Jakarta (ANTARA) - Chair of the ASEAN-Business Advisory Council (ASEAN-BAC) Arsjad Rasjid underlined his commitment to improve trade and investment facilitation in the ASEAN to strengthen the region's competitiveness and resiliency.ccording to Rasjid, by promoting stronger collaboration among the government, business, and other stakeholders, ASEAN-BAC strives to remove barriers, simplify process, and utilize technology to create a conducive ecosystem for sustainable economic development. "ASEAN-BAC is committed to encouraging the smoothness of goods, services, and investment flow that will boost economic growth, create jobs, and improve the people's livelihoods in our region," he noted through a statement on Wednesday. In 2020, some 23 percent of trade and 15 percent of investment were recorded in the ASEAN. This improvement in achievement continues to be supported by enhancing economic and cooperation integration between ASEAN's member countries. In the same period, ASEAN received a total of US$137 billion in foreign direct investment (FDI). This reflects the appeal of ASEAN for investment opportunities. SEAN-BAC then showed greater appreciation toward Trade and Investment Facilitation as one of the pillars of ASEAN Business Awards (ABA) 2023.
Source: Antara News Agency