Union of Chambers and Commodity Exchanges of Turkey

Asia-Pacific economic giants convening in Istanbul for cooperation

06.11.2018 / Ankara

Organized by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the Asia-Pacific Economic Summit, which aims to bring together the business communities of Asia-Pacific countries and Turkey, will be held on the 23rd and 24th of November, 2018, in Istanbul.​

The event organized with the “Asia: Expanding Boundaries” theme will be attended by politicians, high-level representatives of international organizations, high-level bureaucrats, academics and business representatives at the Istanbul Çırağan Palace under the auspices of the Turkish Presidency.

Besides contributing to the promotion of Turkey, the summit aims to engender a business environment to provide future-oriented cooperation opportunities by bringing together the Turkish and Asia-Pacific business communities is hosting around 300 international participants as of today.

Within the scope of the conference, bilateral meetings will be provided for the participants. Senior representative of several firms, including Krishan Kumar Modi, CEO of Modi Group, one of the leading companies in India, Samir Modi, Managing Director Samir Modi, Taiwanese CTBC Bank Vice-Presidents Chang-Fu Huang and Nai-Wen Yu will be in Istanbul.

- The Pacific Century

Evaluating the preparations for the conference, CACCI Vice President and TOBB President M. Rifat Hisarcıklıoğlu said that the Asia-Pacific Economic Summit will bring the Turkish business world together with the Asia-Pacific business world and provide the participants with the opportunity to meet with the business leaders of the region and representatives of international organizations.

Hisarcıklıoğlu stressed that they will create an environment where they can establish strategic partnerships with new business and investment opportunities.

Hisarcıklıoğlu, Vice President of CACCI and President of TOBB, pointed out that the 21st century was seen as “the Pacific Century,” and said, “Economic developments indicate that the center of gravity of the world economy is shifting to Far Asia. We've entered the Pacific century.

On one side there are innovation and technology giants like Japan and Korea. On the other hand, this is the region which spans emerging markets such as Pakistan, Indonesia, Vietnam and the Philippines and where all manner of products are produced in different quality and scale. With over 3 billion consumers, the largest global market is here.

CACCI countries import approximately 5 trillion USD volume of goods and services annually. We invite all business representatives to the Asia-Pacific Summit.”

- What is the CACCI?

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is an organization established in Taiwan with the participation of 10 national chambers of commerce in 1966, aiming to bring economic growth together in the Asia-Pacific region by bringing together business communities.

The Confederation of Asia-Pacific Chambers of Commerce and Industry is the largest business organization in the Asia-Pacific region, which covers 40% of the world's population and 23% of the world economy, represents approximately 3 million companies from 28 countries.

- Who are the CACCI member countries?

CACCI is comprised of the Chambers Unions of Australia, Papua New Guinea, New Zealand, East Asia, Hong Kong, Japan, South Korea, Mongolia, Taiwan, Russian Federation; Brunei Southeast Asia, Cambodia, Indonesia, Malaysia, Philippines, Singapore and Vietnam from South Asia Bangladesh, India, Nepal, Pakistan and Sri Lanka, Azerbaijan, Central Asia, Georgia, Iran, Tajikistan, Uzbekistan and Turkey.

The Union of Chambers and Commodity Exchanges of Turkey (TOBB), became a CACCI member in 2009. TOBB President M. Rifat Hisarcıklıoğlu has also been serving as CACCI Vice President since 2014.

Up-to-date information about the event is available at www.cacci2018.org.

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