Running with the theme of “Transitioning to a New Normal: Leveraging Global Value Chains, Multilateralism and the 4IR”, the event was hosted by Cambodia’s Ministry of Commerce under the support of the Council for the Development of Cambodia (CDC), the Asia-Europe Foundation (ASEF), and other partners.
Those attending the occasion included various policymakers, economists, and academics, as well as representatives from roughly 500 corporations from 53 countries globally.
The event, was initiated by Cambodia, the host country of ASEM 13, and served to address a variety of topics. This includes the advancement of digitalization fostering global value chains and its consequences, the damaging impact of the COVID-19 pandemic on trade, investment, and the economy, along with the post-pandemic economic recovery. This was in addition to focusing on the significant roles of the multilateral trading system and free trade agreements in Industry 4.0 and the world moving into a new normal.
Participants also discussed fresh growth opportunities for global trades and businesses, particularly start-ups and macro-, small- and medium-sized enterprises (MSMEs), in light of new technology and digitalisation in the Industry 4.0 era. Indeed, those at the event also spoke on governments’ on-going adjustments and reforms, investment in green infrastructure, and green business adaptation to climate change and disaster management, thereby building resilience to crises and ensuring sustainability and socio-economic development.
The ASEM 13 is set to take place in Cambodia from November 25 and November 26.