11th Asian Business Summit (ABS) on 6th November 2020 hosted by Keidanren (via Zoom)

 

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The 11th Asian Business Summit (ABS) was held on 6th November 2020 over Zoom, with the participation of 14 business organizations representing 12 Asian Economies. Malaysia was represented by MAJECA through its three executives, Tan Sri Azman Hashim, President, Datuk Seri Mohamed Iqbal, Vice-President, with Tan Sri Dr Michael Yeoh, Hon. Secretary in attendance.

 

2.0 Programme

The 11th Asian Business Summit / Digital Conference Agenda (Final)

Date: November 6th, 2020

12:00-16:30 (Malaysian Time)

13:00 – 17:30 (Tokyo Time)

hosted by Keidanren, Japan

*Japanese / English simultaneous interpretation

Moderator: Mr. Masakazu Kubota, Director General, Keidanren


12:00-12:20 MYT

13:00-13:20 JT

Opening Session

Opening Remarks:  Mr. Nobuyuki Koga, Chairman of the Board of Councillors, Keidanren

Guest Speech: Mr. Yasutoshi  Nishimura, Minister of State for Economic and Fiscal Policy and Minister in charge of Economic Revitalization

12:20-13:30 MYT

13:20-14:30 JT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plenary Session I : Impact of COVID-19 & Challenges for post-COVID-19 Economic Recovery in member economies and Asia

 Session Moderator: Mr. Satoshi Mukuta, Senior Managing Director, Keidanren

Speakers:  5 Min / each

Mr. Nobuyuki Koga

Chairman of the Board of Councillors, Keidanren

Mr. Kalin Sarasin

Chairman, The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB)

Mr. Zhang Shaogang

Vice  Chairman, China Council for the Promotion of International Trade (CCPIT)

Mr. Uday Kotak

President, Confederation of Indian Industry (CII)

Mr. Rosan Perkasa Roeslani

Chairman, Indonesian Chamber of Commerce and Industry (KADIN)

Mr. Tae-shin Kwon

Vice Chairman & CEO, Federation of Korean Industries (FKI)

Tan Sri. Azman Hashim

President, Malaysia-Japan Economic Association (MAJECA)

Mr. Aye Tun

Joint Secretary General, The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)

Mr. Gerard B. Sanvictores

Chairman, Philippine-Japan Economic Cooperation Committee (PHILJEC)

Mr. Ho Meng Kit

Chief Executive Officer, Singapore Business Federation (SBF)

Dr. Huang Mao-Hsiung

Honorary Chairman, Chinese East Asia Economic Association (CEAEA), Taiwan 

Dr. Vu Tien Loc, Chairman and President, Vietnam Chamber of Commerce and Industry (VCCI)

13:30-14:00 MYT

14:30-15:00 JT

Break
14:00-15:00 MYT

15:00-16:00 JT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plenary Session II : Challenges facing Asia

Session Moderator: Mr. Ichiro Hara, Managing Director, Keidanren

Speakers:  4 minutes / each

1. Trade policy

Mr. Tae-shin Kwon

Vice Chairman & CEO, Federation of Korean Industries (FKI)

Mr. Chandrajit Banerjee

Director General, Confederation of Indian Industry (CII)

Datuk Seri. Mohamed Iqbal

Vice President, Malaysia-Japan Economic Association (MAJECA)

Mr. Shigeru Hayakawa

Vice Chair, Keidanren

2. Infrastructure

Mr. Rosan Perkasa Roeslani

Chairman, Indonesian Chamber of Commerce and Industry (KADIN)

Mr. Supant Mongkolsuthree

Chairman, The Federation of Thai Industries

Mr. Ye Min Aung

Vice President, The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)

Mr. Tatsuo Yasunaga

Vice Chair, Keidanren

3. Digitalization

Mr. Zhu Hongren

Standing Vice Chairman, China Enterprise Confederation (CEC)

Dr. Huang Mao-Hsiung

Honorary Chairman, Chinese East Asia Economic Association (CEAEA), Taiwan

Mr. Ferdinand A. Ferrer

Treasurer, Philippine-Japan Economic Cooperation Committee (PHILJEC)

Mr. Kobsak Duangdee
Secretary General, The Thai Bankers’ Association

Mr. Kenichiro Yamanishi

Vice Chair, Keidanren

4. Environment and Energy

Mr. Kao Kuo-Lun

Vice Chairman, Chinese National Association of Industry and Commerce (CNAIC), Taiwan

Mr. Hitoshi Ochi

Vice Chair, Keidanren

15:00-16:20 MYT

16:00-17:20 JT

Exchange of Views

Session Moderator: Mr. Ichiro Hara, Managing Director, Keidanren

16:20-16:30 MYT

17:20-17:30 JT

Joint Statement and Future Work
16:30 MYT

17:30 JT

Closing

Note:-  Please note above “MYT” denotes “Malaysian Time”  and “JT” denotes  “Tokyo Time”. 


