CACCI visitors were informed that:

(a) Bilateral relation between New Zealand and India has good potential

(b) There are currently 35,000 Indian students in New Zealand, representing 4-7% of the population, and that there are 40,000 Indians in Wellington itself.

(c) New Zealand offers many untapped opportunities for Indian businessmen, on account of the country’s relatively low cost of labor, innovative mindset (including in energy related sectors), and its reputation as a center of excellence.

(d) Lack of talent, however, poses a challenge for many industries and businessmen

Mr. Modi took the opportunity to introduce to the Indian High Commissioner his company and the business activities he is engaged in, and cited some of the areas that he is looking at in New Zealand for possible investments.

D. Meeting with Hon. David Parker

The next activity of the CACCI delegation was a meeting with Hon. David Parker, who holds several portfolio, including the following: Attorney-General; Minister of Economic Development; Minister for the Environment; Minister for Trade and Growth; and Associate Minister of Finance.

Mr. Modi thanked Minister Parker for receiving the delegation, and proceeded to brief him about CACCI, the geographical scope of its membership, its objectives and its activities to achieve these objectives. Among others, Mr. Modi informed the Minister that:

(a) It was his first time to visit Wellington, and based on what he had seen so far, the city and the country itself offer many business opportunities which he and members of the CACCI delegation hoped to further explore.

(b) The New Zealand Chamber of Commerce and Industry, through the Wellington Chamber of Commerce, has been an active member of CACCI and has done a good job at strengthening relations between New Zealand and the CACCI member countries.

(c) The size of the visiting delegation would have been bigger – some 45 in total – if not for the fact that many of the other members who wanted to join – mainly from Bangladesh and Pakistan – were unable to get their visa applications approved on time.

Minister Parker thanked Mr. Modi and the CACCI delegation for visiting Wellington. He pointed out a number of points to the delegation, including the following, among others:

(a) He underscored the importance of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – which is the trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam – in addressing the issues of digitalization and the rise of nationalist/protectionist sentiments in many major economies.

(b) He said that New Zealand is worried about the undermining of international rule of law relating to trade as a result of the growing nationalism and protectionism in some countries, adding that the World Trade Organization has been too slow to update its rules to reflect market developments. New Zealand is worried about the impasse in the WTO, he remarked.

(c) The Minister said he foresees the continuing rise of China over the long-term

(d) He also noted that the Regional Comprehensive Economic Partnership (RCEP) – which is a proposed free trade agreement the ten ASEAN member states and the six Asia-Pacific states with which ASEAN has existing free trade agreements (Australia, China, India, Japan, South Korea, and New Zealand) – presents commercial opportunities for CACCI member countries in New Zealand as the country is open to movement of goods. Mr. John Milford supplemented the statement of the Minister by mentioning that during the recently held Regional Australia-Asia Chambers Forum held in Darwin on May 2-3, the “Look North” policy of Australia was underscored, providing business-to-business and investment opportunities for both Australia and Asian countries

(e) The Minister also cited the ease of doing business in New Zealand – ranking first in the world in this category – as well as its reputation as free of corruption, makes the country as an in ideal destination for trade and investment and for setting up business.

E. Meeting and Dinner with the NZCCI Management Team and Wellington Chamber of Commerce Officers.

The CACCI delegation then proceeded to the dinner hosted by the Wellington Chamber of Commerce at the Dockside Restaurant, where they were joined by the officers of the New Zealand Chamber of Commerce and Industry (NZCCI), including the following: Mr. Michael Barnett, NZCCI Chairman and Chief Executive of Auckland Chamber of Commerce; Ms. Leeann Watson, Chief Executive of Canterbury Chamber of Commerce; and Mr. Ged Casey, Chairman of the Eastern Bay Chamber of Commerce.

Also attending the dinner from the Wellington Chamber of Commerce side were Mr. John Milford, Mr. Brent Callaghan, Mr. Josh Tan, Ms. Tracey Farrelly, Ms. Emily Lake and Ms. Carole O’Connor.

The dinner served as occasion for the CACCI visitors and the hosts to know more about each other’s activities and about their respective Chambers, and to further strengthen their networking and professional relationships.

DAY 2: May 8, 2019

F. Visit to the Victoria University of Wellington

The second day began with a visit to the Victoria University of Wellington, where the delegation was warmly received by high-ranking university officials, including the following:

(a) Mr. Neil Paviour-Smith, Chancellor

(b) Mr. Grant Guilford, Vice Chancellor

(c) Dr. Alan Bollard, Chair for Pacific Region Business, School of Government

(d) Professor Siah Hwee Ang, Chai in Business in Asia, School of Marketing and International Business, Victoria Business School

From the presentations made by Chancellor Paviour-Smith and his colleagues, the CACCI visitors learned the following, among others:

(a) The University, originally known as Victoria College, was founded in 1897. This was the year of Queen Victoria’s Diamond Jubilee celebrations.

(b) Victoria University is characterised by the depth, consistency and effectiveness of its culture of domestic and international engagement. Its commitment to reciprocal, high quality relationships springs from identifying and understanding the need for New Zealand to achieve sustainable development.

(c) Victoria University has developed close ties with a wide range of businesses and government organisations, and several recent initiatives are aimed at improving the University’s engagement with industry.

(d) Victoria University’s historic strength in public policy has been fully demonstrated by substantial contributions to major government projects, and entrepreneurship education is an emerging strength on which it intends to build. Victoria University also gives high priority to engagement with Māori and Pacific communities.

(e) Victoria University aims to produce graduates whose learning has been developed inside and outside of the classroom, experientially, and informed by a global perspective.

(f) Victoria University’s strategic plan outlines eight areas in which it has distinctive capability. These areas of strength are multidisciplinary and draw upon its position as New Zealand’s globally ranked capital city university, namely, better government, creative capital, Asia-Pacific trading nation, sustainability and resilience, national culture, health and well-being, digital futures, and high-value manufacturing.

The delegation was also informed about the Viclink, which is Victoria University of Wellington’s commercialisation office, and is a wholly owned subsidiary of the university. The visitors were informed that:

(a) VicLink’s role is to add value to the University by helping researchers transform their discoveries into products or services that have real benefit to society. Viclink can help test, protect and develop an idea, optimising its chances of success, before launching it into the world where it can do the most good.

(b) Viclink translates Victoria University’s research and knowledge into sustainable economic growth for the region. We work closely with university researchers to support them in commercialising their inventions, and maximising the impact from their research. We assist with securing funding and investment, and developing the partnerships with industry necessary to take these ideas forward.

(c) Using researcher’s knowledge and expertise, VicLink deliver sustainable social and economic development projects in the Asia-Pacific.

(d) VicLink supports and stimulates entrepreneurship across the university, whether it be starting a new commercial service activity, a new business, or enterprise skill development in staff and students.

Following the presentations, Mr. Samir Modi inquired about some of the funding requirements of the projects of VicLink, and areas that may need investments from foreign investors.

Questions were also asked on how the University is coordinating with the private sector, the industries, the businessmen and the government in addressing the challenge of lack of talent in New Zealand to meet the requirements of the growing economy. It was mentioned that the University is constantly holding dialogues with government and the private sector on how the university program can help mitigate the problem of lack of talent.

Mr. John Milford suggested the possibility of inviting a representative from the University to make a presentation during the 33rd CACCI Conference about the educational program of the University. The Chancellor welcomed the idea and expressed his hopes of the university’s participation in the Conference and take the opportunity to discuss with CACCI members from other countries on the University’s program.

G. Meeting and Lunch with the Mayor and Councilors of Wellington City Council

Following the visit to the Victoria University of Wellington, the CACCI visitors moved to the Wellington City Council where they were hosted for lunch by the officials of the City Council led by Mr. Justin Lester, Mayor of Wellington, and Ms. Jill Day, Deputy Mayor of Wellington.

During the occasion, Mayor Lester informed the delegation about the various programs of the City Council to make Wellington a liveable city convenient and comfortable for its residents, as well as making it an attractive destination for investments and ideal and profitable place for business. Among others, he pointed out the following:

(a) Wellington is the capital city and second most populous urban area of New Zealand, with 418,500 residents. It is the major population centre of the southern North Island, and is the administrative centre of the Wellington Region. Considered the world’s southernmost capital of a sovereign state, Wellington features a temperate maritime climate, and is the world’s windiest city by average wind speed.

(b) Wellington is home to several of the largest and oldest cultural institutions in the nation such as the National Archives, the National Library, the Museum of New Zealand Te Papa Tongarewa, and numerous theaters.

(c) Wellington’s economy is primarily service-based, with an emphasis on finance, business services, and government. It is the centre of New Zealand’s film and special effects industries, and increasingly a hub for information technology and innovation, with two public research universities. Wellington is one of New Zealand’s chief seaports and serves both domestic and international shipping. The city is served by Wellington International Airport, the third busiest airport in the country.

(d) For the APEC meetings scheduled to be hosted by New Zealand in 2021, some of the side meetings will be held in Wellington instead of Auckland, where most of the other events will be held.

H. Visit to Te Papa Museum

After the lunch at the Wellington City Council, the delegation proceeded to the Te Papa Museum where they had a complimentary guided tour of some of the points of interest in the Museum.

The Museum of New Zealand Te Papa Tongarewa is New Zealand’s national museum. Known as Te Papa, or ‘Our Place’, it opened in 1998 after the merging of the National Museum and the National Art Gallery. More than 1.5 million people visit every year.

Te Papa Tongarewa translates literally to ‘Container of Treasures’. Te Papa’s philosophy emphasises the living face behind its cultural treasures, many of which retain deep ancestral links to the indigenous Maori people. The Museum recognises the partnership that was created by the signing of the Treaty of Waitangi, te Tiriti o Waitangi, in 1840.

I. Meeting with Officers of Business New Zealand and Wellington Chamber of Commerce

From the Te Papa Museum, the CACCI delegation moved to the Wellington Chamber of Commerce headquarters where they met with officers of the WCC and the Business New Zealand, including the following (in addition to Mr. Milford and Mr. Tan):

(a) Ms. Jo Healey, President of Wellington Chamber of Commerce

(b) Mr. Kirk Hope, CEO of Business New Zealand

(c) Ms. Catherine Beard, Business NZ Executive Director, Manufacturing and Export

(d) Mr. Sam McKinnon, ExportNZ Policy Advisor

The hosts explained to the delegates the relationship between Business New Zealand, Export New Zealand, and Wellington Chamber of Commerce. They informed the CACCI visitors that:

(a) Business New Zealand advocates for enterprise and promotes the voice of thousands of businesses across New Zealand by working for positive change through new thinking, productivity and innovation. Its unique strength lies in its capability to engage with government officials, community groups, MPs and Ministers on a daily basis, ensuring business interests are represented throughout the policy making process.

(b) The BusinessNZ family has its roots in four large regional organisations of member businesses that together cover the entire country. EMA, Business Central, Canterbury Employers’ Chamber of Commerce and Otago-Southland Employers Association have been serving their member businesses for over a hundred years with legal advice, human resources and other services. This regional presence is the strength behind BusinessNZ’s advocacy on behalf of all New Zealand business.

(c) Export New Zealand is a division of Business NZ. ExportNZ’s key objectives are to: provide effective advocacy and lobbying on behalf of exporters; inspire New Zealand firms to engage in exporting to expand their business horizons and grow internationally; and provide practical support programmes and networking events to help firms achieve these goals.

(d) The Wellington Chamber of Commerce was formed by a group of local business professionals in 1996 to focus on what makes Wellington unique from surrounding communities by emphasizing the differences, to bring a competitive advantage to Wellington merchants, and to protect those differences for all residents. In fact, it was a return to the idea that chambers of commerce best serve their communities when they are local and when they do not try to be all things to all people. It was also felt that local chambers must look to the betterment of their communities in all facets of community life and not just the business aspect of the communities.

The hosts discussed the activities of their respective organizations, particularly their roles in promoting the economic growth and development of New Zealand. They also cited some of the growth sectors of the country’s economy, such as the small-scale manufacturing of non-food items that are top-quality and premium products; film industry, gaming, incubators, data processing, and IT.

They likewise mentioned that the SMEs in the country does not have much capital and would therefore welcome the opportunity to partner with overseas companies. In response, Mr. Modi informed them that CACCI, given the geographical scope of its membership, would provide as a good platform for collaboration between New Zealand SMEs and potential investors from the CACCI countries.

Mr. Modi took the opportunity to invite the chamber officers to attend the 33rd CACCI Conference which is now tentatively scheduled to take place in Japan either in late October or November. Their presence will provide them the opportunity to network with CACCI members and explore possible business collaboration.

J. Side Activities

Some of the delegates had the opportunity to visit the Weta Workshop. Weta Workshop is a special effects and prop company based in Miramar, New Zealand, producing effects for television and film. Founded in 1987 by Richard Taylor and Tania Rodger as RT Effects, Weta Workshop has produced creatures and makeup effects for the TV series Hercules:

The Legendary Journeys and Xena: Warrior Princess and effects for films such as Meet the Feebies and Heavenly Creatures. A digital division, Weta Workshop’s output came to worldwide prominence with director Peter Jackson’s film trilogy The Lord of the Rings, producing sets, costumes, armour, weapons, creatures and miniatures. It supported the creation of Reclaiming the Blade (2009), a documentary film on stage combat, historical European and Asian swordsmanship. The company name comes from the weta, “New Zealand’s coolest little monster, a bizarre and prickly prehistoric cricket”

K. Delegation

The members of the delegation included the following:

Head of Delegation: Mr. Samir Modi, President, CACCI and Member of Executive Committee, FICCI

Australia
Mr. Peter McMullin, Vice President, CACCI and Chairman, McMullin Group of Companies

Hong Kong
Ms. Lee Wai Yan Cezarine, Director, Gainex Trading Ltd. and Member, Kowloon Chamber of Commerce
Ms. Lee Wai Na, Weena, Partner, Xie Wei Jun Law Firm and Member, Kowloon Chamber of Commerce

India
Ms. Aneesha Duggal, Senior Manager Godfrey Phillips (I) Ltd.

Taiwan
Mr. Charles Chih-Han Cheng, Specialist, Chinese International Economic Cooperation Association (CIECA)

CACCI Secretariat
Mr. Ernest Lin, Director-General
Mr. Amador Honrado, Jr., Deputy Director-General
Ms. Wendy Yang, Senior Officer

CACCI President delivers keynote address in Darwin

CACCI President Mr. Samir Modi delivered a Keynote Address at the recently concluded Regional Australia-Asia Chambers Forum that took place on May 2-3, 2019 in Darwin, Australia.

Organized by the Chamber of Commerce Northern Territory, which is an Affiliate Member of CACCI, the Forum was held at the SkyCity Hotel Casino. The two-day event gathered together senior representatives from chambers of commerce within Australia and across the Asian region to discuss key issues facing the growth of business in the Asian region.

In his speech, Mr. Modi pointed out that the Asia-Pacific region serves as one of the most promising regions in the current times consisting of some of the world’s most vibrant economies. The world is eyeing this region in the times of global slowdown as it offers tremendous opportunities for trade and investment and creating global value chains for manufacturing, he noted, adding that globally, the Asia Pacific region remains the most important destination and source of FDI.

Mr. Modi stated that he Asia-Pacific region continues to be the world leader in growth. Growth in Asia is forecasted at 5.6 percent in 2019, while inflation is projected to be subdued and that despite volatile capital flows, Asian financial markets have been resilient, reflecting strong fundamentals, he said.

“We meet at a time of profound and complex changes in the international landscape. World economic growth has remained in the positive territory, yet it has been weighed down by factors such as sluggish international trade and investment, and rising protectionism.

“According to the 2018 UNESCAP report, trade tensions between the United States and China are expected to lead to a significant trade slowdown in 2019.

“However, on the other hand, these tensions are prompting Asia-Pacific economies to become closer. Opportunities are also arising from the redirection of trade and production in the global value chain.”

He identified these opportunities to include the following:

1. Vietnam has a high potential to become the new assembly centre.
2. Indonesia’s relatively high opportunity index is driven by its manufacturing sectors and raw material exports.
3. Japan and the Republic of Korea are driven by their competitiveness in hi-tech electronics, concentrated in the electrical and optical equipment sector.
4. Education and Energy could be driven by Australia.
5. The positive services trade performance will continue to be driven mainly by China and India.

Mr. Modi further noted that the global economy is becoming increasingly digitalised, and some of the emerging technologies have the potential to be truly transformative, even as they pose new challenges. He pointed out that Asia is already a leader in many aspects of the digital revolution, but to remain at the cutting edge and reap the full benefits from technological advances, policy responses will be needed in many areas, including artificial intelligence, information and communication technology, trade, labor markets, and education.

“I feel that the importance of business networking to encourage greater interaction among individual businessmen and business communities in the Asia-Pacific will play a very significant role as we go forward. We will need to do more Activities in this regard have included the exchange of trade delegations, participation in trade fairs such as this Exhibition, the exchange of trade data information, and performing business inquiry services and trade matching activities.

“I feel there is a strong necessity for establishing an effective and strong network between SMEs and large corporations, as well as between the government and the business sector to facilitate a better regulatory environment among countries in the region and to set a forum for sufficient dialogue on policy matters.

“We all have a shared future just like passengers sitting on the same boat. 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 peace, stability, development and prosperity in Asia and the world.

“With a few bruises here and there, we have so far made this Asian miracle possible due to the security and stability of our region. Looking ahead, we must deepen strategic mutual trust and work toward the vision of common, comprehensive, cooperative and sustainable security for Asia.

We must continue to follow the Asian way of mutual respect, consensus-building and accommodating the comfort levels of all parties and properly handle regional hotspots and resolve disputes through negotiation and consultation. Common efforts in these areas will help preserve the sound momentum of peace and development in Asia.

“We all have our own comparative strengths and our economies are highly complementary. Greater openness and deeper cooperation within the region will be crucial for the sustained fast growth of Asian economies. Deeper regional integration under the current circumstances can help us better leverage our comparative strengths.

“We need to jointly break new ground in innovation-driven development. After years of fairly fast growth, Asian countries now face the challenge of shifting from old drivers of growth to new ones, and we must rely on innovation to foster the latter. As the new round of global technological revolution and industrial transformation unfolds, we must seize the opportunities, tap into our advantages in human capital and market potential to intensify cooperation on innovation and accelerate the upgrading of traditional industries and growth of emerging industries. We need to make our business environment open, fair, transparent and predictable, clear the way for the unimpeded flow of factors of innovation, and share innovation resources and outcomes, setting the stage for the steady progress of Asia’s innovation-driven development.

“What is also needed is a new plan to respond to the expectations of industry and sustain momentum and aim to enhance the start-up ecosystem, high growth in social media and e-commerce.

“In fact, as the CACCI President, one area that I wish to strengthen during my tenure is greater involvement of Industry in CACCI activities and conferences. This would certainly help us in better serving the member chambers of CACCI and addressing relevant economic issues in the Asia Pacific region. High level interactions along with policy advocacy on important issues would continue to be an important element.”

Mr. Modi took the opportunity to invite all Forum attendees to join him in the future delegations of CACCI. “This will give each one of you the opportunity to gather first-hand information on the business situation in the country where we are going. Engage and build relationships with key government officials and meet leading businessman in the country, particularly those from industries or sectors that you wish to know, promote or do business with. These delegations have helped me tremendously and I am sure that they will help you, too.”

He also invited the officers and members of the Chamber of Commerce Northern Territory and other local businessmen in Australia to attend the upcoming 33rd CACCI Conference to be held later this year.

CACCI President Samir Modi chairs CACCI Meeting in Colombo

Colombo – CACCI President Samir Modi chaired the meeting of the CACCI Planning Committee on March 25, 2019 in Colombo, Sri Lanka. Hosted by The Ceylon Chamber of Commerce (CCC) at the Shangri-la Hotel Colombo, the meeting was attended by CCC officers led by Chairman Mr. Rajendra Theagarajah and CACCI Primary Members’ representatives from Bangladesh, Hong Kong, Japan, the Philippines, Taiwan and Turkey. Discussions focused on preparations for the 33rd CACCI Conference to be held in September in Colombo.

CACCI President congratulates Ceylon CCI

Colombo – CACCI President Mr. Samir Modi presents a memento to The Ceylon Chamber of Commerce Chairman Mr. Rajendra Theagarajah during the ceremonies held at the CCC headquarters in Colombo to commemorate the 180th Anniversary of the Chamber on March 25 2019.

This second photo shows CACCI President Samir Modi joining other officers and board members of CCC in the symbolic cutting of the ceremonial cake.

Samir Modi visits Colombo Stock Exchange

Colombo – CACCI President Samir Modi joins the officers and board members of the Ceylon Chamber of Commerce led by Chairman Mr. Rajendra Thegarajah during the ringing of the bell at the Colombo Stock Exchange on March 25 to mark the official start of trading. The bell ringing was one of the activities undertaken by CCC to commemorate its 180th anniversary. Other CACCI members who were in Colombo to attend the CACCI Planning Committee Meeting held later on that day were also invited.

CACCI President Modi to deliver keynote speech in Darwin Forum on May 2 – CACCI members invited to join

Darwin – CACCI is pleased to convey to members the invitation from The Chamber of Commerce Northern Territory, an Affiliate Member of CACCI, to attend the Regional Australia-Asia Chambers Forum scheduled to take place on May 2-3 , 2019 in Darwin, Australia.

To be held at the SKYCITY Hotel Casino, the two-day event is expected to attract senior representative’s from Chambers of Commerce within Australia and across the Asian Region including; Cambodia, China, Guam, Hong Kong, Indonesia, Japan, Malaysia, Philippines, PNG, Singapore, South Korea, Taiwan, Thailand, Timor Leste, and Vietnam, to discuss key issues facing the growth of business in our Region.

Topics in the preliminary program include:

• Economic Outlook for the Asia/Australia Region over the next 10 years
• Business Opportunities and Challenges for Regional Tourism Growth
• New Infrastructure and Supply Chain Developments in our Region
• Improving Regional Connectivity – including Transport and Communication links
• Strengthening Global Entrepreneurship across the Region
• Opportunities for strengthening regional business partnerships and networks

We wish to inform CACCI members that CACCI President Mr. Samir Modi has accepted the invitation to deliver a keynote address at the Forum and CACCI Secretariat encourages members to join him during his visit and participation in the forum.

