Mr. George Abraham, Chairman of the CACCI SME Development Council (2nd from left, bottom), represented CACCI in the 19th Joint Business Councils’ (JBC) Meeting held online on February 14, 2022 at 09:00 AM, Cambodia Time.
Among others, the meeting was briefed on the Program – under the theme “Addressing Challenges Together” – of Cambodia Chamber of Commerce as this year’s Chairman of the ASEAN Business Advisory Council (ASEAN-BAC). Each of the JBC Members was also given the opportunity to report on their ongoing and upcoming activities to support the ASEAN-BAC programs.
For his part, Mr. Abraham informed the meeting of the following activities being undertaken by CACCI: (a) Promotion of the CACCI study on “Achieving a Successful World Trading System”; (b) Review of the future growth strategy of CACCI (c) Survey on Members supply resources; (d) Restructuring and revitalizing of the CACCI Young Entrepreneurs Group; (e) Partnership with the Chinese National Association of Industry and Commerce (CNAIC) on the holding of the Business Forum on Regional Integration; (f) Participation inB20 Indonesia 2022 through membership in its Digitalization Task Force; and (g) Preparations for the 36th CACCI Conference. Mr. Abraham also cited possible areas on which CACCI can jointly work with other JBC members.
CACCI joins NGO Committee on Language and Languages
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) joined as one of the 22 inaugural and constituting members of the “NGO Committee on Language and Languages” organized by the Conference of NGOs in Consultative Status with the United Nations (CoNGO), of which CACCI is a member. The formation of the Committee was first […]
CACCI joins NGO Committee on Language and Languages
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) joined as one of the 22 inaugural and constituting members of the “NGO Committee on Language and Languages” organized by the Conference of NGOs in Consultative Status with the United Nations (CoNGO), of which CACCI is a member. The formation of the Committee was first proposed in December 2019 under the initiative of Mr. Humphrey Tonkin, President & University Professor of the Humanities, Emeritus, University of Hartford.
According to CoNGO: “Fundamental to the work of the United Nations is the spoken and written word. The United Nations is a place of negotiation and action in which language and communication underlie everything that it does. The UN Secretariat works in two languages; the General Assembly works in six; the various members of the UN family have their own language policies, intended to promote inclusion. Beyond its official languages, the United Nations interacts with the public in a host of other languages. “We need to come together,” Secretary-General Guterres recently declared, “not only to talk but to listen.” Multilingualism is honoured and encouraged in the work of the United Nations.
“Written into many international instruments created or promoted by the United Nations is the principle of non-discrimination on the basis of language. The Universal Declaration of Human Rights stresses access to education, a right to enjoy one’s own culture, a right to a fair trial, and numerous other rights that are dependent on language.
“There is currently no NGO committee that concerns itself with language and language policy, despite the fact that all international NGOs must grapple, to a greater or lesser extent, with language difference. And there are numerous NGOs directly concerned with the teaching of language, with interpretation and translation, and with communication with the public.
“An NGO Committee on Language and Languages could give its attention to UN language policy, to the work of interpreters and translators, to the use of language in the field, and to numerous other aspects of language, among them also the preservation of endangered languages and the promotion of language learning.
“Put in concrete terms, the proposed Committee will cover both language use at the UN (sexist language, the language of hate, the language of peace, human rights language) and the use of languages at the UN (provision of translation and interpretation, documentation, outreach to speakers of other languages, parity among languages, protection and promotion of indigenous languages, etc.).
The founding meeting of the Committee was held virtually on September 9, 2021, mainly to discuss basic matters, including the creation of by-laws and agreement on goals, the establishment of an initial organizing committee, decisions on frequency and topics of meetings, among others. The Committee also agreed to meet regularly for possible briefing sessions on any of the following topics:
UN language policies and services (with briefing by UN personnel)
Briefings by NGOs on language-relate issues (internal language policies, hiring of multilingual personnel, policy issues relating to languages, protection of language workers, etc.)
Language and education (perhaps in cooperation with the NGO Committee on Education)
Linguistic justice (language and human rights, non-discrimination on grounds of language, etc.) and programmes of UNESCO related to language (endangered languages, indigenous languages, language in education, etc.)
Sign language
The Committee held its inaugural briefing session virtually on December 7, 2021. Focusing on the theme “Multilingualism and the United Nations: Policy, Practice, and Prospects,” the inaugural session served to publicly launch the NGO Committee on Language and Languages by providing an overview of the current state of multilingualism at the United Nations as well as prospects for the future of multilingualism.
CACCI Profile – March edition available
Taipei – The March 2022 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download here. This month’s issue includes an announcement on the dates of the 36th CACCI Conference and a feature on the recently concluded CACCI Planning Committee Meeting. It also includes details on the CACCI-CNAIC forum on […]
Taipei – The March 2022 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download here.
This month’s issue includes an announcement on the dates of the 36th CACCI Conference and a feature on the recently concluded CACCI Planning Committee Meeting. It also includes details on the CACCI-CNAIC forum on regional economic integration held last March 15. 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.
Cambodia Chamber of Commerce President Takes Over ASEAN BAC 2022 Chairmanship
Neak Oknha Kith Meng, President of the Cambodia Chamber of Commerce (2nd from left), receives the flag of the ASEAN Business Advisory Council (ASEAN BAC) from Mr. Kelvin Ng Tien Long, Charg’e d’ Affaires of Brunei Darussalam to Cambodia (left), during the formal ASEAN BAC Chairmanship Handover Ceremony held on January 26, 2022. Chairman Kith […]
Cambodia Chamber of Commerce President Takes Over ASEAN BAC 2022 Chairmanship
Neak Oknha Kith Meng, President of the Cambodia Chamber of Commerce (2nd from left), receives the flag of the ASEAN Business Advisory Council (ASEAN BAC) from Mr. Kelvin Ng Tien Long, Charg’e d’ Affaires of Brunei Darussalam to Cambodia (left), during the formal ASEAN BAC Chairmanship Handover Ceremony held on January 26, 2022.
Chairman Kith Meng was accompanied by ASEAN BAC members from Cambodia Mr. Sok Piseth (right) and Mr. Van Souieng (2nd from right).
CACCI Secretariat Meets with ICC Centre of Entrepreneurship Indonesia
Executives and staff of the CACCI Secretariat attended the online meeting organized by the ICC Center of Entrepreneurship (CoE) on February 15, providing them an opportunity to meet with the team in charge of the Jakarta hub of CoE. Both sides took the occasion to introduce their respective organizations to each other, and to discuss […]
CACCI Secretariat Meets with ICC Centre of Entrepreneurship Indonesia
Executives and staff of the CACCI Secretariat attended the online meeting organized by the ICC Center of Entrepreneurship (CoE) on February 15, providing them an opportunity to meet with the team in charge of the Jakarta hub of CoE. Both sides took the occasion to introduce their respective organizations to each other, and to discuss possible areas of collaboration moving forward, particularly those aimed at promoting the development and growth of SMEs and in fostering the spirit of entrepreneurship in the region, especially among the young people.
The ICC CoE harnesses ICC’s network of national committees and chambers of commerce in over 100 countries to run capacity building programmes, trainings, and community workshops to address the challenges facing entrepreneurs and SMEs. It established its first Asia Pacific hub in Jakarta, Indonesia on October 25, 2021.
CACCI Profile – February edition available
Taipei – The February 2022 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. This month’s issue features an update on the CACCI Planning Committee Meeting on March 10, 2022, as well as a request for members to submit their suggestions for the theme and topics of […]
Taipei – The February 2022 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
This month’s issue features an update on the CACCI Planning Committee Meeting on March 10, 2022, as well as a request for members to submit their suggestions for the theme and topics of the 36th CACCI Conference in November. It also includes details on President Samir Modi’s recent meeting with CACCI Vice Presidents. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Planning Committee Meeting scheduled on March 10
The CACCI Planning Committee Meeting has been scheduled to be conducted virtually on March 10, 2022 at 2:00 PM Taipei/ 5:00 PM Melbourne time. The meeting will primarily discuss preparations for the 36th CACCI Conference to be hosted by the Victorian Chamber of Commerce and Industry (VCCI), the Melbourne Chamber of Commerce and Industry (MCCI), […]
CACCI Planning Committee Meeting scheduled on March 10
The CACCI Planning Committee Meeting has been scheduled to be conducted virtually on March 10, 2022 at 2:00 PM Taipei/ 5:00 PM Melbourne time.
The meeting will primarily discuss preparations for the 36th CACCI Conference to be hosted by the Victorian Chamber of Commerce and Industry (VCCI), the Melbourne Chamber of Commerce and Industry (MCCI), and the Australian Chamber of Commerce and Industry (ACCI) in Melbourne, Australia in November 2022. Discussion will mainly focus on the final Conference dates, Conference venue, theme, topics, speakers, and format, among others.
CACCI will soon be sending out the tentative agenda for the meeting, so that members and officers may begin to confirm their attendance. Additionally, members and officers will be asked to provide suggestions on economic, business or policy issues that are currently of great concern to the membership and business sector of the region as a whole, and thus should be tackled during the 2022 Conference.
Further information on both the Planning Committee meeting in March as well as the CACCI Conference in November 2022 will be sent out once these are available. In the meantime, members are encouraged to block out the relevant date on their schedule. For further information write to cacci@cacci.biz
“2022 Global Economic Outlook” Forum
CACCI is pleased to invite members, partners and friends to join the CNAIC 70th Anniversary Forward-thinking Forum – 2022 Global Economic Outlook and Regional Economic Integration to be held on March 15, 2022 at 14:00-16:20 hrs., Taipei Time. According to the “World Economic Outlook” released by the International Monetary Fund (IMF) in October 2021, the […]
CACCI is pleased to invite members, partners and friends to join theCNAIC 70th Anniversary Forward-thinking Forum – 2022 Global Economic Outlook and Regional Economic Integration to be held on March 15, 2022 at 14:00-16:20 hrs., Taipei Time.
According to the “World Economic Outlook” released by the International Monetary Fund (IMF) in October 2021, the global economy is projected to grow by 4.9 percent in 2022. While the global economy is seen to be on the path to recovery, many challenges remain, including the continued worldwide spread of the Omicron variant of the Covid-19 virus; the slowdown in employment growth; the rapid rise of inflation in the US and in some emerging markets and developing economies; and food security and climate change, among others. As the global supply chain is likely to remain impacted, the outlook of the economic development seems gloomy.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which entered into force on December 30, 2018, is considered a regional trade agreement which upholds the rules-based scope and high-quality standards of the world trading system. It opens to economies which comply with its high standards, and has started accepting the second batch of membership applications in 2021. The Regional Comprehensive Economic Partnership (RCEP), which took effect on January 1, 2022, is currently the largest global free trade agreement with 15 member countries comprising 30 % of the global population and almost 30% of the global GDP. The development of CPTPP and RCEP as well as the regional economic integration in the future will certainly play an important role in deciding the global deployment of businesses.
To be held in a hybrid format, this Forum – which is co-organized by CNAIC and CACCI to commemorate CNAIC’s 70th Anniversary – will feature speakers and panelists who will share their insights on the latest global economic trends and the outlook of economic integration in the region.
Participation is free of charge.
For the complete Program and to register, please click HERE.
Confirmation Message, along with the Forum link and other relevant information, will be sent to registered participants on March 11.
Winners of the 2021 CACCI Awards Announced
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has recently announced the winners of the 2021 CACCI Awards. The announcement was made during the 94th CACCI Council Meeting held virtually on November 2, 2021. The following were declared this year’s winners of the following Awards The 9th CACCI Local Chamber Awards The […]
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has recently announced the winners of the 2021 CACCI Awards. The announcement was made during the 94th CACCI Council Meeting held virtually on November 2, 2021.
The following were declared this year’s winners of the following Awards
The 9th CACCI Local Chamber Awards
The winner of the 9th CACCI Local Chamber Award,Big Chamber category, is Chittagong Chamber of Commerce & Industry (CCCI) from Bangladesh. Considered the largest and most vibrant chamber in the country, CCCI has played a vital role in designing the fiscal policy since its establishment in 1906. It works as the bridge between the private and the public sector in designing national policy for export-import, manufacturing, industrialization, infrastructure development, trade, SME sector expansion, and employment generation to eradicate poverty as well as enhance economic development of the country.
Aydin Chamber of Commerce from Turkey was the winner for the Small Chamber category. The Chamber has been conducting studies that contribute to the city’s socio-economic development as well as developing the trade of the province. The Chamber also recognizes that one of the most important elements of trade is specialized fairs, and with this awareness, 197 fairs were organized in the last 5 years by the Chamber. It has also created a resource for the city by receiving grants from the EU and other funds to realise many projects that contributed to the well-being of its members and the province as a whole.
The CACCI Local Chamber Awards seek to recognize local chambers for their achievement in providing services to its members and to the community where its members operate.
The 8th Asia Pacific Young Entrepreneur Award
CACCI presented the 8th Asia Pacific Young Entrepreneur Award toMrs. Yuna Aleksandrovna Nikishkina, General Director, OOO SputNik from Russia. Mrs. Nikishkina started her business in February 2015. Three years later in March 2018, her original micro-enterprise was transformed into OOO Sputnik, whose main activity has become the production games and toys for children, as well as for the deaf and the blind. Recently, she got an account on Alibaba and entered the international market with her unique products.
The Asia-Pacific Award aims to recognize excellent young 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 3rd Asia Pacific Woman Entrepreneur Award
The 3rd Asia Pacific Woman Entrepreneur Award was won by Ms. Munktuvshin Oyundelger, CEO, Monolab, LLC from Mongolia. Ms. Oyundelger, PhD, Doctor of Philosophy in Medical Science, utilizes her knowledge, network and professionalism to provide necessary equipment to domestic health organizations. Her company Monolab LLC has been supplying high quality, new technology medical equipment from Germany, Korea and other developed countries since 1996. It has become an official distributor of HUMAN Gesellschaft fur Biochemica&Diagnostica mbH, one of the biggest layers in the world in vitro diagnostic device market in Mongolia.
The Asia-Pacific Woman Entrepreneur Award gives recognition to successful businesswomen who are at the same time a strong advocate of corporate social responsibility.
The winners will each receive US$2,000 cash prize and a trophy.
CACCI Profile – January edition available
Taipei – The January 2022 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. This month’s issue features an update on the CACCI Planning Committee Meeting on March 10, 2022, as well as a request for members to submit their suggestions for the theme and topics of […]
Taipei – The January 2022 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
This month’s issue features an update on the CACCI Planning Committee Meeting on March 10, 2022, as well as a request for members to submit their suggestions for the theme and topics of the 36th CACCI Conference in November. It also includes details on President Samir Modi’s recent meeting with CACCI Vice Presidents. Additionally, the newsletter features the latest news from Member Chambers, along with a wide range of articles relevant to business and trade.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
Young Entrepreneur newsletter available
CACCI is pleased to make available the 21st edition of Young Entrepreneur Group Asia-Pacific, the newsletter of the Young Entrepreneur Group of Asia-Pacific (YEGAP) under the chairmanship of Mangesh Lal Shrestha from Nepal. We hope that this edition– and the future ones– will continue to serve as an effective platform for an exchange of information among […]
CACCI is pleased to make available the 21st edition of Young Entrepreneur Group Asia-Pacific, the newsletter of the Young Entrepreneur Group of Asia-Pacific (YEGAP) under the chairmanship of Mangesh Lal Shrestha from Nepal.
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
Thank you and best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI
CACCI Signs MOU with AFRADEC
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has signed a Memorandum of Understanding (MOU) with the Afro Asia-Pacific Development Council (AFRADEC) outlining principles and general guidelines for increased cooperation between the two organizations. AFRADEC is composed of companies and institutions from Africa and the Asia-Pacific regions which are engaged in international trade […]
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has signed a Memorandum of Understanding (MOU) with the Afro Asia-Pacific Development Council (AFRADEC) outlining principles and general guidelines for increased cooperation between the two organizations.
AFRADEC is composed of companies and institutions from Africa and the Asia-Pacific regions which are engaged in international trade and governance. It is a non-profit economic development platform for multi-lateral trade engagements and cultural linkages between and among businesses and institutions in the economies of Africa and the Asia-Pacific rim. Headquartered in Toronto, Canada, AFRADEC has offices and representations in some other locations in Africa, North America and the Asia-Pacific which are strategic in enabling the conduct of its operations and also to enhance greater access by its patrons to opportunities in the emerging markets of the African and Asia-Pacific economies.
President Mr. Samir Modi signed the MOU on behalf of CACCI while Founder and CEO Mr. Charles-Bruno Okpuruka was the signatory on the side of AFRADEC.
One of the provisions of the MOU was the appointment of the incumbent CACCI President and two incumbent CACCI Vice Presidents as members of the AFRADEC Board of Directors, and three members of the CACCI Advisory Board as members of the AFRADEC Advisory Council, subject to their availability.
CACCI SME Council Chair Participates in ICC Trade Now webinar
ICC held a webinar on November 30 entitled Trade Finance in Asia: Harnessing Digital Solutions to help Asian SMEs Trade Now, which will leverage the insights of expert panelists in order to assess the challenges and opportunities linked to trade finance in Asia and to start shaping a collective response that can foster both intra-Asian […]
CACCI SME Council Chair Participates in ICC Trade Now webinar
ICC held a webinar on November 30 entitled Trade Finance in Asia: Harnessing Digital Solutions to help Asian SMEs Trade Now, which will leverage the insights of expert panelists in order to assess the challenges and opportunities linked to trade finance in Asia and to start shaping a collective response that can foster both intra-Asian and inter-regional trade.
In the 2021 Trade Finance Gaps, Growth, and Jobs Survey, the Asia Development Bank estimates that the global trade finance gap has increased to $1.7 trillion during the COVID-19 pandemic in 2020 from $1.5 trillion in 2018. In this context, current trends point towards an increase in the overall value of the trade finance gap in Asia with the global share of the trade finance gap in Asia set to increase as the participation of banks in trade finance activities declines and the approval rates for SMEs steadily decrease. It is critical that the business community, international organizations, and national governments come together to effectively address the growing trade finance gap and help unleash the full potential of businesses in Asia. Ambitious action and sustained collaboration between these stakeholders can bring new tools and opportunities to SMEs, as they continue to struggle to secure much needed trade finance products and services.
ICC is looking to spearhead this effort with ICC Trade Now, a global campaign that aims to connect SMEs to innovative trade finance solutions through tailored partnerships with cutting edge solution providers. With this campaign, ICC will help scale up and leverage game-changing services that can support SMEs in Asia and globally. This webinar will provide a forum for all relevant stakeholders to assess the challenges and opportunities linked to trade finance in Asia and to start shaping a collective response that can foster both intra-Asian and inter-regional trade.
The webinar started off with introductory remarks delivered by ICC Secretary General John Denton. This was followed by a panel discussion on Addressing the trade finance gap in Asia: challenges and opportunities for SMEs, moderated by Shinta Widjaia Kamdani, ICC Regional Coordinator for Asia-Pacific, CEO of Sintesa Group and Vice Chairwoman of the Indonesian Chamber of Commerce and Industry. The speakers included:
Steven Beck, Head of Trade and Supply Chain Finance, ADB
George Abraham, Chairman, CACCI SME Development Council Chairman and Managing Director, The GA Group Pta. Ltd.
Rohit Mehrotra, Managing Director, NMK Textile Mills India Pvt Ltd
Yvonne Badam First Vice President, Head of Trade Product Management Division, RCBC
Yann Duval, chief of Trade Policy and Facilitation, UNESCAP
Afterward, the session moved on to ICC Trade Now, starting with an introduction by Charly Gordon, ICC Global Development Director, followed by partner presentations that included:
John Collis, Co-Founder, TradeFlow Capital Management
Lincoln Yin, Founder & CEO, RootAnt
Lodha Vikram, Co-founder & CEO, 360tf
CACCI Tourism newsletter available
Taipei – CACCI is pleased to inform all members that the 25th Volume of CACCI Tourism Newsletter is available for 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. […]
Taipei – CACCI is pleased to inform all members that the 25th Volume of CACCI Tourism Newsletter is available for 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 wendy.yang@cacci.org.tw
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI
CACCI Profile – December edition available
Taipei – The December 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The December 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
XVII CACCI Health & Education newsletter available
Taipei – We are pleased to inform you that the sixteenth Volume of CACCI Health & Education Newsletter has been formally issued. You can download the newsletter HERE. We hope that this publication will serve as an effective platform for an exchange of information among the sector of health and education in the CACCI region. Members are, therefore, […]
We hope that this publication will serve as an effective platform for an exchange of information among the sector of health and education in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to wendy.yang@cacci.org.tw
Australian Trade Minister Dan Tehan discusses WTO reforms with CACCI leaders
On October 26th 2021, Australian Minister of Trade, Tourism and Investment The. Hon. Dan Tehan MP, held an online discussion with leaders of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) to argue for the necessity of WTO reforms given the current headwinds that the world trade system is facing. Hosted by CACCI […]
Australian Trade Minister Dan Tehan discusses WTO reforms with CACCI leaders
On October 26th 2021, Australian Minister of Trade, Tourism and Investment The. Hon. Dan Tehan MP, held an online discussion with leaders of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) to argue for the necessity of WTO reforms given the current headwinds that the world trade system is facing.
Hosted by CACCI President Samir Modi, the discussions included the participation of Peter McMullin, CACCI Vice President; Dr. Andrew Stoeckel from the Australian National University; and Bryan Clark from Australian CCI
During his presentation, Minister Tehan touched on several key issues affecting the WTO reform process now underway. He argued that “we’re going to need a lot of momentum, a lot of leadership, and a lot of impetus if we are to get the outcomes that we want.”
Minister Tehan encouraged all the business leaders from the region and beyond to have a dialogue with their trade ministers on the recommendations put forward by the CACCI study on “Achieving a Successful Trading System” before the ministers head offto Geneva for the 12th WTO Ministerial Conference to be held on November 30 – December 3, 2021 for a discussion on WTO reforms.
Minister Tehan explained that currently there are two stages with respect to WTO reforms. First, the next two to three months will set the negotiation stage. The second stage will determine what the future of the WTO will look like.
Minister Tehan warned that a failure in WTO reforms will result in a step back towards plurilateralism where groups of countries will come together to trade among themselves.
To counter this possible outcome, Minister Tehan insisted on the need to drive an agenda of reform because the WTO is an organization which “on the whole is putting the rules in place which enable us to trade and trade effectively” he said.
Minister Tehan noted that now it is not wise to “see the baby thrown out with the bathwater.” Instead, he is looking forward to reform the existing structures.
Minister Tehan’s presentation was followed by a series of questions issued by several member chambers of CACCI.
This webinar was organized by CACCI, in cooperation with the Australian Chamber of Commerce and Industry (ACCI) as the first of a series of events to promote the CACCI study. The study aims to come up with recommendations on reforms to improve the WTO in order to revitalize world trade as a fundamental mechanism for economic growth and common prosperity.
You can view the whole discussion in the video below or at the CACCI YouTube HERE
CACCI 2021 Year-End Review
CACCI is pleased to publish the CACCI 2021 Year-End Review summarizing the Confederation’s activities over the past year. On behalf of CACCI, we would like to take this opportunity to thank members, partners and friends for the cooperation and assistance extended in undertaking CACCI’s projects and programs in 2021. Without this help, CACCI would not have […]
CACCI is pleased to publish the CACCI 2021 Year-End Review summarizing the Confederation’s activities over the past year.
On behalf of CACCI, we would like to take this opportunity to thank members, partners and friends for the cooperation and assistance extended in undertaking CACCI’s projects and programs in 2021. Without this help, CACCI would not have accomplished as much as it did amidst the continued challenges and difficulties that we all faced during the past year .
CACCI looks forward to the continued support of the CACCI and its activities, and we certainly hope to see our members, partners and friends under improved circumstances in 2022.
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry
CACCI Journal of Commerce and Industry is now available
CACCI is pleased to announce the Second Semester 2021 issue of the CACCI Journal of Commerce and Industry is available HERE. It is our ardent hope that this publication will continue to serve as an effective platform for an exchange and sharing of information and ideas among CACCI members on issues impacting on the region’s […]
CACCI Journal of Commerce and Industry is now available
CACCI is pleased to announce the Second Semester 2021 issue of the CACCI Journal of Commerce and Industry is available HERE.
It is our ardent hope that this publication will continue to serve as an effective platform for an exchange and sharing of information and ideas among CACCI members on issues impacting on the region’s commerce and industry.
We would also like to take this opportunity to invite all members to contribute articles for the next issues of the Journal. Kindly send your materials to the CACCI Secretariat through our e-mail address at cacci@cacci.biz.
CACCI Joins ICC Webinar on Trade Finance in Asia
The International Chamber of Commerce (ICC) successfully hosted a webinar entitled “ICC Trade Now Event – Trade Finance in Asia: Harnessing Digital Solutions to Empower Asian SMEs to Trade Now” on November 30, 2031. Organized with the support of the Confederation of Asia-Pacific Chambers of Commerce & Industry (CACCI), the two-hour online session aimed to […]
The International Chamber of Commerce (ICC) successfully hosted a webinar entitled “ICC Trade Now Event – Trade Finance in Asia: Harnessing Digital Solutions to Empower Asian SMEs to Trade Now” on November 30, 2031.
Organized with the support of the Confederation of Asia-Pacific Chambers of Commerce & Industry (CACCI), the two-hour online session aimed to provide a forum for all relevant stakeholders to assess the challenges and opportunities linked to trade finance in Asia and to start shaping a collective response that can foster both intra-Asian and inter-regional trade. It was put together by the ICC in the context of ICC Trade Now, ICC’s dedicated global campaign to connect micro, small and medium-sized enterprises to innovative trade finance solutions.
CACCI nominated two speakers for the panel discussion on “Addressing the trade finance gap in Asia: challenges and opportunities for SMEs,” namely, Mr. George Abraham, Chairman of the CACCI SME Development Council from Singapore, and Ms. Yvonne Bada, Trade Product Management, Global Transaction Banking Group, Rizal Commercial Banking Corp. from the Philippines, member of the Asian Bankers Association, one of the Product and Service Councils of CACCI. Mr. Abraham and Ms. Bada shared their perspectives and experiences on the webinar topic.
The other speakers on this topic included Mr. Steven Beck, Head of Trade and Supply Chain Finance, Asian Development Bank; Mr. Rohit Mehrotra, Managing Director, NMK Textile Mills India Pvt. Ltd.; and Mr. Yan Duval, Chief of Policy Trade and Facilitation, UNESCAP.
36th CACCI Conference to be held on November 28-20, 2022 in Melbourne
CACCI is pleased to inform members that the 36th CACCI Conference will be held in Melbourne, Australia on 28-30 November 2022, thanks to the arrangements made by CACCI Vice President Mr. Peter McMullin. CACCI will send out relevant information (e.g., exact dates, Conference venue, etc.) as soon as these are available. In the meantime, members […]
36th CACCI Conference to be held on November 28-20, 2022 in Melbourne
CACCI is pleased to inform members that the 36th CACCI Conference will be held in Melbourne, Australia on 28-30 November 2022, thanks to the arrangements made by CACCI Vice President Mr. Peter McMullin.
CACCI will send out relevant information (e.g., exact dates, Conference venue, etc.) as soon as these are available. In the meantime, members are requested to already mark the 2022 calendar of events for the annual gathering next year.
Melbourne is the capital of the Australian state of Victoria, which is located in the southeastern part of Australia. Sitting on the banks of the Yarra River and around the shores of Port Phillip Bay, the city has a population of over 5 million.
Melbourne and the State of Victoria host some of Australia’s most prestigious events throughout the year, such as the Spring Racing Carnival culminating in the Melbourne Cup in November, the Australian Open Tennis in January, and the Melbourne Food & Wine Festival, among others.
Here is the video about Melbourne, to give members an idea on what the city has to offer and what awaits ahead during CACCI’s annual Conference next year.
CACCI Profile – November edition available
Taipei – The November 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The November 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Director-General hosts lunch for Philippine trade representative in Taiwan
CACCI Director-General and CTBC International Affairs Department Assistant Vice President Mr. Ernest Lin center) on November 23 hosted lunch for Mr. Anthony V. Rivera, newly appointed Director for Commercial Affairs, Philippine Trade and Investment Center Taipei (PTIC Taipei) (4th from left). Also attending the lunch were other officers and staff of the PTIC Taipei, the […]
CACCI Director-General hosts lunch for Philippine trade representative in Taiwan
CACCI Director-General and CTBC International Affairs Department Assistant Vice President Mr. Ernest Lin center) on November 23 hosted lunch for Mr. Anthony V. Rivera, newly appointed Director for Commercial Affairs, Philippine Trade and Investment Center Taipei (PTIC Taipei) (4th from left).
Also attending the lunch were other officers and staff of the PTIC Taipei, the CACCI Secretariat, and CTBC Financial Holding Co. Ltd.
CACCI Director-General hosts lunch for Indonesia trade representatives in Taiwan
A lunch was hosted on November 16, 2021 by CACCI Director-General and CTBC International Affairs Department Assistant Vice President Mr. Ernest Lin (left, left photo) for Indonesian Trade Representatives in Taiwan led by Director of Trade Department Mr, Sulistyono of the Indonesian Economic and Trade Office to Taipei (right, left photo). They were joined by […]
CACCI Director-General hosts lunch for Indonesia trade representatives in Taiwan
A lunch was hosted on November 16, 2021 by CACCI Director-General and CTBC International Affairs Department Assistant Vice President Mr. Ernest Lin (left, left photo) for Indonesian Trade Representatives in Taiwan led by Director of Trade Department Mr, Sulistyono of the Indonesian Economic and Trade Office to Taipei (right, left photo).
They were joined by Director of Investment Department Mr. Ali Fauzi (5th from left, right photo) and Director of Indonesian Citizens Protection and Social Cultural department Mr. Fajar Nuradi (3rd from left, below photo) and other officers of CACCI, CIECA and CTBC Commercial Bank.
“We need to reform and revitalize the dispute settlement function” WTO Deputy Director General Angela Ellard
During the 35th CACCI Conference themed “Sustainable and Resilient Growth Through a Robust World Trade” on November 2, 2021, Ms. Angela Paolini Ellard, Deputy Director General of the World Trade Organization, made a presentation on “Making the WTO More Adaptable to the Economic and Trade Realities of Today.” In her presentation, Ms. Ellard made notable […]
“We need to reform and revitalize the dispute settlement function” WTO Deputy Director General Angela Ellard
During the 35th CACCI Conference themed “Sustainable and Resilient Growth Through a Robust World Trade” on November 2, 2021, Ms. Angela Paolini Ellard, Deputy Director General of the World Trade Organization, made a presentation on “Making the WTO More Adaptable to the Economic and Trade Realities of Today.”
In her presentation, Ms. Ellard made notable remarks that merit attention from CACCI members as our organization is engaged now in a drive to reform WTO. Ms. Ellard also answered some questions from the audience while Peter McMullin, CACCI Vice President, acted as the conference’s moderator.
Ms. Ellard’s remarks and the video recording of her speech are presented below. Her complete speech can be downloaded HERE.
Good afternoon from Geneva,
It is a great pleasure to speak to the Confederation and its members today — thank you for the invitation.
First of all, I would like to congratulate the Confederation on its 35th Annual Conference and its leadership over the past 55 years. You have made an important contribution into increasing business interaction and enhancing economic growth in the Asia-Pacific Region. Thank you also for the Policy Statement and the accompanying Report that you have transmitted to my colleague, Deputy Director-General Gonzalez.
I met with the Confederation and its members in my previous role on Capitol Hill in the U.S., and I look forward to continuing collaboration in my new capacity at the WTO.
Today, I am going to speak about how the WTO can help address the consequences of the COVID-19 pandemic, as well as how to address some of the challenges that the Organization faces today.
Let me start with the COVID-19 pandemic, which brought the global economy to a standstill for a significant period. When the pandemic struck, production and consumption across the world scaled back, and international trade appeared to be on its way to a persistent decline. However, in the summer of 2020, global merchandise trade began to recover, and by the end of the year, it was strongly rebounding in many countries and sectors, but not all.
In the first half of 2021, global trade continued to grow, as value chains recovered and demand in advanced economies increased. According to the latest WTO forecast, the volume of global merchandise trade is predicted to grow by 10.8 percent in 2021, followed by a 4.7 percent rise in 2022.
WTO rules have slowed, and even prevented, countries from taking very damaging measures. And our Trade Facilitation Agreement, although not designed with the pandemic in mind, has played an outsized role in worldwide recovery. Countries that have embraced and rapidly implemented trade facilitating measures and infrastructure have generally proven more resilient, more adaptable, and better equipped to keep trade flowing despite COVID-19-related lockdowns, travel restrictions, and social distancing.
However, many developing countries are not experiencing the same economic growth pattern, and this trend is deeply concerning because the economic recovery rate is predicted to be faster for countries with higher vaccination rates. For many developing countries where vaccination rates are low – on average 3 percent – the path to recovery will be long and uncertain unless urgent measures are taken.
So, first and foremost, we need to make sure that people in developing countries have broad and unfettered access to vaccines, therapeutics, and other essential products and technologies needed to combat the pandemic. This is not just a moral imperative, but also a strategic and economic one. And, as you note in your Policy Statement, “[f]ree trade is the only solution” to this problem.
In fact, contributing to the global effort to combat the pandemic, in particular ensuring equitable access to vaccines, has been one of the top priorities of the WTO administration and membership. Our work has been focused on two dimensions: supply chains and intellectual property waiver negotiations. As regards supply chains, we all know that producing vaccines is an extremely complicated process, involving facilities in many different countries. And this implies a lot of cross-border shipments of vaccine ingredients. Think about vaccines as a puzzle that comes together only when you have all the right pieces, but those pieces are strewn all over the world.
Trade enables the cross-border transfer of technology and development of supply chains for COVID-19 vaccine manufacturing. Trade helps manufacturers of vaccines and other products necessary to combat the pandemic to source highly specialized inputs that are not produced at home.
The WTO has played an important role in keeping the supply chains open and scaling up vaccine production. In this regard, I would like to highlight our work in preparing a list of trade-related bottlenecks and trade-facilitating measures on critical products to combat COVID-19. The WTO has also prepared an indicative list of critical COVID-19 vaccine inputs and a report on COVID-19 vaccines production and tariffs on vaccine inputs. This work is intended to help policymakers see the blockages and opportunities.
All of this may sound simple and straightforward, but it is not. Governments need know what exactly goes into a vaccine, and what are the products necessary to distribute and administer it, to make the necessary policy decisions to remove tariff and regulatory restrictions on imports of such goods. And while the average tariff on vaccines is merely 0.76 percent, average tariffs on vaccine ingredients, such as preservatives and adjuvants, are anywhere from 3 to 16 times higher.
Pandemic response, insofar as it concerns export restrictions, trade facilitation, and regulatory coherence, is on the agenda of our 12th Ministerial Conference, which is less than a month away. And we are also striving to develop a framework for addressing future pandemics. Ambassador Walker of New Zealand is working with Members to forge a ministerial outcome in this area.
The second stream of our pandemic-related work negotiations is focused on the proposal by India and South Africa to waive obligations under the WTO TRIPs agreement with respect to intellectual property. While those discussions are not as far along, it is essential to see a balanced and effective outcome.
Our experience with the pandemic has once again confirmed that trade has been and remains a powerful engine for economic growth. But we can’t take the ability to trade for granted. Exporting to foreign markets requires effort, and business needs to have confidence that the operational framework of trade is predictable, transparent, and relatively consistent. This is where the WTO, as the guardian of multilateral trade rules, comes into play.
But there is no way around the fact that the last few years have been difficult for the WTO and for trade’s reputation in general. The key element permeating discussions in the WTO these days is that we all acknowledge that the Organization needs reform. This was the Director-General’s message when she ran for the office, and we hear it from countless WTO Members, academics, and business representatives.
So, how can we make the WTO stronger? In my view, the best way to repair the Organization is to achieve results in key areas of our work. The upcoming 12th Ministerial Conference is an important milestone that offers a great opportunity for us to achieve concrete outcomes.
In addition to the pandemic work that I have just described, our top priority is to conclude the fisheries negotiations, which have been ongoing for 20 years. In those two decades, we have witnessed a sharp and alarming decrease in global fish stocks, which particularly threatens vulnerable artisanal fishers and damages ocean ecosystems.
Delegations are showing increasing engagement, and many are now signaling new flexibilities. We need to capitalize on all elements of convergence that are emerging as time is short. At this stage, we need political decisions to get to a balanced and robust outcome. This is important for the livelihood of millions of fisherwomen and men from coastal communities, and for the oceans and the fish. And it’s important to the credibility of the WTO as well, so even if you are not focused on this negotiation, you should care very much about the outcome.
The COVID-19 pandemic has brought about unprecedented growth in the digital and e-commerce sectors, which proved to be a lifeline for many businesses. It is estimated that the share of e-commerce in retail sales has risen from 16 percent in 2019 to 19 percent in 2020.
The WTO can create a harmonized policy-based framework for e-commerce to develop in an inclusive manner. At the same time, while acknowledging these benefits, many Members have also raised concerns regarding their ability to harness that potential given the digital divide. Some prevailing challenges in infrastructure, finance, resources, and governance still hinder broader e-commerce uptake. These concerns need to be addressed if e-commerce is to continue to play a supporting role in the global economic recovery.
WTO Members have deepened their engagement on e-commerce issues — both under the multilaterally-agreed Work Programme on e-commerce as well as under the Joint Statement Initiative plurilateral discussions among 86 Members co-convened by three Asia-Pacific countries.
Sixty-five of our Members have completed negotiations for a Joint Statement Initiative on domestic regulation, aimed at ensuring that existing market access and national treatment commitments are not nullified by opaque and complex authorization procedures. The draft text contains a novel provision on non-discrimination between men and women in the context of authorization procedures for service suppliers. This will be the first provision of its kind in a WTO negotiated outcome.
As we know, there are many MSMEs in the services sector, and they will be the major beneficiaries of the new rules on domestic regulation and e-commerce. Another area where we see progress is environment and climate change. Of course, the WTO is not the place to establish global climate policy and how goals will be reached. But the WTO plays an important role because its rules govern measures and instruments that are relevant for implementing climate policies, such as tariffs, subsidies, and even regulation.
To transition to a low-carbon economy, countries need affordable access to advanced technologies. And open trade plays a critical role in providing such access. For example, the WTO can bring down tariffs on goods needed to get to net zero, such as solar panels and wind turbines, through an Environmental Goods Agreement.
The international community is now converging on the urgent challenges of climate and sustainability. Therefore, at MC12, we need a clear political signal from trade ministers that they recognize the importance of addressing these challenges, in particular through trade.
In addition, we need to update our rules on agriculture, an important and challenging issue for many Members. While negotiations are proving difficult, many Members believe that MC12 must have an outcome on agriculture. Members have been working on draft ministerial text circulated by the Chair of the negotiations. But gaps persist on the key issues of domestic support and public stockholding, which will set the level of ambition for the overall agriculture outcome. But if they are out of reach, we should still aim for outcomes on food security and transparency; and set a clear path for addressing other issues such as the special safeguard mechanism, cotton, export competition, and market access. Finally, both old and new rules are toothless if there is no effective and efficient
way to enforce them. We need to reform and revitalize the dispute settlement function to make sure that Members can seek redress and that there are effective remedies to violations of WTO rules.
The importance of a successful MC12 can hardly be overstated. It’s necessary to show that the WTO is back on track, fit for addressing the challenges of the 21st century, and can deliver for Members and people relying on trade to drive a strong economic recovery. To get there, we need a strong commitment and political will from all WTO Members, and the business community, to get tangible results.
At the same time, we have to be realistic because some issues may be more difficult and won’t conclude at MC12. For such issues, MC12 may focus on working toward a future outcome, with work programs to be developed in some areas.
It is also important to work to restore trust between Members, which has been shaken over the years. This is particularly visible in the relationships between developed and developing country Members of the WTO. Some developing countries feel that they are precluded from taking full advantage from the benefits and flexibilities provided to them as developing countries. By contrast, some developed countries have expressed concerns that certain countries with a high level of development unfairly benefit from being self-designated as developing.
MC12 is a good opportunity for Members listen to each other and increase the level of trust, through specific outcomes and by setting the table for next year. I’d like to conclude with a plea. If you value the WTO, then it is important to make the case that it is relevant and that it is worth improving and modernizing. We can’t take for granted that everyone believes in the value of trade and establishing a rules-based system governing trade.
We very much appreciate your views on what reforms are needed, as expressed in your Policy Statement. The Confederation and its members are well-placed to make outreach directly with decision-makers in the region, as well as with the public at large. We have to demonstrate where the WTO has been successful, be honest about where it has not, and be ambitious as to how we can make it better. Businesses must be a voice for good, on matters that are in their immediate interest, as well as broader issues like climate change, fisheries, and access to vaccines.
We count on you.
Many thanks for your attention. I look forward to your questions and comments, and I look forward to working with you in the years to come. 2177 words (18+ minutes)
35th CACCI Conference’s video recording and presentations’ files are ready
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) would like to once again thank all its members and friends for registering in the recently concluded 35th CACCI Conference held virtually on November 2, 2021. We hope that your participation provided you not only to learn from the various speakers’ presentations on issues surrounding the […]
35th CACCI Conference’s video recording and presentations’ files are ready
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) would like to once again thank all its members and friends for registering in the recently concluded 35th CACCI Conference held virtually on November 2, 2021.
We hope that your participation provided you not only to learn from the various speakers’ presentations on issues surrounding the Conference theme of “Sustainable and Resilient Growth Through a Robust World Trade”, but also to know more about CACCI and its activities.
We are pleased to provide hereunder the links to the video recording of the whole proceedings as well as to the speakers’ presentations, should you wish to go through them again at your convenience.
(1) 35th CACCI Conference’s video presentation, click HERE.
If you have further questions, please do let us know.
Once again, thank you and we look forward to your continued support of CACCI.
Sincerely yours,
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry E-mail: cacci@cacci.biz URL: www.cacci.biz Tel: (886 2) 2760 1139
Term of the incumbent CACCI Officers extended for one year
During the 93rd CACCI Council Meeting held virtually on October 26, 2021, it was decided that the term of the incumbent CACCI officers be extended for one more year until the 36th CACCI Conference, which is scheduled to take place in 2022. The one-year extension was agreed upon by the Council after taking into account […]
Term of the incumbent CACCI Officers extended for one year
During the 93rd CACCI Council Meeting held virtually on October 26, 2021, it was decided that the term of the incumbent CACCI officers be extended for one more year until the 36th CACCI Conference, which is scheduled to take place in 2022.
The one-year extension was agreed upon by the Council after taking into account of the fact that the COVID situation has not yet significantly improved.
Hence, the following incumbent officers will continue to serve in their respective positions for an additional year:
President – Samir Modi (India)
Vice Presidents
– Peter McMullin (Australia)
– Sheikh F Fahim (Bangladesh)
– Pedram Soltani (Iran)
– Ernest Yuen (Hong Kong) – replacing Wyler Wong
– Hiroshi Oshima (Japan) – replacing Teruo Asada
– Duuren Tumenjargal Nomun (Mongolia)
– Pradeep Kumar Shrestha (Nepal)
– Henry C. S. Kao (Taiwan)
– Rifat Hisarciklioglu (Turkey)
Honorary Treasurer
– Leslie Wong (Hong Kong) – replacing Ernest Yuen
Budget Commission
– Steve Hsieh (Taiwan) – Chairman
– Obaidur Rahman (Bangladesh)
– Sheikh Sultan Rehman (Pakistan) – replacing Mohammad Iqbal Tabish
CACCI will be relying on the incumbent officers for the successful implementation of CACCI programs and projects over the next year.
WTO Deputy Director-General Ms. Anabel Gonzalez delivered her remarks on the issue of WTO reforms
WTO Deputy Director-General Ms. Anabel Gonzalez delivered her remarks on the issue of WTO reforms during the launching of the CACCI study on “Achieving a Successful World Trading System” held on October 29, 2021. Ms. Gonzalez said that she welcomes CACCI’s strong call for a successful global trading system, noting that the voice of the […]
WTO Deputy Director-General Ms. Anabel Gonzalez delivered her remarks on the issue of WTO reforms
WTO Deputy Director-General Ms. Anabel Gonzalez delivered her remarks on the issue of WTO reforms during the launching of the CACCI study on “Achieving a Successful World Trading System” held on October 29, 2021.
Ms. Gonzalez said that she welcomes CACCI’s strong call for a successful global trading system, noting that the voice of the business community could not be more important in the trade debate.
In her remarks, Ms. Gonzalez talked about the value of the WTO, especially during a crisis; and the need for the WTO to evolve and improve.
As part of a global system characterized by a rules-based economic cooperation, the WTO in times of crisis has pulled quietly in the background to keep trade protection in check, the markets broadly open, and the governments from engaging in a mutually destructive behavior. Without the WTO, the world would be more fragmented, more uncertain, and more vulnerable to shocks. That would reduce the potential of trade to grow businesses and make them thrive, to pull hundreds of millions of people out of poverty as trade has done over the decades, and to address the twin health and economic crises that the world faces.
On the need for the WTO to evolve and improve, Ms. Gonzalez cited three big transitions that are reshaping global trade in the 21st century: (a) the transition to digital and services economy; (b) the transition to a low carbon and sustainable economy; and (c) the transition to a more inclusive economy. She stressed that the WTO must respond to all three transitions to ensure that it can continue to carry out its core mission to use trade to raise living standards, create jobs, and foster sustainable development. She pointed out that WTO’s response to the digital, low carbon, and inclusiveness transitions calls not just for the negotiation of new global routes, but also for the reform of the WTO’s capacity to implement existing agreement and settle disputes.
A panel discussion followed DDG Gonzales’ remarks. The panel was moderated by Immediate Past President of FBCCI Sheikh Fazle Fahim and featured four experts:
Professor Syed Ferhat Anwar, Senior Professor, Institute of Business Administration, University of Dhaka
Martin Wolf, Chief Economic Commentator, Financial Times London
Professor Sait Akman, Associate Professor and Director of G20 Studies Center, TEPAV
Aaditya Mattoo, Chief Economist, East Asia Pacific Region, World Bank
In his concluding remarks, CACCI Vice President Mr. Peter McMullin pointed out that, as many of the speaker have alluded to, the world is in transition in so many ways — facing digital transition, looking at a lower carbon economy as well as an inclusive economy — and CACCI is engaged in all these issues. The decision to commission this particular study was an important one for CACCI and it proposed to promote the issues raised not only with member chambers and the nations that CACCI is really involved with, but more broadly across the globe. Mr. McMullin said that the launching webinar was an early step and invited participants to be part of the journey.
