ASEAN Secretariat Holds 7th ASEAN Economic Community Dialogue

Jakarta: The 7th ASEAN Economic Community (AEC) Dialogue took place online on Thursday to discuss the findings and recommendations in the ASEAN Business Sentiment Study 2020/2021, which gauged ongoing sentiment of the ASEAN indigenous enterprises towards the implementation of the AEC Blueprint 2025.
 
The study delved deeper into the sentiment on services trade liberalisation, focusing on key service sectors such as the financial services and tourism services. It was conducted in 2021 by Ipsos Strategy 3, with the support of the Australian Government, through ASEAN-Australia Development Cooperation Program Phase II.
 
In his opening remarks, Deputy Secretary-General of ASEAN for AEC Satvinder Singh revealed that the study shows the majority of indigenous enterprises are pleased with the current integration level and look forward to the further enhancement and expansion of the integration initiatives.

"He noted some areas for improvements identified in the study, particularly on the challenges of indigenous enterprises in getting access to information and understanding of the ASEAN initiatives and agreements, so that they can further take advantage of ASEAN’s prevailing trade and investment facilitation," the ASEAN Secretariat said in a press release on Thursday.
 
The discussion highlighted the need to simplify licensing procedures to promote regional investment, harmonisation of data sharing regulations, upskilling digital talent, and creating conducive policy ecosystem to accelerate ASEAN’s indigenous enterprises’ business growth.
 
Meanwhile, the panel discussion on tourism services underlined the low awareness of Mutual Recognition Arrangement for Tourism Professional and the need to accelerate the reopening of the border in a safe manner to restart the tourism industry post Covid-19 pandemic.
 
Both panel discussions noted the attraction of ASEAN to global investors and affirmed that further integration will boost the financial and tourism sector even further.
 
There were over 90 participants from government agencies and private sector in ASEAN Member States attended the virtual dialogue
 
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