Darwin has a population made up of people from more than 60 nationalities and 70 different ethnic backgrounds. The city’s multicultural mix is particularly highlighted by its many exciting ethnic cultural festivals and weekly food and craft markets. In business and industry circles, Darwin is described as Australia’s gateway with Asia. It is the main service centre for a wide range of industries headed by mining, offshore oil and gas production, pastoralism, tourism and tropical horticulture. The Port of Darwin is also the main outlet for Australia’s live cattle export trade into South East Asia.

For more details on the Forum and other relevant details (e.g., accommodation, registration, etc.), please visit www.regionalchambersforum.com.au. Should you have further questions, please write to cacci@cacci.biz.

CACCI Presidential visit to New Zealand on May 7-9, 2019 – Register now

Wellington – As part of his activities for 2019, CACCI President Mr. Samir Modi will make a Presidential visit to New Zealand on May 7-9, and is inviting CACCI members to join the delegation. To be hosted by the Wellington Chamber of Commerce (WCC), the New Zealand visit will be Mr. Modi’s first Presidential visit since assuming the CACCI presidency in November 2018 in Istanbul.

The CACCI Presidential visits are intended to give the CACCI President and members of his delegation 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 high-ranking government officials to seek support for CACCI; and meet the local businessmen, particularly those from industries or sectors that the host country wishes to promote.

For this year’s New Zealand visit, President Modi has requested the WCC to:

• Arrange a meeting with officers and members of the WCC so that the CACCI President can brief them on ongoing CACCI projects, discuss with them how the two organizations can cooperate with and support each in the implementation of these projects for the mutual benefit of their members, and explore possible areas where CACCI can supplement the WCC services to its constituencies.

• Set an appointment with relevant government officials of New Zealand to introduce CACCI to them and solicit their support in promoting our programs and activities;

• Arrange factory or company visits for President Modi and the accompanying delegation to enable them to explore possible areas of joint ventures or other forms of business cooperation.

The itinerary for the visit will be published, along with other relevant information (e.g., hotel accommodation), as soon as WCC has made the necessary arrangements. In the meantime, should CACCI members wish to meet with specific businessmen in New Zealand, visit specific local companies or organizations, or conduct specific activities during the trip, please inform the CACCI Secretariat so we can convey the requests to WCC for their consideration.  A brief economic profile about New Zealand can be downloaded HERE for your reference.

CACCI encourages its members to join President Modi on his visit to New Zealand, and avail yourself of the opportunity not only to establish contacts with key representatives from the private and government sectors of New Zealand, but also to learn first-hand the business conditions and opportunities available in the country.

Kindly confirm your participation by downloading Confirmation Form and returning it to CACCI Secretariat through the Fax No. (886 2) 2760 1139 or e-mail it at cacci@cacci.biz. Should you have further questions, please do not hesitate to email the CACCI Secretariat.

President Modi invited by Nepalese Government

Kathmandu – The Government of Nepal is organizing Nepal Investment Summit (NIS) on 29-30 March 2019 at Soaltee Crowne Plaza in Kathmandu and had the courtesy to invite CACCI President Samir Modi. The invitation is also extended to all CACCI members interested in exploring investment opportunities in Nepal. Here is the complete content of the missive.

President Modi visits Elite Secret Biotechnology Corp.

Taipei – CACCI President Samir Modi met with Dr. Tsai Chih-Hong (2nd from right), President of Elite Secret Biotechnology Corporation, during his recent visit to Taipei on January 14-17 to explore possible business opportunities with the Taiwan-based company.

Mr. Modi was accompanied by Ms. Aneesha Duggal, Senior Manager, Godfrey Phillips (India) Ltd. ((leftmost), and CACCI Director-General Mr. Ernest Lin (rightmost). Founded in 1972, Elite International Group makes high quality cosmetic and skin care products and has received recognition in the fields of medicine, biotechnology, cosmetics, beauty and health care.

CACCI President Modi visits Kavalan Distillery

Yilan – CACCI President Mr. Samir Modi was accompanied by CACCI Secretariat executives to visit the Kavalan Distillery, a Taiwanese whiskey distillery owned by the King Car Group. The distillery is located at Yuanshan Township, Yilan County, some one-and-a-half hour by car from Taipei. During the visit, Mr. Modi watched a video presentation on the history and activities of the King Car Group, followed by a tour of the Kavalan distillery.  Mr. Modi as informed that the distillery was named by Whisky Magazine as the World Icons of Whisky “Whisky Visitor Attraction of the Year” for 2011, and its products have won several other award.

CACCI President Modi meets with CNAIC Officers

Taipei –  CACCI President Mr. Samir Modi on January 15 met with key officers of the Chinese National Association of Industry and Commerce (CNAIC) led by Chairman Lin Por Fong. During the meeting, Mr. Modi was given an introduction on the history and activities of CNAIC and the important role it plays in promoting the Taiwanese business community not only in the local market but internationally as well. The CNAIC members attending the meeting also informed Mr. Modi of businesses they are engaged in and of their interest to enter into the Indian market. Mr. Modi assured them of the support of CACCI and his company to facilitate their efforts in this regard. He also expressed his intention to explore business cooperation with Taiwanese companies, particularly those engaged in products needed by Indian consumers. Following the meeting, CNAIC Chairman Mr. Lin hosted lunch for Mr. Modi and the other CNAIC officers.

President Modi calls on Foreign Affairs Vice Minister of the ROC

Taipei – CACCI President Calls on Vice Minister of Foreign Affairs of the ROC – CACCI President Mr. Samir Modi (4th from left, left photo) on January 14 made a courtesy call on key officials of the Ministry of Foreign Affairs Republic of China (Taiwan) led by Vice Minister Miguel Li-Jey Tsao (center) and Director-General of the Department of International Cooperation and Economic Affairs Ms. Phoebe Yeh ((4th from right). The two sides shared their perspectives on how CACCI, the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Modi Group can work with the Ministry and other relevant government agencies of Taiwan in the latter’s efforts to  improve the economic relations of Taiwan and India and create a policy environment that will further raise the level of two-way trade and investments between the two countries.

President Modi visits TIEA Officers

Taipei – President Modi Meets with Officers of New Affiliate Member – (top photo) CACCI President Mr. Samir Modi (2nd from left) exchanges views with the officers of Importers and Exporters Association of Taipei (IEAT) Vice Chairman Mr. James W. P. Lin (center) and Secretary-General Mr. Peter Huang (2nd from right) on areas where CACCI and TIEA can enhance their relationships, including participation in the CACCI Conferences in the activities of the various CACCI Product and Service Councils such as the Young Entrepreneurs Group of Asia-Pacific (YEGAP) and the CACCI Women Entrepreneurs Council (CWEC). Held during the January 14-16 visit of Mr. Modi to Taipei, the meeting was later followed by lunch hosted by IEAT. IEAT was formally admitted as the newest CACCI Affiliate Member during the 32nd CACCI Conference held in Istanbul in November 2018.

CACCI President Samir Modi visits Secretariat

Taipei –  Mr. Samir Modi, the new CACCI President, took time to meet with the staff of the CACCI Secretariat during his recent visit to Taipei on January 14-16, 2019. He was briefed by the Secretariat on his tentative schedule of activities for 2019, including the proposed Presidential visits to member chambers as well as his participation in regional and international meetings. Mr. Modi also discussed his plans to implement new programs aimed at further raising the profile of CACCI not only among member countries but internationally as well, and enhancing the value of the Confederation to members.

Message from CACCI President Samir Modi

My dear CACCI friends,

I wish to convey my sincerest gratitude to you and your Chamber for your support of my nomination as CACCI President for 2018-2020. I am indeed honored with the trust you have bestowed upon me and the Federation of Indian Chambers of Commerce and Industry (FICCI). It is a privilege to be heading the Confederation for the next two years and I look forward to working closely with you and your Chamber in promoting the interest of CACCI and the business community of the region as a whole.

I am confident that, with your continued support and cooperation, we will be able to accomplish a lot during the next two years. Please share with me your views on how CACCI as a regional organization can best serve its members. It is my hope that during my term, CACCI will continue to play a pivotal role in the further growth and development of bankers and the banking sector in the region.

During my Presidency, I hope to rely on you in our efforts to make CACCI an effective forum for advancing the cause of the business community and for promoting regional cooperation among our members. I believe we are in a position to do just that, given the vast and rich resources and expertise our membership can provide.

With your unwavering support and those of other members, we can look forward to more years of fostering greater cooperation and understanding among businessmen in the region.

Sincerely yours,

Samir Modi
CACCI President

New Year’s Message from the President

Samir Modi

My dear CACCI friends,

It is a great pleasure for me, as the newly-elected President of CACCI, to convey my New Year’s greetings to all members of CACCI. I sincerely hope that the coming year continues to bring prosperity to you personally, your businesses, and your families.

As we enter the year 2019, I hope that every member remains committed to the objectives of CACCI and to contribute to the further growth of the Confederation. We learned from our Istanbul Conference in November last year that we are now in a highly dynamic and volatile environment where we face fast-changing developments that require swift and sometimes bold action. I am confident, however, that CACCI, given its talents and resources, is up to the challenge.

As I embark on the first year of my Presidency, I would like to count on your continued strong support towards the fulfillment of the CACCI objectives. In particular, I look forward to your participation in the 33rd CACCI Conference to be held in Colombo, Sri Lanka in September 2019, as well in the Presidential visits to a number of CACCI Primary Members that I plan to undertake during the year.  Let us continue our dialogue among each other, with governments in the region, and with other regional and international organizations on how best we can help our region achieve an even more rapid and sustainable growth.

May you all have a Happy and Prosperous New Year!

Samir Modi
President, CACCI

Message from Immediate Past President Jemal Inaishvili

My dear CACCI friends,

I wish to express my sincerest appreciation to all CACCI officers and members for having helped me in performing my duties and responsibilities as CACCI President for 2014-2018.

Thank you very much for your kind support of the projects and programs that our Confederation has undertaken during my four-year tenure as President. Without your collaboration, the various activities that we set out to do at the start of my term would not have been achieved.

Your participation in the Presidential visits in several of our member countries has helped in our efforts not only to gain first-hand information on the trade and investment opportunities in the region but also to strengthen links with the business sectors and governments in the host countries. Your valuable inputs into our policy advocacy work have also enabled us to make significant contribution to the policy-making efforts of relevant regulatory bodies in the region. Through your support of our Professional Development Program, we have also been able to meet the training needs of our members and equip them with the necessary skills to remain competitive in a fast-changing market environment. Many of you have also played a role in the expansion of CACCI’s membership in terms of both the number of members and the geographical scope of membership.

Moving forward, I hope to continue counting on your cooperation to further raise the value of CACCI to our members. Thank you once again for all your assistance and cooperation, and I hope you will extend the same support to our new President Mr. Samir Modi and the other newly-elected CACCI officers.

I look forward to seeing all of you again in our 2019 Conference in Sri Lanka, as well as in other future CACCI activities.

Sincerely yours,

Jemal Inaishvili
Immediate Past President

Amb. Benedicto V. Yujuico, Rifat Hisarciklioglu, Jemal Inaishvili and K. K. Modi

Turkish economy is of great importance and its market is vast – CACCI’s Jemal Inaishvili

Istanbul – The Turkish economy is of great importance and its market is vast, were few of the key economic points expressed by the the immediate past CACCI President Jemal Inaishvili during the Opening Ceremony of the 32nd CACCI Conference on November 24, 2018 in Istanbul, Turkey.

In the presence of the Republic of Turkey’s Vice President, his Excellency Fuat Oktay, Honorable Minister of Trade Ruhsar Pekcan, TOBB President Rifat Hisarciklioglu, Deputy Director General of the World Trade Organization (WTO) Yi Xiaozhun, ambassadors of Asian nations, and numerous dignitaries and leading businessmen and industrialists convening from all over Asia Pacific in Istanbul, Mr. Inaishvili welcomed the hundreds of participants to the 32nd  CACCI Conference.

Mr. Inaishvili then expressed his sincerest gratitude and appreciation to the Union of Chambers and Commodity Exchanges of Turkey (TOBB), under the able leadership of President Rifat Hisarciklioglu, for hosting this year’s gathering of CACCI. This was the second time CACCI was holding its Conference in Istanbul, the first one being in 2011 – seven years ago.

Mr. Inaishvili considered that this year CACCI Conference hosted by TOBB was one of the most successful events ever held by CACCI in its over 50 years history, in terms of both the number of participants as well as the Conference’s agenda and discussions.

Moreover, the immediate Past CACCI President thanked the dozens of Conference speakers and session chairmen/moderators who came from many Asian countries and beyond to share their knowledge and expertise on issues of current concern to the Asian business community. In fact, the long and meticulous preparations throughout 2018 raised expectations that President Inaishvili expected the Conference would meet.

Mr. Inaishvili was pleased to return to Istanbul in the company of many CACCI members because Istanbul is a great city and Turkey is a great country, too. TOBB and other Turkish supporting organizations had maintained a resolute support of CACCI, its activities and ideals; and for that reason, Mr. Inaishvili strongly supported TOBB hosting of the Conference in 2018. Indeed, one of the Conference’s strategic objective was to strengthen links with Turkish colleagues and businessman, and to explore CACCI’s future role in the country’s (აქ თურქეთზეა ლაპარაკი) increasingly robust markets.

Returning to the economic themes of his Opening remarks, Mr. Inaishvili added that Turkey’s economy is of great importance in the region and indeed the world economy as a bridge between different regions, logistical point, as well as a cultural hub that connects peoples from all over the world. The CACCI President argued that “by choosing Istanbul as a host of our conference, we wanted to once again draw attention of our member countries and Asian businesses to this great country and its vast market and its enormous potential as a destination for private direct investments.”

The new globalization, Mr. Inaishvili warned, presents steep challenges for Asia. However, he was confident that, with effective leadership, the region is in a strong position to make the needed transition and capitalize on the new opportunities in digitalization of global business and the shift to services and domestic consumption.

Nevertheless, Mr. Inaishvili expressed his concerns about growing threats of imposition of trade barriers, political uncertainties, and domestic economic problems connected to currency fluctuations that have emerged recently.

He proposed that policies promoting growth of international trade and investments and more active public-private dialogue are among the solutions. Moreover, he added that CACCI Conference’s host country, Turkey, was an example of resilient economy because of its leadership and its very talented, hardworking and flexible business community.

This year’s 32nd CACCI Conference was focused on the theme “Asia: Expanding Boundaries” and aimed at providing the participants and invited speakers to share their views on measures that the business sector and governments in the region can undertake to address the challenges – and take full advantage of the current opportunities –  faced not just by markets in the Asia-Pacific region but by countries in other parts of the world as well,  thereby enabling them to grow and expand beyond the domestic borders and into the global market.

Samir Modi – New CACCI President

Istanbul – During the 90th CACCI Council Meeting at the 32nd CACCI Conference held in the Ciragan Palace Kempinsky on November 23-24, 2018, Samir Modi, was elected as the 23rd President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) for the 2018-2020 period.

Mr. Modi has been engaged for many years in CACCI activities and programs promoting the CACCI ideals of trade, economic development and business opportunities for businessman in the Asia Pacific region. Mr. Modi held for several years the position of Sr. Vice-President of CACCI during which he chaired Break-out sessions of many Product & Service Councils generally convened on the first day of the CACCI annual conferences in Kuala Lumpur (2014), Taipei (2015), Hong Kong (2016), Sydney (2017), and just recently Istanbul (2018.)

Mr. Modi has also joined many CACCI Presidential visits to regional capitals such as Ulaanbaatar, Hanoi, Sydney, Taipei, Kuala Lumpur, Tbilisi, Istanbul and many other where he has met leading businessmen and tycoons, Presidents of National Chambers of Commerce and Industry, as well as Prime Ministers, Presidents, Ministers and other high ranking political leaders to discuss business opportunities and promote economic development.

CACCI believes in Women Entrepreneurship

Jemal Inaishvili: CACCI Believes in Necessity to Develop Women Entrepreneurship for the Achievement of Economic Development

The following interview was published by the Mongolian National Chamber of Commerce and Industry (MNCCI) in their quarterly magazine, InvestPro Mongolia.

First of all, we thank you Mr. Inaishvili for giving an interview to our magazine, on behalf of colleagues of the MNCCI. Let’s talk about the policy and objectives of CACCI, and its current works on supporting entrepreneurs.

JI: Thank you for the opportunity to address your readers. The mission of CACCI is to provide a platform for promoting the vital role of businessmen in the region, increasing regional business interaction, and enhancing regional economic growth.

Our general objectives are: (1) promotion of a business environment that is favorable for creating more business opportunities, promotion of intra-regional trade and investments, and serving the interests of CACCI members; (2) bring CACCI at the forefront of making the voices of Asian businesses heard in the international economic arena, and (3) provide a forum for members to discuss issues, share their views and information and recommend solutions.

To achieve these objectives, CACCI regularly prepares position papers and policy statements articulating these issues and their recommendations which, with the approval of the CACCI Council, will then be submitted to the appropriate regional or international body for consideration.

Please tell us about expected results from the CACCI Conference in Ulaanbaatar and your visit to Mongolia?

JI: Presidential visits to the countries of our primary member chambers of commerce and industry are among the important tools for promoting our agenda. During such visits we convene meetings with Presidents, Prime Ministers, policymakers and leading business people of the region promoting the ideals of free trade and economic growth for the Asian people, as well as advocating policies for the benefits of our members.

During this visit we also expect to receive information about the current economic situation in the country, new opportunities for regional cooperation with regards trade and investments. This information will later be shared with all our member chambers.

What is your view about prospect of CACCI and MNCCI cooperation?

JI: MNCCI is very active and important member of the CACCI family. We have excellent relations, and prospects for cooperation between MNCCI and CACCI, as well as bilateral cooperation with other member chambers are very good. The fact that Mrs. Oyunchimeg Magvan, CEO of MNCCI, serves as CACCI vice president is a good affirmation of our good relations. And we are very happy that such a distinguished person as Mrs. Oyunchimeg is our colleague.

Mongolian companies and enterprises are just beginning to know about CACCI and its benefits. What are key advantages of joining CACCI? What is CACCI’s specific policy on promotion of businesses?

JI: Primary Members of the Confederation are national chambers of commerce and industry of respective countries. They represent countries’ businesses across all sectors.

In addition we have Affiliate Members that are sectoral associations and local chambers of commerce and industry.

Among the benefits that members can expect to derive from their participation in CACCI are policy advocacy, promotion of SMEs, wide scope of networking, participation in CACCI training programs, interaction in Product and Service Councils, access into a Network of Business Assistance Centers.

As to individual business people and enterprises, we have Lifetime Special Members. These are corporate or individual who lend support to CACCI’s objectives.

MNCCI closely cooperates with the CACCI divisions, especially CACCI Councils. Does CACCI plan to implement events or programs in Mongolia in the near future?

JI: Yes, of course. We will discuss future events with the leadership of MNCCI. I hope we will come up with a concrete plan. I know that many businesses are interested to establish ties with their Mongolian counterparts, there is wide-range of opportunities for cooperation and our role is to help promote such cooperation.

At this time around, I am very glad that in the framework of our visit, the “Discover Business Opportunities Through CACCI” conference will be held on September 5, which certainly contributes to the development of business cooperation in the region.

In your view, what is the most promising and beneficial industry that is potential to greatly contribute to the Mongolian economy? During the forthcoming conference, the Councils on agriculture and tourism are expected to give a report. Does it mean CACCI focuses on these fields?

JI: In general, mining and minerals extraction and exports are still the largest and most important sectors that greatly contribute to GDP. And recent developments indicate that the country is back on track in this regard and enjoys good outlook for the coming years.

On the other hand, as it is the situation in many countries of the transition economy, business diversification and SME development remain major goals for the sound economic development.

Investments in agriculture, food industry, tourism sectors will be very important for relatively quick results in reaching these goals. Such investments will also result in rapid growth in employment that will boost development of the service sector.

Large scale investments in infrastructure, including transportation, are equally important.

Recent times, the number of businesswomen in Mongolia is going up, hence they have been significantly contributing to the country’s society as well as budget. What policy and actions does CACCI keep to support and empower businesswomen?

JI: Given that nearly 50% of total population is female, CACCI believes that it is necessary to develop women entrepreneurship to achieve economic development of a nation. Many countries in the Asian region are in such position where the growth of women entrepreneurship has risen greatly over the past few years. Recognizing this development, CACCI has established the CACCI Women Entrepreneurs Council (CWEC) to provide members a forum to discuss challenges faced by women entrepreneurs in the region and what the private sector and governments, through programs and pro-active policy measures, can do to support women entrepreneurs and help them become important contributors to the country’s sustainable economic growth.

Could you give a brief about other member chambers of CACCI? Which countries are leaders among CACCI members in terms of policies and actions for business? Are there any useful models or cases for the MNCCI?

JI: In our confederation, we have member chambers from the most developed countries like Japan or Australia, from the powerful industrialized countries like Russia, Turkey, South Korea, India, from the developing countries like Bangladesh, Nepal and others. Hence these many chambers have different immediate objectives and different levels of capacities.

On the other hand, here are a lot of common goals like SME development, promotion of trade and investments, business advocacy on national, regional and international levels.

The role of our confederation is to facilitate the cooperation among member chambers through annual gatherings, networking events, exchange of information on the best practices etc.

We heard you had business connections with Mongolia, and you probably visited Mongolia several times before your term.

JI: I have been to Mongolia several times and fell in love with this country, particularly its rich history and magnificent nature.

I always try to make a personal contribution to the development of trade between our countries, and so I have helped with arranging a few contracts on export of Georgian green tea and Georgian wine to Mongolia. I have helped with some other deals as well.

As mentioned earlier, we will hold interesting business forum soon that will hopefully help Mongolian business people establish useful ties with their potential counterparts.

CACCI President receives Silk Road CIC’s Outstanding Leadership Award

Hunan – CACCI President Mr. Jemal Inaishvili and Vice President Mrs. Oyunchimeg Magvan received Outstanding Leadership Award from the Silk Road Chamber of International Commerce (SRCIC). The award was presented at the 2018 Silk Road Business Summit held on October 15 in Hunan Province, China.

