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Permanent Mission of the Republic of Singapore to ASEAN
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Business leaders and policy makers engage at the ASEAN-Australia Special Summit

18 March 2018

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18-Mar-2018

Source:  ASEAN Secretariat News

Business leaders and policy makers engage at the ASEAN-Australia Special Summit

SYDNEY, 17 MARCH 2018 – Business leaders from ASEAN and Australia attended a series of engagements with policy makers at the sidelines of the ASEAN-Australia Special Summit.

These engagements provided them with opportunities to share insights into regional market dynamics, as well as exchange views on opportunities from the fast-growing technological advancement and enhanced economic ties between ASEAN and Australia.

Secretary-General of ASEAN Dato Lim Jock Hoi, who was in Sydney to participate in the Special Summit, also took time to engage these industry leaders and leading CEOs from ASEAN and Australia.

The business segment of the Special Summit saw the convening of the Small and Medium Enterprises (SME) Conference and a CEO Forum.

At the SME Conference on 16 March, Prime Minister of Australia Malcolm Turnbull, and his counterpart from Singapore, Prime Minister Lee Hsien Loong, highlighted the importance of SMEs as the engine for growth, and the opportunities for SMEs to benefit from closer economic linkages between ASEAN and Australia in the digital era. On this occasion, Prime Minister Turnbull announced the launch of an initiative on digital trade standards.

Opening the CEO Forum on 17 March, Prime Minister Turnbull highlighted the importance of receiving practical feedback from businesses in progressing regional economic initiatives. He also underscored the value of sharing experiences and expertise in areas such as sustainable and smart city development. To this end, Prime Minister Turnbull launched a new AUD30 million ASEAN-Australia initiative on smart and sustainable cities. Speaking at the same forum, Indonesian President Joko Widodo highlighted the immense opportunities from economic growth and digital technology advancement in ASEAN. The one-day forum addressed key topics related to ASEAN-Australia economic partnership, including on tourism, digital transformation in services, advanced manufacturing, Industry 4.0, agri-food and energy supply chains, and infrastructure.

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