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

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

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

Key highlights include:

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

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

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

For more details please download the brochure HERE.

CACCI President Peter McMullin AM leads successful Presidential Visit to Osaka

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

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

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

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

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

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

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

1 June 2025

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

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

2 June 2025

Visit with the Osaka Chamber of Commerce and Industry

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

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

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

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

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

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

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

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

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

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

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

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

Memorandum of Agreement Signing Ceremony

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

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

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

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

Asian Youth Economic Organizations Exchange Program

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

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

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

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

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

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

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

3 June 2025

Opening Reception and Tour of Expo Osaka 2025 Expo26

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

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

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

Dinner Hosted by Suntory and CACCI Vice President Daijiro Oshima

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

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

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

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

CACCI welcomes a variety of submissions, including:

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

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

The Product and Service Councils under CACCI include:

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

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

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

Content Submission Guidelines

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

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

(2) Required Submission Components

Each submission must include:

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

(3) Submission Policies and Publication Permission

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

(4) Time to Publication:

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

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

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

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

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

Summary

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

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

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

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

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

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

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

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

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

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

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

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

 Key Takeaways:

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

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

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

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

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

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

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

 Key Highlights:

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

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

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

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

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

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

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

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

The presentation files can be downloaded HERE.

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

2025 VCCI and CACCI hold successful Advanced Seminar on International Trade in Hanoi and Ho Chi Ming City

Vietnam Chamber of Commerce and Industry (VCCI) organized a two-day seminar on “Advanced Seminar on International Sales Contract, Payment and Security Tools in Foreign Trade 2025, ESG, Compliance” in cooperation with CACCI on 13-14 May 2025 in Hanoi and on 15–16 May 2025 in Ho Chi Minh City.

The well-attended training sessions were conducted by Pavel Andrle, an international trainer and consultant, long-time member of ICC Banking Commission and Commission on Commercial Law and Practice,  in conjunction with local Vietnamese lecturers.

DAY ONE

Mr. Andrle started the session by explaining the key conditions of international contract of sale, i.e. delivery conditions and payment conditions. He described the risks from the exporter´s and importer´s perspectives and importance of proper use of Incoterms 2020 and specification of relevant documentation. The discussion that followed on force majeure and hardship events in international trade was very relevant in the context of the current rise of geopolitical risks and trade wars. ICC model force majeure and hardship clauses were then presented and further elaborated.

The second lecture of the day was devoted to the payment terms of international contracts, above all from the exporter´s point of view. Use of documentary collections and documentary credits was explained with emphasis on practical aspects, risks involved, main problems and how to avoid them. The lecturer used many examples and case studies to demonstrate the importance of proper conditions in the underlying contracts and then in documentary collections and documentary credits themselves. Incorrect and conflicting delivery terms, improper choice and specification of requested documents and conditions in documentary credits often lead to delays, increase of costs and sometimes even to refusals of payment.

Participants of the VCCI course in Hanoi

Contract parties often agree on open account payment terms, i.e. payment after delivery. This arrangement is also true for the most of exports from Vietnam. However, exporters frequently experience payment delays and sometimes even payment defaults. Participants were very interested in various mitigation options, for instance use of payment security instruments such as payment demand guarantees or standby letters of credit. Considerable time was also devoted to trade (credit) insurance and receivable finance such as factoring, invoice discounting and other forms of supply chain finance.

DAY TWO

Mr. Andrle informed participants about the recent developments in the area of digitalization of trade finance, above all increasing use of electronic bills of lading and the relevant impactful UN Model law on electronic transferable records. ESG trends and (EU) regulation have significant impact on international supply chains. Vietnamese exporters to EU and other markets need to be fully aware about the current and incoming requirements of their buyers to remain competitive. The lecturer also briefly familiarized the participants with practices of banks in the area of compliance (AML, KYC, sanctions, etc.) and touched on sanction clauses which often appear in documentary credits and bank guarantees.

Participants of the VCCI course in Ho Chi Minh City

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

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

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

Key highlights include:

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

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

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

Webinar on Current Japanese Economy Status and Business Opportunities on 23 May 2025

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is inviting members and friends to participate in the webinar on “Current Japanese Economy Status and Business Opportunities” to be held on 23 May 2025 at 2PM Taipei time.

Jointly organized by the Japan Chamber of Commerce and Industry (JCCI) and CACCI, the 60-minute webinar features two distinguished experts, Mr. Kengo Nakayama, Senior Economist, Corporate Planning Division, Economic Research Office at MUFG Bank, Ltd., and Mr. Takeo Nakajima, Director-General, Innovation Department at Japan External Trade Organization (JETRO).

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

Mr. Nakayama and Mr. Nakaijima will then proceed to explain the current state of the Japanese economy and its investment opportunities. The Q&A section will be moderated by Dr. Darson Chiu, CACCI Director General.

AGENDA

2:00PM Opening Remarks by Peter McMullin AM, CACCI President.
2:05PM Welcome Remarks by Mr. Tetsuya Matsuoka, Deputy General Manager, International Division at Japan/ Tokyo Chamber of Commerce and Industry (JCCI/ TCCI).
2:10PM Overview of the current state of Japan economy by Mr. Kengo Nakayama, Sr. Economist, Corporate Planning Division, Economic Research Office, MUFG Bank, Ltd.
2:25PM Investment Opportunities in Japan by Mr. Takeo Nakajima, Director-General, Innovation Department, Japan External Trade Organization (JETRO).
2:45PM Q&A with Mr. Kengo Nakayama and Mr. Takeo Nakajima, moderated by Dr. Darson Chiu, CACCI Director-General.
3:00PM Closing Remarks.

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

To join the webinar, please register HERE

Invitation to FICCI LEADS 202

CACCI is pleased to invite its members to attend the 4^th Edition of FICCI LEADS being organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) on 10-11 September 2025 in New Delhi, India, with CACCI as Partner Organization.

Carrying the theme “Collaborations for Growth in a Transformative World”, FICCI LEADS 2025 will bring together thought leaders, policymakers, industry experts, change-makers from across the globe to discuss innovative solutions and strategic partnerships that can drive sustainable growth in today’s rapidly evolving landscape. The promotional flyer on the event can be downloaded HERE.

As Partner Organization, CACCI will enjoy complimentary registration of its members attending the event.

Given the timeliness and relevance of the issues to be covered by the event and the special benefits offered by FICCI, CACCI encourages its members to join his year’s FICCI LEADS 2025.

If you have further questions, please do let me know, or contact leads@ficc.com

Become a sponsors of the 39th CACCI Conference in Colombo

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

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

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

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

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

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

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

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

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

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

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

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

Background

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

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

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

The 2025 RCAP Meeting

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

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

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

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

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

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

Day One (April 25)

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

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

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

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

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

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

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

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

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

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

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

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

Day Two (April 26)

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

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

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

The panel discussants included the following:

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

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

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

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

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

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

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

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

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

Here we present the summary of the presentations.

SUMMARY

(1) Atif Ikram Sheikh, FPCCI President

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

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

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

Key Takeaways:

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

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

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

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

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

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

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

Key takeaways:

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

(3) Q&A session

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

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

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

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

Key Takeaways:

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

Copies of the presentations were sent to the participants.

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

ADB webinar on Asian Development on 9 April 2025

ABA invites you to join the 93rd Asian Impact webinar on 9 April 2025, Wednesday, 2:00-3:00 PM, Manila time, Asian Impact Webinar: Asian Development Outlook April 2025 Launch. Developing Asia’s growth has been solid, but significant risks lie ahead. Trade uncertainty is at an all-time high, and geopolitical tensions are escalating. Can the region overcome these challenges?

Please register at https://asianimpact.adb.org  You will receive a confirmation email containing the webinar link and password once you have successfully registered.

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

ABA encourages you to share this invitation.

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.

Webinar on Pakistan’s Business Opportunities on 18 April 2025

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

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

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

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

Agenda

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

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

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

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

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

2:40PM Q&A.

3:00PM Closing Remarks.

 To join the webinar, please register HERE.

Strengthening Leadership and Communication for Success

Effective leadership and communication are key drivers of organizational success. To support professionals in honing these critical skills, Anna Marie Periquet, Founder of YEGAP and current Advisory Council member, is introducing a Strategic Leadership and Communication Solutions Package designed to enhance leadership presence, improve decision-making, and foster collaboration.

This program offers tailored support through:

• Executive Coaching – One-on-one sessions focused on developing leadership confidence and tackling complex challenges.
• Corporate Training & Workshops – Practical sessions aimed at refining leadership, communication, and professionalism.
• Executive & Management Facilitation – Structured strategy meetings, team-building workshops, and leadership retreats to align teams and drive performance.

With flexible and cost-effective options, organizations can customize their engagement based on specific needs and goals. For more information, contact periquetconsulting@gmail.com.

Invitation to The 7th South Asian Business Leaders Conclave (SBLC) & South Asian Trade Fair on 19-21 May 2025

POSTPONED

Dhaka, Bangladesh will be the center of South Asia’s economic dialogue in May 2025, as the South Asia Business Leaders Conclave (SBLC) and South Asia Trade Fair bring together key figures from business, politics, and academia. Organized by the SAARC Chamber of Commerce & Industry (SAARC CCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), these events are set to foster regional collaboration and growth.

The 7th SBLC, to be held on May 19-20, 2025, will focus on the theme “Unity in Diversity, Our People, Our Future Together.” The event will feature an inaugural address by the Honorable Chief Advisor of Bangladesh and a Ministerial round with the Commerce Ministers of all SAARC member nations. The Conclave will offer a valuable platform for discussions on regional integration, trade, and the future of South Asian cooperation.

Parallel to the Conclave, the South Asia Trade Fair (May 19-21, 2025) will provide a unique opportunity for businesses to showcase their products and services, explore new trade opportunities, and connect with potential partners from across the region. This fair is an excellent venue for strengthening economic ties within South Asia and expanding trade links with East Asia.

Organizers extend a warm invitation to businesses and organizations to participate in these key events. The SBLC and Trade Fair offer a prime opportunity to engage with regional leaders, explore economic collaboration, and build valuable business networks in the heart of South Asia.

Also attached herewith one PDF file with information about the Conclave and the Trade Fair for further details.

ADB webinar on Regional Cooperation & Integration on 27 March 2025

CACCI is inviting members to join the 92nd Asian Impact webinar on 27 March 2025, Thursday, 2:00-3:00 PM, Manila time, Asian Impact Webinar: Harnessing the Benefits of Regional Cooperation and Integration. Regional integration in Asia and the Pacific contributed significantly to two decades of remarkable growth. Can deeper integration help navigate geopolitical and economic challenges while fostering a greener, more inclusive, and sustainable future?

Please register at https://asianimpact.adb.org  You will receive a confirmation email containing the webinar link and password once you have successfully registered.

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

YEGAP Executive Committee Holds First Meeting

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

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

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

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

YEGAP & YEAB Join Forces to Empower Young Entrepreneurs

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

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

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

Invitation to Attend the WCF Africa Summit 2025 in Nairobi

CACCI would like to extend the invitation from the World Chambers Federation (WCF) to attend the WCF Africa Summit 2025, taking place in Nairobi, Kenya on April 9-10, 2025. This landmark event, themed “Africa’s Global Future: Integrated, Innovative, and Sustainable,” will gather global and regional leaders, policymakers, and industry experts to discuss Africa’s trade future under the African Continental Free Trade Area (AfCFTA).

This summit offers a unique opportunity to engage directly with African business leaders and policymakers, explore the vast consumer market of 1.3 billion people, and support Africa’s long-term transformation goals under Agenda 2063. Gain first-hand insights into Africa’s business ecosystem and understand the implementation and opportunities of the AfCFTA.

For more details, please refer to the event website.

How to join:

1. Click here to sign up as a delegate — You will receive an acknowledgment of your registration.
2. Registration verification (within 48 hours) — Once verified, you will receive a confirmation letter that includes a visa invitation and a Kenya Airways discount link.
3. Additional information — Details on preferred hotels, visa process and other logistical information can be found here.

Should you have any specific registration inquiries, feel free to contact wcfsecretariate@kenyachamber.or.ke

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

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

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

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

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

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

CACCI Director General delivers Opening Remarks at 2025 Asia Connect Forum

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

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

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

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

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

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

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

SUMMARY

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

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

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

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

During the discussion, the following points were highlighted:

(1) Key Objectives and Framework of APGA

APGA operates in four main areas:

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

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

(2) The APGA Certification System

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

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

The evaluation process considers factors across three key ESG pillars:

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

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

(3) Case Study: Schneider Electric

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

(4) APGA Marketplace and Business Opportunities

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

(5) Collaboration with Chambers of Commerce

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

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

(6) Exclusive Membership Offer for Chambers

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

(7) Presentation’s conclusion

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

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

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

(a) Mr. Thompson highlighted the following points:

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

(b) Mr. Tan discussed the following points:

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

(c) Ms. Kwan stressed the following:

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

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

The presentation file can be downloaded HERE.

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

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

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

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

To join the webinar in Teams, please click below:

ICC One Click webinar

Meeting ID : 357 328 017 474

Password: qF3dz9qF

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

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

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

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

Pakistan and Bangladesh Establish Joint Business Council

An MoU has been signed between the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), to establish Pakistan – Bangladesh Joint Business Council (JBC) with the aim of strengthening and facilitating trade between both nations.

CACCI and SMF Leaders Meet in Singapore

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

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

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

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

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

MNCCI Welcomes New President

The Mongolian National Chamber of Commerce and Industry (MNCCI) has announced the election of Mr. Tur-Od Lhagvajav as its new President and Chairman of the Board. With a strong background in governance, transparency, and economic policy reform, Mr. Lhagvajav brings extensive experience in business advocacy and public service to his leadership role.

MNCCI plays a vital role in supporting Mongolia’s business sector and expanding its regional and global reach. A CACCI Presidential Visit to Ulaanbaatar is tentatively scheduled for June, providing an opportunity to engage with Mongolia’s business community and strengthen cooperation. More details on the visit will be shared as plans are finalized.

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

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

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

ISSUES TO BE DISCUSSED

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

AGENDA

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

Register in Zoom HERE.

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

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

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

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

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

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

Mr. Stuart Thomson appointed CACCI Vice President

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

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

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

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

Three Training Seminars on International Trade Terms for Spring 2025

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

The three proposed one-day seminars are on:

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

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

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

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

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

By attending the seminars, participants will be able to:

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

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

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

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

THE TRAINER

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

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

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

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

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

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

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

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

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

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

CACCI Planning Meeting To Kick Off 39th Conference Preparations

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

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

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

2024 CACCI Annual Report available

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

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

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

CACCI VP Atif Ikram Sheikh Hosts Tajikistan Delegation

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

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

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

CAMCA Regional Forum in Ulaanbaatar on 29 June 2025

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

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

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

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

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

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

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

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

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

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

Sincerely yours,

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

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

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

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

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

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

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

Webinar on Enhancing MSME Development in Timor-Leste

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

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

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

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

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

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

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

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

New CACCI Officers elected for 2024-2026

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

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

PRESIDENT

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

VICE PRESIDENTS

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

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

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

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

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

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

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

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

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

HONORARY TREASURER

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

BUDGET COMMISSION MEMBERS

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

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

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

YEGAP Khulan Davaadorj on Sustainability in Singapore

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

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

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

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

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

Love,

Khulan Davaadorj
Lhamour
YEGAP

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

Invitation to participate in the The Joint Regional Sustainability Survey

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

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

The key objectives of the survey include:

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

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

Onboarding for ADAMftd

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

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

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

(1) On-Demand Onboarding Webinar

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

(2)Weekly Office Hours Starting November 4th

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

TOBB Mehmet Büyüksimitci attends the CACCI Conference

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

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

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

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

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

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

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

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

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

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

Program Summary

Day One

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

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

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

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

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

Day Two

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

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

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

Plenary Session: Reshaping the Philippine Agriculture Landscape

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

Breakout Sessions

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

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

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

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

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

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

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

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

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

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

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

Side Activities of the CACCI Delegation

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

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

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

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

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

CACCI Partnership on the Europe-Asia Economic Summit 2025

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

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

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

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

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

Registration is now open!

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

Tentative Agenda is HERE.

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

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

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

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

Showcasing Nepal and The Globe Trade Fair on 12-16 December 2024 in Kathmandu

CACCI would like to invite members and friends to the 10th Nepal International Trade Fair on “Showcasing Nepal and The Globe” to be held from December 12-16 in Bhrikutimndap, Kathmandu, Nepal.

The main objective of this Fair is to promote Nepal’s international trade and enhance the growth of Nepalese exportable products. The event also provides an excellent opportunity for foreign buyers to meet Nepalese manufacturers and exporters in areas of specific interest.

The majot attraction of the Fair is the International Buyer-Seller and Product wise pavilion. In the trade fair, there will also be a country wide pavillion so that participating countries can showcase its products and services during the fair.

This Fair is an important platform to increase bilateral trade and economic cooperation between Nepal and neihboring countries.

For more details about the Trade Fair and details about registration and booth, please click HERE.

International Trade Council offers Online Courses

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

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

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

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

ADB webinar on Asian Development Outlook on 25 September 2024

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

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

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

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

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

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

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

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

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

Philippine PCCI invites CACCI to play at Golf Tournament

We wish to inform CACCI  members about the invitation from the Philippine Chamber of Commerce and Industry (PCCI) to join the Golf Tournament that will be held in conjunction with the 50^th Philippine Business Conference and Expo (PBC&E) being organized by PCCI on October 22-23, 2024. Attached are the Registration Form and Tournament Rules for your perusal.

Focusing on the theme “Embracing Innovation, Empowering Business, Enriching Lives”, this year’s PBC&E will explore sustainable growth strategies essential for businesses to thrive in today’s competitive landscape. A line-up of renowned speakers from both government and business sectors have been invited to address significant industry concerns, particularly in such sectors as ICT, agriculture, science and innovation and tourism.

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

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

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

More information about the 50th Philippine Business Conference and Gold registration can be downloaded HERE.

SME Development Council’s Newsletter available

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

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

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

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

Latest issue of the Asian Textile & Garments Newsletter is available

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

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

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

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

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

CACCI Journal of Commerce & Industry is available

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

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

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

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

CACCI Director-General Calls on KCCI Officers

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

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

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

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

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

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

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

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

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

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

LG Science Park

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

Hyndai Motor Studio Goyang

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

India’s booming with Investment Opportunities in Food Industry

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

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

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

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

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

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

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

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

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

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

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

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

AGENDA

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

14:05 Introduction by FICCI Representative

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

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

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

14:55 Closing Remarks & Vote of Thanks by MoFPI

15:00 End of Webinar

You may register for the webinar HERE.

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

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

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

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

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

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

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

Tentative Agenda:

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

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

02:35PM – Q&A Session

02:55PM – Concluding Remarks

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

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

38th CACCI Conference

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

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

Tentative Program
(As of 20 September 2024)

10 November 2024

Arrival of Delegates / Registration

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

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

11 November 2024

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

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

10:00-10:15 Coffee Break

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

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

12:15- 13:15 Lunch

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

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

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

16:15-16:30 Coffee Break

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

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

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

12 November 2024

08:00 Registration

09:00 Grand Opening Ceremony

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

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

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

09:35-09:40 Opening Mechanism

09:40 Presentation of Token of Appreciation to GOH

09:45-10:15 Coffee Break

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

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

13:15-14:30 Lunch

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

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

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

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

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

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

13 November 2024

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

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

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

Departure of Delegates

Registration Fees

Group Booking Perks

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

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

Excellent webinar on Bangladesh Business Environment held 27 June 2024

A successful webinar on “Bangladesh’s Business Environment” was held on 27 June 2024 featuring three distinguished speakers, namely: Mr. Mahbubul Alam, FBCCI President; Mr. Sheikh Fazle Fahim, CACCI Vice President and former FBCCI President;  and Mr. Md. Alamgir, FBCCI Secretary General. They provided valuable information on current economic trends and developments in Bangladesh, including its investment opportunities.

Jointly organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and CACCI, the 60-minute webinar presented important statistics on import and export levels as well as products that are currently geared towards export markets.

SUMMARY

Mr. Alam spoke about the resilience, determination and strategic partnerships that Bangladesh is currently building. He discussed about strong developments in garments and fresh-water fisheries in Bangladesh.

He described advancements in human resources development as large percentage of girls are being enrolled in primary and secondary education. Also, advances in national health conditions have reduced infant mortality rate dramatically.

Furthermore, he said that the government established an extensive social safety net that includes financial support and an investment friendly attitude in general that helps the economy maintain its rigor.

Mr. Fahim explained key economic features in the CACCI region such as a population representing 37.8% of the global population that produces 19.6% of the global GDP and some 19.7% of global exports.

Mr. Fahim also mentioned that CACCI has issued an important study on the value chain of Asian economies as China’s manufacturing evolves. Another point on his presentation was the Green Alliance Initiative established by the Singapore Manufactring Federation early in 2024. He said that such Initiative will help Asian SMEs work towards reduced carbon footprints.

Mr. Alamgir’s extensive presentation started with the observation that despite global turmoil, Bangladesh is growing because of two key factors: people’s resilience and a resourceful business community.

The country has a very young population, with 45% of its inhabitants at around 24 years of age, adding that some 4 to 7 million people have access to the Internet.

He said that there is political will in Bangladesh to create a business friendly environment for foreign investment. In fact, Bangladesh will be graduating into the middle income country group by 2030. Furthermore, it has set its goals for much higher income levels by 2041. To achieve these goals, Bangladesh wants to provide opportunities to foreign investors so they can transform into global business players.

The Prime Minister Office, the Ministry of Finance, and many other agencies are actually involved in fostering economic growth and business opportunities.

Bangladesh’s area is just as big as one state of the United States at 48,460 square kilometers but its population is much larger at 170 million inhabitants, the 8th largest in the world. With a GDP standing at US$459 billion in 2023, Bangladesh ranks 30th in the world.

Bangladesh has consistently improved its business climate to the point that it has not experienced negative GDP growth for decades and has grown at. 6% to 7% annually for almost 3 decades. According to the World Bank, it will continue to grow year after year into the future.

Bangladesh’s imports are larger than its exports at US$55.5 billion with cotton being the major import item, followed by steel bars, cereal, machinery, energy, and crude. Cotton is mainly used in the garments industry while oils imports are used to generate energy.

China is Bangladesh’s primary source of imports at around US$20 billion, followed by India, Singapore, Malaysia, and Indonesia.

In terms of top export markets, United States comes first, followed by Germany, UK, Spain, France, Netherlands, and India.

Alamgir mentioned opportunities in trade and investment such as footware, leather, garments, etc.. The flourishing ones are electronics and IT, frozen food. leather, and power, light engineering, automobiles, light industries. These are nascent industries that wiill flourish in the years to come.

Bangladesh has also streamlined its regulatory framework and now hosts 97 industrial zones ready for investments with very favorable tax incentive programs and exemptions for investors, allowiing up to 100% foreign ownership.

For instance, Banglesh features bonded warehousing facilities, and biotechnology operations from over 31 different countries.

During the second part of his presentation, Mr. Alamgir explained the role and activities that FBCCI organizes.

He said that FBCCI wants to become a place of business excellence, including policy advocacy mechanisms so that FBCCI becomes a trusted name among businesses. FBCCI’s main objective is to empower growing businesses by building a resilient business community. Thus, the Federation coordinates and promotes trade and investment fairs at home and abroad.

FBCCI also provides views on different issues related to government policies, trade, tax and investment. It wants to help companies increase productivity envisioning 2041, as one benchmark to achieve a happy and prosperous Bangladesh through investment.

The presentation files can be downloaded from the CACCI website HERE.

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

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

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

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

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

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

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

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

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

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

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

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

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

“Dear Colleagues,

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

Please see agenda.

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

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

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

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

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

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

CACCI Profile – June edition available

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

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

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

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

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

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

CACCI Webinar on “Bangladesh’s Business Environment” on June 27, 2024

CACCI is inviting members and friends to participate in the webinar on “Bangladesh’s Business Environment” to be held on 27 June 2024 at 2PM Taipei time.

Jointly organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and CACCI, the 60-minute webinar feature two distinguished speakers, Mr. Sheikh Fazle Fahim, Vice-President, CACCI and Mr. Mahbubul Alam, President, FBCCI; who will provide valuable information on current economic trends and developments in Bangladesh.

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

(1) AGENDA

2:00PM Opening Remarks and Overview on CACCI & Bangladesh by Mr. Sheikh Fazle Fahim, Vice-President, CACCI.
2:05PM Economy: Five Decades of Journey towards Smart Bangladesh by Mr. Mahbubul Alam, President, FBCCI.
2:10PM Introduction to FBCCI and Investment & Business  Opportunities in Bangladesh by Mr. Md. Alamgir, Secretary General, FBCCI.
2:50PM Q&A Session.
3:00PM End of Webinar.

(2) SPEAKERS

To join the webinar, please register HERE.

ACCI responds to Annual Wage Review outcome

The Australian Chamber of Commerce and Industry acknowledges the decision by the Fair Work Commission to raise the national minimum wage and modern award minimum wages by 3.75 per cent.

“This tests the acceptable limits for businesses. The outcome is slightly above current inflation and well over the Reserve Bank’s target range for inflation,” ACCI chief executive officer Andrew McKellar said.

