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Creating a New Agenda for Asian Integration
Tokyo, Japan, 15-16 June
日本語
Global leaders are gathering at the World Economic Forum on East Asia, held in partnership with Keizai Doyukai, to shape the region’s industry, political and economic agendas. The industry agenda will focus on the growing convergence, consolidation and competition across critical regional sectors such as ITC and finance. The political agenda will highlight the urgency to deepen regional cooperation in new areas linked to Asia’s growing demand for energy and raw materials. It will also focus on building stronger trilateral relations among China, Japan and Korea, integrating India further into East Asia and improving the competitiveness of ASEAN economies. |
From the meeting:
 Corporate Asia: who is climbing the value added ladder?
Forum on East Asia told that “new century belongs to Asia”
Thursday 15 June
 Corporate Asia: who is climbing the value added ladder?
Asian companies must be innovative not only with the products and services they provide but also with how they deliver them and manage their operations, agreed panellists in a session devoted to corporate Asia at the World Economic Forum on East Asia.
“The notion that companies in Asia are winning market share only on cost is obsolete,” declared meeting Co-Chair Nandan Nilekani, President, Chief Executive Officer and Managing Director, Infosys Technologies, India.
“We tend to think of innovation in terms of products and patents. But it’s also about business models and processes. Anything that allows faster or better solutions for customers is what it’s all about.”
Asian companies are also redefining their roles in the global marketplace, according to Lee Boon Yang, Minister of Information, Communications and the Arts of Singapore. Companies such as Korean electronics maker Samsung and Singapore’s Hyflux, which is developing membrane technology for water treatment, demonstrate that investment in R&D is crucial to promoting innovation, he said. Zhang Xiaoqiang, Vice-Chairman, National Development and Reform Commission, People’s Republic of China, added, “R&D investment allows companies to improve their competitiveness.”
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 Forum on East Asia told that “new century belongs to Asia”
Participants at the opening session of the World Economic Forum on East Asia were told that Asia’s economic growth is steadily enabling it to replace its longstanding reliance on exports to the West with intraregional trade in goods and services aimed at its own increasingly affluent consumers. Ensuring that this transition continues smoothly, however, will depend on how well Asian nations can boost cooperation and integration to find common solutions to disparities of income, scarce resources and environmental pollution.
“The new century belongs to Asia,” said Jiang Jianqing, Chairman of the Board, Industrial and Commercial Bank of China, People's Republic of China. “But at the same time we need to seriously tackle the many challenges we face today.”
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Co-chairs
Hassan Marican, President and Chief Executive Officer, PETRONAS (Petroliam Nasional Bhd), Malaysia
Henry A. McKinnell, Chairman and Chief Executive Officer, Pfizer Inc., USA
Kunio Nakamura, President, Matsushita Electric Industrial Co., Ltd., Japan
Nandan M. Nilekani, President, Chief Executive Officer and Managing Director, Infosys Technologies Ltd., India
Martin Sorrell, Group Chief Executive, WPP, United Kingdom
Junichi Ujiie, Chairman, Nomura Holdings Inc., Japan
Yun Jong-Yong, Vice-Chairman and Chief Executive Officer, Samsung Electronics Co. Ltd., Republic of Korea
For more information, please contact:
EastAsia@weforum.org
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