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Topic of Dicussion

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CLMVT FORUM 2019 : Topic of Dicussion

Topic of Dicussion

23 June 2019 Welcome Dinner:

- Conversation on Trade War: What it means for ASEAN

24 June 2019: - Ministerial Conversation - CLMVT: Region of Endless Opportunities - Panel Discussion: Trade and Investment Linkage - CLMVT Beyond - Duet Talk: Leveling up CLMVT Connectivity for Success

23 June 2019 Welcome Dinner:

Conversation on Trade War: What it means for ASEAN

Background and Overview

Since early 2018, international trade has been eventful by tensions between the US and China. The trade confrontations quickly escalated and has recently expanded to "Tech war". Given the size of the two most powerful economies, these tensions are of importance for all other countries - especially developing ones whose economies are more reliant on international trade yet less resilient to unfavourable global situations.

The looming trade tension has placed the world economy on the verge of uncertainties and leads to the shifting of global economic architecture, trade realignment and the change of investment flow. While the greatest impact will of course be felt in the US and China, the implications also spread to other countries through international linkages of trade and investment. However, opportunities also born out of this circumstance as importers, exporters and investors in the US and especially China would adopt a risk mitigation strategy - looking for new business partners as well as diversifying their investments to new production locations.

With the perks of its locations and resources, ASEAN including CLMVT would be a star alternative for investors. Proactive approaches towards trade integration, investment in trade-related infrastructure and human capital development are some potential collective path for ASEAN to rise to the occasion. In this delicate moment, ASEAN should capitalize this window of opportunity and deliver best policy-making discretion - not only to embrace this prospect but also to create more resilience to unexpected circumstances.

In this session, experts in Asian regionalism, US relations as well as global economic trends will be offering their views and sharing lessons learned about the current trade war situation and the expected effects for ASEAN trade and investment sectors as well as suggest suitable solutions or guideline for ASEAN including CLMVT to react to this economic tension.

Possible Points for Discussion:

  • What is the current situation and prospect of US-China trade war?
  • What are the global and regional effects of the trade war? What are its implications for ASEAN countries?
  • What are the areas of further collaboration, regional trade and investment policies, and necessary steps that should be collectively taken by ASEAN especially CLMVT countries to cope with the trade war? Any recommendations for private sectors?
  • 24 June 2019:

    Ministerial Conversation - CLMVT: Region of Endless Opportunities

    Background and Overview

    Over the past decade, economic integration in CLMVT has impressively strengthened. Driven by burgeoning international trade, expanding direct investment and production networks and the growing affluent population, the share of intra-regional trade to total trade volumes within the CLMVT has nearly doubled. As a part of ASEAN, CLMVT is right in the middle of the growing 700 million people-strong region which makes it attractive as a single market as well as a single production base. This is one of the main reasons why value chain in different industries have slowly been taking shape in CLMVT, driven largely by investment from ASEAN and non-ASEAN investors. Such regional value chain linkage has so far been instrumental in strengthening CLMVT trade, investment, and economic growth.

    The recent turn of events, however, has affected the value-chain building in CLMVT both positively and negatively. Weak global trade recovery, fragile economic and political situation in industrial economies, rising trade protectionism and geopolitical tensions have all contributed to a slowdown in exports of many CLMVT countries particularly those that are in the regional production value chain. But at the same time, there is growing evidence that trade and investment diversion that is occurring because of the so-called "trade war" could be beneficial to CLMVT and ASEAN countries and the regional value chain might expand even quicker than before.

    Another factor that will affect CLMVT's potential as a new value-chain hub is more long-term in nature. The world is entering the era of the Fourth Industrial Revolution (4IR), new technologies and their fusion look set to disrupt every sector - agriculture, manufacturing, and services - throughout their entire value chains. Again, the impacts from technology are a mix bag having both pros and cons. For example, jobs are under increasing threats from automation and robotics, re-skill of workforce is not happening fast enough to cope with the new economy yet productivity in agriculture and other sectors can increase leaps and bounds with the right technology and e-commerce has great potential to expand trade in the region.

    Given the above economic landscape, it is crucial for policy makers of CLMVT to ponder both short- and long-term implications and come up with the proper strategies to embrace the challenges and exploit the opportunities so as to enhance the region's competitiveness and achieve even more connected and cohesive economic integration among CLMVT and beyond to ASEAN and other countries.

