The Association of Southeast Asian Nations meeting in Labuan Bajo, East Nusa Tenggara for the 42nd ASEAN Summit produced a wide variety of documents, including the statement on combating human trafficking due to scientific abuse and the Advertising transactions of the use of the neighborhood forex contract ( LC).
Indonesian President Joko Widodo, who is this year's ASEAN President, called for solidarity in his opening remarks at the high-level assembly in Meruorah Komodo, Labuan Bajo, today, May 10. He highlighted the global financial system that has now only fully recovered and rivalries and a variety of challenges to global dynamics that are increasingly unpredictable.
The statement files mentioned anti-trafficking in persons (TIP) cooperation and coordination induced by the misuse of science through various regional mechanisms and ASEAN initiatives, including with the help of increasing law enforcement capacity. and associated establishments of each member. .
ASEAN leaders also agreed to increase regional cargo connectivity by taking advantage of the growing possibilities offered by innovation to facilitate cross-border cargo taking into account events in the United States.
The use of local currencies for cross-border transactions in the surrounding area was also encouraged. The leaders similarly supported the institution of a working group to discover the improvement of an ASEAN local currency transaction framework.
The 42nd ASEAN Summit, which will conclude on Thursday, May 11, 2023, discusses a series of issues, such as regional financial growth, institutional strengthening, and efforts to overcome internal crises like the one in Myanmar.
ASEAN nations to implement universal QR code, says ASEAN-BAC chair
The quick response (QR) code digital rate provider is set to be implemented in ASEAN member countries until September 2023, according to ASEAN Business Advisory Council (ASEAN-BAC) Chairman Arsjad Rasjid.
"This is no longer just a slogan. In fact, digital QR codes can be used in ASEAN member countries until September," he told ANTARA in Labuan Bajo, East Nusa Tenggara, on Wednesday.
Regarding the "ASEAN Leaders Interface with ASEAN-BAC Representatives" agenda, he stated that all international ASEAN member locations have agreed to the traditional integration of QR code pricing services.
"Everyone agrees on the ASEAN QR Code. This (integration) has been established between Indonesia, Thailand and Singapore, and it will continue again during ASEAN. Even Myanmar is also preparing the QR Code," he said.
According to him, the agreement on the ASEAN conventional QR code shows the region's drive towards centrality.
While the country heads agreed on the ASEAN QR Code at their meeting, each United States of America has its own personal position, he added.