Singapore hosts the 41st ASEAN-Japan Business Meeting 2015
- Panel discussions to focus on the changing business environment in ASEAN, business integration between ASEAN and Japan, as well as business opportunities in the region
This year, the conference is hosted by Singapore. Japan’s Ambassador to Singapore, His Excellency, Haruhisa Takeuchi will also deliver a speech on behalf of Japan Prime Minister Shinzō Abe.
The keynote speeches will be delivered by Ms Alison Kennedy, Managing Director, ASEAN, Accenture Strategy and Mr Kazumi Nishikawa, Executive Director of JETRO Singapore and Special Advisor to the Minister, Ministry of Economy, Trade and Industry.
The annual AJBM is a multilateral and private-led business forum. Inaugurated in 1974 by Keizai Doyukai, the AJBM aims to promote mutual understanding and collaboration between business leaders from ASEAN countries and Japan. This year, the conference focuses on key issues such as the future of a Regional Operating Model, the strengthening of ASEAN as an economy, Japan’s business integration into ASEAN, as well as the regional opportunities. Industry experts and business leaders will be sharing market insights and business opportunities in the changing economic landscape of ASEAN.
With the third largest combined GDP in Asia at US$2.5 trillion in 2014, ASEAN is poised to become the fourth largest single market in the world by 2030, after Europe, the United States of America and China. ASEAN’s combined GDP is also estimated to increase fourfold to US$10 trillion by 2030.
Japan is ASEAN’s third largest trading partner after China and Europe. The two-way trade between ASEAN and Japan reached US$240.9 billion in 2013 and accounted for 9.6% and 9.0% of ASEAN’s exports and imports respectively.
Mr S. S. Teo, Chairman of SBF, said “Over the years, there has been significant progress made in the ASEAN-Japan relations, with cooperation established in various areas including economics and finance. With over 600 million consumers and a rising middle income population1, ASEAN is an attractive market for businesses. Through the AJBM, we hope to strengthen our collaboration with Japanese business organisations like Keizai Doyukai and JCCI to help Japanese companies tap on Singapore’s position as a strategic business hub for growing the ASEAN market and as a gateway to the global business community. Companies seeking to do so can tap on SBF’s ACCESSASIA@SINGAPORE programme which assist businesses to set up operations in Singapore and also expand into the region.”
Chairman of the ASEAN Business Advisory Council Singapore, Dr Robert Yap added “By end of 2015, ASEAN will be one step closer towards forming an integrated economic region which aims to achieve a highly competitive single market and production base and a region that is fully integrated into the global economy with equitable economic development. This will open up opportunities for collaboration between Japan and ASEAN and allow the business community to take advantage of this new economic landscape.”
Welcome Remarks by Dr Robert Yap