ASEAN-BAC Roadshow to Malaysia In Boost To Regional Growth and Innovation
ASEAN-BAC Indonesia Unites with Malaysian Government and Private Sector to Drive Innovation and Economic Growth for Southeast Asia
ASEAN-BAC Indonesia, led by the Indonesian Chamber of Commerce and Industry (Kadin Indonesia), is driving economic growth and development through innovation and inclusiveness, promoting the values of centrality, innovation, and inclusiveness.
ASEAN-BAC met with Minister Tengku Zafrul, the Minister of International Trade and Industry Malaysia, to discuss its chairmanship agenda and gain cooperation for the chairmanship legacy.
The meeting highlighted the importance of strengthening the strategic relationship between the private sector, government, and ASEAN, particularly ahead of Malaysia's turn as the Chairman of ASEAN in 2025.
ASEAN-BAC reiterated its commitment to developing an ambitious vision for the post-2025 ASEAN Economic Community amidst a more challenging economic landscape, including the standardization of ESG reporting and promoting public-private funding in sustainable projects.
The roadshow to Malaysia also emphasized the concept of "gotong-royong," a spirit of mutual assistance and cooperation that has been a cornerstone of Indonesian and Malaysian society, promoting people-to-people connectivity through business exchanges, visits, and partnerships.
Malaysia-Indonesia trade relations are robust, with total trade value in 2021 having increased by 43.5 percent compared to 2020, with a total value of US$22.93 billion.
The roadshow to Malaysia aims to build on this trade foundation and promote mutually beneficial economic partnerships in consumer goods, including on halal products, to benefit not only companies but also people.