    Possible Points for Discussion:

  • With the rising trade protectionism and tension, how should CLMVT respond to the short-term challenges of being in the regional value-chain while at the same time, capitalising on our strength to become an even stronger regional player that can link trade and investment with ASEAN and beyond?
  • As high-level policy makers of CLMVT, what do you see as the key opportunities and challenges for CLMVT to extend its position as the new value chain hub of Asia?
  • Is it possible for CLMVT to become a new value chain hub for industries that engage in or employ new technologies? What is your vision of the future value-chain building in CLMVT? What should we do together to create the eco-system and incentives to attract the right kind of trade and investment for the future development of our region?
  • What are the areas of our collective collaboration with other countries in ASEAN and other regions to ensure our strong participation in the regional value chain development ?
  • 24 June 2019:

    Panel Discussion: Trade and Investment Linkage - CLMVT Beyond

    Background and Overview

    The CLMVT region is a gateway of trade and investment attracting numerous international companies and creating the interconnected system of value chain that has formed an integral part in the global production networks. Agri-business, textiles, automotive and electronics are some of many notable examples of the sectors for which CLMVT has played a significant role in the global trade and investment. As part of ASEAN, CLMVT is also in the heart of a robust region with affluent population and burgeoning economic expansion with strong ties to other countries in Asia and beyond.

    However, CLMVT's current value chain and production network is not without a problem. Not only has its production been considered as having low productivity and low value creation, but the existing production network is also facing new global challenges, including a shift of globalization, international trade tensions, more stringent regulatory controls, and technological disruption. Therefore, it is imperative that CLMVT collectively upgrade its value chain in order to stay relevant in the global production network and utilize each other's strengths to propel sustainable regional prosperity.

    A truly diverse region, the CLMVT countries has been endowed with different competitive advantages and can capitalize complementary specialization patterns through collective collaboration to create and enhance the sustainable regional value chain. In addition, the efficiency of the region's service sector that are value-creating activities and the "glue" that enables the regional economic linkages and networks also has to be strengthened. Improved connectivity and continued reform are central to securing shared benefits from CLMVT's regional and global linkage.

    Together with public institutions, the private firms are a key driving force that could contribute significantly to the core competency of CLMVT and create strategic utilization of regional advantages. This will ultimately strengthen the competitiveness of the CLMVT region that will eventually contribute enormously to the long-lasting and sustainable economic prosperity of ASEAN, Asia, and beyond.

    In this session, prominent business leaders will be offering their views and sharing lessons learned about the creation and expansion of CLMVT's value chain from the perspective of the private sector. In particular, discussion about strengths and weaknesses as well as how to secure sustainable trade and investment linkages for the CLMVT amidst the emergence of new global challenges will be made.

    Possible Points for Discussion:

  • How would your business foresee new patterns of trade and investment; and the expansion of existing or creation of new value chain in the CLMVT region, considering the global challenges, rising trade tensions, technological disruption, environmental issues, aging society, etc.?
  • What are the key strengths and points of concern of CLMVT for transitioning towards the new value chain hub of Asia? What do you think should be our priorities?
  • In this era of uncertainty, how could the businesses promote and secure sustainable trade and investment linkages of CLMVT to ASEAN and other countries?
  • How could the private sector and the government collaborate to unleash the potential of the CLMVT's New Value Chain and promote an inclusive economy?
  • 24 June 2019:

    Duet Talk: Leveling up CLMVT Connectivity for Success

    Background and Overview

    CLMVT has attracted investments from around Asia and the world due to its central location, bustling economy, state-of-the art infrastructure, abundant resources and capable human capital. With its large and growing population as well as its emerging economies, CLMVT have proved to be a strategic production base and supply center for the global supply chain.

    However, expeditious progress in technologies, threat of trade war and protectionism, intensifying geopolitical tensions, and changing nature of global development towards more sustainability are among the top policy issues for the CLMVT economies. To secure its position in and adapt to the fast-changing world economy, CLMVT must be united and take collective actions to upgrade its value chain towards more sustainable, high value-added, and technologically-integrated one. In other words, the region must create a new interconnected value chain of its own.

    Historically, CLMVT has had a strong foundation in terms of regional connectivity that has made CLMVT what it is today. Despite this, stronger and more inclusive CLMVT connectivity needs to be promoted as it is one of the most important factors for strengthening and expanding its regional supply chain networks as well as achieving shared prosperity, inclusiveness and sustainable development in the modern world. In this regard, the CLMVT countries should implement strategies and carry out plans, e.g., promoting service sector, to bring ourselves closer together.

    In this session, two of the most promising business rising stars will exchange ideas and experiences about their success as an enabler that brings customers and companies closer together as well as insights and excellent inspirations of being an innovative organization. They will introduce how lives of supply chain stakeholders in CLMVT could be made easier using updated methods and technology through their products and services. Solutions and possible collaboration between the public and private sectors to promote connectivity in the CLMVT region will also discussed.

    Possible Points for Discussion:

  • What is the current stage of connectivity in CLMVT from the perspective of the private sector?
  • What do you see as opportunities and obstacles for boosting the CLMVT connectivity?
  • What are the pain points or biggest challenges for service sectors to support CLMVT supply chain connectivity? How can technology be leveraged to promote the region's connectivity?
  • How can your business and industry go about in levelling up CLMVT's connectivity and enhance the region's value chain? What are prioritized necessary steps that should be taken to achieve greater connectivity in the CLMVT region and beyond?