“This decision is not in line with the trajectory needed to shore up the Australian economy, but it does not pose a significant inflation threat so long as productivity is addressed.”

“Over the past year, productivity has been flat at best. For the outcome of 3.75 per cent to be justified, it is essential that there is renewed growth in productivity as an urgent priority. This must be central to bargaining at an enterprise level.”

“This decision is further evidence of wages being de-linked from underlying productivity, which is not an economically prudent approach.”

The Fair Work Commission has ignored the extreme claims of the union movement. “This decision is a repudiation of the irresponsible five per cent demand from the ACTU,” Mr. McKellar said.

“Such an increase would have dangerously burdened the economy. It posed an unacceptable risk to inflation, and would have seen interest rates higher for longer.”

“Bringing inflation under control is central to the economic well-being of all. So long as inflation remains elevated, the buying power of every dollar diminishes.”

“Small businesses are grappling with significant increase costs as a result of the increased compliance burden and wages remain a concern in such an environment.”

“It is inevitable that businesses will need to pass increased costs through to consumers. Many small businesses are in a position where they simply cannot absorb any more.”

“Regulatory costs are going to increase further the impact of the governments industrial relations changes continue to flow through to the economy in such an environment business will need to pass on additional costs.”

ACCI Newsroom

Nominations for CACCI Office-Bearers for 2024-2026

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

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

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

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

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

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

3. Nominations will be accepted for the following positions:

Maximum number of nominees

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

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

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

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

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

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

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

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

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

Herewith we present to you a summary of their presentations.

SUMMARY

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Some of the presentation files can be downloaded HERE.

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

Message from Chairperson Asia Council on Textile and Garment

As a Chairperson of the Asian Council on Textile and Garment, I am honored to address pertaining issues of Textile and Garment Industry of Asia Pacific Region. As a member of this community would like the Textile Industry to proactively work towards bridging gaps in this region, to improve Trade Relations in Asia Pacific region. Hence increasing Economic growth along with sustainability by reducing carbon footprint, shifting legislatively to renewable energy sources and increasing environmental protection.

Textile and Garment is the largest cornerstone of global commerce, weaving together fashion, functionality, and innovation. The market size of textile in Asia Region is US$ 391.20 billion and encompasses a diverse array of products, from clothing and accessories to industrial and technical textiles. The growth of this industry directly fuel with an increase in consumer spending in fashion accessories, rising of population, growing middle class, rising demand for clothing and home furnishing products, and technological advancements in the industry. China, India, Bangladesh, Pakistan, Bangladesh, Australia, Vietnam, Taiwan, Japan, Thailand, Cambodia, Malaysia etc. are giants of textile exports and hold significant position in global textile markets.

Asia Pacific Region has an edge in production/manufacturing of cost effective, skilled labor and traditional textile and garments, branding, pricing, distribution network and innovation to attract global brands to establish textile and garments units in Asia Pacific Region. . At present, the demand of sustainable and eco-friendly textiles and garments are rising in Asia and Pacific market, driven by growing environment awareness among consumers. E-Commerce and digital economy are transforming the distribution and retail landscape of textile and garment in Asia.

From the platform of Confederation of Asia Pacific Chamber of Commerce and Industry, I would like to invite all countries to participate in APTEXPO 2024 to be held on the next day of CACCI Council Meetings and Annual Conference in Singapore from 13^th November to 15^th November 2024. APTEXPO 2024 will serve as a global platform for industry leaders, stakeholders, and innovators to convene, share best practices, and explore solutions that will drive the region’s textile and apparel supply chain forward. This Expo will also provide an opportunity to explore untapped textile market of Asia Pacific particularly and global market generally.

In the forthcoming months, we will expand our activities for the promotion of trade in textile and garment industry in Asia Pacific region by organizing webinars, business opportunities conferences, matchmaking activities, participation in exhibition etc. We will try our level best for enhancing businessmen of textile and garments in Asia and Pacific. Together, we will enhance share of textile and garment in global production and exports.

Shareena Safdar Janjua

Invitation to nominate to ASEAN Business Awards 2024

CACCI is pleased to convey to its members the invitation from the ASEAN Business Advisory Council to participate in the ASEAN Business Awards (ABA) 2024:

“We are delighted to announce that the ASEAN Business Awards (ABA) 2024 is now open for applications. This year’s ABA aims to recognize ASEAN business enterprises and individuals that drive growth through enhancing connectivity and resilience, as well as those prioritizing sustainability in their endeavors. The awards emphasize the importance of collaboration and community empowerment in pursuing a more inclusive ASEAN society, highlighting the crucial role of partnerships in fostering peace and prosperity throughout the region.

Interested companies and individuals can follow the guidelines and find the application forms in the following link, with application deadline on 31 July 2024:

ABA 2024 Application Forms and Guideline

VCCI and CACCI Hold a Well-Attended Advanced Seminar on Contract Sales Incoterms 2020 in Vietnam in May 2024

The Vietnam Chamber of Commerce and Industry (VCCI) and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) jointly organized two-day seminars each in Hanoi and Ho Chi Minh City in Vietnam. The advanced courses on Contract of Sale, Incoterms 2020 and Secured Payment Methods in International Trade took place on 27-28 May in Hanoi, and on 30-31 May in Ho Chi Minh City.

Both seminars were very successful in terms of both attendance and class participation. The Hanoi seminar attracted about 100 participants, while the Ho Chi Minh City seminar surpassed 200 participants, coming from a variety of industries, including exporting companies, banks, logistics companies, insurance companies and even law firms.

The seminars focused on securing exports overseas using the most popular payment methods in international trade

The seminars were conducted by the experienced trainer and consultant Pavel Andrle, long-time member of ICC (International Chamber of Commerce) Banking Commission and Commission on Commercial Law and Practice. His presentations, which were interpreted into Vietnamese language, focused firstly on best practices in relation to drafting of international contracts of sale, above all its main parts: delivery and payment conditions.

Participants learned about new Incoterms 2020, main features of each delivery term and possible issues to pay attention to. Special focus was given to documentation, i.e., how to choose the right documentation to match the relevant Incoterm and the limits which documents pose. For instance, there might be significant risks for the exporter – often a beneficiary of a documentary credit – if the FCA port of loading was agreed (suitable term for containerized shipments) but the documentary credit requires a shipped on board bill of lading (which is always the case). The new Incoterms 2020 deal with such situation but nevertheless the exporter should be very well aware of possible problems in getting the complying bill of lading in time!

The second part of the seminar was devoted to the proper use of documentary collections, documentary credits and open account trading secured by payment guarantees or standby letters of credit or by a credit (trade) insurance. The presentations included many examples of both correct and incorrect  documentary credit conditions, debated possible impact of ambiguity and gaps in the contracts and payment instruments. These security and payment instruments are rather technical. In reality, their real value very much depends on the current conditions, especially taking into consideration a situation where overall business conditions are deteriorating.

As a Bill of Lading (B/L) is a key document in international trade, significant part of the course was dedicated to its features which banks must carefully examine when bills are presented under documentary credits. Most discrepancies relate to the lack of indication of the carrier, incorrect signing of B/Ls, improper on board notations and issues related to ports of loading and discharge. Practice brings to the fore many issues which can be hardly anticipated, thus it is therefore of critical importance to be aware of possible pitfalls and to learn from others how to avoid the same mistakes and errors.

The seminars confirmed that there is both interest and need to continuously provide practical updated courses on best practices in the area of international trade and finance. There are new developments, new practices and also there are many newcomers to the field. Proper contracting, mitigation of risks, arranging for suitable finance, use of security instruments, etc.. All these components have enormous impact on business well-being of companies and countries as such!

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

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

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

CACCI Officers meet CIECA

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

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

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

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

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

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

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

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

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

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

CACCI Food & Agriculture Newsletter No. XXI available

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

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

New inter-ministerial committee to make Singapore’s rules more business-friendly

A new inter-ministerial committee is look­ing at how to make Singapore’s business regula­tions more business-friendly, particularly in reduc­ing costs for small and medium-sized enterprises (SMEs).

The inter-ministerial committee on Pro-En­terprise Rules Review, set up in April, is chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong.

The other members are Transport Minister Chee Hong Tat, Home Affairs and Law Minister K Shanmugam, National Development Minister Des­mond Lee, Manpower Minister Tan See Leng, and Senior Minister of State for Trade and Industry Low Yen Ling.

The committee will look into how to lower costs for businesses – particularly SMEs – when they transact with the government, Chee told re­porters on May 24. This is especially because SMEs have cited business costs as a major challenge, he added.

“The purpose is to engage different groups of businesses – including our trade associations – to understand some of the feedback, pain points and concerns that they face regarding government rules, regulations and processes,” he said.

“We will take their feedback and sugges­tions back, and discuss with our colleagues with­in the government to see how we can make things better.”

As an illustrative example of the type of work that the committee will do, Chee cited on­going efforts to reduce regulatory costs for drone light show operators – though this is not being car­ried out by the committee itself.

These efforts involve slashing drone licens­ing fees for light show operators, by moving from a per-drone basis to a per-show basis.

Transport Minister Chee Hong Tat

Separately on May 24, Low shared further details of the previously announced Alliance for Action (AfA) on Business Competitiveness, a pub­lic-private partnership that aims to help local busi­nesses stay competitive in an uncertain global eco­nomic environment.

Established in February, the AfA focuses on three areas: manpower, land, and regulations. It holds engagements with both the public and pri­vate sectors to seek feedback and suggestions, with five such sessions already held to date.

Said Low: “We hear and we know that (busi­nesses) are concerned about rising business costs, resource constraints, and they also hope that … reg­ulations can be more flexible.”

After the engagements, the AfA will put to­gether a list of recommendations and present this to the government by end-2024.

Asked whether the inter-ministerial com­mittee’s work might overlap with the AfA’s ambit, Chee said the committee aims to “reinforce” and give “a further boost” to existing efforts.

“I see this as not working separately, but working together with our existing workstreams and stakeholders,” he added.

The Business Times

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

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

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

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

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

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

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

“Passing away of Hon. President Ebrahim Raisi is an immense loss for the Muslim World,” Khurram Tariq Sayeed, CACCI VP

Khurram Tariq Sayeed, Vice President CACCI & Former Vice President FPCCI called on Mr. Hassan Nourian, Consul General Islamic Republic of Iran in Karachi to offer his condolences on the tragic loss of Iran’s beloved President Honorable Ebrahim Raisi, Foreign Minister & other companions in the unfortunate helicopter crash.

Mr. Sayeed conveyed to the Consul General that “the tragic demise of President Ebrahim Raisi is an immense loss not only for Iran but also for the entire Muslim Ummah.” His dedication, leadership, and commitment to the betterment of Iran and its people will be remembered and cherished he added. During their conversation at the Consulate, they also discussed Mr. Raisi’s vision of progress, diplomacy, and peace that resonated far beyond Iran’s borders, actions that left a lasting impact on the world stage. Mr. Khurral Tariq Sayeed also mentioned President Raisi recent historic visit to Pakistan to strengthen the brotherly bond between the two countries and the number of MOU’s that were signed.

Mr. Nourian thanked Mr. Sayeed for visiting the consulate and said it is indeed a monumental loss not only for Iran but also for the Muslim world.

CACCI Profile – May edition available

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

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

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

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

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

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

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

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

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

SUMMARY

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The copy of the presentation can be downloaded HERE.

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

“The Green Alliance Initiative” webinar on May 23, 2024 – Register now!

CACCI is inviting all CACCI Officers, members and friends to join the upcoming webinar on “The Green Alliance Initiative” scheduled to take place on May 23, 2024 at 5:00 PM, Taipei Time.

Jointly organized by CACCI and the Singapore Manufacturing Federation (SMF), the one -hour webinar will introduce the Green Alliance Initiative, which aims “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.” Underscoring its importance, CACCI President Mr. Peter McMullin AM said that the Green Alliance Initiative is designed to empower SMEs on their sustainability journey. Attached herewith is a background on the Green Alliance Initiative.

Tentative Agenda

5:00pm – 5:05pm: Welcome Remarks by Mr. Peter McMullin AM, President, CACCI

5:05pm – 5:40pm: Presentation on the Green Alliance Initiative by Mr. Clement Teo, Chief Sustainability Officer, Assistant Chief Executive, Singapore Manufacturing Federation

5:40pm – 5:55pm: Q&A Session

5:55pm – 5:00pm: Closing Remarks

Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_tV0HQdlERV2CXcbq0dz-Mg

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

Invitation to join Timor-Leste Australia Economic & Business Conference in Dili

CACCI is pleased to convey to its members the invitation from the Australian Embassy in Timor-Leste to attend the Timor-Leste – Australia Economic and Business Forum to be held on 11-13 June 2024 in Dili, Timor Leste. The three-day event is being organized by the Australian Embassy in partnership with the Government of Timor-Leste. The complete program can be downloaded HERE.

YEGAP Executive Committee Holds Update Meeting May 15

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

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

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

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

29th Volume of CACCI Tourism Newsletter available

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

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

Meeting with Former CACCI President Jemal Inaishvili

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

The Green Alliance Initiative – An explanation

The Green Alliance Initiative

Founding members of the Asia Pacific Green Alliance (APAC-GA)

The Asia Pacific Green Alliance, which was launched in Singapore on 19th January 2024, is a collaboration between the SMF, the CACCI, the Singapore Business Federation (SBF), the Institute of Singapore Chartered Accountants (ISCA), and the China Council for Promotion of International Trade (CCPIT). The APAC-GA is co-chaired by the founding members, the SMF and CACCI.

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).

#1: The focus on SMEs.

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. SMEs can contribute to up to 50% of Greenhouse Gas Emissions. 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.

The APAC-GA aims to equip SMEs with the skills, knowledge, and support to take on the climate change challenge. Otherwise, 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.

#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.

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

The Green Alliance is the work we do today, to create a better tomorrow. 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.

Well Attended Virtual Workshop on Effectively Managing the Compliance Function

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

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

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

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

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

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

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

Source: Poll conducted during the workshop

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

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

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

MNCCI presents investments opportunities in Mongolian market

CACCI and the Mongolian National Chamber of Commerce and Industry (MNCCI) jointly presented a webinar on the “Mongolia’s Business Environment” on 2 May 2024.

The one-hour webinar featured MNCCI President Enkhtuvshin D., MNCCI CEO Duuren T., and MNCCI Investment & Trade Agency Officer Dulgun Barsuren, who provided detailed information about current Mongolia’s economic conditions, business opportunities and plans for further business growth.

SUMMARY

The webinar started with a presentation from MNCCI President, Mr. Enkhtuvshin D. who explained the history and functions of MNCCI , the largest representative of the business community in the country which was founded in 1960. He said that with 6,000 members distributed over the country’s 21 provinces, MNCCI advocates policy on behalf of its members and provides trade services like certificates, intellectual property services and also inspection services, among many other services. It also has an arbitration center recognized nationally and it works closely with foreign invested companies, he pointed out.

In terms of the current economic conditions, the MNCCI President said that current GDP per capita stands at US$5,000 and the economy has been growing at 5.6%, adding that the economy’s four major sectors are mining, trading, agriculture, manufacturing and logistics with mining being the most coveted sector by foreign investors.

Mr. Enkhtuvshin said that given Mongolia’s geographical conditions, China is their major foreign trade partner, with Russia being second. In fact, 80% of Mongolian exports are purchased by China, which are mostly mining commodities, he noted.

The MNCCI President reported that in the import side, Mongolia imports a lot of machinery and goods from China mostly, while gasoline and energy are imported to a lesser extend from Russia.

He further said that the mining sector is very dominant in the national economy, with more than 90% of the export as generated by the sector, including products such as cooking coal iron, copper and related commodities.

On the agricultural side, he noted that the key product is raw cashmere, but agriculture represents a fraction of all exports standing at 3%. He also reported that tourism has been recently positioned for promotion  as a credible business sector that could impact the national trade balance.

The MNCCI President said that there are a lot of export opportunities that require infrastructure investment to exploit financial and energy sectors, as well as free industrial zones located close to the Chinese border.

MNCCI CEO Mr. Duuren T. focused on a special government program introduced at the beginning of 2024 geared toward boosting the economy, the Business Recovery National Program.

He remarked that since the national economy is highly dependent on mining, the government considers that the level of export is not sufficient to effectively support the average household’s daily expenses.

Thus, the government wants to increase light industries such as food processing and other businesses, that unlike mining, do not require large capital investment but require more labor, he said.

In fact, there is an emerging demand for new labor but the supply is limited, he indicated, adding that the government in association with MNCCI is therefore introducing a training program for youth since 60% of the Mongolian population is under 35 years of age.

In addition, the MNCCI reported that:

(1) The Business Recovery National Program also includes training and consulting services, researches and surveys, exhibitions and trade fairs. It also has a digitalization dimension to help businesses hold meetings, forums, knowledge sharing, books and handbooks to upskill the Mongolian labor.

(2) MNCCI is training 10,000 youth of whom it will filter to 1,000 students and other  smaller elite groups to train them in international business practices, too.

(3) The goal, structured also in association with the Government’s Small and Medium Enterprises Agency, aims at creating an entrepreneur class ready to establish businesses on their own. The Indian Embassy, Malaysian Embassy, and the Singaporean Chamber are also cooperating in the program.

(4) MNCCI will launch this coming Autumn an equipment exposition of 500 tools to energize and incentivize SMEs’ investment into local operations.

(5) An important part of the The Business Recovery National Program also includes sharing of business information given the limited real market information available.

Investment & Trade Agency Officer Mr. Dulgun Barsuren presented the current business climate for investment opportunities, highlighting the following:

(1) Mongolia has received US$41 billion of foreign direct investment in the last 30 years, of which 70% has been invested in the mining sector and some 11% in the wholesale and retail sectors.

(2) Inflation has been decreasing since 2022 when it apparently reached its peak, standing now at 7.2%.

(3) Regarding the foreign investment’s qualitative conditions, Mongolia has signed international investing frameworks, such as the convention on the establishment of investing disputes, double taxation treaties with 26 countries and investment protection and promotion agreements with 43 countries.

(4) Certain foreign direct investment factors show positive developments such as the country’s credit rating improving to Bb minus and B plus as of June of 2023 and a lower than average taxation rate according to the World Bank.

(5) The Investment Law was approved in 2013 and its implementation has allowed foreign companies to benefit from tax incentives under the investment law. He said that the minimum foreign investment required is US$100,000.

(6) Renewable energy capacity in Mongolia could also be a very attractive investment opportunity given the geographical conditions, legal incentives and government policies promoting the establishment of green financing system to achieve net 0 carbon emission.

(7) New foreign investment targets for Mongolia also include the development of tourism within the next 2 years, together with the establishment of foreign direct invested free zones in the frontier with China.

(8) And for a country as large as Mongolia, agriculture is a business area with great potential that today still remains at the free range livestock growth.

(9) There is a plan to establish 50 free-trade zones in the Chinese border that could process agricultural products easily exportable to China. China is a huge potential market for Mongolia. However, to really profit from such proximity, Mongolia needs foreign direct investments.

A copy of the presentation can be downloaded from the CACCI website HERE.

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

Chocolate & Juice from Timor Leste for sale

Meet Patricia from Pattys Serie – Chocolates of Timor

Patricia (or Patty) is driven by her dual passion for chocolate but also to help the local cocoa farmers of Timor-Leste. She believes (and her numbers show) that cocoa in the country is underutilised, with a large majority of the crops left to rot on the ground. By upping production, Patty believes she can support farmers to send their kids to school while providing a premium product to the Australian and Asian markets. Her product has both the President of Timor-Leste and Ambassadors of the country raving about her chocolates.

If you want to support her work, visit https://www.facebook.com/profile.php?id=100078921977274

Meet Claudia from Vera Juice

Claudia (middle in black polka dots) sees a local and international market for her juice. She got the idea when she saw a lot of waste in the markets when older fruit was not sold. She started experimenting with producing fresh juice, often from fruit that couldn’t be sold at the market. She has found a niche and also a desire from the local population to drink fresh juice in comparison to the long-lived imported varieties. Her juice is a hit. She can’t keep up with the demand. Claudia is another great example of the entrepreneurial spirit starting to be unleashed in the young Timorese community. If you want to support her work, visit: https://www.facebook.com/p/Vera-Juice-100083299823604/

CACCI invites nominations for CACCI Awards 2024

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

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

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

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

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

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

CACCI Profile – April edition available

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

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

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

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

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

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

Best regards,

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

Webinar on “Mongolia’s Business Environment

CACCI is inviting members and friends to participate in the webinar on “Mongolia’s Business Environment” to be held on 2 May 2024 at 2PM Singapore time.

Jointly organized by the Mongolian National Chamber of Commerce and Industry (MNCCI) and CACCI, the 60-minute webinar features two distinguished speakers – Mr. Enkhtuvshin D., MNCCI President, Mr. Duuren T., MNCCI CEO and Mrs. Erdenebayar O., Investment & Trade Agency Senior Officer, who will provide valuable information on current business trends and developments in Mongolia.

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

(1) AGENDA

2:00 Introduction about MNCCI and Mongolia’s Business Environment by Mr. Enkhtuvshin D, MNCCI President
2:15 MNCCI’s Business Recovery Program by Mr. Duuren T., MNCCI CEO
2:30 Investment and Business Opportunities in Mongolia
2:45 Q&A (10 minutes)
3:00 End of Webinar

(2) SPEAKERS

To join the webinar, please register HERE

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

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

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

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

(1) TOPICS

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

(2) WHO SHOULD PARTICIPATE?

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

(3) TRAINER

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

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

(4) PARTICIPATION FEE: US$50

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

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

(5) CONTACT

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

ABOUT FINTELEKT

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

Young Entrepreneurs YEGAP newsletter available

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

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

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

Malaysia rolls out ‘Golden Pass’ to lure unicorns and VC firms

Malaysia is pushing to draw more venture capital investment from overseas as it accelerates its technology startup sector, the country’s economy minister said in an interview.

Rafizi Ramli told Nikkei Asia on the sidelines of a startup event in Kuala Lumpur last month that the government is focused on spurring the development of nascent tech companies in the Southeast Asian nation.

“It is very important to bring in mid-tier, sophisticated VC and [private equity] firms from around the world [to back tech startups],” Rafizi said.

Malaysia has long been a key regional manufacturing hub, with global names such as Intel and Airbus operating factories there. But its funding ecosystem for young tech companies has lagged way behind some of its neighbors.

Companies in Singapore and Indonesia accounted for 90% of the $7.7 billion of capital raised by Southeast Asian startups last year, according to a DealStreetAsia report, with Malaysia-based businesses securing only around $110 million.

Against this backdrop, Kuala Lumpur in April launched the Malaysia Venture Capital Roadmap, driving to position the country as “a preferred regional venture capital hub by 2030” through measures such as regulatory reform. Goals include boosting Malaysia’s venture penetration rate — venture capital investments relative to GDP — to 0.25%-0.35% in 2030 from 0.19% in 2022.

Malaysian Prime Minister Anwar Ibrahim

“As far as policy is concerned … regulations are being streamlined, but all these [changes] will not happen unless you start seeing waves of VCs coming in,” the minister said.

Malaysia recently rolled out its “Golden Pass” scheme to lure private equity firms through incentives and tax exemptions, while Prime Minister Anwar Ibrahim previously announced that sovereign wealth vehicle Khazanah Nasional would set up a 1 billion ringgit ($211 million) fund to invest in local tech companies.

The country’s two other sovereign wealth funds — the Employees Provident Fund and the Retirement Fund — and local VC firm Blue Chip Venture Capital plan to jointly invest 3 billion ringgit to establish the ASEAN Growth Initiative Fund to nurture the startup ecosystem both in Malaysia and regionally.

Rafizi said Malaysian sovereign wealth funds tend to invest in larger companies and only a small number of local VC firms support startups in the country, with foreign VC firms potentially plugging the gap.

Meanwhile, Rafizi said that recent weakness in the ringgit, which in February fell near its lowest level against the dollar in 25 years, could help entice foreign funds. “[Foreign direct investment] and portfolio investments into Malaysia are more attractive now, given the strength of the dollar,” he said.

Nikkei Asia

Iran President’s visit to Pakistan is promising for future trade agreements: Atif Ikram Sheikh

Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Indus­try (FPCCI), has welcomed the visit of the President of Iran to Pakistan and stated that the establish­ment of a joint special economic zone between Pa­kistan and Iran is a positive step towards enhanc­ing economic relations between the two countries. Pakistan and Iran have huge opportunities for cooperation in agriculture, trade, investment and IT sectors. Both countries not only desire mutual cooperation, but have also achieved the goal of en­hancing bilateral trade up to five billion dollars un­der a treaty, he added.

Mr. Ikram said that establishing strong trade relations with Iran is a positive step for the econ­omy and we should aim to strengthen the Paki­stan-Iran agenda by enhancing cooperation in var­ious sectors such as trade, energy and agriculture. During the Iranian President’s visit to Pakistan, the possibility of signing joint agreements is promising and the establishment of a bilateral economic zone at the government-to-government level will benefit the economy.

Mr. Ikram added that Trade relations be­tween Pakistan and Iran have been established for years but the current trade volume is much lower than its potential. To enhance this, both countries need to make positive progress in bilateral trade cooperation, remove barriers in two-way trade, fi­nalize free trade agreements, and establish institu­tional links between private sectors.

