Bali, January 29, 2018. The U.S. Government through the ASEAN-U.S. Partnership for Good Governance, Equitable and Sustainable Development and Security (PROGRESS) project is supporting the 10th Summer Institute on “Trade, Investment, and the Rule of Law in ASEAN.” The two-day event has brought together over 70 participants from relevant ASEAN bodies, civil society organizations, private sector, and academia to examine and explore potential coordination and collaboration to best achieve more inclusive and sustainable economic benefits for ASEAN.
Working in close collaboration with the Human Rights Resource Center (HRRC), USAID’s ASEAN Connectivity on Trade and Investment (ACTI), and others, PROGRESS supports this year’s event—postponed due to the threat of eruption from Mount Agung back in September 2017—to promote stronger people-to-people engagement across sectors in ASEAN. More specifically, the objective of the 10th Summer Institute is to provide ASEAN officials a less formal platform to explore with one another and civil society, including academia and private sector, the vital linkages between trade, investment, and the rule of law in ASEAN and to share models for good business practices and explore possible mechanisms for the different sectors to work together.
During day one of the event, expert speakers discussed opportunities and challenges for responsible business practices to advance the rule of law and how best to engage the business community for a more resilient and inclusive economic growth in ASEAN. Day two will focus on integrating micro, small, and medium enterprises into the global value chain and enhancing ASEAN connectivity to create an innovation-driven business environment in the region. Participants will spend the two days exchanging ideas from a variety of perspectives with a view of exploring possible avenues of cooperation moving forward.