ASEAN-BAC Advances Regional Economic Agenda At 103rd Council Meeting In Malaysia
The ASEAN Business Advisory Council (ASEAN-BAC) concluded its 103rd Council Meeting this week in Malaysia, signaling a pivotal moment for the region’s economic integration strategy. Held in conjunction with the 46th ASEAN Summit, the meeting brought together business leaders and Council members from across Southeast Asia to review progress on key initiatives and chart a course toward a more resilient and interconnected ASEAN economy.
Chaired by Malaysia under the leadership of Tan Sri Nazir Razak, the Council focused on finalizing the submission of its 12 Strategic Initiatives for 2025. These proposals, aimed at enhancing trade facilitation, digital transformation, and sustainability, are set to be formally presented to ASEAN leaders during a high-level dialogue at the Summit.
“We are now ready to submit our recommendations to the ASEAN Leaders during our formal dialogue later today,” said Nazir. “We will table concrete proposals to accelerate regional integration and strengthen ASEAN’s economic resilience—because time is of the essence.”
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