China–ASEAN Business Council (CABC) is one of the five main dialogue cooperation mechanisms between China and ASEAN. It was officially established on 1st November 2001. Since the Council was founded, it has been working on China-ASEAN trade and economic cooperation.
On 23rd September 2011, the Executive General Secretary of CABC Chinese Secretariat, Mr Xu Ningning, a famous ASEAN business expert of China, visited TEEAM. He was accompanied by a Liaison Officer, Ms Jennifer Liu. On hand to receive them were TEEAM officials, Engr Fu Wing Hoong (President), Mr Suresh Kumar Gorasia (Past President & International Affairs Chairman), Mr Ho Khai Hong (Honorary Secretary) and Mr Jack Soon Lee Hock (Assistant Honorary Secretary).
Both parties exchanged market information and hoped to promote trade and economic cooperation between China and Malaysia.
Aims and Functions of CABC
CABC’s objectives are:
- Promote the enterprises’ dialogues and cooperation between China and ASEAN.
- Maintain the trade relations between China and ASEAN.
- Promote the economic developments in ASEAN and China and the building of China-ASEAN Free Trade Area.
In order to achieve the objectives above, CABC has planned the following actions:
- Offer the service of providing trade information for its members.
- Hold regular business forums, exchange experience on trade, and discuss how to eliminate the obstacles hindering further cooperation on both sides.
- Promote exhibition held by both parties.
- Strengthen the visit, personnel training and other modes of communication of business delegations on both sides.
- Offer legal services including mediation and arbitration for both parties to resolve trade disputes effectively in a friendly atmosphere.
CABC fully plays the role of bridge and link for holding meetings with ASEAN Secretariat, related China government departments and industry associations, relevant provincial and municipal governments.
MOU Signing
During the above visit, CABC Chinese Secretariat and TEEAM signed a Memorandum of Understanding (MOU) to jointly promote cooperation in the electrical and electronics industry between China and Malaysia. Both parties shall share information regarding local policies and trade regulations, market information and exchange publications for mutual benefit.
TEEAM President, Engr Fu Wing Hoong signed on behalf of TEEAM while Mr Xu Ningning representsed the CABC Chinese Secretariat. A group photo and exchange of souvenirs capped off the visit.