Mr. Inaishvili currently serves as Honorary Chairman of the SRCIC. He is a member of the B20 International Business Advisory Council, the International Chamber of Commerce, World Chambers Federation General Council, as well as member of the Council of the Georgian Chamber of Commerce and Industry.

Mrs. Magvan is Vice Chairman of the SRCIC and Chief Executive Officer of Mongolian National Chamber of Commerce and Industry (MNCCI). She started her career with MNCCI in 1985, working as an expert officer. She took the positions from senior expert, deputy chief of the department of inspection for export and import goods, to head of foreign relations and cooperation department.

Both CACCI leaders received a golden camel trophy from Stjepan Mesic, former President of Croatia and SRCIC Senior Consultant.

Two other heads of CACCI Primary members received Outstanding Leadership and Outstanding Contribution Awards from SRCIC as well, namely, Mr. Said Sharif, Chairman of Tajikistan CCI and Mrs. Nino Chikovani, President of Georgia CCI, respectively.

Courtesy call on the Minister of Foreign Affairs of Mongolia

Ulaanbaatar – On September 7, 2018, CACCI President Jemal Inaishvili, Vice President Samir Modi and the CACCI Delegation rendered a courtesy call to the Ministry of Foreign Affairs of Mongolia where they were warmly welcomed by Foreign Affairs Minister H. E. Mr. Tsogtbaatar Damdin.

During the discussions, the Foreign Minister stressed that Mongolia has adopted an open-policy and economy-oriented environment that is conducive to the promotion of trade and commerce and confidence building. He said that new issues such as increased populism and protectionism in western countries, as well as security concerns, his government believes that ensuring economic prosperity also ensures security, adding that if there is economic inequality and disparity, there will be no peace.

He pointed out that Mongolia’s economy has been doing well over the last past years, with growth of between 6% and 8% annually, further noting that foreign exchange reserves and trade surplus have increased significantly, and unemployment going down to manageable levels. He invited the CACCI delegates to see more of Mongolia and identify business opportunities.

Mr. Inaishvili expressed appreciation to the Mongolian government and the country’s business community for its continued strong support of CACCI and its activities. He took the occasion to introduce CACCI, mentioning that it was established in 1966 to provide a platform for networking and cooperation among businessmen in the region and that CACCI’s current membership includes 29 national chambers of commerce and industry from 27 Asian countries and independent economies – including the MNCCI.

He pointed out that, given the geographical scope of its membership, CACCI will provide a good platform for Mongolia’s business sector and government to promote the Mongolia’s economy and the trade and investment opportunities in the country. He informed the Minister that since it joined as a Primary Member in 1997, the MNCCI has been one of the most active members of CACCI in its efforts to promote regional cooperation.

CACCI goes to Taiwan Family Mart Co. Ltd.

Taipei – During the 2-day busy schedule in Taipei, CACCI officers visited the headquarters of the Taiwan Family Mart Co. Ltd., where they were received by top officers of the company and served with various kinds of tea drinks produced and sold by the company in its various stores around Taiwan.

The visitors watched a video presentation on the history of the company, which showed that the Family Mart Convenience Store was introduced from Japan in August 1988, and that the first store was opened in the Taipei Main Station commercial district in December of that year. The video presentation highlighted some of the important milestones in the history of the company, until 2018 – the company’s 30th anniversary – when the first tech-approach concept store opened, making the staff’s job  easier with the aid of technology, and enhancing customer experience with more fun and better quality.

Mr. Samir Modi was also given the opportunity to make his own video presentation on how his family set up the first convenience store operations in India, with the initial assistance of the UniPresident of Taiwan through its 7-11 franchise, as well as it counterpart in the Philippines, and how they expanded their business into its current advanced stage.

Mr. Modi and the Family Mart officers discussed possible areas of cooperation between the two companies, with the Family Mart offering to go to India for further talks with Mr. Modi and his company’s stakeholders.

For his part, CACCI President Mr. Inaishvili asked about the possibility of selling Georgian wine in the Family Mart outlets around Taiwan, as he expects to come out with his first production of bottled wine in a year or so.

CACCI Officers meet with Importers & Exporters Association of Taipei (IEAT)

Taipei – During the September 3-4, 2018 visit to Taiwan, leading CACCI officers Jemal Inaishvili, Samir Modi, Ernest Lin and Amador Honrado met with the Importers and Exporters Association of Taipei (IEAT), where they were received by key executives of the Association led by its Secretary General Mr. Peter Huang.

A video presentation on the history and activities of IEAT was made, from which the CACCI visitors learned the following, among others:

Established in 1947, the IEAT represents businesses engaged in import-export trade. With some 5,700 members, IEAT is the largest importers and exporters association as well as one of the most influential private chambers of commerce in Taiwan.

The IEAT provides comprehensive services to members which can be classified in to the following five areas:

(1) Enhancing Members’ Right and Benefits – Twenty-two sub-committees work on industry-specific issues and eight working groups on specialized topics to examine relevant rules and regulations, and keep watch on market developments

(2) Furthering Foreign Trade – To forge global links, the IEAT reached cooperative agreements with more than 80 business groups and sister organizations in some 30 countries, and signed MOUs with more than 30 entities in mainland China. It conducts exchange with foreign business delegations, arranges for match meetings and hold talks on emerging markets. Every year, it organizes delegations to take part in trade fairs at home and abroad, as well as conducts study tours and procurement trips to emerging markets.

(3) Strategic Alliance and Collaboration – The IEAT encourages its members to foster exchange and cooperation both within and across industries. It sets up strategic collaboration with counterpart organizations as well as business and research agencies.

(4) Comprehensive Information Resources – The IEAT provides information and electronic resources, which include the Trade Magazine, and business publications.

(5) Developing Trade Expertise – The IEAT nurtures talents for the trade sector. In 1979, the R.O.C. Trade Education Foundation was established, and expanded to the the International Trade Business School in 2014 to offer courses on trade-related subjects, professional certification and comprehensive training of international trade personnel.

The IEAT recognizes that, with the advent of globalization and the Cloud Era, cross-border E-commerce is to set to shape future trading patterns. Thus, the IEAT aims to integrate the resources of the industry, the academia and the government for the development of a trade platform and e-commerce expertise to pave the way for global outreach and new business opportunities

Mr. Inaishvili and Mr. Modi thanked the IEAT officers for welcoming them to its headquarters and for introducing the activities of the Association in promoting trade between Taiwan and the rest of the world.

They informed the IEAT that, with its membership of 27 Asia-Pacific countries, CACCI can certainly serve as an effective vehicle for IEAT to achieve its objective of trade promotion. Mr. Inaishvili thereby invited IEAT to join CACCI under the category of Primary Member, given that its membership consists of the broad spectrum of industries from all over Taiwan.

The IEAT welcomed Mr. Inaishvili’s invitation to become a CACCI members, and expressed its intention to do so soonest. It also promised to consider the possibility of sending representatives to the 32nd CACCI Conference in November in Istanbul, during which – as suggested by Mr. Inaishvili – the IEAT can be formally admitted to the Confederation.

Dinner Hosted by CACCI

The day’s program concluded with a dinner hosted by CACCI Budget Commission Chairman Dr. Steve Hsieh. Also attending the dinner was former CACCI Director-General Amb. Victor C. Y. Tseng.

        Dr. Steve Hsieh

CACCI leaders visits TAITRA to promote trade & investment

Taipei – A CACCI delegation led by Jemal Inaishvili and CACCI Vice President Samir Modi visited Taiwan External Trade Development Council (TAITRA), where they were welcomed by its Chairman Mr. James C. F. Huang on September 3, 2018.

The delegates learned about TAITRA and its activities through a video presentation at the start of the meeting.  Among others, the delegates learned that:

(1) TAITRA, which was founded in 1970, is Taiwan’s foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations

(2) TAITRA assists enterprises to expand their global reach.

(3) Headquartered in Taipei, TAITRA has a team of 1,300 specialists and operates 5 local offices in Taoyuan, Hsinchu, Taichung, Tainan and Kaohsiung as well as 61 branches worldwide.

(4) Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

(5) TAITRA assists Taiwanese businesses in developing international market; collaborates closely with Taiwanese government in trade policy implementation; provides business consultation service and connect international firms with Taiwanese partners; and assumes the role of “Smart Integrator” by complement government policies, facilitating industry needs and developing new business opportunities around the world.

CACCI President Mr. Inaishvili thanked Chairman Huang for receiving the delegation and for making the presentation on the activities of TAITRA. He pointed out that one of the objectives of CACCI is to help promote trade and investments among its members from Asian countries, including Taiwan, which he said has much to offer to the other economies not only in the region but in other parts of the world as well, given the quality and variety of its products and services and availability of its advanced and state-of-the art production and manufacturing technologies.

Mr. Inaishvili invited Chairman Huang and his colleagues to attend the 32nd CACCI Conference on November 23-24, 2018 in Istanbul, and consider the possibility of setting up a both at the Conference venue to promote TAITRA and attract the delegates from other countries to visit Taiwan either as tourists or to explore business opportunities in the country. Chairman Huang thanked Mr. Inaishvili for the invitation and said that he will definitely consider sending representatives to the Istanbul Conference of CACCI.

MNCCI holds successful “Discover Business Opportunities through CACCI” International Conference

Ulaanbaatar – Within frameworks of a visit of Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), to Mongolia, the Mongolian National Chamber of Commerce and Industry (MNCCI) successfully organized the “Discover Business Opportunities through CACCI” international conference on September 7 in “Tuushin” hotel.

The conference brought together some 30 delegates of eight countries of Asia-Pacific region. Mr. B.Lkhagvajav, MNCCI President and Chairman of the Board, made the welcoming remarks, and opening remarks were made by Mr. Jemal Inaishvili, CACCI President, and Mr. Lu Jianzhong, Chairman of the Silk Road Chamber of International Commerce (SRCIC). Greetings from the Mongolian Prime Ministers were sounded to the audience by N.Enkhbayar, Chief Advisor to the PM.

The Plenary Session One was entitled “Discover Mongolia” and featured presentations on:

(1) Mongolian Economy and Foreign Trade Policy with Asia-Pacific Countries, delivered by Mr. G. Ulziisaikhan, Director of External Trade and Economic Cooperation Department, Ministry of Foreign Affairs

(2) The investment environment in Mongolia given by Mr. B. Tuguldur, Officer of the Registration, Information and Public Relations Department, National Development Agency of Mongolia

(3) Tourism Sector and Policy of Mongolia presented by S. Bayasgalan, Head of the Tourism Policy and Regulation Department, Ministry of Environment and Tourism; and

(4) Policy on Supporting SMEs and Potential Cooperation Sectors with Asia-Pacific Countries, delivered by O. Badamkhand, Chief Officer of SME Development Fund, Ministry of Food, Agriculture and Light Industry.

The Plenary Session Two featured a presentation by CACCI Director-General Mr. Amador Honrado on “The Role of Chambers of Commerce in Promoting Regional Trade and Investment Cooperation in the Asia-Pacific Region.” This was followed by a presentation by Mr. David Kiang, Chairman, Finance Committee of the Silk Road Chamber of International Commerce (SRCIC) introducing the activities and investment projects of SRCIC.

Talking about significance and outcomes of hosting the CACCI Conference, Mr. B.Lkhagvajav said, “We are hosting today a meeting between the two largest systems of Chambers of Commerce and Industry of Asia-Pacific countries. The first one is the CACCI President’s visit to Mongolia, and another one is participation of the SRCIC’s authorities in the Conference. Utilizing these mechanisms for an economic and business environment development of Mongolia is becoming a challenge for us. Over the past two decades, we had been only taking part in international measures and events. Now we are able to host such a big measure, which brings an advantage of development. Thus, our businesspeople and entrepreneurs have to benefit from it. That’s the importance of this event.“

Mr. Jemal Inaishvili, CACCI President, said, “We expect lots of outcomes from the Conference. My visit to Mongolia is continuing quite productively. I paid a courtesy call on the Mongolian President and Foreign Minister, and met investors and entrepreneurs of countries that attended the conference. They are really interested in investing potentials of Mongolia. The Mongolian President and government are focusing this matter too. Actions by the MNCCI to promote investment potentials are broadening opportunities to attract investments. I think Mongolia has huge potentials to accumulate investments.”

During the visit to Mongolia, the CACCI President was accompanied by the Confederation’s key officials Mr. Samir Modi, Senior Vice President, Mr. Ernest Lin, Director-General, Amador R. Honrado, Deputy Director-General. The visiting group also included Mr. Li Zhonghang, SRCIC Secretary-General, and Mr. David Kiang, Chairman of the Financial Committee of SRCIC.

Addressing the conference’s closing, Ms. Oyunchimeg, CEO of MNCCI and CACCI Vice President, underlined the two-day CACCI Presidential visit, Women Entrepreneurs Conference and the CACCI Conference were fruitful to contribute to the regional economic and business ties. She said MNCCI will pay great attention to next measures and meetings to be organized by the CACCI.

On the final day of the event, CACCI President, accompanying delegates and participants of the conference enjoyed a mini Naadam festival in the Terelj National Park, knowing more about the Mongolian culture and tradition.

Report courtesy of the Mongolian National Chamber of Commerce (MNCCI). See original report at https://www.mongolchamber.mn/en/newsDetail/1466

CACCI President meets with President of Mongolia

Ulaanbaatar – An international forum themed Broadening Business Cooperation through the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is taking place in Ulaanbaatar.

Today, President of Mongolia Khaltmaagiin Battulga received and discussed regional economic affairs with Jemal Inaishvili, CACCI President, other top officials of the Confederation, and representatives of the Silk Road Chamber of International Commerce (SRCIC), who are attending the forum.

President Battulga welcomed the guests into Mongolia and expressed his confidence that the business meetings being held in the margins of the visit of CACCI President Jemal Inaishvili to Mongolia will help businesses start mutually beneficial bilateral cooperation.

https://www.youtube.com/watch?v=6vRPdwWHdDw

Moreover, the President discussed the economic development in the Asia and the Pacific region and some sectors that can potentially diversify the Mongolian economy. In particular, President Battulga emphasized the excellent opportunities for starting and expanding business in agricultural, tourism, and high technological sectors, citing some benefits to business, such as the transit transport tariff discount from Russia and customs duty support from other countries.

The delegates of the CACCI and the SRCIC thanked President Battulga for addressing wide range of matters about Mongolia and its characteristics, saying that his advice and experience will influence future cooperation positively.

The delegates also expressed their willingness to work toward short-term success in the sectors mentioned by President Battulga and to consider his proposal to reflect on the unique characteristics of Mongolia during the forum.

News report and photos courtesy of Office of President of Mongolia Khaltmaagiin Battulga. View the original report at https://president.mn/en/2018/09/06/meeting-with-jemal-inaishvili-president-of-the-confederation-of-asia-pacific-chambers-of-commerce-and-industry/

CACCI Presidential Delegation in Mongolia – Itinerary

Ulaanbaatar – Presently, CACCI President Jemal Inaishvili and Vice President Samir Modi are leading a delegation of businessman in Mongolia, where they are holding meetings with key government officials and important local business people. This is their itinerary:

5 September, 2018 (Wednesday)

Arrival of CACCI delegates to Mongolia, Ulaanbaatar

Venue: Chinggis Khaan International Airport

6 September, 2018 (Thursday)

Government Palace of Mongolia

09:20 Assemble at the Lobby of the Hotel

09:30 Departure for Parliament House

10:00 Courtesy call on H.E. President of Mongolia

Participants: VIP Guests only

Venue: Government place of Mongolia

11:00 Courtesy call on Prime Minister of Mongolia /tbc/

Participants: VIP Guests only

Venue: Government palace of Mongolia

10:30 Visit to International Intellectual Museum / for other guests/

Mongolia has a history of puzzle-crafting, and has created some of the world’s most difficult puzzles and chess sets. Shatar, a Mongolian version of chess, dates back to the middle ages, while more modern burr puzzles (made from interlocking pieces of wood) can be traced back throughout the 1900s.

Mongolia’s enigmatic history is honored at the International Intellectual Puzzle Mu-seum, or the IQ Museum for short. The museum displays rare and precious puzzles from around the world. Over 5,000 toys, puzzles, and games are on view, most of which visitors are invited to fiddle with.

08:00-18:00 Women’s Entrepreneurship Day

Venue: Mongolian National Chamber of Commerce and Industry

This all day program will give a great opportunity to learn from the global and domestic communities to meet the needs of women entrepreneurs today. Women entrepreneurs from a multitude of backgrounds across the global will discuss about the policies and programs of their governments to promote the women entrepreneurship in their respective countries. In order to establish and enhance the cooperation among the members of Council, the exhibition will take place to showcase all the products and services they offer.

12:30-14:00 Lunch

Venue: AsemVilla

14:30 Visit to the “Ulaanbaatar Partnership-2018” International Trade Fair

Venue: Misheel expo, Ulaanbaatar

Ulaanbaatar Partnership 2018 is an international Trade fair which is organized annually by MNCCI with collaboration of the Mayor Administration of Ulaanbaatar city. Ulaanbaatar Partnership is expected to attract more than 100 international exhibitors, and the purpose of the trade fair is to present commodityproducts and services of domestic and foreign enterprise promoting its business between interested parties.

16:30 Meeting with Minister of Foreign Affairs /tbc/

Venue: Ministry of Foreign Affairs of Mongolia

18:30-21:00 Welcome Dinner

Venue: Embassy Hotel

7 September, 2018 (Friday)

Best Western Premier Tuushin Hotel

08:15 Assemble at the Lobby of the Hotel

09:00-14:30 “Discover Business Opportunities through CACCI” Conference

Venue: Soyombo Hall, Best Western Premier Tuushin Hotel

This conference gives opportunities for CACCI delegates to obtain information on Economy, Trade and Investment environment in Mongolia as well as for the local entrepreneurs and organizations to learn more about CACCI and its activities.

The objective of the conference aims at increasing knowledge and generating awareness about CACCI among entrepreneurs of Mongolia and enhance the cooperation between Mongolia and Members of CACCI.

08:00-09:00 Registration

09:00-09:30 Opening Ceremony

– Welcoming  remarks by Mrs. Oyunchimeg Magvan, CEO of MNCCI

– Opening remarks by Mr. Jemal Inaishvili, President of CACC /tbc/

09:30-10:30 Plenary Session I:  Discover Mongolia

– Presentation on Foreign Trade and Economy of Mongolia by Ministry of Foreign Affairs of Mongolia

– Presentation on Investment Environment of Mongolia by National Development Agency of Mongolia /tbc/

– Presentation by Ministry of Environment and Tourism

– Presentation by Ministry of Food, Agriculture and Light Industry

10:30-10:50 Q&A

10:50-11:00 Group Photo Session

11:00-11:20 Coffee Break

11:20-12:15 Plenary Session II:  Discover Business Opportunities through CACCI

– “The Role of Chambers of Commerce in Promoting Regional Trade and Investment Cooperation in the Asia-Pacific Region “presentation by Mr. Amador Honrado, Deputy Director-General , CACCI

– Presentation on Introduction of Silk Road Chamber of International Commerce

– Question & Answer

12:15-12:30 Closing remarks

12:30-14:30 Networking Lunch and the Meeting with Representatives of MNCCI and CEO’s of the councils under MNCCI

Venue: Best Western Premier Tuushin Hotel

Chinggis Khaan Hotel

15:00-17:30 Post-Conference activity

Industrial visit to Gobi JSC Factory

Gobi Corporation is one of the five biggest Mongolian cashmere manufacturer, established in 1981. Gobi supplies 100 percent cashmere, camel wool and yak products to more than 30 countries around the world.

19:00 Gala Dinner

Venue: Khaan Ballroom, Chinggis Khaan Hotel

8 September, 2018 (Saturday)

09:00 Assemble at the Lobby of the Hotel

Sight Visit to Genghis Khan Equestrian Statue

Chinggis khan statue complex is located 54 km from Ulaanbaatar among beautiful natural scenery on the bank of river Tuul, in the place called “Tsonjin Boldog”, memorial place connected with historic events. The statue in total is 40m high from surface erected at about 10 m high foundation and surrounded by columns. Far sighted Chinggis Khaan holds a golden whip in his right hand.

Mini-Naadam Festival /Traditional Festival in Mongolia

Location: Gorkhi-Terelj National Park

Gorkhi-Terelj National Park is located 55km northeast of Ulaanbaatar, this popular national park is characterised by picturesque alpine scenery.

Genghis Khan Equestrian Statue

Gorkhi-Terelj National Park

9 September, 2018 (Sunday)

Departure of CACCI delegates from Chinggis Khaan International Airport

Asia-Pacific trade reps exchange business ideas with Taiwan food giant I-Mei

A delegation from the Confederation of Asia Pacific Chambers of Commerce and Industry visit Taiwan to meet with representatives of private enterprises and govt. officials 

By Teng Pei-ju, Taiwan News, Staff Reporter – 2018/09/03 16:03

I-Mei Foods Co. Chairman Henry Kao (right-third) and CEO Luis Ko (left-third) welcome CACCI President Jemal Inaishvili (left-fourth) and Vice President Samir Modi (By Taiwan News)

TAIPEI (Taiwan News) — A delegation of the largest trade and industry association in the Asia-Pacific visited Taiwan to promote business cooperation across the region. And the delegates took a tour Monday of one of the biggest food factories of the country.

The delegation of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) is in Taiwan until Sept. 5 to meet with representatives of private enterprises and officials of the Taiwanese government, before heading to Mongolia for a business conference.

Led by CACCI President Jemal Inaishvili and Vice President Samir Modi, the delegation visited the factory of I-Mei Foods Co. in Taoyuan on Monday morning, where the company’s chairman, Henry Kao (高志尚), received the guests in person like old friends.

The delegation first visited the exhibition center where a selection of I-Mei’s huge product range is showcased.

Particularly interested in the famous Taiwanese dessert, the pineapple cake, Inaishvili later exchanged ideas with Kao regarding how to make such cakes with other fruit available in Georgia, Inaishvili’s country of origin.

Kao also shared his experience in maintaining the values of the company that have been passed on for generations, while at the same time, launching new products that cater to the taste and preferences of modern customers.

I-Mei Foods Co. Chairman Henry Kao introduces the company’s products to the CACCI delegation (Taiwan News)

Following the visit of the exhibition center, Kao led the delegation to the company’s bakery, where fast-food chain McDonald’s muffins have been manufactured with the highest food-safety standards for decades.

