The 3rd ASEAN-EU Business Summit – a high profile forum for economic dialogue – aims to foster stronger trade and investment ties between the two blocs. Hanoi will host the 3rd ASEAN-EU Business Summit (ASEAN-EU 2013) in conjunction with the 19th ASEAN Economic Ministers Retreat on March 9.
The event is organized by the European Chamber of Commerce in Vietnam (EuroCham), the Vietnam Chamber of Commerce and Industry (VCCI), the EU-ASEAN Business Council, the ASEAN Business Advisory Council (ASEAN BAC), and the ASEAN Chamber of Commerce and Industry (ASEAN CCI).As many as 600 prominent domestic and international decision makers and business leaders are expected to attend the Summit alongside Prime Minister Nguyen Tan Dung, EU Trade Commissioner Karel de Gucht, Minister of Industry and Trade Vu Huy Hoang, and ASEAN Secretary-General Le Luong Minh.The summit will incorporate three business to business (B2B) meetings to discuss ASEAN’s investment opportunities and challenges and regional corporate social responsibility (CSR).Participating business luminaries have planned dialogues to develop specific proposals for submission to the 10 ASEAN Trade Minsters and EU Trade Commissioner. The summit will cover economic sectors including the agricultural economy, automobile industry, financial services, information technology, infrastructure/connectivity, and pharmaceuticals. VCCI Chairman Vu Tien Loc told a March 1 press briefing that policy makers at the summit will touch upon recent developments in the Trans-Pacific Partnership Agreement (TPP) negotiations underway between Vietnam and the EU. An early signing of the TPP would help Vietnam improve its investment environment and competitive capacity. Loc said the TPP could also remove trade barriers hindering businesses, boost EU market exports, and facilitate the kinds of technology transfers to serve Vietnam’s national industrialization and modernization process.