A Resilient, Inclusive, People-Oriented, and People-Centred ASEAN

  • Work on SME development and improving business environment continues, with the adoption of ASEAN Regional Principles on Good Business Registration Practices, and the setting up of various platforms to assist MSMEs such as the ASEAN Online Academy, ASEAN Business Incubator Network (ABINet) and the ASEAN Mentorship for Entrepreneurs Network (AMEN).
  • The ASEAN Business Advisory Council (ASEAN-BAC) has been appointed as the apex private sector body in ASEAN. The ASEAN-BAC will take the lead in coordinating inputs from established business councils and entities in their interactions with various ASEAN sectoral groups. In addition, relevant ASEAN bodies were encouraged to institutionalise within each body a consultative process with lead private sector entities (business associations and business councils) as well as ASEAN-BAC representatives to support the implementation of initiatives under the sectoral work plans. A revised Rules of Procedures for Private Sector Engagement has also been endorsed in 2017 to ensure more effective Public-Private Sector Engagement.
  • On narrowing the development gap, the IAI Work Plan III (2016-2020) was adopted by Leaders at the 28th ASEAN Summit in September 2016. The Work Plan is designed to assist CLMV countries to meet ASEAN-wide targets and commitments towards realising the goals of the ASEAN Community. It consists of five strategic areas, namely food and agriculture, trade facilitation, MSMEs, education, and health and well-being. The actions are closely aligned with the ASEAN Community Blueprints 2025 and relevant ASEAN sectoral work plans.