CACCI President Jemal Inaishvili enjoys I-Mei’s muffin (Taiwan News)

Having enjoyed the freshly baked muffins, the delegates visited the company’s state-of-the-art in-house food safety laboratory and radiation laboratory. The I-Mei labs are responsible for safeguarding all the raw food materials, purchased either from local farmers or overseas producers, from contamination.

Kao emphasized that ensuring the safety of raw food materials is something I-Mei takes very seriously, as the company is dedicated to providing safe and healthy food to its customers.

The two laboratories have staff that perform tests to detect heavy metals, pesticide drug residues, and radioactive contamination on a daily basis, according to the company.

The CACCI delegation visit the factory of I-Mei Foods Co. on September 3 (Taiwan News)

I-Mei Foods Co. Chairman Henry Kao introduce the company’s products to the CACCI delegation (Taiwan News)

The CACCI describes itself as a regional organization of business enterprises which covers 27 economies in Asia and the Western Pacific. The delegation will also be visiting the Ministry of the Foreign Affairs and other governmental institutes.

The CACCI delegation visits the factory of I-Mei Foods Co. on Sept. 3 (Taiwan News)

News report and photos courtesy of Taiwan News. View the original report at https://www.taiwannews.com.tw/en/news/3521423

CACCI President Meets with Key Officers of Primorsky Region CCI

Union Primorsky – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), met with Mr. Boris V. Stupnitsky, President of the Union Primorsky Chamber of Commerce and Industry, and Mr. Michael Veselov, Vice President of the Chamber, following the successful CACCI Presidential visit to Vladivostok.

Mr. Inaishvili thanked Mr. Stupnitsky and Mr. Veselov for the excellent arrangements and generous hospitality extended to the CACCI delegation during the visit. He expressed hs appreciation for the opportunity to meet with key officers of important organizations and to share information with them on the current conditions as well as the trade and investment opportunities in Vladivostok and the Primorsky Region, as well as to exchange views with them on other matters of common interest.

He also thanked the Chamber officers for the opportunity to visit local companies and to learn first-hand about their activities and the areas in which they are open for investments.

He also invited the Chamber to participate in the special session on “Discover Business Opportunities Through CACCI” during the upcoming 32nd CACCI Conference on November 23-24, 2018 in Istanbul.

President Inaishvili invites members to join him at the Istanbul Conference

Istanbul – Following the success of CACCI’s annual gathering in Sydney, Australia in September last year, CACCI President Mr. Jemal Inaishvili is inviting members to once again extend the same spirited enthusiasm and strong support to the upcoming 32nd CACCI Conference to be held on November 23-24, 2018 in Istanbul, Turkey, with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) as the host organization.

In his message to members, President Inaishvili states that the Conference this year aims to provide another important venue for our members to exchange ideas on trends and issues that are currently shaping the global markets. “With the help of invited experts from the government and the private sector, we hope to take an in-depth look at some measures that could be implemented to help achieve stronger investment and output growth over the medium and long-term, particularly those that highlight the use of leading-edge technology and innovative approaches in meeting the current challenges of economic development in
the region,” the CACCI President said.

Mr. Inaishvili stated that he is particularly pleased that the venue of the CACCI Conference this year is once again Istanbul, the business hub of Turkey. “As you may know, Turkey’s economy is on the upswing, with growth gathering momentum last year, driven by strong fiscal stimulus and a strong recovery in export demand. With the economy on strong footing since early 2017, the labor market has improved, and consumer and business sentiments have edged up.”

“I therefore invite all our members to attend this year’s annual gathering in Istanbul and take advantage of another important opportunity to exchange views on how CACCI can help the Asian region remain an important contributor to the world economy. Your participation will also provide you the opportunity see for yourself how Turkey it continues to transform itself into one of the world’s economic powerhouses, and to explore areas that offer growth potentials for your respective companies. “I look forward to seeing you all in Istanbul in November. With your presence and active participation in the forthcoming 32nd CACCI Conference, we hope to affirm CACCI’s role as a vehicle for promoting regional cooperation.”

CACCI President participates in the 2nd World Xi’an Entrepreneurs Convention

Xi’an – Mr. Jemal Inaishvili, President of the Confederation of Chambers of Commerce and Industry (CACCI), was invited as one of the speakers at the 2nd World Xi’an Entrepreneurs Convention held in Xi’an from June 29 to July 1, 2018.

On 29 June 2018, the Silk Road Chamber of International Commerce Forum of Transforming Xi’an into a Cosmopolitan City, co-organized by Xi’an Municipal People’s Government and Silk Road Chamber of International Commerce (SRCIC), was held at Xi’an Paradise Resort. The forum was aimed at showcasing the business environment of Xi’an as well as inspiring new cooperation ideas and projects.

Over 200 attendees including ambassadors to China from the Belt and Road countries, representatives from international business associations and export-oriented enterprises attended the forum. Mr. Inaishvili serves as Honorary Chairman of SRCIC.

Xi’an is the starting point of ancient Silk Road and a pioneer in today’s Belt and Road construction. The city is active in global communication and collaboration with an aim of transforming itself into a cosmopolitan city.

CACCI President Invited to B20 Summit in Argentina

Buenos Aires – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), has been invited to attend the B20 Summit to be held on October 4-5, 2018 in Buenos Aires, Argentina.

The Summit is expected to gather some 1,200 business leaders from around the world. The high-level representatives from business will present B20 recommendations and debate on the issues that are shaping our economies today and will have substantial impact on our future.

The B20 – currently chaired by Argentina – is a platform that serves as in intermediary group between G20 governments and the international business community. Its primary mission is to deal with the urgent and significant global issues by developing actionable recommendations from global business leaders to the G20 Leaders. These issues are addressed by the various Task Forces set up for this purpose, including the Task Force on Trade and Investment, of which Mr. Inaishvili as CACCI President is a member.

For more information visit the B20 website at http://www.b20argentina.info/

CACCI members invited to join Presidential Visit to Mongolia – September 5-9, 2018

Ulaanbaatar- CACCI members are invited to join CACCI President Mr. Jemal Inaishvili in another Presidential visit in the latter part of the year, this time to Mongolia scheduled to take place on September 5-9, 2018.

The Mongolia National Chamber of Commerce and Industry (MNCCI) will be receiving the CACCI delegation and has prepared a Tentative Program for the five-day visit.

Participation in the Mongolia visit will give members the valuable opportunity not only to gather first-hand information on the business situation in the host country, join the courtesy calls on high-ranking government officials, participate in the company visits, and meet leading businessmen of the country mainly through the Business Forum and the B2B meetings to be organized by MNCCI, but also to visit some of Mongolia’s’s major tourist attractions and experience its rich culture and tradition.

The Mongolia visit will also take place at the same time as the Ulaanbaatar Partnership 2018, the country’s largest international trade fair. To be jointly organized by the Mayor Administration of Ulaanbaatar City and MNCCI on September 7-10, the Ulaanbaatar Partnership 2018 will bring together international and domestic companies from the food, textile, light industry, and agriculture sectors. CACCI members are invited to participate in the trade fair and set up their own booths.

CACCI Presidential Visit to Vladivostok, Russia

Vladivostok – Following his successful Presidential visits to Cambodia, Vietnam, and Laos in April 2018, CACCI President Mr. Jemal Inaishvili led another delegation of CACCI officers and members for a visit to another CACCI member country, this time to Russia – specifically in the port city of Vladivostok on June 14-15, 2018.

Considered the administrative center of Primorsky Region, the city of Vladivostok (literally means “ruler of the east”) is located around the Golden Horn Bay, not far from Russia’s borders with China and North Korea. The population of the city as of 2017 was 606,589, up from 592,034 recorded in the 2010 Russian census. The city is the home port of the Russian Pacific Fleet and the largest Russian port on the Pacific. The city’s main industries are shipping, commercial fishing, and the naval base. Fishing accounts for almost four-fifths of Vladivostok’s commercial production. Other food production totals 11%. A very important employer and a major source of revenue for the city’s inhabitants is the import of Japanese cars.

The visit was another milestone as it was the first-ever CACCI Presidential visit to Vladivostok. Like the other previous Presidential visits, the Vladivostok trip was  aimed at providing the CACCI visitors the opportunity to gain a better understanding of the economic conditions in the city and explore possible joint business ventures and investment cooperation with their local counterparts.

The CACCI delegation was composed of the following CACCI officers and members:

1. Mr. Jemal Inaishvili, President, CACCI and Member of the Board, Georgian Chamber  of Commerce and Industry
2. Mr. Hardeep Singh, Chairman of the Board of Directors, GeoSteel LLC
3. Mr. Homer Yu, Secretary of Business Affairs Department, Kowloon Chamber of Commerce
4. Mr. Chor Ki Chan, Honorary President, Hong Kong Hair & Beauty Merchants Association
5. Ms. Tatiana Legchilina, Deputy Director, International Cooperation Department, Chamber of Commerce and Industry of the Russian Federation
6. Mr. Ernest Lin, Director-General, CACCI
7. Mr. Amador R. Honrado, Jr., Deputy Director-General, CACCI
8. Ms. Wendy Yang, Senior Officer, CACCI

The Presidential visit o Vladivostok served as a valuable occasion for the CACCI delegation to meet with various government officials of the city to exchange views on trade and investment issues as well as identify areas where CACCI members may consider investing. 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. As a  result of the delegation’s various meetings , the CACCI Presidential visits to the three countries succeeded in generating  awareness about CACCI and its activities among key administrative officials and the local companies in the city.

A chronology of the delegation’s official program follows:

I. Visit to FEBRAS (June 14, 2018)

The delegation visited the Far Eastern Branch of the Russian Academy of Sciences (FEBRAS), where they were welcomed by its President, Academician Valentin Sergienko.

With the assistance of his staff members,  Mr. Sergienko made an introduction on FEBRAS and its activities. He informed the delegation that FEBRAS was organized to develop fundamental research in the field of natural and social sciences and to work out the applied problems of the Far Eastern productive forces development and training of scientific manpower. He said that its main goal is to coordinate the efforts of all research teams, directing them to find solutions to the most urgent problems of interest to the region and to science in general.

The CACCI delegation learned from Mr. Sergienko that the priority directions of the scientific researches of FEBRAS include the following:

• Photonics and laser physics and physics of nanomaterials
• Development of software and hardware tools
• Development of oceanographic instruments and underwater robotic systems
• New functional materials, nanomaterials and chemical technology
• Highly efficient technology of radioactive waste processing
• Biodiversity and bioresources
• Physico-chemical biology , biotechnology and genetic engineering
• Genophysics, geochemistry and biology of world ocean, including the Eastern Sector Arctic region
• Tectonics, geodynamics and metallogeny
• Long-term forecast of catastrophic natural phenomena
• Evaluation of resources of hydrocarbon potential of the Pacific basin
• Regional environmental management
• Medical and physiological problems
• Development of new varieties of agricultural products
• Problems of regional development and international cooperation
• Conservation of rare and endangered species
• History, archaeology, sociological problems.

Mr. Sergienko invited CACCI members to cooperate with FEBRAS in the activities that it undertakes in any of the above mentioned areas of research and product development.

II. Meeting with Vice Governor of Primorsky Region

Following its meeting with FEBRAS, the delegation proceeded to the office of the Vice Governor of Primorsky Region, where they were received by its key officials led by Vice Governor Ms. Tatiana Kazantseva.

During the dialogue between the two sides, the delegation learned of the major policies adopted by the Primorsky region to take advantage of its strategic location for trade and industry development with countries from the Asia-Pacific region.  These policies include the creation of the free port of Vladivostok and the establishment of an advanced free economic zone .

The CACCI visitors were also informed of the growing importance of the tourism industry for the Primorsky Region, and noted the increasing number of cruise ships that call on the city per month bringing tourists from China, Japan, and Korea; the development of port facilities to receive these cruise shops; the development of eco-tourism; the establishment of gaming zones to cater to foreign tourists, and the construction of more hotels to accommodate the growing number of foreign visitors.

The delegation was also briefed of the importance of the fisheries sector, the mining industries, the agricultural sector, as well as the construction and the development of infrastructure projects.

Mr. Inaishvili and other members of the CACCI delegation noted the rapid development taking place in the country. They  praised the economic progress that the Primorsky Region and Vladivostok have made in recent years and acknowledged the business opportunities they personally witnessed during the visit. They noted that there certainly are many areas that provide great opportunities for trade and investments between the Primorsky Region and other CACCI member-countries.

President Inaishvili suggested to the Chamber of Commerce and Industry of the Primorsky Region to consider the possibility of hosting a CACCI Conference in the near future, stating that such event will provide Vladivostok the opportunity to tell the world about its  achievements on the economic front as the country’s economic advantages are mostly unknown to most countries.

III. Meeting with Duma of Vladivostok City, Investment Agency of Primorsky Region, and Administration of Vladivostok City

On the afternoon of June 14, the CACCI delegation proceeded to its joint meeting with the Duma of Vladivostok City, the Investment Agency of Primorsky Region, and the Administration of Vladivostok City.

The delegates were informed that the free port facility would comprise a seaport, airport zone, an industrial zone, a scientific zone and a tourist-recreational zone, which includes gaming facilities. The free port and advanced special economic zones will help the Russian Far East region become a new showcase for foreign investors, the speakers stressed, noting that the free port regime, which will target global trade businesses, will last for 70 years with strictly defined boundaries and facilitated customs.According to Far East Development Corp., which manages the free port and economic zones in the area, the program will cover a total of 28,400 square kilometers and a population of 1.4 million.

The CACCI visitors further learned that residents of the free port, who can invest at least 5 million rubles (US$75,900) in three years can enjoy zero profit tax, land tax and property tax within the first five years and 12 percent profit tax for the next five years. Residents of 12 advanced special economic zones, which target domestic markets with no strictly defined boundaries, can enjoy similar tax benefits with minimum investment of just 500,000 rubles.

The city’s port facilities are also noted to be important, and that tourism is a growing industry, particularly sea tourism with the increasing number of cruise liners visiting the city. Also these underscore the great economic potential of Vladivostok, and should encourage members of CCIRF and CACCI to come to Vladivostok.

For his part, Mr. Inaishvili urged the Chamber of Commerce and Industry of Primorsky Region to take a more active involvement in CACCI activities to reap the benefits of Asian growth and development, pointing out that it would be a win-win situation for businessmen in Vladivostok and the Primorsky region, as well as in CACCI member countries, given the fact that CACCI is a very big organization.

IV. Visit to the European Diamond Centre Co. Ltd.

On the morning of June 15, the delegation visited the European Diamond Centre Co. Ltd. , where they were received by Mr. Alexey Ivanov, Director of Alrosa, which is the company that manages the Centre.

During the visit, the delegation learned that: (a) Alrosa is a Russian Group of diamond mining companies that occupies a leading position in the industry and has the largest rough diamond reserves in the world; (b) The Group accounts for one third of the reserves and more than a quarter of the production of the global rough diamond market; (c) They key areas of activity, comprising the focus of the major strategic efforts of the Group, are deposits exploration, mining, processing and sales of rough diamonds; (d) The majority of Alrosa Group revenue come s from selling rough diamonds; (e) Rough diamonds are sole under long-term agreements to Russian and foreign diamond cutting companies; and (f) The rough diamond segment accounts for about 90% of the total Group revenue.

The CACCI visitors were also informed that the Eurasian Diamond Centre itself opens up great prospects not only for companies in the industry of rough and polished diamonds, but also for retailers and jewelry manufacturers, including the Luxury segment, cultural values and antiques markets participants. The Centre serves as a unique platform that allows developing and implementation of new manufacturing technologies, holding of exhibitions and regular auctions of precious gems and opening of new market channels.

V. Visit to Aviapolis Yankovsky Co. Ltd.

The delegates then proceeded to the Aviapolis Yankovsky LLC, which is a Russian private industrial park operator which plans to build a mega warehouse and logistics park in Primorsky Krai province. Considered the largest in the Far East region, the facility will cover gross floor area of 680,000 square meters, and is expected to be completed by 2025.

The CACCI visitors were informed that the industrial park has been a resident of the Free Port of Vladivostok since 2016. A viapolis is located in a dynamic zone, both in terms of infrastructure and in close proximity to key transport hubs. The distance to the city of Vladivostok is only 40 km, to the city of Artem and Vladivostok Airport – 4.7 km, to the city of Nakhodka – 139 km. The delegation  learned that some 95 percent of the park’s warehouse space is already booked, pointing to the high demand for warehouse and office space from the residents of Vladivostok Free Port.

VI. Visit to “Primring” & Meeting at Techno Holding Sumotori Co.

Following the visit to the Aviapolis Yankovsky LLC, the CACCI delegation moved to PrimRing, located in the Far Eastern Primorsky region in Artyom city, close to Vladivostok.

The delegates were informed that the aim of the “Primring” is to create a modern, multi-use, leisure and retail destination with motorsport at the core. The site is located on a 78 Ha plot in the vicinity of Vladivostok, located close to a major highway for easy access. The initiator of the project is Sumotori Machinery Group, the biggest technological holding company in far Eastern Russia.

The CACCI visitors learned that the PrimRing will play a strategic role in the development of motor sport in Russia. The project has been granted ‘Strategic Project’ status by the Primorsky regional government and has received grant funding support from the FIA Motorsport Development Fund, bringing significant commercial and planning benefits. The Russian Automobile Federation (RAF), the motor sport regulator for the country, is also fully supportive of the initiative.

PrimRing provides a home for motor sport for all categories in the Primorsky region and a venue for national events in Russia and for visitors from the neighbouring countries of China, South Korea and Japan. Around this mix of motor sport infrastructure, the project proponents have developed leisure, retail and business districts, all combined to provide a natural parkland setting for families and friends to meet, relax, enjoy, watch or participate.

The delegates were further informed that Sumotori is a techno holding company, which has been on the Russian market since 1998. Its former name is Hino-Vladivostok. The main office is situated in Vladivostok, and it is a dealer of different companies: Hino truck, New Holland (a global brand), Doosan Infracore (S. Korea), TCM, Everdigm (Hanwoo), Bishamon. KOBELCO. Sumotori is also the official dealer of trade mark Masalta, which is the part of SUBARU.

On the last day of the visit to Vladivostok, the CACCI delegation also visited the Marine Experimental Center where they observed latest advances in fish reproduction. To conclude the successful visit, the CACCI delegation celebrated in the companion of many Russian officials a dinner in a local restaurant specialized in regional food.

CACCI President attends International Silkroad Forum in Turkmenistan

Awaza – CACCI President Mr. Jemal Inaishvili was invited as one of the special guests of honor and speaker at the international forum on “The Great Silk Road: Towards New Frontiers of Development” held at the Turkmen Awaza National Tourist Zone in the Caspian Sea shore in Turkmenistan on May 2, 2018.

The Forum took place in conjunction with the opening of the new International Turkmenbashi Port, which is expected to connect Asia and Europe for transferring goods and ideas and help activate the so-called Silk Road corridors.

Also attending the forum was the President of Turkmenistan Gurbanguly Berdimuhamedov. During the forum, Mr. Inaishvili presented a special award to President Berdimuhamedov as initiator of the project of Turkmenbashy International Seaport.

CACCI President presents award to Turkmenistan President

Awaza – The President of Turkmenistan Gurbanguly Berdimuhamedov received a special award as initiator of the project of Turkmenbashy International Seaport during an international forum on “The Great Silk Road: Towards New Frontiers of Development” held in Awaza, Turkmenistan on May 2, 2018.

The award was presented to President Berdimuhamedov by CACCI President Mr. Jemal Inaishvili and by Mr. Lu Jianzhong, President of the Silk Road Chamber of International Commerce (SRCIC). By conferring the award to the Turkmenistan President, the SRCIC and CACCI expressed the support of integrational transport projects of Turkmenistan that enhances the convergence of the East and the West through the revival of the Silk Road.

Speaking at the Forum, President Berdimuhamedov outlined Turkmenistan’s priorities in international partnership in the field of transport and communication.

According to the Turkmen leader, the new sea port in the strategically important Caspian region provides a large platform for enhancing inter-regional cooperation, increasing the volumes and improving the quality of transportation, and contributes to establishing the new configuration of the transportation flow.

CACCI delegation meets with Laotian businessmen in Vientiane

Vientiane – Members of the CACCI delegation that joined the CACCI Presidential visit to Laos on April 25 had the opportunity to meet with local entrepreneurs at the headquarters of the Lao National Chambers of Commerce and Industry in Vientiane.

During the meeting, CACCI President Mr. Jemal Inaishvili and his delegation introduced CACCI and its activities to the attending chamber members, invited them to participate in the said activities, encouraged them to become Lifetime Special Members of CACCI, and exchanged information with them on and explore possible areas of cooperation in various industries and sectors of Laos.

The local businessmen also expressed interest to join the delegation that LNCCI President Mr. Oudet promised to organize to attend the Istanbul Conference of CACCI in November.

CACCI delegation meets Lao LNCCI President

Vientiane – A delegation composed of officers of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) led by President Jemal Inaishvili, was received by Mr. Oudet Souvannavong, President of Lao National Chamber of Commerce and Industry (LNCCI), during the former’s visit to Laos on April 25, 2018. The meeting took place at the LNCCI headquarters in Vientiane.

During the special meeting, the visiting CACCI officers exchanged information with the LNCCI President on the trade and investment opportunities in the country.

President Inaishvili also took the opportunity to invite President Oudet to attend the 32nd CACCI Conference scheduled to take place on November 23-24, 2018 in Istanbul. Mr. Oudet said he would consider organizing a delegation from LNCCI to participate in the Istanbul Conference.

CACCI members meet with Officers of the Ministry of Commerce and Industry of Vietnam

Hanoi – CACCI President Mr. Jemal Inaishvili, accompanied by members and officers CACCI member chambers, met with key officers and staff of the Ministry of Commerce and Industry (International Cooperation Department) of Vietnam led by Deputy Director General Dr. Chu Van Chuong in Hanoi on April 21, 2018.

The two sides shared information on the current conditions as well as the trade and investment opportunities in Vietnam, and exchanged views on other matters of common interest.