The Iranian delegation also included busi­nessmen from the Iran Chamber of Commerce, In­dustry, Mines and Agriculture (ICCIMA) led by Mr. Sayed Hamed Asgari, Deputy President, who visit­ed FPCCI and had a meeting with Mr. Ikram. During the meeting, they discussed issues related to trade facilitation measures, barter trade, border trade, TIR, road transportation, banking channels, and trade potentials.

Tentative Program for the 38th CACCI Conference in Singapore

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

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

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

Session Two: Sustainable Entrepreneurship: Building Resilient and Green Businesses

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

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

(1) SME Development

(2) Food & Agriculture and Textile & Garments

(3) ICT and Tourism

(4) Entrepreneurship

(5) Water, Energy, Environment and Sustainability.

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

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

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

Productivity and competitive policy key to future prosperity: ACCI

Australia needs a sovereign manufacturing capability, so focused government attention on meeting that objective is welcome. However, Australia’s largest and most representative business network says careful consideration of the details is needed.

“Recent experience has starkly demonstrated how the narrowing of our industrial base has exposed the Australian economy to high levels of risk,” ACCI chief executive officer Andrew McKellar said. “We support the objective. Promoting the idea of Australia having a sovereign manufacturing and industry capability is important.

“Most importantly, the Prime Minister’s speech reflects the fundamental importance of boosting productivity and improving competition for our future prosperity. “We can’t achieve that without a competitive tax system or by handing more power to trade unions to tie businesses in ever-tighter knots.”

The proposed Future Made in Australia Act announced today will combine several previously announced initiatives, including the National Reconstruction Fund and energy transition initiatives, under one umbrella. “We see benefit in drawing together those existing threads and building on that to better co-ordinate and manage the rollout of this government investment,” Mr. McKellar said.

“There are significant opportunities in decarbonisation and the energy transition. We should seek to maximise those advantages. “If the government is to invest in driving emerging Australian industry capabilities, that investment needs appropriate consideration and scrutiny.”

ACCI Newsroom

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

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

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

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

CACCI Deputy Director–General Calls on PCCI Officers

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

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

Uzbek Ambassador Oybek Arif Usmanov calls on FPCCI President Atif Ikram Sheikh

Ambassador of The Republic of Uzbekistan Oybek Arif Usmanov called on FPCCI President Atif Ikram Sheikh at the capital office in Islamabad and discussed various issues including bilateral trade, mutual cooperation, investment, Pakistan Uzbekistan Business Council, and exchange of trade delegations. The Uzbek ambassador was accompanied by Bakurum Yusov, Economic and Trade Consul of Uzbekistan.

FPCCI President Atif Ikram Sheikh said that Pakistan is a brotherly country of Uzbekistan. Pakistan’s exports with Uzbekistan have increased gradually in the last years, and bilateral trade can be promoted in textile, pharmaceutical, rice, machinery, agriculture machinery, electro-technical and other sectors. There is a need to explore different avenues to further promote this bilateral trade.

Atif Ikram added that “we will participate in the single country exhibition to be held in Uzbekistan on June 28. Pakistanis have the problem of business visa, tourist visa, flights to Uzbekistan which should be solved. The first Gems and Jewellery Exhibition is being held in Pakistan in collaboration with TDAP and Federation of Pakistan Chamber of Commerce and Industry, in which Uzbek businessmen who belong to this sector should participate and you provide us their names too.”

Uzbek Ambassador Oybek Arif Usmanov said that Uzbekistan is organizing an International Business Forum on May 3 and 4, in which FPCCI and the business community are invited to participate; while the Minister of Uzbek Foreign Affairs will visit Pakistan on May 9-10. There will be G2B and B2B meetings. Trade between Pakistan and Uzbekistan is suffering due to Afghanistan, so there is a need to start the Afghanistan-Pakistan Corridor. Direct flights will be started from Islamabad and Lahore, resolving visa issues soon.

Pakistan should open up deep sea fishing to foreign investors: CACCI VP

A delegation led by Mr. Khurram Tariq Sayeed, CACCI Vice President and Former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), called on Pakistan’s Federal Minister for Maritime Affairs Mr. Qaiser Ahmed Sheikh.

Mr. Sayeed briefed the Minister that CACCI is a powerful and influential non-governmental organisation composed of the National Chambers of 27 countries of Asia and Western Pacific region, granted consultative status under the United Nations. CACCI’s objective is to cut across national boundaries to link Asia-Pacific businesspersons and promote economic growth of member countries, which account for 40% of the World population and 20% of the world’s GDP with a trade volume of US$ 11 Trillion.

While congratulating Mr. Sheikh on assuming charge as Federal Minister, Mr. Sayeed emphasized that Pakistan must create a conducive environment for foreign investment, stating that no country can flourish without FDI.

The delegation discussed in detail the potential of foreign investment in the deep-sea fishing sector enabling Pakistan to earn much-needed foreign exchange and increase its export base by tapping the vast potential that exists in this sector. He stated that in order to achieve this, Pakistan must open up deep-sea fishing to foreign investors and re-visit its policy by issuing deep sea fishing licenses to foreign companies.

Mr. Sheikh assured the delegation that the Government will look into these suggestions seriously and in order to create a consensus, a moot of all stakeholders will be called shortly.

In the end, Mr. Sayeed thanked the Minister for Maritime Affairs for meeting with CACCI delegation and presented him with a CACCI memento.

YEGAP Executive Committee Meets on Activities for the Year

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

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

CACCI Deputy DG Meets with CIB.O Executive Director

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

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

New perspectives and approaches needed to boost affordable and long-term financing for public investments in Asia and the Pacific – UN report

Governments of developing Asia-Pacific countries are in urgent need of affordable and long-term financing as many of them are being forced to choose between servicing debt in a high interest rate environment or investing in education, health and social protection for their people, according to the 2024 Economic and Social Survey of Asia and the Pacific released today by the United Nations re­gional commission.

New perspectives and approaches can solve this long-standing challenge. Donors should prior­itize the development financing needs of recipient countries over political interests. Multilateral de­velopment banks need to improve their lending ca­pacities, including through fresh capital injections. Credit rating agencies should adopt a long-term perspective and appreciate that public investments to realize shared development ambitions raises fis­cal credibility over time.

On the domestic front, the Survey recom­mends that stronger public revenue collection not only helps close the “tax gap” but also reduces fiscal risks and borrowing costs. Apart from digitalizing tax administration, policies to increase society’s willingness to pay taxes offer untapped poten­tial. Similarly, more developed capital markets are needed to unleash sizeable domestic savings in the region and to increase the supply of long-term capi­tal for investments in the Sustainable Development Goals.

“Governments of developing countries across Asia and the Pacific are victims of an unjust, outdated and dysfunctional global financial archi­tecture. They face fiscal constraints, rising borrow­ing rates with shorter loan maturity and heavy debt burdens,” said United Nations Secretary-General António Guterres.

Income inequality is also likely to widen in the region, as the value of national minimum wag­es, adjusted for inflation, has declined in several countries in recent years, further weakening the ability of lower-income groups to cope with weak job opportunities and high food prices.

“It is crucial to dispel the misconception that higher public debt levels inevitably lead to higher debt distress. In fact, strategic deployment of public debt to invest in the SDGs not only benefits people and the environment but also contributes to lower­ing public debt as a percentage of gross domestic product over the long term,” said Armida Salsiah Alisjahbana, United Nations Under-Secretary-Gen­eral and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP).

Average economic growth in developing countries of the Asia-Pacific region picked up from 3.5 per cent in 2022 to 4.8 per cent in 2023, al­though the rebound was concentrated in a few large countries. GDP growth in the region is projected to remain relatively steady, but below the pre-pan­demic trend, at 4.4 per cent in both 2024 and 2025. Uncertain inflation and interest rate trends, and escalation of geopolitical tensions and trade frag­mentation are examples of economic headwinds faced by economies of the region.

Published annually by ESCAP since 1947, the Economic and Social Survey of Asia and the Pacific is one of the longest, continuously running reports in the United Nations system, providing policymakers with valuable analyses on the cur­rent and emerging socio-economic issues and pol­icy challenges to support inclusive and sustainable development in the region.

For the full report: https://unescap.org/kp/2024/survey2024

UNESCAP

David Hsu Retires as CACCI Director-General

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

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

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

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

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

CACCI Presents Plaque of Appreciation to Outgoing Director-General

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

Asian ICT Chairman Meets with CIBO Officer

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

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

FBCCI calls for using technology in agricultural sector to increase productivity

Speakers at a meeting on March 20 underscored the need for using technology, facilitating quality seeds and implementing modern storage systems to increase agricultural productivity in the country.

They also urged the government to provide improved varieties of seeds to farmers, strengthen the food innovation process for high-yielding and climate-tolerant varieties and conduct research to achieve the desired productivity goal in the sector.

The stakeholders made the remarks while addressing a meeting organized by the Bangladesh Chambers of Commerce and Industry (FBCCI) Standing Committee on Agriculture, agro-processing and agro-based industries held at its Motijheel office in Dhaka.

They have emphasised agricultural mechanisation, the establishment of specialised cold storage facilities, and improved the supply chain and process of agricultural products to reduce production costs.

In his chief guest speech, FBCCI President Mahbubul Alam said, “We must put importance on research aimed at enhancing seed quality. Increased productivity can be achieved through the effective adoption of technology in the agricultural sector.”

He also put special importance on building a cool-chain network across the country to prevent wastage of agricultural products at various stages from production to marketing.

The farmers should get fair prices for the agricultural products and policies should be implemented to protect their interests, he said.

Chairman of PRAN-RFL Group, Ahsan Khan Chowdhury, emphasised the significance of maximising the utilisation of agricultural land and enhancing productivity, with a focus on future food security and rising demand.

He also underscored the need for increasing production in many sectors like horticulture, fisheries, livestock, poultry and pulses and oilseeds in addition to traditional crops.

Daily Sun

The original article can be read HERE.

CACCI Signs MOU with ICTTM

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

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

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

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

CACCI Profile – March edition available

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

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

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

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

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

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

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

Best regards,

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

CACCI joins 20th Joint Meeting of CIECA and MNCCI

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

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

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

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

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

Malaysia FMM is newest CACCI member

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

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

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

Kowloon Chamber of Commerce Officers Meet with CACCI Executives in Taipei

A delegation from Kowloon Chamber of Commerce (KCC) led by Chairman Mr. Ernest Yuen was hosted dinner by officers of the CACCI Secretariat headed by Director-General Mr. David Hsu on March 17, 2024.

The visiting Hong Kong delegation – which was composed of members of the KCC Council — were in Taipei to attend the Taipei Chinese Medical Association International Medical Conference and to visit various organizations with which KCC has good relations such as CACCI.

During the dinner with the KCC visitors, CACCI Director-General Mr. Hsu expressed CACCI’s continued appreciation to KCC and its officers for their continued strong support of CACCI and its activities since it joined the Confederation as Primary Member in 1981. He also briefed the attendees on the ongoing and upcoming activities of CACCI, including the 38th CACCI Conference to be held on November 18-19 in Singapore, and invited them to attend these important events.

For his part, KCC Chairman Mr. Yuen, who is concurrently Vice President of CACCI, stressed the importance of CACCI as a regional association of businesspersons and its role in providing a platform for networking among members of the business community of the region – including members of KCC and other business enterprises in Hong Kong – and for promoting regional cooperation.

Kadin Indonesia, MUSIAD Indonesia to expand female entrepreneur market potential

As part of the celebrations surrounding In­ternational Women’s Day, the Indonesian Cham­ber of Commerce and Industry (Kadin Indonesia) collaborated with Müstakil Sanayici ve Isadamlari Dernegi (MUSIAD) Indonesia for a discussion titled “Cup of Change: Women Empowering Progress” on March 8, 2024.

Initiated by Kadin’s women’s empowerment division, the hybrid event was attended by more than 100 people, and was held as an effort to em­power female entrepreneurs, create a more inclu­sive national economy and bridge a deeper connec­tion between Indonesia and Turkey.

The discussions touched on topics related to aspects of women’s empowerment, especial­ly women’s entrepreneurial skills, leadership and self-development.

Carmelita Hartoto, deputy general chair coordinator for human quality improvement, re­search and technology and innovation at Kadin In­donesia, said female entrepreneurs played an im­portant role in the national economic development.

She highlighted the fact that around 64 per­cent of the total micro, small and medium enter­prises (MSMEs) in Indonesia are owned by women. In 2023, the MSME sector contributed 60.5 percent of the national gross domestic product (GDP).

“This talk show aims to increase wom­en’s leadership in entrepreneurship and also as a means of networking, especially with female entre­preneurs from Turkey,” said Carmelita, adding that the discussions could also be a means of sharing women’s personal experiences in their process of climbing the ladder to success.

“We hope that this will inspire and motivate other women so that they can explore their own potential and support the progress of women in so­ciety.”

Nihal Yazici Aygun, chair of MUSIAD Women Indonesia, expressed her appreciation for the close cooperation between Indonesia and Turkey, start­ing from knowledge sharing to opening markets between Indonesian and Turkish women entrepre­neurs.

“We hope that events like this can continue to be held to build relationships between entrepre­neurs and motivate fellow female entrepreneurs,” she said.

During the event, Tri Hanurita, deputy gen­eral chair for women’s empowerment at Kadin In­donesia, emphasized that solidarity between wom­en entrepreneurs in Indonesia must continue to be maintained in order to expand their market poten­tial.

“With the potential of women entrepre­neurs especially in the MSME sector, solidarity be­tween women entrepreneurs in Indonesia must continue to be well maintained. In addition, Indo­nesian women entrepreneurs need to be confident in continuing to network, for example with entre­preneurs from Turkey, to expand their market,” she concluded.

Jakarta Post

The original article can be read HERE.

CACCI Attends 43rd Japan YEG National Convention in Komatsu

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

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

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

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

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

VCCI proposes zero tax rate to be maintained for exported services

The Vietnam Chamber of Commerce and In­dustry (VCCI) has proposed a zero-value added tax (VAT) rate to be maintained for exported services, over worries that tax hikes would undermine the competitiveness of Vietnamese providers against foreign rivals.

The Ministry of Finance is drafting amend­ments to the Law on Value Added Tax which will be proposed to the National Assembly for consider­ation in the 7th meeting in May this year.

In the draft, the ministry wants to impose VAT on most exported services, instead of the zero rate as currently.

Specifically, only international transporta­tion and vehicle rental outside Vietnam and some related services are proposed to be maintained at zero tax rates, while others will be subject to VAT rate, commonly at 10%.

The reason for the amendment is that tax authorities found it difficult to distinguish between revenues from exported services and from domes­tically consumed.

VCCI said that the imposition of 10% VAT rate when exporting will make it difficult for Viet­namese services providers to compete with foreign rivals.

International trade of services increased strongly in the global market during the past two decades and is forecast to remain robust in coming years, along with the vibrant development of In­ternet and remote work solutions, VCCI said, citing statistics of the World Bank that global export of services jumped from 400 billion USD in 1980s to more than 7.2 trillion USD in 2022, with an average annual growth rate of 6.5% from 2003 to date.

The international transportation service ac­counts for a significant proportion but it is drop­ping, from 30% in 1982 to 17% in 2020, while tele­communications and IT services are rising.

Statistics showed that global telecommu­nications and IT services export is expanding at 12.3% annually on average from 2004. The rate has been rising more rapidly since the COVID-19 pan­demic.

According to the VCCI services export has huge potential for development. Vietnam’s export of services reached 20 billion USD in 2023 with an average annual growth rate of 11%, higher than the country’s gross domestic growth rate. Vietnam is running a trade deficit of services worth more than 10 billion USD each year.

Providing exported services does not re­quire huge capital like investing in manufacturing and processing industry, which is appropriate in a capital-shortage economy like Vietnam.

In addition, Internet-based services export helps promote the country’s image and increase “soft power”, VCCI said.

Vietnam is an export-oriented economy with export being an important growth driver with an average annual growth rate of nearly 15%, VCCI said, emphasising that zero VAT on exported ser­vices plays a significant role.

According to VCCI, most countries around the world are imposing zero VAT on exported ser­vices and allow tax refunds on inputs. Thus, VAT on exported services should be kept at zero, VCCI said.

Major exporting services of Vietnam include manufacturing outsource, maintenance and repair­ing, tourism and transportation, insurance, finan­cial services, IT and information services.

Vietnam Plus

The orignal article can be read HERE.

Cambodia CC and Victorian CCI reach a MoU on business collaboration

Cambodia Chamber of Commerce (CCC) and Victorian Chamber of Commerce and Industry (VCCI) have reached a Memorandum of Understanding (MoU) on Business Collaboration to promote trade, investment and economic cooperation between the two countries.

The MoU was signed in Melbourne, Australia under the witness of Cambodian Prime Minister Hun Manet, following the Australia-Cambodia Business Forum held on the side-lines of ASEAN-Australia Special Summit to commemorate the 50th Anniversary of ASEAN-Australia Dialogue Relations.

Under the MoU, CCC and VCCI agreed to develop ongoing exchange of trade and investment information (subject to confidentiality requirements), and implement referral mechanisms and servicing members of each organisation to support business between the respective countries.

CCC and VCCI will also offer assistance and support to trade and investment missions arranged by each respective organisation, and promote Trade Fairs and other special events conducted by the two sides.

Moreover, CCC and VCCI will exchange of ideas and information on a periodical basis to further improve mutual collaboration, subject to confidentiality requirements.

Khmer Times

The original article can be read HERE.

YEGAP Co-Organizes B2B Meeting with YEGs from Iran

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

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

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

CACCI Delegation visits Ulaanbaatar Trade and Economic Representative Office in Taipei

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

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

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

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

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

CACCI Planning Committee Meets to Discuss Preparations for the Singapore Conference

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

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

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

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

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

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

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

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

4 Training Seminars on International Trade Terms for Spring 2024

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

The four proposed one-day Seminars are:

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

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

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

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

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

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

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

By attending the seminars, participants will be able to:

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

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

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

The seminars will be conducted by Mr. Pavel Andrle, Secretary to the Banking Commission of ICC Czech Republic as well as Member of UCP 600 Consulting Group.

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

Please let us know if your Chamber is interested to host the proposed seminars under the proposed cost-sharing arrangements by filling out the Response Form and returning it to us through our Fax No.: (886 2) 2760-7569 or e-mail cacci@cacci.biz by March 30, 2024.

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

ICCIMA calls on government to remove business barriers to realize 8% economic growth

The deputy head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has said realizing the eight percent growth set in the Seventh National Development Plan requires the government to remove the barriers in the way of private sector businesses.

“The government support and the removal of obstacles hindering business along with the responsibility of the private sector are both emphasized by the leader of the Islamic Revolution in order to achieve the macroeconomic goals of the country,” Hossein Pirmoazen said.

“The requirement to achieve the eight percent economic growth in the Seventh five-year National Development plan is the government’s effort in removing business obstacles along with the responsibility of the private sector,” he stressed.

Tehran Times

The original article can be read HERE.

TEPAV studies Value Chain Transformation among CACCI Members

CACCI would like to share with its members the full text of the study prepared by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) – through its think-tank cacci@cacci.bizion model for value chain formation among CACCI member countries”

This detailed study aims to introduce a model to enhance value chain formation among CACCI member countries, aiming to extend their export presence to major markets, especially the EU, the access to which is contingent upon alignment with its new Green Deal.

We would appreciate if leaders of Chambers analyze the study and communicate his/her observations about the study. In particular, we would like to hear your thoughts on the key takeaways pointed out in the study that stress the importance of intra-regional and cross-regional collaboration among CACCI member countries in implementing the sector-specific approach outlined in the study to enhance value chain formation. Your insights will help us determine how best to pursue the study’s  recommendations going forward and could provide guidance to many Chambers under the current shift in the supply chain structure worldwide.

The study can be downloaded HERE.

For comments please write to cacci@cacci.biz

TOBB head invites US companies to invest more in Türkiye

Rifat Hisarcıklıoğlu, the president of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) has called on U.S. investors to in­vest more in Türkiye.

Speaking at the Türkiye-US Greentech Tech Delegation Working Dinner held in the Turkish capital Ankara, Hisarcıklıoğlu stressed that they prioritize Türkiye-U.S. relations and that the economic pillar of the relations between the two countries is getting stronger.

Deputy Trade Minister Mustafa Tuzcu, se­nior advisor to the U.S. Presidential Special Envoy for Climate, Ambassador David Thorne and Senior Vice President of the U.S. Chamber of Commerce Marty Durbin attended the event.

“We are focused on improving our commercial relations and providing a better investment and business environment. Investments have become an important dimension of our economic relations,” Hisarcıklıoğlu said.

The U.S. is the number one destination for Turkish investments abroad and that Turkish companies have invested $9.7 billion in the U.S., he noted.

“We invite U.S. investors to invest more in Türkiye. We opened a trade center in Chicago to help bilateral investment and trade. Bilateral trade volume reached a record high of $33 billion in 2023 and the upward trend continues,” he said, but stressed that trade between the two countries should be more liberal.

A free trade agreement or a preferential trade agreement would give a boost to the bilateral trade, according to Hisarcıklıoğlu. For his part, Durbin said that the U.S. Cham­ber of Commerce, has set ambitious goals between Türkiye and the U.S. on green transformation, emission reduction and climate change. The private sector is an important partner in such efforts, he added.

“As the private sector, we can accelerate the green transformation and the energy transition while at the same time strengthening energy security. If we work together, it is possible to achieve both,” Durbin said.

Hurriyet Daily News

The original article can be read HERE.

CACCI Profile – February edition available

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

This month’s President’s Update includes information about the upcoming CACCI Planning Committee Meeting on March 5, as well as a planned virtual B2B meeting between the Young Entrepreneurs of Asia-Pacific (YEGAP) and the Youth Business Club of Iran. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

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

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

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

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

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

Best regards,

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

Dinner reception with new PCCI Board of Directors, Officers

The new board of directors and officers of the Philippine Chamber of Commerce and Industry (PCCI) held a special dinner reception for all the committee chairs and co-chairs at the Mayuree
II Room, Dusit Thani Manila. Photo shows PCCI officers led by its president, Enunina Mangio (seated, second from left); Honorary Chairman and Treasurer Sergio Ortiz Luis Jr. (standing, third
from left); Vice President for Regional Affairs and Membership Ma. Alegria Sibal Limjoco (standing, right), Membership and Recruitment Committee Socorro Bautista (standing, second from right); Area Vice President (AVP) for NCR, and Director for Health and Wellness Dr. Hernando Delizo (standing, left); Environment and Climate Change Committee Jose Leviste (standing, second from left); Publicity and Promotions/PR Committee Joel Tugade (seated, left); Jennylei Caberte (seated, center); Retail Trade Committee Rosemarie Bosch Ong (seated, second from right); Membership Special Services Committee Alejandro Manalac (seated, right); and Labor and Employment Service Committee Rhoda Caliwara (standing, third from right).

Other officers are Directors Samie Lim, William Co, Arturo Guerrero 3rd, Atty. Benedicta Du Baladad, AVP for Mindanao Elena Haw, AVP for Visayas Melanie Ng, Honorary President and Adviser Dr. Alberto Fenix, VP International Affairs Raymund Jude Aguilar, Franchise Committee Yvette Pardo Orbeta, Tourism Committee Christine Clamor, Health and Wellness Committee Rebecca Bucad and CSR Committee Nora Lacuna, among others.

The Manila Times

CACCI Secretariat Executives Meet with JCCI Officers

CACCI Director-General Mr. David Hsu (rightmost) and Deputy Director-General Mr. Amador Honrado (2nd from left) were hosted lunch by Mr. Kazuo Nishitani, Executive Director and General Manager, International Division, Japan Chamber of Commerce (JCCI) (2nd from right) and Mr. Masahiko Oshima, Manager, International, Division, JCCI (rightmost) on February 23 during
the former’s recent official visit to Tokyo.

Mr. Hsu and Mr. Honrado invited the JCCI officers to send a delegation to the upcoming 38th CACCI Conference to be held in November 2024 in Singapore and to attend the virtual February 29 Planning Committee Meeting to discuss preparations for the Conference, and explored with them the possibility of participating in the “Investment Forum” series and make a presentation on the current trends and developments in the Japanese economy and opportunities for trade and investment presented by the country for CACCI members from other countries.

ICCIMA stresses need for improving agro-food exports

The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s Food Industry Committee has said the volume of Iran’s exports of agricultural and food products is not satisfactory in comparison with other countries.

Speaking in a meeting of the mentioned committee, Abolhassan Khalili put the total value of the country’s agro-food exports in the first 10 months of the current Iranian calendar year (March
21, 2023-January 20, 2024) at $4.9 billion, saying that the conditions should be improved to boost exports in this sector.

“The export of Iran’s agricultural and food products is not in a defensible position compared to competing countries, and considering the investments made in the region in this field, it is predicted
that there is no good future for the export of this type of products,” the ICCIMA portal quoted Khalili as saying.

Tehran Times

Global Economic Survey 2024: Geopolitical uncertainty constraining global growth amid signs of recovery

Less than a week before the WTO’s 13th Ministerial Conference (MC13), the Global Economic Survey 2024 (GES2024) published today identifies geopolitical tensions and instability as the most significant cause of concern for the international business community. Uncertainty in relation to supply chains, access to raw materials, and energy security complete the top three global economic challenges for the year ahead, according to business organisations representing around 70% of total world gross domestic product.

