|[August 05, 2014]
Innovation Is Not An Option. It Is A Must.
CANBERRA, Australia --(Business Wire)--
Chamber of Commerce and Industry (ACCI) and Global
Coalition for Efficient Logistics (GCEL) executed a landmark MOU
towards solidifying Australia's leadership in empowering the Digital
Economy through the HumaWealth Program.
From the right: Captain Salloum, Dr. Pitsuwan, Ms. Carnell during the MOU Exchange at the Australia Parliament House. (Photo: Business Wire)
ACCI CEO Kate Carnell and GCEL Co-Chairman Captain Samuel Salloum signed
the Agreement at Australia's Parliament House. Dr. Surin Pitsuwan, Asia
Logistics Council Advisory Board Chairman and 2008-2012 ASEAN Secretary
General and former Thailand Foreign Minister witnessed the MOU signing
along with other international officials.
The MOU followed the official launch of the Australia Trade
Efficiency Assessment with government and private sector experts
that will perform a diagnostic evaluation of Australia's trade practices
against what technology makes possible today. The assessment will
provide recommendations of how the use of digital tools will reduce
Australia's trade costs, increase trade and create jobs. Furthermore,
the Digital Economy will contribute towards achieving the Trans-Pacific
Partnership (TPP) as well as Regional Comprehensive Economic Partnership
Similar assessments were conducted in G20 countries Indonesia, KSA and
Turkey (in-process) as well as Malaysia. The results yielded that 81% of
trade participants have no system and 88% want the proposed Digital
Economy Platform. To date more than 22% of the world's population
comprising 1/3 of the G20 citizens want the Digital Economy.
Ms. Carnell stated, "In the shadow of the disappointment surrounding
the delay in the implementation of the 'Bali Package' measures on trade
facilitation, ACCI is pleased to join with GCEL on a global private
sector led initiative to reduce time and costs in international trade,
which could lead to enormous economic growth and job creation
The global 18-month HumaWealth Program will empower the Digital Economy
by providing the tools unleashing the power of 21st-century technology
delivering a new era of integrated e-commerce, e-finance, e-insurance,
e-logistics and e-grants to achieve new levels of trade efficiency. The
Program involves pan-regional organizations worldwide including the Organization
of American States, African
of Arab States, Organisation
of Islamic Cooperation, among others, plus major economies including
G20 countries India, Indonesia, Turkey and Saudi Arabia.
Captain Salloum stated, "We are pleased to start this partnership
with ACCI and look forward to present the results of the assessment to
Australia's technology and financial industries providing the
information to join their colleagues around the world in an equal
opportunity request for proposal process providing a new USD 6 trillion
market deploying the Digital Economy Platform."
The proposed Digital Economy globally will reduce annual trade costs by
USD 1.3 trillion, increase trade by USD 1.2 trillion, create a USD 1
trillion SME Fund thus generating 100 million jobs.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140804006429/en/
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