CACCI Delegation calls on the Ministry of Agriculture and Rural Development of Vietnam

Hanoi – A visiting delegation from the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) led by President Mr. Jemal Inaishvili called on the Ministry of Agriculture and Rural Development of Vietnam in Hanoi on April 21, 2018. The visitors were received by Vice Minister Vu Van Tam.

The two sides shared information on the current conditions as well as the trade and investment opportunities in the agricultural and industrial sectors of Vietnam, and exchanged views on other matters of common interest.

Vietnam Chamber welcomes CACCI Delegation in Hanoi

Hanoi – CACCI President Mr. Jemal Inaishvili led a delegation composed of CACCI officers and members to visit the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on April 19, 2018.

The CACCI visitors were welcomed by VCCI officers and members led by Dr. Doan Duy Khuong, VCCI Vice Executive President, at the VCCI headquarters. The visiting delegation introduced CACCI and its activities to the meeting participants, and exchanged information with them on and explore possible areas of cooperation in various industries and sectors of Vietnam.

CACCI Delegation meets with Cambodia Chamber of Commerce Officers and Members

Phnom Penh – A CACCI delegation led by President Mr. Jemal Inaishvili visited the Cambodia Chamber of Commerce (CCC) on November 19, 2018 at the CCC headquarters in Phnom Penh were they were received by key officers and members of the Chamber led by Vice President Oknha Lim Heng.

In his Opening Remarks, CACCI President Jemal Inaishvili expressed his gratitude to the Chamber for giving him and his delegation the opportunity to get a first-hand information on the economic and business conditions in the country, and to share views on possible opportunities for business cooperation between and among their respective members.

CCC Vice President Okhna Lim Heng invited CACCI members to participate and play a role in the economic growth of Cambodia. He also said that the Chamber is greatly interested to participate in CACCI activities, including the 32nd CACCI Conference to be held in November 2018 in Istanbul as well as the various CACCI awards, and welcomed the proposal of Mr. Inaishvili for the Chamber to host a CACCI Conference in the near future.

CACCI President Jemal Inaishvili attends Belt and Road Trade and Investment Forum in Beijing

Beijing – CACCI President Mr. Jemal Inaishvili attended the “Belt and Road Trade and Investment Forum” held on April 12, 2018 in Beijing.

The two-day Forum was Organized by the China Council for the Promotion of International Trade (CCPIT), China Chamber of International Commerce (CCOIC), and the ICC World Chambers Federation (ICC WCF), and supported by the Silk Road Business Council.

Focusing on the theme “Unleashing Potential for Shared Future,” the Forum aimed to introduce and disseminate the Belt and Road concept, strengthen the dialogue between government and business, enhance connectivity between China and foreign countries, and build consensus of cooperation.

The Forum discussed such topics as financing and unimpeded trade. It brought together about 700 business and industry delegates from more than 70 countries, including those covered by the CACCI membership.

CACCI President joins WCF General Council Meeting

Beijing – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry attended the meeting of the ICC World Chambers Federation (WCF) General Council Meeting held on April 11, 2018 in Beijing.

The WCF is a global network of 12,000 chambers that aims to help individual chambers to become more productive and strengthens links among them. The General Council is the governing body of WCF that sets the strategic direction and development of WCF’s services.

During the meeting, President Inaishvili briefed the other participants about the ongoing and upcoming activities of CACCI, and invited them to the 32nd CACCI Conference scheduled to take place on November 23-24, 2018 in Ciragan Palace Kempinski Istanbul, Turkey

As a transnational chamber, CACCI is a Permanent Member of the WCF General Council and is currently represented by President Inaishvili.

CACCI President Inaishvili Invited to Belt and Road Trade and Investment Forum in Beijing

Beijing – CACCI President Mr. Jemal Inaishvili has been invited to participate in the “Belt and Road Trade and Investment Forum” to be held on April 11-13, 2018 in Beijing.

The two-day Forum is Organized by the China Council for the Promotion of International Trade (CCPIT), China Chamber of International Commerce (CCOIC), and the ICC World Chambers Federation (ICC WCF), and supported by the Silk Road Business Council.

Focusing on the theme “Unleashing Potential for Shared Future,” the Forum aims to introduce and disseminate the Belt and Road concept, strengthen the dialogue between government and business, enhance connectivity between China and foreign countries, and build consensus of cooperation.

The Forum will discuss such topics as financing and unimpeded trade. It is expected to bring together about 650 business and industry delegates from more than 70 countries, including those covered by the CACCI membership

CACCI President joins B20 Argentina Task Force on Trade and Investment

Buenos Aires – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), has been accepted as member of the B20 Task Force on Trade and Investment.

The B20 – currently chaired by Argentina – is a platform that serves as in intermediary group between G20 governments and the international business community. Its primary mission is to deal with the urgent and significant global issues by developing actionable recommendations from global business leaders to the G20 Leaders. These issues are addressed by the various Task Forces set up for this purpose, including the Task Force on Trade and Investment.

CACCI President to Lead A Delegation to Visit Vladivostok in Mid-June

Vladivostok – At the invitation of the Chamber of Commerce and Industry of the Russian Federation (CCIRF), CACCI President Mr. Jemal Inaishvili will lead a delegation to visit Vladivostok on June 13-16, 2018.

Jointly organized by the CCIRF and CCI of Primorskiy region, the three-day Presidential Visit is aimed at giving members the opportunity to explore local business opportunities, learn about the latest developments on business in the host country, join the courtesy calls on government officials, and meet leading local businessmen. The tentative program includes official calls on The Far Eastern Federal University, Governor of Primorsky region, Far East Branch of the Russian Academy of Sciences and Far East Development Corporation.

CACCI members are encouraged to confirm their participation with the CACCI Secretariat by writing to cacci@cacci.biz  before April 21, 2018.

The latest CACCI Presidential Visit to Russia took place on May 13-15, 2014 when then CACCI President Amb. Amb. Benedicto Yujuico visited Moscow with a 13-member delegation composed of business executives and CACCI members representing Bangladesh, Georgia, Hong Kong, Philippines and Russia.

CACCI President Inaishvili attends WCF General Council Meeting – Beijing

Beijing – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), will be attending the meeting of the World Chambers Federation (WCF) General Council Meeting on April 11, 2018 in Beijing.

The WCF is a global network of 12,000 chambers that aims to help individual chambers to become more productive and strengthens links among them. The General Council is the governing body of WCF that sets the strategic direction and development of WCF’s services.

As a transnational chamber, CACCI is a Permanent Member of the WCF General Council and is currently represented by President Inaishvili.

CACCI President Inaishvili Invited to Awaza Global Forum

Awaza – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has been invited to be a keynote speaker at the Awaza Global Forum to be held on May 2, 2018 in Awaza, a touristic zone in Turkmenistan located at the east side of the Caspian Sea, 12 km west of Turkmenbashi city.

The Forum will be held in conjunction with the opening of the new International Turkmenbashi Port, which is expected to connect Asia and Europe for transferring goods and ideas and help activate the so-called Silk Road corridors.

CACCI Presidential Visit to Phnom Penh, Hanoi & Vientiane from April 19-25, 2018 – Register now!

Phnom Penh – Following his successful visit to Nepal in November last year, CACCI President Mr. Jemal Inaishvili has scheduled a Presidential visit in April 2018, this time covering three neighboring countries in one trip, tentatively as follows:

Phnom Penh, Cambodia: April 19-20

Hanoi, Vietnam: April 22-23

Vientiane, Laos: April 24-25

The host chambers for the above three visits are Cambodia Chamber of Commerce (CCC), Vietnam Chamber of Commerce and Industry (VCCI), and Lao National Chamber of Commerce and Industry (LNCCI), respectively.

The visits are intended to give the CACCI President and members of his delegation the opportunity to gather first-hand information on the business situation in the host countries; further build up the image of CACCI by making courtesy calls on government officials to seek support for CACCI; and meet the top businessmen in the host countries, particularly those from industries or sectors that the host countries wish to promote.

The host chambers have been requested to arrange their respective programs for the visits.

We will send you the proposed itinerary, along with other relevant information (e.g., hotel accommodation), as soon as VCCI, LNCCI and CCC have made the necessary arrangements. In the meantime, should you wish to meet with specific businessmen in any of the three host countries, visit specific local companies or organizations, or conduct specific activities during the trip, please let us know so we can convey your request to the host chambers for their consideration.

Please download brief economic profiles of Vietnam, Laos and Cambodia.

We encourage CACCI members to join President Inaishvili on his upcoming visits to Cambodia, Vietnam, and Laos and avail yourself of the opportunity not only to establish contacts with key representatives from the private and government sectors of these countries, but also to learn first-hand the business conditions and opportunities they offer.

Kindly confirm your participation by downloading the Confirmation Form and returning it to us through our Fax No. (886 2) 2760 7569 or e-mail at cacci@cacci.biz.

CACCI Presidential Visit to Ulaanbaatar – September 5-8, 2018 – Members should join!

Ulaanbaatar – As part of his activities during the second half of this year, CACCI President Mr. Jemal Inaishvili is inviting CACCI officers and members to join him in another Presidential visit, this time to Mongolia scheduled to take place on September 5-9, 2018.

The Mongolia National Chamber of Commerce and Industry (MNCCI) will be receiving the CACCI delegation and has prepared a Tentative Program for the five-day visit, which is attached at the end of this news report and a brief report about about Mongolia’s fundamentals.

CACCI members joining the Mongolia visit will gather first-hand information on the business situation in the host country, join the courtesy calls on high-ranking government officials, participate in the company visits, and meet leading businessmen of the country mainly through the Business Forum and the B2B meetings to be organized by MNCCI. They will also to visit some of Mongolia’s major tourist attractions and experience its rich culture and tradition.

CACCI also wants to inform members that the Mongolia visit will also take place at the same time as the Ulaanbaatar Partnership 2018, the country’s largest international trade fair. To be jointly organized by the Mayor Administration of Ulaanbaatar City and MNCCI on September 7-10.

The Ulaanbaatar Partnership 2018 will bring together international and domestic companies from the food, textile, light industry, and agriculture sectors and CACCI members are invited to participate in the trade fair and set up their own booths.

Visit this link https://archive.cacci.biz/cacci-members-invited-to-ulaanbaatar-trade-fair/ to read a brief introduction on the trade fair.

CACCI will inform more details about the visit (e.g., hotel accommodation, updated progams) as soon as these are available.

In the meantime, should you wish to meet with specific businessmen in Mongolia, visit specific local companies or organizations, or conduct specific activities during the trip, please write to cacci@cacci.biz so we can convey your request to MNCCI.

Please confirm you participation by downloading the Confirmation Form and returning to us by Fax (886 2 2760-7569) or e-mail (cacci@cacci.biz). Should you have questions, please feel free to contact us at the Secretariat.

CACCI President is expert panelist at the ICC CEO Forum

Tokyo – CACCI President Mr. Jemal Inaishvili served as a member of a panel of experts during the 4th ICC Asia-Pacific CEO Forum held on March 8-9, 2018 at the Hotel New Otani in Tokyo, Japan.

Mr. Inaishvili was invited by ICC Japan as Panelist during the session on “Achieving the United Nations Sustanable Development Goals Through Innovation and Entrepreneurship.” He joined Mr. Takeo Harada, CEO, Institute for International Strategy and Information Analysis, Inc, and Ms. Cherie Nursaalim, Vice President, GITI Group in the panel discussion.The session was chaired and moderated by Mr. John Danilovich, Secretary General, International Chamber of Commerce.

President Inaishvili Meets with TOBB President in Istanbul

Istanbul – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), recently met with Mr. Rifat Hisarciklioglu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), in Istanbul to discuss preparations for the upcoming CACCI Planning Committee Meeting to be held on February 5 in Istanbul.

Mr. Inaishvili and Mr. Hisarciklioglu also had preliminary discussions on the proposed activities for the 32nd CACCI Conference scheduled to take place in November 2018 in Istanbul.

President Inaishvili Attends Ukraine CCI 45th Anniversary Celebration

Kiev – CACCI President Mr. Jemal Inaishvili accepted the invitation from the Ukrainian Chamber of Commerce and
Industry (UCCI) to attend the 45th Anniversary celebration of the Ukranian Chamber of Commerce and Industry (UCCI) held on December 14-16, 2017 in Kiev.

In particular, Mr. Inaishvili was invited to attend the Opening Session on the International Conference on “New Industrialization: Challenges, Opportunities and Prospects for Ukraine.” which was part of the anniversary celebration.

Mr. Inaishvili’s presence provided him the opportunity to meet and network with UCCI members, gain a better
understanding of the chamber’s activities, and explore how the two organizations could work together for the mutual benefit of their respective members. He also invited UCCI to join CACCI as an Observer.

Nepal President Welcomes CACCI Officers and Members in Kathmandu

Kathmandu – A 30-member CACCI delegation led by CACCI President Mr. Jemal Inaishvili made a courtesy call on Right Honourable President Bidya Devi Bhandari as part of the program of the CACCI Presidential visit to Nepal on November 21-22.

The CACCI delegation consisted of CACCI members from Georgia, Australia, Bangladesh, Hong Kong, Pakistan, the Philippines, and Taiwan.

During the courtesy call, Right Honourable President Bidya Devi Bhandari cited the strong economic performance of Nepal in recent years due mainly to reforms and government stability and invited CACCI members to consider investing in its various sectors, particularly agriculture, tourism, infrastructure, power generation, textile production, timber, and ater production, among others. She assured them of government protection for foreign investments and the facilitating role paid by government.

Right Honourable President Bidya Devi Bhandari is the second President of the Republic of Nepal and the first President after the promulgation of the Constitution of Nepal 2015.

CACCI President Inaishvili Attends the EU-Eurasia-China Business Summit in Athens

Athens – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and Honorary Chairman of the Silk Road Chamber of International Commerce, attended the recent EU-Eurasia-China Business Summit as a commentator.

Held on October 9-10, 2017 in Athens under the sponsorship of The Economist magazine, the Summit carried the theme “Building Bridges from East to West”.

CACCI President Inaishvili Speaks at 4th Eastern Partnership Business Forum

Tallinn – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), was one of the invited speakers at the 4th Eastern Partnership Business Forum held on October 26-27, 2017 in Tallinn, Estonia.

The Forum is a traditional event to the EU Eastern Partnership Summit. The main objective of the forum is to promote cross-border economic relations, transparency, new business opportunities and cooperation between EU and Eastern Partnership countries, with particular focus on SMEs.

President Inaishvili visits Kocaeli Chamber of Industry’s 5th Edition of Match4Industry

Kocaeli – The Kocaeli Chamber of Industry invited CACCI members to participate in its Match4Industry event that took place on 2-3 November 2017 in Kocaeli, Turkey.

Match4Industry was part of “Doing Business Onsite”, a unique concept in matchmaking events that offered meetings held in company premises as well as the main event site. Visits to leading automotive companies were available as optional programmes, offering the participants a chance to observe Kocaeli’s business environment at first hand. There was a dedicated area to accommodate face to face meetings between prospective partners. This year’s event attracted 350 exhibitors and 40,000 visitors.

The 5th edition of Match4Industry was organised by ABIGEM in collaboration with the Kocaeli Chamber of Industry and Chamber of Commerce of the Grand Duchy of Luxembourg, and offered you two days of exclusive business meetings.

Under the Chairmanship of Mr. Ayhan Zeytinoglu (shown in photo with CACCI President Mr. Jemal Inaishvili and TOBB President Mr. Rifat Hisarciklioglu), the Kocaeli Chamber of Industry is a local organization of businesses and companies in Izmit – Kocaeli with the intention to develop and further the interests of local companies and businesses in Turkey.

President Inaishvili Meets with Iran Chamber delegation in Sydney Congress

Sydney – CACCI President Mr. Jemal Inaishvili, along with other CACCI officers, met with with the delegation from Iran Chamber of Commerce,Industries, Mines and Agriculture (ICCIMA) led by ICCIMA Vice President Mr. Pedram Soltani. The meeting was held on the sides of the 31st CACCI Conference and 10th World Chambers Congress held on September 18-21, 2017 in Sydney, Australia

The two sides exchanged views on how the two organizations can further strengthen their relationships and possible activities for cooperation such as in the area of training for ICCIMA members.They also talked about a possible visit by a CACCI delegation led by President Inaishvili in early 2018.

CACCI President Inaishvili Speaks at the Opening Ceremony of 10th World Chambers Congress in Sydney

Sydney – CACCI President Mr. Jemal Inaishvili was featured as a Speaker at the Opening Ceremony of the 10th World Chambers Congress held on September 19, 2017 in Sydney, Australia. Mr. Inaishvili joined Mr. Peter Mihok, Chair of the ICC World Chambers Federation; Mr. John Denton, First Vice Chairman of the International Chamber of Commerce; and Mr. Stephen Cartwright, Chief Executive Officer of the Sydney Business Chambers, in welcoming all the delegates to the10th World Chambers Congress, of which the 31st CACCI Conference was an integral part of the proceedings.

Also gracing the Opening Ceremony was New South Wales Premier Ms. Gladys Berejiklian In his Welcome Statement, Mr. Inaishvili said that the Sydney gathering was significant as it marked the first time that CACCI was holding its annual Conference in conjunction with the World Chambers Congress, an important event being organized every two years by the ICC World Chambers Federation jointly with the host country chamber, which for this year was the Sydney Business Chamber.

10th World Chambers Congress Day 1 .Picture : Gregg Porteous

“The joint event manifests the mutual understanding and great partnership between and among our three organizations and is certainly good for their respective members. It creates a positive experience for all sides and creates new dimension in their relationships, and certainly constitutes a positive step towards keeping economic prosperity in the region. Attendance in the joint event by members of our three organizations certainly increases the value of their participation,” the CACCI Presidebnt said.

CACCI President and Officers Join Other VIPs at the Welcome Reception Hosted by NSW Governor

Sydney – CACCI officers led by President Mr. Jemal Inaishvili attended the VIP Reception hosted by His Excellency General The Honourable David Hurley AC DSC, the Governor of New South Wales, for selected delegates of the 31st CACCI Conference and the 10th World Chambers Congress on the evening of September 18, 2017 in Sydney. The reception was held at the Government House Sydney. The Governor of New South Wales is the viceregal representative of the Australian monarch, Queen Elizabeth II, in the state of New South Wales.

The Government House is the Governor’s Official Residence and Office. It was completed in 1845. Over the years the building has been extended, refurbished and modernized to suit the tastes and needs of successive Governors. Today, the House holds a significant collection of portraits, furniture, decorative arts and gubernatorial memorabilia as a result of Vice Regal patronage.

10th World Chambers Congress .Picture : Gregg Porteous

Presidential Visit to Nepal on November 20-21, 2017 – Register now!

Kathmandu – CACCI President Mr. Jemal Inaishvili has been invited by The Federation of  Nepalese Chambers of Commerce and Industry (FNCCI) to make a Presidential visit to Kathmandu, Nepal on November 20-21, 2017, and is inviting CACCI members to join the delegation.

The last CACCI Presidential visit to Nepal was held in September 2011. The 17-member delegation was led by then CACCI President Amb. Benedicto Yujuico and received a warm welcome from both the private and government sectors of Nepal.

The CACCI Presidential visits are intended to give the CACCI President and members of his delegation 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 heads of state, economic ministers, and other high-ranking government officials to seek support for CACCI; and meet the top businessmen in the host country, particularly those from industries or sectors that the host country wishes to promote.

For this year’s Nepal visit, President Inaishvili has requested the FNCCI to:

• Arrange a meeting with members of the FNCCI so that the CACCI President can brief them on ongoing CACCI projects, discuss how the two organizations can support each other in the implementation of these projects for mutual benefit; and explore possible areas where CACCI can supplement the FNCCI services to its constituencies.
• Set an appointment with relevant government officials of Nepal to introduce CACCI to them and solicit their support for CACCI activities;
• Arrange factory or company visits for the delegation to enable them to explore possible areas of business cooperation.

The proposed itinerary for the visit will be communicated later, along with other relevant information (e.g., hotel accommodation), as soon as FNCCI has made the necessary arrangements. In the meantime, should any CACCI member wishes to meet with specific businessmen in Nepal, visits specific local companies or organizations, or conduct specific activities during the trip, please let the CACCI Secretariat know so we can convey your request to FNCCI for their consideration.

Following the two-day program, CACCI Vice President and former FNCCI President Mr. Pradeep Kumar Shrestha is inviting delegates to attend his son’s wedding ceremony, which starts on November 22.

We therefore encourage you to join President Inaishvili on his visit to Nepal, and avail yourself of the opportunity not only to establish contacts with key representatives from the private and government sectors of Nepal, but also to learn first-hand the business conditions and opportunities available in the country. You will also be able to participate in the wedding ceremony for Mr. Shrestha’s son.

Kindly confirm your participation by filling out the attached Confirmation Form and returning it to us through our Fax No. (886 2) 2760 1139 or e-mail at cacci@cacci.biz.

Should you have further questions, please do not hesitate to contact CACCI Secretariat.

CACCI President Meets with Esfahan CCI President in Sydney Conference

Sydney – CACCI President Mr. Jemal Inaishvili held a special meeting with the delegation from Esfahan Chamber of Commerce, Industries, Mines and Agriculture (ECCIMA) led by President Mr. S.
Abdolvahab Sahlabadi on the sides of the recently concluded 31st CACCI Conference and 10th World Chambers Congress held on September 18-21, 2017 in Sydney, Australia.

The officers of the two organizations exchanged views on the trade and investment opportunities offered by Esfahan, considered as the most industrialized city in Iran, and how CACCI members can take advantage of these opportunities. They also talked about a possible visit by a CACCI delegation to be led by President Inaishvili in early 2018.

Heads of CACCI and Russian CCI Meet During the CACCI Conference and World Chambers Congress in Sydney

Sydney – CACCI President Mr. Jemal Inaishvili and Vice President Mr.Peter McMullin took some time off from their busy schedule in Sydney to meet with the delegation from the Chamber of Commerce and Industry of the Russian Federation (CCIRF) led by Mr. Sergey Katyrin.

The officers of the two organizations exchanged views on possible collaborative initiatives between CACCI and CCIRF, particularly in hosting a CACCI Conference, as well as in receiving a CACCI delegation either in Moscow or Vladivostok in the near future.

President Inaishvili informed Mr. Katyrin that CACCI members from other countries will certainly welcome the opportunity to visit either of these two cities to meet with representatives from both the business and government sectors of Russia and to explore possible areas of cooperation.