GES2024 growth forecasts for 2024 are more optimistic than the IMF benchmark in some important emerging economies, such as the ASEAN 5, the Gulf, the Asia-Pacific region and Türkiye. Conversely, respondents from developed economies such as the EU, the US and the UK provide a more cautious growth outlook.

Business confidence is set to rise according to a vast majority of GES2024 participants, with a number of regions also expecting an increase in foreign direct investment (FDI) flows, including
the US and China, while for Europe FDI levels are expected to remain constant overall. Reacting to the survey results, Eurochambres President Vladimír Dlouhý emphasised the need for policymakers to pursue political and economic stability, boost the resilience of supply chains and work multilaterally where possible. “Geopolitical uncertainty, fragmentation and the weaponization of trade are toxic ingredients which can undermine emerging optimism across much of the world’s business community.

We need to strengthen our collective resilience without pitting ourselves against each other, by focusing public policy responses on diversifying raw material supply chains and encouraging investment in renewable energy and green products in a non-discriminatory fashion”. The GES2024 identifies multilateral approaches to trade and climate as a top priority for this year’s Brazil G20, while digital trade, MSMEs and dispute settlement are specified as key issues for the WTO’s MC13 in Abu Dhabi.

About the survey: coordinated by Eurochambres, the Global Economic Survey 2024 was conducted during November and December 2023. GES2024 provides a qualitative assessment of global economic developments, trade and other key policy challenges for the year ahead based on responses from business organisations representing around 70% of total world GDP.

Participating organisations:

• The Association of European Chambers of Commerce and Industry (Eurochambres)
• The United States Chamber of Commerce (USCC)
• Singapore Business Federation (SBF)
• Korea Chamber of Commerce and Industry (KCCI)
• Union of Chambers and Commodity Exchanges of Türkiye (TOBB)
• The China Council for the Promotion of International Trade (CCPIT)
• British Chambers of Commerce (BCC)
• Australian Chamber of Commerce and Industry (ACCI)
• Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
• Federation of the Gulf Cooperation Council of Chambers (FGCCC)

The full report can be accessed here.

FBCCI seeks manageable tax framework in next national budget

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to keep the tax burden within a tolerable limit in the upcoming budget.

At a meeting of its standing committee, the business leaders also called for formulating a longterm tax policy to facilitate business, trade and investment-related decision-making. They said they were ready to support the government initiative to increase revenues by providing taxes properly, adding that overburdening the businessmen with taxes will only discourage businesses, according to a release.

Several recommendations were presented in the meeting for consideration in the next national budget such as — a gradual reduction in source tax and minimum tax rates; addressing disparities in tax obligations between the public and private sectors; ensuring tax refunds within 60 days as mandated by law; enhancing coordination and automation within tax, VAT and customs administrations.

Strengthening the research and development cell of the NBR and proper recognition of the taxpayers to encourage taxpaying have also been recommended. FBCCI’s Senior Vice President Md Amin Helaly, who attended the meeting as chief guest, said, “VAT, tax, and customs currently are bleeding spots for the businessmen. We are working on a resolution in this regard with utmost importance.”

“To receive policy support from the government, all stakeholders should collaboratively prepare sector-based recommendations and present them to the government,” he added. Md Humayun Kabir, the committee’s chairman and former president of the Institute of Chartered Accountants of Bangladesh (ICAB), said, “We also want the government revenue to increase, but it should be reasonable and should be borne from businesses’ incomes; not become a burden on them.”

The event was chaired by Tapan Kumer Majumder, the committee’s director in-charge and a director of FBCCI. “We want to work as active partners with the NBR,” he said.

The event saw the participation of various prominent business leaders, FBCCI Vice President Md Munir Hossain, directors, advisory panel members, and other members of the business community.

The Business Standard

Go Negosyo, PCCI partner for MSME development

Non-profit group Go Negosyo recently met with officials of the Philippine Chamber of Commerce and Industry (PCCI) as part of efforts to intensify its partnerships with the country’s largest business groups to align with the government’s push to drive development through micro, small and medium enterprises (MSMEs).

In a statement, Go Negosyo said its founder Joey Concepcion met with key officials of the PCCI chapters in the National Capital Region. “The MSME sector is one of the platforms being pushed aggressively as a driver for the country’s growth, and as we roll out more mentoring of the MSMEs, we will need mentors coming from the respected business groups,” Concepcion said during the meeting.

Leading the PCCI were its national chairman George Barcelon, national president Nina Mangio, PCCI NCR area vice president Hernando Delizo and PCCI NCR immediate past vice president Tess Ngan Tian. Department of Trade and Industry (DTI) Undersecretary Cristina Roque, who is heading the newly formed Micro, Small and Medium Enterprises Group, was also present at the meeting.

Members of top business organizations such as the PCCI, the Philippine Franchise Association, the Philippine Retailers Association, the Federation of Filipino-Chinese Chambers of Commerce and Industry, and many more form the pool of volunteers who mentor small and aspiring entrepreneurs during the various free public entrepreneurship mentoring events held regularly by Go Negosyo.

Earlier this year, Go Negosyo said it plans to help at least 200,000 MSMEs by 2028 by giving them access to the three Ms of entrepreneurship – money (capital), markets and mentoring – through its own programs, as well as in partnership with government and other members of the private sector.

Among these programs are the public entrepreneurship mentoring events, structured learning courses, online seminars, national summits and programs focused on youth, women, OFWs, tourism and digital technology.

The non-profit organization also has programs held in cooperation with outreach programs of the government, such as its youthpreneur and agri education projects with the Department of Education, among others.

“The meeting with PCCI became an opportunity to align with the DTI, the private sector’s efforts to scale up MSMEs,” Go Negosyo said.

During the meeting, PCCI officials were also able to discuss with Roque the opportunities presented by the tourism sector, the halal industry and the need for industry data monitoring and evaluation to aid mapping and impact analysis, especially for the MSME sector.

Philstar

The original article can be read HERE.

FNCCI President Dhakal urges world business leaders to invest in Nepal

President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Chandra Dhakal, has urged world business leaders to explore the untapped opportunities in Nepal. He specifically encouraged global entrepreneurs to invest in Nepal’s hydro power, tourism, agriculture, and manufacturing sectors.

Addressing the World Governments Summit-2024 organized in Dubai, UAE, President Dhakal highlighted Nepal’s significant potential for economic growth and development. Positioned between the two largest markets in the world, India and China, Nepal enjoys duty-free market access to these countries and other developed nations. This implies that international investors can manufacture goods in Nepal and distribute them globally, he emphasized.

Speaking on behalf of Nepal’s private sector, President Dhakal stated, “Our government is actively working to enhance the business environment by implementing reforms to simplify procedures, reduce regulatory burdens, and increase transparency.

We are hosting the Investment Summit 2024 on April 28 and 29 this year.” He also shared that, as part of the Summit preparations, the private sector has proposed amendments to 12 laws and regulations. Dhakal announced that FNCCI would hold its Annual General Meeting on April 10, extending an invitation to business leaders worldwide.

FNCCI, the apex body of Nepali private sectors, boasts around 600,000 direct and indirect members. The World Governments Summit, themed ‘Shaping Future Governments,’ took place from February 12 to 14.

MyRepublica

ACCI welcomes Jobs and Skills Australia Commissioner appointment

The Australian Chamber of Commerce and Industry welcomes the appointment of Professor Barney Glover AO as the new Commissioner of Jobs and Skills Australia (JSA).

“Professor Glover’s appointment as the Commissioner of JSA will help provide a steady hand to guide its mission,” ACCI chief executive officer Andrew McKellar said. “JSA is essential to helping to identify our present and future skills and labour needs. We know that the best defence against recurring skills shortages is access to comprehensive data that anticipates our skills needs.”

Group of apprentices with instructor at railway engineering facility. Teacher talking to apprentices at railway engineering facility

The work of JSA allows for the application of a whole-of-economy and nationwide perspective which guides the strategic direction of the organisation. Market analysis and forecasting conducted
by JSA will play a fundamental role in informing migration strategies, ensuring a proactive response to evolving workforce demands.

“With his immediate background as vice chancellor and president of Western Sydney University, Professor Glover’s understanding of management and business leadership makes him well placed to lead JSA and ensure the agency responsible for monitoring Australia’s workforce needs is well equipped,” Mr. McKellar said.

ACCI looks forward to working closely with him and JSA over the coming years to help prevent further skills shortages.

ACCI Media Release

Australia’s Representative in Taipei Receives CACCI Secretariat Executives

Mr. Rober Fergusson, Representative, Australian Office, Taipei (3rd from left), pose for a group photo with CACCI Secretariat executives led by Director-General Mr. David Hsu (3rd from
right) after their meeting at the former’s office on February 2, 2024.

Mr. Hsu and Deputy Director-General Mr. Amador Honrado (2nd from right) briefed Mr. Fergusson on the activities of CACCI and the important role that the Australian Chamber of
Commerce and Industry (ACCI) in the Confederation since it joined as a Founding Member in 1966, particularly in the policy advocacy work of CACCI.

Also joining the visit were Mr. Stephen Wang, CACCI Deputy Director-General (leftmost) and Mr. Stephen Wang, Senior Vice President, Public Relations & Public Welfare Division, Corporate Relations Dept., CTBC Bank Co. Ltd (rightmost), and his colleague Ms. Ting Ting Wang (leftmost). Mr. Wang informed Mr. Ferguson and his colleague Mr. Dan Bowman, Executive Director, Economic and Policy Section (2nd from right) of the active presence of his Bank in Sydney.

Mr. Fergusson offered his assistance in getting more business organizations in Australia take interest in joining CACCI, as well as in exploring how Australian banks resume their involvement in
the activities of the Asian Bankers Association, one of Product and Service Councils of CACCI.

YEGAP to hold Online B2B Meeting with Iranian Young Entrepreneurs

CACCI’s Young Entrepreneurs Group of Asia-Pacific (YEGAP) will be holding an online B2B meeting with members of the Youth Business Club (YBC) Iran on March 6, 2024, at 2:00 PM
Taipei time.

The online gathering will serve as a pivotal juncture for fostering virtual communication and extensive networking prospects amongst young entrepreneurs from both groups, offering an avenue to delve into cooperation, partnership establishment, and fruitful trade prospects.

The session will start off with a welcome and introduction for all participants, followed by a brief portion of getting to know each other: wherein each person will talk briefly about their company, what they do, and what they’re interested in. Afterward, participants can break into smaller group chats to have informal discussions during which they can share contact information, talk about possible teamwork, and explore business chances. This is followed by a Q&A where participants can ask about the business plans or other things they may be curious about.
YEGAP members are encouraged to join the online session. Those interested can register at: https://forms.gle/YnFTLGWB58s11gBX9.

Lao PDR’s ASEAN-BAC Chairmanship Bares Policy Priority and Agenda

As the lead of ASEAN Business Advisory Council (ASEAN – BAC) 2024, the Lao National Chamber of Commerce and Industry (LNCCI), has identified its goal: To enhance connectivity and resilience of the ASEAN region.

The LNCCI, which is under the leadership of Mr. Oudet Souvannavong, has expressed its strong support of the Lao government’s ASEAN agenda of:

• Integrating and connecting economies by focusing on economic integration. This means building more stronger and meaningful connections with ASEAN and ASEAN partners;
• Forging an inclusive and sustainable future by supporting outcomes on sustainable agriculture, new ecotourism standards, a strategy for crop burning reduction and a new approach to energy infrastructure and power trade across ASEAN borders;
• Transforming for digital future by making ASEAN a leading digital economy, building deeper connections across ASEAN and using modern tools.

The LNCCI will focus on the two core values of connectivity and resilience through six key priorities, namely:

• Digital Transformation – Digital transformation can boost ASEAN growth, empowers MSMEs, and encourages responsible ethical tech use;
• Sustainable Development – Equitable access to energy, financial incentives, and renewables are key for Net Zero in Southeast Asia;
• Health Resilience – Prioritize on One ASEAN Healthcare Market, VTD R&D Manufacturing and de-risking private sector investment in healthcare;
• Foo Security – Strengthen food security, promote sustainable production, enhance information systems, and identify nutritionenhancing agricultural mechanisms for sustainable ASEAN food systems;
• Trade and Investment Facilitation – Address intra-regional trade disparity by reducing nontariff barriers, balancing trade with partners, and exploring Free Trade Agreement upgrade;
• Connectivity and Supply Chain – Crucial role of connectivity in supporting an integrated ASEAN community building process and transforming from a land-locked to a landlinked country and connectivity hub.

As the ASEAN-BAC 2024 Chairman, Lao PDR plans to implement as its Legacy Project the ASEAN Plus Supply Chain Connectivity, which aims to address the connectivity agenda by:

• Promoting development along ASEAN logistic corridors;
• Reaching new markets by mapping and enhancing new connectivity and supply chain integration;
• Integrating and consolidating the objectives and work-activities of other ASEAN-BAC Legacy Projects.

ASEAN-BAC Joint Business Councils Meet in Laos

Members of the Joint Business Councils (JBC) under the ASEAN Business Advisory Council (ASEAN-BAC) met on January 29 in Luang Prabang, Laos in preparation for the upcoming ASEAN Summit to be held later in the 2024 in Vientiane, the capital city of Laos.

As Associate Member of the ASEAN BAC JBC, CACCI was represented in the meeting by Mr. George Abraham, Chairman of the CACCI SME Development Council Mr. Abraham briefed the meeting on the upcoming activities of CACCI in 2024,

CACCI Attends 23rd JBC Meeting in Laos

Mr. George Abraham (2nd from right, standing), Chairman of CACCI’s SME Development Council (SMEDC), joined other members of the Joint Business Councils (JBC) of the ASEAN Business
Advisory (ASEAN-BAC) during the city tour and dinner on a cruise along the Mekong River organized by the ASEAN-BAC Lao PDR on January 28, 2024, one day before the 23rd JBC Meeting held on January 29, 2024 in Luang Prabang, Laos.

CACCI is an Associate member of ASEAN-BAC and is represented by Mr. Abraham as SMEDC Chairman in its meetings and other activities.

Laos assumes Chair of ASEAN Business Advisory Council in 2024

Laos, under its chairmanship of ASEAN for 2024, hosted the 99th ASEAN Business Advisory Council 2024 meeting and the 23rd Joint Business Council meeting in Luang Prabang province, which
saw numerous positive results and outlined future business connection plans.

The Lao National Chamber of Commerce and Industry (LNCCI), on behalf of the Business Advisory Council ASEAN Laos, organized the 99th ASEAN Business Advisory Council meeting and
the 23rd Joint Business Council Meeting. Members of the ASEAN Business Advisory Council from the

10 ASEAN countries took part in the meeting and members of the ASEAN Joint Business Advisory Council from various countries also participated. The meeting discussed specific directions
and solutions for carrying out ASEAN activities in 2024. Under the theme “Enhancing Connectivity and Resilience”, ASEAN is formulating a connectivity masterplan and aiming to increase resilience amid global competition and other unprecedented issues.

Deputy Prime Minister and Minister of Foreign Affairs, Mr. Saleumxay Kommasith, attended the meetings together with Minister of Industry and Commerce, Mr. Malaythong Kommasith, and
Deputy Governor of Luang Prabang province, Mrs. Siliphone Souphanthong. Representatives from Vientiane, Luang Prabang province, members of the LNCCI executive committee, the Luang Prabang provincial executive committee of commerce and industry, ambassadors to Laos from ASEAN countries, and other invited guests also attended the meetings.

Mr. Malaythong emphasised the importance of the ASEAN Business Advisory Council and said Laos continues to support the Council as a special committee that works with the ASEAN Secretariat to strengthen ASEAN through growth of the region’s businesses, especially small and medium-sized enterprises (MSMEs). In addition, Chairman of the ASEAN Business Advisory Council Lao PDR, and the President of LNCCI, Mr. Oudet Souvannavong, said “Laos’ chairmanship of the ASEAN Business Advisory Council this year will follow the same
slogan as that of the central government for Laos’ ASEAN chairmanship, namely “ASEAN: Enhanching Connectivity and Resilience”.

On the same day, the chairmanship of the ASEAN Business Advisory Council for 2024 and the hosting of the ASEAN Business and Investment Summit for 2024 were handed over to Laos. Under Laos’ chairmanship of the ASEAN Business Advisory Council, the focus will be on six priority sectors: 1) Digital transformation, 2) Sustainable development, 3) Health resilience, 4) Food security,
5) Trade and investment facilitation, and 6) Connectivity and supply chains.

Deputy Prime Minister and Minister of Foreign Affairs Mr. Saleumxay Kommasith (fourth right) last week attends the 99th ASEAN Business Advisory Council meeting together with other ministers and ASEAN business leaders.

During 2024, the Lao National Chamber of Commerce and Industry, also known as the ASEAN Business Advisory Council Lao PDR, will carry out work according to the priority plans set from
time to time, along with cooperation with the 10 ASEAN Business Advisory Councils, international organisations, and leaders of government in ASEAN and international regions. The ASEAN Business and Investment Summit and the ASEAN Business Awards will be held in October this year in conjunction with the ASEAN Leaders’ Summit and related meetings, which are held every year under the rotating ASEAN chairmanship.

ASEAN leaders, external partner countries (ASEAN plus), government representatives, the ASEAN Business Advisory Board, international organisations from various sectors, business representatives of each member country and business partners will take part in these events. Various business partners in the region will participate in seminars and workshops to share their business experiences and will hold meetings and networking sessions.

Vientiane Times

Successful 37th CACCI Conference in Kathmandu

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) successfully held its 37th CACCI Conference in Kathmandu, Nepal on November 6-7, 2023, with the participation of some 400 delegates over the two-day period composed largely of businessmen and chamber of commerce representatives from 25 Asia-Pacific countries, led by CACCI President Mr. Peter McMullin AM from Australia and Mr. Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). Held at the Hyatt Regency Kathmandu Hotel, the Conference was jointly organized by CACCI and the FNCCI.

37th CACCI Conference

Kathmandu, November 6-7, 2023

Opening Ceremony

Focusing on the theme ”Chambers of Commerce: Helping Businesses Get SET for the Future”, this year’s annual CACCI gathering featured invited speakers who shared their views on strategies that businesses may pursue for navigating – and creating new opportunities – in the post-pandemic business and global market environment through the three-pronged SET principle of Sustainability, Entrepreneurship, and Trade. The Conference was officially opened with the traditional Nepalese lighting ceremony officiated by the special guests.

FNCCI Welcome Remarks

FNCCI President Mr. Chandra Prasad Dhakal in his Welcome Remarks stated that the three important aspects focused on by the Conference theme – namely, Sustainability, Entrepreneurship, and Trade – are the key pillars for economic development in the region, and that with the theme, CACCI aspires to create a more prosperous future for the Asia-Pacific region.

Noting the country’s location to be between two economic powerhouses – India and China – Mr. Dhakal said that Nepal holds a strategic position at the heart of the Asia-Pacific region. He said that Nepal’s people and economy have been showing their strength to bounce back from major natural disasters and global economic shocks.

He highlighted the current strength of the country’s economy to include a robust foreign exchange reserves and positive balance of payments; sufficient liquidity in the banking sector to lend to private businesses; rich and growing energy sector with a huge market in its neighbors India and Bangladesh; strong tourism sector since Nepal has always been a popular destination for international tourists; huge prospects for manufacturing, agro processing, ICT, pharmaceuticals, herbs and herbal sectors; and duty-free market access to India, China, the EU and other developed countries. He added that Nepal aspires to establish wider connectivity, physically and digitally, with South Asia, Asia-Pacific region, and beyond.

CACCI Welcome Remarks

In his Welcome Remarks, CACCI President Mr. Peter McMullin AM expressed his hopes that the Conference would provide CACCI members, invited speakers and guests a platform to share their views on strategies that businesses may pursue for navigating – and creating new opportunities – in the post-pandemic business and global market environment through the three-pronged SET principle of Sustainability, Entrepreneurship, and Trade.

He explained that Sustainability is critical for SMEs to gain a competitive advantage in today’s market, to be able to manage business risks, grow their brand and enhance their access to capital. Entrepreneurship and particularly inclusive entrepreneurship supports people with new ideas to solve some of their most entrenched challenges. Trade support is a critical service Chambers provide to the business community as it not only helps business supply the world with the goods and services we all desire but it also builds and maintains cross-border relationships.

Mr. McMullin stressed that as members of chambers of commerce and other business organizations – both regional and international – “we have a shared future. We therefore need to help each other to address challenges on the basis of consultation and coordination and pursue common development. We need to share our insights, build consensus and contribute to promoting development and prosperity in Asia and the world.”

Special Remarks

Echoing the message of Mr. McMullin on the Conference theme, CACCI Vice President and Former FNCCI President Mr. Pradeep Kumar Shrestha said that sustainability is not only merely a choice but is an absolute necessity for the well-being of our planet and future generations, that entrepreneurship fuels innovation, job creation, and economic growth, and that trade unites nations in an increasingly globalized world and is indispensable for shared prosperity.

Mr. Shrestha said that the Conference theme underscores CACCI’s unwavering commitment to adapt and thrive in a rapidly changing world, and its determination to ensure that businesses are sustainable, innovative, and well-connected to face the challenges and seize the opportunities of tomorrow by exchanging ideas, sharing best practices, and forging meaningful partnerships.

Keynote Speaker

The Keynote Speaker Dr. Baburam Bhattarai, Former Prime Minister of Nepal, stated that the Asia-Pacific region stands at the forefront of economic growth and change. While its diverse cultures, economies and political systems paint a complex picture, the collective rise of countries in this region has had a profound impact on the global stage, making it crucial to examine their unique trajectories, he added. “The market size available for domestic or reginal consumption and the younger population, which is more productive, is the strength of this region that needs to be harnessed,” he further elaborated.

Dr. Bhattarai underscored that the state-to-state economic cooperation can be complemented by business-to-business collaboration. He called on the Chambers of Commerce at the national level like FNCCI, and at the regional level like CACCI, should be the vanguards in assisting businesses to navigate through the complex global trade landscape, ensuring that they are well-equipped to compete on the global stage. He suggested that Chambers can offer mediation, digitize processes to ease doing businesses, and connect SMEs through networking and business matching opportunities. ”This is the right time to act, and the private sector can lead the path in this direction, “ he added.

Special Guest

The Special Guest Dr. Prakash Sharan Mahat, Honorable Finance Minister of Nepal in his Address urged the Conference participants to utilize and take advantage of the opportunities offered by Nepal. He said that the country is looking for the meaningful support of organizations such as CACCI and their members in improving the living standards of the people to the region by making use of the immense potential in the fields of renewable energy, tourism, infrastructure, and information technology, among others.

Stating that the government is working in developing the needed infrastructure across prospective sectors which is important in taking Nepal’s development goals forward, Minister Mahat called on the international community to invest in the country. “As a result of the climate challenges and dampening global economy, green, resilient and inclusive development (GRID) is the way to go forward, and investing in Nepal is a way to support this GRID approach.  The hydropower sector has already established an ecosystem of Nepal investors across different scales of hydropower projects, and is doing well, the Finance Minister stated. He reported that the World Bank and the Asia Development Bank are pumping investment in Nepal’s renewable energy, adding that this initiative will also build the confidence of Nepal’s private sector to invest. “Nepal’s hydropower sector is an assured return for investors,”  he emphasized.

Chief Guest

Chief Guest Mr. Ramchandra Paudel, Right Honorable President of Nepal, in his Address urged international investors and businessmen to invest in Nepal, noting that investment areas are increasing in Nepal and laws are being made to facilitate investment. Nepal is lying geographically between China and India, making the country a natural gateway for businesses looking to tap into that big consumer market, he noted. He called on foreign investors and international industrialists to invest in sectors with high potential and prospects of significant return in investment, such as agriculture, tourism, and energy.

Noting that small and medium enterprises are the backbone of Nepal’s economy as they create growth, innovation, and jobs, President Paudel remarked that entrepreneurship is not just about starting a business but is also the strongest foundation for embracing innovation, intensifying diversity, and solving the biggest challenges of our communities alongside adopting sustainable practices. He therefore said that the CACCI Conference is timely and relevant to address the challenges of this era and utilize the opportunities of investment and business. He pointed out that the role of chambers of commerce and industry in the Asia-Pacific will be decisive to bring about positive and aligned changes in the world trade scenario.

Vote of Thanks

In his Vote of Thanks delivered at the end of the Opening Ceremony, FNCCI Vice President Mr. Anjan Shrestha stated that the Conference will set a common vision for unity, cooperation, and prosperous future. He pointed out that the conclusions of the Conference will be important for the prosperity of the Asia Pacific region, including Nepal.

The Conference included four Plenary Sessions that included eminent speakers who shared their perspectives on the following timely and relevant issues:

Plenary Session 1 “SUSTAINABILITY: Developing Clean and Renewable Energy for a Greener World”

Plenary Session One addressed the issue of how to ensure a sustainable supply of renewable energy, improve access to modern energy services, identify possible areas of regional cooperation to achieve a clean energy integration to build a greener world, and how chambers can play the role as a voice of change at COP28 in Dubai.

