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GMS PSD Strategic Action Plan
I would like to thank the ADB and the GMS Business Council for engaging me to work on this PSD Strategic Action Plan. As the GMS, ASEAN and other regional cooperation initiative deepen, it is important to mobilize the private sector to be part of this evolving process.
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CONNECTIVITY - COMPETITIVENESS - COMMUNITY
GREATER MEKONG SUB-REGION CONNECTIVITY - COMPETITIVENESS - COMMUNITY Infrastructure linkages Cross-border trade, investment and tourism PS participation competitiveness Human Resource development Environment protection Infrastructure linkage
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Context Deeping economic integration New business models/plaforms
GMS Hanoi Plan, Regional Investment Framework ASEAN and ASEAN + WTO TFA, Bali Package FTAs: RCEP, TPP etc Deeping economic integration New business models/plaforms Technology mega trends Robotics, 3D printing AI, Blockchain, Big data IOT and smart devices Medical, biotech etc. Sharing economy E-commerce, E-government Fintech revolutionary platforms
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Strengths Weaknesses Opportunities Threats
Member Chambers of Commerce Appreciation of PS participation Access to senior meetings & leaders FRETA is a clear success Weaknesses Participation of other sectors than cross-border transportation (FRETA) Underutilized brand Under-resourced to engage private sector effectively. Opportunities 4th industrial revolution Programs to deepen regional dynamism and integration Internal need for participation in regional and global value chains Threats Brand dilution without strong activities to support private sector Not relevant if private sector is not engaged effectively through GMS BC Competing alternatives
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Key success factors of GMS FRETA
Biz interest Leaders Champions Technical Assistance
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Cross-border transport, trade and investment Focus on GMS Focus Areas
Deepen successes Additional focus Cross-border transport, trade and investment Focus on GMS Focus Areas Improve Business Environment Deepen GMS sectoral synergy and value chains Engage businesses via GMS Biz Portal, new groups/activities Leverage other programs Support young/women entrepreneurs/MSMEs Mainstream technologies to raise competitiveness
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GMS BC GMS Secretariat GMS Governments
Secretariat with staff in each country More members and programs More resources Technical Assistance
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GMS Focus Area GMS BC PSD Focus Transport and trade facilitation GMS FRETA collaboration: Digital platform, transit bonds, Initial Implementation of CBTA etc. Energy Promoting renewable energy and energy efficiency solutions Agriculture Agritech and cross border supply chains Environment Smart city and environment friendly solutions and disaster risk preparedness and management Tourism Promotion of technology and MTCO (info. on service providers on the map) GMS as one destination (travel and food safety issues)
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GMS Focus Area GMS BC PSD Focus Urban and border area development SMART City Solutions and cross border logistics Human Resources Developments Certification of GMS training courses, GMS MBA, ASEAN TOT, Extend MI training course reach and effectiveness, combine online and offline training and ed Tech., GMS CMA E-commerce Digital economy, cross border finance, fintech Others Support young and women entrepreneurs and MSMEs GMS Business Portal/App Doing Business Indicator Benchmarking
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High Low Budget Time Short term (1-2 years)
Extend GMS MBA Digital economy, Fintech, Ecommerce Renewable energy and energy efficiency solutions Environment friendliy solutions Tourism technology and promotion Disaster risk preparedness and management Cross border finance, logistics and supply chains Smart city solutions High Technical assistance Online and off line training and extending reach and effectiveness of MI training courses Certification of GMS Training courses Support young, woman and MSMEs FRETA GMS Business Portal/App Leveraging technologies together with other partners Admit young and women entrepreneur associations to GMS Doing Business Indicator Benchmarking Low Time Short term (1-2 years) Medium/long term over 2 year)
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Suggested Immediate Activities for discussion/final decisions
Features/Criteria Quick, easy & inexpensive Significant and tangible Visible, leading & participatory Activities (Max 3) GMS Business Portal/Application Technical assistance to strengthen GMS BC Doing Business Indicator Benchmarking
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Link to detailed table/action plan https://goo.gl/TybFrz
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