CACCI President Inaishvili Meets with RP Finance Secretary Dominguez at the AIIB Board of Governors Meeting in Jeju, Korea

Jeju Island – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), met with Mr. Carlos Dominguez, Secretary of Finance of the Republic of the Philippines, during the second annual meeting of Board of Governors of the Asia Infrastructure Investment Bank (AIIB) held on June 16-18, 2017 in South Korea’s Jeju Island.

This year’s annual meeting brought together about 2,000 participants, including over 20 finance ministers of the 77 approved AIIB members such as Australia, China, Georgia, India, Indonesia Laos, and the Philippines. The second meeting was held under the theme of “Sustainable Infrastructure,” seeking strategic directions of the international infrastructure bank and making major decisions on the bank’s management.

Along with the official sessions, a variety of side events were scheduled such as seminars on infrastructure and the one-on-one business meetings. Several bilateral meetings between chief delegates were held on the sidelines of the official sessions.

CACCI President Inaishvili Attends AIIB Board of Governors Meeting in Jeju, Korea

Jeju Island – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), attended the second annual meeting of theAsia Infrastructure Investment Bank (AIIB) held on July 16-18, 2017 in South Korea’s Jeju Island.

This year’s annual meeting brought together about 2,000 participants, including delegations of both 57 founding members and 20 new members, international organizations and academia as well as businessmen, financiers and journalists. The attendees included over 20 finance ministers of the 77 approved AIIB members such as Australia, China, Georgia, India, Indonesia and Laos, according to South Korea’s finance ministry.

South Korean Finance Minister Kim Dong-yeon, who doubles as the country’s deputy prime minister for economic affairs, chaired the official sessions as his country jointly hosted the second annual meeting with the AIIB. The second meeting was held under the theme of “Sustainable Infrastructure,” seeking strategic directions of the international infrastructure bank and making major decisions on the bank’s management.

“This annual meeting is particularly important for our maturing institution, as it is a chance for our shareholders and partners to engage with us and provide diverse perspectives on how the bank should transform its strategy into meaningful outcomes for people in Asia,” AIIB President Jin Liqun said in his welcoming message. Along with the official sessions, a variety of side events were scheduled such as seminars on infrastructure and the one-on-one business meetings. Several bilateral meetings between chief delegates were held on the sidelines of the official sessions.

Officially launched in January 2016, the Beijing-based AIIB is a multilateral development bank initiated by China and supported by a wide range of countries and regions, which will provide financing for infrastructure improvement in Asia.

Crans Montana invites Inaishvili to 2017 Homeland & Global Security Forum

Brussels – CACCI President Mr. Jemal Inaishvili has been invited to attend the 19th Annual Session of the Homeland & Global Security Forum being organized by the Crans Montana Forum in Brussels, Belgium on October 25-28, 2017.

With security threat now global, the people’s life framework unpredictable and changing, political uncertainties growing, this event will focus on enhancing police and judicial cooperation, sharing experiences and good practices but also renewing or reinventing social and economic models.

The Homeland & Global Security Forum has served as a platform for discussion among top government officials, international organizations, parliaments, seocialized administrations, intelligence agencies and businesses from around the world.

The Crans Montana Forum is a Swiss Non- Governmental International Organization that is formally recognized by and work with all major International Organizations, respected Governments, Business and Non-Governmental Organizations. It works to build a more Humane and Impartial World and encourages international cooperation and overall growth. It also works to promote best practices and to ensure a permanent dialogue between all those who handle high-level responsibilities.

Thai ITD Investment & Trade Forum invites CACCI President to speak

Bangkok – The International Institute for Trade and Development (ITD) has invited CACCI President to be a Panelist in the Regional Trade and Development Forum 2017 to be held on July 19-20, 2017 in Bangkok.

The 2017 forum titled “Linking Trade and Development for Inclusive and Sustainable Growth,” will be addressing emerging issues around sustainable trade and development within the context of South-South region and how Asia-Pacific needs to redefine its development strategy to meet both the challenges of the time while being transformative enough, to leapfrog itself by leveraging new technologies and modern policies.

Mr. Inaishvili has been invited as one of the panelists in Session IV on “One Belt, One Road Initiative: Outlooks and Future Trade and Investment in the Region South”. This session will discuss the current developments of the Initiative and future plans to integrate this to the rest of the region. How can this initiative link with the UN SDG 2030 goals and facilitate peace and prosperity in the APAC region? And lastly, how can other countries benefit from this initiative (who are not linked via terresterial or by maritime route)?

The ITD is a regional trade and development policy based institution (non-partisan, politically neutral) established in May 2002, as part of the 10t h Session of the UNCTAD Meeting in Bangkok on 17 February, 2001. Its primary mission is to provide technical capacity building support and assistance in areas relating to promoting sustainable trade and development policies to countries within the Asia-Pacific region.

CACCI President & SME Chairman proud to be judging 2017 World Chambers Competition

Taipei – The ICC World Chambers Federation has invited key members of CACCI to serve as judges in the 2017 World Chambers Competition. CACCI President Mr. Jemal Inaishvili and CACCI SME Development Council Chairman Mr. George Abraham have accepted the invitation to take part in the judging process.

In accepting the invitation, Mr. Inaishvili said: “It is certainly a great honor for CACCI to be once again offered the opportunity to take part in this important awards programme of the ICC World Chambers Federation.”

Under the umbrella of the World Chambers Congress, the Competition gives an opportunity for chambers to improve and enhance their services as well as to strengthen their SME constituencies. After a thorough assessment by a prominent and experienced jury, four finalists will be chosen from each of the four categories to join their peers in Sydney during the 10th World Chambers Congress in September 2017 and present their initiatives live. The four categories featured this year are: Best CSR project, Best job creation and business development project, Best unconventional project, and best education and training project.

Mr. Inaishvili has been assigned to judge the Best job creation and business development project, and Mr. Abraham will evaluate entries for the Best unconventional project.

Some chambers from the CACCI network have submitted projects for this year’s Competition. In the past, CACCI member chambers have been extremely successful in making it to the Competition finals.

CACCI President to Lead Delegation to Nepal on June 28-30

Taipei – CACCI President Mr. Jemal Inaishvili has been invited by The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) to make a Presidential visit on June 28-30, 2017, and is inviting CACCI members to join the delegation.

The CACCI Presidential visits are intended to give the CACCI President and members of his delegation 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 heads of state, economic ministers, and other high-ranking government officials to seek support for CACCI; and meet the top businessmen in the host country, particularly those from industries or sectors that the host country wishes to promote.

The itinerary for the visit will be sent to members, along with other relevant information (e.g., hotel accommodation), as soon as FNCCI has made the necessary arrangements. In the meantime, should members wish to meet with specific businessmen in Nepal, visit specific local companies or organizations, or conduct specific activities during the trip, please let the CACCI Secretariat know so they can convey the request to FNCCI for their consideration.

Members are encouraged to join President Inaishvili on his visit to Nepal, and avail yourselves of the opportunity not only to establish contacts with key representatives from the private and government sectors of Nepal, but also to learn first-hand the business conditions and opportunities available in the country.

CACCI President Inaishvili attends One-Belt, One-Road Summit in Beijing

Beijing – At the Summit in May 14-15, 2017, Chinese President Xi Jinping urged multilateral institutions to join the One-Belt, One-Road Initiative, stressing the importance of rejecting protectionism in seeking global economic growth. President Xi pledged US $124 billion for the new Silk Road which aims to bolster China’s global leadership ambitions by expanding links between Asia, Africa, Europe and beyond.

Leaders from 29 countries attended the Belt and Road forum, as well as the heads of the United Nations, International Monetary Fund, and World Bank.

CACCI President Invited as Judge for the 2017 World Chambers Competition

CACCI President Jemal Inaishvili

Taipei – CACCI President Mr. Jemal Inaishvili has been invited to be a Judge in selecting the finalists of this year’s World Chambers Competition, which is a global awards programme that recognizes the most innovative projects undertaken by chambers of commerce from around the world.

The four categories for which Mr. Inaishvili will be a Judge include Best CSR Project; Best job creation and business development project; Best SME financial project; and Best unconventional project.

The Competition is once again a key component of the 10th World Chambers Congress. During the Congress, the finalists will present their projects live. Mr. Inaishvili will also judge serve as judge for the final round and help select the winners.

B20 Germany Invites CACCI President Inaishvili to B20 Health Conference in Berlin

Berlin – CACCI President Mr. Jemal Inaishvili, who is a member of the B20 Task Force on Trade and Investment, has been invited to attend the B20 Health Conference to be held on May 18 at the Gasometer EUREF-Campus in Berlin.

The German G20 has placed health high on its agenda. It considers global business as indispensable in ensuring that health systems contribute to sustainable, inclusive and future-oriented economic growth and development. During the past five months, more than 100 global enterprises and organizations have become part of the B20 Health Initiative to define the recommendations of the Health Business Community towards the G20.

On May 18th 2017, the B20 Health Conference will be the highlight of the B20 Health Initiative. During this high-level event, the B20 recommendations will be officially presented to German Health Minister Hermann Gröhe as a representative of the G20 Health Ministers Conference.

Panelists and over 300 B20 affiliated business representatives as well as representatives from international organizations and politics will meet in Berlin to discuss the policy recommendations.

CACCI President Invited to 28th Annual Session of the Crans Montana Forum in Barcelona

President Inaishvili attends WCF General Council Meeting in Paris

Paris – CACCI President Mr. Jemal Inaishvili attended the 1st Meeting for 2017 of the General Council of the World Chambers Federation (WCF) held on March 1, 2017 in Paris, France. As a transnational chamber, CACCI is a Permanent Member of the WCF General Council and is currently represented by President Inaishvili.

During the Paris meeting, President Inaishvili reported on the 50th Anniversary Celebration and the 30th CACCI Conference held in Taipei in November 2016; the election of new CACCI officers for 2017-2018, including the first woman Vice President of CACCI in the person of Mrs. Magvan Oyunchimeg, CEO of the Mongolian National Chamber of Commerce and Industry; the holding of the CACCI Summit Meeting to chart CACCI’s roadmap for the next five years; the issuance of the CACCI Policy Statement on “Promoting Ecomomic Empowerment of Women”; the presentation of the 1st Asia- Pacific Woman Entrepreneurship Award; and the ongoing survey seeking the views of CACCI members on the impact of Brexit and the Trump presidency (particularly his America-first policy) on their respective national economies and the economy of the Asian region as a whole.

President Inaishvili was accompanied at the meeting by CACCI Director-General Amb. Victor C. Y. Tseng and Deputy Director-General Mr. Amador R. Honrado, Jr.

The WCF is a global network of 12,000 chambers that aims to help individual chambers to become more productive and strengthens links among them. The General Council is the governing body of WCF that sets the strategic direction and development of WCF’s services.

To see more photos of this event:

https://archive.cacci.biz/gallery/paris2/

CACCI President hopeful of productive and meaningful Sydney Conference in September 2017

During the CACCI Planning Committee Meeting in Paris March 2nd 2017, CACCI President Mr. Jemal Inaishvili spoke about this year 31st CACCI Conference to be held jointly with ICC World Chambers Federation in Sydney. Here is his complete speech.

Ladies and Gentlemen:

Thank you very much, Chairman Peter Mihok and Mr. Stephen Cartwright, for your kind and warm words of welcome.

On behalf of the other delegates, I wish to express my deep appreciation to both of you – and other key officers of the ICC-World Chambers Federation and the New South Wales Business Chamber – for their very strong support of CACCI and its activities, and for co-organizing today’s meeting. We are certainly heartened by your warm hospitality and the excellent arrangements made for this morning’s gathering to ensure that everything is in order and that the delegates are well taken cared of.

And to the rest of the meeting participants, good morning to all of you. It is indeed my great pleasure and honor to welcome you to today’s meeting of the CACCI Planning Committee. To our friends from overseas, welcome and thank you for traveling long distances to be able to participate in today’s discussions. And to the representatives from ICC World Chambers Federation, let me express my sincere appreciation for taking time off from your work and busy schedule today to prepare for and join this important meeting.

As you are aware, the CACCI Planning Committee plays a vital role in the functioning of the Confederation – as it is given the mandate to help implement the decisions of the CACCI Council and to undertake activities that would effectively carry out the programs of the Confederation.

As in past meetings of the Committee, our primary task today is to review and plan our activities for the coming year and discuss how to implement them in a way that would best serve the interest of our members, particularly those pertaining to the 31^st CACCI Conference which – for the first time – will be held within the framework of the ICC WCF’s 10^th World Chambers Congress scheduled in September this year

We value your views on this regard and would like to encourage you to participate in the deliberations – particularly on how we can make the upcoming Sydney event this year productive and meaningful to our members and guests.

Let me, therefore, reiterate my appreciation to all of you for coming to this meeting. With your active participation, I am confident we will have a fruitful discussion today.

To read the full report about the CACCI Planning Committee Meeting in Paris 3/2/2017:

CACCI Planning Meeting in Paris “Preparing for Sydney 18-21 2017”

To see the photos of the event:

https://archive.cacci.biz/gallery/paris/

CACCI President invited to Global Chamber Platform (GCP)

Paris – The Chairman of the Global Chamber Platform (GCP) Mr. Christoph Leitl and EUROCHAMBRES President Mr. Richard Weber cordially invited CACCI President Jemal Inaishvili to the annual gathering of the Global Chamber Platform this 2^nd of May in Berlin, Germany on the occasion of the B20 Summit.

Dominic Boucsein, Senior Policy Advisor of Eurchambres issued the invitation letter to the CACCI Secretariat which gladly received the invitation to this important event relevant to all international chambers.

This year’s GCP will discuss the many challenges the global economic environment is currently facing as well as the position of the GCP regarding the outcome of the B-20 Summit.

The GCP was launched in 2002 by the Eurochambres (Association of European Chambers of Commerce and Industry) to develop a coherent framework for Eurochambres and its relations with partner organizations around the world.

CACCI joined the GCP in October 2003 during the 11th Annual Congress of Eurochambres, where Mr. K. K. Modi, then CACCI President, was invited as one of the panelists. The GCP usually holds its annual meeting in conjunction with the Annual Congress of Eurochambres. As GCP member, CACCI has always been invited to attend these annual meetings.

For the first time, the GCP will be represented at the B-20 Summit from May 2-3 in Berlin as an official networking partner.

CACCI President speaks at the Economic Chamber of Macedonia

Skopje – CACCI President Mr. Jemal Inaishvili participated as Speaker at the Roundtable organized by the Economic Chamber of Macedonia in Skopje on February 17, 2017 marking 95 years of Macedonia’s successful system of commercial chambers.

Entitled “Position of Small Countries in the International Economy: Advantages and Disadvantages,” the Roundtable was attended by renowned representatives of the business, science and business associations, former prime ministers and presidents from the region and beyond who work or come from small countries.

The event was initiated by the two-year work of the economic chambers and their members for development and revitalization of a very significant initiative – the initiative for connecting the entrepreneurs from small countries facing the challenges related to business management during particularly difficult times.

The Chamber has traditionally been organizing events to mark its anniversaries which are closely connected to the Chamber’s priority initiatives.

CACCI President Invited to the B20 Joint Taskforce Meeting in Paris

Paris – The B20 Germany has invited CACCI President Mr. Jemal Inaishvili to attend the B20 Joint Taskforce Meeting scheduled to take place on March 22, 2017 in Paris. President Inaishvili is member of the B20 Task Force on Trade and Investment.

To be held in cooperation with Business at OECD (BIAC) and the OECD, the final meeting of all B20 Task Forces and Cross-thematic Groups before the B20 Summit in May will focus on the advocacy of B20 recommendations prior to the G20 Sherpa meeting.

The agenda for the Special B20 Germany-OECD-BIAC Session aims to further strengthen the ongoing G20-B20 dialogue with input from the OECD and BIAC. Speakers and attendees will include leaders from the B20 and BIAB business community, selected Sherpas from G20 economies, senior OECD and G20 government officials, and the OECD leadership. This session should allow participants to engage in dialogue on the Germany G20 Preidency priorities, share the B20 Germany recommendations, and benefot from OECD knowledge and experise on global economic governance and challenges to build momentum for Germany G20 Hamburg Summit in July 2017.

The B20 – currently chaired by Germany – is a platform that serves as in intermediary group between G20 governments and the international business community. Its primary mission is to deal with the urgent and significant global issues by developing actionable recommendations from global business leaders to the G20 Leaders.

The seven task forces and cross-thematic groups of the German B20 Presidency focus on: (a) Energy,Climate and Resource Efficiency; (b) Digitalization; (c) Financing Growth and Infrastructure; (d) Trade and Investment; (e) Employment and Education; (f) Small and Medium Enterprises; and (g) Responsile Business Conduct and Anti-Corruption.

CACCI President invited to Macedonia

Skopje – CACCI President Mr. Jemal Inaishvili is being invited by the Economic Chamber of Macedonia to participate as speaker in a roundtable on February 17, 2017 marking 95 years of Macedonia’s successful system of commercial chambers. The Chamber has traditionally been organizing events to mark its anniversaries which are closely connected to the Chamber’s priority initiatives.

For 2017, under the auspices of H.E. Prof. Dr. George Ivanov, President of the Republic of Macedonia, the Chamber is organizing a roundtable entitled “Position of Small Countries in the International Economy: Advantages and Disadvantages.”

World renowned representatives of scientific and business communities, both domestic and international are expected to attend the roundtable, which will be held in Skopje.

CACCI President joins B20 Germany Task Force

Berlin – CACCI President Mr. Jemal Inaishvili was accepted as member of the B20 Germany Task on Trade and Investment, and attended the first meeting of the Task Force held on December 2 in Berlin. Mr. Inaishvili also participated in the B20 Conference on “Resilience, Responsibility, Responsiveness – Towards a Future-Oriented, Sustainable World Economy” on December 1. The B20 Conference brought together all Task Forces and Cross- Thematic Groups for joint conference in Berlin.

The B20 – currently chaired by Germany – is a platform that serves as an intermediary group between G20 governments and the international business community. Its primary mission is to deal with the urgent and significant global issues by developing actionable recommendations from global business leaders to the G20 Leaders.

The seven task forces and crossthematic groups of the German B20 Presidency focus on: (a) Energy, Climate and Resource Efficiency; (b) Digitalization; (c) Financing Growth and Infrastructure; (d) Trade and Investment; (e) Employment and Education; (f) Small and Medium Enterprises; and (g) Responsible Business Conduct and Anti-Corruption.

CACCI President attends 2016 Global Diaspora Business Summit in Singapore

Singapore – CACCI President Mr. Jemal Inaishvili was invited as one of the speakers at the 2016 Global Diaspora Business Summit (GDBS) held on November 28-29, 2016 in Singapore. The GDBS is designed to provide a platform for successful diaspora global entrepreneurs to meet and discuss mutually beneficial business opportunities available in the region. The theme of GDBS 2016 is “One Belt One Road”.

Invited speakers shared insights on opportunities brought about by the One Belt and One Road Initiative and the impact on the economies of China, ASEAN and India. The Global Diaspora Business Summits are organized by The GA Group Pte Ltd., of which Mr. George Abraham is the Chairman and Managing Director. The GA Group Pte Ltd. is a Lifetime Special Member of CACCI and Mr. Abraham is Chairman of the CACCI SME Development Council. CACCI was one of the Supporting Organizations of this year’s Summit.

CACCI is about personal relationships and networking, said CACCI President in radio interview

Taipei – This is the transcript of CACCI President Jemal Inaishvili’s live interview with ICRT FM Radio Taipei on November 24th 2016 during the 30th CACCI Conference in Taipei. During the interview, President Inaishvili emphasized the particular importance that CACCI plays in international business. Despite advances in technology and communications, the personal contact and cordiality typical of CACCI activities makes the Confederation an ideal platform for business development. Here the complete interview.

DJ Paul Meador:

We want to go back to the Marriot Hotel where the big 3-days conference for the Confederation of Asia-Pacific Chambers of Commerce and Industry is on-going. We are very fortunate to have with us on the phone this morning Mr. Jemal Inaishvili from Georgia.

Mr. Inaishvili, congratulations on your 50^th anniversary!

CACCI President Jemal Inaishvili:

Thank you.

DJ Paul Meador:

Tell us something about the organization itself for those who may not be familiar with it.

CACCI President Jemal Inaishvili:

It will be a great pleasure, thank you.

The organization was established in May 1996. At that time, it included Taiwan, Hong Kong, Japan, Korea and The Philippines. Since then, our organization has grown in the region and now we have 27 members, including 2 from Taiwan. The organization goes from New Zealand to Russia, and so on. It also includes Mongolia, Turkey, and Georgia, the country that I am from and which is also a member of CACCI today.

DJ Paul Meador:

It is an interesting theme that you have for the anniversary conference this year, “The rise of Asia: Taking a Bigger Role in the Global Economy.” Can that happen?

CACCI President Jemal Inaishvili:

Yes, definitely because the Asian economy is already the locomotive of the global economy. It is the industrial hub of the world, and this trend will definitely continue. We believe so very much.

DJ Paul Meador:

Some difficult things are happening around the world. There is a new president of the United States. There is also Brexit in Britain. There is a lot of difficulty around the world.

CACCI President Jemal Inaishvili:

Yes, but the world will growth anyway, even when considering a slow-down in the world economy, with commodity prices at the lowest levels compared to previous years. But the world has to grow, the economy has to grow anyway. The role of Asia will be very important and significant.

DJ Paul Meador:

I believe that to be true as well. Now, what other policies are you seeking or projects in the 50^th anniversary conference.

Jemal Inaishvili, CACCI President

CACCI President Jemal Inaishvili:

We are a non-government organization so we have 27 national chambers and organizations from different countries and with different economies. None of them are at the same level of cost. We have strong economies and as well as weak economies present in the CACCI organization. For us is important to continue these relationships between members, to exchange ideas, and to be the platform for business and networking.

This is very important because even in today’s world with a lot of alternative sources for trade and networking, we believe that the personal relationship remains very important.

We continue doing so and are always organizing this conference every year with gatherings and meetings for business leaders.

DJ Paul Meador:

You have so many countries involved in your organization and it covers a vast area with different cultures. How you keep it all together?

