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CLOSING REMARKS

CLOSING REMARKS. Special Dialogue. Important Milestones. IMPACT OF CAFTA. Promotes trade between China & ASEAN - combined trade value amounts to 1/10 of world trade Provides chances to develop practical economic situation.

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CLOSING REMARKS

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  1. CLOSING REMARKS

  2. Special Dialogue Important Milestones IMPACT OF CAFTA • Promotes trade between China & ASEAN - combined trade value amounts to 1/10 of world trade • Provides chances to develop practical economic situation • Improves people’s living standards (especially the middle class) and technologicalprogress for ASEAN region.

  3. Session 1 Ministerial Forum: Maximizing Trade under CAFTA: How ASEAN and CHINA Can Benefit from the FTA

  4. Session 1 CAFTA – A Successful Saga

  5. Session 1 CAFTA needs regulations to protect ASEAN SMEs – i.e. 99% of businesses in Indonesia are SMEs Focus on Micro aspects in developing CAFTA • accessibility of finance • knowledge and training programme/centers, education support, etc. • establish focal points (eg. ASEAN hubs) • local Strategic partnership

  6. Session 1 Thailand Export Strategies to China Maximizing Trade under CAFTA: How ASEAN and China can Benefit from FTA • Promote and support high potential service trade eg. restaurants, education, health & beauty, spa, construction,architect, hospitality service, security, entertainment, etc. • Encourage & support Thai entrepreneurs’ business establishment in China • Expand business networking for each product cluster • Establish new business channels (eg. E-Commerce)

  7. The potential of CAFTA went largely unnoticed by the SMEs that constitute the biggest part of our economies Why? Because the CAFTA vision is still a vision of Governments • Session 1 KADIN INDONESIA

  8. Session 2 • Doing Business with China – Understanding Standards, Rules and Regulations

  9. Doing Business with China • Session 2 • Adopting specific strategies • localisation of business management • Positioning of brand • Capitalisation of market potential • Developing the right attitude • Perseverance • Adapt and adopt • Abiding laws • Proliferation in the usage of non-tariff barriers • China’s industrial policies – consolidation of industries • Existence of protected sectors: • - trade barriers • - exemptions from China’s competition law • Differential treatment accorded to foreign SMEs • The domination of collectivism

  10. Session 2 Tariffs:no longer the main consideration of business community. Concerns mainly in area of non-tariff barriers - NTB do not pose a problem, if consistent with international obligations Need to ensure NTB not abused

  11. Session 3 • Turning Crisis into Opportunity: Strategies for Entrepreneurs in the Current Economic Climate

  12. Session 3 Increase in middle-income population supports consumption – ASEAN’s middle class population could reach 300million by 2014, which should underpin consumption growth. This is much larger than China’s or India’s!! NEXT STEP….

  13. Session 3 ASEAN-China FTACOLLABORATIVE PARTNERSHIP APTEC - A HIGH IMPACT PLATFORM TO DRIVE SME & JOBS

  14. What was yesterday’s market is not available today – the niche for you may no longer be a niche • Session 3 SMEs need to be the frontier of technology , meaning the real innovation. Not imitation!! Dato’ HajiMohamadIqbalRawther

  15. Session 4 • E-Commerce Crossing the Borders at the Click of a Mouse

  16. Session 4 SME Business Challenges Today E-procurement via web-based technology • Rising competition • Fast-changing business dynamics • Legacy in business processes • Technology bottlenecks – hardware & software • Talent issues

  17. Session 4 Keys to Success • Adequate e-commerce infrastructure in place • Policy and regulatoryframework • B2B before B2C in certain countries • International and local collaborators http://b2b.asean-cn.org E-Commerce:Crossing the Bordersat the Click of a Mouse

  18. Session 4 Step to Next Generation B2B - Commerce Salary earners – Can they survive ? It’s a jungle out there! SMEs – They know how to survive in the real world

  19. Session 5 • Logistics and the Value-Chain System: Opportunities for SMEs

  20. Session 5 Criteria for SMEs in the Logistics Industry Opportunity for SMEs>>> Logistics companies i.e. MASKargo outsource services to third party. 4 criteria

  21. Session 5 OPPORTUNITIES OF OUTSOURCING IN AIR FREIGHT LOGISTICS

  22. Session 6 • Trade Finance: Trading Beyond Borders

  23. Financing SMEs • Banksactively financing SMEs: - Covering 40% of total portfolio - Loan approvals rose by 23% - Total loan increased to RM 150 million • Initiative to simplify loan application process • Involvement of private & Government sectors

  24. KASIKORNBANK PLC.

  25. Session 7 • The Way Forward: Maximizing Growth for SMEs in the China-ASEAN Economies

  26. Promote greater awareness on CAFTA

  27. Leverage on e-commerce platform

  28. SMEs in ASEAN should be strengthened to take full advantage of the growing Chinese markets. • SMEs in ASEAN should focus on developing their own Research and Development capabilities to complement the growing demand in China. • Take advantage of financing • i.e., ADB’s ASEAN China Investment Fund II, which seeks to raise $250 million in total capital, and plans to invest in companies that will benefit from increasing trade between ASEAN bloc and China.

  29. Create strategic alliances • SMEs are in a better position to capitalize on FTAs to enhance profit, advantage and growth • SMEs leverage on their combined knowledge, capabilities, and other assets • Study market structures and demand in China • Customers in China are fragmented due to the country's vast population • Identify target customers in China • Tailor-fit products according to specific profile of target market in China • Products entering Chinese market also need to have local language labeling

  30. Concerted efforts • SMEs • Governments • Academic and Research Institutions • International and Regional Institutions • Big business

  31. CREATION OF SOCIAL ENTERPRISE AS A VEHICLE FOR SOCIO-ECONOMIC TRANSFORMATION OF COMMUNITY

  32. Governments can promote the growth of its SME business through several levers: Legislative Tax cut and exemption policies Fiscal Spending Financial markets

  33. SME BUSINESS CENTRE INFOLINE 1-300-88-1801 Business Advisory Services (BAS) Send to 15888 THANK YOU VIRTUAL SME INFORMATION CENTREwww.smecorp.gov.my SMS for Grants Status & Other Information SMECORP SMECORP

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