Development of ASEAN Community Vision 2045, ASEAN Connectivity Strategic Plan (ACSP): Focus Group Discussion on Regulatory Excellence and Cooperation, 13 June 2024

ASEAN-BAC Malaysia recently participated in the Focus Group Discussion (FGD) to provide input for the development of the ASEAN Community Vision 2045 and ASEAN Connectivity Strategic Plan (ACSP). Co-organised by the ASEAN Secretariat and ERIA: Economic Research Institute for ASEAN and East Asia, public and private sector representatives convened to discuss, debate, and debottleneck the key challenges and strategies in critical areas of the ASEAN Master Plan on Connectivity (MPAC) 2025.

During the Regulatory Excellence and Cooperation session, Jukhee Hong, Executive Director of ASEAN-BAC Malaysia, emphasised the need to simplify and harmonise the various standards and regulations to reduce cross-border trade complexity in ASEAN. These efforts can align with ASEAN-BAC Malaysia’s key initiatives in cross-border investment, capital flows, talent mobility, sustainability reporting and carbon market to ensure that new regulatory measures do not impede the growth of MSMEs in ASEAN.

The insights and strategic actions developed at the FGD will be pivotal in realising the ACSP’s vision. ASEAN-BAC Malaysia reaffirms our commitment to fostering collaboration towards a more connected and resilient ASEAN by 2045.