CACCI holds launching webinar for study on “Achieving a Successful World Trading System”
CACCI – in partnership with the Australian Chamber of Commerce and Industry – held a webinar on the launching of the CACCI study on “Achieving a Successful World Trading System” on October 29, 2021 at 3:00 PM, Taipei Time. With the WTO system now described as being in “crisis,” CACCI has investigated to fix the […]
CACCI holds launching webinar for study on “Achieving a Successful World Trading System”
CACCI – in partnership with the Australian Chamber of Commerce and Industry – held a webinar on the launching of the CACCI study on “Achieving a Successful World Trading System” on October 29, 2021 at 3:00 PM, Taipei Time.
With the WTO system now described as being in “crisis,” CACCI has investigated to fix the problems within the WTO and commissioned Honorary Professor Andrew Stoeckel from the Australian National University to undertake this work.
Dr. Stoeckel identified the problems with the current trade system, namely: (a) decline of multilateralism, rising protection and the failure of the Doha negotiation; (b) three functions of WTO are not working, namely negotiating, monitoring trade policies and dispute settlement; (c) calls for ‘root-and-branch” reform; (d) rot in the system started long ago; and (e) lack of appreciation of causes – hence some solutions not advanced by reform initiatives by G20.
Dr. Stoeckel further elaborated on what has caused the trade system problems, which he said included the following: (a) the rules themselves – too many inconsistencies, contradictions, ambiguities and exemptions, as well as the issue of reciprocity; (b) mission creep – the agenda is too big while the trade rules used to remedy problems they cannot fix, and multilateralism is the strongest when the world is united around a simple clear goal; (c) “new” issues to deal with as things change – digital economy, e-commerce, internet standards and capital flows as driver of trade; and (d) declining hegemony by US and rise of China – the trade war.
As the apex regional business organization representing 150 million SMEs across 25 countries, Dr. Stoeckel said that CACCI is advancing the following 15 remedies to fix these problems:
Adopt a common simple purpose for the WTO system;
Adopt and apply a set of principles to achieve objective;
Establish a domestic transparency institution in each domestic capital to assess national self-interest from trade policies;
Stop mission creep;
Multilateralise all preferential trade agreements;
Only permit subsidies that address market failures and externalities;
Assess anti-dumping on both a cost and benefit basis;
Reassess differential treatment for developing countries;
Assess best arrangement for digital economy rules;
Reassess intellectual property;
Redesign the dispute settlement system;
Allow plurilateral agreements only if they are open to all at a later stage;
Do not use climate change for protection purposes;
Adequately reflect the views and priorities of businesses and SMEs in trade agendas and the WTO;
Address shortcomings in the operation of WTO.
CACCI on WTO Reforms’ video and presentations
CACCI would like to once again thank all its members and friends for participating and supporting the Webinar on the Launching of the CACCI Study on “Achieving a Successful World Trading System” held on October 29, 2021. It is our hope that your attendance in this important event provided you the opportunity to learn from […]
CACCI would like to once again thank all its members and friends for participating and supporting the Webinar on the Launching of the CACCI Study on “Achieving a Successful World Trading System” held on October 29, 2021.
It is our hope that your attendance in this important event provided you the opportunity to learn from the productive exchange of views among the invited speakers and panelists on the current situation in the world trading system, the reforms needed to support world trade in a post-COVID growth phase that will be needed by all, and particularly on the four core problems in the current trading system that the CACCI study has identified, and the fifteen recommendations it has outlined aimed at making a material difference in the performance of the world trading system.
We provide you hereunder the link to the video recording of the whole proceedings and three of the Presentations in PDF format:
(1) CACCI Study on “Achieving a Successful World Trading System” video recording, click HERE.
ICC session on CACCI Study on Achieving a Successful World Trading System
CACCI Study on “Achieving a Successful World Trading System” discussed at the ICC ITPW 2021 – This year’s ICC International Trade and Prosperity Week (ICC ITPW 2021), which was organized virtually by the ICC United Kingdom on October 18-22, 2021, included a session on the CACCI study on “Achieving a Successful World Trading System”. Held […]
ICC session on CACCI Study on Achieving a Successful World Trading System
CACCI Study on “Achieving a Successful World Trading System” discussed at the ICC ITPW 2021 – This year’s ICC International Trade and Prosperity Week (ICC ITPW 2021), which was organized virtually by the ICC United Kingdom on October 18-22, 2021, included a session on the CACCI study on “Achieving a Successful World Trading System”.
Held on October 22 at 09:00 AM, London time, the special session was conducted in a fireside chat format and featured CACCI President Mr. Samir Modi; Dr. Andrew Stoeckel from the Australian National University who was commissioned by CACCI to undertake the study; and Ms. Sara Gillespie from ICC Australia.
“Making the WTO More Adaptable to the Economic and Trade Realities of Today” WTO Deputy Director-General Angela Paolini Ellard
Full Remarks of WTO Deputy Director-General Angela Paolini Ellard at the 35th CACCI Conference Good afternoon from Geneva, It is a great pleasure to speak to the Confederation and its members today — thank you for the invitation. First of all, I would like to congratulate the Confederation on its 35th Annual Conference and […]
“Making the WTO More Adaptable to the Economic and Trade Realities of Today” WTO Deputy Director-General Angela Paolini Ellard
Full Remarks of WTO Deputy Director-General Angela Paolini Ellard at the 35th CACCI Conference
Good afternoon from Geneva,
It is a great pleasure to speak to the Confederation and its members today — thank you for the invitation.
First of all, I would like to congratulate the Confederation on its 35th Annual Conference and its leadership over the past 55 years. You have made an important contribution into increasing business interaction and enhancing economic growth in the Asia-Pacific Region. Thank you also for the Policy Statement and the accompanying Report that you have transmitted to my colleague, Deputy Director-General Gonzalez.
I met with the Confederation and its members in my previous role on Capitol Hill in the U.S., and I look forward to continuing collaboration in my new capacity at the WTO.
Today, I am going to speak about how the WTO can help address the consequences of the COVID-19 pandemic, as well as how to address some of the challenges that the Organization faces today.
Let me start with the COVID-19 pandemic, which brought the global economy to a standstill for a significant period. When the pandemic struck, production and consumption across the world scaled back, and international trade appeared to be on its way to a persistent decline. However, in the summer of 2020, global merchandise trade began to recover, and by the end of the year, it was strongly rebounding in many countries and sectors, but not all.
In the first half of 2021, global trade continued to grow, as value chains recovered and demand in advanced economies increased. According to the latest WTO forecast, the volume of global merchandise trade is predicted to grow by 10.8 percent in 2021, followed by a 4.7 percent rise in 2022.
WTO rules have slowed, and even prevented, countries from taking very damaging measures. And our Trade Facilitation Agreement, although not designed with the pandemic in mind, has played an outsized role in worldwide
recovery. Countries that have embraced and rapidly implemented trade facilitating measures and infrastructure have generally proven more resilient, more adaptable, and better equipped to keep trade flowing despite COVID-19-related lockdowns, travel restrictions, and social distancing.
However, many developing countries are not experiencing the same economic growth pattern, and this trend is deeply concerning because the economic recovery rate is predicted to be faster for countries with higher vaccination rates. For many developing countries where vaccination rates are low – on average 3 percent – the path to recovery will be long and uncertain unless urgent measures are taken.
So, first and foremost, we need to make sure that people in developing countries have broad and unfettered access to vaccines, therapeutics, and other essential products and technologies needed to combat the pandemic. This is not just a moral imperative, but also a strategic and economic one. And, as you note in your Policy Statement, “free trade is the only solution” to this problem.
In fact, contributing to the global effort to combat the pandemic, in particular ensuring equitable access to vaccines, has been one of the top priorities of the WTO administration and membership. Our work has been focused on two dimensions: supply chains and intellectual property waiver negotiations.
As regards supply chains, we all know that producing vaccines is an extremely complicated process, involving facilities in many different countries. And this implies a lot of cross-border shipments of vaccine ingredients. Think about vaccines as a puzzle that comes together only when you have all the right pieces, but those pieces are strewn all over the world.
Trade enables the cross-border transfer of technology and development of supply chains for COVID-19 vaccine manufacturing. Trade helps manufacturers of vaccines and other products necessary to combat the pandemic to source highly specialized inputs that are not produced at home.
The WTO has played an important role in keeping the supply chains open and scaling up vaccine production. In this regard, I would like to highlight our work in preparing a list of trade-related bottlenecks and trade-facilitating measures on critical products to combat COVID-19. The WTO has also prepared an indicative list of critical COVID-19 vaccine inputs and a report on COVID-19 vaccines production and tariffs on vaccine inputs. This work is intended to help policymakers see the blockages and opportunities.
All of this may sound simple and straightforward, but it is not. Governments need know what exactly goes into a vaccine, and what are the products necessary to distribute and administer it, to make the necessary policy decisions to remove tariff and regulatory restrictions on imports of such goods. And while the average tariff on vaccines is merely 0.76 percent, average tariffs on vaccine ingredients, such as preservatives and adjuvants, are anywhere from 3 to 16 times higher.
Pandemic response, insofar as it concerns export restrictions, trade facilitation, and regulatory coherence, is on the agenda of our 12th Ministerial Conference, which is less than a month away. And we are also striving to develop a framework for addressing future pandemics. Ambassador Walker of New Zealand is working with Members to forge a ministerial outcome in this area.
The second stream of our pandemic-related work negotiations is focused on the proposal by India and South Africa to waive obligations under the WTO TRIPs agreement with respect to intellectual property. While those discussions are not as far along, it is essential to see a balanced and effective outcome.
Our experience with the pandemic has once again confirmed that trade has been and remains a powerful engine for economic growth. But we can’t take the ability to trade for granted. Exporting to foreign markets requires effort, and business needs to have confidence that the operational framework of trade is predictable, transparent, and relatively consistent. This is where the WTO, as the guardian of multilateral trade rules, comes into play.
But there is no way around the fact that the last few years have been difficult for the WTO and for trade’s reputation in general. The key element permeating discussions in the WTO these days is that we all acknowledge that the Organization needs reform. This was the Director-General’s message when she ran for the office, and we hear it from countless WTO Members, academics, and business representatives.
So, how can we make the WTO stronger? In my view, the best way to repair the Organization is to achieve results in key areas of our work. The upcoming 12th Ministerial Conference is an important milestone that offers a great opportunity for us to achieve concrete outcomes.
In addition to the pandemic work that I have just described, our top priority is to conclude the fisheries negotiations, which have been ongoing for 20 years. In those two decades, we have witnessed a sharp and alarming decrease in global fish stocks, which particularly threatens vulnerable artisanal fishers and damages ocean ecosystems.
Delegations are showing increasing engagement, and many are now signaling new flexibilities. We need to capitalize on all elements of convergence that are emerging as time is short. At this stage, we need political decisions to get to a balanced and robust outcome. This is important for the livelihood of millions of fisherwomen and men from coastal communities, and for the oceans and the fish. And it’s important to the credibility of the WTO as well, so even if you are not focused on this negotiation, you should care very much about the outcome.
The COVID-19 pandemic has brought about unprecedented growth in the digital and e-commerce sectors, which proved to be a lifeline for many businesses. It is estimated that the share of e-commerce in retail sales has risen from 16 percent in 2019 to 19 percent in 2020.
The WTO can create a harmonized policy-based framework for e-commerce to develop in an inclusive manner. At the same time, while acknowledging these benefits, many Members have also raised concerns regarding their ability to harness that potential given the digital divide. Some prevailing challenges in infrastructure, finance, resources, and governance still hinder broader e-commerce uptake. These concerns need to be addressed if e-commerce is to continue to play a supporting role in the global economic recovery. WTO Members have deepened their engagement on e-commerce issues — both under the multilaterally-agreed Work Programme on e-commerce as well as under the Joint Statement Initiative plurilateral discussions among 86 Members co-convened by three Asia-Pacific countries.
Sixty-five of our Members have completed negotiations for a Joint Statement Initiative on domestic regulation, aimed at ensuring that existing market access and national treatment commitments are not nullified by opaque and complex authorization procedures. The draft text contains a novel provision on non-discrimination between men and women in the context of authorization procedures for service suppliers. This will be the first provision of its kind in a WTO negotiated outcome.
As we know, there are many MSMEs in the services sector, and they will be the major beneficiaries of the new rules on domestic regulation and e-commerce. Another area where we see progress is environment and climate change. Of course, the WTO is not the place to establish global climate policy and how goals will be reached. But the WTO plays an important role because its rules govern measures and instruments that are relevant for implementing climate policies, such as tariffs, subsidies, and even regulation.
To transition to a low-carbon economy, countries need affordable access to advanced technologies. And open trade plays a critical role in providing such access. For example, the WTO can bring down tariffs on goods needed to get to net zero, such as solar panels and wind turbines, through an Environmental Goods Agreement.
The international community is now converging on the urgent challenges of climate and sustainability. Therefore, at MC12, we need a clear political signal from trade ministers that they recognize the importance of addressing these challenges, in particular through trade.
In addition, we need to update our rules on agriculture, an important and challenging issue for many Members. While negotiations are proving difficult, many Members believe that MC12 must have an outcome on agriculture. Members have been working on draft ministerial text circulated by the Chair of the negotiations. But gaps persist on the key issues of domestic support and public stockholding, which will set the level of ambition for the overall agriculture outcome. But if they are out of reach, we should still aim for outcomes on food security and transparency, and set a clear path for addressing other issues such as the special safeguard mechanism, cotton, export competition, and market access.
Finally, both old and new rules are toothless if there is no effective and efficient way to enforce them. We need to reform and revitalize the dispute settlement function to make sure that Members can seek redress and that there are effective remedies to violations of WTO rules.
The importance of a successful MC12 can hardly be overstated. It’s necessary to show that the WTO is back on track, fit for addressing the challenges of the 21st century, and can deliver for Members and people relying on trade to drive a strong economic recovery. To get there, we need a strong commitment and political will from all WTO Members, and the business community, to get tangible results.
At the same time, we have to be realistic because some issues may be more difficult and won’t conclude at MC12. For such issues, MC12 may focus on working toward a future outcome, with work programs to be developed in some areas.
It is also important to work to restore trust between Members, which has been shaken over the years. This is particularly visible in the relationships between developed and developing country Members of the WTO. Some developing countries feel that they are precluded from taking full advantage from the benefits and flexibilities provided to them as developing countries. By contrast, some developed countries have expressed concerns that certain countries with a high level of development unfairly benefit from being self-designated as developing.
MC12 is a good opportunity for Members listen to each other and increase the level of trust, through specific outcomes and by setting the table for next year.
I’d like to conclude with a plea. If you value the WTO, then it is important to make the case that it is relevant and that it is worth improving and modernizing. We can’t take for granted that everyone believes in the value of trade and establishing a rules-based system governing trade.
We very much appreciate your views on what reforms are needed, as expressed in your Policy Statement. The Confederation and its members are well-placed to make outreach directly with decision-makers in the region, as well as with the public at large. We have to demonstrate where the WTO has been successful, be honest about where it has not, and be ambitious as to how we can make it better. Businesses must be a voice for good, on matters that are in their immediate interest, as well as broader issues like climate change, fisheries, and access to vaccines.
We count on you.
Many thanks for your attention. I look forward to your questions and comments, and I look forward to working with you in the years to come.
Asia – Pacific businesses call for WTO reform
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), a network of national chambers from 25 economies across Asia and the Western Pacific, launched an evidence-based plan for reforming the World Trade Organisation (WTO) as well as the relationships with the major global intergovernmental institutions, at a global virtual event on October 29 to stimulate discussion in […]
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), a network of national chambers from 25 economies across Asia and the Western Pacific, launched an evidence-based plan for reforming the World Trade Organisation (WTO) as well as the relationships with the major global intergovernmental institutions, at a global virtual event on October 29 to stimulate discussion in the lead up the next WTO Ministerial Council. (The Launching event can be viewed below or click HERE.)
The foremost network of business groups from the Asia Pacific has launched its recommendations for reform of the WTO to ensure a global rules-based trade system for the coming century.
The current 25 CACCI member countries have a combined population of 2.7 billion, representing some 40% of the world total; a total GDP of US$15 trillion, accounting for about 25% of the world total; and a combined trade of US$8 trillion, representing about 26% of the total global trade value. CACCI represents the collective business interests of over 150 million businesses across geographical Asia, sometimes accounting for at least 97% of economic activity. These businesses employ perhaps one billion people, generating a living for them – many of them family owned and run businesses.
Small and medium business enterprises are the main engines of most economies and there is a dire need for economic recovery to restore jobs and incomes, particularly in low-income economies.
Study author, Dr Andrew Stoeckel said, “There is an imperative for better economic performance sustained into the future to service the large increase in debt around the globe. The WTO (together with its predecessor GATT) has been in situ since the end of the Second World War, regulating trade, global relations and resolving disputes on the movement of goods and services. However, over the past decade, the global market environment has made trade liberalisation less of a priority among many countries, threatening the sustainability of the WTO.
The bottom line is that the aim of international trade is to lift living standards. The fewer the barriers to commerce – whether technical or government imposed – the more commerce there will be, lifting living standards directly and indirectly through enabling resources for government to provide public goods and pursue sustainable development goals. The current system is not delivering this.
Even the purpose of the WTO is not clear. It needs to provide an open, non-discriminatory, rules-based multilateral system.”
In this regard, CACCI believes the 15 recommendations need to be considered by WTO members in MC12.
Adopting the 15 recommendations would simplify and strengthen the multilateral trading system. It would create more certainty in trade, encouraging investment and enhance commerce across borders. Higher living standards would be the result. That will not be at the expense of other environmental and social goals if the right policies are in place to address those issues.
The focus of this study is on trade, but CACCI notes that this is but one aspect of the need for better global governance. Other pressing aspects of global governance are the pandemic and climate change. The WTO system is not the only institution where the effectiveness of global governance arrangements is called into question. CACCI supports calls for a contemporary ‘Bretton Woods’ type conference to revisit how nation-states should work together in the modern age considering how much has changed since WWII. CACCI would support such a move to examine whether the global institutions we have now, along with the WTO system, are still fit for purpose in the 21st century.
Launching Event of CACCI Study of Rebuilding the World Trading System
Quotes attributable to CACCI’s regional business leaders:
CACCI President Samir Modi (India) said: “the world trading system has deteriorated to its current state, and we need to remedy the situation.
“Many countries are more concerned with national security and economic self-interests, leading to a rise in nationalism and protectionism regionally and globally. And, given the growing trend to pursue bilateral economic relationships among many countries, the prevailing circumstances are expected to have further adverse impact on multilateral relationships.
“CACCI, with its initiative to ‘Achieve a Successful World Trading System’, hopes to focus efforts to the right questions and reforms to achieve this important objective.”
CACCI Advisory Board Chair and CACCI President Emeritus Ken Court (Australia) said in a time of rapid communications and decision-making, the resolution of international trade disputes needed to be simplified.
“Most CACCI member nations are medium or small players with much at stake in a global multilateral system – they depend on stable and predictable rules governing international trade and investment.
“The current system is broken and doesn’t look like it can be repaired. Our recommendations are to look at an alternate approach using economics rather than legal mechanisms as a way through the impasse.” Mr Court said.
CACCI Policy Advocacy Working Group Chair and Australian Chamber of Commerce & Industry Trade Director Bryan Clark (Australia) said the WTO’s importance “had been forgotten amidst the pursuit of free trade agreements.
“One of key reasons for establishing the global rules-based trading system was to avoid a repeat of the destructive trade tensions experienced before World War II.
“But rising protectionism, the proliferation of FTAs, trade sanctions and the failure of the dispute settlement body, coupled with rising uncertainty with lower investment spells great trouble for the world.
“We desperately need the WTO members to listen to the calls from business to ensure that the institution is fit for purpose for the modern and evolving world.”
CACCI Advisory Board member Jemal Inaishvili (Georgia) said the promotion of free trade in the region had faced “a lot of challenges in the past”.
“We have seen tensions in trade relations between world and regional leaders, which were not helpful for economic growth.
“Last year we witnessed enormous disruptions caused by the COVID pandemic, the promotion of international free trade even more relevant and the CACCI recommendations will contribute to global recovery from the pandemic, improving health and economic outcomes for all.”
CACCI Vice President Peter McMullin (Australia) said the CACCI trade recommendations are a “vital piece of leadership at this critical stage in our collective history”.
“The world trading system is in disarray and needs a reset. The study has diagnosed the problem and suggests possible and practical solutions.
“As trade is foundational to the economic recovery, I think it is in all our interests to see the recommendations from the study are adopted by the WTO and its members.
CACCI Vice President M. Rifat Hisarciklioglu (Turkey) said greater cooperation at the WTO “can provide greater certainty for international trade and assist with global economic recover. At this time there is nothing more important.”
“Trade is the engine of economic growth and catalyser of peace, prosperity and security. The world economy needs less unilateralism and more multilateralism.”
CACCI Vice President Pedram Soltani (Iran) said “Asia, the driving force of the global trade growth in the 21st century, has to be more sensitive to the threats of protectionism. CACCI, as a multi-continent-wide organisation for the private sector, has correctly considered the headwinds of the World Trading System,” Dr Soltani said.
“The future of the world trade cannot continue to be bogged down in decades long negotiations and disputes.”
CACCI Vice President Sheikh Fazle Fahim (Bangladesh) said developing economies needed sustainable, equitable rules to achieve development goals and grow new industries with ease of market access.
“Developing economies find it difficult to expand their own emerging industries, as multinational companies have competitive advantage in the current global business environment. So, it is imperative promising economies are able to establish and maintain interconnectivity and collaboration among potential trade partners.
“The CACCI study explores all these challenges, gaps, and inconsistencies and finds an inclusive solution for world trade to become an effective system again that leaves no one behind.”
Further information: Jack Quail | Senior Media Adviser – ACCI – +61 431 299 518
To download the Summary of CACCI Policy Statement, click HERE.
To view the Summary of CACCI Policy Statement online, click HERE.
To download the Complete CACCI Policy Statement, click HERE.
To view the Complete CACCI Policy Statement online, click HERE.
Webinar on the WTO and WTO Reforms with the Minister of Trade, Tourism and Investment of Australia
CACCI is pleased to invite its members and colleagues to participate in the webinar on the World Trade Organization (WTO) and on the WTO reform efforts to be organized by the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), in cooperation with the Australian Chamber of Commerce and Industry on October 26, 2021 at […]
Webinar on the WTO and WTO Reforms with the Minister of Trade, Tourism and Investment of Australia
CACCI is pleased to invite its members and colleagues to participate in the webinar on the World Trade Organization (WTO) and on the WTO reform efforts to be organized by the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), in cooperation with the Australian Chamber of Commerce and Industry on October 26, 2021 at 5:00 PM AEDT.
The one-hour session will feature The Hon. Dan Tehan MP, Minister for Trade, Tourism and Investment of Australia, who will elaborate on the views and position of his Ministry on the current operation of the WTO and what reforms are necessary and how to achieve them. Attached herewith is the biography of Minister Tehan for your perusal.
The Tentative Program will be as follows:
5:00PM – 5:05PM Opening Remarks by Mr. Samir Modi, President, CACCI
5:05PM – 5:30PM Presentation by The Hon Dan Tehan MP, Minister for Trade Tourism and Investment, Australia
5:30PM – 5:55PM Q & A Session
5:55PM – 6:00PM Closing Remarks by Mr. Peter McMullin, Vice President, CACCI
The October 26 webinar is the first of a series of webinars that CACCI is organizing to provide our members the opportunity to understand and have a clear idea of what trade officials in CACCI member countries think of what the WTO should achieve and how to go about it.
We encourage you to share the invitation with your respective members and constituencies, as well as to your other networks, who I am sure will stand to gain from the discussions.
“Achieving a Successful World Trading System” A Policy Statement by CACCI
To download the Summary of CACCI Policy Statement, click HERE. To view Summary of CACCI Policy Statement online, click HERE. To download Complete CACCI Policy Statement, click HERE. To view Full Complete Policy Statement online, click HERE.
“Achieving a Successful World Trading System” A Policy Statement by CACCI
To download the Summary of CACCI Policy Statement, click HERE.
To view Summary of CACCI Policy Statement online, click HERE.
To download Complete CACCI Policy Statement, click HERE.
To view Full Complete Policy Statement online, click HERE.
Invitation to the Launching of CACCI Recommendations to Improve World Trading System on 29th October 2021 (15:00 Taiwan Time ) – Register Now
Register HERE To download the Invitation in PDF format, click HERE. Register HERE To download the Summary of CACCI Policy Statement, click HERE. To view the Summary of CACCI Policy Statement online, click HERE. To download the Complete CACCI Policy Statement, click HERE. To view the Complete CACCI Policy Statement online, click HERE.
To download the Summary of CACCI Policy Statement, click HERE.
To view the Summary of CACCI Policy Statement online, click HERE.
To download the Complete CACCI Policy Statement, click HERE.
To view the Complete CACCI Policy Statement online, click HERE.
Summary of CACCI Study on “Achieving a Successful World Trading System”
Reform Starts at Home To download the Summary of CACCI Policy Statement, click HERE. To view the Summary of CACCI Policy Statement online, click HERE. To download the Complete CACCI Policy Statement, click HERE. To view the Complete CACCI Policy Statement online, click HERE.
Summary of CACCI Study on “Achieving a Successful World Trading System”
Reform Starts at Home
To download the Summary of CACCI Policy Statement, click HERE.
To view the Summary of CACCI Policy Statement online, click HERE.
To download the Complete CACCI Policy Statement, click HERE.
To view the Complete CACCI Policy Statement online, click HERE.
CACCI Profile – October edition available
Taipei – The October 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The October 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI holds webinar on “Incoterms® 2020 – Newly Revised ICC Rules for international trade terms”
CACCI organized a one-day webinar on October 6, 2021 on Incoterms 2020, the ICC flagship rulebook which defines the obligations and responsibilities of contract parties in relation to delivery of goods. ICC Registered Trainer and well-known international trade finance expert Mr. Pavel Andrle, conducted the full-day webinar. A total of 67 registered participants plus other […]
CACCI holds webinar on “Incoterms® 2020 – Newly Revised ICC Rules for international trade terms”
CACCI organized a one-day webinar on October 6, 2021 on Incoterms 2020, the ICC flagship rulebook which defines the obligations and responsibilities of contract parties in relation to delivery of goods.
ICC Registered Trainer and well-known international trade finance expert Mr. Pavel Andrle, conducted the full-day webinar. A total of 67 registered participants plus other interested persons from Mongolia, Iran, Vietnam and Philippines closely followed the presentation, which focused on the role of Incoterms in sale and other relevant contracts, new changes to Incoterms 2020 from the previous Incoterms 2010, and the practical aspects of using each of the 11 trade (delivery) terms of Incoterms 2020.
Mr. Andrle explained the risks related to each delivery term in depth, both from the seller´s and buyer´s perspective. Many participants were from banks, trade finance and customer service departments.
The Participants appreciated the practical advice given by Mr. Andrle, who is a trade finance practitioner himself, regarding the documents to evidence the seller´s fulfilment of its contractual obligations, related to the delivery of goods. Such knowledge is necessary to properly link the delivery terms to the payment terms, especially when the documentary credit or documentary collection is chosen by the contract parties as the payment method.
Through this webinar, the participants – mainly exporters, importers, traders, specialists in logistics, cargo insurance, bankers and many other interested business people – learned how to keep themselves and their customers safe by being informed on solutions to specific needs, and therefore being protected against technical risks and ambiguities which frequently arise when using Incoterms in daily practice.
ASEAN Economies: The Road to Recovery
3 September 2021, 3:00 p.m., Singapore time, GMT+8 At the start of the coronavirus disease (COVID-19) pandemic, the ASEAN region responded relatively well to the crisis compared with other parts of the world, with travel restrictions and country-wide lockdowns keeping the spread at bay. In April, the Asian Development Bank (ADB) forecast Southeast Asia’s gross […]
3 September 2021, 3:00 p.m., Singapore time, GMT+8
At the start of the coronavirus disease (COVID-19) pandemic, the ASEAN region responded relatively well to the crisis compared with other parts of the world, with travel restrictions and country-wide lockdowns keeping the spread at bay.
In April, the Asian Development Bank (ADB) forecast Southeast Asia’s gross domestic product to grow at 4.4% in 2021, which would take the region back to pre-COVID-19 levels.
However, in recent months many countries are facing a second and stronger onslaught of the pandemic, and are being forced to return to tighter controls while trying to roll out the vaccine as soon as possible to get the situation under control.
What will this mean for the projected growth of ASEAN countries, and how will their economies recover as we head to 2022?
Join our complimentary webinar where leading economists from the region will share their outlook for ASEAN, leveraging insights and data points from the new macroeconomic datasets that are now available in Refinitiv Datastream.
The webinar will discuss:
Forecasting ASEAN’s growth—the outlook for 2021 and beyond
The road to recovery—areas of opportunity, reforms, and investments
The role of green and social finance for the region
A look at the ASEAN economic data expansion for Refinitiv Datastream
Speakers:
Deborah Elms, Founder and Executive Director, Asian Trade Centre
Riza Tyas, Head, Macroeconomic Group, Economic & Monetary Policy Department, Bank Indonesia
James Villafuerte, Senior Economist, Southeast Asia Regional Department, Asian Development Bank
Wendy Yamazaki, Senior Director, Government Relations and Regulatory Strategy, Refinitiv
Ramesh Subramaniam, Director General, Southeast Asia Regional Department, Asian Development Bank
The webinar is co-organized by Refinitiv and SEADS.
CACCI Profile – September edition available
Taipei – The September 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The September 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI participates in meeting between TWC-YEG and PYEA
The CACCI Secretariat joined a meeting between Taiwan’s Third Wednesday Club Young Entrepreneurs Group (TWC-YEG) and the Philippine Young Entrepreneurs Association (PYEA) on August 19. Among those in attendance include, from TWC-YEG: Deputy Chairman Mr. Richard Lin; Conveners of International Affairs Committee Mr. Maick Bradford Su and Mr. Jay Thian; and Mr. Howard Yu. From […]
CACCI participates in meeting between TWC-YEG and PYEA
The CACCI Secretariat joined a meeting between Taiwan’s Third Wednesday Club Young Entrepreneurs Group (TWC-YEG) and the Philippine Young Entrepreneurs Association (PYEA) on August 19. Among those in attendance include, from TWC-YEG: Deputy Chairman Mr. Richard Lin; Conveners of International Affairs Committee Mr. Maick Bradford Su and Mr. Jay Thian; and Mr. Howard Yu. From PYEA, Chairman Emeritus Mr. Rommel Gerodias; PYEA National President Ms. Charmaine Cobankiat Leong; PYEA Manila – President Mr. Sergio Ortiz Luis; Vice President for Internal Affairs Ms. Melissa Varela; Mr. Jairus Ferrer; and Mr. Oliver Lee were in attendance.
Members of the two groups introduced themselves and their respective lines of business, then discussed their experiences running their enterprises during the COVID-19 pandemic. They also talked about possible areas of collaboration in the future between the two organizations.
Webinar on Chambers Connect
CACCI wishes to convey to members and friends the invitation from the International Chambers of Commerce World Chambers Federation (ICC-WCF) to its webinar on the Chambers Connect scheduled on Wednesday 28 July 2021, at 10 AM CEST. To be held jointly with CACCI, the webinar is exclusively dedicated to CACCI chamber members and […]
CACCI wishes to convey to members and friends the invitation from the International Chambers of Commerce World Chambers Federation (ICC-WCF) to its webinar on the Chambers Connect scheduled on Wednesday 28 July 2021, at 10 AM CEST.
To be held jointly with CACCI, the webinar is exclusively dedicated to CACCI chamber members and is primarily aimed at introducing the features of Chambers Connect, ICC WCF’s online community platform exclusively for chambers of commerce worldwide to and guide your first steps on the platform. This new tool aims to support ICC WCF in its work to unite the global chamber network.
Executives from the CACCI Secretariat will join the webinar to introduce CACCI’s chamber space and share their experience in using Chambers Connect.
For those of you who haven’t gotten the chance to access the platform yet, please fill in by clicking HERE.
If you have further questions in this regard, we suggest you contact the Chambers Connect Team at chambersconnect@iccwbo.org
You may register for the webinar by clicking HERE.
Once you have registered, you shall receive an automatic email containing the details and link to join the webinar.
CACCI Profile – July edition available
Taipei – The July 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The July 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Women Entrepreneurs Newsletter available now
Taipei – CACCI is pleased to inform members and friends that the 23rd Volume of Grow, the publication of CACCI Women Entrepreneurs Council is available HERE. We hope that this publication will serve as an effective platform for an exchange of information among women entrepreneurs in the CACCI region. Members are, therefore, encouraged to contribute articles […]
CACCI Women Entrepreneurs Newsletter available now
Taipei – CACCI is pleased to inform members and friends that the 23rd Volume of Grow, the publication of CACCI Women Entrepreneurs Council is available HERE.
We hope that this publication will serve as an effective platform for an exchange of information among women entrepreneurs in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to wendy.yang@cacci.biz
Taiwan TWC-YEG meets Vietnam YEA for exploratory talks
On July 14, 2021, ranking officers of the Taiwanese Third Wednesday Club’s Young Entrepreneurs Group (TWC YEG) met for the first time their counterparts from the Vietnam Young Entrepreneurs Association (VYEA) in a cordial online meeting. Both national organization had the opportunity to introduce their respective organizations and history, discuss the current status of their […]
Taiwan TWC-YEG meets Vietnam YEA for exploratory talks
On July 14, 2021, ranking officers of the Taiwanese Third Wednesday Club’s Young Entrepreneurs Group (TWC YEG) met for the first time their counterparts from the Vietnam Young Entrepreneurs Association (VYEA) in a cordial online meeting.
Both national organization had the opportunity to introduce their respective organizations and history, discuss the current status of their respective economies as they continue struggling against the Covid pandemic and plan future activities that could enhance real business opportunities for the benefit of their members.
The TWC YEG’s delegation was led by Mr. Richard Lin, Deputy Chairman, TWC-YEG who launched the online meeting by introducing the Taiwanese delegates, including senior officers of CACCI (Confederation of Asia-Pacific Chambers of Commerce and Industry).
Mr. Richard Lin also presented the history, current leadership and structure of TWC-YEG and explained the industrial composition of the organization. Mr. Lin added that TWC is a respected business organization that represents the leading industrial groups of Taiwan, generating on the aggregate over half of Taiwan’s GDP.
From their part, the Vietnamese delegation was led by Ms. Hue Pham, VYEA Vice Chairwoman, who in turn introduced her delegates at the meeting. During her remarks, Ms. Hue Pham explained that VYEA is the largest business organization in Vietnam, with more than 10,000 members all over their territory.
Ms. Hue Pham added that most of the members maintain certain cooperation with government units to organize conferences or participate in overseas events. VYEA, Ms. Hue Pham said, has an excellent history of operation for 27 years.
Concerning the complications brought upon by the Covid pandemic, Ms. Hue Pham said that traffic is restricted between cities, making business operations very difficult. Consequently, many SMEs are struggling, because lack of emergency capital prevents them from weathering the current stoppage in normal business operations.
During the virtual meeting, Mr. Amador Honrado, CACCI Deputy Director General also had the opportunity to introduce CACCI and its current YEG plans. At the end of his presentation, Mr. Honrado invited VYEA members to join the future YEG activities that CACCI is preparing to launch in coordination with many YEGs affiliated to national chambers of commerce and industry in nations and territories across the Asia Pacific region.
Mr. John Tran, VYEA Vice Deputy of Int’l Affairs Department, was very explicit in his recommendation to build up the incipient relationship between VYEA and TWC YEG. Mr. Tran recommended exploring credible business opportunities in Vietnam and business interests among Taiwanese enterprises to start establishing a durable relationship between the two organizations.
Moreover, Mr. Tran emphasized that there is good will towards Taiwanese companies in the Vietnamese market and that medium and small Taiwanese companies, aside from those invested in the large industrial parks of Vietnam, have opportunities to grow locally. One important key to success in the Vietnamese market is, according to Mr. Tran, to find a good local partner for their venture.
Other Taiwanese business executives discussed their companies’ situation and future plans post-pandemic, as well as expressed interest in the Vietnamese market.
At the end of the discussion, both organizations considered positive their first exploratory meeting and decided to search and collect business objectives currently in the mind of members in order to find counterparts or concrete points of business exploration.
Further meetings are expected.
The video of the meeting can be viewed at the CACCI Youtube channel HERE.
List of participants
Third Wednesday Club’s Young Entrepreneur Group:
Mr. Richard Lin, Deputy Chairman, TWC-YEG
Mr. Maick Bradford Su, Convener of International Affairs Committee, TWC-YEG
Mr. Jay Thian , Convener of International Affairs Committee, TWC-YEG
Mr. Howard Yu, Member, TWC-YEG
Mr. Vito Ma, Deputy Secretary-General, TWC-YEG
Mr. Ernest Lin, Director General, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
Mr. Amador Honrado, Deputy Director General, Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
Mr. Mig Moreno, Deputy Director General, Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
Ms. Abby Moreno, Senior Officer, Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
Ms. Hue Pham, Vice Chairwoman, Vietnam Young Entrepreneurs Association
Mr. John Tran, Vice Deputy of Int’l Affairs Department, Vietnam Young Entrepreneurs Association
Ms. Sylvia Nguyen, Member of Presidium, Vietnam Young Entrepreneurs Association
Ms. Trang, Officers, Vietnam Young Entrepreneurs Association
CACCI Tourism newsletter available
Taipei – CACCI is pleased to inform all members that the 24th Volume of CACCI Tourism Newsletter is available for 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. […]
Taipei – CACCI is pleased to inform all members that the 24th Volume of CACCI Tourism Newsletter is available for 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 wendy.yang@cacci.org.tw
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI
CACCI Profile – June edition available
Taipei – The June 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The June 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
XVI CACCI Health & Education newsletter available
Taipei – We are pleased to inform you that the sixteenth Volume of CACCI Health & Education Newsletter has been formally issued. You can download the newsletter HERE. We hope that this publication will serve as an effective platform for an exchange of information among the sector of health and education in the CACCI region. Members are, therefore, encouraged […]
We hope that this publication will serve as an effective platform for an exchange of information among the sector of health and education in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to wendy.yang@cacci.org.tw
Virtual Special Council Meeting on July 27, 2021
CACCI would like to invite All CACCI Officers and CACCI Primary Members to attend a Special CACCI Council Meeting to be held on July 27, 2:00 PM, Taipei Time. The special meeting is being called to primarily review and comment on the final draft of the CACCI study on “Resurrecting the World Trading System”, and more […]
CACCI would like to invite All CACCI Officers and CACCI Primary Members to attend a Special CACCI Council Meeting to be held on July 27, 2:00 PM, Taipei Time.
The special meeting is being called to primarily review and comment on the final draft of the CACCI study on “Resurrecting the World Trading System”, and more importantly, to finalize and approve the accompanying CACCI Policy Statement (based on the full study) to be signed by all Council members.
CACCI Secretariat will send copies of the discussion papers and other relevant information (e.g., meeting link, updates, etc.) in due course.
In the meantime, may we request to all officers and Primary members to kindly pencil in the meeting date in your calendar of events for July 2021?
If you have questions at this stage, please write to cacci@cacci.biz
Webinar on SMEs’ adaptation and innovation
Why this webinar is needed? Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 96 percent of all Asian businesses, providing two out of three private sector jobs on the continent. Therefore, fully functioning support measures for SMEs are vital for Asia’s economic success. Since its […]
Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 96 percent of all Asian businesses, providing two out of three private sector jobs on the continent. Therefore, fully functioning support measures for SMEs are vital for Asia’s economic success.
Since its outbreak, the COVID-19 pandemic has caused border closures and lockdowns in many countries, especially affecting developing economies and vulnerable groups. As the pandemic’s first epicenter, the Asia-Pacific region is suffering from the devastating impact on millions of workers and enterprises, posing a major risk to the achievement of decent work and economic growth (SDG 8). The SDG Progress Report by ESCAP indicated that the region showed regressing trends on SDG target 8.5 of “full employment and decent work” in 2020. In addition, nearly 829 million informal workers were impacted by the pandemic, and unemployment increased by 15 million in the same year.
To build the Asia-Pacific economies back better, adaptation of SMEs with innovative and pragmatic strategies in the post COVID-19 era is a key driver. The proposed webinar aims to provide three layers of strategies: First, from the regional level, what and how policies have been implemented to support SMEs for recovery. Second, from the ODA perspective, best practices that have catalyzed cross-sector resources for SMEs development. Finally, on the business aspect, practical approaches that chambers of commerce and businesses have rapidly adapted throughout the pandemic for corporate sustainability. Based on the lessons and experiences learned, the webinar hopes to build synergy among stakeholders for solutions to build a stronger environment for SMEs in the new normal.
Purpose of the webinar
This side event aims to create a platform to invite all stakeholders from regional, national, and local aspects to share their insights and innovative solutions for the sustainable development and resilience of SMEs. How would they build an enabling environment for SMEs development in the post COVID-19 era? The panel discussion will address cross-sector collaboration and share good practices for the Asia-Pacific region.
Responding to SDG
(1) Goal 8-Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
(2) Target 8.3-Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
(3) Format- A 60-minute webinar open for registration (using Cisco Webex platform)
Moderator
George Abraham, Chairman of SME Development Council, Confederation of Asia-Pacific Chambers of Commerce and Industry
Panelists
Donald Lambert, Principal Private Sector Development Specialist, Southeast Asia Department, Asian Development Bank (ADB)
Alex Shyy, Deputy Secretary General, International Cooperation and Development Fund (TaiwanICDF)
Robert Kraybill, Managing Director and Chief Investment Officer, Impact Investment Exchange (IIX)
Successful CACCI Business and Investment Summit held June 4 2021
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), in cooperation with the Chinese International Economic Cooperation Association (CIECA), Taiwan, the Chinese National Association of Industry and Commerce, Taiwan (CNAIC), and the Importers & Exporters Association of Taipei (IEAT), jointly conducted the first virtual CACCI Business and Investment Summit on June 4, 2021 which […]
Successful CACCI Business and Investment Summit held June 4 2021
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), in cooperation with the Chinese International Economic Cooperation Association (CIECA), Taiwan, the Chinese National Association of Industry and Commerce, Taiwan (CNAIC), and the Importers & Exporters Association of Taipei (IEAT), jointly conducted the first virtual CACCI Business and Investment Summit on June 4, 2021 which was attended by some 130 delegates from 24 countries.
With the COVID-19 pandemic triggering economic and social shocks globally, sparing no nation from its devastating multi-dimensional impacts, CACCI held the Summit aiming to explore business and investment opportunities in the region, which is also part of a series of activities in 2021 in celebration of CACCI’s 55th Anniversary since its founding in May 1966.
CACCI member chambers in Bangladesh, Taiwan and Vietnam were requested to invite: (a) relevant government agencies to make presentations on the business outlook and investment opportunities in their respective countries, and (b) foreign investors in their respective countries to make testimonials on their experience and operations in the country.
The two-hour virtual Summit was kicked off by the Welcome Remarks by CACCI President Mr. Samir Modi. In his Remarks, Mr. Modi expressed his appreciation to participants who joined the first virtual Business Summit organized by CACCI, stressing the importance of CACCI as an apex regional business organization and platform where businesses can network and explore possible areas of cooperation, and in so doing, increasing business interaction and promoting regional economic growth.
Mr. Modi also indicated that this Summit is only one of several activities CACCI has planned for 2021 to celebrate the milestone of its 55th founding Anniversary. And depending on the outcome of the event, more Business and Investment Summits may be organized in the future to showcase other CACCI member countries.
Moderated by Ms. Kristy Hsu, Director, Taiwan ASEAN Studies Center Chung-Hua Institution for Economic Research, Taiwan, the virtual Summit featured the following speakers from the three countries, respectively: Bangladesh – Mr. Mohammad Hasan Arif, (Joint Secretary), General Manager (Administration & Finance), Bangladesh Economic Zones Authority (BEZA); Mr. Shekar N. Rajashekaran, Managing Director and Sub-Cluster Head, Bangladesh and Sri Lanka, Citibank; Taiwan – Mr. William Tang, Director, InvesTaiwan; Mr. Brett D. Aaron, CEO, BABI International Corp.; Vietnam – Ms. Hoang Thanh Tam, Head of the Investment, Promotion Division, Foreign Investment Agency, Ministry of Planning and Investment of Vietnam; Mr. Brian Chen, Partner of KPMG/Director of The Council of Taiwanese Chamber of Commerce in Vietnam.
Invited speakers were requested to share their insights on the latest economic trends and investment policies in Bangladesh, Taiwan and Vietnam, as well as the business potentials and advantages that each country has to offer for foreign investors. Their presentations all indicate that, despite being impacted by the ongoing COVID-19 pandemic, their respective economies show positive outlook as they begin to regain their footing and show signs of recovery.
This encouraging prospect is attested to by recent economic forecasts released by the Asian development Bank, the World Bank, the International Monetary Fund (IMF), and the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). “Given such an optimistic outlook, now is the time to invest in the region,” CACCI President Mr. Modi concluded in his Welcome Remarks.
The recording of the webinar is available at the CACCI Youtube channel HERE.
“CACCI Business and Investment Summit” on June 4, 2021
CACCI is pleased to invite members and associates to join the “CACCI Business and Investment Summit” to be held on June 4 at 14:00 – 16:00 hrs. Taipei Time on the virtual platform. To be organized by CACCI and co-hosted by the Chinese International Economic Cooperation Association (CIECA), Taiwan, Chinese National Association of Industry and […]
“CACCI Business and Investment Summit” on June 4, 2021
CACCI is pleased to invite members and associates to join the “CACCI Business and Investment Summit” to be held on June 4 at 14:00 – 16:00 hrs. Taipei Time on the virtual platform.