Moderated by Mr. Melvin Tan, Managing Director, Cyclect Pte. Ltd. and Vice President of Singapore Manufacturing Federation, the session featured the following speakers:

• Mr. Sushil Chandra Tiwari, Secretary, Water and Energy Commission Secretariat, Government of Nepal.
• Mr. Khurram Sayeed, CEO, Planet Energy Pvt. Ltd / Vice President, CACCI
• Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy, and Environment (ACWEE)
• Dr. Alireza Yavari, Deputy President for International Affairs, ICCIMA / Vice President, CACCI
• Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC)

Plenary Session 2 “ENTREPRENEURSHIP: Driver for Regional Economic Growth”

Plenary Session Two discussed how to promote the entrepreneurial spirit in the region – particularly young and women entrepreneurs – through, for instance, mentorship and access to capital and markets, in order to make them effective and sustained contributors to the economic growth of their respective communities and the national and regional economy as a whole.

With Mr. Suraj Vaidya, Former President, FNCCI as Moderator, the session featured the following speakers:

• Prof. Pramod B. Shrestha, Ph.D. (Engineering Management, University of Alberta, Edmonton, Canada) Institute of Engineering, Tribhuvan University
• Mr. Allen John Ku, Vice-President, EVERIII & Partners / Director, Startup Island Taiwan (The Intersection of Innovation & Technology)
• Mr. Sanjeeb Panthee, Good Return
• Ms. Sudha Shivkumar President, FICCI Ladies Organization
• Ms. Narin Shahrokhi Kabir, ICCIMA

Plenary Session 3 “TRADE: Helping Businesses Become Global Trade Players”

Plenary Session Three featured speakers who elaborated on their thoughts and ideas on how to assist businesses, particularly the SMEs which comprised majority of chambers’ constituencies, adequately equipped to participate in the international market through, for instance, digital transformation, mediation and dispute resolution capability, and labor mobility and skills development to meet new business and market demands.

Moderated by Mr. Kush Kumar Joshi, Former President, FNCCI/Managing Director, Nepal Ekarat Engineering Co. Pvt. Ltd., the session included the following speakers:

• Ms. Deborah Lockhart, Chief Executive Officer, Australian Disputes Cetner (Mediation/Dispute Resolution)
• Mr. James Shi Chu, Secretary General, Chinese National Association of Industry and Commerce (CNAIC), Taiwan
• Dr Gunveena Chadha, Assistant Secretary General and Coordinator International Division, Federation of Indian Chambers of Commerce and Industry (FICCI)
• Dr. Posh Raj Pandey, Executive Chairman, South Asia Watch on Trade, Economics and Environment
• Dr. Yubaraj Khatiwada, Former Finance Minister of Nepal

Plenary Session 4  CEO FORUM “Development Challenges and Opportunities in the Asia-Pacific Region”

Plenary Session 4 featured company CEOs and business leaders who shared their insights on what they think are the development challenges and opportunities faced by the region, including – but not limited to – food safety and security, tourism, supply chain resilience, climate change, cooperation in healthcare, the impact of the ongoing Russia-Ukraine conflict, and China’s economic growth.

Moderated by Mr. Peter McMullin AM, President, CACCI, the session featured the following speakers:

• Mr. Jemal Inaishvili, President Emeritus, CACCI / Former CEO, Poti Sea Port
• Mr. Samir Modi, Immediate Past President, CACCI / Executive Director, Modi Enterprises
• Mr. Lennon Tan, President, Singapore Manufacturing Federation (SMF)
• Mr. Padma Jyoti, Chairman, Jyoti Group / Past President, FNCCI

Sectoral Breakout Sessions

In addition, parallel sectoral breakout sessions were organized by the following CACCI Product and Service Councils that gathered government and private sector experts for dialogue and panel discussion on important sectoral issues:

Asian ICT Council

Focusing on the theme: “Envisioning the Future of Artificial Intelligence (AI)”, the session featured speakers who shared their perspectives on the session theme: what are the challenges, opportunities, and benefits for industries and businesses.

The speakers included: Mr. Parag Shrestha, Managing Director, Fuse machines Inc.; Mr. Sam Shen, Global Business Director, Taiwan Smart Solutions Alliance (TSSA); Mr. Umesh Raghubanshi, Vice President, Federation of Computer Association Nepal (CAN Federation); Prof. Andrew Koh, President, Singapore Chapter, Government Block chain Association; and Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC). Moderating the session was Mr. Mangesh Lal Shrestha, Immediate Past Chairman, CACCI YEGAP / Global Vice President (Growth & AI) at Frost & Sullivan.

Asian Council on Food and Agriculture

With “Food Security and Access: Ensuring Equitable and Sustainable Food Systems” as theme, the session included speakers who elaborated on their views on how to ensure equitable and sustainable food systems through food security and food access.

The featured speakers were: Mr. Rommel Gerodias, President, A101 Innovation Inc.“Food Safety”; Mr. Sumit Kedia, Executive Director, Kedia Organization / Commodity Council Advisor , FNCCI; Mr. Igor Piasetskii, Representative of the Chamber of Commerce and Industry of Russian Federation in India; and Mr. Hem Raj Dhakal, Vice President (Commodity), FNCCI. The session Moderator was Mr. Pradeep Kumar Shrestha, CACCI Vice President and Former FNCCI President.

Young Entrepreneurs Group Asia-Pacific

The session addressed the theme: “Digital Transformation and Adoption of AI: Driver for Innovation in Entrepreneurship, Trade and Sustainability” Invited speakers examined how digital transformation and the adoption of AI will serve to drive and enable innovation in entrepreneurship, trade and sustainability.

The speakers included: Mr. Michael Lim, Founder, Beyond Value; Mr. Aabhushan Jyoti Kansakar, Board Member, Nepalese Young Entrepreneurs Forum (NYEF); and Mr. Saurabh Jyoti, Chairman, Syakar Trading Co. P. Ltd. The Session Chairman was Mr. Rommel Gerodias, President, A101 Innovation Inc.

Asian Council on Tourism

Carrying the Theme: “Green Tourism for Sustainable Future”, the session invited speakers who shared their experiences and best practices in promoting green tourism in their respective countries for a sustainable future. The speakers included Mr. Yogendra Shakya, Chairman, Club Himalayan Resort, Nagarkot (Hotel Ambassador); Dr. Dhananjaya Regmi, CEO, Nepal Tourism Board; and Mr. Binayak Shah, President, Hotel Association Nepal. Mr. Anura Lokuhetty, Chairman, Red Apple Travels & Holidays Lanka (Pvt) Ltd. served as Session Moderator

SME Development Council

The session tackled the theme: “Private Sector and Government Cooperation for SMEs in Change Management”. Invited speakers elaborated on their countries’ experience in promoting the growth and development of SMEs and the government policies in place to achieve this objective amidst a changing market environment.

With Mr. George Abraham, Chairman, The GA Group Pte. Ltd. as Moderator, the session included the following speakers: Mr. Stuart Thomson, Co-Founder and Executive Director, Good Business Foundation / Chief of Staff, Office of the President, CACCI; Ms. Jyotsna Shrestha, Vice President (Associate), FNCCI; Ms. Juna Mathema, Chairperson, Startup and Innovation Forum/EC member FNCCI; and Mr. Manoj Paudel, Chairperson, Investment & International Affairs forum/EC member FNCCI.

Asian Council on Water, Energy and Environment

Focusing on the theme  “Clean & Green Energy: CO2 Zero Emission”, the session Invited speakers who shared their views and perspectives on the importance of promoting clean and green energy and what their respective countries are doing in this regard.

Moderated by Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy and Environment, CACCI, the session featured the following speakers: Mr. Melvin Tan, Managing Director, Cyclect Pte. Ltd. / Vice President, SMF; Mr. Sher Singh Bhat, Former Deputy Managing Director of Nepal Electricity Authority “Energy Transition for Net CO­2 Zero Emission; Mr. Shailendra Guragain, Executive Committee Member, FNCCI; and Mr. Igor Piasetskii, Representative of the Chamber of Commerce and Industry of Russian Federation in India.

Discover Business Opportunities Through CACCI

The two-day program also included a special session on “Discover Business Opportunities Through CACCI”, which featured country presentations by selected organizations on current economic conditions in their respective countries and opportunities for trade and investments, or on special programs, projects, products or services that have benefited their members of the community they serve and may be adapted by chambers from other countries.

Moderated by Mr. Jemal Inaishvili, President Emeritus of CACCI, the session included country presentations conducted by the following:

• Mr. Lennon Tan, President, Singapore Manufacturing federation
• Mr. Pradeep Kumar Shrestha, Former President of the Federation of Nepalese Chambers of Commerce and Industry, and Vice President of CACCI
• Dr. Alireza Yavari, President for International Affairs, ICCIMA and Vice President, CACCI
• The session opened with Special Remarks by Mr. John Denton AO, Secretary General, International Chamber of Commerce World Chambers Federation.

97th CACCI Council Meeting

Members of the CACCI Council, which is the governing body of the Confederation, convened for the 97th CACCI Council Meeting on November 6, 2023. Among the items discussed and agreed upon during the Council Meeting included the following:

Review of CACCI Activities since the 96th Council Meeting – The CACCI Council reviewed the activities undertaken by the Confederation since its last meeting held in November 2022 in Melbourne, Australia, including the various Presidential visits, the training programs, participation in regional and international meetings and forums, and issuance of regular publications containing useful and timely information for members.

Among other issues presented for discussion, the Proposed Budget for 2024 was reviewed and approved by the Council Members.

Endorsement of CACCI Policy Paper Study – The CACCI Council endorsed the policy paper study that was reviewed during the meeting held earlier by the CACCI Policy Advocacy Working Group. Prepared by TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the policy paper study called for a sector specific, green transformation model for value chain formation among CACCI member countries.

Associate Membership of CACCI in Steering Committee of the Regional Committee for Asia Pacific (RCAP) of CoNGO – The CACCI Council noted the  formal acceptance of CACCI as an  Associate Member  of the Steering Committee of the Regional Committee for Asia Pacific (RCAP) of the Conference of NGOs with Consultative Status in the United Nations (CoNGO)

Next CACCI Conferences – The CACCI Council noted that the host chamber for the 38th CACCI Conference in 2024 was still to be confirmed and is expected to be formally announced before the end of 2023 or in early 2024.

New CACCI Members

Admission of New Members – The CACCI Council formally approved the admission of the Singapore Manufacturing Federation  as the newest Primary Member, and the following new five Lifetime Special Members from Pakistan and  one the Philippines:

Pakistan

• Mr. Zahid Hameed, M/s Apparel Zone
• Mr. Atif Iqbal, M/s High Q Pharmaceutical
• Mr. Rameez Sattar, M/s Sonraj (Pvt) Ltd
• Mr. Arbaaz Sattar, M/s Sonraj (Pvt) Ltd
• Mr. Adnan Asad, M/s Venus Group

Philippines

• Koten Enterprises Co., Inc.

Formal Turnover fo YEGAP Chairmanship

During the Gala Dinner, a formal turnover of the Chairmanship of the Young Entrepreneurs Group of Asia-Pacific (YEGAP) was conducted. Erstwhile YEGAP Chairman Mr. Mangesh Lal Shrestha from Nepal, who is the Global V ice President (Growth and AI) for Frost & Sullivan, formally handed over the leadership of YEGAP to Mr. Rommel Gerodias from the Philippines.

Mr. Gerodias, who was previously Vice Chairman of YEGAP, will serve in the Chairmanship position until the latter part of 2024, when an election of a new Chairman will take place. With more than 18 years of experience in various industries, Mr. Gerodias is an expert and highly accomplished professional in the field of Management, Business Development, Training, Marketing, Sales, Entrepreneurship and Leadership. His expertise is in the field of Entrepreneurial Chemistry, Food & Beverage, Food Safety & Management Consulting; Proficient in communication with proven success in business development from the ground up in various businesses. He is a highly motivated and success-driven individual with a positive attitude and passion for excellence. Locally and internationally known leader in entrepreneurship advocacy and leadership.

XIII edition of SME newsletter available

CACCI is pleased to share herewith the Thirteenth Volume of the SME Development Council’s newsletter. Please click HERE to read or download.

We hope that this publication will provide you with adequate information about the latest developments in the small and medium enterprise (SME) sector in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz. Enjoy the reading!

CACCI Profile – January edition available

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

This month’s President’s Update includes the announcement of the date and venue for the 38^th CACCI Conference: November 11 to 12, 2024 in sunny Singapore. It also includes a feature on CACCI’s membership in the newly-established APAC Green Alliance. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

It is our ardent hope that this monthly publication is useful to you and your work, and enables you to know more about the CACCI, our members, and their activities. If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz

We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents. If you have any articles you wish to share with our members, you are welcome to send these to us, with accompanying photos if possible, through cacci@cacci.biz.

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

Best regards,

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

CACCI Secretariat Officers Call on India’s Representative in Taipei

CACCI Director-General Mr. David Hsu (2nd from left) presents a token of appreciation to Mr. Manharsinh Laxmanbhai Yadav, Director-General of Indian Taipei Association (2nd from right) following their meeting on January 24 at the latter’s office in Taipei. Accompanying Mr. Hsu was Mr. Amador Honrado, CACCI Deputy Director-General (leftmost) and Mr. Stephen Wang, Senior Vice President, Public Relations & Public Welfare Division, Corporate Relations Dept., CTBC Bank Co. Ltd. (rightmost).

During the meeting, Mr. Hsu introduced CACCI and the Asian Bankers Association (ABA) and their activities to Mr. Yadav, highlighting the important roles played by the Federation of Indian
Chambers of Commerce and Industry (FICCI) and the State Bank of India (SBI) in the activities of the two organizations.

Acknowledging the importance of CACCI and ABA in promoting regional economic cooperation among Asian countries Mr. Yadav explored the possibility of the ABA organizing a webinar – in
partnership with SBI – that will introduce to ABA members the Gujarat International Finance Tec-City (GIFT), a central business district under construction in the Gandhinagar district in Gujarat, India.

It is India’s first operational greenfield smart city and international financial services centre, which the Government of Gujarat promoted as a greenfield project. According to Mr. Yadav, GIFT City is an emerging global financial and IT services hub designed to be at or above par with globally benchmarked business districts. It is supported by state-of-the-art infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity. Companies from Financial Services, Technology and all other services sector will be targeted as potential occupants within the city.

Mr. Yadav also encouraged CACCI to organize its annual Conference in India in the near future – and offered the assistance of his office of make this possible – after learning that the last annual gathering of CACCI in the country was held in 2005 – nearly 20 years ago.

FBCCI invites Sri Lankan investors to invest in Bangladesh’s SEZs

The President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam invited Sri Lankan businessmen and investors to invest in the Special Economic Zones (SEZs.) The FBCCI President made this call during a courtesy meeting with the high commissioner of Sri Lanka in Bangladesh Dharmapala Weerakkody at FBCCI’s Gulshan office. Mahbubul said the government has been establishing 100 special economic zones in Bangladesh with All kinds of facilities including oil, gas, and electricity for the investors.

Besides, one-stop service, e-platform, and many other attractive incentives are on offer to facilitate business and investment in Bangladesh. Sri Lankan businessmen can be benefitted by setting up industry here on their own or in joint ventures, he said. He said garments, pharmaceuticals, ecotourism, hospitality, etc. are some of the potential sectors in Bangladesh. If Sri Lankan investors want to invest in Bangladesh, FBCCI will provide all-out support.

Speaking at the meeting, the Sri Lankan High Commissioner Dharmapala Weerakkody said that Sri Lanka has many business entrepreneurs who are interested in doing business in Bangladesh. Besides many potential sectors, Sri Lanka receives a large number of tourists from Bangladesh every year. He said it is time to increase bilateral trade between the two countries.
FBCCI president praised the Sri Lankan Central Bank’s role in overcoming the economic challenges.

Commercial Counselor of the Sri Lankan High Commission Srimali Jayarathna, FBCCI Vice-President Shomi Kaiser, Rashadul Hossain Chowdhury (Ronni), Secretary General Md. Alamgir,
among others, were present at the meeting.

FBCCI

CACCI Profile – December edition available

CACCI is pleased to announce that the December 2023 issue of CACCI Profile is now available. Please click HERE to read or download.

This month’s President’s Update includes a recap of the year’s activities. The issue also features the recent appointment of SMF President Lennon Tan as CACCI’s newest Vice President. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

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

If you wish other members of your organization to receive a copy of the CACCI Profile, please send us their names, titles/positions, and email addresses through cacci@cacci.biz. We would also appreciate receiving your comments on how we can further improve the CACCI Profile in terms of its format and contents.

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

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

Best regards,

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

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

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

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

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

More information: https://wcc.iccwbo.org/

Contact: info@14wcc.au

Invitation to join CACCI Planning Committee meeting on March 5, 2024 at 2:00 PM, Taipei Time

Due to unforeseen circumstances, CACCI will need to postpone the Planning Committee Meeting, originally scheduled for 2:00 PM Taipei/Singapore time on February 29, 2024, to March 5, 2024 at the same time, 2PM Taipei time.

We apologize for any inconvenience this may cause, but hope you will still be able to join us at the meeting, as we value your attention and input to this year’s CACCI Conference.

The meeting will primarily discuss preparations for the 38h CACCI Conference to be co-organized by the Singapore Manufacturing Federation (SMF) on November 11-12, 2024 in Singapore. Among the items to be discussed will be the Conference theme, topics, speakers, program, and format, among others.

Attached herewith is the Tentative Agenda for the meeting.

Further information (e.g., meeting link, annotated agenda, discussion papers, etc.) will be sent to members upon confirmation of attendance by filling out this online Confirmation Form on or before January 31, 2024.

Furthermore, in preparation for the Planning Committee Meeting, we would like to seek your suggestions on economic, business or policy issues which you think are currently of great concern to members and the business sector of the region as a whole and should be discussed by members during next year’s Conference. Please let us know your thoughts on this year’s Conference theme and topics by accomplishing the Suggestion Form.

We would appreciate hearing from you before January 31, 2024 to give us enough time to circulate all suggestions to the Planning Committee for consideration prior to its meeting.

For your reference, we have also attached the list of the themes and topics of past years’ Conferences HERE.

Singapore skyline at night

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

CACCI is pleased to inform all members and friends that this year’s  38^th CACCI Conference will be held in Singapore on November 11-12, 2024,  with the Singapore Manufacturing Federation (SMF) as the co-organizer. This will be the first time that CACCI will be holding its annual gathering in Singapore. The proposed venue is One Farrer Hotel (https://www.onefarrer.com)

CACCI will inform its members and friends relevant information (e.g., Tentative Program, hotel accommodation, registration procedure, etc.) as soon as these are available. In the meantime, we suggest you already mark your 2024 calendar of events for our annual gathering next year.

Global investors plow into Asia data centers on AI boom

Asia is becoming the latest hunting ground for global investors in data centers, as companies from KKR & Co. to Bain Capital bet on the region’s growing computing and data storage needs following an artificial intelligence boom.

Like in the U.S., Asia is seeing a surge in demand for data centers as giants like Amazon and Alphabet’s Google boost cloud services, the recent generative AI wave fuels data and capacity requirements, and the region’s growing population spurs storage needs.

Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the U.S. “It’s the U.S. first and then the trend tends to follow soon after into Europe and with a little time lag into Asia Pacific,” said Udhay Mathialagan, global head of Brookfield Asset Management’s data center business.

While it’s a diverse region, the one thing in common in Asia is that everyone is online, he said. “You need phenomenal amounts of connectivity and really good data centers.” Investors have already made moves. Bain Capital announced a deal in August to take Beijing-based data center business Chindata Group Holdings private with an implied equity value of $3.2 billion.

In September, KKR & Co. agreed to acquire a 20% stake in Singapore Telecommunications’ regional data center business for about $800 million. Blackstone announced the launch of its first wholly owned data center platform in Asia in November 2022. Including the Singtel platform, KKR sees the potential to invest $1 billion in equity on data center projects in the Asia-Pacific region in coming years, said Projesh Banerjea, the firm’s director of
infrastructure.

Returns for such investments are in line with targets for KKR’s infrastructure strategy, which are in the mid-to-high teens, he said in an interview. The bet is that Asia will eventually provide
a bigger slice of the pie. About 29% of so-called hyperscale cloud revenue — used in the industry as a proxy for market growth — is generated from Asia Pacific versus 49% from the U.S., according to Cushman & Wakefield.

By 2028, Asia’s share is expected to increase to as much as 33%, or $173 billion. “This is a super-easy investment story,” said Morgan Laughlin, global head of data center investments
at PGIM. “You have demand, which is growing with no end in sight, and you’ve got supply becoming increasingly constrained with no solution in sight.”

Asia is seeing a surge in demand for data centers as giants like Amazon and Alphabet’s Google boost cloud services, the recent generative AI wave fuels data and capacity requirements, and the
region’s growing population spurs storage needs. PGIM plans to invest as much as $3 billion in the global data center sector over the next three years, including in major Asia-Pacific markets, said
Laughlin.

The company has been negotiating for sites in Tokyo and Seoul, according to a person familiar with the matter. PGIM declined to reveal the location.

Bain Capital will continue to invest in China and Southeast Asian markets, as well as look for opportunities in developed regions elsewhere in Asia, Jonathan Zhu, partner and co-head of the firm’s
Asia private equity business, said by email. “Driven by cloud and AI, the entire Asia market will continue to grow,” Zhu said. That will “ramp up the competition for assets and resources.”

There are challenges. Data center development is time-consuming and complex — requiring a mix of expertise around real estate, technology local regulations and environmental requirements.
Asia’s highly fragmented market makes navigating these factors even more onerous.

“There is no such thing as one Asia, and each country has its own regulations, so we see more single-country operators than pan-regional ones,” said Ellen Ng, co-head of Asia real estate at Warburg Pincus. “Being able to offer products and services across multiple markets in Asia is important to users, so investors and operators try to crack this.”

China has proposed easing cross-border data controls after tightening its grip in recent years, although rules there remain vague. Singapore authorities lifted a moratorium on data center
construction in 2022 but remain selective about awarding projects, investors interviewed said, and the country has published standards for operators to ensure energy efficiency.
Warburg Pincus, through its portfolio Princeton Digital Group, has a presence in six markets and is looking for opportunities in existing and new locations, Ng said.

As part of its ESG strategy, it has also expanded to Malaysia’s Johor and Batam in Indonesia to serve Singapore as the city-state imports most of its energy and has fewer renewable power options. Warburg’s investment in the sector in Asia has totaled almost $1 billion, she said.

Data centers are also racing to improve their cooling systems, which have come under pressure from increased use of graphics processing units to handle a surge in complex computation demands
from areas such as AI. GPUs consume more power and emit more heat than central processing units, the primary component of computing engines.

In October, a fault in the cooling system of data center operator Equinix affected 2.5 million payment and ATM transactions of DBS Group Holdings and Citigroup. DBS, Singapore’s largest bank,
was later banned from acquiring new business ventures for six months. Singapore’s government also said it will study how to further strengthen the security and resilience of data centers.

“Risk-wise, government regulations around data privacy, national data sovereignty and sustainability are building out across most markets,” said Glen Duncan, Asia-Pacific director of data center
research at Jones Lang LaSalle. “If investors and operators don’t keep abreast of the changes, they can become wrong-footed.”

Bloomberg at Japan Times

Asian Textiles & Garments Council’s newsletter available

CACCI is pleased to make available the Volume Eight of the Asian Textiles & Garments Council’s newsletter. (Click HERE to download.)

This issue is a compendium of relevant news, reports, and analyses on recent developments in the textile and garments industry in Asia Pacific countries.

This newsletter includes a report indicating that Azerbaijan and Pakistan are trying to secure raw material’s supply. Simultaneously, India’s apparel market continues growing and its designers joined Moscow fashion show.

On the other side, Iran is exporting more and also cooperating with China in the textile area. China is also securing textile links with Iran’s neighbor, Pakistan. Further south, other news reports show that Sri Lanka is making inroads in organic manufacturing while Vietnam tries to expand its FTA to further market its textiles and apparel products overseas, and much more.

We hope that this latest issue of the Asian Textiles & Garments Newsletter will enable you to gain a better understanding of the trends and conditions of the textile market throughout the Asia Pacific region.

Members are encouraged to contribute articles for future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz.

Sincerely yours,

David Hsu
Director-General
CACCI

2023 CACCI Year End Review available

CACCI is pleased share with its members and friends a copy the CACCI 2023 Year-End Review which summarizes our Confederation’s activities over the past year. To download or read click HERE.

On behalf of CACCI, we would like to take this opportunity to thank you for the cooperation and assistance you have extended in undertaking CACCI’s activities in 2023. Without your help, we would not have accomplished as much as we did amidst a still challenging and difficult year for many of us.

We look forward to your continued support of the CACCI and its activities, and we certainly hope to see you and your colleagues under more improved circumstances next year.

Sincerely yours,

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

Asian Council on Contracting & Construction newsletter available

CACCI is pleased to share Volume X of the Asian Council on Contracting & Construction Newsletter, for your download HERE.

This Newsletter shows reports about the expansion of Azerbaijan railways and irrigation system, and Cambodia’s mixed construction landscape as Iran and Azerbaijan reported on the construction of a larger border bridge. Further south, India’s Modi continued constructing projects in India.

