On September 21, the Joint Meeting for China-ASEAN Chamber of Commerce and Industry Presidents under the framework of the 16th China-ASEAN Business and Investment Summit was held in Nanning and the Memorandum of Understanding on Rotating President System for China-ASEAN Business Leaders Forum was adopted.
Yan Zhichan, member of the Standing Committee of the Party Committee and Vice Chairman of Guangxi Autonomous Region, said at the meeting that Guangxi’s actual investment in ASEAN soared from RMB 25 million in 2004 to RMB 2.8 billion in 2018, with an average annual growth rate of 40%. As a window for China-ASEAN open cooperation, Guangxi has also seen rapid development while serving regional cooperation, and has become a promoter, participant and beneficiary in terms of deepening China-ASEAN cooperation.
In recent years, Guangxi is actively implementing the Belt and Road initiative. Guangxi Free Trade Zone, the establishment of which was announced last month, will become the pioneering zone and demonstration zone for the synergy with western China and the Belt and Road Initiative, further improve the business environment, stimulate the market vitality and facilitate the two-way investment between Guangxi and ASEAN.
The main topic of this joint meeting is to review the rotating president system of China-ASEAN Business Leaders Forum. Li Changguan, Secretary General of the Secretariat of China-ASEAN Business and Investment Summit, introduced the rotating president system of China-ASEAN Business Leaders Forum, and jointly reviewed and adopted the Memorandum of Understanding on Rotating President System for China-ASEAN Business Leaders Forum in concert with the heads of the chambers of industry and commerce in ASEAN countries. It is also announced that the rotating president of this Leaders Forum comes from Singapore.
The meeting was attended by some 50 people including the leaders and entourage of China Council for the Promotion of International Trade, the leaders of chambers of commerce and industry from ASEAN countries, and the leaders and staff of the Secretariat.
Since 2010, the China-ASEAN Business Leaders Forum (hereinafter the “Forum”) under the framework of China-ASEAN Business and Investment Summit has been held for 10 years, which has promoted exchanges and cooperation between the business communities in China and ASEAN. In order to boost the influence of the Forum and keep its vitality, the Secretariat of the Summit proposed to change the Forum’s organization model into the rotating president system for the chambers of commerce and industry in China and 10 ASEAN countries. Each year, the head of the Chamber of Commerce and Industry in a country will serve as the rotating president of the Forum, and the summit is convened by the secretariat. That the head of Chamber of Commerce and Industry from ASEAN countries as the rotating president of the Forum helps innovate the forms of activities, bring diversity to the Forum, reflect the aspirations of ASEAN countries, discuss economic and trade cooperation between China and ASEAN, facilitate trade and investment in the region, release economic and trade vitality, promote a closer China-ASEAN community with a shared future and open up more possibilities for regional economic growth.
The joint meeting was convened by the secretariat of China-ASEAN Business and Investment Summit. The leaders of chambers of commerce and industry in ASEAN countries were invited to offer advice and suggestions on how business communities in China and ASEAN can better promote the liberalization and facilitation of regional trade and investment, release economic and trade potential, jointly build a closer China-ASEAN community of a shared future and jointly promote the deep pragmatic cooperation under the Belt and Road Initiative, pursue high-quality and steady development. (Reporters: Shi Ruipeng, Zheng Yiran)
Source: China Daily