To be organized by CACCI and co-hosted by the Chinese International Economic Cooperation Association (CIECA), Taiwan, Chinese National Association of Industry and Commerce, Taiwan (CNAIC) and Importers & Exporters Association of Taipei (IEAT), the Summit is part of a series of special events in 2021 in celebration of the 55th anniversary of CACCI.
CACCI member chambers in Taiwan, Vietnam and Bangladesh will invite relevant government agencies to share their post-COVID strategies for economic recovery and sustainable growth in their respective countries, as well as invite foreign investors in their respective countries to make testimonials on their experience and operations in the country. Below we present the tentative program.
More details on the event, such as the registration link and the updated program, will be provided shortly. We encourage all CACCI members to already mark down the time for the virtual Summit which presents the best occasion to get the first-hand information on business opportunities in Taiwan, Vietnam and Bangladesh.
The Colonial Pipeline Incident — How Vulnerable Is Critical Infrastructure to Cybercriminals?
On May 7, 2021, Colonial Pipeline, a major U.S. fuel pipeline operator, halted operations as a precautionary measure after a cyberattack involving ransomware was discovered. The attackers appear to have accessed business systems from which they stole nearly 100 gigabytes of data before they locked Colonial Pipeline’s computers and demanded ransom. Responsible for nearly half of the […]
The Colonial Pipeline Incident — How Vulnerable Is Critical Infrastructure to Cybercriminals?
On May 7, 2021, Colonial Pipeline, a major U.S. fuel pipeline operator, halted operations as a precautionary measure after a cyberattack involving ransomware was discovered. The attackers appear to have accessed business systems from which they stole nearly 100 gigabytes of data before they locked Colonial Pipeline’s computers and demanded ransom.
Responsible for nearly half of the U.S. East Coast’s fuel supply, Colonial Pipeline supplies fuels from Gulf Coast refining centers to cities, including Washington, D.C., Baltimore and Atlanta, transporting 2.5 million barrels per day of gasoline, diesel and jet fuel through 5,500 miles (8,850 km) of pipelines.
Photo: Jim Watson/AFP via Getty Images
Fuel tanks are seen at the Colonial Pipeline Baltimore Delivery in Baltimore, Maryland, on May 10, 2021. Industry observers regard the Colonial Pipeline cybersecurity incident as financially motivated, as opposed to state-directed sabotage.
The attack represents a major disruption of the U.S. energy sector and is the latest in a string of unsettling cyberattacks by foreign actors that have drawn attention to the need for private companies and government agencies to harden their digital assets.
According to an FBI statement, the strain of malware involved appears to be the work of a Russian ransomware gang called “DarkSide.” DarkSide operates under a Ransomware-as-a-Service (RaaS) model, and once a system is compromised, cybercriminals using these services can demand anywhere between $200,000 and $2 million. DarkSide is one of several increasingly professionalized groups of digital extortionists, with a mailing list, a press center and a victim hotline.
Chris Krebs, the former director of Homeland Security’s Cybersecurity and Infrastructure Security Agency, told CBS News the tactics of the Colonial attack are indicative of “veteran” cybercriminals.
DarkSide users display comprehensive capabilities across multiple software systems and platforms, collecting information from a variety of private organizations, including financial institutions, medical facilities, energy firms and tech giants.
These types of hackers aren’t worried about avoiding detection; rather these actors employ tactics that aim to leverage a company’s desire to keep the breach quiet to pressure them into paying up. A popular such tactic is called “double extortion,” a technique in which criminals demand that victims pay to decrypt the stolen data and prevent the hackers from leaking sensitive data. This technique allows hackers to increase both the number of ransoms they receive and the value of those demands.
Industry observers regard the Colonial Pipeline cybersecurity incident as financially motivated, as opposed to state-directed sabotage compared to what was observed in the SolarWinds or Microsoft Exchange hacks earlier this year.
The Energy Sector Is Exposed
The energy industry is still maneuvering the widespread digital transformation of operational and support structure that has gained momentum in recent years. These are exciting developments in operational and information technology for oil and gas applications — many oil and gas companies are prioritizing investments in this area. Two examples of such developments include the internet of things, which facilitates data collection, and Supervisory Control & Data Acquisition systems, which use data to monitor and control facilities located throughout the energy supply chain.
However, these technologies inherently increase an organization’s attack surface, requiring authentication and authorization management between them.
Experts predict that the number of connected devices worldwide will reach a whopping 46 billion by 2021 — all equipped with sensors that communicate back to networks, databases and communications systems. These connected devices span a wide range, from smart toasters to centrifuges enriching uranium. Even a fish-tank thermometer can expose firms to trouble from hackers.
As mentioned in a recent NSA advisory for stopping malicious activity against connected operational technology (OT), it doesn’t help that many of the “OT assets and control systems installed and used throughout the energy sector are past end-of-life and operated without sufficient resources.” Put simply, these systems are dinosaurs. This means updates and vulnerability patches aren’t being developed, stifling IT teams tasked with defending these legacy systems and opening firms up to a considerable amount of risk.
The critical infrastructure that’s the foundation of the end-to-end energy supply chain makes it particularly vulnerable and more attractive to these hacker groups. This is compounded by the fact that energy remains a major concern for the nation-states who are often enabling these bad actors. The energy sector drives so much policy across the world that it affects how countries conduct themselves and interact. Therefore, nation-states are willing to attempt these sophisticated and disruptive campaigns to gain any advantage they can.
Unless cybersecurity measures are embedded in a technology’s development phase, we are likely to see these kinds of disruptive attacks on industrial systems like oil and gas pipelines more frequently. Colonial has said it hopes to “substantially restore operational service by the end of the week,” but that it will be a stepwise process.
It May Take a While to Get Back to Normal
Colonial has managed to restart its pipeline operations but has warned that it will take several days for supply to get back to normal. In the meantime, adjacent avenues are operating to deliver existing inventories to markets along the Colonial pipeline. Aside from the Colonial pipeline, East Coast fuel markets are supplied by the Plantation pipeline jointly owned by Kinder Morgan and Exxon; East Coast refineries; and fuel shipments from Eastern Canada and Europe. There have already been some signs of panic-buying by motorists along the East Coast.
As for other parts of the energy sector, a shutdown on any of the major crude pipelines would have some impact, though in the case of crude it would be more muted to the consumer because it’s further up the supply chain. A disruption to a major natural gas pipeline could have a ripple effect to power generation facilities, depending on the line, duration and time of year.
Based on our experience, the industry is taking the threat very seriously, but these complex business and operational IT systems are ultimately operated by humans, and that will always include some element of risk.
Geoff Yut Consultant at Opportune LLP Geoff Yut is a consultant in Opportune LLP’s Process & Technology group based in Houston. Geoff graduated from Texas A&M University with a B.S. in Management Information Systems and a minor in Cybersecurity.
The original article can be read at the Brink Asia HERE.
“India, China and the US: A new geopolitical landscape” debate
CACCI invites its members and friends to join a series of events presented by the Financial Times and The Indian Express. The next important debate is “India, China and the US: a new geopolitical landscape” on Thursday 20 May, 4:45-8:05 pm India, 12:15-3:25 pm GMT+1, #IndiaInTheWorld Senior leaders in foreign policy, international relations and geopolitics […]
“India, China and the US: A new geopolitical landscape” debate
CACCI invites its members and friends to join a series of events presented by the Financial Times and The Indian Express.
The next important debate is “India, China and the US: a new geopolitical landscape” on Thursday 20 May, 4:45-8:05 pm India, 12:15-3:25 pm GMT+1, #IndiaInTheWorld
Senior leaders in foreign policy, international relations and geopolitics will share their insights into this critical situation.
India and China have long jockeyed for influence in the Indo-Pacific region. With China potentially set for further regional dominance due to its rapid economic recovery, how will India position itself diplomatically? And how will India’s relations evolve with the US under the new Biden administration?
In the second of a series of online, agenda-setting debates organised by the Financial Times and The Indian Express, foreign policy leaders and thinkers from India and overseas discuss India’s diplomatic standing in the world, especially with regards to China and the US.
Interested members can visit the homepage HERE for further details and also register for free HERE.
Key talking points:
India-China: Will tensions deepen and what will be the impact on economic and business ties?
India-US: Can India become an ideological as well as strategic US partner in geopolitical affairs?
Diplomatic standing: How will India position itself overall in the post-COVID world order?
CACCI Profile – April edition available
Taipei – The April 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The April 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
New Asian-led venture to revive the WTO
The foremost network of business groups from the Asia Pacific has commissioned renowned macroeconomist Dr Andrew Stoeckel to author a study on resurrecting the world trading system. The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), a network of national chambers from 27 economies across Asia and the Western Pacific, will deliver an evidence […]
The foremost network of business groups from the Asia Pacific has commissioned renowned macroeconomist Dr Andrew Stoeckel to author a study on resurrecting the world trading system.
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), a network of national chambers from 27 economies across Asia and the Western Pacific, will deliver an evidence based argument and plan for reforming the World Trade Organisation (WTO) as well as the relationships with the major global intergovernmental institutions, following the completion of the study mid this year.
As a founding member of CACCI, The Australian Chamber of Commerce & Industry (ACCI) will be managing the project with Dr Stoeckel on behalf of the network.
The WTO (together with its predecessor GATT) has been in situ since the end of the Second World War, regulating trade, global relations and resolving disputes on the movement of goods and services.
However, the current global market environment has made trade liberalisation less of a priority among many countries, threatening the sustainability of the WTO.
The newly commissioned research is a flagship project for CACCI and will provide insight for the entire global trading community. The results will be released in mid-2021 in time for consideration by the next WTO Ministerial Council.
Quotes attributable to CACCI’s regional business leaders:
CACCI President Samir Modi (India) said: “It is an opportune time to examine how the world trading system has deteriorated to its current state, and what can be done to remedy the situation.
“Many countries are more concerned with national security and economic self-interests, leading to a rise in nationalism and protectionism regionally and globally. And, given the growing trend to pursue bilateral economic relationships among many countries, the prevailing circumstances are expected to have further adverse impact on multilateral relationships.
“CACCI, with its initiative to conduct the study ‘Resurrecting the World Trading System’, hopes to focus efforts to the right questions and processes to achieve this important objective.”
CACCI Advisory Board Chair and CACCI President Emeritus Ken Court (Australia) said in a time of rapid communications and decision-making, the resolution of international trade disputes needed to be simplified.
“Most CACCI member nations are medium or small players with much at stake in a global multilateral system – they depend on stable and predictable rules governing international trade and investment.
“A clear mechanism enabling prompt decision-making will not only assist business but also lead to more open dialogue between nations,” Mr Court said.
CACCI Policy Advocacy Working Group Chair and Australian Chamber of Commerce & Industry Trade Director Bryan Clark (Australia) said the WTO’s importance “had been forgotten amidst the pursuit of free trade agreements.
“One of key reasons for establishing the global rules-based trading system was to avoid a repeat of the destructive trade tensions experienced before World War II.
“But rising protectionism, the proliferation of FTAs, trade sanctions and the failure of the dispute settlement body, coupled with rising uncertainty with lower investment, spell great trouble for the world.
“We desperately need this study to address current shortcomings in the system and recommend a path back for the WTO, which is why securing an economist of Dr Stoeckel’s expertise is a boon for the confederation.”
CACCI Advisory Board member Jemal Inaishvili (Georgia) said the promotion of free trade in the region had faced “a lot of challenges in the past”.
“We have seen tensions in trade relations between world and regional leaders, which were not helpful for economic growth.
“Last year, we witnessed enormous disruptions caused by the COVID pandemic, and the difficult situation will certainly continue in 2021. We all are hopeful that by the end of the summer the situation will start to gradually improve.
“All this makes the development of international trading system based on promotion of free trade
even more relevant, and the above-mentioned study will only contribute to achieving our goals.
CACCI Vice President Peter McMullin (Australia) said the CACCI trade study is a “vital piece of leadership at this critical stage in our collective history”.
“The world trading system is in disarray and needs a reset. The study will diagnose the problem and suggest possible and practical solutions. The CACCI Steering Committee will provide the necessary oversight of the study and ensure that it remains focussed on the task at hand.
“Doing nothing is not an option for any of our valued members. We owe it to the rich and productive history of CACCI to embrace this study.
“As trade is foundational to the economic recovery, I think it is in all our interests to seek to advocate that recommendations from the study are adopted by the broader business community and its many organisations.
CACCI Vice President M. Rifat Hisarciklioglu (Turkey) said greater cooperation at the WTO “can defuse trade tensions and provide greater certainty for international trade.”
“Trade is the engine of economic growth and catalyser of peace, prosperity and security. The world economy needs less unilateralism and more multilateralism.
CACCI Vice President Pedram Soltani (Iran) said protectionism “had never been so threatening” to globalisation since the inception of the WTO.
“Asia, the driving force of the global trade growth in the 21st century, has to be more sensitive to such threats. CACCI, as a continent-wide organisation for the private sector, has correctly and timely felt the exigence of paying attention to the headwinds of the World Trading System,” Dr Soltani said.
“The future of the world trade should be more protected by those players who have a higher stake in shaping it.”
CACCI Vice President Sheikh Fazle Fahim (Bangladesh) said developing economies needed sustainable, equitable rules to achieve development goals and grow new industries with ease of market access.
“Developing economies find it difficult to expand their own emerging industries, as multinational companies have competitive advantage in the current global business environment. So, it is imperative promising economies are able to establish and maintain interconnectivity and collaboration among potential trade partners.
“Therefore, the need for a study that explores all these new challenges, gaps, and inconsistencies and finds an inclusive solution for world trade to become an effective system again that leaves no one behind, is paramount.”
Further information:
Marie Hogg | Senior Media Adviser – ACCI – +61 431 299 518
(c) Australian Chamber of Commerce and Industry 2021
Level 3, 24 Brisbane Avenue
BARTON ACT 2600
P | 02 6270 8000
E | info@australianchamber.com.au
W | www.australianchamber.com.au
SME Banking eCouncil on Facilitating digitisation of SMEs
CACCI is pleased to invite members and associates to join another EFMA’s “SME Banking eCouncil on Facilitating digitisation of SMEs.” Lukas Dzuroska, SME Banking Program Director will co-moderate this interactive session together with Ken Burke, Group Head of Consumer Lending and Business Credit Products of AIB Ireland. As SMEs worldwide are looking to adapt and […]
SME Banking eCouncil on Facilitating digitisation of SMEs
CACCI is pleased to invite members and associates to join another EFMA’s “SME Banking eCouncil on Facilitating digitisation of SMEs.” Lukas Dzuroska, SME Banking Program Director will co-moderate this interactive session together with Ken Burke, Group Head of Consumer Lending and Business Credit Products of AIB Ireland.
As SMEs worldwide are looking to adapt and manage current challenges, there is no better time to connect, discuss, and share with your peers in order to seize the opportunities that these uncertain times offer.
2:00-2:05 CET Introduction to the Council’s topic 2:05-2:20 CET Opening key note speech: Facilitating digitisation of SMEs 2:20-2:25 CET Introducing Mastercard’s SME anthem: Empowering Every Business 2:25-2:45 CET D&S Digitization and Data Analytics 2:45-3:10 CET Case study: From ‘Beyond Banking’ to ‘Before Banking’ 3:10-3:35 CET Collaborative session with global panelists 3:35-3:45 CET Conclusion & Next steps: SME Banking Program engagement
The speakers
Steering Committee for CACCI Study on World Trading System holds 2nd Meeting on March 2, 2021
The second virtual meeting of the Steering Committee for the CACCI Study on “Resurrecting the World Trading System” was held on March 2, 2021, from 2:00 PM to 3:30 PM, Taipei time. Chaired by CACCI President Mr. Samir Modi, the meeting drew the participation of members of the Steering Committee or their representatives, and CACCI […]
Steering Committee for CACCI Study on World Trading System holds 2nd Meeting on March 2, 2021
The second virtual meeting of the Steering Committee for the CACCI Study on “Resurrecting the World Trading System”was held on March 2, 2021, from 2:00 PM to 3:30 PM, Taipei time. Chaired by CACCI President Mr. Samir Modi, the meeting drew the participation of members of the Steering Committee or their representatives, and CACCI Secretariat officers.
Among others, the meeting considered emerging issues that will have to be considered by the study; reviewed feedback on the CACCI study from regional organizations and from CACCI Primary Members; exchanged views on the Committee members’ reactions to the progress of the study; and discussed other relevant issues and concerns they have on the project at this stage. The Committee agreed to meet again on April 6.
Requesting Representatives for CACCI Young Entrepreneurs
As part of CACCI efforts to further strengthen the CACCI Young Entrepreneurs Group in Asia Pacific (YEGAP), CACCI would like to request Primary Chamber members ONLY to nominate representatives in the Executive Committee of YEGAP. It is our hope that, with Primary Members duly represented in the Executive Committee of YEGAP, the National Chambers will […]
Requesting Representatives for CACCI Young Entrepreneurs
As part of CACCI efforts to further strengthen the CACCI Young Entrepreneurs Group in Asia Pacific (YEGAP), CACCI would like to request Primary Chamber members ONLY to nominate representatives in the Executive Committee of YEGAP. It is our hope that, with Primary Members duly represented in the Executive Committee of YEGAP, the National Chambers will be able to make an important contribution to CACCI’s efforts in promoting youth entrepreneurship not just in their country but in the Asia-Pacific region as well.
As CACCI members may know, YEGAP was created during the 68th CACCI Council Meeting held in May 2004 in Phnom Penh, Cambodia. Its goal is to provide a venue for young entrepreneurs in CACCI member countries to get actively involved in entrepreneurial development. CACCI envisions the YEGAP to serve as an effective venue for identifying suitable programs geared towards entrepreneurial development for young and start-up entrepreneurs.
The CACCI Council last year approved the Governance Framework applicable to all CACCI Product and Service Councils (PSCs), including YEGAP. Under the approved Governance Framework, it is stipulated that the affairs of PSCs shall be governed and administered by the Executive Committee composed of at most two duly designated representatives from each CACCI Primary Member. We therefore write to seek your nominations for the YEGAP Executive Committee.
As CACCI members very well know, any organization is only as strong and effective as its members. CACCI is therefore looking for YEGAP Executive Committee representatives from Primary members with the following qualifications:
Must be 49 years old or younger;
Have a strong interest and commitment to actively participate in the programs and projects of YEGAP;
Be willing and financially capable to travel at least once a year to attend meetings of YEGAP;
Take an active role in setting the general direction of YEGAP and in identifying activities of YEGAP to help achieve its objective of promoting entrepreneurship among CACCI members;
Be in a position to serve as an effective liaison between YEGAP and young entrepreneurs group in his/her country;
Be proficient in English; and
Be eager and willing to render voluntary work for YEGAP
Preferably a Lifetime Special Member of CACCI
Please send us the names and contact details of your designated representatives in the YEGAP Executive Committee. Kindly download and fill the Nomination Form, and send it back to us through our Fax No. (886 2) 2760-7569, or by e-mail at cacci@cacci.biz, by March 22, 2021 if possible.
CACCI Profile – February edition available
Taipei – The February 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The February 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI VPs take on Designated Portfolio
The incumbent CACCI Vice Presidents have agreed to take a lead role in initiating and implementing programs and projects for their designated portfolios during the rest of their term in office. Following the 92nd CACCI Council Meeting held online on November 20 last year, the incumbent Vice Presidents were requested to indicate which of the […]
The incumbent CACCI Vice Presidents have agreed to take a lead role in initiating and implementing programs and projects for their designated portfolios during the rest of their term in office.
Following the 92nd CACCI Council Meeting held online on November 20 last year, the incumbent Vice Presidents were requested to indicate which of the CACCI activities they prefer to be responsible for to help achieve CACCI’s objectives of promoting the interest of CACCI members.
After sorting out their indicated preferences, CACCI President Mr. Samir Modi have assigned each of the CACCI Presidents to take the lead in the following CACCI activities:
Policy advocacy – Mr. Peter McMullin (Australia)
Participation in Inter-governmental organizations involved in regional cooperation (e.g., ASEAN, APEC, etc.) – Sheikh Fazle Fahim (Bangladesh)
Strengthening of relationships with other regional and international business organizations (ICC, Eurochambres, etc.) – Rifat Hisarciklioglu (Turkey)
Promoting trade and investments among CACCI member countries – Teruo Asada (Japan)
Information exchange program (publications, social media, etc.) – Henry Kao (Taiwan)
Annual Council meetings and Conferences – Dr. Pedram Soltani (Iran)
Each of the Vice Presidents has been requested to propose programs and projects for his designated portfolio.
Research Study Proposal on “Resurrecting The World Trading System”
Background In 1990, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) commissioned the Centre for International Economics (CIE) in Australia to undertake a study and report entitled “Western Trade Blocs“ which was launched at a CATO Institute event – (Please see page 5 of the September/October 1990 issue of the Cato […]
Research Study Proposal on “Resurrecting The World Trading System”
Background
In 1990, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) commissioned the Centre for International Economics (CIE) in Australia to undertake a study and report entitled “Western Trade Blocs“ which was launched at a CATO Institute event – (Please see page 5 of the September/October 1990 issue of the Cato Policy Report which can be accessed and downloaded through the following link: https://www.cato.org/sites/cato.org/files/serials/files/policy-report/1990/10/v12n5.pdf). The report was then presented at a number of subsequent meetings including the ICC World Council meeting of that year.
Back when CACCI did the “Western Trade Blocs” study the issue was “Fortress Europe”, shutting out Asia and there was no satisfactory trade analysis model ‘on the shelf ‘ at the time to show what was at stake. This CACCI did and it was helpful in addressing the issue. It led to briefings of the Taiwanese Cabinet (and President) and high-level meetings around the world.
Now, 30 years on and with pandemic, trade tensions, military tensions, the rise of China and the rules-based order faltering, CACCI is again willing to undertake a contemporary study on trade liberalisation.
The context of the trade issue facing business across Asia and globally has now changed. Now, the issue is the demise of the global trading system and extreme uncertainty about the future. Most CACCI member nations are medium or small players in the global system with much at stake in a global multilateral system of stable and predictable rules governing international trade and investment.
It is a deep-seated problem, not easy to fix (otherwise we would have fixed it by now), hence, requiring significant resources and commitment to solving.
While issues with the WTO and other institutions are well known, governments have struggled to overcome these and have allowed confidence in these institutions that have been in place for many decades, to become seriously eroded.
Business now needs to step into the breach and provide detailed analysis of the current situation and the reforms needed to support the world in a post-COVID growth phase that will be needed by all.
The CACCI study also comes at a time when leadership of both the WTO and the OECD are being renewed. The WTO Ministerial Council (MC12) has been delayed and is now being planned to be held in Nur-Sultan, Kazakhstan in June 2021.
The outcomes of the CACCI study will assist to inform and support WTO reform to ensure that the next generation of growth has the appropriate institutional framework for rules-based trade. The CACCI report should be ready in time for the MC 12 meeting currently planned for June 2021.
The project will comprise of a contemporary study and macroeconomic assessment covering the following issues:
(1) The world trading system as a public good
The multilateral trading system is a global public good that can aid exchange and investment to the benefit of everyone, currently provided under a set of international agreements supervised by the WTO.
(2) The demise of the trading system and WTO
This system is breaking down:
Failure of Doha Round (despite millions of dollars spent)
Rising protection, especially NTB’s – the most pernicious sort!
Resort to trade sanctions to get geopolitical aims (eg nuclear disarmament in Iran, human rights in Hong Kong etc)
Outright trade wars (e.g., between US and China)
The proliferation of FTA’s, many of which are not welfare-enhancing
Failure of dispute settlement body
Rising uncertainty with lower investment
(3) Why this breakdown matters?
This breakdown matters enormously:
Costs x% of world GDP and y% lower investment (results from a global macro model)
While it is in each country’s interests to open trade unilaterally, acting together offers far larger gains and lower adjustment costs
(4) Why has the breakdown happened?
The breakdown has happened for several reasons:
Inconsistencies, loopholes, confusion in current rules that give mixed messages to the public about the benefits of global trade
Lack of institutional repair as things have changed (e.g., data sharing, knowledge and technology transfer, IP, how to handle SOE’s, etc.)
Trying to get trade policy to do too much in areas it has no business (e.g., human rights, labour standards – need to “stick to its knitting”)
Geopolitical realignment and lack of hegemony – US-China shift
Lack of genuine transparency and informing domestic constituency about benefits and costs of barriers to trade and investment
(5) What to do to fix the system
The way forward is to address these shortcomings:
Need to revise, revamp existing loopholes, remove inconsistencies, simplify rules down to core elements (especially Rule #1 and Rule #3)
New rules to address new issues
Deal with global issues in the right fora – “stick to trade and commerce knitting” (e.g., human rights to the human right commission, etc.)
Introduce genuine domestic transparency on trade policies
Have the new Secretary General of the WTO set up an expert panel (as was done before in the Leutwiler report) to nut out these issues
Steering Committee for CACCI Study on World Trading System Formed
As part of preparations for the conduct of the CACCI research study on “Resurrecting the World Trading System”, a Steering Committee has been formed to ensure that the study is conducted in an orderly way and the agreed timelines and expectations are met. Composed of CACCI officers and other selected CACCI members, the Committee is […]
Steering Committee for CACCI Study on World Trading System Formed
As part of preparations for the conduct of the CACCI research study on “Resurrecting the World Trading System”, a Steering Committee has been formed to ensure that the study is conducted in an orderly way and the agreed timelines and expectations are met.
Composed of CACCI officers and other selected CACCI members, the Committee is expected to play an important role in helping the research to achieve its potential by providing valuable comments and inputs on the substance and coverage of the research study.
The study will cover the following topics: (a) The world trading system as a public good; (b) The demise of the trading system and WTO; (c) Why this breakdown matters; (d) Why has the breakdown happened; and (e) What to do to fix the system. The study is seen as an opportunity to reposition CACCI as a serious policy advocate for the business sector (and in particular small business) on a global scale.
“TOBB Digitalization Virtual Fair” on January 26-27, 2021
CACCI is pleased to invite its members to join the Union of Chambers and Commodity Exchanges of Turkey’s (TOBB) “TOBB Digitalization Virtual Fair ” to be held on January 26-27, 2021. To be open 24 hours a day, the two-day Virtual Fair aims to enhance the digital transformation process of SMEs and to eliminate the […]
“TOBB Digitalization Virtual Fair” on January 26-27, 2021
CACCI is pleased to invite its members to join the Union of Chambers and Commodity Exchanges of Turkey’s (TOBB) “TOBB Digitalization Virtual Fair ” to be held on January 26-27, 2021.
To be open 24 hours a day, the two-day Virtual Fair aims to enhance the digital transformation process of SMEs and to eliminate the lack of information and to provide access in this field. By attending the event, participants will not only be able to conduct one-on-one meetings with companies from different sectors, but also join webinars on topics of: (1) Digital transformation in economy; (2) The key of digitalization: 5G and the internet of things; and (3) The new normal: digitalization.
For more information on the event as well as on registration, interested parties may wish to visit the official website at: https://tobb.org.tr/sanalfuar/ , or contact TOBB directly via the following e-mail: sanalfuar2021@tobb.org.tr .
CACCI Profile – January edition available
Taipei – The January 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The January 2021 issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Council endorses research study on “Resurrecting the World Trading System”
CACCI Council members at the recently concluded 92nd CACCI Council Meeting held on November 20, 2020 approved the proposal made by the CACCI Advisory Board to commission a research study on “Resurrecting the World Trading System.” In 1990, CACCI commissioned the Centre for International Economics in Australia – under the leadership of Dr. Andrew Stoeckel […]
CACCI Council endorses research study on “Resurrecting the World Trading System”
CACCI Council members at the recently concluded 92nd CACCI Council Meeting held on November 20, 2020 approved the proposal made by the CACCI Advisory Board to commission a research study on “Resurrecting the World Trading System.”
In 1990, CACCI commissioned the Centre for International Economics in Australia – under the leadership of Dr. Andrew Stoeckel – to undertake a study and report entitled “Western Trade Blocs”. Today, some 30 years on and with the pandemic, trade tensions, military tensions, the rise of China and the rules-based order faltering with the World Trade Organization (WTO) losing its way, it was proposed that CACCI should again conduct a contemporary study on trade liberalisation. To this end, several CACCI Officers, among them Advisory Board Chariman Mr. Kenneth Court, President Samir Modi, CACCI Vice President Mr. Peter McMullin, and Mr. Bryan Clark from the Australian Chamber of Commerce and Industry (ACCI) — once again approached Dr. Stoeckel – currently Honorary Professor at the Centre for Applied Macroeconomic Analysis at the Australian National University – to prepare a proposal on the research study.
The new study will cover the following topics:
The world trading system as a public good
The demise of the trading system and WTO
Why this breakdown matters
Why the breakdown happened
What to do to fix the system
The research study is estimated to be completed within 12 months, with the final draft ready in 10 months. Review of the final draft is expected to be completed in one month, with an additional month to incorporate comments. The CACCI Council agreed on the importance of the proposed study to help address current issues surrounding trade and investment, while at the same time raising the profile of CACCI as a serious policy advocate for the business.
Samir Modi, CACCI President and Executive Director, K. K. Modi Group
The current global market environment – with many countries more concerned with national security and economic self-interests, leading to a rise in nationalism and protectionism regionally and globally – has made the issue of trade liberalization less of a priority among many economies. And given the growing trend to pursue bilateral economic relationships among many countries, the prevailing circumstances are expected to have further adverse impact on multilateral relationships. It is therefore an opportune time to examine how the world trading system has deteriorated to its current state, and what can be done to remedy the situation. The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), with its initiative to conduct the study on “Resurrecting the World Trading System”, hopes to focus efforts to the right questions and processes to achieve this important objective.
Mr. Kenneth Court, CACCI Advisory Board Chairman and CACCI President Emeritus
In a time of better communications and rapid decision-making, the resolution of international trade disputes needs to be simplified. A clear mechanism enabling prompt decision-making will not only assist business but also lead to more open dialogue between nations.
Mr. PeterMcMullin, CACCI Vice President and Board Member, ICC Australia
The proposed CACCI trade study is a vital piece of leadership at this critical stage in our collective history.
As we all know, the world trading system is in disarray, and needs a reset. The study will diagnose the problem, and suggest possible and practical solutions. The CACCI Steering Committee will provide the necessary oversight of the study, and ensure that it remains focussed on the task at hand.
In the post Covid-19 environment, we all need to find ways to build back better, stronger and differently. Doing nothing is not an option for any of our valued members.
We owe it to the rich and productive history of CACCI to embrace this study, and to promote it not only with our members in the Asia-Pacific region, but with the entire global community. As trade is foundational to the economic recovery, I think it is in all our interests to seek to advocate that recommendations from the study are adopted by the broader business community and its many organisations.
Dr. Pedram Soltani, CACCI Vice President and Former First Vice President, ICCIMA
The world is in the midst of drastic changes and the impacts of such changes have grappled the world trade. Protectionism has never been so threatening the globalization since the inception of WTO. Asia, the driving force of the global trade growth in the 21st century, has to be more sensitive to such threats. CACCI, as a continent-wide organization for the private sector, has correctly and timely felt the exigence of paying attention to the headwinds of the World Trading System.
The future of the world trade should be more protected by those players who have a higher stake in shaping it. I am privileged to be a member of the steering committee of the research project about flaws and present challenges of the world trade system, run by the CACCI and believe it could be a flagship work of this multilateral institution.
CACCI Secretariat tours MiTAC Corp.
CACCI Deputy Director-General Mr. Amador Honrado (8th from left, front) joined other representatives in Taiwan of embassies and trade and economic offices from other countries during their visit to MiTAC Information Technology Corp. held on October 20, 2020. Organized by the Taiwan External Trade Development Council (TAITRA), the visit to MiTAC – a Taiwanese electronics […]
CACCI Deputy Director-General Mr. Amador Honrado (8th from left, front) joined other representatives in Taiwan of embassies and trade and economic offices from other countries during their visit to MiTAC Information Technology Corp. held on October 20, 2020.
Organized by the Taiwan External Trade Development Council (TAITRA), the visit to MiTAC – a Taiwanese electronics company established in 1982 – provided the participants the opportunity to get a better understanding of Taiwan’s capabilities as one of the leading ICT providers in the world. MiTAC has a wealth of experience in system integration and has participated in numerous projects in other countries, such as the Philippines and Indonesia, among others. MiTAC’s businesses cover mobile and automotive solutions, client computing solutions and enterprise solutions that are tailor made to satisfy regional and global market requirements.
SME Development Council’s newsletter available
Taipei – CACCI is pleased to share with its members the Eleventh Volume of the SME Development Council’s newsletter under the Chairmanship of George Abraham. Please click here to read or download. We hope that this publication will provide its readers with adequate information about the latest developments in the small and medium enterprise (SME) sector in […]
Taipei – CACCI is pleased to share with its members the Eleventh Volume of the SME Development Council’s newsletter under the Chairmanship of George Abraham. Please click here to read or download.
We hope that this publication will provide its readers 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.
Thank you, and with best regards.
Ernest Lin Director-General
CACCI
CACCI Profile – November edition available
Taipei – The November issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The November issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Profile – December edition available
Taipei – The December issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The December issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
Nominations for CACCI Awards Extended to 31 May 2021
As agreed by the CACCI Council Meeting held on November 20, 2020, we wish to advise you that: The deadline for submission of online nomination for the four CACCI Awards, namely the 9th Local Chamber Awards, 8th Asia-Pacific Young Entrepreneur Award, 3rd Asia-Pacific Woman Entrepreneur Award, and 4th Hydropower and Clean Energy Excellence Award, […]
Nominations for CACCI Awards Extended to 31 May 2021
As agreed by the CACCI Council Meeting held on November 20, 2020, we wish to advise you that:
The deadline for submission of online nomination for the four CACCI Awards, namely the 9th Local Chamber Awards, 8th Asia-Pacific Young Entrepreneur Award, 3rd Asia-Pacific Woman Entrepreneur Award, and 4th Hydropower and Clean Energy Excellence Award, will be extended to June 30, 2021; and
The final selection of winners and the presentation ceremony of the Awards will be made during the Virtual 35th CACCI Conference to be held on November 2, 2021.
We encourage your Chamber to participate in the CACCI Awards Program and submit your online nominations for each of the following four Award categories by clicking on the appropriate space below:
Should you have further questions, please do not hesitate to let us know by e-mail at cacci@cacci.biz.
Thank you, and best regards.
Sincerely yours,
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry
ICC Saudi Arabia Chairman holds Online Meeting with CACCI Secretariat
Mr. Yassin Alsuroor, Vice Chair of the International Chamber of Commerce (ICC) and concurrently Chairman of ICC Saudi Arabia (and Executive Chairman of A’amal Group), touched base with executives of the CACCI Secretariat on July 13 to discuss the possibility of CACCI organizing a webinar during the upcoming B20 Summit tentatively scheduled on October 26- […]
ICC Saudi Arabia Chairman holds Online Meeting with CACCI Secretariat
Mr. Yassin Alsuroor, Vice Chair of the International Chamber of Commerce (ICC) and concurrently Chairman of ICC Saudi Arabia (and Executive Chairman of A’amal Group), touched base with executives of the CACCI Secretariat on July 13 to discuss the possibility of CACCI organizing a webinar during the upcoming B20 Summit tentatively scheduled on October 26- 27, 2020.
The B20 is a forum through which the private sector produces policy recommendations for the annual meeting of the Group of 20 (G20) leaders. The B20 brings together business leaders from across G20 member countries to reflect the key role of the private sector as the main driver of strong, sustainable and balanced growth. The B20 Summit serves as the occasion for the B20 members to present their final policy recommendations to the G20 Presidency. CACCI has been invited to participate in the activities of B20 in previous years. This year’s B20 is chaired by Saudi Arabia.
92nd CACCI Council Meeting – virtual on 20 November 2020
With the ongoing Covid-19 pandemic continuing to prevent people from taking foreign trips, CACCI is left with no choice but to hold this year’s 92nd CACCI Council Meeting in a virtual format. The virtual meeting of CACCI members will be held on November 20th 2020, from 02:00 pm to 04:00 pm, Taipei time, with the […]
92nd CACCI Council Meeting – virtual on 20 November 2020
With the ongoing Covid-19 pandemic continuing to prevent people from taking foreign trips, CACCI is left with no choice but to hold this year’s 92nd CACCI Council Meeting in a virtual format.
The virtual meeting of CACCI members will be held on November 20th 2020, from 02:00 pm to 04:00 pm, Taipei time, with the Federation of Indian Chambers of Commerce and Industry (FICCI) as supporting organization. It is hoped that all Primary Members will be represented in the Council Meeting, given its virtual nature.
To be chaired by CACCI President Mr. Samir Modi, this year’s gathering of the CACCI Council, which is the governing body of the Confederation, will be reviewing the activities of CACCI since the last meeting in November 2019 held in Dhaka, Bangladesh, the proposed CACCI Work Program for the next two years, preparations for the 2021 CACCI Conference, the proposed budget for 2021, and proposals for new projects and research study, among others.
The annotated meeting agenda, the link to the meeting platform, and other relevant details was send to the designated representatives of Primary Members prior to the meeting. The latest tentative agenda can be viewed as follows:
Virtual 92nd CACCI Council Meeting
November 20, 2020, 02:00 PM – 04:00 PM, Taipei Time
TENTATIVE AGENDA
(1) Call to Order
(2) Approval of Tentative Agenda
(3) Approval of the Previous Minutes
(4) Report of the Director-General
(5) Financial Report
(6) Membership Report
(7) Report of the Advisory Board
(8) Election of CACCI Officers for 2020-2022
(9) Consideration of the Framework for the 2020-2022 CACCI Work Program
(10) Report of the CACCI Budget Commission
(11) Update on the CACCI Awards
9th Local Chamber Awards
8th Asia-Pacific Young Entrepreneur Award
3rd Asia-Pacific Woman Entrepreneur Award
4th Hydropower and Clean Energy Award
(12) Preparations for the 35th CACCI Conference
(13) Creation of the CACCI Planning Committee
(14) Other Matters
(15) Resolution of Thanks to FICCI
(16) Adjournment
CACCI Profile – October edition available
Taipei – The October issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The October issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
34th CACCI Conference Virtual on October 30th, 2020 “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market”
CACCI wishes to remind all its members, associates and friends to register – if you have not done so already – for the virtual 34th CACCI Conference to be organized by the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), with the support of the Federation of Indian Chanmbers of Commerce and Industry (FICCI), […]
34th CACCI Conference Virtual on October 30th, 2020 “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market”
CACCI wishes to remind all its members, associates and friends to register – if you have not done so already – for the virtual 34th CACCI Conference to be organized by the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), with the support of the Federation of Indian Chanmbers of Commerce and Industry (FICCI), on October 30, 2020 from 2:00 PM to 03:45 PM, Taipei Time.
Focusing on the theme “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market”, this year’s CACCI Conference – the first-ever to be held by CACCI in an online format – will feature speakers who will elaborate on their perspectives on current trends, challenges, and uncertainties in the world market environment and geopolitical landscape, and the role of governments and businesses in mitigating the impact of these market developments and global disruptions on the economy and business operations. The webinar participants will therefore have the opportunity to explore what the new normal might look like and prepare for it, to better understand the current landscape they are operating in, and to know what they need to do to resume operations and achieve business recovery. Attached is a copy of the latest Conference Program.
Focus Areas of Discussion
(1) How the Asian economies are being shaped by the COVID-19 containment measures
(2) The Challenge of Restoring the Multilateral Trading System
(3) The China-US Trade Friction and its Impact on the Global Economy
Register in advance for this complimentary virtual Conference through the following link:
Taipei – The September issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The September issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
“Achieving Sustainable Growth in a Turbulent and Disruptive Global Market” – Virtual 34th CACCI Conference October 30, 2020
The virtual Conference will feature invited speakers who will exchange views on current trends, challenges, and uncertainties in the world market environment and geopolitical landscape, and the role of governments and businesses in mitigating the impact of these market developments and global disruptions on the economy and business operations. It aims to provide the […]
“Achieving Sustainable Growth in a Turbulent and Disruptive Global Market” – Virtual 34th CACCI Conference October 30, 2020
The virtual Conference will feature invited speakers who will exchange views on current trends, challenges, and uncertainties in the world market environment and geopolitical landscape, and the role of governments and businesses in mitigating the impact of these market developments and global disruptions on the economy and business operations. It aims to provide the participants the opportunity to explore what the new normal might look like and prepare for it, to better understand the current landscape they are operating in, and to know what they need to do to resume operations and achieve business recovery.
Proposed Program
(As of September 21, 2020)
02:00pm – 02:05pm Welcome Statement by FICCI President Dr. Sangita Reddy
02:05pm – 02:10pm Opening Remarks by CACCI President Mr. Samir Modi
02:10pm – 02:30pm Keynote Speech by Dr. Rajiv Kumar, Vice Chairman, NITI Aayog
02:30pm – 02:50pm Presentation by Mr. Abdul Abiad, Director, Macroecononic Research Division, Economic Research and Regional Cooperation Department, Asian Development Bank
02:50pm – 03:10pm Presentation by Dr. Andrew Stoeckel, Honorary Professor, Centre for Applied Macroeconomic Analysis, Australian National University
03:10pm – 03:30pm Presentation by Mr. Richard Koo, Chief Economist, Nomura Research Institute (To be confirmed)
Virtual 34th CACCI Conference on “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market” in October 30th 2020
CACCI invites members, associates and friends to join the virtual 34th CACCI Conference to be held on October 30, 2020. Focusing on the theme “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market.” the virtual Conference will feature invited speakers and panelists who will exchange views on current developments, challenges and disruptions in the […]
Virtual 34th CACCI Conference on “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market” in October 30th 2020
CACCI invites members, associates and friends to join the virtual 34th CACCI Conference to be held on October 30, 2020.
Focusing on the theme “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market.” the virtual Conference will feature invited speakers and panelists who will exchange views on current developments, challenges and disruptions in the regional and world market environment and geopolitical landscape and how these impact on the economies and business operations of the region.
The CACCI Secretariat is currently coordinating with the Federation of Indian Chambers of Commerce and Industry (FICCI) on the preparations for the virtual Conference. Members will be duly notified as soon as the Conference Program and other relevant arrangements are finalized.
The three areas of discussion to be presented are:
(1) The emerging challenges in the global environment such as the ongoing US-China trade war, US sanctions on certain economies, the protracted Hong Kong protest movement, security-related challenges, the COVID-19 pandemic, and natural and man-made disasters; and how to mitigate their negative impact on the economy and on business.
(2) How the Asian economies are being shaped by the Covid-19 containment measures and the resulting reduction in mobility, weak external demand, and disruptions in global and regional supply chains.
(3) The need of businesses for digital transformation to achieve sustainable growth, for training and management of the workforce to meet market challenges, and the role of businesses in mitigating the impact of market disruptions (such as the Covid-19 pandemic, climate change and other natural or man-made disasters) on their business operations as well as on their customers.
We look forward to your participation in our virtual gathering this year. Should you have questions at this stage, please do let us know by writing to cacci@cacci.biz
CACCI Profile – August edition available
Taipei – The August issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The August issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
MHP is Newest CACCI Lifetime Special Member
PrJSC Myronovskiy Hliboproduct (MHP), a vertically integrated agrarian holding headquartered in Kiev, Ukraine, has become the newest Lifetime Special Member of the Confederation of AsiaPacific Chambers of Commerce and Industry (CACCI). MHP is the leading Ukrainian producer of poultry products, with a total production of more than 700,000 tons per year. The company exports its […]
PrJSC Myronovskiy Hliboproduct (MHP), a vertically integrated agrarian holding headquartered in Kiev, Ukraine, has become the newest Lifetime Special Member of the Confederation of AsiaPacific Chambers of Commerce and Industry (CACCI). MHP is the leading Ukrainian producer of poultry products, with a total production of more than 700,000 tons per year.
The company exports its products to more than 70 countries. It has production facilities in the Netherlands, Slovenia, and Slovakia, and a distribution office in the UAE. MHP’s vertically-integrated business model provides an ability to control the quality of products “from the field to fork”.
MHP owns and operates modern facilities at each of the key stages of chicken production processes: grain and fodder production; egg incubation and grow-out; processing; marketing; and sales and distribution. This enables maintenance of strict biosecurity standards throughout the entire production process and enhances quality control.
As part of its verticallyintegrated business model, MHP grows corn, sunflower and soya to support its chicken production. Grains such as wheat and rape are also grown for sale to third parties. The company leases agricultural land located primarily in the highly fertile black soil regions of Ukraine. MHP is headed by its CEO and major shareholder Yuriy Kosyuk.
CACCI meets with Indian Representative in Taiwan
CACCI Director-General Mr. Ernest Lin (2nd from right) had a lunch meeting on July 15, 2020 in Taipei with Mr. Rishikesh Swaminathan Ravikumar, Deputy Director-General of India Taipei Association (3rd from left). They were joined by Mr. Guann-Jyh Lee, Deputy Director-General, Bureau of Foreign Trade, Ministry of Economic Affairs, Republic of China (Taiwan) (right); Dr. […]
CACCI Director-General Mr. Ernest Lin (2nd from right) had a lunch meeting on July 15, 2020 in Taipei with Mr. Rishikesh Swaminathan Ravikumar, Deputy Director-General of India Taipei Association (3rd from left).
They were joined by Mr. Guann-Jyh Lee, Deputy Director-General, Bureau of Foreign Trade, Ministry of Economic Affairs, Republic of China (Taiwan) (right); Dr. Madhu Cherukury, CEO, Allgenesis Biotherapeutics Inc. (2nd from left); and CACCI Deputy Director-General Mr. Amador Honrado (left).
Discussions focused on business and investment opportunities for Indian companies in Taiwan, among others.
CACCI Profile – June edition available
Taipei – The June issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The June issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
Young Entrepreneur newsletter available
CACCI is pleased to make available the 21st edition of Young Entrepreneur Group Asia-Pacific, the newsletter of the Young Entrepreneur Group of Asia-Pacific (YEGAP) under the chairmanship of Ms. Anna Marie Periquet from the Philippines. We hope that this edition– and the future ones– will continue to serve as an effective platform for an exchange […]
CACCI is pleased to make available the 21st edition of Young Entrepreneur Group Asia-Pacific, the newsletter of the Young Entrepreneur Group of Asia-Pacific (YEGAP) under the chairmanship of Ms. Anna Marie Periquet 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
Thank you and best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI
CACCI Profile – July edition available
Taipei – The July issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE. 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 […]
Taipei – The July issue of the monthly CACCI Profile newsletter is available in PDF format and ready for download HERE.
