logo
Brunei underscores unity, resilience at Asean Customs meeting

Brunei underscores unity, resilience at Asean Customs meeting

The Star5 days ago

Datin Seri Zety Sufina Sani delivering her speech virtually at the 34th Meeting of the Asean Directors-General of Customs. - BB
BANDAR SERI BEGAWAN: Deputy Minister of Finance and Economy (Fiscal) Datin Seri Paduka Zety Sufina Sani has underscored the importance of Asean's unity and the role of Customs administrations in safeguarding trade flows and supporting economic resilience especially in light of the recent developments concerning tariff measures introduced by the United States.
In her speech delivered virtually at the opening ceremony of the 34th Meeting of the Asean Directors-General of Customs on Tuesday (June 3) she said: 'Let us continue to stand together to uphold the principles of openness, fairness and mutual respect in international trade.'
As Asean Customs progresses through the pivotal phase of modernisation and regional cooperation, she highlighted, 'we are reminded of our collective duty – to serve with integrity, to lead with foresight, and to collaborate with purpose.
"As we pursue constructive dialogues and embrace our shared responsibilities, I invite everyone to engage actively and participate in the sharing of knowledge and experience for our mutual benefits.'
In a welcoming speech, the incoming Chair, Acting Controller of the Royal Customs and Excise Department (RCED) Muhammad Azizil Hakim Brahim emphasised the importance of advancing Customs modernisation and collaboration to achieve the objectives of the Asean Community Vision 2025.
He also highlighted the significant progress made under the Strategic Plan on Customs Development (SPCD) 2021–2025, particularly in digital transformation and trade facilitation, while outlining forthcoming initiatives for 2026–2030.
The meeting started on Tuesday (June 3) and continues until Wednesday in Bandar Seri Begawan, with the aim of strengthening regional Customs cooperation and advancing Asean integration through key initiatives such as the Asean Single Window and the Asean Customs Transit System.
The meeting also focuses on enhancing trade facilitation through streamlined procedures, regulatory efficiency, and inclusive policies to support micro, small and medium enterprises (MSMEs).
The 34th Meeting of the Asean Directors-General of Customs hosted by the RCED, Ministry of Finance and Economy was attended by some 90 delegates from 10 Customs administrations of Asean member states, Timor-Leste, the Asean Secretariat and Asean Dialogue partners. – Borneo Bulletin/ANN

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sub-regional initiatives complement AEC goals
Sub-regional initiatives complement AEC goals

The Star

timean hour ago

  • The Star

Sub-regional initiatives complement AEC goals

KUALA LUMPUR: Sub-regional initiatives such as the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) and the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) have not only borne fruit significantly, but also proven to be vital complements to the Asean Economic Community (AEC) in boosting trade, investment and regional connectivity. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said while the AEC sets a broad macroeconomic framework, prioritising sub-regional areas have also addressed developmental disparities by targeting marginalised and less-developed areas while operationalising Asean's inclusive growth agenda. 'The IMT-GT hugs the Straits of Malacca, one of the world's busiest trade routes, while the BIMP-EAGA sits along the Sulu and Sulawesi Seas, a gateway for maritime connectivity, making them natural nodes for boosting trade, investment and connectivity across Asean and beyond. 'Their strength lies in their focus on what economists call 'spatial economics' –targeting lagging regions with tailored interventions,' he told Bernama. These sub-regions were not just random patches of land, but are strategically positioned along critical maritime corridors, he added. Elaborating, Mohd Sedek said IMT-GT leans into agro-processing and tourism, capitalising on the complementarities between southern Thailand, northern Peninsular Malaysia and Sumatra, while BIMP-EAGA plays to its strengths in fisheries, renewable energy and ecotourism. 'This is not a one-size-fits-all approach; it is about leveraging local advantages to plug into regional and global value chains,' he said. Both sub-regional initiatives will develop special economic zones (SEZs), which act as economic rocket fuels by attracting foreign investments, sparking industrial growth and creating jobs through incentives and streamlined regulations. In the IMT-GT, zones such as Medan and Bukit Kayu Hitam in Malaysia, or Sei Mangkei in Indonesia, are already humming with activity, while BIMP-EAGA boasts over 60 SEZs from Bitung in Indonesia to Zamboanga in the Philippines. 'These zones are not just factories – they are engines of structural transformation, fostering 'agglomeration economies' – clusters where businesses, workers, and infrastructure feed off each other to drive growth. 'By linking these SEZs to cross-border trade and investment, IMT-GT and BIMP-EAGA are building bridges to Asean's broader economic cohesion,' he said. Mohd Sedek said Asean could leverage IMT-GT and BIMP-EAGA in sectors such as tourism, agrobusiness, renewable energy and manufacturing. Tourism remains a high-impact sector with strong growth in eco and halal tourism. For example, IMT-GT is promoting cross-border tourism under its Vision 2036. BIMP-EAGA focuses on community-based ecotourism and multi-country tourism circuits aligned with Asean standards, with strategic sites such as the Heart of Borneo and the Sulu-Sulawesi Marine Ecoregion, further enhancing the value of regional tourism offerings. Mohd Sedek said both sub-regions aim to build integrated value chains in the agrobusiness sector, with IMT-GT leading in agro-processing like palm oil and rubber, while BIMP-EAGA serves as Asean's food basket (shrimp, rice and seaweed), adding that halal food industries also benefit from this regional complementarity. He highlighted the potential of geothermal energy in Kalimantan as well as ocean energy and biodiesel, saying that the clean energy transition is important due to rising energy costs, which could benefit other Asean countries. The same applies to the manufacturing sector, where export-oriented industries in SEZs such as Medan, Sei Mangkei and Lhokseumawe are driving structural transformation and deeper integration into regional value chains. Mohd Sedek said both sub-regions have become critical platforms for advancing Asean's inclusive development agenda by targeting economically lagging and geographically marginalised regions. He said their interventions have helped narrow intra-national development gaps and improve spatial equity as well as challenges not fully addressed by the AEC. 'For instance, IMT-GT's economic corridors such as the Penang-Medan corridor has facilitated US$4.2bil (RM17.8bil) in trade in 2024, while the Malaysia-Thailand cross-border infrastructure projects have significantly enhanced connectivity. 'Similarly, BIMP-EAGA's Vision 2025 has catalysed US$2.8bil (RM11.87bil) in infrastructure investments, including major upgrades to the Davao and Bitung ports, reinforcing regional resilience and supporting Asean's broader connectivity goals under the Master Plan on Asean Connectivity 2025,' he said. Beyond infrastructure, Mohd Sedek said both sub-regional initiatives have boosted local economies by developing SEZs and strengthening regional value chains. He cited Thailand's Southern Economic Corridor – supported under IMT-GT – which generated over 15,000 jobs in 2023, with projects that not only attract foreign investment and integrate entrepreneurs into regional supply chains but also promote sectoral complementarity in agriculture, energy and tourism. Their bottom-up, project-driven approach complements Asean's top-down mechanisms, acting as decentralised building blocks of integration. 'By reinforcing trade linkages, fostering human capital development and enhancing cross-border governance, IMT-GT and BIMP-EAGA help Asean hedge against global supply chain risks and advance a more resilient, balanced and people-centric regional growth trajectory,' he further added.