CACCI President Jemal Inaishvili:

Actually you are right.

If you consider the region, we are the biggest regional organization by the population represented and the size of the economies.

It is not easy task but we have a small and very effective office here in Taipei since the establishment of CACCI. The CACCI Secretariat is based in Taipei.

It is a big task of course. But as I said we have a good, small and very effective staff.

DJ Paul Meador:

Mr. Inaishvili. We really appreciate taking time out of your busy schedule. I know how busy it is today and tomorrow as well when the conference wraps up.

We wish you all the best. Thank you.

CACCI President Jemal Inaishvili:

Thank you very much. Thank you. I wish you the best too.

DJ Paul Meador:

Jemal Inaishvili, the President of the Confederation of Asia-Pacific Chambers of Commerce and Industry, currently holding their 3-days conference, their 50^th anniversary conference at the Marriot Hotel in Taipei. We really do appreciate him visiting with us.

CACCI President recollects 50 years of success

Taipei – CACCI President Jemal Inaishvili lead the 30th CACCI conference in Taipei where over 400 delegates from 22 Asia Pacific countries convened to celebrate CACCI’s 50 anniversary as well as to prepare CACCI’s agenda for the future.

Here are CACCI President Jemal Inaishvili’s comments…

CACCI President recollects
50 years of success

As we celebrate the 50th anniversary of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI), it is important to remember its progress and achievements.

Conceived in Taipei on May 1966, at the time when Asia Pacific was divided by the politics of the Cold War, epitomized by the Vietnam War; and cornered by widespread poverty, CACCI was created by a group of visionary business leaders as a partnership between Asian businessmen to develop businesses and coordinate policies promoting economic growth.

Despite seemingly insurmountable socioeconomic differences, 6 chambers of commerce, some regional and some national, enunciated a very idealistic goal of business cooperation and economic growth.

From that humble beginning in 1966, CACCI gradually started building relationships among businessman of dissimilar industries, from banking to chemicals across the Asian geography and contacting national chambers of commerce to coordinate policies, offer services, exchange information and build trust among business leaders and governments.

A car magnate from the Philippines, Demetrio Munoz, took CACCI leadership in 1966. Then a cement industrialist from Taiwan, Koo Chen-Fu, later a railroad magnate from Japan, a chemical industrialist from Korea, bankers from Taiwan and the Philippines, Indian tycoons and many other Asian magnates took personal responsibility to promote CACCI’s ideals to help Asia become wealthy and more united.

They traveled all over Asia meeting business and political leaders at the highest level, national chambers of commerce, conglomerates, associations of small entrepreneurs and indeed any stakeholder interested in promoting business and economic growth.

During the 60’s up to the 80’s, Asia’s economic conditions were fragile, except for few successful economies such as those of the “4 Asian Dragons” (Hong Kong, Singapore, South Korea, Taiwan), Japan, Australia and New Zealand.

Yet, CACCI overcame challenges of coordination and communication with members all over Asia, established a permanent Secretariat in Taipei in 1981, allied with international organizations such as International Chamber of Commerce (ICC), Asian Development Bank (ADB), ASEAN-BAC (Business Advisory Council) among others, gained recognition by the United Nations and became stellar supranational organization leading at the highest levels of government, policymaking and business.

Indeed, CACCI has managed to establish fruitful relationships with Presidents, Ministers, international organizations and national chambers across Asia and the world.

Asia as a whole, has overcome poverty, wars (from Middle East to Afghanistan, Vietnam and others) oil crisis (1973, 1979), currency shocks (Plaza accord 1985), financial crisis of 1997 and 2007, lurking protectionism, and so many other challenges.

CACCI’s commitment to promote and defend the business interest of its Asia Pacific constituencies remain unwavering.

Today, as we conclude our first 50 years, it is time to pledge, one more time, our commitment to continue promoting economic growth to improve the living conditions of the Asian people as the Philippine business visionary, and former CACCI President Dr. Aurelio Periquet, once said in 1965.

CACCI President attends Madrid Meeting of the ICC World Chambers Federation

Madrid – CACCI President Mr. Jemal Inaishvili attended the 2nd Meeting for 2016 of the General Council of the ICC World Chambers Federation (ICC-WCF) held on October 12-13, 2016 in Madrid, Spain.

As a transnational chamber, CACCI is a Permanent Member of the WCF General Council and is currently represented by President Inaishvili. The WCF is a global network of 12,000 chambers that aims to help individual chambers to become more productive and strengthens links among them. The General Council is the governing body of WCF that sets the strategic direction and development of WCF’s services.

CACCI President Visits Taipei to discuss Conference preparations

Taipei – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), recently visited Taipei to meet with key officers of the Chinese International Economic Cooperation Association (CIECA), the Chinese National Association of Industry and Commerce (CNAIC), the CTBC Bank, and the CACCI Secretariat to discuss preparations of the upcoming 30th CACCI Conference to be held on November 23-25, 2016 in Taipei,Taiwan.

Discussions focused on the latest Conference program, speaker line-up, promotional activities, and preparations for the various meetings and social functions, among others.

CACCI President Joins Other Business Leaders at the SRCIC Silk Road Business Summit in Xi’an, China

Xi’an – CACCI President Mr. Jemal Inaishvili attended the SRCIC Silk Road Business Summit and Development Cooperation Conference held on September 6-8, 2016 in Xi’an, China. The three-day event was co-sponsored by China Chamber of International Commerce (CCOIC), Silk Road Chamber of International Commerce (SRCIC) and the Chinese Council for the Promotion of International Trade (CCPIT).

Mr. Inaishvili joined the over 500 delegates who participated in the conference, such as business leaders, government representatives, envoys from foreign embassies and chairmen of trade associations from 52 countries including Georgia, Azerbaijan, Bulgaria and Greece, heads of international organizations including UNESCO and foreign curators, among others.

CCPIT Vice Chairman Wang Jinzhen (shown in photo) said the One-Belt One- Road initiative is a long-term systematic project that requires both cooperation between countries and participation of business associations and non-government institutions.

CACCI President Mr. Inaishvili Attends B20 Summit in Hangzhou

Hangzhou – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), was invited to participate the in the B20 Summit held on September 3-4, 2016 in Hangzhou, China.

Coinciding with the G20 Summit in Hangzhou, the B20 Summit 2016 gathered G20 leaders, CEOs and leading thinkers to deliberate on key issues facing the global economic development by sharing views on “Innovation-Driven Growth’, “More Efficient Global Economic and Financial Governance,” “Robust Trade and Investment” and “Inclusive and Connective Development”.

B20 provides a significant platform for the international business community to participate in global economic governance, international economic and trade regulation.

CACCI President Inaishvili Meets with Bulgaria’s Minister of Transport, Information Technology and Communications

Sofia – CACCI President Mr. Jemal Inaishvili called on Mr. Ivaylo Moskovski, Minister of Transport, Information Technology and Communications of the Republic of Bulgaria, during his visit to Sofia on July 21.

CACCI President Meets with Bulgaria’s Minister of Regional Development and Public Works

Sofia – CACCI President Mr. Jemal Inaishvili met with Mrs. Lilyana Pavlova, Minister of Regional Development and Public Works of the Republic of Bulgaria during his recent visit to Sofia, Bulgaria on July 21.

CACCI President Meets with Bulgarian CCI Vice President

Sofia – CACCI President Mr. Jemal Inaishvili called on the Bulgarian Chamber of Commerce and Industry Vice President Mr. Georgi Stoev during his recent visit to Sofia, Bulgaria. The meeting took place on July 21 at the Chamber’s premises.

Mr. Inaishvili and Mr. Stoev discussed and exchanged views on several issues, including CACCI-related matters, activities of the Silk Road Chamber for International Commerce (SRCIC), activities of the Bulgarian Chamber of Commerce and Industry, and possible areas of cooperation between CACCI and the Chamber. Mr. Inaishvili likewise took the opportunity to invite Mr. Stoev and his Chamber colleagues to attend the upcoming 30th CACCI Conference on November 23-25, 2016 in Taipei. Also attending the meeting was Mr. Litien Chen, Director of Taiwan Trade Center, Sofia.

CACCI President Attends Crans Montana Forum in Vienna

Vienna – CACCI President Mr. Jemal Inaishvili participated in the Crans Montana Forum on Central to Far Eastern Europe that took place on June 29 – July 2, 2016 at the Niederösterreich Palace, in Vienna. The Forum aimed to put together all countries and key actors from Atlantic Ocean to Pacific Ocean to resume and strengthen their links. It also presented opportunities for Businesses and Government Officials to implement their strategies, strengthen relationships with partners and create new ones, and build cooperation opportunities.

The Crans Montana Forum is a Swiss Non-Governmental International Organization.Working with all major International Organizations, respected Governments, Business and Non-Governmental Organizations, its objective is to encourage international cooperation and overall growth. It works to promote best practices and to ensure a permanent dialogue between all those who handle high-level responsibilities.

CACCI President meets with CCIRF President

Moscow – Mr. Inaishvili was invited by the CCIRF to attend its VII Congress that took place on March 1, 2016 at the World Trade Center. During their Moscow meeting, Mr. Inaishvili updated Mr. Katyrin on the ongoing and upcoming activities of CACCI, and encouraged CCIRF’s participation in these activities. The meeting also saw the re-election of Mr. Katyrin as CCIRF President.

CACCI President welcomes members to Georgia

Tbilisi – An eight member CACCI delegation visited Tbilisi, Georgia on May 23-24, 2016 to gather first-hand information on the current economic and business conditions in Georgia and explore possible areas for foreign trade and investments in the country. The delegation was welcomed by CACCI President Mr. Jemal Inaishvili, who is from Georgia, as well as the other officers and members of the Georgian Chamber of Commerce and Industry (GCCI) led by GCCI President Mrs. Nino Chikovani.

The two-day program allowed the CACCI delegation to meet with various government officials and exchange views on trade and investment issues as well as identify areas where Georgia and CACCI member countries may strengthen their economic relations. The delegation also had the opportunity to network with GCCI officers, members and other local businessmen; visit three local companies representing various industry sectors; and experience some of the tourist attractions and places of interest in Georgia.

Highlights of the delegation’s visit include the following: Business Forum The delegates attended a Business Forum organized by GCCI to discuss investment opportunities in Georgia and possible areas of business cooperation. Held at the premises of the recently opened Tech Park Georgia. The Forum was opened by GCCI President Mrs. Nino Chikovani. In her Welcome Remarks, Mrs. Chikovani expressed her hopes that the CACCI visit would generate long-term business relationships between Georgia and CACCI member countries and that GCCI and CACCI would continue to work together for mutual development.

She invited CACCI members to invest in Georgia in diverse areas. In his Remarks, CACCI President Mr. Inaishvili said that Georgia is a country that offers plenty of opportunities for foreign investors and businessmen, given its growing market-based economy. He encouraged CACCI members to take advantage of the country’s economic strengths and potentials. The other speakers at the Forum included: Ms. Ketevan Gogitidze, Chief Specialist, Service Department at the Georgian Chamber of Commerce and Industry (GCCI), who gave a brief introduction on the GCCI and its various activities.

Created in 1960, the GCCI unites six regional chambers, up to a thousand of associations, companies, and banks, among others. GCCI takes part in the development of economic drafts, legislative and other acts. It leads systematic negotiations with its members, elaborates common opinion of business society, and submits it to the management of the country, its ministries and organizations. Implementing its infrastructural function the Chamber renders active service to business.

GCCI is also a member of the International Chamber of Commerce (ICC) and it follows as well as participates in the economic processes taking place in the country. Mr. Alexander Papaishvili from the Georgian National Investment Agency (GNIA). The GNIA is a sole public agency responsible for promoting and facilitating foreign direct investment in Georgia. It plays a moderator’s role between investors, government and local companies. GNIA serves as “one-stopshop” for investors. This includes providing general data, statistics, sector researches; organization of site visits & accompanying investors; access to Government at all levels/local partners; legal advising & supporting services. Mr. Elizbar Lominadze, Project Manager of the Georgia Industrial Development Group (GIDG). GIDG is the agency under the Ministry of Economy that is responsible for facilitating the development of the private sector in industrial manufacturing and agri processing.

Georgia is encouraging new businesses to help grow the economy through implementing industrial projects and diversifying economic activities. In one year, the GIDG created 16 investment projects worth about $80 million USD (190 million GEL) to present to interested investors. Mr. David Shiolashvili, Head of Research, Analysis and Monitoring Department at Enterprise Georgia. The Entrepreneurship Development Agency (Enterprise Georgia) was established in March 2014 under the Ministry of Economy and Sustainable Development of Georgia.

Enterprise Georgia is the first government institution in Georgia mandated to facilitate private sector (and in particular SME) development through a variety of financial and technical support mechanisms, as well as export support. At the same time the Agency is an integral part of the new State Program “Produce in Georgia”, initiated by the Prime Minister Irakli Gharibashvili to encourage domestic production and increase productivity and competitiveness of SMEs. Mr. Homer Yu, Secretary of Business Department at Kowloon Chamber of Commerce and concurrently Vice Chairman, China Council for the Promotion of International Trade Guangzhou Huangpu District Branch. Mr. Yu made a presentation on the proposal for the One-Belt, One-Road Eurasian Business Center to be established in Huangpu District, Guangzhou, China.

The Center will be part of the Euro Asia Trade, Culture and Exhibition Center (EATC) that the Government of Guangzhou HuangPu will establish for international organizations to work together in a functional environment, providing exhibition spaces for trade delegates to show their products for China and overseas visitors. Mr. Amador Honrado, Deputy Director General of CACCI, who gave a brief introduction on CACCI and its activities, particularly those that are aimed at providing a platform for networking among businessmen in the region and promoting regional cooperation.

Mr. Honrado also invited the meeting participants to the upcoming 30th CACCI Conference to be held in Taipei, Taiwan on November 23 – 25, 2016, which also marks the 50th Anniversary of CACCI. Tour of Georgia Tech Park Following the Business Forum, the CACCI delegation was given a tour of the Georgia Tech Park. The visitors learned that Georgia’s first tech park was built by the Innovations and Technologies agency, LEPL. It creates a united ecosystem for innovations and technology, and promotes development of innovative ideas. It is aimed at developing small and average-sized enterprises.

Meeting with the Partnership Fund

The delegation proceeded to Partnership Fund where they were received by its key officers led by Chairman Mr. David Saganelidze. Partnership Fund (PF) is a state owned investment fund, established in 2011. PF’s main objective is to promote investment in Georgia by providing co-financing in projects at their initial stage of development. PF has a mandate to invest only in Georgia. PF’s strategy is aimed at attracting and supporting private investors.

Visit to Zedazeni

The CACCI delegates visited Zedazeni, a leading beer and beverage company in Georgia located some 20 kilometers west of the capital city of Tbilisi. The company started construction of the production facilities in May 2011. It is equipped with most up-to-date equipment from the best European producers. The team has more than 20 years of experience working in the production and marketing of beer and beverages in Georgia.

Visit to Tegeta Motors

The visiting group proceeded to Tegeta Motors, which is a Holding Company offering a full range of auto products and services to corporate and retail customers. Tegeta Motors have five daughter companies: Tegeta Truck and Bus LLC, Tegeta Construction Equipment LLC, Tegeta Premium Vehicles, Transcaucasia Distribution Company and Toyota Center Tegeta.

City Tour

The delegation was accompanied by CACCI President Mr. Jemal Inaishvili to visit some of the country’s tourist attractions located just outside of Tbilisi. The group visited Kakheti, which is Georgia’s premier wine producing area. It is known to be a land of hospitable, openhearted and straightforward people who live surrounded by rugged mountains, ancient castles, magnificent churches. Sighnaghi is a town in Georgia’s easternmost region of Kakheti. It is one of the country’s smallest towns with a population of about 3,000. Its economy is dominated by production of wine and traditional carpets and is considered an important center of Georgia’s tourist industry.

Dinner Hosted by GCCI

The visit ended with a dinner hosted by GCCI, with cultural performance. It served as another occasion for further networking as well as for thanking the host chamber (led by Mrs. Nino Chikovani) and CACCI President Mr. Jemal Inaishvili for the excellent arrangements made for the visit and for their very warm hospitality.

CACCI President Meets Michael Barnett, Auckland Chamber’s Chief Executive

Jemal Inaishvili, CACCI President & Michael Barnett, Auckland Regional CCI Chief Executive

Auckland – CACCI President Mr. Jemal Inaishvili met with Mr. Michael Barnett, Chief Executive of the Auckland Regional Chamber of Commerce & Industry during the former’s visit to Auckland on March 23, 2016.

Mr. Inaishvili thanked Mr. Barnett for the continued strong support that the Chamber has extended to CACCI over the past years. He expressed his hopes that the Chamber will remain actively involved in CACCI, adding that the Confederation certainly needs New Zealand’s participation in the regional grouping, given the important role that the country’s economy and business sector play in the development of the Asia-Pacific region.

Mr. Inaishvili invited Mr. Barnett and his colleagues from the Chamber to participate in the 30th CACCI to be held in Taipei on November 23-25, 2016.

Mr. Barnett, who is Chairman of the Equal Employment Opportunities Trust,  is concurrently a Director of both the Auckland Chamber and New Zealand Chambers of Commerce & Industry. The NZCCI is one of the founding members of CACCI, which is celebrating its 50th Anniversary this year.

CACCI President visits Sri Lankan CCC Ratanunga

Colombo – CACCI President Mr. Jemal Inaishvili successfully led a six member delegation on a Presidential visit to Colombo, Sri Lanka from March 8-10, 2016. The CACCI visitors were received by the officers and members of the Ceylon Chamber of Commerce (CCC) and participated in meetings and activities arranged and organized by the Chamber.

Meeting with the Chairman and the CEO of Ceylon Chamber of Commerce

The CACCI visitors were received at the headquarters of the CCC by key officers led by Chairman Mr. Samantha Ranatunga, newly-elected CEO Mrs. Dhara Wijayatilake, and Senior Assistant Secretary General Ms. Lilakshini de Mel.

Both sides had an exchange of information and ideas on the current activities of CACCI and the CCC, and on how the two organizations can further strengthen their relationship for the mutual benefit of their respective members.

Colombo Tea Auction

The delegation proceeded to the Colombo Tea Auction located on Ground Floor auditorium of the CCC headquarters. The Colombo Tea Auction is known as the oldest and largest tea auction in the world. It is organized and conducted by the Colombo Tea Traders Association (CTTA) on behalf of the CCC.

The Colombo Tea Auction is held at the ground floor auditorium of the Ceylon Chamber office

Briefing on the Young Members Forum of the CCC

The delegation met with Ms. Gillian Nugaara, Assistant Secretary General and Chairperson, Young Members Forum (YMF) of the CCC. According to Ms. Nugaara, the YMF was formed in 2014 with an objective to identify, engage and develop the next generation of Sri Lankan leaders and entrepreneurs by providing growth opportunities through various programs, workshops and seminars.

CACCI Deputy Director-General Mr. Amador Honrado also gave some background information about the Young Entrepreneurs Group of Asia- Pacific (YEGAP) and encouraged YMF to take an active role in CACCI by participating in the activities organized by YEGAP, including the submission of nominees for the 6th Asia-Pacific Young Entrepreneur Award to be presented at the upcoming 30th CACCI Conference.

Meeting with the Board of Investment of Sri Lanka

The delegation was welcomed to the Board of Investment (BOI) of Sri Lanka by key BOI officers led by Mr. Nilupul De Silva, Director (Promotion) and Director-General Ms. Duminda Ariyasinghe. Mr. De Silva introduced the BOI as the Investment Promotion Agency of the Government of Sri Lanka, serving as the central facilitation point for investors. His office provides assistance and advice throughout the investment process, from the application stage to the commercial operation.

The delegation visits the Board of Investment (BOI) of Sri Lanka led by Nilupul De Silva, Director of Promotions

Visit to the Colombo Stock Exchange (World Trade Centre)

A fter the BO I meetin g, the CACCI delegation proceeded to the Colombo Stock Exchange located on the same building (World Trade Center) as the BOI. An officer from the Stock Exchange informed the CACCI visitors that the Colombo Stock Exchange (CSE) is a company limited by guarantee, established under the Companies Act No. 17 of 1982 and is licensed by the Securities & Exchange Commission of Sri Lanka (SEC).

Inauguration Sri Lanka Investment and Business Conclave 2016

On the evening of March 8, the delegation attended the Inauguration and Strategic Networking Reception of the Sri Lanka Investment and Business Conclave 2016 held at the Cinnamon Grand Hotel. Organized by the CCC, the Conclave aimed to provide an opportunity for Sri Lanka to showcase its economic potential to over 120 prospective investors, who attended the three-day event, which started on March 8. Foreign Investors from 27 countries took part in this event, with the largest numbers coming from Kuwait (25), South Korea (21) and China (17). The areas where investors were keen to find opportunities included Export Manufacturing Agriculture, Infrastructure Development, Export Services, local Knowledge Services, Power and Energy, Tourism and Leisure sectors.

The three-day conclave enabled over 125 overseas investors to network with nearly 130 Sri Lankan business executives, attending this event, representing top local firms. The Conclave also allowed the investors to meet up with top government officials and local business community during the B2B meetings.

CACCI President Inaishvili calls on Ceylon Chamber of Commerce officers

Colombo – CACCI President Mr. Jemal Inaishvili took off some time from his recent family vacation in January 2016 in Sri Lanka to meet with the key officers of Ceylon Chamber of Commerce (CCC) to discuss how CACCI can support the Chamber’s activities. Above photo shows Mr. Inaishvili (2nd from left) with CCC Chairman Mr. Samantha Ranatunga (middle), Mr. CACCI Tourism Council Chairman Mr. Anura Lokuhetty (left), CCC Senior Asistant Secretary General Ms. Lilakshi de Mel (2nd from right), and CCC Secretary-General/CEO Mr. Mangala P. B. Yapa (right).

CACCI President Meets Sri Lankan Finance & Ports Ministers

Colombo – CACCI President Mr. Jemal Inaishvili called on two Ministers of Sri Lanka during his recent visit to Colombo in early January this year. The first photo shows Mr. Inaishvili with Minister of Finance . Hon. Ravi Karunanayake, who is a Member of Parliament for the Colombo District and was the former Cabinet Minister of Commerce Consumer Affairs from 2001 to 2004.