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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Tourism newsletter available
Taipei – CACCI is pleased to inform all members that the 22nd Volume of CACCI Tourism Newsletter under the Chairmanship of Mr. Anura Lokuhetty from Sri Lanka is available for download. 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, […]
Taipei – CACCI is pleased to inform all members that the 22nd Volume of CACCI Tourism Newsletter under the Chairmanship of Mr. Anura Lokuhetty from Sri Lanka is available for download.
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 wendy.yang@cacci.org.tw
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI
XIV CACCI Health & Education newsletter available
Taipei – We are pleased to inform you that the fourteenth Volume of CACCI Health & Education Newsletter has been formally issued. You can download the newsletter HERE. We hope that this publication will serve as an effective platform for an exchange of information among the sector of health and education in the CACCI region. Members are, therefore, encouraged […]
We hope that this publication will serve as an effective platform for an exchange of information among the sector of health and education in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to wendy.yang@cacci.org.tw
Request for Project Proposals for Funding by the CACCI Foundation
CACCI would like to invite Chamber members to submit formal proposals on projects that they wish to be financed by the CACCI Foundation. As members are aware, the CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship and the development of small and medium enterprises (SMEs). […]
Request for Project Proposals for Funding by the CACCI Foundation
CACCI would like to invite Chamber members to submit formal proposals on projects that they wish to be financed by the CACCI Foundation.
As members are aware, the CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship and the development of small and medium enterprises (SMEs). The ultimate objective is to assist chambers in Asian developing countries to become sustained contributors to the economic development of the private sector.
Since its establishment, the CACCI Foundation has helped finance the following four projects (pictured above), with each one receiving US$5,000:
(1) “Youth Business Sri Lanka Programme” in Sri Lanka – Managed by the Ceylon Chamber of Commerce, the Programme provided assistance (in the form of a loan of US$500 and mentoring support) to enterprising youths who have viable business plans but do not have financial resources;
(2) “Life Forever Beautiful-Organic Mongolia” in Mongolia – An initiative of the Mongolian National Chamber of Commerce and Industry (MNCCI), the project was aimed at procuring yak’s milk from herders, with the view to creating a foundation for milk production.
(3) “Promoting Women Entrepreneurship Through Development of SMEs” in Bangladesh – Initiated by the Barisal Women Chamber of Commerce and Industry (BWCCI), the project assisted the entrepreneurial development of women, especially the less fortunate ones, in Barisal, which is an old port located some 353 kilometers from Dhaka in southern Bangladesh.
(4) “Empowering Women Entrepreneurs in Cosmetic Industry” in Mongolia – The MNCCI project is primarily aimed at strengthening the capacity of female-owned cosmetic companies by conducting training to some 200 employees (both women and men) of the 30 Mongolian companies engaged in the manufacture of end-use cosmetics.
CACCI calls on all Chambers to submit their formal proposals on projects – either ongoing or still to be implemented – that encourage entrepreneurship and promote the growth and development of SMEs, thereby helping us achieve the objective of the CACCI Foundation.
To serve as your guide in preparing the project proposal, please download HERE, a copy of the Project Proposal Framework outlining the suggested elements of the project proposal.
We would appreciate it very much if you could submit to us your project proposal/s by August 15, 2020, if possible.
Should you have further questions, please write to cacci@cacci.biz.
Nominations to 2020 CACCI Awards extended to November 30th
Due to the Covid-19 pandemic which has led to lockdown in many countries and thereby resulted in the decision to hold the virtual 34th CACCI Conference instead of having a face-to-face meeting, CACCI wishes to advise that: (a) The deadline for submission of online nomination for CACCI Awards, namely the 9th Local Chamber Awards, […]
Nominations to 2020 CACCI Awards extended to November 30th
Due to the Covid-19 pandemic which has led to lockdown in many countries and thereby resulted in the decision to hold the virtual 34th CACCI Conference instead of having a face-to-face meeting, CACCI wishes to advise that:
(a) The deadline for submission of online nomination for CACCI Awards, namely the 9th Local Chamber Awards, 8th Asia-Pacific Young Entrepreneur Award, 3rd Asia-Pacific Woman Entrepreneur Award, and 4th Hydropower and Clean Energy Excellence Award, will be Online nomination extended to November 30, 2020; and
(b) The final selection of winners and the presentation ceremony of the Awards will be made during the 35th CACCI Conference to be held in Wellington, New Zealand in 2021, instead of the original schedule of October 2020 in Taipei.
CACCI encourage your Chamber to participate in the CACCI Award Program and submit your online nominations for each of the following four Award categories by clicking on the appropriate space below:
Should you have further questions, please do not hesitate to CACCI by e-mail at cacci@cacci.biz.
Virtual conference on “Roadmap Towards Back-to-Business for Asia Pacific Countries”
CACCI is pleased to invite members, partners and friends to participate in the virtual conference on “Roadmap Towards Back-to-Business for Asia Pacific Countries” jointly organized by CACCI and the Federation of Indian Chambers of Commerce and Industry (FICCI) on June 2, 2020, at 11:30 AM, India time. As you are well aware, the COVID-19 pandemic […]
Virtual conference on “Roadmap Towards Back-to-Business for Asia Pacific Countries”
CACCI is pleased to invite members, partners and friends to participate in the virtual conference on “Roadmap Towards Back-to-Business for Asia Pacific Countries” jointly organized by CACCI and the Federation of Indian Chambers of Commerce and Industry (FICCI) on June 2, 2020, at 11:30 AM, India time.
As you are well aware, the COVID-19 pandemic has triggered economic and social shocks globally, sparing no nation from its devastating multi-dimensional impacts, further exacerbating existing vulnerabilities and inequalities and leading to immense suffering in regions around the world. With the economic fallout from the global spread of COVID-19 continuing to increase, FICCI and CACCI have invited representatives from selected CACCI member chambers – including those from Japan, the Philippines, Australia, Sri Lanka, Turkey, Georgia, Bangladesh and India – to convene online for a panel discussion.
The panelists will share information and their insights on: (a) the expected impact of the health crisis on their respective economies; (b) what the business sector and government authorities in their countries are doing to mitigate the impact of the crisis on the economy and to safeguard business operations; (c) what measures are currently being set in place as part of efforts to put back the economy and businesses on the road to recovery; and (d) the challenges – and opportunities – that their markets face at the present time and what businesses have learned from this situation.
Hereunder are the relevant details on the virtual conference.
Event: Roadmap towards back to business for Asia Pacific Countries
Date and time: Tuesday, June 2, 2020 11:30 am India Time (Mumbai, GMT+05:30)
Duration: 1.5 hours
Description: Roadmap towards back to business for Asia Pacific Countries
Event number: 913 359 754
Event password: INT2020
CACCI Joins Virtual 15th ASEAN-BAC JBCs Meeting
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) participated in the 15h ASEAN Business Advisory Council (ASEAN-BAC) Joint Business Councils (JBCs) meeting held via Zoom on May 15, 2020. Chaired by Dr. Doan Duy Khuong from ASEAN-BAC Vietnam and Vice President of Vietnam Chamber of Commerce and Industry (VCCI), and moderated by Mr. […]
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) participated in the 15h ASEAN Business Advisory Council (ASEAN-BAC) Joint Business Councils (JBCs) meeting held via Zoom on May 15, 2020.
Chaired by Dr. Doan Duy Khuong from ASEAN-BAC Vietnam and Vice President of Vietnam Chamber of Commerce and Industry (VCCI), and moderated by Mr. Gil Gonzales, Executive Director of ASEAN-BAC Secretariat, the two-hour virtual meeting discussed possible JBC response to COVID-19 and the way forward. Among others, the participants considered the ASEAN Secretariat Report on the economic impact of the COVID-19 pandemic and proposed policy recommendations. Representatives of each of the JBCs also provided updates on their recent and upcoming activities to help mitigate the impact of the pandemic.
Representing CACCI during the video conference was Mr. George Abraham, Chairman of the CACCI SME Development Council and Chairman and Managing Director of The GA Group Pte Ltd. from Singapore, Also in attendance were CACCI Director-General Mr. Ernest Lin and Deputy Director-General Mr. Amador Honrado Jr.
In his report to the meeting, Mr. Abraham:
Cited the disparate nature of the impacts of the COVID-19 pandemic across nations in the region. He noted that Australia and New Zealand are just about out of the virus critical stages with highly successful lockdowns and are now moving towards the reopening of our economies to international travel. Other nations in the region, on the other hand, are not so fortunate.
Underscored the importance of the update of digital technology and to cement the gains and not see a return to the “old ways” post crisis. Especially related to trade and trade facilitation such as trade documents. However, across Asia there are still embedded systems that are constraining trade, especially much-needed health supplies as well as “normal trade” in goods and services that are vital to all economies across our region.
Stressed the need to counter the rise in nationalism and protectionism. Revision to “beggar thy neighbour” policies will see catastrophic consequences well beyond the virus. All business groups must champion free trade and seek to remove barriers to trade including tariffs and non-tariff barriers. This is also true for investment.
Cited the importance of movement of people for the economic success of the region, particularly for labour, education, and tourism, among others. Obviously, this can only be done when it is “safe” and appropriate protocols are observed for some time to come. Airlines and other industries dependent on movement of people will be critically disadvantaged if lockdowns continue too long.
Pointed out the need for the market to continue to operate. Businesses fail all the time. Stimulus measures should not be aimed at subsidising non-viable business – no matter how large they are. Subsidies are a transfer of taxpayer money to business and need to be rejected. The market-based systems of allowing business to flourish and provide jobs needs to be restored as quickly as possible in all nations.
CACCI joined the virtual meeting as an Associate Member of the ASEAN-BAC JBCs. The Confederation was admitted as Associate Member in June 2019.
CACCI Advisory Board Members hold virtual meeting
Members of the CACCI Advisory Board, composed of past and current Presidents of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), held a virtual meeting on May 20, 2020 to discuss how CACCI should adopt to the changing world brought about by the COVID-19 pandemic and maintain its relevance to its members. Presided […]
Members of the CACCI Advisory Board, composed of past and current Presidents of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), held a virtual meeting on May 20, 2020 to discuss how CACCI should adopt to the changing world brought about by the COVID-19 pandemic and maintain its relevance to its members.
Presided by Advisory Board Chairman Mr. Kenneth Court from Australia, the virtual meeting was attended by Mr. Harvey Chang from Taiwan, Amb. Benedicto Yujuico from the Philippines, Mr. Jemal Inaishvili from Georgia, and the incumbent CACCI President Mr. Samir Modi from India. Also in attendance were CACCI Secretariat officers led by Director General Mr. Ernest Lin as well as Ms. Aneesha Duggal, Special Assistant to Mr. Modi.
The Advisory Board members exchanged views and insights on how the Confederation can continue to serve and be of value to its members under the current circumstances and uncertainties caused by the pandemic.
Among other, they shared ideas on how to continue bringing members together during this time when congregating in person is not possible, how to assist and learn from each other as they face identical challenges across the region, how to maintain communications with and among members to keep them informed and learn from each other’s experiences; and how to move forward into the future under the so-called new normal created not only by the pandemic but also by the changing geopolitical and global economic landscapes.
The Advisory Board agreed to hold more virtual meetings on a regular basis to discuss issues that may arise during these difficult times and the critical things members can do together to see this through.
CACCI Food & Agriculture newsletter available
Taipei – We are pleased to inform you that the Fourteenth Volume of CACCI Food & Agriculture Newsletter, the publication of the Asian Council on Food and Agriculture, has been formally issued. You can download the newsletter HERE. We hope that this publication will serve as an effective platform for an exchange of information among the food & […]
Taipei – We are pleased to inform you that the Fourteenth Volume of CACCI Food & Agriculture Newsletter, the publication of the Asian Council on Food and Agriculture, has been formally issued.
We hope that this publication will serve as an effective platform for an exchange of information among the food & agriculture 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 wendy.yang@cacci.biz.
CACCI Profile – May edition available
Taipei – The May issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The May issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
Boston Consulting Group’s Perspectives on COVID-19
The Boston Consulting Group (BCG) shared with CACCI members the 3rd edition of the integrated BCG Perspectives document on COVID-19 to support them in navigating the turbulent times brought about by the pandemic which “has led to a global, societal crisis that needs to be addressed collaboratively by leaders worldwide.” According to BCG, the effects on […]
Boston Consulting Group’s Perspectives on COVID-19
The Boston Consulting Group (BCG) shared with CACCI members the 3rd edition of the integrated BCG Perspectives document on COVID-19 to support them in navigating the turbulent times brought about by the pandemic which “has led to a global, societal crisis that needs to be addressed collaboratively by leaders worldwide.”
According to BCG, the effects on the economy, sectors, business, and society are extraordinary, and they are challenging governments and business leaders globally to find tailored answers to urgent and important issues.
BCG believes that to navigate through the crisis, leaders need to take a multi-timescale perspective, preparing their responses across three phases: (1) FLATTEN the spread of the virus; (2) Collectively FIGHT the virus, preserve public health and progressively reopen sectors of economy and society; and (3) Prepare for the FUTURE. Organizations managing this change well, will emerge stronger from the crisis.
Hereunder are the major points of the report:
Many countries are starting to establish preconditions for a controlled restart, as COVID-19 continues to be a global challenge to societies
Governments’ actions and societal adherence continue to deliver results in flattening the curve; allowing us to consider relaxation of lockdowns
However, health care capacity (e.g. masks) and testing (e.g. currently unreliable serology) remain major issues
Business preparation (e.g. health protocols; workplace safety) and public response (e.g. revised social norms) are key to ensure a sustainable transition
Impact on economy, sectors, and business remains severe in 2020; rebound to pre-crisis levels not expected by end of 2021
Length of ‘Fight’ phase dependent on many unknowns; accelerated movement toward vaccine or treatment at scale could limit ‘Fight’ phase to 12-24 months; data from therapeutics will emerge in a few months—drugs likely to reduce severity of infection
Estimating the economic, sector, and business impact requires scenario-thinking to navigate the crisis
Current consumer sentiment suggests some willingness to resume activities post lockdown but not to pre-crisis levels (even with treatment)
Economic forecasts point to severe downturn in 2020—global rebound to pre-COVID levels not expected before 2021
Total shareholder returns (TSR) have rebounded over the last 20 days, most sectors still hit; there are clear winners even in hard hit sectors
To emerge stronger from the crisis requires fast, decisive action; business leaders need to concurrently think across multiple time horizons
To navigate through the crisis, leaders can leverage real-time, high-frequency, leading indicators to understand patterns and societal shifts
Experience from prior crises suggests that winners innovate to accelerate out of crisis and seek bold moves, e.g. M&A
We recommend nine action areas to business leaders that allow companies to emerge stronger
‘Winning the Fight’ improves odds to also ‘Win the Future’
BCG is an American management consulting firm founded in 1963. The firm has more than 90 offices in 50 countries, and is considered one of the three most prestigious employers in management consulting.
If you have questions on the report, please contact:
Il-Dong Kwon Managing Director & Partner M (HK, WhatsApp, Viber) +852 5665 4908, M (VN) +84 86 988 0362 kwon.ildong@bcg.com www.bcg.com
Theme and Topics of the 34th CACCI Conference in 2020
CACCI is pleased to inform members and friends that this year’s 34th CACCI Conference, which will be held on October 29-30, 2020 in Taipei, Taiwan, will carry the theme “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market”. Experts from the business sector, relevant government agencies, multilateral and regional organizations, and the academe will […]
Theme and Topics of the 34th CACCI Conference in 2020
CACCI is pleased to inform members and friends that this year’s 34th CACCI Conference, which will be held on October 29-30, 2020 in Taipei, Taiwan, will carry the theme “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market”.
Experts from the business sector, relevant government agencies, multilateral and regional organizations, and the academe will be invited to share their views during the Conference Plenary Sessions on the following topics:
Session One:
Emerging Challenges in the Global Landscape
The session will feature speakers who will share their views on the new and emerging challenges in the global environment such as the ongoing US-China trade war, US sanctions on certain economies, the protracted Hong Kong protest movement, security-related challenges, natural disasters, and corona virus pandemic; and how to mitigate their negative impact on business.
Session Two:
Embracing New Technologies and Innovation for Competitive Advantage
Discussions will focus on opportunities presented by new and emerging technologies (block chain, AI and machine learning, digital platforms, 3D printing, mobile payments, etc.) to make business more innovative, more efficient, less costly, and more responsive to the changing needs of customers.
Session Three:
Creating a Business Model for a Sustainable Future
Speakers – from both the private and government sectors -will be invited to share their insights and perspectives on how to create and maintain a sustainable business model that takes into account effective risk management, good governance, product and customer diversity, business ethics, fair employment policies, appropriate management methods, corporate social responsibility, the conservation of the environment, and other sustainable operating practices aimed at increasing the resilience of business operations.
Session Four:
CEO Forum – Business Strategies Amidst Global Market Disruptions
This session will feature CEOs who will exchange their views on current developments and challenges in the world market environment, the need for digital transformation of businesses to achieve sustainable growth, training and management of the workforce to meet market challenges, the role of businesses in mitigating the impact of climate change and other natural or man-made disasters on their business operations as well as on their customers.
In addition, this year’s Conference will once again feature a special session on “Discover Business Opportunities Through CACCI”. During this special session brief country presentations will be made by selected CACCI member chambers and CACCI Knowledge Partners on the economic situation and the trade and investment opportunities in their respective countries, or on special programs, projects, products or services of their respective organizations that have benefited their constituencies or the community they serve and may be adapted by CACCI members from other countries.
The Tentative Program for the Conference can be downloaded HERE. Other relevant information – e.g., hotel accommodation, registration procedure, etc. – will be sent to members as soon as these are available.
In the meantime, we would appreciate it very much if you could send us your suggestions on possible speakers, panelists, and chairman/moderator for each of the Conference sessions. Please let us know your thoughts by filling out the Speaker Suggestion Form and returning it to us through our e-mail at cacci@cacci.biz, or our fax number +886 2 2760 7569, if possible by April 15, 2020.
Once again, we count on your valuable participation for the successful outcome of the annual gathering this year. Should you have questions at this stage, please do not hesitate to let us know.
Thank you, and we look forward to seeing you at our Conference in Taipei, Taiwan on October 29-30, 2020.
Sincerely yours,
Ernest Lin Director-General CACCI
Trade Facilitation Newsletter available
CACCI is pleased to share with its members volume IX of the Trade Facilitation Newsletter. We hope that this publication will provide you with adequate information about the latest advances in trade facilitation among countries in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with […]
CACCI is pleased to share with its members volume IX of the Trade Facilitation Newsletter. We hope that this publication will provide you with adequate information about the latest advances in trade facilitation among countries 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.
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General CACCI
Invitation to suggest CACCI Product & Service Councils’ Representatives
CACCI wishes to follow up on our earlier request for your Chamber’s representatives in each of the following currently active CACCI Product and Service Councils (PSCs): Asian Council on Tourism (ACT) Asian ICT Council (AICTC) Asian Council on Food and Agriculture (ACFA) Asian Council on Health and Education (ACHE) Asian Council on Water, Energy, […]
Invitation to suggest CACCI Product & Service Councils’ Representatives
CACCI wishes to follow up on our earlier request for your Chamber’s representatives in each of the following currently active CACCI Product and Service Councils (PSCs):
Asian Council on Tourism (ACT)
Asian ICT Council (AICTC)
Asian Council on Food and Agriculture (ACFA)
Asian Council on Health and Education (ACHE)
Asian Council on Water, Energy, and Environment (ACWEE)
SME Development Council (SMEDC)
CACCI Women Entrepreneurs Council (CWEC)
Young Entrepreneurs Group Asia Pacific (YEGAP)
As you very well know, any organization is only as strong and effective as its members. We are therefore looking for representatives from your Chamber with the following qualifications:
Have a strong interest and commitment to actively participate in the programs and projects of the PSC;
Willing and financially capable to travel at least once a year to attend meetings of the PSC;
In a position to serve as an effective liaison between the PSC and the sectoral association in his/her country;
Proficient in English;
Eager and willing to render voluntary work for the PSC
Please send us the names and contact details of your designated representatives to each of the above-mentioned PSCs by filling out the attached Nomination Form, and sending it back to us through our Fax No. (886 2) 2760-7569, or by e-mail at cacci@cacci.biz.
In compliance with the approved Governance Framework and Terms of Reference for the PSCs, we would appreciate it very much if, from among your duly designated representatives in each PSC, you can name at most two of them whom you would want to serve in the Executive Committee (which is the governing body) of the PSC concerned,
We hope to hear from you by April 30, 2020 if possible. We will then invite your designated representatives to the 34th CACCI Conference to be held on October 29-30, 2020 in Taipei where they can participate in the breakout sessions of their respective s.
Your kind attention is most appreciated.
Thank you very much, and best regards.
Sincerely yours,
Ernest Lin Director-General CACCI
CACCI Profile – April issue available
Taipei – The April issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The April issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
SME Development Newsletter available
CACCI is pleased to share with its members the Tenth Volume of the SME Development Council’s newsletter. 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 […]
CACCI is pleased to share with its members the Tenth Volume of the SME Development Council’s newsletter. 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.
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI
Water, Energy & Environment Newsletter available
CACCI has the pleasure to present to its members the “Asian Council on Water, Energy and Environment (ACWEE)” newsletter, edition 9, 2020. This publication is a compendium of relevant news, reports, and analyses on recent developments in the water, clean energy and environment sector in Asia Pacific countries. Members are encouraged to contribute articles for […]
CACCI has the pleasure to present to its members the “Asian Council on Water, Energy and Environment (ACWEE)” newsletter, edition 9, 2020. This publication is a compendium of relevant news, reports, and analyses on recent developments in the water, clean energy and environment sector in Asia Pacific countries.
Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to mig.moreno@cacci.biz.
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General CACCI
34th CACCI Conference to be held on October 29-30, 2020 in Taipei, Taiwan
CACCI is pleased to inform all CACCI officers, members, and partners that the 34th CACCI Conference will be held on October 29-30, 2020 in Taipei, Taiwan This year’s gathering will be jointly hosted by the Chinese International Economic Cooperation Association (CIECA) and the Chinese National Association of Industry and Commerce (CNAIC). Relevant information – e.g., […]
34th CACCI Conference to be held on October 29-30, 2020 in Taipei, Taiwan
CACCI is pleased to inform all CACCI officers, members, and partners that the 34th CACCI Conference will be held on October 29-30, 2020 in Taipei, Taiwan
This year’s gathering will be jointly hosted by the Chinese International Economic Cooperation Association (CIECA) and the Chinese National Association of Industry and Commerce (CNAIC).
Relevant information – e.g., Tentative Program, hotel accommodation, registration procedure, etc. – will be sent to members as soon as these are available. In the meantime, may we request you to already block the dates in your calendar of events this year?
Once again, we are counting on your valuable participation for the successful outcome of our annual gathering this year. Should you have questions at this stage, please do not hesitate to let us know.
Thank you, and we look forward to seeing you all in Taipei in end-October.
With best regards. Sincerely yours,
Ernest Lin Director-General CACCI
Immediate Past CACCI President attends WCF General Council Meeting in Paris
Mr. Jemal Inaishvili, Immediate Past President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), represented CACCI in the meeting of the ICC World Chambers Federation (WCF) General Council held on February 12-13, 2020 in Paris. One of the highlights of the meeting was the formal presentation by each of the three chambers […]
Immediate Past CACCI President attends WCF General Council Meeting in Paris
Mr. Jemal Inaishvili, Immediate Past President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), represented CACCI in the meeting of the ICC World Chambers Federation (WCF) General Council held on February 12-13, 2020 in Paris.
One of the highlights of the meeting was the formal presentation by each of the three chambers bidding to host the 13th World Chambers Congress scheduled to take place in 2023. The three bidders are the Chamber of Commerce and Industry of the Russian Federation (a CACCI Primary Member), the Stavanger Chamber of Commerce and Industry from Norway, and the Geneva Chamber of Commerce , Industry and Services.
As a transnational chamber, CACCI is a Permanent Member of the ICC WCF General Council, the governing body of the WCF.
CACCI Profile – February issue available
Taipei – The February issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The February issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Joint Workshop on “Incoterms 2020 & Documentary Credits and Bank Guarantees”
CACCI plans to organize, in cooperation with interested Primary Members, two-day workshops on Incoterms 2020 & Documentary Credits and Bank Guarantees in the first quarter of 2020. The workshops will be conducted on a road-show format covering two or three countries. In this regard, we would like to know whether member Chambers are interested to […]
CACCI Joint Workshop on “Incoterms 2020 & Documentary Credits and Bank Guarantees”
CACCI plans to organize, in cooperation with interested Primary Members, two-day workshops on Incoterms 2020 & Documentary Credits and Bank Guarantees in the first quarter of 2020. The workshops will be conducted on a road-show format covering two or three countries. In this regard, we would like to know whether member Chambers are interested to host the workshop under a cost-sharing arrangement as outlined in the ANNEX 1 form.
As the international commercial terms 2020 (Incoterms 2020) are applicable starting January 1, 2020, being familiar with all changes and their impact is a must in the international trade and finance world. By attending this workshop, participants will be able to get the most adequate advice and solution to their needs. In addition, the workshop will also focus on model sales contracts, documentary credits and demand guarantees, as well as current developments in the trade finance – approaching digitalization.
Major outlines of the workshop include:
(1) Differences and similarities: Incoterms 2020 versus Incoterms 2010
What are the main changes in the new Revision? What has been discussed during the revision process and has been taken on board? What, on the other hand, has been left unchanged, despite the profound consultations?
(2) Direct and indirect impact on buyers and sellers sales contracts
What buyers and sellers should know about the changes to accommodate their needs in their contracts of sale? How to adjust the terms for one´s specific needs? Learn how to use standard model international sales contracts.
(3) Changes with possible impact on Letter of Credits operations
Which changes will have impact on the documentation and thus on documentary payments such as Letters of Credit? How to best reflect each Incoterm 2020 in the L/C terms and conditions? What are the common pitfalls and challenges when using the Letter of Credit as means of payment?
(4) Practical scenarios and different case studies to be aware of and/or to predict their impact while handling a Letter of Credit Practical studies to demonstrate proper use of the Incoterm trade terms in conjunction with Letters of Credit. E-term, F-terms, C-terms and D-terms: their particular challenges for the L/C users.
(5) Case studies on import and export Letter of Credit operations Cases to learn how to prevent common errors and problems when using documentary credits in importing and exporting goods.
(6) Bank Guarantees in international practice How to draft a proper terms and conditions of a bank guarantee, learning about various clauses, conditions.
(7) Digitalization of trade finance What are the current trends and developing solutions in the area of digitalization of international trade finance?
The proposed DAY 1 and DAY 2 of the program can be downloaded for consultation.
The two-day workshop will be conducted by Mr. Pavel Andrle, who is Secretary to the Banking Commission of ICC Czech Republic as well as Member of UCP 600 Consulting Group, ICC Banking Commission Global Supply Chain Finance Forum Working Group, ICC Task Force on Guarantees and ICC Banking Commission.
Please let us know if your Chamber is interested to host the proposed workshop under the proposed cost-sharing arrangements by filling out the RESPONSE FORM Form and returning it to us through our Fax No. (886 2) 2760-7569.
Thank you, and we hope to hear from you soon.
Ernest Lin Director-General CACCI
CACCI Profile – January issue available
Taipei – The January issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The January issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
Online Nomination for the 2020 CACCI Awards
We are pleased to announce the launching of the Online Nomination for the CACCI Awards to be presented during the 34th CACCI Conference to be held later this year. The awards aim to recognize and honor individuals, companies, and chambers not only for their outstanding achievements in their respective fields but also for providing services […]
We are pleased to announce the launching of the Online Nomination for the CACCI Awards to be presented during the 34th CACCI Conference to be held later this year.
The awards aim to recognize and honor individuals, companies, and chambers not only for their outstanding achievements in their respective fields but also for providing services that benefit the communities in which they operate.
We encourage your Chamber to participate in this year’s CACCI Award Program and submit your online nominations for each of the following four categories by clicking on the appropriate space below. Please use your GMAIL account in order to APPLY:
Should you have further questions, please do not hesitate to let us know by e-mail at cacci@cacci.biz.
Thank you, and best regards.
Sincerely yours,
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry
CACCI Food & Agriculture newsletter available
Taipei – We are pleased to inform you that the Thirteenth Volume of CACCI Food & Agriculture Newsletter, the publication of the Asian Council on Food and Agriculture, has been formally issued. You can download the newsletter HERE. We hope that this publication will serve as an effective platform for an exchange of information among the […]
Taipei – We are pleased to inform you that the Thirteenth Volume of CACCI Food & Agriculture Newsletter, the publication of the Asian Council on Food and Agriculture, has been formally issued.
We hope that this publication will serve as an effective platform for an exchange of information among the food & agriculture 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 wendy.yang@cacci.biz.
CACCI Profile – December issue available
Taipei – The December issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The December issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI 2019 Year-End Review available
CACCI is pleased to make available to its members a copy of the CACCI 2019 Year-End Review which summarizes our Confederation’s activities over the past year. CACCI would like to take this opportunity to thank its members for the cooperation and assistance they have extended in undertaking CACCI’s projects and programs in 2019. Without members’ […]
CACCI is pleased to make available to its members a copy of theCACCI 2019 Year-End Review which summarizes our Confederation’s activities over the past year.
CACCI would like to take this opportunity to thank its members for the cooperation and assistance they have extended in undertaking CACCI’s projects and programs in 2019. Without members’ help, CACCI would not have accomplished what it had set out to do for the year.
CACCI looks forward to members continued support of the CACCI and its activities in 2020, and CACCI hope to see members, friends and partners in our gatherings in the year ahead.
With best regards.
Sincerely yours,
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry
Why is there a backlash to Smart Cities?
An interview with Eugénie L. Birch Co-Director of the Penn Institute for Urban Research Eugenie Birch is the co-director of the Penn Institute for Urban Research and the Lawrence C. Nussdorf chair of Urban Research and Education. BRINK asked her whether she saw any common thread to these protests. Photo: Lionel Bonaventure/AFP via […]
An interview with Eugénie L. Birch
Co-Director of the Penn Institute for Urban Research
Eugenie Birch is the co-director of the Penn Institute for Urban Research and the Lawrence C. Nussdorf chair of Urban Research and Education. BRINK asked her whether she saw any common thread to these protests.
Photo: Lionel Bonaventure/AFP via Getty Images
Photo: A person speaks on the phone as they walk in front of buildings near Paris. People tend to think that their privacy is being invaded by devices that are being used under smart-city rubrics.
Eugenie Birch: Fear. What’s uniting the protests is fear. People tend to think that their privacy is being invaded by devices that are being used under smart-city rubrics. In addition, they’re fearful about how the government might use any data that it collects — and not only big government, but also corporations, who might be selling that data. There’s just a lack of transparency about what’s happening to data right now, and that then multiplies when one thinks about the increase in activity in smart cities.
BRINK: So in your view, it’s mainly a concern about the use of data, rather than necessarily an opposition to the use of technology itself?
Ms. Birch: Well, I think they’re intertwined. I also think there is a lack of rules around the use of technology, so that also makes people quite uncomfortable. Some of these complaints are justified because, in the face of an absence of control around the use of the collected data, it can be like the Wild West out there. Even the providers would welcome more transparency and accountability in this area.
BRINK: A lot of the protests seem to center on the question of transparency and communication between the companies, the local government and the people.
Ms. Birch:At the local level, you have mayors or advisers who are being pressured by many different companies that want to provide them with various services, and I think it’s difficult for them to make the choices.
A number of useful studies on smart cities have emerged recently on this issue. One is the Building a Hyperconnected City project by the ESI Thought Lab, a two year initiative surveying city leaders, companies and citizens about the uses of technology. Its key purpose is to understand their perceptions about the topic, while also developing metrics for assessing the return on investment of various smart city approaches.
By the way, I would like to tip my hat to higher-level bureaucrats in very large cities who are extremely knowledgeable and open to innovation. I live in New York City, and the ability to deliver water, collect garbage, provide transportation efficiently and regularly is just amazing. The care and scale with which these people engage in these activities is something to be admired.
With regard to the use of technology and its governance, I think having the conversations with these higher-level leaders is extremely important.
BRINK: You’ve been quoted as saying that you think that citizens need to be better educated on this issue. Can you give an idea of what you mean?
Ms. Birch: People have to understand how they’re being monitored right now. Just by carrying a cellphone, your location is known; just by using Google, your interests are known. So I think people should be more knowledgeable about how much is already known and being used in terms of their data.
Then, they need to think about the drawbacks and advantages of the use of this data. There needs to be a lot more conversation about what’s really going on today, in order to make educated judgments about the various proposals put forth in the name of smart cities.
BRINK: Do you have any guidance for companies as to how to engage with these cities in a way that is likely to be successful?
Ms. Birch:I personally have been involved in a number of tours by companies that have extremely interesting labs and applications. It would be very instructive for citizens and local decision-makers to see corporations demonstrate some of the very exciting capacities that they have developed, to the degree they’re able.
MasterCard has a program, for example, where it convenes city leaders, something like 30, 40 meetings a year around these topics. So having conversations with decision-makers, public and private, to understand their needs, their motivations, the difficulties that a politician might have with data — and the benefits that they can get from the use of data — I think is really important.
BRINK: As an urban planner, do you divide between good and bad uses of technology in cities?
Ms. Birch: As an urban planner, I am interested in making human settlements, cities, better places to live. The question is: In what ways can we use technology to do that? And multiple ways come to mind: from very practical public administration efficiencies, such as traffic management, ensuring safety, delivering public health information and monitoring water main leakages, to devices to enhance democratic decision-making, including citizen participation in budgeting and reviewing land-use decisions.
In many places, these things are already in place. For example, traffic controllers have been using technological approaches for decades. In terms of safety, we have seen increasing surveillance in public spaces. My feeling is that such places are public, and if people are doing things they shouldn’t be doing in a public space, the cameras will record them, and the authorities will catch them — that’s OK.
An interesting case is the Quito bus monitoring system that, in the event of molestation, enables a person with a cellphone to send an SMS to the transport agency that immediately activates a siren in the bus and also allows the person to summon police to the next stop. This simple program has increased public transit use, especially by women, older persons and children.
In terms of quality of life, there are lots of rather simple things that are now happening to assist busy people get public services via technology.
BRINK: Is there a way to use technology to do better planning and urban design?
Ms. Birch: Oh absolutely, yes. Low-income, low-capacity countries experiencing rapid urbanization can keep track of this phenomenon with the use of remote sensing either by government-supported satellite services providing periodic maps or from private sector satellites, offering development in real time.
Within a very short time — a few days — you can watch the appearance and growth of a new informal settlement. This data is extremely useful in terms of figuring out what services are needed or if something appears in a vulnerable place and needs a quick response.
The original article can be read at Brink website HERE.
B2B Meetings during CACCI Conference in Dhaka
CACCI invites CACCI members to join the B2B Meetings on the sidelines of the 33rd CACCI Conference. Especially organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), this year’s host chamber, the B2B Meetings will be scheduled at 03:45 p.m. – 05:15 p.m. on November 27, 2019 at Padma Room, 1st Floor, […]
CACCI invites CACCI members to join the B2B Meetings on the sidelines of the 33rd CACCI Conference. Especially organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), this year’s host chamber, the B2B Meetings will be scheduled at 03:45 p.m. – 05:15 p.m. on November 27, 2019 at Padma Room, 1st Floor, Pan Pacific Sonargaon Hotel Dhaka.
By joining the B2B Meetings, CACCI members will be able to to explore potential business opportunities and cooperation with their counterparts from other countries as well as from the local.
Interested parties are requested to indicate their interest and business lines by notifying the CACCI Secretariat via e-mail: cacci@cacci.biz and the Conference Secretariat via: 2019cacci@fbcci.org by November 22, 2019.
You can download the latest Program HERE for your perusal.
Thank you, and we look forward to seeing you in Dhaka.
Sincerely yours,
Ernest Lin Director General CACCI
CACCI Profile – November issue available
Taipei – The November issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The November issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
“Discover Business Opportunities Through CACCI” Session During the 33rd CACCI Conference on November 26-27, 2019 in Dhaka, Bangladesh
CACCI wishes to invite all CACCI officers and members to participate in the “Discover Business Opportunities Through CACCI” Session to be held in conjunction with the 33rd CACCI Conference on November 26-27, 2019 in Dhaka, Bangladesh, This special session will feature country presentations by selected member chambers or key partner organizations of CACCI on current […]
“Discover Business Opportunities Through CACCI” Session During the 33rd CACCI Conference on November 26-27, 2019 in Dhaka, Bangladesh
CACCI wishes to invite all CACCI officers and members to participate in the “Discover Business Opportunities Through CACCI” Session to be held in conjunction with the 33rd CACCI Conference on November 26-27, 2019 in Dhaka, Bangladesh,
This special session will feature country presentations by selected member chambers or key partner organizations of CACCI on current economic conditions in their respective countries and opportunities for trade and investments, or on special projects or programs that have benefited their respective constituencies
Invited to make country presentations are the following:
Federation of Bangladesh Chambers of Commerce and Industry
Moscow Chamber of Commerce and Industry
Department of Trade and Industry of the Republic of the Philippines
Union of Chambers and Commodity Exchanges of Turkey
Chamber of Commerce Northern Territory
Attached is a copy of the latest Conference Program for your perusal. Updated information about the Conference will be sent to all members, and will be posted on the Conference and CACCI websites, as soon as they are available.
In the meantime, we encourage you to register for the event and make your hotel booking as early as possible. You may do so on-line by visiting the official Conference website at http://fbcci.org/2019cacci/
Once again, we are counting on your valuable participation for the successful outcome of our annual gathering this year. Should you have questions at this stage, please do not hesitate to let us know.
Thank you, and we look forward to seeing you in Dhaka..
Sincerely yours,
Ernest Lin Director-General CACCI
CACCI Profile – October issue available
Taipei – The October issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The October issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
Young Entrepreneur Groups from Taiwan and Thailand hold Networking Lunch in Taipei
Officers and members of the Third Wednesday Club Young Entrepreneurs Group (TWC YEG) joined with their visiting counterparts from the Young Entrepreneur Chamber of Commerce of Thailand and the Young Entrepreneur Council Bangkok during a Networking Luncheon held on October 4, 2019 in Grand Mayfull Hotel in Taipei, Taiwan. Above photos show the […]
Young Entrepreneur Groups from Taiwan and Thailand hold Networking Lunch in Taipei
Officers and members of the Third Wednesday Club Young Entrepreneurs Group (TWC YEG) joined with their visiting counterparts from the Young Entrepreneur Chamber of Commerce of Thailand and the Young Entrepreneur Council Bangkok during a Networking Luncheon held on October 4, 2019 in Grand Mayfull Hotel in Taipei, Taiwan.
Above photos show the key officers of the three organizations offering a toast to the attendees (above) and the 80-strong delegation from both sides posing for a group photo at the end of the luncheon (below photo).
The Taiwan side was led by Mr. Jerry Hsu, Chairman of TWC-YEG, and the Thailand side was headed by Ms. Prim Jitcharoongphorn, Deputy Secretary General of the Thai Chamber of Commerce. The occasion was graced by the presence of Ambassador Thongchai Chasawat from the Thailand Trade and Economic Office in Taiwan (photo below.)
Are intangibles now the most important asset class in the global economy?
Over the past half century, intangible assets have skyrocketed in terms of their saliency and criticality with respect to modern businesses. Often more difficult to value than physical assets, it is easy to miscalculate a business’s reliance on patents, trademarks, copyrights, trade secrets and similar intellectual property (IP) of the like. From a large technology […]
Are intangibles now the most important asset class in the global economy?
Over the past half century, intangible assets have skyrocketed in terms of their saliency and criticality with respect to modern businesses. Often more difficult to value than physical assets, it is easy to miscalculate a business’s reliance on patents, trademarks, copyrights, trade secrets and similar intellectual property (IP) of the like.
From a large technology company’s source code to a small entrepreneur’s medical device patents, unique IP is more often than not what unlocks considerable investment opportunities, growth and business innovation.
In the modern era, particularly in advanced economies such as the United States, IP matters should be a habitual concern for risk managers and general counsel across the board. Just as a business’s security department would aim to prevent office equipment and inventory from being stolen or misused, the same mindset should apply to the business’s (potentially much more valuable) intangible assets. While IP may demonstrate a more abstract and difficult risk to protect, it should nonetheless be top of mind, and there are new tools to manage and transfer intangible risks that are well-suited to protect these modern assets for the prudent modern business.
Photo: Win McNamee/Getty Images
Photo: The U.S. Supreme Court is shown after members of the court issued major rulings on copyright law in Washington, D.C. There are 13,000 intellectual property lawsuits filed in federal court each year in the U.S. alone.
The Majority of Company Value Is Now Intangible
Recognizing the evolution of IP as an integral part of business is a somewhat newer prospect; many industries have proven to be largely unprepared to protect some of their most vital assets. The World Intellectual Property Organization (WIPO) now claims that IP is the most valuable asset class on the planet. Their data suggests that through the 1980s, tangible assets accounted for around 80% of company value, and now, more than thirty years later, the reverse is the case, with 80% of company value composed of intangibles.
The IP merchant bank Ocean Tomo’s 2015 Intangible Asset Market Value Study said that the S&P 500’s intangible asset base accounts for 84% of the total value of the index, up by an astounding 52% since 1985.
This widespread economic shift has facilitated globalization and the rapid transmission of products and services throughout the world.
We have seen that stronger IP undoubtedly leads to more opportunities for businesses with foresight in terms of accessible financing, scalability, innovation and building as well as maintaining a unique, protectable and valuable brand. The U.S. Chamber of Commerce estimates that IP in the U.S. alone is worth around $6.6 trillion, which is more than the nominal GDP of any other country in the world. Furthermore, IP accounts for 52% of all U.S. merchandise exports, which amounts to nearly $842 billion.
Navigating the Risks of the Intangible Economy
Along with the opportunities for tremendous growth from which developed economies have benefitted for the past half century, the widespread transformation to a less tangible economy carries new problems for modern businesses. Few companies have developed or otherwise obtained sophisticated intellectual capital management capabilities, which would include effective risk management of their intangible assets.
There are 13,000 intellectual property lawsuits filed in federal court each year in the U.S. alone. IP litigation can create inordinate expenses for a business, with U.S. companies spending a total of $3.17 billion in 2018, notwithstanding any eventual settlements or damages owed. With average patent damage awards of $30 million from a settlement and $599 million from a plaintiff verdict, companies can absolutely not afford to be complacent.
Damages at these levels are clearly catastrophic for small businesses and entrepreneurs.
What makes the IP space all that much more litigious is the threat from both practicing entities (competitors or other operating companies), and nonpracticing entities (firms that hold IP assets but do not engage in commerce). Even if a company can prevail in an IP lawsuit, such victories often come at the expense of significant opportunity cost due to the distraction of resources caused by the activity of defending an IP lawsuit — not to mention the potential for an adverse impact on morale. Not surprisingly, some of the most litigious companies operate in particularly R&D-heavy industries, such as telecommunications and life sciences.
Intangible asset risks are not exclusive to small businesses or the high-tech industry. Just this past year, Belgian shoe company Shoe Branding Europe challenged the validity of the European Union trademark registration for Adidas’ three-stripe logo, after an attempt to obtain a trademark for its own two-stripe design was challenged by Adidas. The General Court of the European Union agreed with Shoe Branding’s assertion, a ruling that resulted in Adidas losing their trademark registration and no longer being able to prevent other companies from using the stripe designs that comprise their classic logo. Such challenges to a business’s IP assets can be highly detrimental to branding and, ultimately, profit.
Virtually no successful business would consider operating without the protection of property and casualty insurance.
Nevertheless, very few companies effectively insure their intangible assets, even though such less-physical assets often represent the most critical components of their success and survival. Traditional corporate insurance packages such as commercial general liability largely provide only a narrow sliver of intangible risk protection that is insufficient to provide adequate protection and thus inadequate for modern businesses.
Insuring Intangibles
For years, IP insurance programs were too expensive, offered insufficient limits, had limited data to apply to underwriting and were generally difficult to obtain.
Fortunately, a new set of comprehensive intangible asset risk-transfer products has emerged. Dedicated IP insurance policies can now provide a real opportunity for companies to manage and transfer IP-associated risks. There are four types of IP insurance products: contingency, residual, offensive and defensive.
Contingency insurance covers known risks. For example, a contingency policy might provide catastrophic loss protection for the defendant in a known, ongoing IP litigation.
Residual insurance policies backstop the valuation of intangible assets pledged as collateral to secure a loan.
Offensive insurance may cover the costs of IP enforcement and is closely aligned with litigation finance.
Defensive IP insurance, now being the most affordable and readily available of the four, protects a company’s registered IP and products or services from external attack and can backstop a company’s contractual obligations.
A robust defensive IP insurance policy will provide all three of the foregoing coverages, including protection from not only defense costs, but also damages (from settlements or judgments) in the case of an inbound infringement suit or contractual indemnification claim. The market will now even allow a company to tailor coverage by scheduling select registered IP, products and services or contractual indemnification obligations, as requested by the client.
The original article can be read at Brink website HERE.
Jason Sandler Associate at Marsh
Jason Sandler is an associate in Marsh’s financial and professional liability group (FINPRO), located in New York City. Jason is focused on bringing innovative solutions to market for Marsh’s clients, within the financial and professional lines of insurance.
Matthew Flug Senior Underwriter at Ambridge Partners Matthew Flug is a senior underwriter with Ambridge Partners and resident manager of the firm’s San Francisco office. He focuses on underwriting complex financial and transactional programs and developing innovative risk-transfer solutions in a rapidly evolving market.
Register online for 33rd CACCI Conference in Dhaka now!
CACCI is pleased to announce the launching of the official Conference website at http://fbcci.org/2019cacci/, which contains relevant information about the upcoming 33rd CACCI Conference to be held in Dhaka on November 26 & 27, 2019. We hope that the website information will further raise your interest to join us at our annual gathering this […]
Register online for 33rd CACCI Conference in Dhaka now!