Many opportunities for Asean amidst US' tariff tantrum, says Asean-BAC head
Many opportunities for Asean amidst US' tariff tantrum, says Asean-BAC head

The Star

time10 hours ago

  • The Star

Many opportunities for Asean amidst US' tariff tantrum, says Asean-BAC head

HANOI (Bernama-VNA): South-East Asian countries can capitalise on the rollout of tariffs and other US policies by re-evaluating overlooked relations with other trade partners and opening their doors to international students. The statement is according to Tan Sri Nazir Razak, Chairman of the Asean Business Advisory Council (Asean-BAC) - the Asean's business lobby. Vietnam News Agency (VNA) reported, Nazir, who leads the council during Malaysia's Asean Chairmanship in 2025, emphasised the importance of strengthening intra-regional economic ties by boosting trade and investment within the Association of South-East Asian Nations (Asean). He called for forging closer partnerships with other countries in the world such as China, India, and Japan. The Asean-BAC head also proposed Asean and Japan collaborate in fields such as artificial intelligence and energy, as both have the potential to work together and build capacity in this area. - Bernama-VNA

Philippine and Singapore expand cooperation in prioritised areas
Philippine and Singapore expand cooperation in prioritised areas

The Star

time11 hours ago

  • The Star

Philippine and Singapore expand cooperation in prioritised areas

PM Lawrence Wong (right) and Philippine President Ferdinand Marcos Jr (left) reviewing an honour guard at Malacanang Palace in Manila on June 4. -- Photo: Vietnam News/Asia News Network MANILA/SINGAPORE (Vietnam News/ANN): Singapore and the Philippines are set to deepen their collaboration in several areas, including renewable energy, sustainability, healthcare and civil service development. Prime Minister Lawrence Wong and Philippine President Ferdinand Marcos Jr announced this at a joint press conference on June 4, the first day of an introductory visit to Manila by PM Wong, reported by The Straits Times. On renewable energy, the two countries agreed to deepen both bilateral and regional cooperation, and to accelerate efforts towards realising the Asean power grid, a plan to connect the electricity networks of the group's 10 member countries to enable cross-border power trading by 2045. Marcos said Singapore will continue to be a major partner in the Philippines' aspiration to diversify its energy sources, while Wong said Singapore companies are interested in renewable energy in the Philippines, including solar and wind projects. The two countries are also working to finalise a legally binding implementation agreement for cross-border carbon credit transfers that is aligned with Article 6 of the Paris Agreement. An implementation agreement will facilitate commercial participation in carbon credit projects, which can spur technology transfer and green investment and create good jobs, said Wong. The two leaders also said their respective health ministries are exploring ways to deepen health cooperation, such as in upskilling and the reintegration of returning Filipinos into the Philippine healthcare system. Last year, the Philippines was Singapore's fifth-largest trading partner in Asean, with bilateral trade reaching 19.1 billion SGD (US$14.8 billion). - Vietnam News/ANN

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store