ASEAN KEY DESTINATIONS
ASEAN ports development to expand trade, FDIs
DEVELOPING ASEAN ports will help the region to be more competitive, increase intra-regional trade and attract investments.
Md Riza Dato Paduka Hj Md Yunos, in his capacity as the Acting Permanent Secretary at the Ministry of Communications, said the 47 designated ports in ASEAN can sustain the growth of the region’s economy.
In a speech delivered at yesterday’s opening of the 41st ASEAN Ports Association (APA), Md Riza said sea transport remains the most cost effective way to carry goods. Developing ports can help the region expand trade and connectivity.
“ASEAN connectivity will also spur domestic connectivity through economic development supported by infrastructure and communications networks as well as movement of people, goods and services,” he said.
But there are some problems that keep the region from building an effective and low cost maritime transport system.
This includes the “great variation” in port infrastructure quality, port performance and the poor accessibility of gateway ports to land based transport.
Md Riza said the APA meeting helps the region address these challenges and reach new milestones.
It is also important for ASEAN port members to focus on the three “high-level” strategic goals agreed during the 40th APA meeting which covers human resources development, productivity and sustainability.
He said these goals will support the ASEAN Transport Action Plan and implementation the roadmap to an integrated and competitive maritime transport in ASEAN.
He’s expecting the meeting will strengthen the ties among APA’s member ports and enhance their capabilities to keep up with the changing global trade.
Connectivity is important for ASEAN, a region with a gross domestic product of US$1.5 trillion, to achieve economic integration.
About 65 delegates are attending the meeting which serves as a platform for ASEAN member ports to share experiences and best practices on ports development and operations.
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