CACCI is pleased to announce the launching of the official Conference website at http://fbcci.org/2019cacci/, which contains relevant information about the upcoming 33rd CACCI Conference to be held in Dhaka on November 26 & 27, 2019.
We hope that the website information will further raise your interest to join us at our annual gathering this year. Members, delegates and friends are encouraged to visit the website for on-line registration and hotel booking as early as possible.
Hosted by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), our Dhaka Conference will feature the theme of “Asia: At the Centre of a New World Order” and is designed to provide another valuable platform for CACCI members and invited experts to exchange views on measures that the business sector and governments in the region can undertake to address the challenges faced by businesses in the current market environment, as well as to take full advantage of the opportunities offered not just by markets in the Asia-Pacific region but by countries in other parts of the world.
Speakers from government, the private sector, and the academe will share their valuable perspectives in various sessions.
In addition, our Dhaka Conference also includes sectoral breakout discussions and concurrent sessions that will gather government and private sector leaders for dialogue and panel discussion on important sectoral issues pertaining to entrepreneurship, food safety and security and SME development, among others.
With this year’s gathering expected to bring together over 200 business leaders from at least 27 countries in the Asia-Pacific region, CACCI and FBCCI hope that discussions will be of commercial interest to the participants.
We are also confident that holding the CACCI annual gathering for the first time in Dhaka will further increase the knowledge of delegates about Bangladesh – its economy, its trade and investment potentials, its business and financial sectors, and its people and manpower resources – and help them establish contact with important decision makers in business and government of the host country.
Updated information about the Conference will be sent to all members, as well as posted on the Conference and CACCI websites, as soon as it is available.
Once again, we are counting on your valuable participation for the successful outcome of our annual gathering this year. Should you have questions at this stage, please do not hesitate to contact us at cacci@cacci.biz
CACCI Profile – September edition available
Taipei – The September issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The September issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
NZ Trade Minister thanks CACCI’s on Rules of Origin
Hon. Damien O’Connor, Minister of State for Trade and Export Growth of New Zealand, acknowledged with thanks the submission of CACCI of its Statement on Rules of Origin in Preferential Trade Agreements. CACCI President Mr. Samir Modi in early August this year submitted to the Ministers responsible for the Regional Comprehensive Economic Partnership (RCEP) Agreement […]
NZ Trade Minister thanks CACCI’s on Rules of Origin
Hon. Damien O’Connor, Minister of State for Trade and Export Growth of New Zealand, acknowledged with thanks the submission of CACCI of its Statement on Rules of Origin in Preferential Trade Agreements.
CACCI President Mr. Samir Modi in early August this year submitted to the Ministers responsible for the Regional Comprehensive Economic Partnership (RCEP) Agreement the CACCI Statement calling on governments party to bilateral and regional PTA negotiations to instruct their negotiators to ensure that their regional and bilateral agreements harmonise Rules of
Origin by following wherever possible the provisions and procedures of the Revised Kyoto Convention (2006), and embracing the principles of harmonisation contained in the WTO Trade Facilitation Agreement (2013).
In his acknowledgement letter to Mr. Modi, Minister O’Connor outlined the positions of the New Zealand on important RCEP-related issues, including the following:
Its commitment to ensuring that the procedures for making claims for preferential treatment are clear, transparent, and predictable;
Its support of self-declaration as the preferred proof of origin, but that you recognize the need to reach an agreed outcome that meets the needs of all;
Its assurance to seek, in the Customs chapter, the use of the provisions contained in the WTO Trade Facilitation (TFA) as a baseline, seeking to have TFA+ provisions where possible;
Its strong support for the simplification and drive for consistency in FTAs, including in RCEP
Minister O’Connor encouraged CACCI to participate in the public discussions being held by officials from New Zealand’s Ministry of Foreign Affairs and Trade on the ongoing negotiations of free trade agreements, including RCEP.
The RCEP is a proposed FTA between ten member countries of the ASEAN and the six Indo-Pacific starts with which ASEAN has existing trade agreements namely, China, Japan, South Korea, India, Australia, and New Zealand. RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia.
ICDF officers visit CACCI Secretariat
Officers of the International Cooperation and Development Fund of Taiwan (TaiwanICDF) led by Ms. Regine Liu; Ms. Yun-Ching Tseng; and Mr. Tim Tseng, on August 22 visited the CACCI Secretariat to meet Mr. Ernest Lin, Secretary-General; Mr. Amador Honrado, Deputy Secretary General and Ms. Wendy Yang, Sr. Officer. Both sides discussed possible areas of cooperation […]
Officers of the International Cooperation and Development Fund of Taiwan (TaiwanICDF) led by Ms. Regine Liu; Ms. Yun-Ching Tseng; and Mr. Tim Tseng, on August 22 visited the CACCI Secretariat to meet Mr. Ernest Lin, Secretary-General; Mr. Amador Honrado, Deputy Secretary General and Ms. Wendy Yang, Sr. Officer.
Both sides discussed possible areas of cooperation between the two organizations that would mutually benefit their respective stakeholders. Founded in 1996, TaiwanICDF assists developing countries in economic, social and human resource development and in promoting economic relationships among these countries through technical cooperation, lending and investment, international education and training, and humanitarian assistance.
Ms. Wendy Yag, Mr. Amador Honrado, Ms. Yun-Ching Tseng, Mr. Ernest Lin, Ms. Regine Liu and Mr. Tim Tseng
CACCI joins ASEAN-BAC Meetings in Bangkok
Mr. George Abraham, Chairman of the SME Development Council, represented CACCI in the 14th Joint Consultation Meeting with ASEAN + 1 Business Councils and Associations and other related meetings held by the ASEAN Business Advisory Council (ASEAN-BAC) on September 5-6, 2019 in Bangkok. It was the first ASEAN-BAC meeting attended by CACCI in its capacity as […]
Mr. George Abraham, Chairman of the SME Development Council, represented CACCI in the 14th Joint Consultation Meeting with ASEAN + 1 Business Councils and Associations and other related meetings held by the ASEAN Business Advisory Council (ASEAN-BAC) on September 5-6, 2019 in Bangkok. It was the first ASEAN-BAC meeting attended by CACCI in its capacity as Associate Member of the Joint Business Councils.
Mr. Abraham with ASEAN BAC Deputy Chairman Mr. Robert Yap at the ASEAN MSMEs Conference
Mr. Abraham and with participants of the Inclusive Business Network meeting
Mr. Abraham with ASEAN-BAC Chairman Mr. Arin Jira
CACCI Foundation offers funding
CACCI would like to invite Chambers to submit formal proposals on projects that you wish to be financed by the CACCI Foundation. The CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship and the development of small and medium enterprises (SMEs). The ultimate objective is to […]
CACCI would like to invite Chambers to submit formal proposals on projects that you wish to be financed by the CACCI Foundation.
The CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship and the development of small and medium enterprises (SMEs). The ultimate objective is to assist chambers in Asian developing countries region to become sustained contributors to the economic development of the private sector.
Since its establishment, the CACCI Foundation has helped finance the following three projects (pictured above), with each one receiving US$5,000:
(1) “Youth Business Sri Lanka Programme” in Sri Lanka – Managed by Ceylon Chamber of Commerce, the Programme provided assistance (in the form of a loan of US$500 and mentoring support) to enterprising youths who have viable business plans but do not have financial resources; and
(2) “Life Forever Beautiful-Organic Mongolia” in Mongolia – An initiative of the Mongolian National Chamber of Commerce and Industry, the project was aimed at procuring yak’s milk from herders, with the view to creating a foundation for milk production.
(3) “Promoting Women Entrepreneurship Through Development of SMEs” in Bangladesh – Initiated by the Barisal Women Chamber of Commerce and Industry (BWCCI), the project assisted the entrepreneurial development of women, especially the less fortunate ones, in Barisal, which is an old port located some 353 kilometers from Dhaka in southern Bangladesh.
We therefore call on your Chamber to submit to us your formal proposals on projects – either ongoing or still to be implemented – that encourage entrepreneurship and promote the growth and development of SMEs, thereby helping us achieve the objective of the CACCI Foundation.
Should you have further questions, please do not hesitate to let us know.
Thank you, and we hope to hear from you soon.
Ernest Lin Director-General, CACCI
CACCI Tourism newsletter available
CACCI is pleased to inform all members that the 20th Volume of CACCI Tourism Newsletter under the Chairmanship of Mr. Anura Lokuhetty from Sri Lanka is available for download. 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, […]
CACCI is pleased to inform all members that the 20th Volume of CACCI Tourism Newsletter under the Chairmanship of Mr. Anura Lokuhetty from Sri Lanka is available for download.
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 wendy.yang@cacci.org.tw
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General
Young Entrepreneur newsletter available
CACCI is pleased to make available the 20th edition of Entrepreneur Asia-Pacific, the newsletter of the Young Entrepreneur Group of Asia-Pacific (YEGAP) under the chairmanship of Ms. Anna Marie Periquet 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 […]
CACCI is pleased to make available the 20th edition of Entrepreneur Asia-Pacific, the newsletter of the Young Entrepreneur Group of Asia-Pacific (YEGAP) under the chairmanship of Ms. Anna Marie Periquet 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
Thank you and best regards.
Sincerely yours,
Ernest Lin Director-General
33rd CACCI Conference in Dhaka on November 26-27 – Brochure available
CACCI is pleased to provide its members and friends with brochure of the 33rd CACCI Conference which will take place on November 26-27, 2019 at Pan Pacific Sonargaon Hotel Dhaka. The brochure contains relevant information about this year’s gathering that we hope will further raise your interest to join us at our annual gathering this […]
33rd CACCI Conference in Dhaka on November 26-27 – Brochure available
CACCI is pleased to provide its members and friends with brochure of the 33rd CACCI Conference which will take place on November 26-27, 2019 at Pan Pacific Sonargaon Hotel Dhaka.
The brochure contains relevant information about this year’s gathering that we hope will further raise your interest to join us at our annual gathering this year.
Hosted by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), our Dhaka Conference will feature the theme of “Asia: At the Centre of a New World Order” and is designed to provide another valuable platform for CACCI members and invited experts to exchange views on measures that the business sector and governments in the region can undertake to address the challenges faced by businesses in the current market environment, as well as to take full advantage of the opportunities offered not just by markets in the Asia-Pacific region but by countries in other parts of the world.
Speakers from government, the private sector, and the academe will share their valuable perspectives in various sessions. In addition, our Dhaka Conference also includes sectoral breakout discussions and concurrent sessions that will gather government and private sector leaders for dialogue and panel discussion on important sectoral issues pertaining to entrepreneurship, food safety and security and SME development, among others.
With this year’s gathering expected to bring together over 200 business leaders from at least 27 countries in the Asia-Pacific region, CACCI and FBCCI hope that discussions will be of commercial interest to the participants. We are also confident that holding the CACCI annual gathering for the first time in Dhaka will further increase the knowledge of delegates about Bangladesh – its economy, its trade and investment potentials, its business and financial sectors, and its people and manpower resources – and help them establish contact with important decision makers in business and government of the host country.
Updated information about the Conference, including launch of the Conference website, registration procedures and hotel reservations, will be sent to all members, as well as posted on the Conference and CACCI websites, as soon as they are available. In the meantime, may we request you to already note down this event in your calendar of activities for 2019?
In the meantime, the Conference’s program is available just below for your consultation.
Once again, CACCI is counting on its members’ valuable participation for the successful outcome of our annual gathering this year. Should you have questions at this stage, please write to cacci@cacci.biz.
CACCI Presidential Visit to the Philippines on October 13-15, 2019
Following his highly successful visits earlier this year to Wellington, New Zealand on May 7-8 and to Tokyo, Japan on July 22-23, 2019CACCI President Mr. Samir Modi is inviting all CACCI officers and members to join him in another Presidential visit, this time to Manila, Philippines, which includes participation in the 45th Philippine Business Conference […]
CACCI Presidential Visit to the Philippines on October 13-15, 2019
Following his highly successful visits earlier this year to Wellington, New Zealand on May 7-8 and to Tokyo, Japan on July 22-23, 2019CACCI President Mr. Samir Modi is inviting all CACCI officers and members to join him in another Presidential visit, this time to Manila, Philippines, which includes participation in the 45th Philippine Business Conference and Expo. The itinerary of the CACCI Presidential Visit can be viewed below.
The Philippine Chamber of Commerce and Industry (PCCI) is hosting the visit and has prepared a Tentative Program, a copy of which is attached herewith. The whole Program starts on October 14 and ends on October 18.
Your participation in the Philippine visit will give you the valuable opportunity to gather first-hand information on the current economic and business situation in the host country, join the courtesy calls on government officials, and meet leading local businessmen.
The 45th Philippine Business Conference and Expo is the biggest annual gathering of local business and government leaders to be organized this year by PCCI on October 16-17. The Conference’s Program can be downloaded HERE.
Members of the CACCI delegation will therefore have the opportunity to meet and network with local chamber leaders from around the country. Attached herewith is a copy of the latest PBC&E Program for your perusal.
We will send you additional information on the visit (e.g. hotel accommodation, updated Tentative Program, etc.) as soon as these are available. In the meantime, should you wish to meet with specific businessmen in the Philippines, visit specific local companies or organizations, or conduct specific activities during the trip, please let us know so we can convey your request to PCCI for their consideration.
Please confirm you participation in the CACCI Presidential Visit by filling the CACCI CONFIRMATION FORM and returning to us by Fax (886 2 2760 1139) or e-mail (cacci@cacci.biz), preferably before September 20, 2019.
Should you wish to participate in the 45th Philippine Business Conference & Expo, kindly fill the CONFERENCE REGISTRATION FORM and submit to the Fax number and/or e-mail address indicated in the Form
We are also providing an informative PHILIPPINES REVIEW of the current conditions in the archipelago.
Please feel free to contact us at the Secretariat (cacci@cacci.biz) for any additional inquiries.
The 33rd CACCI Conference will be held in Dhaka, Bangladesh on November 26-27, 2019
CACCI wish to inform all CACCI officers and members that the 33rd CACCI Conference will now be held on November 26-27, 2019 in Dhaka, Bangladesh, with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) as the host chamber. The change in venue was made following the advice from Kitakyushu CCI, which originally offered […]
The 33rd CACCI Conference will be held in Dhaka, Bangladesh on November 26-27, 2019
CACCI wish to inform all CACCI officers and members that the 33rd CACCI Conference will now be held on November 26-27, 2019 in Dhaka, Bangladesh, with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) as the host chamber.
The change in venue was made following the advice from Kitakyushu CCI, which originally offered to host the Conference in Kitakyushu, Japan, that the Kitakyushu International Conference Centre – where they proposed to hold it – will not be available until late May 2020 at the earliest, which we deem would already be too late. Please accept our apologies for any inconvenience that the change in venue has caused you and your Chamber.
Holding the Conference in Bangladesh takes on added significance as it will be the first time that CACCI members will be visiting the country for the annual gathering. It will give them the opportunity not only to obtain first-hand information on the trade and investment opportunities Bangladesh has to offer, but also to network with the local business community and relevant government agencies. We are therefore grateful to FBCCI and its officers and members for confirming its willingness to host this year’s Conference.
The Tentative Conference Program can be viewed just below. We will be sending you more information about the Conference (updated Program, hotel information, registration procedure, and other relevant details) in due course. In the meantime, we encourage you to already mark the dates in your calendar of events.
Thank you for your continued support of CACCI and its activities, and we look forward to joining FBCCI in welcoming you to Dhaka in November.
Sincerely yours.
Ernest Lin
Director-General
CACCI
CACCI webinar on “Trade-based Money Laundering & Sanctions Risks” – September 18 – Free registration
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and Fintelekt Advisory Services (Fintelekt) are pleased to invite all CACCI members to participate in the FREE webinar on “Trade-based Money Laundering & Sanctions Risks” to be held on September 18, 2019 at 11:00am Kolkata, India time. (1) Background Corporates operating in the current complex […]
CACCI webinar on “Trade-based Money Laundering & Sanctions Risks” – September 18 – Free registration
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and Fintelekt Advisory Services (Fintelekt) are pleased to invite all CACCI members to participate in the FREE webinar on “Trade-based Money Laundering & Sanctions Risks” to be held on September 18, 2019 at 11:00am Kolkata, India time.
(1) Background
Corporates operating in the current complex and dynamic trade environment need to continually assess the risks to their business from trade-based money laundering as well as their exposure to sanctioned entities to avoid increasingly stringent enforcement actions and penalties being levied for breaches.
Although the banking industry is often under the global scanner when it comes to sanctions and transactions monitoring, companies with extensive trade supply chains as well as those with sales channels in multiple countries are at equally higher risk for sanctions violations. An up-to-date understanding of regulations and enforcement is critical to put in place compliant procedures and due diligence standards.
(2) Duration of the webinar: 90 minutes
(3) Key Issues to be covered:
3.1 Sanctions – latest trends and good practices in screening
Understanding the most recent global geopolitical developments, underlying consequences and recent trends in enforcement action. The session will also cover good practices in what and how often to screen.
3.2 Trade-based money laundering – challenges and inherent risks
The latest typologies used to launder money using the trade route, use of methods such as shell companies and tax havens, how can companies safeguard themselves against the risk of TBML.
3.3 Enhanced due diligence to understand complex ownership structures
The strategic use of data to manoeuver through complicated ownership patterns, especially among intermediaries and supply chain partners.
3.4 Audience Question and Answer session
(4) Who Should Attend?
Senior business leaders and managers from risk & compliance, finance, operations, logistics, legal, technology, treasury, sales and business development functions representing corporates and export houses.
(5) Registration Deadline: September 17, 2019
(6) Registration: Interested members may register through the following link:
(7) Certification
Registered participants will receive the presentation PDF files and an optional test after the presentation on September 18, 2019.
Participants that answer the optional Test before September 27, 2019 will receive a Certificate of Participation issued by CACCI and Fintelekt.
If you have further questions, please write to cacci@cacci.biz
CACCI invited to “Singapore International Energy Week 2019”
The Energy Market Authority (EMA) of Singapore is inviting CACCI members to attend the Singapore International Energy Week (SIEW) 2019 to be held on October 29 – November 1. CACCI is among the supporting organizations. Organized by The EMA, the four-day event is a platform in Asia for energy stakeholders to discuss energy issues that […]
CACCI invited to “Singapore International Energy Week 2019”
The Energy Market Authority (EMA) of Singapore is inviting CACCI members to attend the Singapore International Energy Week (SIEW) 2019 to be held on October 29 – November 1. CACCI is among the supporting organizations.
Organized by The EMA, the four-day event is a platform in Asia for energy stakeholders to discuss energy issues that impact the region. Annually, SIEW attracts over 13,000 delegates from more than 70 countries including energy ministers, industry captains and heads of international organizations. As global energy demand continues to grow, especially in Asia, SIEW 2019 will bring together energy stakeholders to discuss and drive the transformation towards a more sustainable energy future with the theme “Accelerating Energy Transformation”.
By attending the event, the participants will be able to exchange ideas and discussions on pertinent energy-related issues, understand the strategic objectives of Singapore’s commitment to becoming a global leader among energy companies, as well as to experience innovative products and solutions in the energy marketplace.
For more information on the event, please visit the following website: https://www.siew.sg/
CACCI invited to Sri Lanka Investment & Business Conclave 2019
CACCI would like to convey to you an invitation from the Ceylon Chamber of Commerce (CCC) to attend the “Sri Lanka Investment & Business Conclave 2019” which will be held on September 16-17, 2019 in Colombo, Sri Lanka. Focusing on bringing potential investors including business partners to Sri Lanka, the two-day event serves as a […]
CACCI invited to Sri Lanka Investment & Business Conclave 2019
CACCI would like to convey to you an invitation from the Ceylon Chamber of Commerce (CCC) to attend the “Sri Lanka Investment & Business Conclave 2019” which will be held on September 16-17, 2019 in Colombo, Sri Lanka.
Focusing on bringing potential investors including business partners to Sri Lanka, the two-day event serves as a strategic platform to connect SMEs globally and support them in meeting potential partners and financiers not only from Sri Lanka but also from other parts of the world. A special zone at Conclave 2019 venue will be devoted to SMEs to network, meet and explore opportunities of collaboration and partnership. All SMEs interested in this feature and would like to be promoted during Conclave 2019 are requested to register online through the Conclave 2019 portal.
In addition, it offers the perfect blend of opportunities aimed at enriching institutional, corporate and individual investors and business houses with a comprehensive set of guidelines for their investment decisions, and act as a networking opportunity for introductions to potential business partners with a view of establishing partnerships in Sri Lanka.
CACCI is pleased to present you herewith the Asian ICT Council’s newsletter, edition #7. We hope that this publication will provide you with adequate information about the latest advances in the information, communication and technology (ICT) market in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. Kindly forward your materials (preferably […]
We hope that this publication will provide you with adequate information about the latest advances in the information, communication and technology (ICT) market 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.
CACCI joins CoNGO in Bangkok
Bangkok – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) attended the Regional Committee in Asia-Pacific (RCAP) of the Conference of NGOs in Consultative Relationship with the United Nations (CoNGO) held on May 29-30, 2019 at the premises of Siam University in Bangkok, Thailand. The agenda for the meeting was “The UN Sustainable […]
Bangkok – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) attended the Regional Committee in Asia-Pacific (RCAP) of the Conference of NGOs in Consultative Relationship with the United Nations (CoNGO) held on May 29-30, 2019 at the premises of Siam University in Bangkok, Thailand. The agenda for the meeting was “The UN Sustainable Development Goals and Civil Society – National and Local Implementation and Follow-up”.
Representing CACCI at the Bangkok meeting was Mr. Amador R. Honrado, Jr., CACCI Deputy Director-General, who joined some 30 other officers and members of CoNGO in this year’s gathering. Also in attendance with Mr. Honrado was Ms. Allisson Hsu, Consultant of CACCI and Chief, Taiwan Technical Mission in the Kingdom of Thailand, International Cooperation and Development Fund (TaiwanICDF).
The other CoNGO member organizations that registered for the meeting included the following:
(1) Siam University
(2) Asia South Pacific Association for Basic and Adult Education
(3) Centre for Peace and Conflict Studies
(4) Christian Conference of Asia
(5) Coast Trust Bangladesh
(6) International Federation of Business and Professional Women
(7) International Planned Parenthood Federation, South Asia Region
(8) International Society of Geriatric Oncology
(9) Life Development Center
(10) Nonviolence International
(11) Pan-Pacific South East Asia Women’s Association
(12) Soka Gakkai International
(13) Southeast Asian Press Alliance
(14) Taiwan Alliance in International Development
(15) Taiwan District, Kiwanis International
(16) Taiwan Foundation for Democracy
(17) United Methodist Church, Global Board on Church and Society
(19) Vanguard Service Brigade
(20) Taipei Economic Cultural Office (Observer)
Chaired by CoNGO President Mr. Liberato Bautista and co-chaired by CoNGO First Vice President Mr. Cyril Ritchie, the two-day meeting aimed to examine case studies by NGOs/CSOs on implementation (regional, national, local) of the six Sustainable Goals (SDGs 4, 8, 10, 13, 16, 17) that are to be reviewed at the UN High Level Political Forum (HLPF) at the United Nations Headquarters in New York in July 2019.
Introduction & background on the meeting
In their introductory remarks, President Bautista and First Vice President Mr. Ritchie pointed out that CoNGO and RCAP are committed to Agenda 2030 and to mobilization and action to achieve the Sustainable Development Goals (SDGs). They explained that since the adoption of the 17 SDGs by the United Nations General Assembly in September 2015, NGOs and CSOs throughout the world – including those in the Asia-Pacific region – have set to work to make the Goals meaningful to the populations they serve, working in concert with governments, communities, academia and other stakeholders.
NGOs/CSOs advocate with governments at national and local level to achieve meaningful commitment to implementation of the Goals. The HLPF reviews each July the progress and the gaps on achieving the SDGs. This is done on a rotation basis, and in 2019 the HLPF will review the following Goals:
(a) Quality Education
(b) Decent Work and Economic growth
(c) Reduced Inequalities
(d) Climate Action
(e) Peace, Justice and strong institutions
(f) Partnerships for the Goals
Mr. Bautista and Mr. Ritchie said that NGOs/CSOs throughout the Asia-Pacific are working in many different ways and at many different levels on the six SDGs up for review at this year’s HLPF. Thus for the Bangkok Meeting of RCAP on May 39-30, CoNGO invited a wide range of Asia-Pacific NGOs/CSOs to present and discuss their substantive on-the-ground experience in advocating for and implementing one or more of the above six SDGs.
The participating NGOs/CSOs were requested to focus their discuss good practices, such as what initiatives have worked, what cooperation mechanisms with other stakeholders have proven valuable; as well as core challenges, such as what impediments have arisen in cooperation and outreach; and lessons learned, including what new mobilization actions and channels are needed and/or foreseen to make progress on SDG implementation.
The CoNGO officials said that the presentations on each of the six SDGs made at the Bangkok meeting of the RCAP would serve as the focus of analysis, lessons learned, and new cooperation – whether at country or regional level. They explained that following the RCAP session in Bangkok, CoNGO is expected to produce a synthesis which will be fed into the 2019 HLPF. They added that on an ongoing basis, all of these processes would serve also to enhance NGO/CSO relationships with and input to the UN Economic and Social Council for Asia and the Pacific (UN ESCAP), the prime regional intergovernmental body promoting the SDGs. They expressed their hopes that, taking account of existing interactions and structures linking NGOs/CSOs with ESCAP, the May 2019 meeting of RCAP in Bangkok would further foster long-term and enhanced cooperation.
Sumary of CACCI Presentation
Ms. Allison Hsu made the presentation on behalf of CACCI. Hsu’s presentations focused on the “Case Studies on Training Education and Better Jobs.”
The case studies – mainly from ICDF’s various programs – presented how NGOs can support beneficiaries find decent jobs by providing formal and non-formal education and training. The case study underscored the importance of human capital as the foundation for all business, and that in the Asia-Pacific region, formal education is vital to gaining access to decent jobs.
The study pointed out that for people who are not able to achieve tertiary education, education training or on-the-job training can improve the quality of employment, adding that for the people cannot afford higher education and those who seek better positions, international NGOs/NPOs can provide solutions to them.
The case studies presented by Ms. Hsu demonstrated the strategies, methods and outcomes of providing education and training in the Asia-Pacific region and how it helped to promote inclusive and sustainable economic growth, employment and decent work for all. Among the examples she highlighted on formal education were ICDF’s International Higher Education
Scholarship Programs for Asia-Pacific students focusing mainly on agriculture and fisheries, public health and medicine, business and management, engineering and science, and human resources. On the other hand, nonformal education programs offered to participants from Asia-Pacific countries focused mainly of health care personnel training, professional workshops on agriculture biodiversity, circular agriculture, water management, and youth entrepreneurship development.
She also highlighted ICDF’s Technical and Vocational Education and Training (TVET) program that aims mainly to improve the employability of the youth and women in the small developing island states in the Pacific region, by fostering professional skills through training and building capacity for micro-business start-up.
Among the recommendations presented by the case studies included the following:
(a) Providing affordable and quality technical, vocation and tertiary education for all, and covering both youth and adults in formal and non-formal education and training;
(b) Achieving full and productive employment and decent work for all women and men, and developing and operationalizing a global strategy for youth employment and implementing the Global Jobs Pact of the International Labour;
(c) Enhancing the Global Partnership for Sustainable Development complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of SDGs
Other presenters
The other presenters included the following:
(a) Soka Gakkai International (SGI) – SGI is a lay Buddhist Association of constituent organizations in 192 countries and territories. It was originally founded in 1930 in Japan as a group of educators who were concerned about the then education systems during wartime and stroke to practice Soka Education or Value-Creating Pedagogy.
In essence, Soka education is a humanistic process that nurtures wisdom and enables the individual’s potential to bloom to the fullest while setting the happiness of children as the utmost priority. It was regarded a radical idea under fascist militarism at that time,
This idea has very much endured and is alive today in SGI, which now has a general membership of people from all walks of life. The presenter was Mr. Hiro Sakurai, Director, SGI.
(b) Siam University – Since its founding in 1965, Siam University has become the fifth largest private university with a student body containing over 15,000 students across 13 programs, including an International and Graduate Program. The University also offers its students opportunities to work and study abroad for valuable experiences. Siam University is affiliated with more than twenty universities and institutions on four continents, including the Philippines and Japan. In its commitment to each and every student’s future, Siam University has devised a set of 3 Pillars, named employability, sustainability, and diversity. In line with these three pillars, the university has set three main objectives, namely:
(i) Empower and prepare students to become significant leaders and operators in international environments; (ii) Utilize cutting-edge research and innovative methods to preserve academic advancement and infinite wisdom as an unwavering effort to achieve virtue among the ASEAN community and other world markets.; and (iii) Maintain Asian ethnics and preservation of individuality among nations along with clear understanding and recognition of its cultural diversity. The presenter was Mrs. Chanita Rukspollmuang, Vice President, Siam University.
(c) Asia South Pacific Association for Basic and Adult Education (ASPBAE) – The ASPBAE is a regional network of more than 200 civil society organisations and individuals operating in around 30 countries of the Asia-Pacific. ASPBAE works towards promoting the right to quality education and transformative and liberating lifelong adult education and learning for all. Through its work, ASPBAE lobbies with governments to uphold education as an empowering tool to combat poverty and all forms of exclusion and discrimination, enable active and meaningful participation in governance, and build a culture of peace and international understanding. ASPBAE works to ensure that the internationally agreed goals, especially Sustainable Development Goal 4 on education, its targets, indicators, and framework of action are translated in robust education sector plans at the country level; the resources required to meet the full agenda are mobilised and judiciously applied; and that the processes and mechanisms for accountability, coordination, capacity building, and monitoring of Education 2030 are set up, with the institutionalised participation of civil society, including representative organisations of learners, teachers/educators, parents, and youth. The Presenter was Ms. Cecilia Soriano, Officer, ASPBAE.
(d) Pan-Pacific South East Asia Women’s Association (PPSEAWA) – The PPSEAWA is the only international women’s organization devoted to families, peace and understanding in the Pacific and Southeast Asia. Since the founding of PPSEAWA in 1928, in Honolulu, Hawaii, its membership has grown to 23 national associations, many having several local chapters. It is an all- volunteer organization and is financed by contributions from individuals, organizations, and PPSEAWA member associations. Continued monitoring of and participation in various United Nations bodies have enable PPSEAWA to inform its members and help them identify areas where they can be of assistance by mobilizing local support.
PPSEAWA branches in individual countries, also known as National Member Organizations, have local programs to further the education, health, security, economic empowerment, and human rights of women and girls, especially those who are marginalized and vulnerable. The presenter was Mrs. Mondhiya Bhangsbha, President, PPSEAWA.
(e) Taiwan Alliance in International Development (Taiwan AID) – Taiwan AID is a platform for Taiwan-based NGOs with nearly 30 members working all over the world. Members are involved in various sectors, such as medical service, education, information, gender issues, emergency relief, community development, human trafficking, humanitarian assistance, and volunteer service. Taiwan AID is an NGO platform with the aim of strengthening transparency, efficiency and cooperation among Taiwan-based NGOs involved in international humanitarian aid with the value of humanity, equality, justice, and sustainable development. Its mission includes:
(i) Facilitate an interaction platform for international cooperation, such as seminar; (ii) Facilitate capacity building to improve professional services; (iii) Promote concept of international development through public education; (iv) Advocate and facilitate international development policies; (v) Establish principles, ethics and regulations of international development and assistance; and (vi) Make other efforts in favor of international development. The presenter was Ms. Nina H. L. Kao, Board Member, Taiwan AID.
(f) Centre for Peace and Conflict Studies (CPCS) – Founded in 2008, CPCS is a Cambodia-based NGO, working in the field of peacebuilding and conflict transformation in Asia. Its aim is to strengthen strategic intervention into armed conflict with the overall goal of reaching sustainable and positive peace in the Asia region. Given Cambodia’s experience of passing from carpet bombing to genocide, to civil war, to peace process, rehabilitation and now relative peace, CPCS considers the country as a vital and critical basis for regional learning. While CPCS does not undertake peacebuilding initiatives in Cambodia, it utilises the country’s rich post-war history and reconciliation efforts as a learning base for other contexts, as well as provide support to other Cambodian organisations focused on local peacebuilding initiatives. The Centre is home to a range of interconnected programmes and initiatives that are based on robust analyses and guided by CPCS’ theory of change. The presenter was Ms. Rachana Thummala, Programme Coordinator, CPCS.
(g) International Society of Geriatric Oncology (SIOG) – Founded in 2000, SIOG has been working to foster the development of health professionals in the field of geriatric oncology, for the optimization of treatment of older adults with cancer. SIOG was registered as a non-profit organisation under the Swiss Law in 2012. SIOG is a multidisciplinary team of oncology and geriatrics physicians, as well as allied health professionals and expert trainers with a unique collaborative approach to address the rising public health challenges related to ageing and cancer around the world. As of 2018, it counts over 1700 members in more than 80 countries worldwide. SIOG is powered by global collaborations to strengthen the national capacity for Human Resources for Health and to promote and advocate for SDG3 ‘Ensure healthy lives and promote wellbeing for all at all ages’. SIOG promotes efforts in 3 strategic directions: education, clinical practice, and research. The presenter was Ms. Barbara Ewals, Director for Partnerships, whose presentation focused mainly on why successful partnerships are important to the 2030 Agenda and elaborated on the guidelines for partnerships.
About Congo
Founded in 1948, the Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO) is an independent, international, non-profit membership association of nongovernmental organizations (NGOs). It facilitates the participation of NGOs in United Nations debates and decision-making. CoNGO is most active at the major UN centres of New York, Geneva and Vienna but its work stretches out to all regions of the world. CACCI, which was granted Consultative Status with the ECOSOC under the United Nations in 1970, joined CoNGO in 1979.
SME Development Council’s newsletter available
CACCI is pleased to present you herewith the Ninth Volume of the SME Development Council’s newsletter. We hope that this publication will provide you with adequate information about the latest advances in the small and medium enterprise (SME) market in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. Kindly forward your […]
We hope that this publication will provide you with adequate information about the latest advances in the small and medium enterprise (SME) market 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.
CACCI to join CoNGO Meeting in Bangkok
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) will attend the Conference of NGOs in Consultative Relationship with the United Nations (CoNGO) – of which CACCI is a member and join the CoNGO Regional Committee in Asia-Pacific (RCAP) on May 29-30, 2019 in Bangkok. The agenda for the meeting is “The UN Sustainable […]
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) will attend the Conference of NGOs in Consultative Relationship with the United Nations (CoNGO) – of which CACCI is a member and join the CoNGO Regional Committee in Asia-Pacific (RCAP) on May 29-30, 2019 in Bangkok. The agenda for the meeting is “The UN Sustainable Development Goals and Civil Society – National and Local Implementation and Follow-up”.
The RCAP is an initiative serving the widest non-governmental and civil society constituencies throughout this vast region. Being wholly committed to multilateral consultation and cooperation, to human rights, to social justice, to sustainable development and peace, CoNGO seeks – through RCAP – to be of service to the NGO/CSO sector in Asia-Pacific. Among CoNGO’s core purposes are strengthening civil society interactions and mutual learning; facilitating the input and dialogue of civil society throughout the United Nations System; and generating opportunities for civil society and the UN to promote their shared values and goals.
CoNGO and its Regional Committee in Asia-Pacific are wholly committed to Agenda 2030 and to mobilization and action to achieve the Sustainable Development Goals (SDGs). Since the adoption of the 17 SDGs by the United Nations General Assembly in September 2015, NGOs and CSOs throughout the world – and not least in the Asia-Pacific region – have set to work to make the Goals meaningful to the populations they serve, working in concert with governments, communities, academia and other stakeholders. NGOs/CSOs advocate with governments at national and local level to achieve meaningful commitment to implementation of the Goals.
The UN High Level Political Forum on Sustainable Development (HLPF) reviews each July the progress and the gaps on achieving the SDGs. This is done on a rotation basis, and in 2019 the HLPF will review the following Goals:
Quality Education
Decent Work and Economic growth
Reduced Inequalities
Climate Action
Peace, Justice and strong institutions
Partnerships for the Goals
NGOs/CSOs throughout the Asia-Pacific are working in many different ways and at many different levels on the six SDGs up for review at this year’s HLPF. Thus for the 2019 RCAP in May in Bangkok, CoNGO is inviting a wide range of Asia-Pacific NGOs/CSOs to present and discuss their substantive on-the-ground experience in advocating for and implementing one or more of the above six SDGs. Issues will include good practices, such as what initiatives have worked, what cooperation mechanisms with other stakeholders have proven valuable; as well as core challenges, such as what impediments have arisen in cooperation and outreach; and lessons learned, including what new mobilization actions and channels are needed and/or foreseen to make progress on SDG implementation.
The presentations on each of the six SDGs will be made at RCAP 2019, and be the focus of analysis, lessons learned, and new cooperation – whether at country or regional level. Following the RCAP session, CoNGO will produce a synthesis which will be fed into the 2019 HLPF. On an ongoing basis, all of these processes will serve also to enhance NGO/CSO relationships with and input to the UN Economic and Social Council for Asia and the Pacific (UN ESCAP), the prime regional intergovernmental body promoting the SDGs. Taking account of existing interactions and structures linking NGOs/CSOs with ESCAP, RCAP 2019 will seek to foster long-term and enhanced cooperation.
CACCI Profile newsletter, May edition available
Taipei – The May issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The May issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
33rd CACCI Conference to be held in Kitakyushu, Japan
CACCI wishes to inform all its members and friends that, following the violent attacks that took place in and around Colombo on Easter Sunday last month, it has been decided to move its 33rd CACCI Conference – which was originally scheduled to take place on September 18-19, 2019 in Shangri-la Hotel Colombo with the Ceylon […]
33rd CACCI Conference to be held in Kitakyushu, Japan
CACCI wishes to inform all its members and friends that, following the violent attacks that took place in and around Colombo on Easter Sunday last month, it has been decided to move its 33rd CACCI Conference – which was originally scheduled to take place on September 18-19, 2019 in Shangri-la Hotel Colombo with the Ceylon Chamber of Commerce as host – to Kitakyushu City, Japan, at a date to be announced soon.
The Japan Conference will be jointly hosted and organized by the Kitakyushu Chamber of Commerce and Industry (Kitakyushu CCI) and the Japan Chamber of Commerce and Industry (JCCI), which graciously offered Kitakyushu City – situated in the Fukuoka Prefecture in southern Japan – to be the new venue of its 2019 annual gathering.
The CACCI Secretariat is currently coordinating with Kitakyushu CCI and the JCCI on the Conference arrangements, and will notify members of additional details soonest.
CACCI sincerely apologizes for any inconvenience this decision to change the venue of the 2019 Conference may have caused its members, chambers, and friends. CACCI was looking forward to having this year’s Conference in Colombo as originally agreed, however, rest assured that Sri Lanka would be re-considered as venue of its annual gathering in the future, when the situation in the country would have normalized.
CACCI is once again counting on its partners’ valuable participation for the successful outcome of its gathering in Kitakyushu this year. Should you have questions at this stage, please do not hesitate to contact CACCI at cacci@cacci.biz
Asian Council on Trade Facilitation’s newsletter available
CACCI is pleased to present you herewith the Eight Volume of the Asian Council on Trade Facilitation’s newsletter. We hope that this publication will provide you with adequate information about the latest advances in trade facilitation among countries in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. Kindly forward […]
We hope that this publication will provide you with adequate information about the latest advances in trade facilitation among countries 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.
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General CACCI
Asian Textiles & Garments Council’s newsletter available
Taipei – CACCI is pleased to make available the Sixth Volume of the Asian Textiles & Garments Council’s newsletter. We hope that this publication will provide you with adequate information about the latest developments in the textile and garments markets in the Asia Pacific region. Members are encouraged to contribute articles for our future issues. […]
We hope that this publication will provide you with adequate information about the latest developments in the textile and garments markets 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.
Thank you, and with best regards.
Sincerely yours,
Ernest Lin Director-General
CACCI joins ASEAN-BAC Business Council
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has been formally accepted as Associate Member of the Joint Business Council under the ASEAN Business Advisory Council (ASEAN-BAC). Its application was formally approved by the ASEAN BAC during its May 3 meeting in Manila, Philippines. The ASEAN-BAC was BAC established by the ASEAN Heads […]
The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has been formally accepted as Associate Member of the Joint Business Council under the ASEAN Business Advisory Council (ASEAN-BAC). Its application was formally approved by the ASEAN BAC during its May 3 meeting in Manila, Philippines.
The ASEAN-BAC was BAC established by the ASEAN Heads of State and Government at the 7th ASEAN Summit in November 2001 in Bandar Seri Begawan, Brunei Darussalam. Launched in April 2003, ASEAN-BAC was set up with the mandate to provide private sector feedback and guidance to boost ASEAN’s efforts towards economic integration. Aside from providing private sector feedback on the implementation of ASEAN economic cooperation, the Council also identifies priority areas for consideration of the ASEAN Leaders.
Accordingly, ASEAN-BAC’s activities are primarily focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration. To help them in this regard, the ASEAN-BAC invites a number of joint business councils with interest in ASEAN (e.g., ASEAN-US Business Council, ASEAN-India Business Council, Australia-ASEAN Business Council, etc.) to attend regular meetings for dialogues and exchange of ideas on how to improve regional cooperation.
As Associate Member of the Joint Business Council, CACCI will be invited to join these regular dialogues, and will have the opportunity to provide inputs to the recommendations that the ASEAN-BAC will present to the ASEAN Leaders.
In his Letter of Intent to the ASEAN-BAC Chairman Mr. Arin Jira from Thailand, CACCI President Mr. Samir Modi pointed out that, as a regional organization composed mostly of apex chambers of commerce and industry and business associations in Asia, CACCI is in a position to make significant contribution to the work of the Joint Business Council and the ASEAN-BAC in identifying issues to facilitate and promote economic cooperation and integration.
“Given the regional nature and geographical scope of our organization, I believe CACCI will be able to provide expertise in the area of trade facilitation and trade generation, which have been the focus of our policy advocacy work in the past few years.
In addition, we can also contribute to the work of ASEAN-BAC that may focus on specific sectors, such as the promotion of entrepreneurship, SME development, food safety and security, energy and environment, and regional tourism, among others. We have sub-committees, or Product and Service Councils that are focused on these sectors and a few others as well.”
CACCI had attended, as observer, two previous meetings of the Joint Business Council, namely, the 9th Joint Consultation Meeting held on January 26, 2017 in Manila, Philippines, and the 11th Joint Consultation Meeting held on January 17, 2018 in Singapore. Furthermore, CACCI had participated in several of past years’ ASEAN Business and Investment Summit organized by the ASEAN-BAC in conjunction with the ASEAN Leaders Summit.
“Through our participation in these important gatherings, we have learned that most of the issues being discussed by your organization are the same issues taken up by CACCI members in our meetings and conferences. Hence, we believe that CACCI can provide inputs to the discussions and formulation of recommendations by the ASEAN-BAC,” Mr. Modi stated.
Taipei – The March issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
Taipei – The March issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
CACCI Tourism newsletter is available
Taipei – We are pleased to make available the 19th Volume of CACCI Tourism Newsletter under the Chairmanship of Mr. Anura Lokuhetty from Sri Lanka. 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 […]
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 wendy.yang@cacci.org.tw .
Successful “International Trade Contracts” workshop held in Tehran
Tehran – Iran Chamber of Commerce, Mines and Agriculture (ICCIMA) in partnership with CACCI and ICC Czech Republic, conducted a workshop on “The Latest Rules and Regulations of International Trade Contracts” on March 5-6, 2019 in Iran. Mr. Andrle Pavel from ICC CR led the workshop which was attended by more than 80 participants from […]
Successful “International Trade Contracts” workshop held in Tehran
Tehran – Iran Chamber of Commerce, Mines and Agriculture (ICCIMA) in partnership with CACCI and ICC Czech Republic, conducted a workshop on “The Latest Rules and Regulations of International Trade Contracts” on March 5-6, 2019 in Iran. Mr. Andrle Pavel from ICC CR led the workshop which was attended by more than 80 participants from SMEs and financial and scientific research institutes.
Latest issues related to Incoterms 2020, transportation laws, banks, insurance and international trade laws based on ICC rules and regulations were discussed during the workshop.
CACCI member Mr. Salauddin Yousuf shares photo with India PM Narendra Modi
Gujarat – CACCI Lifetime Member and Director of Lub-rref Bangladesh Limited, Mr. Salauddin Yousuf, shares his photo With India PM Narendra Modi taken at the Vibrant Guzrat Summit held on January 18-20, 2019 in Gujarat, India. Attended this year by over 35,000 participants, the Vibrant Gujarat Summit was conceptualized in 2003 by Prime Minister of India […]
CACCI member Mr. Salauddin Yousuf shares photo with India PM Narendra Modi
Gujarat – CACCI Lifetime Member and Director of Lub-rref Bangladesh Limited, Mr. Salauddin Yousuf, shares his photo With India PM Narendra Modi taken at the Vibrant Guzrat Summit held on January 18-20, 2019 in Gujarat, India.
Attended this year by over 35,000 participants, the Vibrant Gujarat Summit was conceptualized in 2003 by Prime Minister of India and the then Chief Minister of Gujarat, Mr. Narendra Modi, to re-establish Gujarat as a preferred investment destination within India.
Today, the Summit has evolved into a platform for brainstorming on agendas of global socio-economic development, in addition to being a facilitator for knowledge sharing and forging effective partnerships.
XVIII CACCI Women Entrepreneurs newsletter is available
Taipei – We are pleased to make available the Eighteenth Volume of Grow, the publication of CACCI Women Entrepreneurs Council. We hope that this publication will serve as an effective platform for an exchange of information among women entrepreneurs in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward […]
XVIII CACCI Women Entrepreneurs newsletter is available
Taipei – We are pleased to make available the Eighteenth Volume of Grow, the publication of CACCI Women Entrepreneurs Council.