3.    Opening Session 

Mr Nobuyuki Koga, Chairman of the Board of Councillors, Keidanren giving his opening remarks.

Mr Yasutoshi Nishimura, Minister of State for Economics and Fiscal Policy and Minister in charge of Economic Revitalisation giving his guest speech via video message.

 

 

 

 

 

 

 

 

 

 

 

 


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Plenary Session 1

This session was titled “Impact of COVID-19 & Challenges for post-COVID-19 Economic Recovery in member economies and Asia”.

Mr Satoshi Mukuta, Senior Managing Director, Keidanren moderated.

The presenters for this session were the following:

From top-left, clockwise:

  1. Mr Nobuyuki Koga, Chairman of the Board of Councillors, Keidanren
  2. Mr Kalin Sarasin, Chairman, The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB)
  3. Mr Zhang Shaogang¸Vice Chairman, China Council for the Promotion of International Trade (CCPIT)
  4. Mr Uday Kotak, President, Confederation of Indian Industry (CII)
  5. Mr Rosan Perkasa Roeslani, Chairman, Indonesian Chamber of Commerce and Industry (KADIN)
  6. Mr Tae-shin Kwon, Vice Chairman & CEO, Federation of Korean Industries (FKI)

From top-left, clockwise:

7. Tan Sri Azman Hashim, President, Malaysia-Japan Economic Association (MAJECA)

8. Mr Aye Tun, Joint Secretary General, The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)

9. Mr Gerard B. Sanvictores, Chairman, Philippines-Japan Economic Cooperation Committee (PHILJEC)

10. Mr Ho Meng Kit, CEO, Singapore Business Federation (SBF)

11. Dr Huang Mao-Hsiung, Honorary Chairman, Chinese East Asia Economic Association (CEAEA), Taiwan

12. Dr Vu Tien Loc, Chairman & President, Vietnam Chamber of Commerce and Industry (VCCI)

 

The President of MAJECA, Tan Sri Azman Hashim sharing his insights.

 

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Plenary Session 2

The second plenary session was titled “Challenges facing Asia”, and was split into four parts which were: trade policy, infrastructure, digitalization, and, environment and energy respectively.

This session was moderated by Mr Ichiro Hara, Managing Director, Keidanren.

 

The speakers for each session were as follows:

  1. Trade Policy

From top-left, clockwise:

1.Mr Tae-shin Kwon, Vice Chairman & CEO, Federation of Korean Industries (FKI)

2.Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII)

3.Datuk Seri Mohamed Iqbal,Vice President, Malaysia-Japan Economic Association (MAJECA)

4.Mr Shigeru Hayakawa, Vice Chair, Keidanren

 

Datuk Seri Mohamed Iqbal, Vice President of MAJECA speaking on the Trade Policy panel during Plenary Session 2.

 

 

2.Infrastructure

From top-left, clockwise:

1.Mr Rosan Perkasa Roeslani, Chairman, Indonesia Chamber of Commerce and Industry (KADIN)

2.Mr Chartchai Panichewa, Vice-Chairman, The Federation of Thai Industries

3.Mr Ye Min Aung, Vice President, The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)

4.Mr Tatsuo Yasunaga, Vice Chair, Keidanren

 

 

  1. Digitalization

From right to left:

1.Mr Zhu Hongren, Standing Vice Chairman, China Enterprise Confederation (CEC)

2.Dr Huang Mao-Hsiung, Honorary Chairman, Chinese East Asia Economic Association (CEAEC), Taiwan

3.Mr Ferdinand A. Ferrer, Treasurer, Philippines-Japan Economic Cooperation Committee (PHILJEC)

4.Mr Kobsak Duangdee, Secretary General, The Thai Bankers’ Association

5.Mr Kenichiro Yamanishi, Vice Chair, Keidanren

 

  1. Environment and Energy
  2. Mr Kao Kuo-Lun, Vice Chairman, Chinese National Association of Industry and Commerce (CNAIC), Taiwan

    Mr Hitoshi Ochi, Vice Chair, Keidanren

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Following the end of the plenary sessions, the summit proceeded with an exchange of views with Mr Ichiro Hara, Managing Director, Keidanren continuing as moderator.