North of India, the Nepalese are implementing hydropower projects to export electricity to Bangladeshi and Indian markets while President Marcos returned home with Japanese pledges to invest in infrastructure. Vietnam also received similar investment pledges.

I hope that these news and reports can provide you with a wider view of the construction and contracting market in Asia Pacific and its role in the national economy. Enjoy your reading!

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

Trade Facilitation newsletter available

CACCI is pleased to share the Eleventh Volume of the Asian Council on Trade Facilitation newsletter under the Chairmanship of Mr. R. B. Rauniar.

This issue (click HERE to download) starts with bad news about the EU-Australia FTA that fortunately Australia compensates with strengthened trade ties with the US. More good news came from Australia’s northern neighbor, Indonesia, as it integrates more deeply in its neighborhood.

Furthermore, there is a report that another ASEAN player, Philippines, is building formal economic ties with the UAE, a major trading center in the Middle East.

One report indicates that CPTPP positively impacted Malaysia’s FDI inflows while Iran expands its trade in the EAEU. Moreover, India and Russia are establishing more trading mechanisms to enhance their trade volume as China and Russia de-dollarize their bilateral trade. And to conclude, there is another report about new trade facilitation’s procedures among ASEAN members.

We hope you will find this issue useful and informative.

Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz.

Sincerely yours,

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

Manufacturing sentiment remains upbeat in Q3, Q4 for FY24: FICCI survey

Federation of Indian Chambers of Commerce & Industry’s (FICCI) latest quarterly survey on manufacturing for Q4 FY24 projected future investment outlook as steady but industry respondents
have flagged the availability of raw materials and their escalating prices, uncertainty in global demand, shortage of skilled labour, market volatility, increased power costs, unutilised capacities, and high bank interest rates, as some of the major constraints going forward.

The survey found that 85 per cent of respondents in the current fourth quarter of the financial year 2023-24 are expecting a higher number of orders compared to 73 per cent in the previous quarter. The hiring outlook is expected to remain stable, with around 40 per cent of respondents planning to hire additional workforce in the next three months.

The FICCI survey has suggested an extension of the FAME subsidy for Electric Vehicles for at least five years until the ecosystem and supply chain mature. “The current digital process for FAME and processing of FAME subsidy claims are time-consuming, often extending between five to six months. Streamlining this process would benefit original equipment manufacturers (OEMs),” the
survey noted.

The survey has drawn responses from over 400 manufacturing units from both large and small and medium enterprise (SME) segments with a combined annual turnover of over Rs 3.4 trillion.

The Business Standard

PCCI: Economy to grow at faster pace this year

The Philippines’ biggest business group has expressed optimism about the performance of the Philippine economy, projecting it to grow faster, or by at least six percent this year.

In an interview with ANC, newly elected Philippine Chamber of Commerce and Industry (PCCI) president Enunina Mangio said “the growth will be driven by resilience and domestic consumption, increase in government spending on infrastructure projects, and a gradual recovery in some sectors.”

Mangio said she is upbeat on the business environment this year, acknowledging both the efforts of the government and the private sector to address the issue of the ease of doing business. “We are looking forward to a better year,” she said.

To make the country more attractive to investors, Mangio stressed the need for the country to strengthen its foreign relations as well as continue upskilling its workers.

She said reskilling and upskilling the laborers is important so that the country’s foreign partners will be able to appreciate the potential of Philippine workers.

Mangio officially started her term as PCCI president this month. She is the third woman president of the PCCI since its inception in 1978. She owns several businesses including the SamgyeopMasarap chain of restaurants. Prior to her post, she served as the vice president for regional affairs of the PCCI.

“I am honored by the trust and confidence that my colleagues in PCCI have entrusted in me. I will do my best to serve the chamber movement and represent the organization in the local and global
arena,” said Mangio, who is also an honorary consul of the Republic of Liberia in West Africa.

Mangio earlier vowed to continue the work that her predecessor started, and committed to proactively work with the national government in attracting investors to the Philippines.

She also aims to push for programs that will create more businesses and generate jobs across the country.

Mangio has been engaged in several businesses including Servcare International Corp., an international holding company with subsidiaries in the US, Asia and Dubai, where she sits as president.

Meanwhile, global banking giant Citi also sees the Philippine economy bouncing back with a six percent gross domestic product (GDP) growth this year after expanding by only 5.5 percent in 2023.

In a report, Citi economist for the Philippines Nalin Chutchotitham said domestic demand expansion would stay robust and remain a key driver of Philippine economic growth.

“We expect GDP growth to improve to six percent in 2024 from 5.5 percent in 2023,” Chutchotitham said.

She said the Philippines’ low unemployment and minimum wage hikes would support labor income, adding that the continued expansion of income remittances and easing inflation would also
support household consumption.

Chutchotitham said public and private investments, including foreign direct investments would pick up more strongly this year.

“The year 2023 was mired with rate hikes, volatile commodity prices and foreign exchange movements. With a more favorable domestic economic environment this year, we expect stronger
investment expansion, supported by significant legislative reforms over the past few years,” she said.

Citi said the Philippines’ fiscal deficit is expected to remain wide, but on a steady decline to three percent by 2028 as steady growth in revenues, supported by growing economy, would help partly offset substantial expansion of planned expenditures.

It added several tax reforms pending, some of which have been passed by the House of Representatives, would increase revenue collection significantly in the coming years. Chutchotitham said upside inflation risks remain, but expectations are better anchored.

“While base effects will help to bring inflation down to 3.4 percent in 2024, we continue to monitor risks from electricity and transport service costs and El Niño,” she said.

Chutchotitham said the Philippine central bank may start cutting interest rates in the third quarter of the year, ending its tightening cycle that started in May 2022.

We expect the BSP to maintain its policy rate through the first half of 2024, to help anchor inflation at around the mid-point of the policy target. We expect gradual rate cuts from the third
quarter onwards as inflation shows a steady declining trend,” she said.

She explained that the BSP is expected to maintain at least 50 basis points from the current 100-basis-point interest rate spread with the US Federal Reserve to help ensure the stability of the
peso.

Philippine Star

CEO of Shareena Garments from Pakistan Assumes Chairmanship of ATGC

Ms. Shareena Safdar Janjua, Chief Executive Officer of Shareena Garments from Pakistan, as been appointed Chairperson of the Asian Textiles and Garments Council (ATGC), one of the Product and Service Councils established under the CACCI umbrella.

Ms. Janjua and her Lahore-company have a proven track record in the manufacturing, retail and export of garments and textile industry in Pakistan, specializing mainly in uniforms for employees in healthcare, hospitality and other industries. She has been conferred the Daughter of Punjab Award by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in recognition of her contribution to the textile industry of the country.

Ms. Janjua is a member of the Lahore Chamber of Commerce and Industry, the Women Chamber of Commerce and Industry Lahore, the Punjab Bar Council, and the Lahore Bar Council. The Product and Service Councils of CACCI have been established with the primary aim of promoting greater business interaction among CACCI members who are in the same product or service line.

Membership in the PSCs will provide businessmen regular platform for networking, identifying and addressing issues affecting their respective sectors, finding solutions to common problems, working out specific programs to accelerate regional cooperation, particularly in the area of trade, investment, technology transfer, capital flow, and the exchange of information; and, exploring opportunities for business cooperation and joint venture, and initiating and completing business deals.

Newly-elected FPCCI president, colleagues assume office

Atif Ikram Sheikh, the newly-elected president of the Pakistan Federation of Chambers of Commerce and Industry on December 31, 2023.

Atif Ikram Sheikh, the newly-elected president of Pakistan Federation of Chambers of Commerce and Industry, and his colleagues took charge of their new positions on December 31, 2023

Former president Sheikh Irfan vacated his seat for FPCCI President Atif Ikram Sheikh, who was elected by the business community for two years. The business community across the country
had elected Atif Ikram Sheikh with 240 votes in a transparent election, while Muhammad Ali of the All Pakistan Stainless Steel Importers Merchants Association got 154 votes. A total of 440 votes were cast.

President of United Business Group SM Tanveer, UBG President Zubair Tufail, Secretary General Zafar Bakhtavari and their team members were present. Zafar Bakhtavari said that just as the chambers of commerce and industry of Pakistan, trade organisations and industrialists and businessmen of the four provinces have transferred power in a peaceful manner, the business community wishes that our politicians should go peacefully into the next election.

The News

CACCI Director-General Attends 85th Anniversary Celebration of Kowloon Chamber of Commerce

Mr. David Hsu, Director-General of CACCI (5th from right), joins officers of the Kowloon Chamber of Commerce (KCC) (5th from right) led by KCC Chairman and CACCI Vice President Mr.
Ernest Yuen (5th from left) at the KCC headquarters in Kowloon.

Mr. Hsu was in Hong Kong to attend the 85th Anniversary and the 42nd Inauguration Ceremony Celebration of the KCC held on December 18, 2023.at the Hong Kong Convention and Exhibition Centre. Since its establishment in 1938, the KCC has served to facilitate exchanges between business organizations in Mainland China, Taiwan, Hong Kong, and overseas in various fields such as
economy, trade, culture, and education.

It has now expanded to cover over 40 industries and have established a bridge for communication among more than 60 organizational members and over 2,000 business entities and individual members, working together for the development of Hong Kong’s economy and social prosperity.

SMF President Lennon Tan Appointed CACCI Vice President

Mr. Lennon Tan, President of the Singapore Manufacturing Federation (SMF) – which is the newest Primary Member of the Confederation  of Asia-Pacific Chambers of Commerce and Industry (CACCI) – has been appointed Vice President of the Confederation  of Asia-Pacific Chambers of Commerce and Industry (CACCI), representing the Southeast Asia region.

Mr. Tan was named to the position by the CACCI Council during the 97^th CACCI Council Meeting held on November 6, 2023 in conjunction with the 37^th CACCI Conference in Kathmandu, Nepal.

Mr. Tan is Chairman of ADERA Global Group, which is considered Singapore’s globally trusted leader in data security and automation, working in partnership with international banks, businesses and governments to advance the future of a secure world. In 2017, Lennon was named by Ernst & Young as the EY Entrepreneur of the Year for Financial Technology Enablement.

The SMF is the largest national organisation representing the interests of manufacturing and manufacturing-related industries in Singapore since 1932, with about 5,000 corporate members, comprising SMEs, MNCs and Affiliate Members.

Mr. Tan joins eight other key leaders of  CACCI Primary Members from other Asia-Pacific regions who currently serve as CACCI Vice Presidents, namely: (a) Sheikh Fazle Fahim, Immediate Past President, FBCCI; (b) Dr. Alireza Yavari, Deputy President for International Affairs, ICCIMA; (c) Mr. Khurram Tariq Sayeed, Representing FPCCI; (d) Mr. Ernest Yuen, Chairman Kowloon Chamber of Commerce; (e) Mr. Hiroshi Oshima, Special Advisor, Japan CCI;  (f)  Mr. Pradeep Kumkar Shrestha, Former President, FNCCI; (g) Mr. Henry C. S. Kao, Chairman, CIECA, Taiwan; and (h) Mr. Rifat Hisarciklioglu, President, TOBB.

VCCI says limitation on loan costs harmful to businesses

The regulation on capping enterprises’ loan costs that are considered lawful expenses when defining taxable income has hindered the development of businesses, according to the Vietnam
Chamber of Commerce and Industry (VCCI).

After consulting with businesses and experts, VCCI has proposed an amendment and supplementation of articles in Decree 132/2020 on tax management of enterprises with related-party
transactions.

According to VCCI, the limit on loan costs stipulated by Article 16 of Decree 132 is intended to fight against enterprises’ ‘thin capitalization’ problem, aiming to help ensure the financial security of
enterprises, and prevent them from borrowing too much.

‘Thin capitalization’ is understood as a highly leveraged capital structure where a company’s debt-to-equity ratio is too high. However, VCCI believes that the regulation is unreasonable and has had an adverse impact on Vietnam’s businesses, especially large corporations.

VCCI pointed out that the situation is ‘understandable’ and the thirst of capital is common in developing countries under industrialization.

It said that the limits on capital costs have affected the formation of large economic groups. The impact is contrary to the Party’s Resolution 10 released in 2017 on private economic development.

“The limitation has been hindering the development of enterprises into large corporations and discouraging private economic groups to invest in risky business fields,” the VCCI document said.

In general, when a company wants to invest in a risky project, such as large-scale production project, its holding company will come forward to borrow money from banks and re-lend to the subsidiary. This is a ‘third party related transaction’ and is covered by the regulation on loan cost ceiling.

For these reasons, VCCI believes it is necessary to amend the regulation, exempting enterprises from the obligation of satisfying requirements on loan cost limits applied to third-party related
transactions among businesses bearing the same tax rates.

Under Decree 132, the loan costs of related parties must not be higher than 30 percent of EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization).

The article imposes a fixed rate of 30 percent, while not allowing enterprises to prove their actual expenses in accordance with ALP (the arm’s length principle), i.e. the parties of a transaction are
independent and on an equal footing.

In other words, if enterprises’ actual loan costs are higher than 30 percent of EBITDA, the costs won’t be recognized as lawfully deductible expenses when calculating taxable income.

In late 2022 and early 2023, the lending interest rates soared in the credit market because of macroeconomic changes, which then caused the enterprises’ loan costs to exceed 30 percent. As a result, enterprises still had to pay high interest rates for their loans, and expenses were not recognized as lawful expense items.

So, though businesses have to pay a lot for bank loans, they still have to pay high corporate income tax.

In the latest move, the Ministry of Finance (MOF) planned to amend Article 5 by excluding the determination of related parties when credit institutions don’t regulate, control and contribute capital to borrowing businesses, or are not controlled by another party.

VCCI, while commenting that the amendment is necessary, still said the amendment is not enough to cover all possible cases.

If banks and borrowing businesses have relations but they lend and borrow capital at reasonable interest rates (market interest rates), they will still have a limit of 30 percent. This is not in line with the principle of fighting against transfer pricing, the major purpose of Decree 132.

VCCI emphasized that it is unreasonable to not allow businesses to pay more than 30 percent of EBITDA on bank loan interest in a transaction that satisfies requirements to be recognized as
‘arm’s length transaction’.

VCCI believes that it would be better to allow businesses to prove that they make transactions in accordance with the ‘arm’s length transaction’ principle by comparing the transaction with other lending transactions and comparing the interest rates applied in the transaction with the average market interest rates.

If they can prove this, all of their expenses must be recognized and deductible when calculating taxable income. If MOF accepts the proposal, VCCI wants the principle to be applied from the 2022 taxable year period.

Vietnamnet

Supply Chain disruption is an opportunity for CACCI, TOBB TEPAV Ph.D Guven Sak

In the afternoon of November 6, 2023, CACCI President Mr. Peter McMullin AM from Australia chaired an interactive live virtual presentation of a Policy Paper on “Sector Specific, Green Transformation Model for Value Chain Formation Among CACCI Member Countries.”

The Policy Paper prepared by Economics Professor Guven Sak, Ph.D. from TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), calls for a sector specific, green transformation model for value chain formation among CACCI member countries.

During the presentation, Prof. Sak discussed the present Age of Global Disruption created by transnational threats, great power competition and a race of new technologies.

Prof. Sak further explained that the disruption is creating opportunities and impacting regions, especially CACCI areas where many countries are in position to increase production and reduce dependance on China.

The impact on CACCI areas will realign the global value chains and could transform the region’s agendas. The disruption is driven by a process of de-coupling of certain economies and supply processes vis-a-vis a de-risking imperative.

These emerging conditions are in fact creating opportunities for CACCI countries that need to be considered.

Prof. Sak’s presentation was complemented with the participation of Lennon Tan, President of the Singapore Manufacturing Federation (SMF) and newly appointed CACCI Vice President, and James S. Chu, Secretary General of the Chinese National Association of Industry and Commerce (CNAIC) who raised relevant questions about Asian manufacturing strategy during the present supply chain disruption that Prof. Sak proceeded to answer in a comprehensive fashion.

The video presentation of Prof. Guven Sak during the CACCI Policy Advocacy Meeting in Kathmandu can be viewed at the CACCI YouTube channel below.

CACCI Officers Join Luncheon Hosted by the Philippine Representative Office in Taipei

CACCI Director General David Hsu and Deputy Director-General Mr. Amador Honrado, attended the luncheon hosted on December 7, 2023 in Taipei by Mr. Anthony Rivera, Trade Representative & Director for Commercial Affairs.

The Philippine Trade & Investment Center (PITC) in Taipei, on behalf of The Chairman and Resident Representative of the Manila Economic and Cultural Office (MECO) Atty. Silvestre H. Bello III. The event served as an occasion for PITC to express their appreciation to Taiwanese business companies and organizations that have provided strong support to PITC in the latter’s efforts to promote trade and investment cooperation between Taiwan and the Philippines.

These included the Subic Bay Taiwan Chambers of Commerce, Inc., Taiwan Cold Chain Association, Browave Corporation, BDO Unibank, Sunonwealth Electric Machine Industry Co., Ltd. They were formally awarded with Certificates of Appreciation during the Luncheon.

Representatives from the Philippines – including Ms. Alice Q. Visperas, Deputy Resident Representative of MECO – also shared information on industries and sectors where investment is
being encouraged by the government. They also made a presentation on the new training center established in the Subic Bay Area that aims to provide technical skills upgrading to those who are
currently employed as well as to future employees.

Successful webinar on Advancing ESG Agenda

CACCI members had the opportunity to join the successful webinar on Advancing ESG Agenda: Net Zero Emission Supply Chain Through Carbon Footprint (CFP) held on 19 October 2023 by the Asian Bankers Association (ABA), a CACCI’s subsidiary, and the Association of Credit Rating Agencies in Asia (ACRAA).

Moderated by Mr. Atsushi Masuda, Chairman of ACRAA, Counselor for International Affairs, Japan Credit Rating Agency (JCR), the webinar featured as speakers a Japanese government official, a petrochemical company staff, a commercial banker and a rating agency representative. Over 440 bankers from 35 countries registered for this special webinar.

We present the Summary of the speakers’ presentations below.

SUMMARY

(1) The first presentation on Carbon footprint and net zero emission target for the entire supply chain by Mr. Tomoki Sano, Deputy Director, Environmental Policy Division, Industrial Technology and Environment Bureau, Ministry of Economy, Trade and Industry (METI) discussed the purpose of achieving green transformation in Japan.

According to some estimates, economies headed to achieving carbon neutrality have reached 94% of the world’s GDP as of 2023, thus the importance of promoting investments towards this global trend.

Since Japan is heavily dependent on imported fossil fuels, the risks associated with this structure have especially become apparent after the Russian invasion of Ukraine.

He argued that to achieve long-term sustainable growth, it is important for Japan to transform its economic and industrial structure based on clean energy (=Green Transformation.)

Furthermore, since the importance of transition finance is starting to be understood globally; in the G7 Hiroshima Summit held in 2023, the G7 highlighted the importance of transition finance for the first time.

Concerning the role of Carbon Footprint (CFP) towards Decarbonization, he explained that Carbon FootPrint is a calculation of a product’s total emission of greenhouse gases through its lifecycle. He proposed that the calculation of CFP will enable businesses to prioritize decarbonization efforts through its supply chain.

The final objective is that customers and consumers will choose goods produced with less emission.

For this reason, the purpose of CFP for businesses is that various stakeholders surrounding businesses should request the calculation and disclosure of CFP amidst increasing interests for climate change.

Mr. Sano highlighted that CFP is increasingly becoming a factor for business competitiveness and that the future policy directions based on the “CFP Guideline” will accelerate businesses’ efforts to calculate and understand their CFP, and lead to procurement of low-emission products, thereby leading to fewer emissions across the product supply chain.

Mr. Sano concluded with the forecast that to promote such change, Japan will undertake the more serious policies.

(2) The second presentation on Outline of carbon footprint and sustainability link loan framework by NAGASE & CO., Ltd. featured Mr. Yasuyuki Aizawa, Corporate Sustainability Office Manager of NAGASE & CO., LTD.

He started his presentation on the 190 years history of this traditional trading firm. It was then followed by an explanation on what is CFP.

According to him, CFP is a method of evaluating the environmental impact of CO2 based on the framework of life cycle assessment.

He mentioned that actually, CFP is calculated at the Product-level vs. Corporate-level. The methodology is built on ISO 14067 and some influential international CFP guidelines launched recently.

Mr. Aizawa presented a successful case to the audience where NAGASE and its partners successfully created the world first data linkage of carbon emission in the laptop PC suppler chain (Tier 0 to 3.)

It is said that 70% of the chemical suppliers are working on CFP.

Furthermore, he argued that CFP is an effective way to assess the environmental impact of chemicals. Collecting primary data is critical to moving toward carbon neutral.

In the chemical industry, the development in the three dimensions, methodology, tools and engagement have spurred suppliers to work on carbon footprints.

He forecasted a further drive carbon transparency in the chemical supply chain, which is essential to creating incentives especially for SMEs.

Nagase’s new SLL framework is extensive and its expertise covers not only Tier1 suppliers but also suppliers behind them (Tier2, Tier3…).

(3) The third presentation on Business management support for zero emission by financial institutions featured Mr. Naoya Orita. Vice President/Head of Sustainable Finance Japan, Sustainable Business Division, MUFG Bank, Ltd.

Mr. Morita initiated his presentation expressing MUFG’s Commitment to Carbon Neutrality and MUFG Declaration of Carbon Neutrality.

In fact. MUFG has been supporting its clients’ decarbonization and launched a collaboration with Zeroboard Inc., offering services for more than 1,800 companies.

This project led to the development of new business fields through visualization of customer’s GHG emissions and the entire supply chain, development of finance schemes, partnerships with solution providers, etc.

Mr. Morita also explained that Sustainability Linked-Loan (SLL) is a financing method with flexible use of funds that links the borrower’s Sustainability KPI performance with loan terms.

Loan terms such as interest rates are linked to the achievement of the SPT (Sustainability Performance Targets.)

These loans allow flexible use of funds while publicizing sustainability commitments externally. Furthermore, borrowers are incentivized by changes in loan conditions, such as preferential interest rates, depending on the level of achievement of the SPT, so the borrower can strengthen its commitment to achieve sustainability goals.

(4) The fourth and final presentation on How to evaluate the alignment of Supply Chain Finance Framework with Sustainability Linked Loan Principles featured Ms. Atsuko Kajiwara, Managing Executive Officer, Head of Sustainable Finance Evaluation Group.

She explained how to evaluate the alignment of Supply Chain Finance Framework with Sustainability Linked Loan Principles.

Ms. Kajiware spoke about the abundant experience in valuation (900 evaluations provided) and the participation of her organization in standards development as a member of the government council and study committee.

In the following image, she explained how sustainability linked loans (SLL) work:

She explained that the process of evaluation rests in the effort to capture the impact through the value chain, thus companies, suppliers and consumers share common challenges in reducing CO2 emission.

She proposed creating a system to reduce CO2 emissions throughout the supply chain as an integrated system.

The recording of the webinar can be viewed at the CACCI YouTube channel here.

Formal Turnover of YEGAP Chairmanship

During the Gala Dinner of the 37th CACCI Conference in Kathmandu on the night of November 7, 2023, a formal turnover of the Chairmanship of the Young Entrepreneurs Group of Asia-Pacific (YEGAP) was conducted. Erstwhile YEGAP Chairman Mr. Mangesh Lal Shrestha from Nepal, who is the Global V ice President (Growth and AI) for Frost & Sullivan, formally handed over the leadership of YEGAP to Mr. Rommel Gerodias from the Philippines.

Mr. Gerodias, who was previously Vice Chairman of YEGAP, will serve in the Chairmanship position until the latter part of 2024, when an election of a new Chairman will take place. With more than 18 years of experience in various industries, Mr. Gerodias is an expert and highly accomplished professional in the field of Management, Business Development, Training, Marketing, Sales, Entrepreneurship and Leadership. His expertise is in the field of Entrepreneurial Chemistry, Food & Beverage, Food Safety & Management Consulting; Proficient in communication with proven success in business development from the ground up in various businesses. He is a highly motivated and success-driven individual with a positive attitude and passion for excellence. Locally and internationally known leader in entrepreneurship advocacy and leadership.

Dinner Hosted by CACCI Vice President Pradeep Kumar Shrestha

On November 5, CACCI Vice President Mr. Pradeep Kumar Shrestha hosted dinner for CACCI officers at his residence as his way of personally welcoming them to Kathmandu and thanking them for participating in the Conference. Also in attendance were a number of FNCCI officers.

CoNGO President Meets with CACCI Secretariat Officers

Mr. Liberato Bautista, President of the New-York based Conference of Non-Government Organizations with Consultative Status in the United Nations (CoNGO) (leftmost) met on November 16 with executives of the CACCI Secretariat led by Director-General Mr. David Hsu (2nd from the left) during the former’s recent visit to Taipei.

CACCI is a member of CoNGO as it has consultative status, Roster category, with the UN Eco. Mr. Bautista briefed Mr. Hsu and representatives of STUF United Fund, also a CoNGO member, led by its President Mr. John Lin (3rd from right), on the upcoming activities of CoNGO. Mr. Bautista was in Taipei as Keynote Speaker in the NGO Leadership Forum that STUF United Fund helped organize on November 17.