We hope that this publication will serve as an effective platform for an exchange of information among women entrepreneurs in the CACCI region. Members are, therefore, encouraged to contribute articles for our future issues. Kindly forward your materials (preferably with accompanying photos) to wendy.yang@cacci.biz
We are pleased to make available to all members a copy of the President’s Reflection (2014-2018) summarizing the activities undertaken by Immediate President Mr. Jemal Inaishvili during his four-year term from 2014 to 2018. On behalf of Mr. Inaishvili, we would like to take this opportunity to thank you for the cooperation and assistance you […]
We are pleased to make available to all members a copy of the President’s Reflection (2014-2018) summarizing the activities undertaken by Immediate President Mr. Jemal Inaishvili during his four-year term from 2014 to 2018.
On behalf of Mr. Inaishvili, we would like to take this opportunity to thank you for the cooperation and assistance you have extended to him in undertaking the projects and programs he initiated during his Presidency. Without your help, Mr. Inaishvili would not have accomplished what he had set out to do to when he first took over the helm of CACCI in 2014.
We look forward to your continued support of the CACCI and its activities in the years ahead under the incumbent CACCI office-bearers, and we hope to see you and your colleagues in future CACCI gatherings.
Sincerely yours,
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry
CACCI Profile newsletter – February issue available
Taipei – The February issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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 […]
CACCI Profile newsletter – February issue available
Taipei – The February issue of the monthly CACCI Profile newsletter is available. You are invited to download the version in PDF format HERE. 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. Thank you for your kind attention, and we look forward to your continued support of the CACCI and its activities.
XI CACCI Food & Agriculture newsletter available
Taipei – We are pleased to inform you that the Eleventh Volume of CACCI Food & Agriculture Newsletter, the publication of the Asian Council on Food and Agriculture, has been formally issued. You can download the newsletter HERE. We hope that this publication will serve as an effective platform for an exchange of information among the […]
Taipei – We are pleased to inform you that the Eleventh Volume of CACCI Food & Agriculture Newsletter, the publication of the Asian Council on Food and Agriculture, has been formally issued.
We hope that this publication will serve as an effective platform for an exchange of information among the food & agriculture 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 wendy.yang@cacci.biz.
CACCI members invited to Cambodia International ICT & Mobile Expo 2019
Phnom Penh – We wish to inform members that the Cambodia International ICT & Mobile Expo (CIIME 2019) will be held on July 11-13, 2019 at the Diamond Island Exhibition & Convention Centre in Phnom Penh. All CACCI members are invited to this event. Organized by Twin Goat Exhibition and Trading Co., Ltd, one of […]
CACCI members invited to Cambodia International ICT & Mobile Expo 2019
Phnom Penh – We wish to inform members that the Cambodia International ICT & Mobile Expo (CIIME 2019) will be held on July 11-13, 2019 at the Diamond Island Exhibition & Convention Centre in Phnom Penh. All CACCI members are invited to this event.
Organized by Twin Goat Exhibition and Trading Co., Ltd, one of the leading exhibition organizers in Cambodia, with the support of the Ministry of Commerce, Ministry of Posts and Communications, and the Cambodia Chamber of Commerce, the exhibit allows participants to meet Cambodian’s foremost ICT leaders and gain access to a fast growing market in the region. The CIIME 2019 provides the opportunity to capitalize on this potential, and combines exhibit, B2B meetings, panel discussions, and conference involving both local and international participants.
You can download the event’s brochure HERE. For more details click HERE or send them an email at info@twingoat.com
KCC Officers visit CACCI Secretariat
Taipei – Officers of the Kowloon Chamber of Commerce (KCC) visited the CACCI Secretariat Headquarters during their February 25 business trip to Taipei. KCC Permanent Chairman Mr. Conrad Lee (former CACCI Honorary Treasurer), KCC Vice Chairman Mr. Ernest Yuen (concurrently CACCI Honorary Treasurer), and KCC Vice Chairman Mr. Wyler Wong (concurrently CACCI Vice President) discussed […]
Taipei – Officers of the Kowloon Chamber of Commerce (KCC) visited the CACCI Secretariat Headquarters during their February 25 business trip to Taipei. KCC Permanent Chairman Mr. Conrad Lee (former CACCI Honorary Treasurer), KCC Vice Chairman Mr. Ernest Yuen (concurrently CACCI Honorary Treasurer), and KCC Vice Chairman Mr. Wyler Wong (concurrently CACCI Vice President) discussed with the CACCI Secretariat executives on their possible participation in CACCI activities in 2019, as well as KCC programs and projects for which CACCI assistance may be requested by the Chamber this year.
CACCI Secretariat hosts lunch to visiting KCC Officers
Taipei – CACCI Secretariat Hosts Lunch for Visiting KCC Officers – CACCI Director-General Mr. Ernest Lin (2nd from right) hosted lunch on January 25, 2019 in Taipei for visiting officers of Kowloon Chamber of Commerce (KCC) Mr. Wyler Wong (2nd from left), Mr. Conrad Lee (3rd from left) and Mr. Ernest Yuen (3rd from right). […]
CACCI Secretariat hosts lunch to visiting KCC Officers
Taipei – CACCI Secretariat Hosts Lunch for Visiting KCC Officers – CACCI Director-General Mr. Ernest Lin (2nd from right) hosted lunch on January 25, 2019 in Taipei for visiting officers of Kowloon Chamber of Commerce (KCC) Mr. Wyler Wong (2nd from left), Mr. Conrad Lee (3rd from left) and Mr. Ernest Yuen (3rd from right). Other guests included Mr. Chin-Che Cheng, Dean Director and Associate Professor at CTBC Business School, center), Mr. Kenneth Yu from CTBC Bank (left), and Mr. Amador Honrado from CACCI Secretariat (right). The KCC officers discussed with Mr. Cheng on possible student exchange program with the CTBC Business School for interested students from Hong Kong, China, Taiwan, Malaysia and other Asian countries.
CACCI invited to ASEAN Chambers of Commerce & Industry Business Meeting – February 25-27, 2019 in Bengaluru
Bengaluru – CACCI members are invited to take part in the ASEAN Chambers of Commerce & Industry Meet on February 25-27, 2019 in Bengaluru, India. The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) is organizing this business meet for the first time in South India, in collaboration with the Ministry of External Affiars, […]
CACCI invited to ASEAN Chambers of Commerce & Industry Business Meeting – February 25-27, 2019 in Bengaluru
Bengaluru – CACCI members are invited to take part in the ASEAN Chambers of Commerce & Industry Meet on February 25-27, 2019 in Bengaluru, India.
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) is organizing this business meet for the first time in South India, in collaboration with the Ministry of External Affiars, the Government of India, Government of Karnataka and Event Partners. It is supported by the ASEAN India Business Council, Malaysia; India-ASEAN-Sri Lanka Chamber of Commerce and Industry, Chennai; and PHD Chamber of Commerce and Industry, New Delhi.
The objective of the event is to enhance, “Two Way Investment, Trade and Technology” flow from 23 countries into Karnataka in some 18 identified sectors. Around 1,500 delegates from Chambers of Commerce, Business & Industry, Embassies, Consulates and Government are expected to participate. There will be B2B, B2G, B2C meetings and a trade exhibition with 150 stalls with exhibitors from different countries including India with a footfall of around 3000 per day.
Significance of the ASEAN Business Meet:
Bangalore is known for IT (Information Technology) & Start up business and it is great opportunity for ASEAN Entrepreneurs & Business fraternity to interact and develop the new business opportunities.
Karnataka is the first State in India to host such an event among the Chambers of 23 plus countries.
Provides a common platform for sharing the experiences for all participating Chambers of Commerce from across the world
Enables sharing of Best Practices of Industry & Trade which will be an ideal template to help to bring about the Next Practices
Attract investments in to Karnataka in various identified sectors for mutual benefit of both host country as well as participating countries
Showcase Karnataka’s ambitious project on the Cluster development in the nine specially identified Districts of the State that can become a model for enhancing global trade
CACCI Profile Newsletter – January issue available
Taipei – The latest issue of the monthly CACCI Profile newsletter is available now. You are invited to download the version in PDF format HERE.
Suggestions on themes and topics for the 2019 33rd CACCI Conference
Taipei – As you are aware, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) will hold the 33rd CACCI Conference in September 2019, with the Ceylon Chamber of Commerce as host. In preparation for the 2019 Conference, members of the CACCI Planning Committee will meet on March 25, 2019 in Colombo, Sri Lanka […]
Suggestions on themes and topics for the 2019 33rd CACCI Conference
Taipei – As you are aware, the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) will hold the 33rd CACCI Conference in September 2019, with the Ceylon Chamber of Commerce as host.
In preparation for the 2019 Conference, members of the CACCI Planning Committee will meet on March 25, 2019 in Colombo, Sri Lanka primarily to discuss the Conference Program, including the theme and topics for the Conference.
In this connection, 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 by accomplishing the attached Suggestion Form and returning it to us through our Fax No. (886 2) 2760 1139 or via e-mail at cacci@cacci.biz
CACCI would appreciate hearing from you beforeFebruary 15, 2019 to give us enough time to circulate all suggestions to the Planning Committee for consideration prior to its meeting.
Colombo – CACCI wish to inform all CACCI officers and members that the 33rd CACCI Conference will be held in Colombo, Sri Lanka and is tentatively scheduled on September 17-18, 2019. To be hosted by the Ceylon Chamber of Commerce, next year’s Conference will take place at Shangri-la Hotel Colombo. The dates and venue were […]
Colombo – CACCI wish to inform all CACCI officers and members that the 33rd CACCI Conference will be held in Colombo, Sri Lanka and is tentatively scheduled on September 17-18, 2019. To be hosted by the Ceylon Chamber of Commerce, next year’s Conference will take place at Shangri-la Hotel Colombo. The dates and venue were agreed during the 89th CACCI Council Meeting held on November 23, 2018 in Istanbul, Turkey.
The two-day event is designed to provide another valuable platform for CACCI members and invited experts to exchange views on issues of current concern to the business community of the region. Parallel sectoral breakout session will be organized that will gather government and private sector experts for dialogue and panel discussion on important sectoral issues.
The Planning Committee Meeting will be held on March 14, 2019 in Colombo to discuss preparations for the Conference. We hope that CACCI members and friends join the meeting and share your ideas and suggestions on how we can make our 2019 Conference productive and meaningful for our members.
CACCI Secretariat will send details as soon as arrangements are finalized.
CACCI Planning Committee Meeting on March 25, 2019 in Colombo, Sri Lanka – Register now!
Colombo – CACCI would like to invite its members to attend the meeting of the CACCI Planning Committee scheduled on March 25th, 2019 in Colombo, Sri Lanka. The meeting will primarily: Discuss preparations for the 33rd CACCI Conference to be hosted by the Ceylon Chamber of Commerce (e.g., Conference venue, theme, topics, speakers, format, […]
CACCI Planning Committee Meeting on March 25, 2019 in Colombo, Sri Lanka – Register now!
Colombo – CACCI would like to invite its members to attend the meeting of the CACCI Planning Committee scheduled on March 25th, 2019 in Colombo, Sri Lanka. The meeting will primarily:
Discuss preparations for the 33rd CACCI Conference to be hosted by the Ceylon Chamber of Commerce (e.g., Conference venue, theme, topics, speakers, format, etc.)
To review the progress of activities under the CACCI Work Program for 2019.
The Tentative Agenda/Program is presented below and further information (e.g., Annotated agenda, discussion papers, hotel accommodation, etc.) will be sent to members upon confirmation of attendance.
Once again, CACCI is counting on members’ valuable participation for the successful outcome of this important meeting. We certainly need members’ inputs on how we can make the 2019 33rd CACCI Conference in Colombo meaningful and productive.
CACCI requests its members to kindly confirm their participation in the Colombo meeting by returning the Confirmation Form through our Fax No. (886 2) 2760-7569 or our e-mail address at cacci@cacci.biz on or before January 31, 2019.
2018 Year-End Review
As the year 2018 came to a close and the year 2019 begins, it is an opportune time for CACCI to take stock of our accomplishments over the past year, with the view to build on them in order to make our Confederation even more relevant to our members in this new year. Here under […]
As the year 2018 came to a close and the year 2019 begins, it is an opportune time for CACCI to take stock of our accomplishments over the past year, with the view to build on them in order to make our Confederation even more relevant to our members in this new year.
Here under is a summary report on the activities undertaken by CACCI in 2018:
I. Preparations for the 32nd CACCI Conference
A. Planning Committee Meeting in Istanbul
(1) A highly productive and successful Planning Committee Meeting was held jointly by CACCI and the Union of Chambers and Commodity Exchanges of Turkey (TOBB) on February 5, 2018 at the TOBB Headquarters in Istanbul.
(2) Chaired by CACCI President Mr. Jemal Inaishvili and co-chaired by TOBB President Mr. Rifat Hisarciklioglu, the meeting was attended by 31 representatives of 9 CACCI Primary Members from 9 countries, as well as representatives from TEPAV, the think-tank of TOBB. Discussions focused mainly on preparations for the 32nd CACCI Conference to be held in November 2018 in Istanbul, as well as on the recent and upcoming activities of CACCI in the year ahead.
(3) Some 15 representatives from the Turkish media were also present at the Opening of the meeting. They asked questions addressed to the CACCI and TOBB Presidents, as well as to other CACCI officers including CACCI Senior Vice president Mr. Samir Modi from India.
(4) As decided by the CACCI Planning Committee, the 2018 Conference would focus on the theme “Asia: Expanding Boundaries”. Invited speakers would address the following topics: (a) The Changing Role of Chambers in Promoting Business; (b) Innovation and Digitization: Implications for Business; (c) Regional Integration and Connectivity for Sustainable Development; and (d) A New World Economic Order: What It Means for Asia.
B. Teleconferences with TOBB and other CACCI officers
(5) Following the Planning Committee Meeting, the CACCI Secretariat coordinated regularly with the TOBB on preparations for the 32nd CACCI Conference. They reviewed – via regular teleconferences – the proposed program, the possible speaker line-up, the Conference format, and other related matters. During some of these teleconferences, CACCI President Mr. Jemal Inaishvili and Senior Vice President Mr. Samir Modi participated in the discussions.
C. Solicitation of nominees for the CACCI Awards 2018
(6) The CACCI Secretariat sought nominations from Primary Members for the various CACCI Awards to be presented during the 32nd CACCI Conference in November 2018 in Istanbul. These Awards include the following:
(6.a) 8th CACCI Local Chamber Awards, which aim to recognize local chambers for their outstanding achievement in promoting the industrial, commercial and social welfare of their respective communities.
(6.b) 7th Asia-Pacific Young Entrepreneur Award, which aims to recognize excellent young entrepreneurs in Asia who not only are successful in their business but also advocate corporate social responsibility.
(6.c) 2nd Asia-Pacific Women Entrepreneur Award, which aims to recognize excellent women entrepreneurs in Asia who not only are successful in their business but also advocate corporate social responsibility.
(6.d) 3rd CACCI Hydropower and Clean Energy Excellence Award, which recognizes a person or institution that has contributed significantly to the sustainable promotion of hydropower and clean energy in the Asia Pacific region.
(7) The Secretariat also invited selected members to constitute the Awards Committees tasked to evaluate all the nominations for the various Awards, as well as the Board of Judges that would conduct the final evaluation process for selecting the winners.
D. Suggestions on activities for the CACCI Work Program for 2018-2020
(8) CACCI members were requested to submit suggestions on activities that CACCI should undertake in the next two years (2018-2020). They were asked to propose activities that benefit all members, further promote the growth and development of the Confederation, and help CACCI attain its primary objectives. All suggestions received from members were integrated into the draft Work Program that was later considered and finalized during the 90th CACCI Council Meeting held on November 24, 2018, in Istanbul.
E. Nominations for CACCI officers for 2018-2020
(9) The CACCI Secretariat solicited nominations from CACCI Primary members for qualified members to assume leadership positions in CACCI for the next two-year term of 2018-2020. Election of the new set of CACCI office bearers was scheduled to take place during the 32nd CACCI Conference on November 23-24, 2018 in Istanbul.
II. 32nd CACCI Conference
(10) CACCI successfully held its 32nd CACCI Conference in Istanbul, Turkey on November 23-24, 2018, with the participation of some 450 delegates composed largely of businessmen and chamber of commerce representatives from 22 Asia-Pacific countries, led by CACCI President Mr. Jemal Inaishvili from Georgia and Mr. Rifat Hisarciklioglu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB). Focusing on the theme “Asia: Expanding Boundaries”, the Conference was held at the Ciragan Palace Kempinski and was organized under the patronage of H.E. Recep Tayyip Erdoğan, President of Turkey.
A. Opening ceremony
(11) The Opening Ceremony featured Turkish Vice President Fuat Oktay and Turkish Trade Minister Ruhsar Pekcan as Special Guests of Honor , while the Keynote Speech was given by Mr. Yi Xiaozhun, Deputy Director-General of the World Trade Organization.
(12) Turkish Vice-President Fuat Oktay in his Address emphasized CACCI’s important role as a key regional organization in the development of economic boundaries of Asia, regional economic integration and broadening consultation on new economic trends.
(13) Turkish Trade Minister Ruhsar Pekcan pointed out that it is important that young entrepreneurs, women entrepreneurs and SMEs participated in the CACCI conference this year and said that the world economy cannot be interpreted correctly without understanding developments in the Asia Pacific region.
(14) In his Keynote Speech, Mr. Yi Xiaozhun, pointed out that in order to make progress on the emerging issues of greatest interest to business in the future, a strong multilateral trading system is indispensable. He called on CACCI members to voice their concerns to their governments and ask them to engage constructively with the multilateral trading system, including their participation in ongoing discussions on WTO reform, stressing that safeguarding the WTO is the best way to keep protectionist pressures at bay and to secure the benefits of global trade today and in the future.
B. Plenary sessions
(15) Plenary Sessions featured eminent speakers who shared their perspectives on the following timely and relevant issues: (a) The Changing Role of Chambers in Promoting Business; (b) Innovation and Digitalization: Implications for Business; (c) Regional Integration and Connectivity for Sustainable Development; and (d) A New World Economic Order: What It Means for Asia.
C. Sectoral roundtable discussions
(16) In addition, parallel sectoral breakout sessions were organized that gathered government and private sector experts for dialogue and panel discussion on important sectoral issues, including the following: (a) Woman entrepreneurship; (b) Youth entrepreneurship ; (c) Information and Communication Technology; (d) Food and Agriculture; (e) Health and Education; (f) Tourism; (g) Trade Facilitation ; (h) SME Development; and (i) Water, Energy and Environment.
D. Discover business opportunities through CACCI
(17) 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.
E. Election of new CACCI officers
(18) The CACCI Council, which is the organization’s governing body, elected the office bearers for the term 2018-2020. Mr. Samir Modi, Member of Executive Committee, Federation of Indian Chambers of Commerce & Industry (FICCI), and Executive Director of K.K. Modi Group, was elected CACCI President.
(19) The other elected/appointed CACCI officers included:
(19.a) Vice Presidents:
Mr. Rifat Hisarciklioglu, President, TOBB & Chairman, Eskihisar Group of Companies
Mr. Pradeep K. Shrestha, Former President of Federation of Nepalese CCI’s and Managing Director, Panchakanya Group
Mr Peter McMullin, Board Member, ICC Australia & Special Counsel, Cornwall Stodart Lawyers
Mr. Teruo Asada, Special Advisor, Japan CCI and Chairman of Marubeni Corp.
Mr. Henry Kao, Charman of CIECA and Chairman, Imei Foods Co. Ltd.
Mrs. Magvan Oyunchimeg, CEO, Mongolia National CCI
Sheikh Fazle Fahim, FBCCI and Managing Director, Obsidian Bangladesh Ltd.
Dr. Pedram Soltani, First Vice President ICCMA and Chairman, Persol Corporation
Mr. Wyler Wong, Vice Chairman of Kowloon Chamber of Commerce and Owner of various business enterprises
(19.b) Honorary Treasurer:
Mr. Ernest Yuen, Vice Chairman, Kowloon Chamber of Commerce, and Partner, Messrs, Yuen & Partners
(19.c) Budget Commission Members:
Dr. Steve Hsieh, Convener of Board of Supervisors, Chinese International Economic Cooperation Association and Chairman, Taiwan Lottery Company
Mr. Obaidur Rahman, Former Director, FBCCI and Managing Director, Dorasco Ltd.
Dr. Iqbal Thaheem, Secretary-General, Federation of Pakistan CCIs
F. Admission of new members
(20) CACCI announced the admission of two new Affiliate Members, namely:
(20.a) Hong Kong Children, Babies, Maternity Industries Association Ltd. and (b) Importers and Exporters Association of Taipei
(21) CACCI also admitted five new Lifetime Special members, namely: (a) Shan Sabil (BD) Ltd. (Bangladesh); (b) Mrs. S. Ayesha Akhtar Jahan (Bangladesh); (c) Mongol Basalt JSC (Mongolia); (d) Bishrelt Group (Mongolia); and (e) Mr. Yassin Saeed Al Suroor (Saudi Arabia)
G. CACCI Work Program for 2018-2020
(22) The CACCI Council adopted the 2018-2020 Work Program outlining activities over the next two years in the area of policy advocacy, professional development program, membership expansion, relationship with other regional and international organizations, and development of the CACCI Product and Service Councils, among others.
H. MOU signing
(23) During the 89th CACCI Council Meeting on November 23, the TOBB and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) signed a Memorandum of Understanding outlining possible areas of cooperation between the two organizations.
I. Presentation of CACCI Awards
(24) CACCI announced the winners of the 8th Local Chamber Awards, the 7th Asia-Pacific Young Entrepreneur Award, the 2nd Asia-Pacific Woman Entrepreneur Award, and the 3rd Hydropower and Clean Energy Excellence Award during the Gala Dinner of the Conference held on November 24, 2018. The winners received their awards from Outgoing President Mr. Jemal Inaishvili and newly elected CACCI President Mr. Samir Modi during the Gala Dinner.
(24.a) There were two winners for the 8th Local Chamber Awards. The Aegean Region Chamber of Industry from Turkey won under the Big Chamber category, and the Union The Primorsky Chamber of Commerce and Industry from Russia was proclaimed the winner under the Small Chamber category.
(24.b) CACCI presented the 7th Asia-Pacific Young Entrepreneur Award to Ms. Nazanin Daneshvar, Founder and CEO of Takhfifan from Iran,. A Special recognition was also given to Mr. Roman Nikolaevich Bobylev, Founder/Head of Lozaholding from Russia.
(24.c) Two nominees were declared joint Winners of the 2nd Asia-Pacific Woman Entrepreneur Award, namely: Ms. Sherill R. Quintana, President/CEO of Oryspa Spa Solutions, Inc. from the Philippines, and Ms. Zeynep Erkunt Armagan, Chairperson of Erkunt Tractor Industries Ltd. from Turkey.
(24.d) The winner of the 3rd Hydropower and Clean Energy Excellence Award was Meghna Group of Industries from Bangladesh.
J. Next CACCI Conference
The CACCI Council accepted the offer of Ceylon Chamber of Commerce to host the 33rd CACCI Conference in September 2019 in Colombo, Sri Lanka, with the exact dates and venue to be finalized during the CACCI Planning Committee to be held in early 2019 in Colombo.
II. Presidential visits
A. Three-Country Visit to Cambodia, Vietnam and Laos
(26) CACCI President Mr. Inaishvili led a delegation of CACCI officers and members to Cambodia, Vietnam, and Laos for Presidential visits on April 19-20 in Phnom Penh, April 23 in Hanoi, and April 25 in Vientiane.
(27) The three-country trip was a milestone on two counts. It was the first-ever CACCI Presidential visit covering three countries in one trip. It was also the first-ever Presidential visit undertaken by Mr. Inaishvili to Cambodia, Vietnam, and Laos since he took over as CACCI President in 2014. The CACCI delegation was composed of key chamber officers and leading businessmen from Australia, Bangladesh, Georgia, India, Nepal, and Taiwan.
(28) The Presidential visits enabled the CACCI delegation to meet with various government officials of the three host countries (such as the Ministry of Commerce and the Ministry of Agriculture and Rural Development in Vietnam) to exchange views on trade and investment issues as well as identify areas where the host countries and CACCI member economies may strengthen their economic relations.
(29) The delegation also had the opportunity to network with officers and members of the Cambodia Chamber of Commerce (CCC), the Vietnam Chamber of Commerce and Industry (VCCI), and the Lao National Chamber of Commerce and Industry (LNCCI), as well as with other local businessmen.
(30) They also visited special economic zones and made company visits, including textile and garment companies. Business matching sessions were also arranged, with the attending host chamber members approaching the individual members of the CACCI delegation who may take interest in exploring possible business cooperation with them.
B. Vladivostok visit
(31) Following his successful Presidential visits to Cambodia, Vietnam, and Laos in April 2018, CACCI President Mr. Jemal Inaishvili led another delegation of CACCI officers and members for a visit to another CACCI member country, this time to Russia – specifically in the port city of Vladivostok.
(32) Considered the administrative center of Primorsky Region, the city of Vladivostok (literally means “ruler of the east”) is located around the Golden Horn Bay, not far from Russia’s borders with China and North Korea. The population of the city as of 2017 was 606,589, up from 592,034 recorded in the 2010 Russian census. The city is the home port of the Russian Pacific Fleet and the largest Russian port on the Pacific. The city’s main industries are shipping, commercial fishing, and the naval base. Fishing accounts for almost four-fifths of Vladivostok’s commercial production. Other food production totals 11%. A very important employer and a major source of revenue for the city’s inhabitants is the import of Japanese cars.
(33) The visit was another milestone as it was the first-ever CACCI Presidential visit to Vladivostok. Like the other previous Presidential visits, the Vladivostok trip was aimed at providing the CACCI visitors the opportunity to gain a better understanding of the economic conditions in the city and explore possible joint business ventures and investment cooperation with their local counterparts. The visitors had the opportunity to meet with key officers of important organizations – such as the Russian Academy of Sciences, the Primorsky Krai Administration, and the Duma of Vladivostok City – and to share information with them on the current conditions as well as the trade and investment opportunities in Vladivostok and the Primorsky Region, as well as to exchange views with them on other matters of common interest.
(34) They also visited local companies – including the European Diamond Centre Co. Ltd., the Aviapolis Yankovsky Co. Ltd., the Techno Holding Sumotiru Co. Ltd, and the Marine Experimental Center – and learned first-hand about their activities and the areas in which they are open for investments.
C. Taipei visit
(35) CACCI President Mr. Jemal Inaishvili and CACCI Senior Vice President Mr. Samir Modi visited Taipei on September 3-4, 2018 to meet with officers of CACCI Primary Members in Taiwan – namely, the Chinese International Economic Association (CIECA) and the Chinese National Association of Industry and Commerce (CNAIC) – as well as make courtesy calls on key government officials and other business organizations involved in promoting trade and investment cooperation between Taiwan and other countries. Mr. Inaishvili and Mr. Modi also visited local business enterprises to explore possible areas of business cooperation.
(36) The two-day program of President Inaishvili and Senior Vice President Modi was mainly arranged by CIECA through its Chairman Mr. Henry Kao, head of I-Mei Foods, a leading food company in the Taiwan market. The government officials, trade organizations, and business enterprises visited included the following:
(36.a) ROC President H. E. Tsai Eng-Wen
(36.b) Vice Minister of Foreign Affairs of the ROC. Amb. Jose Maria Liu
(36.c) Taiwan External Trade Development Council
(36.d) Importers and Exporters Association of Taipei
(36.e) I-Mei Foods
(36.f) Taiwan Family Mart Co. Ltd.
D. Mongolia visit
(37) CACCI President Mr. Jemal Inaishvili led another Presidential visit to Mongolia on September 6-8, 2018, accompanied by CACCI Senior Vice President Mr. Samir Modi and 30 other delegates from Georgia, India, China and Taiwan.
(38) During the visit, the CACCI delegation made courtesy calls on Mongolian President Khaltmagiin Battulga and the Foreign Minister of Mongolia Damdin Tsogtbaatar. The visiting delegation took the opportunity to introduce CACCI and its activities, inform them of the role played by MNCCI in the Confederation, exchange information with them on the economic conditions in Mongolia as well as on the government’s trade and investment policies, and invite them to the 32nd CACCI Conference in Istanbul in November.
(39) As part of the Presidential visit program, the MNCCI organized a Conference entitled “Discover Business Opportunities Through CACCI” which gave an opportunity for CACCI delegates to obtain information on the economic, trade and investment environment in Mongolia, as well as for the local entrepreneurs and organizations to learn more about CACCI and its activities. The Conference was aimed at increasing knowledge and generating awareness about CACCI among entrepreneurs of Mongolia and enhance the cooperation between Mongolia and members of CACCI.
(40) The CACCI delegates also attended the Women’s Entrepreneurship Day program at the MNCCI headquarters. This one-day program provided the delegates a great opportunity to learn from the global and domestic communities to meet the needs of women entrepreneurs today. Women entrepreneurs from a multitude of backgrounds from Mongolia and other countries discussed the policies and programs of their governments to promote the women entrepreneurship in their respective countries. In order to establish and enhance the cooperation among the members of Council, an exhibition was organized to showcase all the products and services they offer.
(41) The Mongolia visit also took place at the same time as the Ulaanbaatar Partnership 2018, the country’s largest international trade fair. Jointly organized by the Mayor Administration of Ulaanbaatar City and MNCCI on September 7-10, the Ulaanbaatar Partnership 2018 brought together international and domestic companies from the food, textile, light industry, and agriculture sectors. CACCI members were invited to participate in the trade fair and set up their own booths. CACCI itself was given a complimentary booth in which CACCI related materials were displayed.
(42) The delegates also had the opportunity to visit the International Intellectual Puzzle Museum, or the IQ Museum, which displays rare and precious puzzles from around the world, and the Gobi Corp., which is one of the five largest vertically integrated producers of cashmere in the world, holding 60% of the domestic market of cashmere, and exports to over 30 countries globally. The CACCI delegation also visited Thonjin Boldog to see the biggest Chinggis Khan Monument, as well as the Gorkhi-Terelj National Park, hosts some of the loveliest and most picturesque scenery of the country. the Bayagal Resort located inside the Terelj National Park, the delegation was hosted for lunch by the MNCCI officers . The MNCCI also arranged a Mini-Naadam Festival featuring some cultural performances and wrestling matches for the delegation in the open field of the countryside.
III. Training Programs
(43) The CACCI Secretariat coordinated with Vietnam Chamber of Commerce and Industry (VCCI) CACCI and VCCI in co-organizing two-day workshops on International Trade and Short-Term Trade Finance in Vietnam. The first workshop was held in Hanoi on April 17-18 and the second one in Ho Chi Minh City on April 19-20.
(43.a) Day One of the workshop focused, among others, on the current revision of Incoterms. The facilitator explained the logic behind the proposals and the discussion around them. The participants were expected to learn about the main current issues with Incoterms 2010, the ideas for improvements, and the likely outcome: what the main changes in the Incoterms 2020 would be like.
(43.b) Day Two focused on short-term trade finance – documentary credits, financing, factoring, supply chain finance best practices. Participants were expected to gain a solid knowledge of how to use documentary credits in a day-to-day operational practice.
(43.c) The seminar was delivered by Mr. Pavel Andrl, an active and well established international trade finance specialist and senior tutor with the electronic Business School International.
IV. Participation in regional and international meetings/events/projects
A. Project on “South/Southeast Asian Business Society Models”
(44) Mr. Chandula Abeywickrema, Chairman of CSR Lanka, solicited CACCI’s support for a project with the Durham University UK on “South/Southeast Asian Business Society Models” which will focus on SMEs. Funded by the Economic and Social Research Council (ESRC) UK (www.esrc.ac.uk) as part of Britain’s Official Development Assistance, the 30-day project covered Sri Lanka, Bangladesh, Nepal, Indonesia, Malaysia, Cambodia, and Myanmar.
(45) Mr. Abeywickrema requested CACCI to endorse the project and to facilitate – within its organizational mandate – the project in the countries covered. By endorsing the project, CACCI would be given the opportunity to participate in workshops/conferences and knowledge sharing events in the South/Southeast Asian region to be organized by the Durham University Research Office and use the research findings.
(46) There was no financial obligation on the part of CACCI, as the cost of project activities was borne by the Durham Research Office and ESRC. Costs of the participation of a designated CACCI representative in workshops/conferences would be covered by the project.
B. ASEAN Business Advisory Council Meeting in Singapore
(47) CACCI was invited to participate, as an Observer, in the 11th Joint Consulting Meeting of the ASEAN Business Advisory Council (ASEAN-BAC) with ASEAN +1 Business Councils and Associations that took place on January 17, 2018. Held at the Supply Chain City, a 6.5-hectare logistics facility located in Jurong West, Singapore, the meeting was attended by ASEAN-BAC members, Joint Business Council Members, and representatives of the ASEAN + 1 Business Councils and Associations.
(48) It was the second time CACCI was invited as an Observer to a Joint Consulting Meeting regularly organized by the ASEAN BAC with ASEAN Business Councils and Associations from various Dialogue Partners of ASEAN. CACCI attended the 9th Joint Consultation Meeting held in January 2017 in Manila. Representing CACCI at both meetings was Deputy Director-General Mr. Amador Honrado Jr.
(49) The ASEAN BAC was formed following decision of the ASEAN Leaders at the 7th ASEAN Summit and launched in April 2003, with the mandate to provide private sector feedback and guidance to boost ASEAN’s efforts towards economic integration.
C. 4th ICC Asia-Pacific CEO Forum in Tokyo
(50) CACCI President Mr. Jemal Inaishvili served as one of the panel of experts during the 4th ICC Asia-Pacific CEO Forum held on March 8-9, 2018 at the Hotel New Otani in Tokyo, Japan.
(51) Mr. Inaishvili was invited by ICC Japan as Panelist during the session on “Achieving the United Nations Sustainable Development Goals Through Innovation and Entrepreneurship.” He joined Mr. Takeo Harada, CEO, Institute for International Strategy and Information Analysis, Inc., and Ms. Cherie Nursaalim, Vice President, GITI Group in the panel discussion. The session was chaired and moderated by Mr. John Danilovich, Secretary General, International Chamber of Commerce.
D. ICC World Chambers Federation General Council Meeting
(52) CACCI President Mr. Jemal Inaishvili attended the meeting of the General Council of the International Chamber of Commerce World Chambers Federation (ICC WCF) on April 11, 2018 in Beijing, China. The meeting was hosted by the China Chamber of International Commerce (CCOIC) and held at the Guido Hotel Beijing. Attending the meeting with M. Inaishvili was CACCI Deputy Director-General Mr. Amador Honrado, Jr.
(53) During the meeting, President Inaishvili had the opportunity to introduce CACCI to the meeting participants and to brief them about the ongoing and upcoming activities of CACCI, including the CACCI Presidential visits to Cambodia, Vietnam, Laos, Russia and Mongolia scheduled to take place during the year. He also invited them to the 32nd CACCI Conference held on November 23-24, 2018 in Ciragan Palace Kempinski Istanbul.
E. Belt and Road Trade and Investment Forum
(54) CACCI President Mr. Jemal Inaishvili joined other ICC-WCF General Council Members in attending the “Belt and Road Trade and Investment Forum” held on April 12, 2018 in Beijing at the Diaoyutai State Guesthouse. The Forum was Organized by the China Council for the Promotion of International Trade (CCPIT), China Chamber of International Commerce (CCOIC), and the ICC World Chambers Federation (ICC WCF), and supported by the Silk Road Business Council.
(55) Focusing on the theme “Unleashing Potential for Shared Future,” the Forum aimed to introduce and disseminate the Belt and Road concept, strengthen the dialogue between government and business, enhance connectivity between China and foreign countries, and build consensus of cooperation. The Forum discussed such topics as financing and unimpeded trade. It brought together about 700 business and industry delegates from more than 70 countries, including those covered by the CACCI membership. Several officers from CACCI member chambers served as panelists in the various sessions.
F. Meeting of ICC and CACCI officers in Taipei
(56) Amb. Feng Chi-Tai, CACCI Vice President, received Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), during the latter’s visit to Taipei on April 16-17. Amb. Feng and Mr. Kucharski exchanged views on the current conditions in the global economy, the growing protectionism among some of the major economies, the challenges and opportunities they offer, how these would impact on the Asian business community. They also explored possible areas of cooperation between CACCI and ICC that would be beneficial to their respective members, and bring the two organizations closer together in pursuing their common objective of promoting the interests of the business community.
G. ICC-CIECA Business Forum
(57) CACCI Secretariat executives joined members of the Chinese International Economic Association (CIECA), CACCI Primary Member in Taiwan, at the ICC-CIECA Business Forum held on April 16, 2018 in Taipei. The Forum featured Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), as Keynote Speaker. Mr. Kucharski made a presentation on the ICC – its mission and its activities aimed at expanding international trade, representing business, and promoting peace and prosperity. He identified areas where ICC would like to work more closely with the ICC national committees and other chambers of commerce in the Asian region – particularly those in Taiwan – to help achieve its objectives.
H. Forum on “The Great Silk Road: Towards New Frontiers of Development”
(58) CACCI President Mr. Jemal Inaishvili was invited as one of the special guests of honor at the international forum on “The Great Silk Road: Towards New Frontiers of Development” held at the Turkmen Awaza National Tourist Zone in the Caspian Sea shore in Turkmenistan on May 2, 2018. The Forum took place in conjunction with the opening of the new International Turkmenbashi Port, which is expected to connect Asia and Europe for transferring goods and ideas and help activate the so-called Silk Road corridors.
(59) Also attending the forum was the President of Turkmenistan Gurbanguly Berdimuhamedov. During the forum, Mr. Inaishvili presented a special award to President Berdimuhamedov as initiator of the project of Turkmenbashy International Seaport.
I. B20 Argentina Task Force on Trade and Investment and B20 Summit
(60) Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACI), was accepted as member of the B20 Task Force on Trade and Investment and participated in some of its various meetings and teleconferences.
(61) The B20 – chaired by Argentina in 2018 – is a platform that serves as an intermediary group between G20 governments and the international business community. Its primary mission is to deal with the urgent and significant global issues by developing actionable recommendations from global business leaders to the G20 Leaders. These issues are addressed by the various Task Forces set up for this purpose, including the Task Force on Trade and Investment.
(62) As member of the Task Force on Trade and Investment, Mr. Inaishvili attended the B20 Summit held on October 4-5, 2018 in Buenos Aires, Argentina. The Summit gathered some 1,200 business leaders from around the world. The high-level representatives from business presented B20 recommendations and debate on the issues that are shaping economies today and will have substantial impact on their future.
J. 2018 Silkroad Business Summit
(63) President Inaishvili also attended the 2018 Silkroad Business Summit organized by the Silk Road Chamber of International Commerce (SRCIC) held on October 16, 2018 in the city of ZhangJiajie, central China’s Hunan province. During the two-day event, some 400 representatives from 84 countries and regions (from Chinese and foreign governments, international organizations, and chambers of commerce ) explored issues such as maintaining multilateral trade system, building an open world economy, creating a safe international business environment and promoting the development of traditional medicine.
(64) During the Summit, President Inaishvili was presented the SRCIC Outstanding Leadership Award, along with the leaders of two other CACCI Primary Members, namely, Mrs. Magvan Oyunchimeg, CEO of the Mongolian National Chambers of Commerce and Industry, and Mr. Said Sharif, Chairman of the Chamber of Commerce and Industry of the Republic of Tajikistan. Another officer of a CACCI member chamber – Mrs. Nino Chikovani, President of the Georgian Chamber of Commerce and Industry, was presented the 2018 SRCIC Outstanding Contribution Award.
K. 3rd ASEAN Young Entrepreneurs Carnival in Singapore
(65) CACCI participated in the 3rd ASEAN Young Entrepreneurs Carnival upon the invitation of the Singapore Business Federation and the ASEAN Young Entrepreneurs Council. Held on 13-14 November 2018 at the Raffles City Convention Centre in Singapore, the Carnival was attended by young business leaders from 14 countries, including representatives from the Chinese National Association of Industry and Commerce (CNAIC) and the Third Wednesday Club of Taiwan.
(66) Focusing on the theme “Smart Leaders: Smart Businesses”, the Carnival sought to strengthen ASEAN as a resilient and innovative region and connect ASEAN’s economies and businesses through digital technology. The two-day event deployed the use of artificial intelligence and analytics in a specially organized workshop to help delegates analyse their business performance, recommend improvements to strengthen their management capabilities, and help improve the appeal to financier, all with lesser human intervention.
(67) The Carnival also dwelt on enhancing collaborations for five industries, namely: (a) IT and Technology; (b) Agribusiness and commodities; (c) Construction and real estate development; (d) Supply chain and logistics; and (e) Consumer goods.
L. 80th Anniversary of the Kowloon Chamber of Commerce
(68) Director General Mr. Ernest Lin and Deputy Director-General Mr. Amador Honrado represented CACCI at the 80th Anniversary celebration of the Kowloon Chamber of Commerce (KCC) held on December 18, 2018 in Hong Kong. Mr. Lin presented a token gift to KCC to commemorate the occasion.
M. Invitations for CACCI members to attend forums
(M.1) 6th SAARC Business Leaders Conclave
(69) CACCI members were invited by Ceylon Chamber of Commerce to attend the 6th Edition of SAARC Business Leaders Conclave (SBLC) held on 16-18th March, 2018 in Kathmandu, Nepal. Focusing on the theme “Unleashing Shared Prosperity Through Economic Integration,” this year’s SLBC was inaugurated by the Prime Minister of Nepal as per tradition. The SBLC was also attended by Commerce Ministers of SAARC Member states.
(M.2) IFFA International Forum of Grains, Oil Seeds and Related Products
(70) The Iranian Federation of Food Associations (IFFA) invited CACCI members to attend the “International forum of grains, oil seeds and related products” held on May 7-8, 2018 in Tehran IRIB International Conference Center. Supported by the Iran Agricultural Ministry and Iran/Tehran Chamber of Commerce, the two-day forum focused on market developments. It offered an excellent environment for discussions of trends in agricultural market, supported development of business strategies in a rapidly changing world, and provided great opportunities to contact producers and buyers of grains and oil seeds.
(M.3) International Exhibitions on Beverages, Coffee, Tea and Dairy and Related Industries
(71) The Federation of Iranian Food Industry Associations invited CACCI members to the “9th International Exhibition of Beverages, Coffee, Tea and Related Industries” and the “3rd International Exhibition of Dairy and Related Industries” held on on September 15 – 18, 2018 in Tehran, Iran. The exhibition provided the participants the opportunity to know the latest market trends and identify areas of mutual cooperation opportunities.
(M.4) Regional Australia Asia Chambers Forum
(72) Mr. Brian O’Gallagher, Deputy Chief Executive Officer of the Chamber of Commerce Northern Territory, met with CACCI Director-General Mr. Ernest Lin and Deputy Director-General Mr. Amador Honrado on August 30, 2018 at the CACCI Secretariat office in Taipei. Mr. O’Gallagher briefed Mr. Lin and Mr. Honrado on the upcoming Regional Australia Asia Chambers Forum scheduled to be held on May 2-3, 2019 in Darwin, Australia. The two sides also exchanged ideas on how CACCI can help promote the Forum to its members, and how the Chamber of Commerce Northern Territory can use the CACCI platform – such as the upcoming 32nd CACCI Conference to be held on November 23-24, 2018 in Istanbul – to disseminate information on its activities and drum up participation of CACCI members.
V. Other activities
A. Project proposals for CACCI Foundation funding
(73) CACCI invited its Primary Members and Affiliate Members to submit formal proposals on projects that they wish to be financed by the CACCI Foundation. The CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship and the development of small and medium enterprises. The ultimate objective is to assist chambers in Asian developing countries region to become sustained contributors to the economic development of the private sector. CACCI called on Primary and Affiliate Members to submit formal proposals on projects – either ongoing or still to be implemented – that encourage entrepreneurship and promote the growth and development of SMEs, thereby helping achieve the objective of the CACCI Foundation.
B. Creation of LinkedIn Page
(74) CACCI created its own LinkedIn account as additional social media platform for disseminating information to both members and non-members alike and for encouraging discussion and dialogue on issues of common concern.
C. Teleconferences with the World Chambers Federation
(75) The CACCI Secretariat participated in two teleconferences with ICC World Chambers Federation – one on October 27 and the other on December 1. The two sides updated each other on their ongoing and upcoming activities, as well as discussed other possible areas of cooperation between the two organizations.
D. Dissemination of ASEAN Investment Report 2017
(76) In addition, the CACCI Secretariat disseminated to all CACCI members copies of the ASEAN Investment Report 2017, which was launched at the ASEAN Business and Investment Summit held in Manila on November 13, 2017.
E. Publication of the latest newsletters of CACCI Product and Service Councils
(77) CACCI published the latest editions of the newsletters of the following CACCI Product and Service Councils:
(77.a) Asian Tourism Council
(77.b) Asian Council on Food and Agriculture
(77.c) Asian Council on Health and Education
(77.d) CACCI Women Entrepreneurs Council
(77.e) Young Entrepreneurs Group of Asia-Pacific
(77.f) Asian Council on Water, Energy and Environment
(77.g) Asian ICT Council
(77.h) Asian Council on Textiles and Garments
(77.i) SME Development Council
(77.j) Asian Council on Contracting and Construction
(77.k) Asian Council on Trade Facilitation
CACCI members invited to 5th Eastern Economic Forum in Vladivostok
Vladivostok – CACCI is pleased to share with its members an invitation to the 5th Eastern Economic Forum (EEF) to be held on September 4-6, 2019 in Vladivostok, Russia. Organized by the Rosscongress Foundation, the EEF aims to: (a) strengthen ties between the international investment community, Russian business, and federal, regional, and local government bodies; (b) conduct […]
CACCI members invited to 5th Eastern Economic Forum in Vladivostok
Vladivostok – CACCI is pleased to share with its members an invitation to the 5th Eastern Economic Forum (EEF) to be held on September 4-6, 2019 in Vladivostok, Russia.
Organized by the Rosscongress Foundation, the EEF aims to: (a) strengthen ties between the international investment community, Russian business, and federal, regional, and local government bodies; (b) conduct a comprehensive expert assessment of the economic potential of the Russian Far East as well as improve the region’s competitiveness and attractiveness to investors both nationally and internationally; (c) showcase new investment and business opportunities such as advanced special economic zones, Vladivostok Free Port and state support for high-potential investment projects.
