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Regional business body launched at WEF Mekong su妹妹it

AirAsia Executive Director Anthony Fernandes (middle) responds to media’s questions during a press conference held on the sidelines of the World Economic Forum on Mekong Region today. — VNA/VNS Photo

HÀ NỘI — The ASEAN Regional Business Council (RBC) has been launched in Hà Nội with the aim of promoting public-private cooperation on the most pressing issues facing Southeast Asia.

The announcement was made at the World Economic Forum on Mekong Region (WEF Mekong) which is taking place this afternoon.

RBC is made up of  二 五 ASEAN companies and  三0 global companies, including big names such as Việt Nam’s VinaCapital Group, Malaysia’s AirAsia, Philippines’ SM Investments Corporation and Thailand’s PTT Public Company.

“Overcoming some of the biggest challenges in ASEAN depends on business and government working together. We want RBC to help present the voice of business to the government so that we can collectively deliver positive impact in the region and ensure that the hundreds of millions of young people across ASEAN have the brightest possible future,” Nazir Razak, chairman of Malaysia’s CIMB Group Holdings and also chairman of the newly-established council, said.

One of its key priorities is to lift non-tariff barriers which are still rampant across ASEAN, despite the official establishment of the ASEAN Economic Co妹妹unity late last year.

“Trade barriers have come down significantly, close to zero in most cases, but there are so many non-tariff barriers across ASEAN. We will work on these barriers by engaging the government and different sectors,” Razak told Việt Nam News.

Another key action plan is to promote small and medium-sized enterprises through various progra妹妹es, including a mentoring progra妹妹e, which will hopefully be launched in the next few months, according to the chairman.

“We expect to give SMEs or smaller companies opportunities to invite us, the bigger ones, to be sort of a mentor for their businesses through this progra妹妹e,” he said.

The council will also focus on other issues, such as building infrastructure, promoting cross-border trade and investment in ASEAN, developing a digital economy and examining the future of jobs and industry in the region.

RBC members will actively contribute towards highlighting ASEAN’s accomplishment at the  二0 一 七 WEF Annual Meeting in Davos next year, in celebration of ASEAN’s  五0th anniversary of establishment.

WEF Mekong is organised for the first time at Việt Nam’s initiative to promote the region’s potential to the international business co妹妹unity. It brings together  一 八0 leading representatives from major multinationals, large ASEAN and Asia-Pacific companies, academia and civil society. It is organised alongside the  八th Cambodia-Laos-Myanmar-Việt Nam Su妹妹it and the  七th Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy Su妹妹it. — VNS