As a holder of a Consultative Status at the United Nations, CACCI is among 6,000 organisations worldwide with a similar status to connect with likeminded organisations and advocate at the United Nations on behalf of CACCI members for sustainable and equitable growth.

CACCI Council Endorses Paper Outlining a Regional Cooperation Agenda for Member Countries

The CACCI Council during its meeting held on November 6, 2023 in Kathmandu, Nepal in conjunction with the 37th CACCI Conference endorsed the policy paper study that was reviewed during the meeting held earlier by the CACCI Policy Advocacy Working Group and chaired by CACCI President Mr. Peter McMullin AM.

Prepared by TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the policy paper called for a sector specific, green transformation model for value chain formation among CACCI member countries.

The paper noted that CACCI member countries are currently confronted with evolving dynamics including a shift away from Chinese value chains and the growing significance of environmental and digital imperatives. Notably, CACCI member countries, particularly those in East Aia, over recent decades have strengthened their industrial capacity and enhanced the sophistication of their exports. However, the full potential of the expansive EU market remains untapped.

The paper pointed out that, as CACCI looks ahead, it becomes of paramount importance to formulate strategies to facilitate collaboration and diversification of high-potential value chains across CACCI member countries. Additionally, it is imperative to accelerate environmentally sustainable practices to secure the access of these countries to the EU market.

The paper stressed the need to introduce a model to enhance value chain formation among CACCI member countries, aiming to extend their export presence to major markets, in particular the EU.

Among the findings of the study are as follows:

(1) While the West was the center of global trade in1965, the center has been shifting to the East.

(2) The EU is still the biggest market in the world, but it is still highly dependent on China for most products with high imports.

(3) While Intra-regional trade in the Belt and Road Initiative (BRI) region has been increasing since the BRI started, there is still a need for CACCI member countries to increase their intra-regional trade.

(4) It is time to integrate Central Asia into the world economy through BRI

(5) While the Global Value Chain (GVC) participation of major CACCI member economies is high, these economies need forward connectivity to new markets.

(6) Each region of XCACCI has at least one major economy with high potential to participate in GVCs in upstream and green products.

(7) While the CACCI region lost serious market share after 2016 due to a decrease in competitiveness, China increased its market share by adapting to demand changes.

(8) CACCI region’s loss of competitiveness is particularly driven by large economies.

(9) The Netherlands, Germany, Ireland, and Belgium are the prominent markets to increase forward participation in replacing China.

(10) Potential for CACCI member countries shines through in EU electronics, electrical equipment and machinery value chains.

As follow-up activities, the study proposes the following:

(1) Based on the above findings, further work can be carried our to identify opportunities for sectoral clustering within specific region.

(2) Networking meetings can be held across CACCI member countries to collection feedback on the findings of the study and finalize the strategic value chains.

(3) Once the final strategic value chains are identified, regional sub-working groups can be formed.

2023 37th CACCI Conference – The Program

The 37th CACCI Conference hosted by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is taking place on November 6-7, 2023 at the Hyatt Regency Hotel. CACCI members and colleagues are invited to REGISTER ONLINE for the conference. 

With the theme Chambers of Commerce – Helping Businesses Get SET for the Future, the conference will have plenary sessions focusing on Sustainability, Entrepreneurship, and Trade, as three important tenets to better business. CEOS and business leaders are featured in the CEO Forum, during which they can share insights on development challenges and opportunities in the Asia-Pacific Region. As well, there will be several breakout sessions focusing on specific industries and sectors, including ICT, Tourism, Food and Agriculture, SMEs, Young Entrepreneurs, and Water, Energy, and Environment. The Conference’s final roster of Nepalese dignataries and foreign speakers can be viewed below.

Registration is US$400 per person, inclusive of:

• Attendance to ALL sessions during the 2-day conference
• Welcome Reception Dinner/ Cocktails on 6 November 2023.
• Gala Dinner on 7 November 2023.
• Coffee breaks & 2 lunches over the 2 days
• Roundtrip airport transfers

Groups of 10 or more may contact FNCCI directly to request a group rate. Hotel booking, visa, and other relevant details may also be found on the conference website.

REGISTER HERE

Sunday 5 November 2023 

02:00pm onwards Registration open at Conference Venue in the Hyatt Regenccy Hotel  

Monday 6 November 2023

“Chambers of Commerce – Helping Businesses Get  SET for the Future”

(S)  Sustainability is critical for SMEs to gain a competitive advantage in today’s market, to be able to manage business risks, grow their brand and enhance their access to capital. According to the OECD, SMEs collectively contribute to over 50% of global Greenhouse Gas emissions from business globally. The majority of SME owners are concerned about the impacts of climate change but they need help to make this transition. Chambers can offer this support to current and potential new members looking to decarbonise their businesses and contribute to a sustainable economy. 

(E) Entrepreneurship and particularly inclusive entrepreneurship supports people with new ideas to solve some of our most entrenched challenges. By supporting entrepreneurs embrace new technologies, include and support diverse groups of entrepreneurs and allow for innovation to flourish we will see new business models emerge to move us toward a truly just economy. 

(T)  Trade support is a critical service Chambers provide to the business community. Trade not only helps business supply the world with the goods and services we all desire, it also builds and maintains cross border relationships. Chambers offer a range of services including mediation, ease of doing business by digitising processes as well as connecting SMEs through networking and business matching opportunities. Through this work Chambers are truly strengthening global multilateralism and in-turn global peace. 

09:00am-10:30am Opening Ceremony (Main Hall)

• National Anthem of Nepal
• Nepali Cultural Performance
• Welcome Remarks: Mr. Chandra Prasad Dhakal, FNCCI President (Nepal) & Mr. Peter McMullin AM, President, CACCI (Australia)
• Remarks by: Mr. Pradeep Kumar Shrestha, Vice President, CACCI / Former President, FNCCI ( Nepal)
• Remarks by: Special Guest Dr. Prakash Sharan Mahat, Honorable Finance Minister of Nepal
• Keynote Speaker: Dr. Baburam Bhattarai, Former Prime Minister of Nepal
• Address by Chief Guest: Mr. Ramchandra Paudel, Right Honorable President of  Nepal
• Vote of Thanks: Mr. Anjan Shrestha, Senior Vice President, FNCCI( Nepal)
• Group Photograph & Tokens of Appreciation

10:30am-10:45am Coffee Break

10:45am-12:00pm Plenary Session 1

SUSTAINABILITY: Developing Clean and Renewable Energy for a Greener World
(Main Hall)

This session will feature speakers who will share their views on how to ensure a sustainable supply of renewable energy, improve access to modern energy services, identify possible areas of regional cooperation to achieve a clean energy integration to build a greener world, and how chambers can play the role as a voice of change at COP28 in Dubai.

Speakers – 10 minutes each

• Mr. Sushil Chandra Tiwari, Secretary, Water and Energy Commission Secretariat, Government of Nepal. (Nepal)
• Mr. Khurram Sayeed, CEO, Planet Energy Pvt. Ltd / Vice President, CACCI (Pakistan)
• Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy, and Environment (ACWEE) (Nepal)
• Dr. Alireza Yavari, Deputy President for International Affairs, ICCIMA / Vice President, CACCI (IRAN)
• Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC) (Hong Kong)
• Moderator: Mr. RV Shahi, Ex-Secretary, Ministry of Power India (India)

Tokens of Appreciation

12:00pm-01:15pm Plenary Session 2

ENTREPRENEURSHIP: Driver for Regional Economic Growth
(Main Hall)

Discussion will focus on how to promote the entrepreneurial spirit in the region – particularly young and women entrepreneurs – through, for instance, mentorship and access to capital and markets, in order to make them effective and sustained contributors to the economic growth of their respective communities and the national and regional economy as a whole.

Speakers – 8 to 10 minutes each

• Mr. Michael Lee, Chair, Membership and Partnership Alliance Committee, YEGAP / CEO, CreBiz Factory (South Korea)
• Mr. Allen John Ku, Vice-President, EVERIII & Partners / Director, Startup Island Taiwan (The Intersection of Innovation & Technology) (Taiwan)
• Mr. Sanjeeb Panthee, Good Return  (Nepal)
• Ms. Sudha Shivkumar President, FICCI Ladies Organization (Women Entrepreneurs) (India)
• Prof. Pramod B. Shrestha Ph.D. Entrepreneurship and the Metanarrative of Economic Growth: An Overview, Ph.D. (Engineering Management, University of Alberta, Edmonton, Canada) Institute of Engineering, Tribhuvan University (Nepal)
• Ms. Narin Shahrokhi Kabir, ICCIMA (Iran)
• Moderator: Mr. Suraj Vaidya, Past President, FNCCI / President, Vaidya’s Organization of Industries & Trading Houses (Nepal)

Tokens of Appreciation

01:15pm – 02:30pm Lunch

02:30pm – 03:30pm

 Policy Advocacy Working Group Meeting
(Main Hall)

• Session Chair: Mr. Peter McMullin AM, President, CACCI (Australia)
• Presenter (virtual): TEPAV (Turkey) on “Sector Specific, Green Transformation Model for Value Chain Formation Among CACCI Member Countries”

03:30pm – 05:00pm

Discover Business Opportunities Through CACCI
(Main Hall)

• Session Chair: Mr. Jemal Inaishvili,  President Emeritus, CACCI (Georgia)
• Special Remarks: Mr. John Denton AO, Secretary General, ICC (Video) (Australia)
• Country Presenters: (1) Singapore Manufacturing Federation (SMF), Mr. Lennon Tan (Singapore)
• (2) FNCCI, Mr. Kush Kumar Joshi, Past President, FNCCI /Managing Director, Nepal Ekarat Engineering Co. Pvt. Ltd. (Nepal)
• (3) Iran Chamber of Commerce, Industries, Mines & Agriculture (ICCIMA) – VIRTUAL (Iran).

05:00pm – 6:30pm Business Matching Sessions

07:00pm – 08:30pm Welcome Reception/Dinner 

CACCI internal meetings: 

03:30pm – 04:30pm Budget Commission Meeting (Bhaktapur Hall) (Not open to the public) 
05:00pm – 06:30pm 97th CACCI Council Meeting (Bhaktapur Hall) (Not open to the public) 

Tokens of Appreciation

07:00pm-08:30pm Welcome Reception (Cocktails followed by casual dinner)

Tuesday 7 November 2023

08:30am-09:00am Registration

09:00am-10:15am Parallel Breakout Session – Group 1

Asian ICT Council on “Envision the Future of AI”
(Main Hall 1)

Invited speakers will be requested to share their perspectives on the session theme “Envision the Future of Artificial Intelligence”: what are the challenges, opportunities, and benefits for industries and businesses

Speakers – 8-10 minutes each

• Mr. Sam Shen, Global Business Director, Taiwan Smart Solutions Alliance (TSSA) (Taiwan)
• Mr. Parag Shrestha, Managing Director, Fuse machines Inc.  (Nepal)
• Mr. Homer Yu, Vice President, Kowloon Chamber of Commerce (KCC) (Hong Kong)
• Mr. Umesh Raghubanshi, Vice President, Federation of Computer Association Nepal (CAN Federation)   (Nepal)
• Prof. Andrew Koh, President, Singapore Chapter, Government Blockchain Association (Singapore)
• Session Chairman: Mr. Mangesh Lal Shrestha, Immediate Past Chairman, CACCI YEGAP / Global Vice President (Growth & AI) at Frost & Sullivan (Nepal)

Tokens of Appreciation

Asian Council on Food and Agriculture on “Food Security and Access: Ensuring Equitable and Sustainable Food Systems”
(Main Hall 2)

Invited speakers will be requested to elaborate on their views on how to ensure equitable and sustainable food systems through food security and food access.

Speakers -8-10 minutes each

• Mr. Rommel Gerodias, President, A101 Innovation Inc.“Food Safety”(Philippines)
• Mr. Sumit Kedia, Executive Director, Kedia Organization / Commodity Council Advisor , FNCCI (Nepal)
• Mr. Igor Piasetskii, Representative of the Chamber of Commerce and Industry of Russian Federation in India. (Russia)
• Mr. Hem Raj Dhakal,Vice President (Commodity), FNCCI (Nepal)
• Session Chairman: Mr. Pradeep Kumar Shrestha, Vice President, CACCI / Former President, FNCCI (Nepal)

Tokens of Appreciation

10:15am-11:30am Parallel Breakout Session – Group 2

Young Entrepreneurs Group Asia-Pacific on “Digital Transformation and Adoption of AI: Driver for Innovation in Entrepreneurship, Trade and Sustainability”
(Main Hall 1)

This session will feature speakers who will examine how digital transformation and the adoption of AI will serve to drive and enable innovation in entrepreneurship, trade and sustainability.

Speakers – 8-10 minutes each

• Mr. Michael Lim, Founder, Beyond Value (Australia)
• Mr. Aabhushan Jyoti Kansakar, Board Member, Nepalese Young Entrepreneurs Forum (NYEF) (Nepal)
• Mr. Saurabh Jyoti, Chairman, Syakar Trading Co. P. Ltd. (Nepal)
• Session Chairman: Mr. Rommel Gerodias, President, A101 Innovation Inc. (Philippines)

Tokens of Appreciation

Asian Council on Tourism on “Green Tourism for Sustainable Future”
(Main Hall 2)

Invited speakers will share their experiences and best practices in promoting green tourism in their respective countries for a sustainable future.

Speakers – 8-10 minutes each

• Mr. Yogendra Shakya, Chairman, Club Himalayan Resort, Nagarkot (Hotel Ambassador) (Nepal)
• Dr. Dhananjaya Regmi, CEO, Nepal Tourism Board (Nepal)
• Mr. Binayak Shah, President, Hotel Association Nepal (Nepal)
• Session Chairman: Mr. Anura Lokuhetty, Chairman, Red Apple Travels & Holidays Lanka (Pvt) Ltd. (Sri Lanka)

Tokens of Appreciation

11:30am-12:45pm Parallel Breakout Session – Group 3

SME Development Council on “Private sector and government cooperation for SMEs change management”
(Main Hall 1)

This session will feature speakers who will elaborate on their countries’ experience in promoting the growth and development of SMEs and the government policies in place to achieve this objective amidst a changing market environment.

Speakers – 8-10 minutes each

• Mr. Stuart Thomson, Co-Founder and Executive Director, Good Business Foundation / Chief of Staff, Office of the President, CACCI(Australia)
• Ms. Jyotsna Shrestha, Vice President (Associate), FNCCI(Nepal)
• Ms. Juna Mathema, Chairperson, Startup and Innovation Forum, FNCCI (Nepal)
• Session Chairman: Mr. George Abraham, Chairman, The GA Group Pte. Ltd.(Singapore)

Tokens of Appreciation

Asian Council on Water, Energy and Environment on “Clean & Green Energy: CO2 Zero Emission”
(Main Hall 2)

Invited speakers will share their views and perspectives on the importance of promoting clean and green energy and what their respective countries are doing in this regard.

Speakers – 8-10 minutes each

• Mr. Melvin Tan, Managing Director, Cyclect Pte. Ltd. / Vice President, SMF(Singapore)
• Mr. Ganesh Karki, President, Independent Power Producers Association, Nepal (IPPAN) (Nepal)
• Mr. Sher Singh Bhat, Former Deputy MD of Nepal Electricity Authority (Nepal)
• Session Chairman: Mr. Gyanendra Lal Pradhan, Chairman, Asian Council on Water, Energy and Environment, CACCI (Nepal)

Tokens of Appreciation

12:45pm-02:30pm Lunch

02:30pm- 03:45pm Plenary Session 3

TRADE: Helping Businesses Become Global Trade Players
(Main Hall)

Invited speakers will elaborate on their thoughts and ideas on how to assist businesses, particularly the SMEs which comprised majority of chambers’ constituencies, adequately equipped to participate in the international market through, for instance, digital transformation, mediation and dispute resolution capability, and labor mobility and skills development to meet new business and market demands.

Speakers – 8 to 10 minutes each

• Dr. Yubaraj Khatiwada, Former Finance Minister of Nepal (Nepal)
• Ms. Deborah Lockhart, Chief Executive Officer, Australian Disputes Cetner (Mediation/Dispute Resolution) (Australia)
• Mr. James Shi Chu, Secretary General, Chinese National Association of Industry and Commerce (CNAIC), Taiwan (Taiwan)
• Dr. Posh Raj Pandey, Executive Chairman, South Asia Watch on Trade, Economics and Environment (Nepal)
• Dr. Gunveena Chadha, Assistant Secretary General and Coordinator International Division, Federation of Indian Chambers of Commerce and Industry (FICCI) (India)
• Moderator: Mr. Sheikh Fazle Fahim, Vice President, CACCI / Former President, FBCCI (Bangladesh)

Tokens of Appreciation

03:45pm – 04:00pm Coffee Break 

04:00pm – 05:30pm Plenary Session 4

CEO FORUM: Development Challenges and Opportunities in the Asia-Pacific Region
(Main Hall)

Company CEOs and business leaders will be invited to share their insights on what they think are the development challenges and opportunities faced by the region, including – but not limited to – food safety and security, tourism, supply chain resilience, climate change, cooperation in healthcare, the impact of the ongoing Russia-Ukraine conflict, and China’s economic growth.

Speakers – 8-10 minutes each

• Mr. Jemal Inaishvili, President Emeritus, CACCI / Former CEO, Poti Sea Port (Georgia)
• Mr. Samir Modi, Immediate Past President, CACCI / Executive Director, Modi Enterprises (India)
• Mr. Lennon Tan, President, Singapore Manufacturing Federation (SMF) (Singapore)
• Mr. Padma Jyoti, Chairman, Jyoti Group / Past President, FNCCI  (Nepal)
• Moderator: Mr. Peter McMullin AM, President, CACCI (Australia)

Tokens of Appreciation

06.30pm Gala Dinner

Wednesday 8 November 2023

Optional Post-Conference City-Tour
Departure of delegates

REGISTER HERE

Webinar on Advancing ESG Agenda: Net Zero Emission Supply Chain Through Carbon Footprint (CFP) – Register now!

The Confederation of Asia-Pacific Chambers of Commerce and Industry cordially invites members to join the webinar on Advancing ESG Agenda: Net Zero Emission Supply Chain Through Carbon Footprint (CFP) to be held on 19 October 2023 from 15:00-16:50 Tokyo time.

Jointly organized by the Asian Bankers Association (CACCI’s subsidiary organization) and the Association of Credit Rating Agencies in Asia (ACRAA), the 110-minute webinar will feature as Speakers a Japanese government official, a petrochemical company staff, a commercial banker and a rating agency representative.

THE SUBJECT: What is the Carbon Foot Print (CFP)?

A carbon footprint is a measure of the amount of greenhouse gases (primarily carbon dioxide) released into the atmosphere by an individual, organization, product, service, or event. The carbon footprint consists of two components: direct emissions and indirect emissions.

Direct emissions are the amount of carbon dioxide and other greenhouse gas emissions produced by energy use and transportation. Indirect emissions are those associated with the production, supply, and consumption of products and services.

They take into account the entire life cycle of a product and assess the greenhouse gas emissions at each stage of production, processing, transportation, use, and disposal of raw materials.

Measuring and reducing the carbon footprint is an important part of sustainable development and climate change action. Based on the measured data, effective greenhouse gas reduction strategies can be developed.

WEBINAR’S OBJECTIVE

This webinar will focus on and share different expert perspectives on how financing schemes can be used to reduce greenhouse gas emissions throughout the supply chain.

Participants will:

(a) gain an in-depth understanding of financing schemes to promote zero-emissions throughout the supply chain; and
(b) find concrete steps to adopt sustainable business strategies to run the business and protect the global environment

THE PROGRAM

15:00 Introductory Remarks
Speaker: Mr. Atsushi Masuda, Chairman of ACRAA, Counselor for International Affairs, Japan Credit Rating Agency (JCR).

15:05 Carbon footprint and net zero emission target for the entire supply chain
Speaker: Tomoki Sano, Deputy Director, Environmental Policy Division, Industrial Technology and Environment Bureau, Ministry of Economy, Trade and Industry (METI).

15:25 Outline of carbon footprint and sustainability link loan framework by NAGASE & CO., LTD.
Speaker: Mr. Yasuyuki Aizawa, Corporate Sustainability Office Manager, NAGASE & CO., LTD.

15:45 Business management support for zero emission by financial institutions Speaker: Mr. Naoya Orita. Vice President/Head of Sustainable Finance Japan, Sustainable Business Division, MUFG Bank, Ltd.

16:05 How to evaluate the alignment of Supply Chain Finance Framework with Sustainability Linked Loan Principles
Speaker: Ms. Atsuko Kajiwara, Managing Executive Officer, Head of Sustainable Finance Evaluation Group.

16:25 Panel discussion and Q&A Session.

16:50 Closing Remarks.

Please register HERE and share this invitation with colleagues.

About ACRAA:

ACRAA was formally organized on 14 September 2001 at the Asian Development Bank headquarters by 15 Asian credit rating agencies from 10 countries. As of September 2022, membership has increased to 28 members from 15 countries. An initiative of the ABA, ACRAA unites domestic credit rating agencies in a regional cooperative effort to develop and promote interaction and exchange of ideas, information, and skills among credit rating agencies in Asia to enhance their capabilities and their role of providing reliable market information. ACRAA also aims at promoting the adoption of best practices and common standards that ensure high quality and comparability of credit ratings throughout the region, following the highest norms of ethics and professional conduct.

FPCCI-SCC to collaborate

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh announced an intensified collaboration with the Scottish Chambers of Commerce (SCC) to actively promote trade, investments, joint ventures, and broader economic relations. Sheikh highlighted the robust Pakistani diaspora in Scotland, emphasising the substantial opportunity for expanding commercial and business interests.

Dr. Jeanette Forbes, the Ambassador of Scottish Chambers for Pakistan,highlighted the MoU formalised on Sept 26, 2022 which aims to fortify trade cooperation but acknowledges the need for
additional efforts in export promotion, foreign direct investment,JVs, and B2B linkages.

Highlighting the significance of tourism, hospitality, and cultural avenues in Scotland, Forbes stressed their pivotal role in establishing robust people-to-people and B2B connections.

28th CACCI Tourism Newsletter available

CACCI is pleased to share with you the 28th Volume of CACCI Tourism Newsletter, it is available to view or download here.

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

Thank you, and with best regards.

David Hsu
Director-General
Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)

CACCI Newsletter on Food and Agriculture available

Taipei – We are pleased to share with you the 20th Volume of CACCI Food & Agriculture Newsletter. It is available to view or download HERE.

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

Thank you, and with best regards.

Sincerely yours,

David Hsu
Director-General
CACCI

CACCI Director-General Calls on Russia’s Representative in Taipei

CACCI Director-General Mr. David Hsu on September 15 called on Mr. Yury Metelev, Representative the Representative office in Taipei for the Moscow-Taipei Coordination Commission on Economic and Cultural Cooperations.

Mr. Hsu was accompanied by CACCI Deputy Director-General Mr. Amador Honrado Jr. Also attending the meeting was Mr. Kirill Beliaev, Assistant to Representative/Cultural Section Chief and Mr. Aleksei Tamara, Economic Section Chief of the Representative Of­fice.

Mr. Hsu and Mr. Honrado briefed Mr. Me­telev introduce the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the Asian Bankers Association (ABA).

They also learned from Mr. Metelev and his colleagues about the activities of their organization, as well as about the Far Eastern Economic Forum, an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East.

Mr. Metelev kindly offered to encourage the Russian business community – through the Chamber of Commerce and Industry of the Russian Federation (CCIRF) – to participate in the 37th CACCI Conference to be held on November 6-7, 2023 in Kathmandu. He agreed that participation by Russian businessmen in CACCI Conference will provide them to network with CACCI members from other countries and explore possible areas of business cooperation and joint ventures.

Water, Energy & Environment Newsletter available

CACCI is pleased to announce that the 11^th edition of the Asian Council on Water, Energy and Environment (ACWEE) newsletter is now available to read or download here.

The latest issue includes features on the world’s water crisis and renewable energy, as well as projects to help fight plastic pollution, mobilize financing for energy transition in Asia, and sponge cities for water efficiency.

We hope that this edition– and future ones– may serve as an effective platform for an exchange of information among members of the water, energy, and environment sectors in the region.

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

Thank you and best regards.

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

YEGAP Iran member wins at 3rd International Invention and Innovation Competition for IFIA Members

Sina Taghizadeh and Shadi Azimi Gohar, inventors from Iran, achieved success by winning the gold medal in a joint project titled “Device for Determining Temperament Based on Facial Recognition and Skin Color” at the 2023 International Federation of Inventors Associations (IFIA) competition held in Switzerland. Taghizadeh is a member of CACCI’s Young Entrepreneurs Group of Asia-Pacific (YEGAP).

The World Invention Competition 2023 took place over three days (August 20th to 22nd) in Geneva, Switzerland, organized by the International Federation of Inventors Associations (IFIA). In this edition, inventors from various countries including the United States, Canada, England, Australia, Russia, China, Hong Kong, the United Arab Emirates, and Iran participated. Among all the participating countries, representatives from our country succeeded in winning the gold medal in this edition of the World Invention Competition.