The Forum’s agenda includes discussion of key issues in the world economy, regional integration and the development of new industrial and technological sectors, as well as of the global challenges facing Russia and other nations.
The Chamber of Commerce and Industry of the Russian Federation (CCIRF), a Primary Member of CACCI, is EEF Knowledge Partner and is actively involved in the process of creating the architecture of the Forum, preparing the participants list, and organizing the exhibition, panel sessions and roundtables on the key international and regional issues. According to the CCIRF, the Forum business program includes a number of business dialogues with leading partner countries in the Asia-Pacific region and with ASEAN.
Detailed information about EEF 2019 is available at the web-site HERE.
Winners of 4 CACCI competitions
Ankara – During the 32nd CACCI Conference in Istanbul on November 23-24, 2018, CACCI awarded the winners of four different competitions: Local Chamber, Asia-Pacific Young Entrepreneur, Asia-Pacific Woman Entrepreneur and 3rd Hydropower and Clean Energy. The winners were: 8th Local Chamber Awards There were two winners for the 8th Local Chamber Awards. […]
Ankara – During the 32nd CACCI Conference in Istanbul on November 23-24, 2018, CACCI awarded the winners of four different competitions: Local Chamber, Asia-Pacific Young Entrepreneur, Asia-Pacific Woman Entrepreneur and 3rd Hydropower and Clean Energy. The winners were:
8th Local Chamber Awards
There were two winners for the 8th Local Chamber Awards. The Aegean Region Chamber of Industry from Turkey won under the Big Chamber category, and the Union The Primorsky Chamber of Commerce and Industry from Russia was proclaimed the winner under the Small Chamber category. The two chambers were cited for their outstanding achievements in promoting the industrial, commercial and social well-being of their respective communities and their contribution to the chamber movement.
7th Asia-Pacific Young Entrepreneur Award
CACCI presented the 7th Asia-Pacific Young Entrepreneur Award to Ms. Nazanin Daneshvar, Founder and CEO of Takhfifan from Iran, who was cited for her entrepreneurial and business leadership, contribution to the social well being of the local community, practice of good business ethics, and support of the chamber movement in the region. A Special recognition was also given to Mr. Roman Nikolaevich Bobylev, Found/Head of Lozaholding from Russia, who was cited for his achievements despite his physical disability.
2nd Asia-Pacific Woman Entrepreneur Award
Two nominees were declared joint Winners of the 2nd Asia-Pacific Woman Entrepreneur Award, namely: Ms. Sherill R. Quintana, President/CEO of Oryspa Spa Solutions, Inc. from the Philippines, and and Ms. Zeynep Erkunt Armagan, Chairperson of Erkunt Tractor Industries Ltd. from Turkey. Mr. Quintana and Ms. Armagan were both cited for their entrepreneurial and business leadership, contribution to the social well being of the local community, practice of good business ethics, and support of the chamber movement in the region.
3rd Hydropower and Clean Energy Award
The winner of the 3rd Hydropower and Clean Energy Excellence Award was Meghna Group of Industries from Bangladesh. The company was cited for its significant contribution to the sustainable promotion, support and development of clean energy in the Asia Pacific region.
The winners were announced and received their awards from the Immediate Past President Mr. Jemal Inaishvili and newly elected CACCI President Mr. Samir Modi
CACCI takes this opportunity to thank all members who participated – in one way or another – in the 2018 CACCI Awards. CACCI looks forward to CACCI members’ continued support and cooperation in future Awards Program.
CACCI members invited to St. Petersburg SPIEF’19
Moscow – CACCI is pleased to convey an invitation to all CACCI officers and members to attend the 23rd St. Petersburg International Economic Forum (SPIEF’19) to be held on June 6-8, 2019 in St. Petersburg, Russia. Organized by the Rosscongress Foundation, the SPIEF is an international platform for discussion of the key issues on the […]
Moscow – CACCI is pleased to convey an invitation to all CACCI officers and members to attend the 23rd St. Petersburg International Economic Forum (SPIEF’19) to be held on June 6-8, 2019 in St. Petersburg, Russia.
Organized by the Rosscongress Foundation, the SPIEF is an international platform for discussion of the key issues on the global economic agenda. In 2018, the Forum brought togeher over 17,000 participants – business representatives, heads of international organizations, officials, experts, scientists and media from 143 countries.
The Chamber of Commerce and Industry of the Russian Federation (CCIRF), a Primary Member of CACCI, is Knowledge Partner of the Forum. It is also the main organizer of panel sessions on cooperation within SCO (Shanghai Cooperation Organization), BRICS (Brazil, Russia, India, China and South Africa), and some other issues of economic development.
Detailed information about SPIEF’19 s available at the website HERE.
CACCI members invited to ICC & WCC Competition
Paris – The International Chamber of Commerce (ICC) in conjunction with the 11th World Chambers Congress are inviting CACCI members to submit nominations to join the 2019 World Chambers Competition. The competition is scheduled to take place on June 12-14, 2019 in Rio de Janeiro, Brazil. If CACCI Chambers are interested to participate, please click […]
Paris – The International Chamber of Commerce (ICC) in conjunction with the 11th World Chambers Congress are inviting CACCI members to submit nominations to join the 2019 World Chambers Competition.
The competition is scheduled to take place on June 12-14, 2019 in Rio de Janeiro, Brazil.
If CACCI Chambers are interested to participate, please click HERE for details. Your nomination must be submitted before January 15, 2019.
Sincerely yours,
Ernest Lin Director-General Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
CACCI joins 3rd ASEAN Young Entrepreneurs Carnival
Singapore – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) – represented by Deputy Director-General Mr. Amador Honrado Jr. – participated in the 3rd ASEAN Young Entrepreneurs Carnival upon the invitation of the Singapore Business Federation and the ASEAN Young Entrepreneurs Council. Held on 13-14 November 2018 at the Raffles City Convention Centre in Singapore, the Carnival […]
CACCI joins 3rd ASEAN Young Entrepreneurs Carnival
Singapore – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) – represented by Deputy Director-General Mr. Amador Honrado Jr. – participated in the 3rd ASEAN Young Entrepreneurs Carnival upon the invitation of the Singapore Business Federation and the ASEAN Young Entrepreneurs Council. Held on 13-14 November 2018 at the Raffles City Convention Centre in Singapore, the Carnival was attended by young business leaders from 14 countries
Focusing on the theme “Smart Leaders: Smart Businesses”, the Carnival sought to strengthen ASEAN as a resilient and innovative region and connect ASEAN’s economies and businesses through digital technology. The two-day event deployed the use of artificial intelligence and analytics in a specially organized workshop to help delegates analyse their business performance, recommend improvements to strengthen their management capabilities, and help improve the appeal to financier, all with lesser human intervention.
The Carnival also delved on enhancing collaborations for five industries, namely:
(a) IT and Technology
(b) Agribusiness and commodities
(c) Construction and real estate development
(d) Supply chain and logistics
(e) Consumer goods
The Plenary Sessions of the Carnival focused on the following topics:
I. Future of Business in ASEAN – Key discussion topics included: macroeconomic developments in ASEAN; how ASEAN will be impacted by developments in regulatory environment and technology advancements; and opportunities for future business in ASEAN.
II. Regional Partnership with ASEAN – Key discussion topics included: present and future regional cooperation and business opportunities between ASEAN and dialogue partners; developments on the Belt and Road Initiative and ASEAN’s Roles in maritime and overland routes; future growth opportunities for businesses beyond infrastructure (e.g., digital connectivity, agriculture investments, technology and food security)
III. SMART Innovation – Key discussion topics included: how businesses generate new ideas and technologies to turn them into new business realities, sustained by new business models; and how to learn from successful businessmen and their innovative business models using disruptive technologies.
IV. SMART Financing – Key discussion topics included : what are some of the traditional financing modalities for businesses; what are the new and emerging trends in business financing options; and what potentia;l troles does cryptocurrencies and initial coin offerings have in the new financing landscape.
V. Financing and Fundraising – This session provided insights on how ASEAN small and medium enterprises fare against peers in their respective industries n terms of business performance, the implications on their valuation and funding requirements.
The Carnival featured as Guest of Honour Ms. Sim Ann, Senior Minister of State, Ministry of Communications and Information, and Ministry of Culture, Community and Youth, Singapore.
New CACCI President, Vice Presidents, Treasurer & Budget Commissioners elected
Istanbul – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is pleased to officially announce the election of Mr. Samir Modi as the new President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) for the next two years (2018-2020). Mr. Modi was elected during the 89th CACCI Council Meeting held […]
New CACCI President, Vice Presidents, Treasurer & Budget Commissioners elected
Istanbul – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is pleased to officially announce the election of Mr. Samir Modi as the new President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) for the next two years (2018-2020). Mr. Modi was elected during the 89th CACCI Council Meeting held on November 23, 2018 in conjunction with the 32nd CACCI Conference in Istanbul, Turkey. He replaces Mr. Jemal Inaishvili, who served as President for two consecutive terms from 2014 to 2018.
Mr. Modi is concurrently Executive Director, K. K. Modi Group; Executive Director, Godfrey Phillips India Limited; Director, Indofil Industries Limited; President, 24 Seven Convenience Stores; Managing Director, Colorbar Cosmetics Pvt. Ltd. and Managing Director, Modicare Private Limited. He served as CACCI Senior Vice President prior to assuming the Presidency.
In his Acceptance Speech, Mr. Samir Modi said: “As I’ve learned from the various CACCI events and activities that I attended over the past two years – many of which were led by former CACCI Presidents, including my father Mr. K. K. Modi and of course, our Immediate Past President Mr. Jemal Inaishvili – the CACCI presidency is a position that carries with it enormous responsibility and challenges. Keeping the Confederation dynamic and in the forefront of the chamber movement in the region is a daunting task for any leader, given the rapid changes in the world economy and their impact on the region’s markets. However, I am confident of working harmoniously with the new team of officers who, individually, are committed to push our Confederation forward.”
Mr. Samir Modi is the son of Mr. K. K. Modi, former CACCI President for the 2002 to 2006 period.
The other newly-elected CACCI office bearers include the following:
Vice Presidents
Peter McMullin (ACCI)
Sheikh Fazle Fahim (FBCCI)
Pedram Soltani (ICCIMA)
Wyler Wong (Kowloon Chamber)
Teruo Asada (JCCI)
Magvan Oyunchimeg (MNCCI)
Pradeep Kumar Shrestha (FNCCI)
Henry Kao (CIECA)
Rifat Hisarciklioglu (TOBB)
Honorary Treasurer
Ernest Yuen (Kowloon Chamber)
Budget Commission
Steve Hsieh (CIECA)
Obaidur Rahman (FBCCI)
Muhammad Iqbal Thaheem (FPCCI)
CACCI ardently hope that all 27 national chambers of commerce and industry, 46 member chambers of commerce and industry and more than 300 life time special members will give Mr. Samir Modi and the other newly-elected CACCI Vice-President and officers the same kind of support and cooperation that you have extended to Mr. Inaishvili and other previous CACCI office-bearers.
Asia Pacific region is strategic for Turkish economy – Turkish Trade Minister Ruhsar Pekcan
Istanbul – Turkish Trade Minister Ruhsar Pekcan expressed pleasure at attending the 32nd CACCI Conference held on November 23-24, 2018. Sponsored by the Turkey Chambers and Commodity Exchanges (TOBB), and under the patronage of the Turkish Presidency and in cooperation with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the CACCI Conference was […]
Asia Pacific region is strategic for Turkish economy – Turkish Trade Minister Ruhsar Pekcan
Istanbul – Turkish Trade Minister Ruhsar Pekcan expressed pleasure at attending the 32nd CACCI Conference held on November 23-24, 2018. Sponsored by the Turkey Chambers and Commodity Exchanges (TOBB), and under the patronage of the Turkish Presidency and in cooperation with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the CACCI Conference was honored by the participation of the Minister of Trade Pekcan, who expressed support and encouragement to the conference.
Pekcan pointed out that it is important that young entrepreneurs, women entrepreneurs and SMEs participated in the CACCI conference this year and said that the world economy cannot be interpreted correctly without understanding developments in the Asia Pacific region.
Minister Pekcan said that Asia’s weight in the global economy is gradually increasing. “While the share of Asia Pacific countries in the global economy was 23.1 percent in 2001, it increased to 29.7 percent in 2017. In the same period, the share of global exports increased from 25.8 percent to 33.7 percent. It clearly shows that the Asia Pacific region has become a new center of gravity for global production and trade.
These developments show that acceleration will continue. Moreover, one thing is certain: a competitive, industrialized, urbanized Asia must become a consumption economy in the near future. For this reason, the Asia Pacific Region will be of strategic importance to the Turkish economy and Turkish exporter in the next decades. We will carry out policies based on this global mega-trend. ” the Trade Minister added.
Pekcan said that “the Ministry specifically has identified China and India as targets and developed new strategies for these countries, and that the action plans are prepared,” the Minister said.
“The Pacific is the ocean of the future” – TOBB President Rifat Hisarcıklıoğlu
Istanbul – TOBB President and CACCI Vice President M. Rifat Hisarcıklıoğlu, in his speech at the 32nd CACCI Conference themed “Asia: Expanding Boundaries” held on November 23-24, 2018 and in the presence of the Minister of Trade, Ruhsar Pekcan, said that “the Mediterranean was the ocean of the old world. The Atlantic is today’s ocean. […]
“The Pacific is the ocean of the future” – TOBB President Rifat Hisarcıklıoğlu
Istanbul – TOBB President and CACCI Vice President M. Rifat Hisarcıklıoğlu, in his speech at the 32nd CACCI Conference themed “Asia: Expanding Boundaries” held on November 23-24, 2018 and in the presence of the Minister of Trade, Ruhsar Pekcan, said that “the Mediterranean was the ocean of the old world. The Atlantic is today’s ocean. The Pacific is the ocean of the future. The center of gravity of the world economy is shifting to Far Asia and that we are entering the Pacific century.”
Hisarcıklıoğlu further said that “all kinds of products are produced here, in different quality and scales. With over 3 billion consumers, the largest global market is here. Both, economic growth and the increase in imports of goods and services, are above the world’s average. Therefore, the Asia Pacific region is becoming increasingly important for the global economy. It has a decisive power in the course of the world economy.
TOBB President and CACCI Vice President M. Rifat Hisarcıklıoğlu pointed out the importance of Istanbul in the world. “Istanbul was the capital of 3 great empires, the only city in the world that is located on 2 continents. Napoleon stressed the strategic importance of this place by saying “If the world was a single country, its capital would be Istanbul.” Hisarcıklıoğlu added that the Istanbul New Airport, which opened last month and which is one of the largest in the world, will bring Istanbul into a transit center.
Hisarcıklıoğlu, who thanked Vice President Fuat Oktay and Minister of Trade Ruhsar Pekcan for their participation and contributions, also used the opportunity to congratulate the immediate past CACCI President Jemal Inaishvili for his work and the election of Samir Modi as the new CACCI President.
The running star: Asia Pacific
Stating that the Asia Pacific region covers 40 percent of the world’s population, 30 percent of the global trade volume and 23 percent of the world’s economic size, Hisarcıklıoğlu emphasized that Asia Pacific is pulling global growth. Asia-Pacific countries provide 60% of the growth in the world economy. While the economic growth in the world is 4 percent, it is over 5 percent in this region. So the Asia-Pacific continues to grow faster. In addition, Asia Pacific countries are investing $470 billion internationally annually.
The world’s 3 largest economies, the US, China, Japan are in the Pacific. For the first time in history, trade across the Pacific has crossed the Atlantic, making the 21st century the Pacific Century.
In this period of change in the world, CACCI’s conference in Turkey is of great importance. Turkey exports $ 170 billion a year and exports $ 50 billion and because of its geographical position, it has a large industrial production base.
Currently, Turkey is the 6th largest supplier of the European Union. Turkey also has great potential and wants to develop Asia-Pacific business. Turkey aims to increase the trade and investments between us, to establish new cooperation and partnerships. We want a strong economic integration with the Asia-Pacific region. As TOBB, we accept CACCI members as strategic partners, he said.
An opportunity to get closer
The vision of business in the Asia-Pacific Region with the Turkish business world will ensure a strong and lasting economic integration, expressed Hisarcıklıoğlu. By holding the conference in Turkey, CACCI, an umbrella business organization of the Asia-Pacific Region, allows companies on their own to come together.
So far, there is a desire to establish strong economic relations with Asia, TOBB President said. This conference it an important opportunity, CACCI Vice President M. Rifat Hisarcıklıoğlu said. Here in Turkey, there are business people in each sector. Let’s talk about trade and investment opportunities he added.
Danger of protectionism
Hisarcıklıoğlu stated that one of the biggest economic problems faced today is increasing protectionism and the biggest loss is seen by developing countries. Hisarcıklıoğlu said that G20 countries, which constitute the world’s 20 largest economies, have taken 40 new trade restrictive measures in the first half of 2018, totaling USD 480 billion. It has reached a record level of restrictions and the United States is leading the measures. He added that we must overcome this problem together.
We need to identify commercial barriers between us and work with our governments to remove them. After that, our main agenda should be Trade Facilitation because trade is the greatest source of peace, he concluded.
Successful 32nd CACCI Conference concludes in Istanbul
Istanbul – The Asia-Pacific Economic Summit, hosted by TOBB President and CACCI Vice President M. Rifat Hisarcıklıoğlu, ended after several parallel sessions, bilateral business meetings, Product and Council meetings, particular meeting and cooperation talks. The last section of the 32nd CACCI (Confederation of Chambers of Commerce and Industry of Asia Pacific) Conference held the 90th […]
Successful 32nd CACCI Conference concludes in Istanbul
Istanbul – The Asia-Pacific Economic Summit, hosted by TOBB President and CACCI Vice President M. Rifat Hisarcıklıoğlu, ended after several parallel sessions, bilateral business meetings, Product and Council meetings, particular meeting and cooperation talks.
The last section of the 32nd CACCI (Confederation of Chambers of Commerce and Industry of Asia Pacific) Conference held the 90th Council Meeting chaired by Samir Modi, who took over from Jemal Inaishvili as new President of CACCI. TOBB President Hisarcıklıoğlu, who was re-elected as CACCI Vice President, also made evaluations about the conference and pressing issues in the international business environment. The summit ended with a cocktail and gala dinner featuring colorful events.
Five new CACCI Lifetime Special Members: Saudi Arabia, Bangladesh and Mongolia
Taipei – Since the 88th CACCI Council Meeting held on September 18, 2017 in Sydney Australia, the CACCI Council has received five applications for Lifetime Special Membership. The newest Lifetime Special Members include one from Saudi Arabia, two from Bangladesh and two from Mongolia, as following: (1) Mr. Yassin Saeed Al Suroor – Mr. Yassin […]
Five new CACCI Lifetime Special Members: Saudi Arabia, Bangladesh and Mongolia
Taipei – Since the 88th CACCI Council Meeting held on September 18, 2017 in Sydney Australia, the CACCI Council has received five applications for Lifetime Special Membership.
The newest Lifetime Special Members include one from Saudi Arabia, two from Bangladesh and two from Mongolia, as following:
(1) Mr. Yassin Saeed Al Suroor – Mr. Yassin Saeed Al Suroor is the President and CEO of the Arab Economic and Business Group (Aa’Mal Group), which is based in Saudi Arabia with global offices. A’amal Group was founded by a group of high caliber businessmen with an extensive experience in oil, gas, civil engineering and construction (privatization) industry region wide.
(2) Mrs. S. Ayesha Akhtar Jahan – Mrs. Ayesha Akhtar Jahan is Managing Director of Pandora Associates from Bangladesh. Established in 1999, Pandora Associates Ltd. is a company that aims to develop capacity of textile & garment sector & their human resources. Its Marketing & Technical support, Information Technology & Quality Assurance department supports the customers to grow and achieve professional excellence.
(3) Shan Sabil (BD) Ltd. from Bangladesh – With Md. Gias Uddin Bhuiyan as its Managing Director, Shan Sabil (BD) Ltd. is engaged in indenting, imports, and exports and is a supplier of garments accessories. It has offices in the country’s capital city of Dhaka and in Chittagong.
Mr. Md. Gias Uddin Bhuiyan visited CACCI Secretariat early in May 2018
(4) Mongol Basalt JSC from Mongolia – Founded in 2007, ‘Mongol Basalt’ JSC is the first and only company that produces stone wool insulation materials in Mongolia. It currently produces and sells its own brand of rockwool named Basaltwool that is used for insulation and soundproofing
CACCI President Inaishvili, Senior VP Samir Modi, and VP Oyunchimeg Magvan present Certificate of Membership and CACCI pin to the newly admitted Lifetime Special Member from Mongolia – Mongol Basalt JSC
(5) Bishrelt Group from Mongolia – Bishrelt Group was established as a Bishrelt trade and service company in 1994. Since then, it has expanded its business scope, employing over 1500 employees in its 14 subsidiary companies, and became one of the biggest groups in Mongolia. It business scope includes banking and finance, production, and trade and services.
CACCI President Inaishvili, Senior VP Samir Modi, and VP Oyunchimeg Magvan present Certificate of Membership and CACCI pin to the newly admitted Lifetime Special Member from Mongolia – Bishrelt Group
WTO’s Deputy Director-General Yi Xiaozhun – Keynote speaker at CACCI Conference
Photo from WTO website Istanbul – World Trade Organization’s Deputy Director-General Yi Xiaozhun will be delivering the keynote speech at the 32nd CACCI Conference in Istanbul on November 24, 2018. Mr. Yi Xiaozhun has been a Deputy Director-General at the World Trade Organization since October 2013. Yi Xiaozhun has extensive experience in world trade and economics, […]
WTO’s Deputy Director-General Yi Xiaozhun – Keynote speaker at CACCI Conference
Photo from WTO website
Istanbul – World Trade Organization’s Deputy Director-General Yi Xiaozhun will be delivering the keynote speech at the 32nd CACCI Conference in Istanbul on November 24, 2018.
Mr. Yi Xiaozhun has been a Deputy Director-General at the World Trade Organization since October 2013. Yi Xiaozhun has extensive experience in world trade and economics, both as a senior government official and subsequently as China’s ambassador to the WTO. He represented China as a key negotiator in China’s WTO accession process, making an important contribution to the negotiations.
Prior to becoming China’s ambassador to the WTO in 2011, Mr Yi was Assistant Minister and subsequently China’s Vice Minister of Commerce in charge of multilateral and regional trade negotiations and cooperation. Besides his contribution to China’s WTO accession, he played a leading role in negotiating numerous free trade agreements (FTAs), including the China- ASEAN agreement, China’s first FTA. He also worked as a diplomat at the Chinese Embassy in the United States for more than four years from the late 1980s to the early 1990s.
Mr Yi obtained a Master’s degree in economics from Nankai University in China in 1999.
Asia Expanding Boundaries
The 32nd CACCI Conference will identify measures that the business sector and governments in the region can undertake to address the challenges being faced by the global economy and take full advantage of the current opportunities, enabling them to grow and expand beyond the domestic borders.
Speakers at the Conference will discuss how chambers and businessmen in the region can work closely together in defining a new role for the Asian business community in achieving a sustainable economic growth, grasping opportunities outside the usual geographical and technological boundaries, and managing shared risks and problems amid a rapidly changing world market.
Wellington, Lao, Primorsky, Darwin & Turkey present business opportunities
Istanbul – As part of the program for the upcoming 32nd CACCI Conference on November 23-24, 2018 in Istanbul, Turkey, we are once again organizing a special session entitled “Discover Business Opportunities Through CACCI”. Scheduled on the afternoon of November 23, this session will feature special country presentations by representatives from selected CACCI member-countries. The […]
Wellington, Lao, Primorsky, Darwin & Turkey present business opportunities
Istanbul – As part of the program for the upcoming 32nd CACCI Conference on November 23-24, 2018 in Istanbul, Turkey, we are once again organizing a special session entitled “Discover Business Opportunities Through CACCI”. Scheduled on the afternoon of November 23, this session will feature special country presentations by representatives from selected CACCI member-countries.
The country presentations are intended to provide the Conference delegates the opportunity to obtain more information about the economic and business conditions and the trade and investment opportunities in the various CACCI member countries, as well as to learn more about the CACCI Primary Members and their activities. These country presentations have become an integral part of our annual Conferences in order to provide all CACCI Primary Members the opportunity to promote their respective countries.
For the “Discover Business Opportunities Through CACCI” this year, we have invited the following chambers to make their respective country presentations:
Wellington Chamber of Commerce (New Zealand)
Lao National Chamber of Commerce and Industry (Laos)
Chamber of Commerce and Industry of Primorsky Region (Vladivostok, Russia)
Chamber of Commerce Northern Territory (Darwin, Australia)
Union of Chambers and Commodity Exchanges of Turkey (Turkey)
We therefore hope you will join our Istanbul Conference, and discover business opportunities in the above-mentioned presenting countries.
For more details about the speakers’ lineup, meetings and to register, please visit the…
CACCI Officers visit “Ulaanbaatar Partnership 2018” International Trade Fair
Ulaanbaatar – A CACCI Presidential delegation of more than 30 members from Bangladesh, China, Georgia, Hong Kong, India, the Philippines and Taiwan participated in the formal Opening Ceremony of the “Ulaanbaatar Partnership 2018”. CACCI President Jemal Inaishvili used the opportunity to thank MNCCI leadership for the invitation to Mongolia, as well as to visit many […]
CACCI Officers visit “Ulaanbaatar Partnership 2018” International Trade Fair
Ulaanbaatar – A CACCI Presidential delegation of more than 30 members from Bangladesh, China, Georgia, Hong Kong, India, the Philippines and Taiwan participated in the formal Opening Ceremony of the “Ulaanbaatar Partnership 2018”. CACCI President Jemal Inaishvili used the opportunity to thank MNCCI leadership for the invitation to Mongolia, as well as to visit many exhibitors.
The Mongolian National Chamber of Commerce and Industry (MNCCI) organizes annually, in collaboration with the Mayor Administration of Ulaanbaatar City, this important international trade fair named “Ulaanbaatar Partnership” which attracts more than 100 international exhibitors. The purpose of the trade fair is to present commodity products and services of domestic and foreign enterprises promoting their businesses between and among interested parties.
Ulaanbaatar Partnership 2018 featured a CACCI booth in which some members of the CACCI visiting delegation from India – mainly women entrepreneurs – displayed their products and catalogues, along with CACCI promotional materials.
CACCI visits Gobi Cashmere Factory
Ulaanbaatar – As part of its mandate to promote trade and business growth, a CACCI delegation led by President Jemal Inaishvili, Vice President Samir Modi, and other international delegates visited Gobi Corp., which is one of the five largest vertically integrated producers of cashmere in the world. Established in 1981, the company holds […]
Ulaanbaatar – As part of its mandate to promote trade and business growth, a CACCI delegation led by President Jemal Inaishvili, Vice President Samir Modi, and other international delegates visited Gobi Corp., which is one of the five largest vertically integrated producers of cashmere in the world.
Established in 1981, the company holds 60% of the domestic market of cashmere, and exports to over 30 countries globally. Its current production capacity processes 20% of Mongolia’s annual cashmere output, a country that supplies more than 30% of the global raw cashmere output. The company’s factory store is the largest cashmere store in Mongolia occupying an area of 1,150 sqm.
MNCCI hosts Gala dinner for CACCI Officers
Ulaanbaatar – On September 7, 2018, MNCCI organized and hosted a Gala Dinner for the CACCI delegates and Mongolian women entrepreneurs who participated in the Ulaanbaatar Partnership 2018 and the Women’s Entrepreneurship Day. The Dinner also served as an occasion for MNCCI to cite the previous years’ recipients of the CACCI Golden Award […]
Ulaanbaatar – On September 7, 2018, MNCCI organized and hosted a Gala Dinner for the CACCI delegates and Mongolian women entrepreneurs who participated in the Ulaanbaatar Partnership 2018 and the Women’s Entrepreneurship Day.
The Dinner also served as an occasion for MNCCI to cite the previous years’ recipients of the CACCI Golden Award presented annually to the Best Company of the Year Mongolia.
The evening affair also saw CACCI President Mr. Inaishsvili formally presenting the Certificate of Membership and the CACCI pin to the newly admitted Lifetime Special Members from Mongolia, namely: Mongol Basalt JSC and Bishrel Group.
CIECA Chairman Henry Kao hosts CACCI leaders
Lunch hosted by CIECA at the Sheraton Grand Hotel Taipei – On September 3, 2018, Henry Kao, Chairman of CIECA (Chinese International Economic Cooperation Association) arranged a lunch at the Sheraton Grand Hotel for the CACCI leaders visiting Taipei. Among the participants, there were two representatives from a Taiwanese logistics company who discussed possible business […]
Taipei – On September 3, 2018, Henry Kao, Chairman of CIECA (Chinese International Economic Cooperation Association) arranged a lunch at the Sheraton Grand Hotel for the CACCI leaders visiting Taipei. Among the participants, there were two representatives from a Taiwanese logistics company who discussed possible business collaboration with CACCI President Jemal Inaishvili, as well as a representative from a leading cosmetics and beauty product company in Taiwan, who explored possible areas of business cooperation with CACCI Vice President Samir Modi.
Tour of the National Concert Hall and the National Theater Hall
After lunch, Mr. Inaishvili and Mr. Modi visited the National Concert Hall and the National Theater Hall located within the Chiang Kai Shek Memorial Hall Complex. They were accompanied by CIECA Chairman Henry Kao, who is also a member of the Board of the group managing the two Halls, on a guided tour around the two theaters.
Dinner Hosted by CIECA Chairman Henry Kao
The day ended with a dinner hosted by CIECA Chairman Mr. Henry Kao at the World Trade Center Club. The invited guests included officers of the Bureau of Foreign Trade, Ministry of Economic Affairs led by Director General Ms. Jen-Ni Yang, who underscored the current efforts of Taiwan to further strengthen the country’s trade relations with other Asian countries, especially India; the representative of Anko Food Processing Machines to whom Mr. Modi expressed his interest to buy some of his machines for the commissary he is setting up for this convenience store operations; and other officers of CIECA and CACCI.
Taiwan will do everything possible to participate in 2nd round of CPTPP negotiation: President Tsai
President Tsai also said Taiwan will continue to uphold regional economic integration By Teng Pei-ju, Taiwan News, Staff Writer, 2018/09/04 15:48 Taipei (Taiwan News) – President Tsai Ing-wen (蔡英文) said Tuesday that Taiwan will continue efforts to promote regional economic integration and to participate in the trans-pacific agreement that was inked earlier this year by 11 countries. The […]
Taiwan will do everything possible to participate in 2nd round of CPTPP negotiation: President Tsai
President Tsai also said Taiwan will continue to uphold regional economic integration
By Teng Pei-ju, Taiwan News, Staff Writer, 2018/09/04 15:48
Taipei (Taiwan News) – President Tsai Ing-wen (蔡英文) said Tuesday that Taiwan will continue efforts to promote regional economic integration and to participate in the trans-pacific agreement that was inked earlier this year by 11 countries.
The president met with the delegation of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the largest trade and industry association in the Asia-Pacific region, including its president Jemal Inaishvili and vice president Samir Modi, on Tuesday at the Presidential Office.
Speaking of recent trade disputes and protectionist measures implemented in certain countries, which have brought about much uncertainty to the global market, including Asia, the president said Taiwan will continue to uphold a liberal trade policy and promote regional economic integration through taking part in bilateral or multilateral trade agreements.
“We will continue our efforts to participate in regional economic integration and initiatives, like the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), and doing everything possible to participate in the second round of negotiation,” added President Tsai.
Tabbing the CACCI as a very important non-governmental partner, the president said the government looks forward to strengthening cooperation with the organization and hopes it can also help with the implementation of her administration’s New Southbound Policy in partner countries across South and Southeast Asia.
The president also encouraged the CACCI to continue fostering the growth and development of enterprises in the Asia-Pacific region, particularly those that operate in smaller scales or are run by women and young people.
The CACCI, founded in 1966, describes itself as a regional organization of business enterprises which covers 27 economies in Asia and the Western Pacific. The CACCI delegation is in Taiwan until Sept. 5, before heading to Mongolia for a business conference. On Monday, the delegation visited I-Mei’s factory in Taoyuan and was received by the company’s chairman Henry Kao (高志尚).
News report and photos courtesy of Taiwan News. View the original report at https://www.taiwannews.com.tw/en/news/3522096
Photo courtesy of the Office of the President of the Republic of China
Chamber of Commerce Northern Territory Deputy CEO visits CACCI Secretariat
Taipei – Mr. Brian O’Gallagher, Deputy Chief Executive Officer of the Chamber of Commerce Northern Territory, met with CACCI Director-General Mr. Ernest Lin and Deputy Director-General Mr. Amador Honrado on August 30, 2018 at the CACCI Secretariat office in Taipei. Mr. O’Gallagher briefed Mr. Lin and Mr. Honrado on the upcoming Regional Australia Asia Chambers […]
Chamber of Commerce Northern Territory Deputy CEO visits CACCI Secretariat
Taipei – Mr. Brian O’Gallagher, Deputy Chief Executive Officer of the Chamber of Commerce Northern Territory, met with CACCI Director-General Mr. Ernest Lin and Deputy Director-General Mr. Amador Honrado on August 30, 2018 at the CACCI Secretariat office in Taipei.
Mr. O’Gallagher briefed Mr. Lin and Mr. Honrado on the upcoming Regional Australia Asia Chambers Forum scheduled to be held on May 2-3, 2019 in Darwin, Australia. The two sides also exchanged ideas on how CACCI can help promote the Forum to its members, and how the Chamber of Commerce Northern Territory can use the CACCI platform – such as the upcoming 32nd CACCI Conference to be held on November 23-24, 2018 n Istanbul – to disseminate information on its activities and drum up participation of CACCI members.
Mr. O’Gallagher was in Taipei to attend the 32nd Joint Conference of the ROC-Australia and Australia-Taiwan Business Councils held on August 31, 2018 at the Formosa Regent Hotel in Taipei and hosted by the Chinese International Economic Cooperation Association (CIECA), CACCI Primary Member from Taiwan.
Key CACCI Officers call on ROC President
Taipei – CACCI President Mr. Jemal Inaishvili and CACCI Senior Vice President Mr. Samir Modi made courtesy calls on Her Excellency President Tsai Ing-Wen of the Republic of China (ROC) September 4, 2018. CACCI President Jemal Inaishvili shakes hand with ROC President Tsai. During their meeting, Mr. Inaishvili and Mr. Modi, re-introduced CACCI and its […]
Taipei – CACCI President Mr. Jemal Inaishvili and CACCI Senior Vice President Mr. Samir Modi made courtesy calls on Her Excellency President Tsai Ing-Wen of the Republic of China (ROC) September 4, 2018.
CACCI President Jemal Inaishvili shakes hand with ROC President Tsai.
During their meeting, Mr. Inaishvili and Mr. Modi, re-introduced CACCI and its activities to President Tsai, highlighting the important role played by Taiwan in the establishment and activities of the Confederation, including the hosting of its Permanent Secretariat in Taipei since 1981, the holding of several of its annual Conferences and Summit Meetings in the island, and the strong support it has received from the Taiwanese government and leading Taiwanese businessmen over the years. They also reiterated their appreciation to President Tsai for gracing the Opening Ceremony of the 30th CACCI Conference and 50th Anniversary celebration held in Taipei in 2016.
CACCI Senior VP Samir Modi and CACCI President Jemal Inaishvili listen to ROC President Tsai as she talks about the role of CACCI in promoting economic cooperation in the region.
The two CACCI officers also informed President Tsai of their scheduled visit to Mongolia on September 6-8 where they were to meet with the President and Prime Minister of the country, as well as to attend Ulaanbaatar Partnership, the largest trade exhibition of Mongolia.
They likewise informed the ROC leader about the upcoming 32nd CACCI Conference on November 23-24, 2018 in Istanbul, Turkey in which several businessmen and experts from Taiwan have been invited as speakers in the various Conference sessions.
For her part, President Tsai underscored the important role played by CACCI in promoting economic cooperation among countries in the region and between Taiwan and other CACCI member countries. She also recognized the critical role of CACCI, given the geographical scope of its membership, in the implementation of her administration’s Southbound Policy.
Members’ Suggestions Requested for CACCI 2018-2020 Work Program
Istanbul – CACCI members are requested to submit their suggestions on activities that CACCI should undertake in the next two years (2018-2020). These activities should benefit all members, further promote the growth and development of the Confederation, and help CACCI attain its primary objectives. All suggestions received from members will be integrated into the draft Work […]
Members’ Suggestions Requested for CACCI 2018-2020 Work Program
Istanbul – CACCI members are requested to submit their suggestions on activities that CACCI should undertake in the next two years (2018-2020). These activities should benefit all members, further promote the growth and development of the Confederation, and help CACCI attain its primary objectives.
All suggestions received from members will be integrated into the draft Work Program to be considered and finalized during the 90th CACCI Council Meeting to be held on the afternoon of November 24, 2018 in Istanbul, Turkey.
Kathmandu – The Investment Board of Nepal (BNI) is calling for Expressions of Interest (EoIs) for a “Detailed Feasibility Study of Metro Rail System in Kathmandu Valley (Dhulikhel-Nagdhunga)”.The details can be found in following link: https://ibn.gov.np/kathmandu-valley-metro-project-bank The IBN is a high-level government body chaired by the Rt. Hon’ble Prime Minister of Nepal and functions as a […]
Kathmandu – The Investment Board of Nepal (BNI) is calling for Expressions of Interest (EoIs) for a “Detailed Feasibility Study of Metro Rail System in Kathmandu Valley (Dhulikhel-Nagdhunga)”.The details can be found in following link: https://ibn.gov.np/kathmandu-valley-metro-project-bank
The IBN is a high-level government body chaired by the Rt. Hon’ble Prime Minister of Nepal and functions as a central fast-track government agency to facilitate economic development in Nepal by creating an investment-friendly environment, mobilizing and managing domestic as well as foreign investments.
It also serves as a one window facility for domestic and foreign investors pursuing large scale projects with fixed capital of more than USD 100 million. It selects proposals for investment, facilitates investment, coordinate between various ministries, and monitors the progress of approved projects.
ICC Invites CACCI Members to IP Week @ SG
Singapore – Members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) are being invited by the International Chamber of Commerce (ICC) to the 7th edition of IP Week @ SG that will take place on 4-5 September in Singapore in partnership with the ICC. Themed “Ideas to Assets – Connecting markets through […]
Singapore – Members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) are being invited by the International Chamber of Commerce (ICC) to the 7th edition of IP Week @ SG that will take place on 4-5 September in Singapore in partnership with the ICC.
Themed “Ideas to Assets – Connecting markets through IP”, IP Week @ SG 2018 features theworld’s foremost IP thought leaders, legal experts and innovative companies, to share insights on IP commercialisation and winning strategies for business growth. The event expects over 3,000 attendees from more than 40 countries and will bring together the innovation community to celebrate, network and collaborate. The whole program is available online.
Several events will also be organised around IP Week @ SG, including the IP Market Place, a free platform to connect with exhibitors, IP experts and fellow participants over coffee and consult IP experts on IP commercialisation, protection, valuation and government support.
Among the activities of the IP Market place, Connections @ IP Market Place, a business-meets-service provider platform at IP Week at SG 2018, will offer complimentary consultation sessions with IP experts. If you want to attend this event and secure slots with experts of your choice, you may contact Ms. Daphne Yong-d’herve at dye@iccwbo.org.
Singapore at night
Investment Board Nepal calls for EoI for Feasibility Studies on three projects
Kathmandu – The Invesment Board Nepal (IBN) is Calling for Expression of Interest for Feasibility Studies of the following three projects: (a) Glass Industry; (b) Shey-Phoksundo Luxury Resort; and (c) Ski Resort in Manang. More details of these projects and other opportunities visit: http://ibn.gov.np. The IBN is a high-level government body chaired by the Rt. […]
Investment Board Nepal calls for EoI for Feasibility Studies on three projects
Kathmandu – The Invesment Board Nepal (IBN) is Calling for Expression of Interest for Feasibility Studies of the following three projects: (a) Glass Industry; (b) Shey-Phoksundo Luxury Resort; and (c) Ski Resort in Manang.
More details of these projects and other opportunities visit: http://ibn.gov.np.
The IBN is a high-level government body chaired by the Rt. Hon’ble Prime Minister of Nepal and functions as a central fast-track government agency to facilitate economic development in Nepal by creating an investment-friendly environment, mobilizing and managing domestic as well as foreign investments.
It also serves as a one window facility for domestic and foreign investors pursuing large scale projects with fixed capital of more than USD 100 million. It selects proposals for investment, facilitates investment, coordinate between various ministries, and monitors the progress of approved projects.
CACCI soliciting project proposals for CACCI Foundation support
Taipei – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is inviting its Primary Members and Affiliate Members to submit formal proposals on projects that they wish to be financed by the CACCI Foundation. The CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship […]
CACCI soliciting project proposals for CACCI Foundation support
Taipei – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is inviting its Primary Members and Affiliate Members to submit formal proposals on projects that they wish to be financed by the CACCI Foundation.
The CACCI Foundation was established in 2006 to help Primary and Affiliate Members implement projects aimed at promoting entrepreneurship and the development of small and medium enterprises. The ultimate objective is to assist chambers in Asian developing countries region to become sustained contributors to the economic development of the private sector.
CACCI therefore calls on its Primary and Affiliate Members to submit formal proposals on projects – either ongoing or still to be implemented – that encourage entrepreneurship and promote the growth and development of SMEs, thereby helping achieve the objective of the CACCI Foundation.
For additional information, please contact the CACCI Secretariat at cacci@cacci.biz
TOBB issues 32nd CACCI Conference Brochure
Istanbul – The Union of Chambers and Commodity Exchanges of Turkey (TOBB) has issued the brochure of the 32nd CACCI Conference scheduled to take place on November 23-24, 2018 at the Ciragan Palace Kempinski in Istanbul, Turkey. It contains relevant information about this year’s gathering aimed at further raising CACCI members’ interest to join the […]
Istanbul – The Union of Chambers and Commodity Exchanges of Turkey (TOBB) has issued the brochure of the 32nd CACCI Conference scheduled to take place on November 23-24, 2018 at the Ciragan Palace Kempinski in Istanbul, Turkey. It contains relevant information about this year’s gathering aimed at further raising CACCI members’ interest to join the Conference.
Hosted by the Union of Chambers of Commerce and Commodity Exchanges of Turkey (TOBB), the umbrella organization of the business community of Turkey representing 1.5 million member companies, our Istanbul Conference will be organized under the patronage of H.E. Recep Tayyip Erdogan, President of Turkey.
The Conference theme is “Asia: Expanding Boundaries” and is designed to provide another valuable platform for CACCI members and invited experts to exchange views on measures that the business sector and governments in the region can undertake to address the challenges faced by businesses in the current market environment, as well as to take full advantage of the opportunities offered not just by markets in the Asia-Pacific region but by countries in other parts of the world.
Speakers from government, the private sector, and the academe will share their valuable perspectives on the following Session topics: (a) The Changing Role of Chambers in Promoting Business; (b) Innovation and Digitization: Implications for Business; (c) Regional Integration and Connectivity for Sustainable Development; and (d) A New World Economic Order: What It Means for Asia.
CACCI Lifetime Special Member Visits Singapore Business Federation
Singapore – Mr. Salauddin Yousuf, Director of Lub-rref Bangladesh Limited and Lifetime Special Member of CACCI (right), visited the Singapore Business Federation (SBF) on June 13, 2018 and met with SBF officers Mr. Alan Tan, Director, South Asia and Americas, Europe, Middle East and Africa, Global Business Division, and Mr. Mark Yeo, Assistant Manager, Middle […]
CACCI Lifetime Special Member Visits Singapore Business Federation
Singapore – Mr. Salauddin Yousuf, Director of Lub-rref Bangladesh Limited and Lifetime Special Member of CACCI (right), visited the Singapore Business Federation (SBF) on June 13, 2018 and met with SBF officers Mr. Alan Tan, Director, South Asia and Americas, Europe, Middle East and Africa, Global Business Division, and Mr. Mark Yeo, Assistant Manager, Middle East, Africa & South Asia, Global Business Division (left). During his visit, Mr. Yousuf informed Mr. Tan and Mr. Teo about the recent and upcoming activities of CACCI.
Latest FICCI Financial Insights Focuses on MSME Lending
New Dehli – The Financial Sector team of the Federation of Indian Chambers of Commerce and Industry (FICCI) has issued the latest edition of its quarterly ounlication – Financial Insights. The issue focuses on “The Evolving Contours of MSME Lending in India”, which presents insightful write-ups contributed by industry leaders and experts in this domain. […]
Latest FICCI Financial Insights Focuses on MSME Lending
New Dehli – The Financial Sector team of the Federation of Indian Chambers of Commerce and Industry (FICCI) has issued the latest edition of its quarterly ounlication – Financial Insights. The issue focuses on “The Evolving Contours of MSME Lending in India”, which presents insightful write-ups contributed by industry leaders and experts in this domain.
Micro, Small and Medium Enterprises (MSMEs) are a major engine of growth and employment generation in the country. However, with over 50 million MSMEs in the country we have only 4.5 million unique borrowers from the formal industry. Traditionally public sector banks have been the lenders for formal credit to MSMEs. Private sector banks and NBFCs have been steadily increasing the share in MSMEs financing. However, lately non-traditional (or alternate) lenders have also entered the MSME lending space. These non-traditional lenders are using data and digital processes to transform the lending space. They work with new-economy partners, use non-traditional data sources and have developed new credit rating algorithms enabling smoother straight-through digital processes for loan approvals.
The policy interventions such as demonetization and introduction of GST have led to massive formalization of the businesses of MSMEs. This is generating enormous financial information database of MSMEs’ businesses and finances. It is expected that this big data base will be
useful for improving financing of MSMEs’ capital requirement, including working capital. Further, the proposed on boarding of public sector banks and corporates on Trade Electronic Receivable Discounting System (TReDS) platform and linkage with GSTN would also be beneficial for MSME financing.
This issue of Financial Foresights has attempted to outline reforms for strengthening the MSME lending structure leading to growth of the MSME credit.