A collage of various role players exchanging their views and insights.

(from top-left, clockwise): Mr Ken Kobayashi, Vice Chair of the Board of Councillors, Keidanren; Chair of the Japan-Indonesia Economic Committee & Japan-Myanmar Economic Committee; Chairman of the Board, Mitsubishi Corporation, Mr Tatsuo Yasunaga, Vice Chair, Keidanren; President and CEO, Sumitomo Mitsui Financial Group, Inc., Mr Shinya Katanozaka, Vice Chair, Keidanren; President & CEO, ANA Holdings Inc.,  Mr Ichiro Hara, Managing Director, Keidanren, Mr Kenichiro Yamanishi, Vice Chair, Keidanren; Executive Corporate Adviser, Mitsubishi Electric Corporation, Mr Takashi Yamauchi, Vice Chair, Keidanren; Chairman, Member of the Board, Taisei Corporation, Mr Nobuyuki Hirano, Vice Chair, Keidanren; Chairman, Mitsubishi UFJ Financial Group, Inc., and Mr Ho Meng Kit, CEO, Singapore Business Federation (SBF).

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The 11th Asian Business Summit reached its conclusion with the presentation of the Joint Statement and a group photo of the remaining members.

The 11th Asian Business Summit Joint Statement

On November 6, 2020, the 11th Asian Business Summit was held online with the participation of 14 business organizations representing 12 Asian Economies.

The global coronavirus pandemic has stifled business activities and created a set of extremely challenging conditions for the world economy. At this time, all members of the Asian business community should work closely and collaboratively with their governments and multilateral institutions to address and overcome these challenges. It was with this backdrop in mind that participants in the 11th Asian Business Summit gathered to discuss economic and industrial strategies for the current and post-pandemic eras as well as issues on regional cooperation in Asia.

The Summit began with a series of presentations by participating business organizations, which shared information on the status of the coronavirus pandemic in each economy and the countermeasures which their governments, business communities, and corporate sectors have implemented in response.

In the interest of protecting the lives, jobs, and livelihoods of their citizens, as well as their economies, we call on the governments of Asian economies to take prudent action aimed at balancing economic activities with measures to halt the expansion of the pandemic through the establishment of robust frameworks for the provision of needed medical care, stable delivery of medical supplies, and enhancement of support for businesses and workers. As members of the Asian business community, we are committed to assuming an active role, fully utilizing the resources at our command, and working together to achieve sustained business operations and employment levels as well as diversify and reinforce our supply chains.

It is imperative that we build from that foundation and transform the harsh realities of the current and post-pandemic eras into opportunities for further sustained growth. This Summit provided a forum to deepen our discussions on trade policy, infrastructure development, digitalization, environment, energy, and other issues confronting the Asian economy in the sphere of cooperation. As an outcome of that discussion, we arrived at a consensus on the importance of the following.

First, it is vital that we sustain and strengthen the free and open international economic system. To that end, efforts should be made to promote regional economic integration through early conclusion of the Regional Comprehensive Economic Partnership (RCEP) Agreement and the expansion of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is necessary to re-establish and enhance connectivity within the region disrupted by the pandemic through both qualitative and quantitative advances in infrastructure development. Furthermore, we will need progress in digital transformation (DX) through data free flow with trust and other growth strategies adapted to the “new normal” as well as promotion of RD&D and finance on environmental and energy technologies aimed at transition to a decarbonized society. To address these challenges, we are committed to speeding up our efforts through cooperation and call for measures in inter- and intra-governmental coordination.

Moving forward, we will continue to utilize the Asian Business Summit platform to discuss the issues facing Asia in fostering sustainable development and facilitate realization of the “Society 5.0 for SDGs” concept.

https://www.keidanren.or.jp/en/policy/2020/106.html

A group photo of various role players taken at the end of the summit.

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