Sina Taghizadeh, whose joint project with Shadi Azimi Gohar earned them the gold medal in this edition of the World Invention Competition, is also one of the young entrepreneurial managers in Iran. Taghizadeh stated that the International Federation of Inventors Associations (IFIA) holds invention registration events worldwide every year. These invention registrations are held in
various fields, and this year the third edition of the Federation’s competition was held in Geneva, Switzerland.

Taghizadeh continued: The Federation announces publicly in all countries and has offices in many countries, directly receiving projects and transferring them to Geneva, Switzerland. There,
the projects are judged, and this year, which was more vibrant than in previous years, participants from 36 countries including Canada, the United States, Australia, England, China, Russia, Hong Kong, and the United Arab Emirates, with 830 acceptable projects, were present.

The entrepreneur stated: Selected inventors submitted a short film of their innovation to participate in the festival, and the jury, considering criteria such as public demand, cost-effectiveness, environmental friendliness, etc., reviewed the submitted designs in 13 different categories.

Taghizadeh added that after the evaluation, the top performers in various categories are introduced to the world. He further added: “In the medical category, M.s Shadi Azimi Gohari and I were able to achieve the gold standard of this competition through our collaboration.”

Sina Taghizadeh continued: Our invention is in the field of Iranian traditional medicine and is titled “Temperament Diagnosis.” In traditional medicine, we diagnose diseases based on temperaments. We have four types of temperaments: warm and dry, warm and moist, cold and dry, cold and moist, which ancient Iranian traditional medicine says all diseases arise from these temperaments, and not adhering to the type of diet and lifestyle can affect these temperaments.

Our country’s inventor continued: Considering that doctors may make mistakes in diagnosing temperaments, we invented a device that, by examining and diagnosing the face and skin warmth and responding to a few short questions and some other signs with a high confidence level, diagnoses people’s temperaments, and based on that, provides a dietary plan to improve life, which
reduces the incidence of diseases in individuals. He said: We introduced this device as Iranian traditional medicine and it was accepted by the competition judges, and we were able to achieve
the gold medal in this competition for Iran.

IFIA is a non-governmental organization in the field of inventions and innovations, established in 1968 with the aim of creating an international platform to support inventors. IFIA’s mission is to foster the creation of knowledge, promote a culture of innovation, and facilitate the process of transforming ideas into wealth.

The federation is a supervisory and advisory member of the United Nations Conference on Trade and Development (UNCTAD) and a member and observer of the European Patent Office (EPO).
It is the most important supporting organization for inventors worldwide, under the auspices of the World Intellectual Property Organization (WIPO), a member of the United Nations Industrial
Development Organization (UNIDO) and a special member of the European Union’s Innovation Union (EAI).

Sina Taghizadeh holds a PhD in Business Administration-Marketing from the University of Tehran. He is a professor at the University of Tehran, Vice President of the International Affairs and Trade Development Commission of the Iran house of Industry, Mine and Trade, a member of the International Federation of Inventors Associations, CEO of Afra Gol Caspian Company, and Chairman of the Board of Javid Toos Group of Companies. He is also the international deputy of the JCI Iran, Secretary and Founder of the International Youth Business Club (YBC), and
Ten Outstanding Young Persons of Iran in 2022 according to JCI Toyp.

Shadi Azimi Gohari holds a Master’s degree in Energy Architecture from the University of Tehran, Kish International Campus. She is also a Master of Entrepreneurship with a focus on New Business from the University of Tehran, Kish International Campus. She is a member of the Alborz Province Engineering Organization and holds a professional certificate in construction.

Iran News Agency

Proposed CACCI Joint Seminars on “International Trade Terms” for new changes in 2023

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) plans to organize for the second half of 2023, in cooperation with interested Primary and Affiliate Members, four different one-day seminars on International Trade Terms 2020 (Incoterms 2020) and related themes.

The four proposed programs are:

(1) New Revision of the International Trade Terms (one day)

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

(3) Advanced Seminar in Incoterms 2020 and their Linkage to Documentary Credits  (one day)

(4) Advanced Seminar on Payment and Security Instruments in Foreign Trade, Trade Finance (one day)

As the Incoterms 2020 have been applicable since January 1, 2020, being familiar with all changes and their impact is a must in the international trade and finance world.  Moreover, new changes were implemented during 2023 that might require further study.

Interested chambers can choose from the suggested topics and preferably organize a two one-day courses. The programs can be adjusted according to the Chamber’s needs. For instance there could be more comprehensive one-day course just on documentary credits and their financing, with news such as ISBP 821 and new ICC Opinions on some practical issues. New topics can be added or deleted. In fact, more time will be allocated to practical case studies and discussions.

By attending the seminars, participants will be able to:

(1) get a further understanding on the main aspects of contract of sale, related risks, main problematic issues;
(2) familiarize themselves with trade terms as per Incoterms and above all with new revision Incoterms 2020 – their practical impact on international trade and finance; and
(3) learn about the relationship of payment terms to trade terms – Incoterms 2020.

The seminars will be conducted by Mr. Pavel Andrle, Secretary to the Banking Commission of ICC Czech Republic as well as Member of UCP 600 Consulting Group.

In this regard, we would like to know whether your Chamber is interested in hosting the proposed seminars under a cost-sharing arrangement as outlined in the Annex 1.

Please let us know if your Chamber is interested to host the proposed seminars under the proposed cost-sharing arrangements by filling out the attached Response Form and returning it to us through our Fax No.: (886 2) 2760-7569 or e-mail: cacci@cacci.biz by September 15, 2023.

CACCI Joint Seminars on “International Trade Terms” in April 17-18, 2023 in Hanoi

CACCI VP Dr. Alireza Yavari’s Business Dinner with Sri Lanka’s Foreign Minister Mr. Ali Sabri

On the evening of 5th August 2023, Dr. Alireza Yavari, the Vice-President of CACCI, attended a business dinner banquet planned by the Business Magnates Association (BMA) in Tehran. It was at this event that Dr. Yavari had the honor of engaging in a comprehensive discussion with the Foreign Minister of Sri Lanka, Mr. Ali Sabri.

The crux of their conversation delved into the commercial activities prevalent in the APAC region.

The three primary topics discussed were:

1. APAC Region Trade: The importance of commercial activities in the APAC region was highlighted, with an emphasis on enhancing trade relations among CACCI’s member states.
2. Tourism in Sri Lanka: Focus was on Sri Lanka’s growing tourism sector, covering:

• The rise in foreign investments in hotels, especially luxury brands like Shangri-La.
• The involvement of Emirati investors in the hotel sector.
• The popularity of boutique hotels.

3. Economic Strategy of Sri Lanka: Minister Sabri discussed:

• The nation’s success in reducing inflation from 70% to 6.7% swiftly.
• Steps taken included raising interest rates, removing subsidies, and introducing social security for the poorest 20%.
• These efforts led to Sri Lanka’s inclusion in the IMF program, reflecting economic stability and a confirmed $8 billion funding over four years from institutions such as the IMF and ADB, promising steady economic growth and recovery.

Excellent webinar on Hong Kong After Covid-19 held on 14 July 2023

The Kowloon Chamber of Commerce (KCC) hosted a well-attended webinar on “Hong Kong After CoVid-29’ on July 14, 2023, 2:00 PM Hong Kong Time.

Co-organized with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the one-hour webinar featured as Speaker Professor Terence Chong, Associate professor of Economics, The Chinese University of Hong Kong. Serving as Moderator was Mr. Ernest Yuen, KCC Chairman and Vice President of CACCI

Professor Chong made a presentation on the current economic and financial sector situation in Hong Kong, the policy measures the territory has adopted to mitigate the impact of the pandemic and to achieve sustainable economic recovery and sustainable growth, and the trade, investment, and business opportunities it currently offers, particularly to investors from other counties in the region.

In his presentation, Professor covered the following topics:

(1) An overview of the current state of Hong Kong economy

(2) The growth in the number of tourists after the opening up of Hong Kong in 2023

(3) The current state and future prospects of Hong Kong’s Banking and Financial sector

(4) Hong Kong’s housing market prospect

(5) The engine of growth for Hong Kong economy in the second half of 2023

Professor Chong highlighted the following points in his report:

• The Hong Kong economy posted a growth of 2.3annual growth during the first quarter of 2023, after recording negative quarterly growths in 2022 from -1.2% to -4.6%.
• The Hong Kong unemployment rate has started to decline in 2023 to reach the low levels of about 3% prior to the pandemic period, with the number of employed persons going up since the start of the current year.
• Inflation rate has also been controlled to the 2.0% level in May 2023
• China and Hong Kong exports have also been slowly improving from their 2019-2020 levels;
• Fiscal expenditures on average stay higher than prior to the pandemic period due to the government’s pandemic-related spending
• The number of arriving tourists has started to go up in 2023 from almost zero in the previous three years, as Hong Kong begins to open up.
• Passenger traffic at the airport continues to show a net outflow of Hong Kong residents in 2023 although the situation has slightly improved compared with the previous three years.
• The traffic of visitors from Mainland China has remained more or less steady, while passenger traffic from other countries has shown improvement during the early part of 2023
• The banking sector remained healthy, with their balance sheets showing a gradual growth during the past two years
• Bank loans to the private sector have also remained high indicating a steady demand from businesses.
• The Hong Kong 3-month Interbank rate has followed the same trend shown by the US Fed Funds Rate
• The Hong Kong housing price index as well as the Hong Kong Property Market price index have slightly dipped but stayed at a level higher than prior to 2020, indicating a continuing demand
• For the second half of 2023, business confidence is rising, as reflected in the positive annual growth in retail sales during the first half of the year.
• The Hong Kong government is currently working on the integration of the Hong Kong economy through the development of the Greater Bay Area, which covers regions that have their respective strengths in finance, technology, and manufacturing.

Only registered participants received a copy of the presentation.

The video recording of the webinar is available here.

CACCI Profile – November edition available

We are pleased to announce that the November 2023 issue of CACCI Profile is now available. Please click here to read or download.

This month’s issue features the highlights of the recently concluded 37^th CACCI Conference in Kathmandu, Nepal. It also includes news on the WCF General Council Meeting in Geneva in late November, and on the recent meeting of CoNGO President Liberato Bautista with CACCI Secretariat officers.  Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

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

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

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

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

First Semester 2023 Issue of the CACCI Journal of Commerce and Industry

We are pleased to announce the First Semester 2023 issue of the CACCI Journal of Commerce and Industry is now available online.

It is our ardent hope that this publication will continue to serve as an effective platform for the exchange and sharing of information and ideas among CACCI members on issues impacting on the region’s commerce and industry.

We would also like to take this opportunity to invite all members to contribute articles for the next issues of the Journal. Kindly send your materials to the CACCI Secretariat through our e-mail address at cacci@cacci.biz

16th Singapore International Energy Week is Open – Register now!

Registration is now OPEN for the 16th Singapore International Energy Week (SIEW). Organised by the Energy Market Authority of Singapore (EMA), SIEW will take place from 23 to 27 October 2023 with the theme “Energy Transition Towards a Net Zero World”.

SIEW 2023 will bring together energy ministers, leaders of global energy organisations and renowned industry experts, while providing a platform for panel discussions and networking opportunities where energy professionals can gain insights and forge new partnerships to address key energy issues. With a diverse line-up of renowned speakers and engaging sessions, SIEW offers an unparalleled platform for professionals to gain insights and exchange perspectives.

Global Energy Thought Leaders

Prominent industry leaders convening at SIEW 2023 include:

I. Governments and International Organisations

• H.E. Raphael Perpetuo Lotilla, Secretary of Energy, Republic of the Philippines
• Dr Akihiko Yokoyama, Chairman, Electricity and Gas Market Surveillance Commission (Japan)
• Eric Pang, Director, Electrical and Mechanical Services Department, Hong Kong SAR
• Dr Fatih Birol, Executive Director, International Energy Agency (IEA)
• Dr Marit Brommer, Executive Director, International Geothermal Association (IGA)
• Francesco La Camera, Director-General, International Renewable Energy Agency (IRENA)
• Mikhail Chudakov, Deputy Director General, International Atomic Energy Agency (IAEA)
• Dr Angela Wilkinson, Secretary General and Chief Executive Officer, World Energy Council

II. Industry

• Audra Low, Chief Executive Officer and Executive Director, Clifford Capital Pte Ltd
• James Stacey, Partner, Global Leader of Clients & Industries, ERM
• Eric Arnold, Executive Chairman, Global Energy Storage
• Toshiro Kudama, Chief Executive Officer, JERA Asia Pte. Ltd.
• Laura Ashton, Co-Founder and Chief Executive Officer, Low Carbon Advisors
• Takao Tsukui, Executive Vice President, International Sales and Marketing, Mitsubishi Power
• Shivkumar Kalyanaraman, Chief Technology Officer Energy Industry, Asia, Microsoft Asia Pacific
• Roberto Lorato, Director and Chief Executive Officer, PT Medco Energi Internasional Tbk
• Dannif Danusaputro, Chief Executive Officer, PT Pertamina Power Indonesia
• Paula Conboy, Board Member of PJM Interconnection and Senior Counsel, Sussex Strategy Group
• Martin Houston, Vice Chairman, Tellurian Inc
• Dilhan Pillay Sandrasegara, Executive Director and Chief Executive Officer, Temasek Holdings
• David Gray CBE, Non-Executive Director, Tokamak Energy

III. Anchor Events

SIEW 2023 will feature a range of anchor events organised by EMA. These include:

(1) SIEW Summit: This high-level event will bring together energy ministers, leaders of international organisations and industry experts to discuss topics such as: • Net Zero Asia

• Intensifying Net Zero Innovation
• Hydrogen as the Future of Net Zero Energy
• Securing Green Financing for a Net Zero Future

(2) Singapore-International Energy Agency (IEA) Forum: Co-hosted by Singapore and IEA, the forum will focus on the decarbonisation efforts in Southeast Asia towards Net Zero, and the policy levers required for a sustainable future.

(3) 3rd Singapore-International Renewable Energy Agency (IRENA) High-Level Forum: Co-hosted by Singapore and IRENA, the event will address the topics of “Pathways for Regional Interconnectivity” and “Scaling up Investment to accelerate Energy Transition”.

(4) SIEW Energy Insights, SIEW TechTable and SIEW Thinktank Roundtables: These industry events will facilitate knowledge exchange and discussions on emerging trends and innovations driving the region’s energy transition. China Renewable Energy Engineering Institute and Singapore Green Building Council will host the SIEW Thinktank Roundtables for the first time.

(5) The SIEW Energy Showcase: Returning for its second year, the Showcase will exhibit the latest industry trends, clean energy solutions, and sustainable practices driving Singapore’s and Asia’s net zero transition.

IV. Industry Events

SIEW 2023 will also play host to returning industry events across the energy domains:
Asia Clean Energy Summit (ACES): Commemorating its 10th edition, ACES will focus their discussions on the theme “Clean Energy for a Clean World”, featuring panels on solar and energy storage, electric mobility and energy efficiency for the low-carbon transition.

Asian Downstream Summit (ADS) & Asian Refining Technology Conference (ARTC): These events will address challenges across the downstream value chain, from green financing to cybersecurity. ADS also marks its 15th anniversary with a new discussion track focused on carbon capture, utilisation & storage.

Asia Hydrogen and LNG Markets Conference: The conference will explore pressing issues shaping the industry, such as shifting liquefied natural gas (LNG) trade flows and the viability of a hydrogen-powered economy.

Future of the Grid: The conference will deep dive into contemporary grid-related matters, with topics ranging from interconnectivity to renewables integration and grid modernisation. New this year, the event will host the inaugural ASEAN Energy Regulatory Forum, which will facilitate conversations between regulators, policy-makers and key industry stakeholders to enhance regional interconnectivity and facilitate the development of greener future grids.

Singapore skyline at night

Registration and More Information

With the opening of registration for SIEW 2023, early bird discounts are available. For more information on the conference programme, speakers, and bundled discounts available for partner events, please visit https://www.siew.gov.sg

About the Energy Market Authority

The Energy Market Authority (EMA) is a statutory board under the Singapore Ministry of Trade and Industry. Through our work, we seek to forge a progressive energy landscape for sustained growth. We aim to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Visit www.ema.gov.sg for more information.

About Singapore International Energy Week
The Singapore International Energy Week (SIEW) is an official trademarked event by the Energy Market Authority (EMA). It is an annual platform for energy professionals,
policymakers and commentators to discuss and share best practices and solutions within the global energy space. The 16th edition of SIEW will be held from the 23-27 October.

For media enquiries, please contact:
Mr Dion Lim
FINN Partners for Singapore International Energy Week
Tel: +65 6779 5514
Email: SIEWMedia@finnpartners.com

CACCI Director-General Calls on Turkey’s Representatives in Taipei

Turkey’s Representative in Taipei Mr. Muhammed Berdibek (center) received CACCI Director General Mr. David Hsu (left)  and Deputy Director-General Mr. Amador Honrado Jr. (right) on July 21, 2023 at the Turkish Trade Office in Taipei.

During the visit, Mr. Hsu introduced CACCI and the Asian Bankers Association (ABA), one of the Product and Service Councils established under the CACCI umbrella, to Mr. Berbidek. Hel also outlined programs of CACCI and highlighted the active involvement of the Union Chambers and Commodity Exchanges of Turkey (TOBB) since it joined CACCI as a Primary Member in 2009. Among others, Mr. Hsu informed  Mr. Berbidek that TOBB has hosted two annual gathering of CACCI and three CACCI Presidential visits, and that incumbent TOBB President Mr. Rifat Hisarciklioglu has served as CACCI Vice President since 2014.

Mr. Berbidek expressed his appreciation for the visit of Mr. Hsu and Mr. Honrado and offered his office’s assistance in helping CACCI members from other countries – especially those from Taiwan – who may be interested in exploring business opportunities in Turkey, and in establishing contacts with relevant government agencies in the country.

Asian ICT Council’s newsletter available

CACCI is pleased to announce that the July 2023 issue of the Asian ICT Council Newsletter is now available to read or download here.

The latest issue includes a report on the successfully concluded webinar on Cross-Border Digital Skilling, and features several articles covering AI, smart industries, and digital transformation. We hope that this edition– and the future ones– may serve as an effective platform for an exchange of information among members of the ICT sectors in the region.

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

Webinar on Hong Kong Economy After Covid-19 – Register now!

CACCI cordially invite its members and friends to the upcoming Investment Forum “Hong Kong Economy After Covid-19” scheduled to take place on July 14,  2023 at 14:00 SGT.

Jointly organized by Kowloon Chamber of Commerce (KCC) and CACCI (ABA’s parent organization), the 90-minute Forum will feature as Speaker Professor Terence Chong, Ph.D., Associate Head of New Asia College, Executive Director of Lau Chor Tak Institute of Global Economics, Finance Co-Director of Global Economics and Finance Program & Associate Professor of Economics at The Chinese University of Hong Kong.

Professor Chong’s presentation will elaborate on the following topics:

(1) Current economic and financial sector situation in Hong Kong.

(2) Policy measures the territory has adopted to mitigate the impact of the pandemic and to achieve sustainable economic recovery and sustainable growth.

(3) Trade, investment, and business opportunities it currently offers, particularly to investors from other counties in the region.

THE AGENDA

14:00 Opening Remarks by Moderator, Mr. Ernest Yuen, Chairman of the Kowloon Chamber of Commerce and CACCI Vice President.

14:05 Feature Presentation by Professor Terence Chong, Ph.D.

15:00 Q&A Session

15:25 Closing Remarks by Moderator, Mr. Ernest Yuen

15:30 End of the Forum

Please register HERE.

XIX CACCI Health & Education newsletter available

CACCI is pleased to share with you the 19th Volume of CACCI Health & Education Newsletter, it is available to view or download here.

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

CACCI Profile – June edition available

We are pleased to announce that the June 2023 issue of CACCI Profile is now available. Please click here to read or download.

This month’s issue features updates from President Peter McMullin on his recent trip to Geneva to participate in the 13^th World Chambers Congress, as well as a brief summary on the Presidential Visits he led to Taipei and Hanoi last May. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.

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

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

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

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

Japan YEG Officers Visit CACCI Secretariat

Officers and members of The Young Entrepreneurs Group of the Japan Chamber of Commerce and Industry (Japan YEG) visited the CACCI Secretariat headquarters in Taipei on June 28, 2023. Led by Mr. Hiromi Aoki, member of the Executive Committee of Young Entrepreneurs Group of Asia-Pacific (YEGAP) established under the CACCI umbrella, the visiting group was briefed by CACCI Secretariat officers headed by Director-General David Hsu on CACCI and its activities, as well as on the history and background of YEGAP, its current membership, its organizational structure, and its recent and upcoming activities and programs.

They were also each given a YEGAP pin. Following the meeting, the visiting group was hosted lunch by the CACCI Secretariat. Members of Japan YEG was in Taipei to attend the formal inauguration on January 27 of Mr. Richard Lin, also a member of the Executive Committee of YEGAP, as the new Chairman of the Young Entrepreneurs Group of the Third Wednesday Club of Taiwan, a well-established and foremost business organization in the island that aims to expand economic interaction between Taiwan and other countries, particularly Japan and mainland China.

Experts discussed CPTPP Agreement during CACCI webinar

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) organized a webinar on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 28 June 2023.

The 90-minute webinar discussion was moderated by Mr. Lennon Tan, President of the Singapore Manufacturing Federation, with Dr. Roy Chun Lee, Deputy Minister of Foreign Affairs, Republic of China (Taiwan) setting the introductory stage of the experts’ presentation of this difficult international trade agreement. The webinar featured three trade experts: (1) Mr. Noriyuki Mita, Director of Strategy & Planning Division at Basic Materials Business Group, Mitsubishi Chemical Corporation, (2) Dr. Huai-Shing Yen, Associate Research Fellow and Senior Deputy, Executive Director at the Taiwan WTO and RTA Center, Chung Hwa Institution for Economic Research (CIER), and (3) Hon. Professor Andrew Stoeckel, Centre for Applied Macroeconomic Analysis at the Australian National University.

Following their extensive presentation, the presenters engaged in a panel discussion to further elaborate on the issues affecting CPTPP, and concluded with a Q&A session. The summary of the webinar is presented as follows.

SUMMARY

(1) Mr. Lennon Tan, President of the Singapore Manufacturing Federation (Opening Remarks)

Mr. Lennon Tan commenced the webinar by welcoming all participants and setting the stage for the discussions. He emphasized the significance of collaboration among Asian economies to foster sustainable growth and innovation. Mr. Tan highlighted the pivotal role of manufacturing in driving economic development and the need for industries to adapt to evolving global trends.

(2) Dr. Roy Chun Lee, Deputy Minister of Foreign Affairs, Republic of China (Taiwan) (Special Remarks)

Dr. Roy Chun Lee addressed the audience with insights into Taiwan’s foreign policy and economic strategies. He underscored Taiwan’s commitment to strengthening ties with neighboring countries and participating actively in regional trade agreements. Dr. Lee also discussed Taiwan’s initiatives in technology and innovation, aiming to position the nation as a leader in the global digital economy.

(3) Mr. Noriyuki Mita, Director of Strategy & Planning Division at Basic Materials Business Group, Mitsubishi Chemical Corporation (1st Presenter)

Mr. Noriyuki Mita presented on the advancements in sustainable materials and their applications in various industries. Key points from his presentation include:

• Sustainable Innovations: Introduction of eco-friendly materials developed by Mitsubishi Chemical Corporation to reduce environmental impact.
• Industry Applications: Examples of how these sustainable materials are being integrated into automotive and packaging sectors to promote circular economies.
• Future Outlook: Emphasis on continuous research and development to meet the growing demand for sustainable solutions globally.

(4) Dr. Huai-Shing Yen, Associate Research Fellow and Senior Deputy, Executive Director at the Taiwan WTO and RTA Center, Chung Hwa Institution for Economic Research (CIER) (2nd Presenter)

Dr. Huai-Shing Yen provided an analysis of regional trade agreements (RTAs) and their implications for Asian economies. Highlights from her presentation include:

• RTA Trends: Overview of the increasing number of RTAs in Asia and their role in facilitating trade and investment.
• Economic Impacts: Assessment of how RTAs contribute to economic growth, with a focus on tariff reductions and market access.
• Policy Recommendations: Suggestions for policymakers to maximize the benefits of RTAs, including aligning domestic regulations with international standards.

(5) Hon. Professor Andrew Stoeckel, Centre for Applied Macroeconomic Analysis at the Australian National University (3rd Presenter)

Professor Andrew Stoeckel discussed the macroeconomic challenges and opportunities facing the Asia-Pacific region. Key insights from his presentation include:

• Economic Outlook: Analysis of current economic indicators and growth projections for Asia-Pacific countries.
• Policy Challenges: Identification of issues such as income inequality and environmental sustainability that require coordinated policy responses.
• Strategic Opportunities: Exploration of areas where the region can capitalize on global trends, such as digitalization and green energy.

(6) Panel Discussion Summary

The webinar concluded with a panel discussion featuring all six participants. The key themes addressed during the discussion were:

• Regional Cooperation: The necessity for enhanced collaboration among Asian countries to tackle common challenges and leverage collective strengths.
• Innovation and Sustainability: The role of technological innovation in driving sustainable economic growth and addressing environmental concerns.
• Trade and Investment: Strategies to boost intra-regional trade and attract investment, including the harmonization of regulations and improvement of infrastructure.