CACCI Vice President Rifat Hisarciklioglu Re-Elected TOBB President
Ankara – Mr. Rifat Hisarciklioglu was recently re-elected President of The Union of Chambers and Commodity Exchanges of Turkey (TOBB). Mr. Hisarciklioglu, who is concurrently Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), became TOBB President for the next four years, after having been re-elected unanimously during the 74th General […]
CACCI Vice President Rifat Hisarciklioglu Re-Elected TOBB President
Ankara – Mr. Rifat Hisarciklioglu was recently re-elected President of The Union of Chambers and Commodity Exchanges of Turkey (TOBB).
Mr. Hisarciklioglu, who is concurrently Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), became TOBB President for the next four years, after having been re-elected unanimously during the 74th General Assembly held at TOBB Economics and Technology University. Elected TOBB President for the first time on June 16th, 2001, Mr. Hisarciklioglu will perform this task for the fifth time.
In his congratulatory letter to the newly re-elected TOBB President, CACCI President Mr. Jemal Inaishvili said: “Given your long and extensive business experience, your exemplary achievements in various fields, your wide network of friends and associates in the business communities not only in the Asia-Pacific region but globally as well, and your strong and unwavering commitment to the chamber movement, you are certainly in the best position to once again lead TOBB towards its goal of promoting the interest of its members and fostering the growth and development of your country’s economy. I am sure you will continue to build on your past accomplishments at the helm of TOBB and bring the organization to an even higher level of influence.”
Russian Chamber invites CACCI member to “International Business Days” in Khabrovsk, Russia
Khabrovsk – The Chamber of Commerce and Industry of the Russian Federation (CCIRF) is inviting CACCI members to attend the “International Business Days” to be held on June 10 – 12, 2018 in Khabarovsk City, Russia. Launched for the first time, the three-day event will feature the International Expo and the Trade Fair “Choose Region […]
Russian Chamber invites CACCI member to “International Business Days” in Khabrovsk, Russia
Khabrovsk – The Chamber of Commerce and Industry of the Russian Federation (CCIRF) is inviting CACCI members to attend the “International Business Days” to be held on June 10 – 12, 2018 in Khabarovsk City, Russia.
Launched for the first time, the three-day event will feature the International Expo and the Trade Fair “Choose Region 27” where participants will get a unique chance to get information about trade, economic and investment potential of Khabarovsk region, conduct B2B meetings and have a culinary tour through the specialties of international cuisines.
In addition, companies and producers from Khabarovsk region, as well as government authorities and business representatives from all over Russia and foreign countries, will participate in the event.
For further information and queries, interested parties may wish to contact the Ministry of International and Interregional Cooperation of Khabarovsk region:
CIS-BCCI signs E-Commerce Trade Agreement with 50 Countries
Dhaka – The Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry (CIS-BCCI) has signed e-commerce trade agreement with 50 countries, a press release of the business body said. The release said CIS-BCCI and the global business platform ‘Qoovee’ had a meeting on the prospect of establishing business relations of Bangladeshi businessmen in CIS countries […]
CIS-BCCI signs E-Commerce Trade Agreement with 50 Countries
Dhaka – The Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry (CIS-BCCI) has signed e-commerce trade agreement with 50 countries, a press release of the business body said.
The release said CIS-BCCI and the global business platform ‘Qoovee’ had a meeting on the prospect of establishing business relations of Bangladeshi businessmen in CIS countries at CIS-BCCI Chamber in Dhaka on May 9, 2018. An agreement was signed after the meeting.
Qoovee.com is a global online business platform where the wholesale products or service suppliers and buyers meet to trade. It is one of the top 10 B2B platforms in the CIS region that has more than 15,00,000 visitors per month.
It was decided at the meeting that CIS-BCCI will be co-organiser of global online expo organised by Qoovee which will be held from 2 April to 9 July 2019.
The meeting also decided that Qoovee online platform will be used by CIS-BCCI members involving buyers and suppliers and Qoovee will act as a guarantee regarding assurance of buyer’s-seller’s payment. It also decided that CIS-BCCI will be Qoovee’s valid representative in Bangladesh.
The cooperation agreement was signed by CIS-BCCI president Habib Ullah Dawn and Qoovee founding president Turat Bulembayev.
Canada Bangladesh Chamber of Commerce holds Canada Showcase 2018
Dhaka – The Canada Bangladesh Chamber of Commerce recently organized the Canada Showcase 2018 at the International Conference Center in Dhaka. It was attended by many Canadian companies which are operating in Bangladesh and also by some Bangladesh companies doing business with Canada. The chief guest of the event was the Commerce Minister of Bangladesh […]
Canada Bangladesh Chamber of Commerce holds Canada Showcase 2018
Dhaka – The Canada Bangladesh Chamber of Commerce recently organized the Canada Showcase 2018 at the International Conference Center in Dhaka. It was attended by many Canadian companies which are operating in Bangladesh and also by some Bangladesh companies doing business with Canada.
The chief guest of the event was the Commerce Minister of Bangladesh Mr Tofael Ahmed and main guest was high commissioner of Bangladesh Mr Benoit.
The Canada Bangladesh Chamber of Commerce acts as a catalyst to make Bangladesh as Asia’s leading destination for sourcing and investment for Canada.
CACCI Lifetime Special Member joins Bangladesh Delegation to the Commonwealth Summit 2018
London – Mr. Salauddin Yousuf (leftmost), Director of Lub-rref (Bangladesh) Limited – a Lifetime Special Member of CACCI – was part of the delegation from Bangladesh that attended this year’s Commonwealth Heads of Government Meetings and Commonwealth Summit held on April 16-20, 2018 in London and Windsor, United Kingdom. Mr. Yousuf joined his country’s delegation […]
CACCI Lifetime Special Member joins Bangladesh Delegation to the Commonwealth Summit 2018
London – Mr. Salauddin Yousuf (leftmost), Director of Lub-rref (Bangladesh) Limited – a Lifetime Special Member of CACCI – was part of the delegation from Bangladesh that attended this year’s Commonwealth Heads of Government Meetings and Commonwealth Summit held on April 16-20, 2018 in London and Windsor, United Kingdom.
Mr. Yousuf joined his country’s delegation headed by Honorable Prime Minister of Bangladesh Sheikh Hasina (3rd from right), along with over 5,000 other participants from parliament, government, business and civil society. The theme of the Summit was “Towards our Common Future”, which is linked to the theme for Commonwealth Day 2018.
CACCI delegation visits Vientiane Saysettha Development Zone
Vientiane – A CACCI delegation led by CACCI Senior Vice President Mr. Samir Modi and CACCI Vice President Mr. Pradeep Kumar Shrestha on April 25 visited the Vientiane Saysettha Development Zone, located in a suburban district 17 kilometers northeast of Vientiane. During the visit, the delegation learned that the Zone covers an area of 11 […]
CACCI delegation visits Vientiane Saysettha Development Zone
Vientiane – A CACCI delegation led by CACCI Senior Vice President Mr. Samir Modi and CACCI Vice President Mr. Pradeep Kumar Shrestha on April 25 visited the Vientiane Saysettha Development Zone, located in a suburban district 17 kilometers northeast of Vientiane.
During the visit, the delegation learned that the Zone covers an area of 11 square kilometers and is designed to be a model of industrial zones in the country. They were further informed that the Zone was jointly developed by China’s Yunnan Provincial Overseas Investment Co., Ltd. and the Vientiane Municipal Government, that it had attracted nearly 40 companies in 2017 from around Asia, and that is expected to have more than 200 companies in operation upon its completion in 2030.
According to the Zone’s officers who received the delegation, the Zone follows the development model of an integrated industrial park and new city. The city will serve as the foundation for the industrial space and will help develop the industrial economy, while industry will play the vital supporting role, driving urban renewal and improving support services.
CACCI members visit Phnom Penh Special Economic Zone
Phnom Penh – Members of the CACCI delegation that joined the Presidential visit to Cambodia visited the Phnom Penh Special Economic Zone on April 20, 2018, which is located within the proximity of the country’s capital city. Led by CACCI Vice President Mr. Peter McMullin and CACCI Vice President Mr. Pradeep Kumar Shrestha, the visitors […]
CACCI members visit Phnom Penh Special Economic Zone
Phnom Penh – Members of the CACCI delegation that joined the Presidential visit to Cambodia visited the Phnom Penh Special Economic Zone on April 20, 2018, which is located within the proximity of the country’s capital city. Led by CACCI Vice President Mr. Peter McMullin and CACCI Vice President Mr. Pradeep Kumar Shrestha, the visitors were met by Mr. James Chang, Marketing Manager.
Mr. Chang briefed the delegation on the activities and operations of the PPSEZ. The visitors learned that the PPSEZ: (a) is one out of eleven operating SEZs (from a total of thirty-four approved SEZs) in Cambodia; (b) retains the highest number of zone investors among all approved SEZs in Cambodia; (c) is one of the largest in Cambodia with a land size of approximately 357.32 hectares; (d) has more than 80 international companies from 15 different nations invested in the zone.
Following his presentation, Mr. Chang accompanied the delegation on a tour and ocular inspection of the PPEZ, and pointed out the various companies established in the zone and the nature of their operations.
VCCI hosts International Contract of Sale & Short Term Trade Finance Workshop in Ho Chi Minh City
Ho Chi Minh – The Vietnam Chamber of Commerce and Industry (VCCI) hosted a workshop on International Contract of Sale and Short Term Trade Finance in Ho Chi Minh City on April 19-20, 2018. Organized in cooperation with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the two-day workshop was conducted by Mr. […]
VCCI hosts International Contract of Sale & Short Term Trade Finance Workshop in Ho Chi Minh City
Ho Chi Minh – The Vietnam Chamber of Commerce and Industry (VCCI) hosted a workshop on International Contract of Sale and Short Term Trade Finance in Ho Chi Minh City on April 19-20, 2018.
Organized in cooperation with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the two-day workshop was conducted by Mr. Pavel Andrl, an international trade finance specialist and senior tutor with the electronic Business School Intermational. The seminar was on ICC Rules and Practices with special focus on current developments in international trade and finance world.
CACCI holds International Contract of Sale & Short Term Trade Finance Workshop in Hanoi
Hanoi – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) organized, in cooperation with the Vietnam Chamber of Commerce and Industry (VCCI), a two-day workshop on International Contract of Sale and Short Term Trade Finance in Hanoi on April 17-18, 2018. The workshop was conducted by Mr. Pavel Andrl, an international trade finance […]
CACCI holds International Contract of Sale & Short Term Trade Finance Workshop in Hanoi
Hanoi – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) organized, in cooperation with the Vietnam Chamber of Commerce and Industry (VCCI), a two-day workshop on International Contract of Sale and Short Term Trade Finance in Hanoi on April 17-18, 2018.
The workshop was conducted by Mr. Pavel Andrl, an international trade finance specialist and senior tutor with the electronic Business School Intermational. The seminar was on ICC Rules and Practices with special focus on current developments in international trade and finance world.
CIECA Organizes the 2018 ICC-CIECA Business Forum in Taipei
Taipei – The Chinese International Economic Association (CIECA), CACCI Primary Member in Taiwan, organized the ICC-CIECA Business Forum on April 16, 2018 in Taipei, that featured Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), as Keynote Speaker. Mr. Kucharski made a presentation on the ICC – its mission and its activities […]
CIECA Organizes the 2018 ICC-CIECA Business Forum in Taipei
Taipei – The Chinese International Economic Association (CIECA), CACCI Primary Member in Taiwan, organized the ICC-CIECA Business Forum on April 16, 2018 in Taipei, that featured Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), as Keynote Speaker.
Mr. Kucharski made a presentation on the ICC – its mission and its activities aimed at expanding international trade, representing business, and promoting peace and prosperity. He informed the 30 participants who joined the Forum that the ICC was founded in 1919 by a handful of entrepreneurs who wanted to form an organization “that would represent business everywhere and bring economic prosperity around the world” . Today, the 13 ICC commissions comprising experts from the private sector cover specialized fields of immediate concern to international business. Subjects range from banking techniques to taxation, from competition law to intellectual property rights, telecommunications and information technology, from transport, environment and energy to international investment and trade policy.
Mr. Kucharski identified areas where ICC would like to work more closely with the ICC national committees and other chambers of commerce in the Asian region – particularly those in Taiwan – to help achieve its objectives.
Mr. Walter H. C. Chang, Vice Chairman of CIECA and ICC Taipei, gave the Welcome Remarks, while Ms. Mei-Hua Wang, Vice Minister of Economic Affairs, delivered the Special Remarks.
CACCI Vice President Amb. Feng Chi-Tai Meets with ICC Chief Operating Officer Philip Kucharski
Taipei – Amb. Feng Chi-Tai, Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), received Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), during the latter’s visit to Taipei on April 16-17. Amb. Feng and Mr.Kucharski exchanged views on the current conditions in the global economy, […]
CACCI Vice President Amb. Feng Chi-Tai Meets with ICC Chief Operating Officer Philip Kucharski
Taipei – Amb. Feng Chi-Tai, Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), received Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), during the latter’s visit to Taipei on April 16-17.
Amb. Feng and Mr.Kucharski exchanged views on the current conditions in the global economy, the growing protectionism among some of the major economies, the challenges and opportunities they offer, how these would impact on the Asian business community.
They also explored possible areas of cooperation between CACCI and ICC that would be beneficial to their respective members, and bring the two organizations closer together in pursuing their common objective of promoting the interests of the business community.
Mr. Kucharski was accompanied by Mrs. Ju-Song Lee, Executive Director of ICC Asia, while Amb. Feng was joined by CACCI Director-General Mr. Ernest Lin, Deputy Directors-General Mr. Amador Honrado Jr, and Mr. Mig Moreno.
CACCI Vice President Mrs. Magvan Oyunchimeg serves as panelist at the Belt and Road Trade and Investment Forum in Beijing
Beijing – CACCI President Mrs. Magvan Oyunchimeg, CEO of Mongolian National Chamber of Commerce and Industry (MNCCI), was invited as a Panelist at the “Belt and Road Trade and Investment Forum” held on April 12, 2018 in Beijing. The two-day Forum was Organized by the China Council for the Promotion of International Trade (CCPIT), China […]
CACCI Vice President Mrs. Magvan Oyunchimeg serves as panelist at the Belt and Road Trade and Investment Forum in Beijing
Beijing – CACCI President Mrs. Magvan Oyunchimeg, CEO of Mongolian National Chamber of Commerce and Industry (MNCCI), was invited as a Panelist at the “Belt and Road Trade and Investment Forum” held on April 12, 2018 in Beijing.
The two-day Forum was Organized by the China Council for the Promotion of International Trade (CCPIT), China Chamber of International Commerce (CCOIC), and the ICC World Chambers Federation (ICC WCF), and supported by the Silk Road Business Council.
Mrs. Oyunchimeg was a Panelist in the session on “Prospects for B&R Industrial Investment.” The session discussed a number of issues including plans for B&R industrial investment, financing for B&R projects, construction of connectivity, and innovation of investment models, among others.
Focusing on the theme “Unleashing Potential for Shared Future,” the Forum aimed to introduce and disseminate the Belt and Road concept, strengthen the dialogue between government and business, enhance connectivity between China and foreign countries, and build consensus of cooperation.
CACCI members join visit to Alibaba Group Headquarters in Beijing
Beijing – Members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), including CACCI Deputy Director-General Mr. Amador Honrado Jr., joined officers and members of the ICC World Chambers Federation (ICC-WCF) during the visit to the headquarters of the Alibaba Group in Beijing, China on April 12, 2018.The visit was made following the […]
CACCI members join visit to Alibaba Group Headquarters in Beijing
Beijing – Members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), including CACCI Deputy Director-General Mr. Amador Honrado Jr., joined officers and members of the ICC World Chambers Federation (ICC-WCF) during the visit to the headquarters of the Alibaba Group in Beijing, China on April 12, 2018.The visit was made following the April 11 meeting of the ICC-WCF General Council, of which CACCI is a permanent member.
Key representatives of the Alibaba Group received the visiting delegation during the dinner hosted by the Group at its Beijing office. The visitors listened to a presentation on the ongoing and future activities of the Alibaba Group in China as well as in other major countries around the world.
CACCI invited to support Singapore International Energy Week (SIEW)
Singapore – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has been invited to be a supporting organization of the Singapore International Energy Week (SIEW) to be held on October 29 – November 2, 2018 at Marina Bay Sands in Singapore. SIEW is an annual platform for energy professionals, policymakers and commentators to […]
CACCI invited to support Singapore International Energy Week (SIEW)
Singapore – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) has been invited to be a supporting organization of the Singapore International Energy Week (SIEW) to be held on October 29 – November 2, 2018 at Marina Bay Sands in Singapore.
SIEW is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. SIEW aims to facilitate the exchange of ideas and discussions on pertinent energy-related issues, while simultaneously meeting the strategic objectives of Singapore’s commitment to becoming a global leader among energy companies converging on the event, as well as to provide a platform to showcase innovative products and solutions in the energy marketplace.
Singapore skyline at night
CACCI Conference in Istanbul themed “Asia: Expanding Boundaries”
Istanbul – The 32nd CACCI Conference scheduled to take place on November 23-24, 2018 at the Ciragan Palace Kempinski in Istanbul, Turkey will carry the theme “Asia: Expanding Boundaries”. To be hosted by Union of Chambers and Commodity Exchanges of Turkey (TOBB), the two-day event aims to provide another valuable platform for CACCI members and […]
CACCI Conference in Istanbul themed “Asia: Expanding Boundaries”
Istanbul – The 32nd CACCI Conference scheduled to take place on November 23-24, 2018 at the Ciragan Palace Kempinski in Istanbul, Turkey will carry the theme “Asia: Expanding Boundaries”.
To be hosted by Union of Chambers and Commodity Exchanges of Turkey (TOBB), the two-day event aims to provide another valuable platform for CACCI members and invited experts to exchange views on measures that the business sector and governments in the region can undertake to take full advantage of the opportunities offered not just by markets in the Asia-Pacific region but by countries in other parts of the world as well.
With this year’s gathering expected to bring together over 400 business leaders from at least 25 countries in the Asia-Pacific region, CACCI and TOBB hope that discussions will not only be of commercial interest to the participants, but will also be useful to the Confederation in its efforts to help shape policies that affect the Asia-Pacific region’s development. As follows we present the tentative program as of August 3, 2018.
November 23-24, 2018, Ciragan Palace Kempinski, Istanbul, Turkey
23 November 2018 – Friday
08:00am – 17:00am Registration
09:00am – 12:00pm Final Selection of Winners
(1) The 7rd Asia – Pacific Young Entrepreneur Award (Venue: Yikdiz C)
(2) The 8th Local Chamber Awards (Venue: Kaftan room)
09:00am – 12:15pm Parallel Breakout Sessions These parallel breakout sessions focusing on three sectors each will feature sectoral roundtable discussions and concurrent sessions that will gather government and private sector leaders for dialogue and panel discussion and information sharing on important sectoral issues, as well as to explore possible areas of cooperation among CACCI members within the same sector.
09:00am – 10:00am Group One
a. CACCI Women Entrepreneurs Council (Venue: Mabeyn Room) Session Chairman: Mrs. Mukta Nandini Jain, Former President, FICCI Ladies Organization; Chairperson, CWEC
Speakers/Panelists:
(1) Mrs. Selima Ahmad, President, Bangladesh Women Chamber of Commerce and Industry
(2) Ms. Pacita Juan, Immediate Past Chairperson, ASEAN Women Entrepreneurs Network and Immediate Past Chairperson, Women’s Business Council Philippines
(3) Ms. Blesila Lantayona, Assistant Secretary, Department of Trade and Industry, Philippines
(4) Mine Ayhan, CEO, Generali Insurance (tbc)
b. Asian ICT Council (Venue: Yildiz AB) Session Chairman: Dr. G. J. Huang, Fellow, Information Industry Institute; Chairman, Asian ICT Council
Speakers/Panelists:
(1) Mr. Martin Frick, Managing Director, Asia Pacific Temenos
(2) Mr. James Chiao, Chairman and CEO, Smart City Consulting Co.
(3) Fevzi Güngör, Vice Chairman, The Union of Chambers and Commodity Exchanges of Turkey (TOBB E-Commerce Council (tbc)
c. Asian Council on Health and Education (Venue: Enderun Ballroom) Session Chairmen: Dr. Arash Anissian, Chairman, Asian Council on Health and Education; Researcher, Opthalmic Research Center, Shaheed Beheshti Medical University
Speakers/Panelists:
(1) Mrs. Priti Chakraborty, Chairman, Universal Medical College & Hospital Ltd., Director, FBCCI
(2) Banu Küçükel, Deputy Chairwoman of the Board, Güven Hospital Inc. (tbc)
10:00am – 11:00am Group Two
a. Young Entrepreneurs Group Asia-Pacific (Venue: Mabeyn Room) Session Chairman: Mr. Mangesh Lal Shrestha, Member of the Advisory and Leadership Group and Former President, Nepalese Young Entrepreneurs Forum
Speakers/Panelists:
(1) Mr. Rommel Sim Gerodias, President & CEO, Sauber Professionals
(2) Mr. Roman Nikolaevic Bobylev, Founder and Head, Lozaholding (To be confirmed)
(3) Mr. Md. Muntakim Ashraf, Vice President, Federation of Bangladesh CCIs
(4) Civan Sözkesen, President, Denizli Young Entrepreneurs Council (tbc)
b. Asian Council on Tourism (Venue: Yildiz AB) Session Chairman: Mr. Anura Lokuhetty, Chairman, Asian Council on Tourism and Chairman, Red Apple Travels and Holidays Lanka Pvt. Ltd.
Speakers/Panelists:
(1) Mr Thanongsinh Kanlagan, Executive Vice President, Lao National Chamber of Commerce and Industry
(2) Mr. Chandi Raj Dhakal, Vice President (Nepal Chapter), SAARC CCI
(3) Mr. Stuart Kenny, Senior Vice President, Chamber of Commerce Northern Territory
(4) Mr. Surenbaatar Nergui, Director, Business Development Division, New Juulchin World Tours Corp.
(5) Ms. Marloes Knippenberg, CEO Kerten Hospitality
(6) Osman Ayık, President of Tourism Sector Council of the Union of Chambers and Commodity Exchanges of Turkey(TOBB) (tbc)
c. Asian Council on Trade Facilitation (Venue: Enderun Ballroom) Session Chairman: Mr. R. B. Rauniar, Chairman, Asian Council on Trade Facilitation and Managing Director, Interstate Multi-Modal Transport Pvt. Ltd.
Speakers/Panelists:
(1) Mr. Bryan Clark, Director, Trade and International Affairs, Australian CCI
(2) Mr. Kok Keong Chong, Assistant CEO, Crimson Logic; and CEO, Global eTrade Services)
(3) Aslı Gözütok, Manager of TIR and ATA Carnets Department of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) (tbc)
(4) Dr. Esfandyar Omidbakshs, Director General for Multilateral Trade Relations Dept., Iran Chamber of Commerce, Industries, Mines and Agriculture
(5) Mr. A. K. M. Shaheed Reza, Director, Federation of Bangladesh CCIs
(6) Mr. Manesh Singhal, Deputy Secretary General, International Affairs Division, Federation of Indian CCIs
11:00am – 11:15am Coffee Break (Conference Center Foyer Area)
11:15am – 12:15pm Group Three
a. SME Development Council (Venue: Mabeyn Room) Session Chairman: Mr. George Abraham, Chairman SME Development Council and Chairman/Managing Director of GA Group
Speakers/Panelists:
(1) Mr. Chandula Abeywickrema, Chairman, Lanka Impact Investing Network, and Chairman, CSR Lanka
(2) Mrs. Dhara Wijayatilake, CEO, Ceylon Chamber of Commerce
(3) Cahit Ceren, Manager of SME Research and Consultancy Center of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) (tbc)
(4) Mr. Amzad Hussain, Director, Federation of Bangladesh CCIs
(5) Mr. Boldkhet Sereeter, Founder and Chairman, Naran Group
b. Asian Council on Food and Agriculture (Venue: Yildiz AB) Session Chairman: Mr. Henry Kao, Chairman, I-Mei Foods Co. Ltd.; Member of APEC Business Advisory Council; Chairman of CIECA
Speakers/Panelists:
(1) Dr. Kuo-Ching Lin , Director, Food & Fertilizer Technology Center for the Asian and Pacific Region
(2) Dr. Ali Shariati, Board Member, Confederation of Iranian Food Industry Associations
(4) Mr. Abdus Salam, President, Bangladesh Organic Products Manufacturers Association
(5) Necdet Buzbaş, Chairman of the Board, Turkısh Food&Beverage Industry Employers Assocıatıon (TÜGİŞ)(tbc)
c. Asian Council on Water, Energy and Environment (Venue: Enderun Ballroom) Session Chairman: Mr. Gyanendra Lal Pradhan, Executive Chairman, Hydro Solutions Pvt. Ltd., and Chairman, Asian Council on Water, Energy and Environment
Speakers/Panelists:
(1) Mr. Syed Mazhar Ali Nasir, Senior Vice President, Federation of Pakistan Chambers of Commerce and Industry
(2) Mr. Taif Bin Yousuf, Executive Director, Meghna Group of Industries (Tbc)
(3) Bengisu Özenç, Program Director, The Economic Policy Research Policy Foundation of Turkey (TEPAV) (tbc)
12:15pm – 01:15pm Lunch (Venue: Conference Center Foyer Area)
01:30pm – 04:00pmFinal Selection of Winner for the 2nd Asia-Pacific Women Entrepreneur Award (Venue: Yildiz C)
02:00pm – 03:00pmPolicy Advocacy Working Group Meeting (Venue: Enderun Ballroom) This session will review and finalize a paper focusing on a policy or policies of current interest to CACCI members and to the region’s business community as a whole, and for submission – along with their recommendations – to regional or multilateral organizations and to relevant government authorities for consideration and possible input into their policy-making endeavours.
Meeting Chairman: Mr. Bryan Clark, Director, Trade and International Affairs, Australian CCI
03:00pm – 05:00pmDiscover Business Opportunities Through CACCI (Mabeyn Ballroom) This session will feature the following: (a) country presentations by selected member chambers 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 or the community they serve and may be adapted by chambers from other countries; and (b) invited CEOs of companies or successful entrepreneurs from various CACCI member countries who will share their success stories; the challenges they faced and how they overcame them; and/or their innovative business models.
Session Chairman: Mrs. Magvan Oyunchimeg, CEO, Mongolian National Chamber of Commerce and Industry and Vice President, CACCI.
(1) Wellington Chamber of Commerce – Presenter: Mr. John Milford, Chief Executive
(2) Lao National Chamber of Commerce and Industry – Presenter: Mr Thanongsinh Kanlagna, Executive Vice President
(3) Chamber of Commerce Northern Territory – Presenter: Mr. Brian O’Gallagher, Deputy Chief Executive Officer
(4) Chamber of Commerce and Industry of Primorsky Region – Presenter: To be advised
(5) Representative of the Presidential Investment Office (tbc)
02:30pm – 04:00pmAdvisory Board Meeting (Open only to Advisory Board members) (Venue: Kaftan Room)
04:00pm – 05:00pmBudget Commission Meeting (Open only to Budget Commission members) (Venue: Kaftan Room)
05:00pm – 05:15pmCoffee Break (Conference Center Foyer Area)
05:15pm – 06:45pm 89th CACCI Council Meeting (Venue: Enderun Ballroom)
The 32nd CACCI Conference (Ciragan Ballroom)
“Asia: Expanding boundaries”
24 November 2018 – Saturday
The Conference will identify measures that the business sector and governments in the region can undertake to address the challenges being faced by the global economy and take full advantage of the current opportunities offered not just by markets in the Asia-Pacific region but by countries in other parts of the world as well, thereby enabling them to grow and expand beyond the domestic borders and into the global market.
Invited speakers will discuss how chambers and businessmen in the region can work closely together in defining a new role for the Asian business community in achieving a sustainable economic development, grasping common opportunities outside the usual geographical and technological boundaries, and managing shared risks and problems amid a rapidly changing world market, while playing a substantial, constructive and catalytic role in global economic growth.
10:00am – 11:00amOpening Ceremony
(1) Welcome Statement: Mr. Rifat Hisarciklioglu, President, The Union of Chambers and Commodity Exchanges of Turkey (TOBB)
(2) Welcome Remarks: Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
(3) Special Address: High-Level Government Official of Turkey
(4) Keynote Speaker: Mr. Yi Xiaozhun, Deputy Director-General, World Trade Organization
(5) Presentation of Plaques of Appreciation to the High-Level Government Official and to the Keynote Speaker/s
11:00am – 11:15am Coffee Break (Venue: Conference Center Foyer Area)
11:15am – 12:15pmPlenary Session 1: The Changing Role of Chambers in Promoting Business (Ciragan Ballroom) This session will feature speakers who will share their views on how SMEs can be assisted by chambers in their internationalization efforts and in becoming a part of Global Value Chains (GVCs). Within the scope of authentication issue and providing data, chambers have a critical role to expedite the process. They can cooperate on cross border regulatory policy needs and; therefore, facilitate cross border trade.
Session Chairman: Pradeep Kumar Shrestha, Managing Director, Panchakanya Group and Vice President, CACCI
Speakers/Panelists:
(1) Dr. Martin Wansleben – Chief Executive of DIHK
(2) George Abraham – Managing Director, The GA Group Pte. Ltd.
(3) Arnaldo Abruzzini – Chief Executive Officer, Eurochambres
(4) Philip Kucharski, Former Chief Operating Officer of the International Chamber of Commerce
(5) Li Zhonghang, Vice President and Secretary General, Silk Road Chamber of International Commerce
12:15pm – 01:15pmPlenary Session 2: Innovation and Digitalization: Implications for Business (Ciragan Ballroom) This session will examine how new technological revolution has directly transformed our lives and trade mechanisms. It should be realized that distributed ledger technologies have forced Asian developing countries to move from cross border trade to fin-tech solutions. According to GVCs formation, service sector value added in manufacture industries should also be considered with Artificial Intelligence (AI).
Session Chairman: Samir Modi, Senior Vice President, CACCI and Executive Director, K. K. Modi Group
Speakers/Panelists:
(1) Ozan Acar – Head of Sectors and Entrepreneurship Department of the Union of Chambers and Commodity Exchanges of Turkey
(2) James Chiao – Chairman and CEO, Smart City Consulting Co.
(3) Mitsutoshi Oriyama – Director for Trade in Service, Multilateral Trade System Department, Ministry of Economy, Trade and Industry
(Topic: The new possibility of digital economy for economic development and looming digital protectionism)
(4) Ma. Alegria Sibal-Limjoco – President, Philippine Chamber of Commerce and Industry
01:15pm – 02:30pmLunch (Exhibition Hall or Ciragan Ballroom)
03:00pm – 04:00pmPlenary Session 3: Regional Integration and Connectivity for Sustainable Development (Ciragan Ballroom) Invited speakers will elaborate on their perspectives as to why traditional shipping connectivity is not enough for Asian integration/transformation. Among others, they will explain how the One Belt, One Road Initiative is expected to bring in new transportation corridors and regulatory harmonization needs, why the latter is important for diversification of the Asian economies, and how at that point chambers could have a role to play to increase connectivity between Asian countries and the world.
Session Chairman: Mr. Peter McMullin, Vice President, CACCI and Board Member, ICC Australia
Speakers/Panelists:
(1) Suraj Vaidya – Former President, FNCCI and President, Vaidya Organization of Industries and Trading Houses (VOITH)
(2) Manjeet Kripalani – Executive Director, Gateway House, Indian Council on Global Relations
(3) Ruwan Edirisinghe – SAARC CCI President and Chairman/Managing Director of RN Group of Companies
04:00pm – 05:00pmPlenary Session 4: A New World Economic Order: What It Means for Asia (Ciragan Ballroom) This session will feature panelists who, in light of the rising protectionism among major economies which is seen to threaten the developing world, will examine and share their views on how to define new aspects of the new world economic order, and how opportunities and threats of this new era of populist backlash should be identified and addressed.
Session Chairman: Güven Sak – Managing and Area Studies Program Director of the Economic Policy Research Foundation of Turkey (TEPAV).
Speakers/Panelists:
(1) Claude Smadja – Founder and President of Smadja & Smadja Strategic Advisory Inc.
(2) Bozkurt Aran – Director, Economic Policy Research Foundation of Turkey (TEPAV), Former Turkish Ambassador to the WTO
(3) Bryan Clark – Director, Trade and International Affairs, Australian CCI
(4) Tetsuhide Mikamo – Advisor, Marubeni Research Institute
(5) Dr. Pedram Soltani, First Vice President of Iran Chamber of Commerce, Industries, Mines & Agriculture
05:00pm – 05:15pmCoffee Break (Conference Center Foyer Area)
05:15pm – 06:30pm90th CACCI Council Meeting (Venue: Enderun Ballroom)
06:30pm Cocktail
08:00pmGala Dinner (Venue: Ciragan Ballroom)
(1) Formal Turnover Ceremony for Incoming CACCI President
(2) Announcement of CACCI Awards Winners
(3) Video Presentation by 2019 CACCI Conference Host
November 25, 2018, Sunday Optional Post-Conference Tour
Optional Post-Conference Tour/Departure of delegates
CACCI calls for members’ inputs to the 2018-2020 CACCI Work Program
Istanbul – One of the main agendas of the upcoming 32nd CACCI Conference scheduled to take place on November 23-24, 2018 in Istanbul, Turkey is the formulation of a draft Framework for the 2018-2020 CACCI Work Program to be implemented by the new CACCI officers to be elected during the Istanbul Conference. In this connection, […]
CACCI calls for members’ inputs to the 2018-2020 CACCI Work Program
Istanbul – One of the main agendas of the upcoming 32nd CACCI Conference scheduled to take place on November 23-24, 2018 in Istanbul, Turkey is the formulation of a draft Framework for the 2018-2020 CACCI Work Program to be implemented by the new CACCI officers to be elected during the Istanbul Conference.
In this connection, CACCI is requesting all current CACCI officers and members for their suggestions on activities CACCI should undertake in the next two years. As much as possible, these activities should benefit all members, further promote the growth and development of the Confederation, and help CACCI attain its primary objectives.
Suggestions may be sent to the Secretairat throughcacci@cacci.biz, preferably before September 15, 2018. All responses will be integrated into the draft Work Program to be considered and finalized during the 90th CACCI Council Meeting to be held on the afternoon of November 24, 2018.
CACCI invites nominations for Hydropower & Clean Energy Excellence Award
Taipei – CACCI invitation Chambers to submit nominations for the 3rd CACCI Asia-Pacific Hydropower and Clean Energy Excellence Award. We are attaching reference documents for the Award nomination and selection mechanics. Initiated by the CACCI Asian Council on Water, Energy and Environment (ACWEE) which is under the chairmanship of the Federation of Nepalese Chambers of […]
CACCI invites nominations for Hydropower & Clean Energy Excellence Award
Taipei – CACCI invitation Chambers to submit nominations for the 3rd CACCI Asia-Pacific Hydropower and Clean Energy Excellence Award. We are attaching reference documents for the Award nomination and selection mechanics.
Initiated by the CACCI Asian Council on Water, Energy and Environment (ACWEE) which is under the chairmanship of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Asia-Pacific Hydropower and Clean Energy Excellence Award is presented by CACCI in recognition of 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.
The nominees could be individuals (entrepreneurs, subject specialists/experts, researchers, academicians, advocates/activists, independent power producers, inventors, media personnel, bankers, authors) or institutions (private organization, public corporation/agency, financial institution, research institution, civil society organization or media agency) in the energy industry. This award is an encouragement to recognize their efforts and to honor them for encouraging further endeavors.
The winner of the 3rd Asia-Pacific Hydropower and Clean Energy Excellence Award will be announced during the Gala Dinner of the 32nd CACCI Conference to be held on November 24, 2018 in Istanbul.
CACCI members invited to Ulaanbaatar Trade Fair
Ulaanbaatar – Ulaanbaatar Partnertship, Annual International Trade Fair is the largest trade fair in Ulaanbaatar, Mongolia with the great variety of exhibits and the most onsite deals. An annual 5-day session from Sep 7 to 10 Ulaanbaatar, Trade Fair of UBP is co-organized in collaboration with the Mayor Administration of Ulaanbaatar city and MNCCI. The […]
Ulaanbaatar – Ulaanbaatar Partnertship, Annual International Trade Fair is the largest trade fair in Ulaanbaatar, Mongolia with the great variety of exhibits and the most onsite deals. An annual 5-day session from Sep 7 to 10 Ulaanbaatar, Trade Fair of UBP is co-organized in collaboration with the Mayor Administration of Ulaanbaatar city and MNCCI.
The purpose of the trade fair is to present commodity products and services of domestic and foreign enterprise promoting its business between interested parties.
The Ulaanbaatar Partnership – 2017, International Trade Fair was held at Misheel Expo Center, from September 7 to 10, 2017, with over 110 standard booths at the exhibition area of 2750 square metre exhibited 100 enterprises’ products of Food, Textile, Light Industry, Arts and other industries. Overseas exhibitors from many countries such as Republic of Poland, Russian Federation, Democratic People’s Republic of Korea, Taiwan 12,000 visitors and customers. The exhibition was focusing on international standards of import brands and demonstrated innovative solutions of technology.
During the Ulaanbaatar Partnership Trade Fair we organize various business meetings like B2B, consultation etc. Meanwhile, UBP facilitates their business talks concerning transactions, investment and various kinds of cooperation. We are kindly inviting visitors and exhibitors from all over the world.
Exhibit profile
Light Industry: Leather, Cashmere, Camel and Yak wool, Felt, Gift, Jewelry& Accessories, Pharmaceutical& Medical equipment, Health care product, Beauty product, Household goods& Appliance, Book, Building materials, Printing, Publishing and all commodity product
Food& Beverage: Bakery, Milk& Dairy product, Meat product, Fresh vegetable& fruit, Natural honey, all types of beverage, Confectionary, Imported food
CACCI Secretariat attends seminar on Indonesian Economy, Tourism and Labor
Taipei – At the invitation of Indonesian Economic and Trade Office to Taipei (IETO), CACCI Secretariat executives joined the “Indonesian Economic, Tourism And Labor Seminar” held on March 23, 2018 at the Taipei World Trade Center. Consisting of the Seminar in the morning session and Business Matching in the afternoon, the one-day event aimed […]
CACCI Secretariat attends seminar on Indonesian Economy, Tourism and Labor
Taipei – At the invitation of Indonesian Economic and Trade Office to Taipei (IETO), CACCI Secretariat executives joined the “Indonesian Economic, Tourism And Labor Seminar” held on March 23, 2018 at the Taipei World Trade Center.
Consisting of the Seminar in the morning session and Business Matching in the afternoon, the one-day event aimed to give participants an opportunity to maintain contact directly with potential partner from Indonesia and provide more comprehensive information regarding business opportunities and related policies in Indonesia.
Following the Opening Remarks by Mr. Robert J Bintaryo, Representative of IETO, Mr. Y. C. Tsai, Negotiator from Taiwan’s Office of Trade Negotiations, delivered a Keynote Speech on Taiwan’s “New Southbound Policy” where he highlighted the rapid increase in the trade and investment ties between the two sides. The Seminar also featured two Panel Discussions which focused on Indonesia’s foreign trade and labor policies, as well as investment experience sharing, respectively.
The Seminar was part of the “Indonesia Week 2018” held in Taipei starting on March 22, 2018. The four-day event was the largest held in Taipei in recent years with the participation of more than 80 Indonesian companies visiting Taipei to seek business opportunities.
CACCI and VCCI to co-organize workshops on International Trade and Short-Term Trade Finance
Hanoi – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the Vietnam Chamber of Commerce and Industry (VCCI) are co-organizing two-day workshops on International Trade and Short-Term Trade Finance in Vietnam. The first workshop will be held in Hanoi on April 17-18 and the second workshop in Ho Chi Minh City on […]
CACCI and VCCI to co-organize workshops on International Trade and Short-Term Trade Finance
Hanoi – The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the Vietnam Chamber of Commerce and Industry (VCCI) are co-organizing two-day workshops on International Trade and Short-Term Trade Finance in Vietnam. The first workshop will be held in Hanoi on April 17-18 and the second workshop in Ho Chi Minh City on April 19-20.
Day One of the workshop will, among others, focus on the current revision of Incoterms. The facilitator will explain the logic behind the proposals and the discussion around them. The participants are expected to learn about the main current issues with Incoterms 2010, the ideas for improvements, and the likely outcome: what the main changes in the Incoterms 2020 would be like.
Day Two will focus on short-term trade finance – documentary credits, financing, factoring, supply chain finance best practices.Participants are expected to gain a solid knowledge of how to use dodumentary credits in a day-to-day operational practice. It will be of benefit to exporters and importers as well as professionals working in banks’ trade finance and risk management departments. It is also of interest to transport companies and other third party service providers who support exporters and importers in international trade.
The seminar will be delivered by Mr. Pavel Andrl who is active and well established international trade finance specialist and senior tutor with the electronic Business School International.
UNCTAD issues latest Investment Policy Monitor
Geneva – Tne United Nations Conference on Trade and Development (UNCTAD) has released the latest issue of its Investment Policy Monitor. In the Report, UNCTAD notes that twenty two countries took 32 investment policy measures in the review period (November 2017 – February 2018). The share of investment restrictions and regulations increased to 29 percent. Compared […]
Geneva – Tne United Nations Conference on Trade and Development (UNCTAD) has released the latest issue of its Investment Policy Monitor. In the Report, UNCTAD notes that twenty two countries took 32 investment policy measures in the review period (November 2017 – February 2018). The share of investment restrictions and regulations increased to 29 percent.
Compared to the annual figures in recent years, this records the highest ratio since 2010. Newly adopted restrictive investment policies include a tightening of investment screening procedures, measures to protect national security and the disapproval of some foreign takeovers. Other restrictions relate to local content requirements and preferences for local suppliers in public procurement procedures.
At the same time, some countries improved entry conditions for foreign investment. Among the most noteworthy measures are liberalization steps in a couple of industries, the simplification of administrative procedures and new privatization. The reporting period also saw a significant corporate tax reform in one country.
Regarding international investment treaties, the Monitor finds that two bilateral investment treaties and six treaties with investment provisions were signed, bringing the total number of international investment agreements (IIAs) to over 3320.
In line with UNCTAD’s Roadmap for IIA Reform, all new IIAs contain several reform features, giving particular attention to the preservation of the right to regulate by clarifying key protection standards and refining investor-State dispute provisions. Countries are also starting to move towards the second phase of IIA reform, modernizing the existing stock of old-generation treaties.
Several negotiations for mega-regional agreements continue. Depending on how future mega-regional treaties will interact with overlapping pre-existing ones, this can help modernize today’s stock of old-generation treaties. Multilateral discussions tackled the reform of investment dispute settlement and number of countries are working towards structural discussions in the WTO, aimed at developing a multilateral framework on investment facilitation.
FICCI issues latest edition of Financial Foresights
New Delhi – The Financial Sector team of the Federation of Indian Chambers of Commerce and Industry has released the latest edition of FICCI’s quarterly publication – Financial Foresights. The issue focuses on ‘The Insolvency and Bankruptcy Code’ and presents insightful write-ups contributed by industry leaders and experts in this domain. The passage of the […]
FICCI issues latest edition of Financial Foresights
New Delhi – The Financial Sector team of the Federation of Indian Chambers of Commerce and Industry has released the latest edition of FICCI’s quarterly publication – Financial Foresights. The issue focuses on ‘The Insolvency and Bankruptcy Code’ and presents insightful write-ups contributed by industry leaders and experts in this domain.
The passage of the Code is a landmark step forward from the earlier regime when there was no organised resolution process and different stakeholders approached different forums to resolve the issue. Now there is a unified law with the help of which this problem can be addressed in a systemic and in a time bound manner. Although the law is still in its nascent stage, one can say that the Code is a game changer and a paradigm shift in the laws relating to Insolvency. The pro-activity in implementation of the Insolvency and Bankruptcy Code sends a clear message that resolving NPA issue is a priority for the Government.
While the Code will have several positive impacts in the years to come, it is also essential that shortcomings are corrected so that there are no impediments to its implementation. This kind of a facilitative regime will not only improve business sentiment, but will improve the ease of doing business in the country.
This issue of Financial Foresights has attempted to outline reforms for strengthening the bankruptcy framework leading to a successful implementation of the Code.
6th SAARC Business Leaders Conclave in Kathmandu, March 16-18
Kathmandu – The SAARC Business Leaders’ Conclave 2018 was held in Kathmandu on March 16-18, 2018 with an objective to promote investment, innovation and entrepreneurship in the region by unleashing shared prosperity through economic integration. The event drew business leaders of the SAARC member nations, high-level leaders and government officials, among other stakeholders, to identify […]
6th SAARC Business Leaders Conclave in Kathmandu, March 16-18
Kathmandu – The SAARC Business Leaders’ Conclave 2018 was held in Kathmandu on March 16-18, 2018 with an objective to promote investment, innovation and entrepreneurship in the region by unleashing shared prosperity through economic integration.
The event drew business leaders of the SAARC member nations, high-level leaders and government officials, among other stakeholders, to identify the challenges facing the businesses in the region and the mitigating measures.
Inaugurating the three-day event, Prime Minister KP Sharma Oli said that South Asian countries have been facing common challenges in terms of development and that it is, thus, a high time for all the governments of the region to work together and mitigate developmental, business and economic challenges.
“South Asia is blessed with resources. However, many of resources in the region have remained untapped,” PM Oli said, adding that Nepal is keen to work together with all the governments of South Asia to make optimum use of available resources and make the region the most prosperous one.
Suraj Vaidya, president of SAARC Chamber of Commerce (SAARC-CCI) – the organiser of the event – said the business conclave primarily intends to unleash the untapped potential that South Asia has.
Informing that though almost 21% of the world’s population reside in South Asia and more than half of the population in the region are active working population, Vaidya stressed on the need for collaborative efforts between the governments and private sector in the region to work for economic integration and prosperity.
ICC Invites CACCI Members to the 3rd SDG Business Forum
New York – CACCI members are invited to attend the 3rd SDG Business Forum Led by the International Chamber of Commerce (ICC) that will take place at the UN Headquarters in New York on July 17, 2018.The Forum is being held during the Ministerial segment of the UN’s High-Level Political Forum, the annual review of […]