The second photo shows Mr. Inaishvili with Minister of Ports and Shipping Hon. Arjuna Ranatunga, who has been a Member of Parliament for Gampaha since August 2015 and was former international cricketer and cricket administrator.

President Inaishvili appointed Vice-President of SRCIC

Hong Kong – CACCI President Mr. Jemal Inaishvili adds another hat to his growing list of officership positions in international organizations, this time as Vice Chairman of the newly launched Silk Road Chamber of International Commerce (SRCIC).

Mr. Inaishvili’s appointment was formally made during the launching of the SRCIC on December 20, 2015 in Hong Kong,. The SRCIC organizers cited Mr. Inaishvili for his “great contribution to the promotion of the Silk Road revival and international culture, trade and exchanges.”

Mr. Inaishvili congratulated the organizers for the successful launching of SRCIC, and thanked them for appointing him as Vice Chairman of the Chamber. “I believe that the SRCIC will greatly facilitate the participation and investment of the business sector – particularly those from the Asia-Pacific region –  in the 21st Century Silk Road. I am therefore thankful to you for giving me the opportunity to play a role in this regard by appointing me as Vice Chairman of the SRCIC,” Mr. Inaishvili said.

Expressing his support for the newly-launched initiative, Mr. Inaishvili told the organizers: “I and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) certainly look forward to working closely with you and the other SRCIC officers and members in helping the newly-launched organization achieve its objectives. With mutual support and cooperation, I am confident that our two organizations will be able to accomplish a lot in promoting economic growth of countries not only those covered by the SRCIC initiative, but in the Asia-Pacific region as a whole”.

The SRCIC is a newly-established international, non-governmental organization that aims to promote the renaissance of the Silk Road and to enable business participation in the investment and trade opportunities it offers.

CACCI President signs MOU with Investelligence Group’s CEO

Tbilisi – The Confederation of Asia-Pacific Chambers of Commerce and Industry has signed a Memorandum of Understanding (MOU) with Investelligence Group Pte Ltd.) in which the two organizations agree to set up an exclusive strategic partnership to promote and facilitate cross-border direct investments, partnerships, and business cooperation between CACCI members and other business enterprises.

The formal signing took place on December 14, 2015 in Tbilisi, with CACCI President Mr. Jemal Inaishvili and Investelligence Group Ltd. President Mr. Peter Panov as signatories.

Investelligence Group Ltd. Is the electronic investment platform for the Center for Investment Technology and Trade (CITT).  Founded through the participation of the Chamber of Commerce and Industry of the Russian Federation (CCIRF)  – a CACCI Primary Member – the. CITT is a worldwide platform designed to aid the selection of, and to invite investments into, specific innovative projects. Geographically, CITT focuses upon ensuring the interaction of the Russian business community with the countries of the Asia Pacific Region. CITT seeks to enable innovative methods in sourcing and attracting investments into the prospective projects. These solutions, together with extensive contacts within the global business community, guarantee the complete fulfillment of project support, all the way from partner search, to project implementation.

Under the MOU, CACCI agrees to: (a) Promote investelligence solution to its members; (b) Invite investelligence representatives to participate in their forums, conferences, seminars, business missions, etc.; (c) Assist investelligence representatives with setting up meetings with chambers of commerce and industries, business associations, government representatives, and individual members in CACCI member countries; and (d) Insert a link to investelligence website on CACCI website as its strategic partner organization.

For its part, Investelligence commits to:  (a) Provide the online solution for CACCI members to post, seek, review, qualify, and select partners and investment projects; (b) Regularly enrich/upgrade content and functionalities of the online solution; (c) Communicate and distribute its online solution to CACCI members; (d) Provide training to CACCI members and local distribution partners in implementing the online solution; (e) Provide technical and client support to CACCI members in implementing the online solution; and (f) Offer CACCI members special terms and conditions upon signing up on investelligence solution.

Both organisations have agreed to set up a Steering Committee to: (a) Build an implementation roadmap including timeline and milestones; (b) Regularly review progress; and (c) Share and propose ways to improve investelligence online solution.

CACCI President Visits Australian CCI & New South Wales Business Chamber

Sydney – CACCI President Mr. Jemal Inaishvili made a highly successful visit on November 25-27, 2015 to Australia where he and his 14-member delegation were warmly received by the officers and members of the Australian Chamber of Commerce and Industry (ACCI) and the New South Wales Business Chamber (NSWBC), called on key government officials, and visited a number of companies representing important industry sectors of the country. The three-day itinerary of the CACCI delegation from six countries brought them to Canberra, where they were hosted by the ACCI on November 25 and 26, and to Sydney where a full-day program was arranged for them by the NSWBC on November 27, 2015.

CACCI President Attends WCF General Council Meeting in Slovakia

Brastislava – CACCI President Mr. Jemal Inaishvili meets with other participants of the meeting of the General Council of the World Chambers Federation (WCF) held on October 1, 2015 in Bratislava, Slovakia.

The General Council is the governing body of WCF, of which CACCI as a transnational chamber organization, represented by Mr. Inaishvili, is a Permanent Member.

Visit to the High-Tech Park Administration

Minsk – On the afternoon of September 23, the delegation visited the High-Tech Park Administration (HTPA), where they were received by Mr. Yury Derevyanko, Head of Marketing and Development Department. Mr. Derevyanko explained that the Hi-Tech Park Administration was created to manage the High-Tech Park and is in charge of defining the trends and policies of the national software industry development.

Its main goals are to promote export-oriented software developing companies, to promote the competitiveness of the national hi-tech industry and to provide favorable economic, legal and other conditions for the development of R&D in information technologies and hi-tech exports as well as to attract foreign investments into this area. He pointed out that Belarus is among the top 30 countries for offshore programming, with its computer services exports per capita in 2014 exceeding that of India and the United States.

The delegation also learned from Mr. Derevyanko that High-Tech Park (HTP) Belarus provides special business environment for IT business with incentives unprecedented for European countries. Due to the legislative initiative of the Belarus government, IT companies are exempt from all corporate taxes, including VAT, profit, real estate and land taxes. Individual income tax has a fixed rate of 9% for the employees of HTP companies.

HTP attractiveness is based not on tax benefits and costs alone, but on knowledge, innovation and highly qualified human resources. Belarusian programmers get trained at the training centers of IBM, SAP, Oracle, Microsoft, and other world IT leaders. Another distinctive feature of Belarus developers is that on top of professional skill set, they also have deep knowledge in mathematics, engineering, physics, and other sciences. Currently 144 companies are registered as Park residents, half of which are foreign companies and joint ventures.

Visit to the Belarusian Potash Company

Mr. Alexandr Polyakov, Deputy Director General for Sales and Marketing and Mr. Ivan Kozlov, Manager for Sales Department receive the CACCI delegation

Minsk – The CACCI delegation visited the headquarters of the Belarusian Potash Company (BPC) where they were received by Mr. Alexandr Polyakov, Deputy Director General for Sales and Marketing, and Mr. Ivan Kozlov, Manager, Sales Department.

During the meeting, the delegation learned that the BPC was first established in April 2005, reorganized in September 2013, and currently sells potash for agricultural use as well as a feedstock for the production of NPK fertilizers, potassium sulfate, potassium hydroxide and the petroleum industry, among others. The main objective of the company is to fully satisfy the demand for mineral fertilizers, optimize the export delivery structure and maintain stability in the global market of mineral fertilizers.

The company has a market share of 19% and currently supplies its products to more than 60 countries all over the world, transporting potash in shiploads, containers and rail cars. It supplies potash fertilizers to Brazil and all Latin American countries, to China, India, and Southeast Asian countries.

Delegates pose at the lobby of the BPC headquarters

CACCI President Calls on Belarus Deputy Minister of Foreign Affairs

Deputy Foreign Minister Mr. Valentin Rybakov shares the country’s current economic and business situation to the delegates

Minsk – On September 22 2015, the CACCI delegation made a courtesy call on Mr. Valentin Rybakov, Deputy Minister of Foreign Affairs of the Republic of Belarus. In his remarks welcoming the visitors, Deputy Minister Rybakov thanked the delegation for taking time out to visit the country and to know more about its current economic and business situation, and to explore the trade and investment opportunities that the country offers. He cited the many attractions of Belarus as an investment destination, such as:

1. Political and social stability, pointing out that it is the only one among the 15 former CIS countries that has no ethnic and political problems, thereby making it a very safe and secure country.
2. The economic development program of the country, which he said was developed without being influenced by other parties and takes into account the traditions, culture and values of the country. He added that Belarus has preserved the best of what it had during the Soviet Union era.
3. Several economic strengths, including its big production of tractors, self-sufficiency in most agricultural products (e.g., milk, butter, livestock) which are competitive with those from New Zealand, Australia and Argentina, and strong IT companies. The country only imports what it cannot grow.
4. Quality education and a highly developed research potential, with various universities and research institutes having been successfully conducting applied and fundamental studies in quantum electronics, solid-state physics, genetics, chemistry, powder metallurgy, and other advanced fields.
5. The geographical location of the country, which is located along the “One-Road, One-Belt” initiative of China (which he termed as “The Economic Belt of the Silk Road). He said that Belarus is a founding member of the Eurasian Economic Union, which represents a market of 175 million people.

Kowloon Chamber of Commerce Chairman Mr. Conrad Lee (center) takes the opportunity of inviting Mr. Rybakov to the CACCI Conference in Hong Kong and presents him tokens of appreciation for receiving the delegation in Minsk

In response, Mr. Inaishvili conveyed his gratitude to Deputy Minister Rybakov for receiving the delegation and giving them the opportunity to introduce CACCI and its activities. He said that the visit was made upon the invitation of the Belarusian CCI, which he said has prepared a very good program for the two-day visit. He noted that Belarus is indeed one of the most successful countries in the region, with its strong industry and agriculture sectors, high-level of education, and intelligent and hard-working people. He therefore expressed his hopes that the visit to Belarus will help open up an important window for CACCI and its members to explore business opportunities in Belarus.

For his part, CACCI Director-General Amb. Victor C.Y. Tseng stressed the importance of making it easy for foreign visitors, particularly businessmen, to secure Belarusian visa – either from the Belarus Embassy in their respective countries or upon arrival at the Belarus airport. He explained that it took him almost three hours to get his landing visa since there was only one person in the counter to attend to a long queue of arriving visitors.

He added that, considering that the landing visa processing fee ranges from Euro 90 to Euro 180 (depending on the nationality of the applicant), visa issuance is a potentially good source of income for the country. In response, Mr. Rybakov said that the government recognizes the existence of this problem and is now doing its best to address this issue and to find a solution to make it easier for incoming businessmen to enter Belarus and conduct their business in the country.

The delegation led by CACCI President Jemal Inaishvili pose for a group photo at the Ministry of Foreign Affairs of the Republic of Belarus

Mr. Conrad Lee said that the visit brings an opportunity for him to know more about the country, adding that he believes the experience should generate interest among Hong Kong businessmen on the country’s investment opportunities. For his part, Mr. Hardeep Singh said that Belarus has so much potential, but the people must take an active part in promoting the country.

CACCI President Holds Successful Two-Day Visit to Belarus

Bel CCI Chairman Mr. Mikhail Miatlikov welcomes CACCI delegates in the Bel CCI headquarters

Minsk – Following his visit to Bangladesh early this year, CACCI President Mr. Jemal Inaishvili made another successful visit to another country, this time to Belarus where he and his eight-member delegation met with key officers and members of the Belarusian Chamber of Commerce and Industry, called on high-ranking government officials, and visited a number of companies representing important industry sectors of the country.

Held on September 22-23, the Belarus trip was a milestone as it was the first time that an official CACCI delegation visited the country. The visit was made possible upon the invitation of the Chairman of the Belarusian Chamber of Commerce and Industry (BelCCI), Mr. Mikhail Miatlikov. In his invitation letter to Mr. Inaishvili, Mr. Miatlikov said: “Taking into consideration the development of commercial and economic cooperation between Belarus and Asia-Pacific countries and to promote economic growth of our regions, the BelCCI would like to take the initiative of establishing mutually beneficial cooperation between our two organizations, and hereby invite you to visit the Republic of Belarus together with a business delegation.”

The delegation led by CACCI President Mr. Jemal Inaishvili meets with the Deputy Minister of Foreign Affairs of Belarus Mr. Valentin Rybakov (fourth from left)

During the two-day visit, the CACCI delegation met with: (a) key officers and members of the BelCCI; (b) the Deputy Minister of Foreign Affairs of Belarus Mr. Valentin Rybakov; (c) representatives of the National Agency of Investment and Privatization; (d) marketing and sales representatives of the Belarusian Potash Company; (e) key officers of the Great Stone Industrial Park in Belarus; and (f) the head of marketing and development department of the country’s High-Tech Park Administration.

These meetings provided the CACCI delegation the opportunity to introduce the Confederation, what its objectives are, and the activities it undertakes to achieve these objectives, as well as to invite the local businessmen to attend the upcoming 29th CACCI Conference in Hong Kong. On the other hand, the hosts informed the visitors of the trade and investment opportunities that Belarus has to offer, as well as elaborate on the investment policies and incentives provided by the country.

Here you can download a short summary of the Belarus economy in 2015:

https://drive.google.com/open?id=0B0H687o_b4QTRFRJTG5mMnB2TjA

CACCI President attends B20 Conference in Ankara

Ankara – CACCI President Mr. Jemal Inaishvili joins other delegates at the opening ceremony of the B20 Turkey Conference in Ankara on September 3, 2015. The Business 20 or B20 is an outreach group of G20 which represents the international business community. B20 presents a series of events with the purpose of developing recommendations and issuing relevant commitments from the global business leaders and business organizations to deal with the urgent and significant global issues. The B20 Turkey is chaired by Mr. Rifat HisarcıklıoğluB20, Union of Chambers and Commodity Exchanges of Turkey (TOBB) President and concurrently serves as CACCI Vice President.

CACCI President at the 9th World Chambers Congress in Torino

Torino – CACCI President Mr. Jemal Inaishvili makes a presentation at the Networks Session of the  9th World Chamber Congress held on June 11 in Torino, highlighting CACCI’s Product and Service Councils organized to promote greater business interaction among CACCI members who are in the same product or service line. Mr. Inaishvili also met Mr. Jianzhung Lu, Deputy President of China Chamber of International Commerce and Chairman of Tang West Market Group.

CACCI President Jemal Inaishvili Signs Statement of Support for IORA Women Mean Business at Turin

CACCI President Mr. Jemal Inaishvili attended the Australian Chamber of Commerce and Industry’s (ACCI) roundtable on Women Mean Business: Supporting Women’s Economic Empowerment across the Indian Ocean Rim held on June 11 on the sidelines of the 9th World Chambers Congress in Turin, Italy. During the meeting, Mr. Inaishvili, together with chamber leaders, Mr. John Danilovich, Secretary General, International Chamber of Commerce; Ms. Kate Carnell AO, Chief Executive Officer ACCI; and The Hon. Patricia Forsythe, Executive Director Sydney Business Chamber, signed The Statement of Support for IORA Women Mean Business, a non-legally binding document representing a tangible commitment from chambers towards advancing women’s economic empowerment within their own spheres of influence.

CACCI Presidential Delegation Visited 4th China Import Expo Kunshan (CIE 2015)

Jiang-Long Yu, China Chamber of International Commerce (CCOIC) Secretary General and Jemal Inaishvili, CACCI President

Kunshan – On May 21, members of the CACCI delegation led by President Inaishvili visited the 4th China Import Expo Kunshan (CIE 2015), which was held from May 20 to 23. The CIE is one of the first international fairs in China focused on boosting imports to the country. The exhibition venue covered 80, 000 square meters and was divided into two parts showcasing industrial products and consumer goods.

Kowloon CCI & CACCI officers

The products included six categories : metal processing, automation, environmental protection, household products, food and beverage, and electronic devices. The Expo attracted 681 companies from 43 countries, including those covered by China’s “One Belt, One Road” initiative. Trade promotion institutions and industrial associations from 20 countries also participated in the Expo. Delegations from Italy, Brazil, Laos, Cambodia and Vietnam joined the event for the first time.

CACCI President participates in World Business Leaders Conference in Kunshan, China

Kunshan – CACCI President Mr. Jemal Inaishvili led a twelve-member delegation to Kunshan, Jiangsu Province in China, to participate in the 4th World Business Leaders Conference hosted by the China Chamber of International Commerce (CCOIC) and the International Chamber of Commerce China (ICC China) on May 20, 2015. The 4th World Business Leaders Conference aimed at providing a platform for the global business community to discuss the latest trends and challenges on global trade and investment, promote close cooperation among the international business community, and share information and ideas on opportunities brought by world economic development. More than 300 delegates from over 40 countries and regions registered to attend the Conference.

Formally opened by Mr. Yin Zonghua, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) and CCOIC, the Conference brought together high-level representatives from the Chinese government led by Mr. Long Guoqiang, Vice Minister & Research Fellow, Development Research Center of the State Council; multilateral organizations such as the World Trade Organization and the Asian Development Bank; and business leaders from China and other Asian countries and elsewhere. They discussed and shared their perspectives on three important topics, namely:

– Influence of Asia-Pacific Economic Integration on the World – The session featured Chinese and foreign speakers who examined the interaction between the evolving economic integration in the Asia-Pacific region and global economic integration.

– Trade and Investment in the Era of Digital Economy – The session discussed the issue of how businesses, governments, and chambers of commerce and industry tackle challenges and take advantage of opportunities in this era of the digital economy to foster growth in trade and investment. One of the featured panelists in this session was Mr. Samir Modi, who underscored the need for enterprises to adapt to the digital economy; otherwise, their businesses will not be able to survive. He said that the right question for businessmen to ask is not what they can do with the new technologies made available by the digital economy, but what these new technologies can do for them.

– China’s Economic Reform Outlook and Global Business Opportunities – The session focused on the prospects of China’s economic reform and discussed what the new round of reform means for businesses and how they can seize opportunities brought by such reform. Mr. Jemal Inaishvili was one of the invited panelists in this session.

In his discussion, Mr. Inaishvili cited the “One Belt, One Road” development strategy started by the Chinese Government in 2013. This strategy refers as the New Silk Road Economic Belt that will link China with Europe through Central and Western Asia, and the 21st Century Maritime Silk Road, which will connect China with Southeast Asian countries. Mr. Inaishvili said that the One Belt, One Road policy is expected to boost levels of infrastructure development across Central Asia and the Southeast Asia countries, thereby helping to support economic growth and trade in these regions and providing opportunities for businesses in countries across the two regions.

Mr. Inaishvili added that the proposed Asian Infrastructure Investment Bank (AIIB) is expected to open up opportunities for the construction, telecommunications, and transportation sectors of the region and their respective allied industries. During the Conference, President Inaishvili was introduced by KCC Chairman Mr. Conrad Lee to Mr. Yu Jiang Long, Secretary General of China Chamber of International Commerce (CCOIC). During their meeting, Mr. Inaishvili took the opportunity to invite Mr. Yu and CCOIC members to participate in the upcoming 29th CACCI Conference to be held on October 29-30, 2015 in Hong Kong, and to consider the possibility of CCOIC taking the role of supporter/sponsor of the Conference. He also gave Mr. Yu a copy of the CACCI Coffee Table book.

CACCI President attends B20 IBAC Meeting in Washington D.C.

Washington D.C. – The CACCI President Jemal Inaishvili attended the Joint High-Level B20-World Bank Group Meeting and the First B20 IBAC Meeting in Washington D.C. IMF Managing Director Christine Lagarde addressed the joint high-level B20-World Bank Group on April 17 2015 in Washington DC.

Members of the B20 International Business Advisory Council — which include CACCI President Mr. Jemal Inaishvili and IBAC co-Chairman Mr. Rifat Hisarciklioglu – met for the first time during the Washington DC event. The meetings feature senior government and G20 officials and global leaders of the B20 business community and highlight the potential for stepped up G20 outcomes from strengthened public/private dialogue.

CACCI President Meets with Chamber Leaders of Ireland

Dublin – CACCI President Mr. Jemal Inaishvili meets with Mr. Ian Talbot, Chief Executive of Chambers Ireland (first photo) and shakes hands with Mr. Conor Healy, Chief Executive of Cork Chamber (second photo) during his visit to Dublin, Ireland in April 2015 .

Mr. Inaishvili exchanged ideas with Mr. Talbot and Mr. Healy on possible areas of cooperation between CACCI and their respective chambers, and invited both chamber leaders to attend the 29th CACCI Conference to be held on October 29-30, 2015 in Hong Kong. Chambers Ireland is Ireland’s largest business organisation with a network of Chambers of Commerce in every major town and region in the country.

Cork Chamber is the leading business organisation for the promotion and development of economic and commercial activity in Cork, the capital of the South of Ireland and the Republic of Ireland’s second largest City region. 

CACCI Presidential Visit to Bangladesh FBCCI and Government Ministers

Dhaka – On the 2nd and 3rd February, 2015, FBCCI hosted the CACCI Presidential Visit to Bangladesh. The President of CACCI, Mr. Jemal Inaishvilli and the President of FBCCI, Mr. Kazi Akram Uddin Ahmed joint hands in working with Bangladesh’s government and business leaders to promote the trade and job-creating benefits of the CACCI and Bangladesh Presidential Visit.

“The way to meet the goal of increasing Bangladesh’s export over the next five years is through having major trade and investment dialogues”. Mr Inaishvili also thanked FBCCI members who have worked very hard to organize meetings with the Bangladesh Ministry of Finance, Ministry of Industry and Commerce as well as dialogues with the Chairman, Bangladesh Board of Investment and Bangladesh Association of Banks.

In addition, the CACCI Presidential delegation had the opportunity to participate in the Joint CACCI and FBCCI Trade Forum. The Guest of Honour for the Forum is Professor Dr. Gowher Rivi, Advisor to the Honorable Prime Minister (International Affairs). The delegation also had the opportunity to network with prominent Bangladesh business leaders and enjoyed an enlightening factory visit to Beximco Pharmaceuticals.

Mr Inaishvilli emphasized the importance of the Presidential visit between CACCI and FBCCI; with plans to strengthen ties between the two organizations. He extends his sincere thanks to Mr. Kazi Akram Uddin Ahmed and the FBCCI for hosting the Presidential delegation.