US-ASEAN to urge AEM to accelerate ASEAN integration process
03 Oct '05
3 min read
- Sign on to the World Customs Organisation's (WCO) Framework of Standards to Secure and Facilitate Trade and begin implementing it, and adopt other reasonable measures to diminish supply chain security vulnerabilities in ASEAN
- Implement the Multimodal Transport Bill (MTO) in the spirit of FTA and ASEAN principles by not raising barriers
US-ASEAN Business Council President Matthew Daley said that the Council also continued to urge the AEM to accelerate the ASEAN integration process as it is the key to provide the economies of scale and efficiencies that investors require to commit significant funds to the region. They believe that ASEAN has a clear roadmap and substantive agreements in place to achieve economic integration. What they need now is for ASEAN to implement those agreements without further delay.
At the meeting, the delegation also discussed the outcomes from a report that was published earlier this year by the US-ASEAN Business Council titled: “Express Delivery Services: Integrating ASEAN to Global Markets.” The report provides a number of recommendations for developing a customs modernization strategy and undertaking measures to promote trade facilitation.
On the question of the importance of encouraging a framework for strengthened intellectual property rights, the Council drew the attention of the Ministers to a recent report produced by the ICC's Business Action to Stop Counterfeiting and Piracy (BASCAP) initiatives entitled “Intellectual Property: Source of innovation, creativity, growth and progress.”
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