00:00ASEAN Business Advisory Council Chairman Nazir Razak said economic ties often come with conditions,
00:08but such strings with China are easier to deal with than those with the U.S.
00:14Nazir said it is the norm for China to impose conditions on its relationships with smaller
00:20nations like Thailand and Malaysia.
00:23He also expressed optimism about the future of economic integration in the region, saying
00:29ASEAN has learned the hard way about what it should and should not do.
00:34He said the region needs to be creative in its integration efforts, reiterating the Council's
00:39push for the ASEAN Business Entity concept.
00:43The ABE framework will see the introduction of a new category of businesses that can be
00:49officially recognized by ASEAN governments.
00:52ABE-certified companies will also benefit from greater freedom, such as the ability
00:58to move personnel and operations across borders within the ASEAN region without the typical
01:05restrictions.
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