Indonesia has proposed establishing a business council to strengthen trade ties between Asian and African business communities.
Theinitiative was put forward by the Indonesian Chamber of Commerce andIndustry (Kadin) at the World Economic Forum on East Asia held inIndonesia from April 19-21.
According to Kadin PresidentSuryo Bambang Sulisto, the formation of the Asia-Africa Business Council(AABC) is aimed to facilitate regular meetings between key businessplayers in the two continents.
The president noted thatcollaboration between Asia and Africa has progressed and matchedeconomic growth, with new economic and business cooperativeopportunities opening up between the two continents.
Accordingto Kadin statistics, with 75.3 percent of total world’s population and28.5 percent of the world’s gross domestic product (GDP), the twocontinents have emerged as significant potential markets.
Inkeeping with the current development trend, it is necessary for nationsto expand economic cooperation in imports-exports and investment flow aswell as develop manufacturing industries.
With the establishmentof the AABC, over 100 nations in Asia and Africa could boost links ineconomics and trade, creating a foundation and strengthening the twocontinents’ economies.-VNA
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