Others 42nd East Asia Business Council Meeting 2018.08.29

On August 28, 2018, the TCS participated in the Working Group Meeting of the 42nd East Asia Business Council (EABC) in Singapore. ASEAN+3 business representatives, China/Japan/Korea-ASEAN Centers and the TCS were invited to discuss further cooperation to strengthen cooperation among ASEAN+3 economic and business sectors. 

Mr. KO Kwang-Deok, Director of Economic Affairs delivered a presentation on the update on the best practice compilation project for the improvement of supply chain connectivity (SCC) in ASEAN+3 that the TCS is currently working on in collaboration with the EABC. The project aims to promote the existing efficient systems for SCC to all stakeholders including governments, private sectors and scholars in ASEAN+3 region. 

The East Asia Business Council (EABC) was inaugurated in 2004 in Kuala Lumpur, endorsed by ASEAN+3 leaders in October, 2003. Its objective is to strengthen cooperation among ASEAN+3 private sectors, as well as promote intra-regional trade and investment. Based on the ‘Manila Declaration on the 20th Anniversary of ASEAN+3 Cooperation’ and ‘ASEAN+3 Cooperation Work Plan 2018-2022’ of the 20th ASEAN+3 Summit, the TCS will promote trade and investment through collaboration with the EABC with a view to promoting deeper regional integration and further enhance the work and initiatives of ASEAN+3 cooperation.