“AACC is officially approved and registered with the
Registrar of Societies in Malaysia, an agency under the Ministry of Home
Affairs in Malaysia on November 5, 2021, with the main goal of being a
world-class reference point, and an NGO that promotes and facilitates the trade
between Asia and Africa. “AACC aims to translate economic co-operation into
increased in disposable income with women and youth as prioritised end
beneficiaries,” Mr. Liow said, adding that Asia and Africa are the two largest
continents in the world with 6 billion population, 75% of world population, and
contributing 40% of the world GDP.
The Executive Board of AACC comprises of award winning
Entrepreneurs, Former Malaysia Trade Commissioner, Presidents and Council
Members of International Trade Associations, Legal Practitioner, Business
Academic and Market Development Specialists. Members of the Executive Board are
as follows:
1. Chairman, Mr. RJ. Liow;
2. Secretary General, Mr. Naunihal Singh Sangha; 3.
Treasurer General, Mr. Gurcharan Singh Hans; 4. President (ASEAN), Prof. Dr.
Kabur Ibrahim;
5. President (Africa), Prince Olawale Suleiman Ayinla;
6. President (Greater China), Prof. Dr. Denver Tan; and
7. President (Women & Youth Development), Dr. Sevaran
Kaur Dhalliwal JP.
Mr. Liow, who initiated the concept of AACC, is an
experienced Exporter, International Speaker and Author of Business BestSeller.
“AACC aims to be a trusted Centre of Facilitation for trade
and investment opportunities between Asia and Africa, working on needs driven
from local countries/cities as priority, with underlying commitment to building
sustainable corporate social responsibilities in the process. We earmarked
Africa as this amazing market is still under explored by Malaysian and Asian
exporters mainly due to lack of a safe and secured channel. AACC knows what
their pains are, and we can help them,” said Prince Ayinla, Africa President of
AACC and a market development specialist who spent more than a decade in Malaysia
facilitating bilateral trade and investment development between Malaysia/Asia
and Africa.
Launched on January 1, 2021, the AfCFTA is an exciting
game-changer. Currently, Africa accounts for just 2% of global trade. And only
17% of African exports are intra-continental, compared with 59% for Asia and
68% for Europe. The potential for transformation across Africa is therefore
significant. The pact will create the largest free trade area in the world
measured by the number of countries participating, connecting 1.3 billion
people across 55 countries with a combined gross domestic product (GDP) valued
at US$3.4 trillion.
“To overcome many current challenges, and to build back
better in the wake of COVID-19, AfCFTA is expected to be a game-changer to
Africa and the world. Mr. Liow shares six reasons for this, according to World
Economic Forum: Significantly reduce poverty through the boosting regional
income by 7% or USD450 billion; Positive economic outcome via increased trade,
investment and employment income; Enabling informal women traders operate
through formal channels with better protection; Trade integrity and good
governance will be centre stage; The negative impact of COVID-19 will be
cushioned; and The benefits of cooperation will set an example for the world.
One of the iconic initiatives of AACC is the TRADE & INVESTMENT PLATFORM (TIP). TIP showcases trade and investment opportunities that have been reviewed and endorsed by AACC. Priority region for AACC in the first year is Nigeria, the largest single market in Africa, and the surrounding countries in West Africa.
Besides promoting trade and investments, AACC will be
launching a Pan Regional Community Service Program – “Light Up Africa!” – in
Nigeria, where AACC, together with local partners, will install SMART STREET
LIGHTS in designated areas, to generate sustainable income from advertising to
improve the life of communities while reducing crimes. “We encourage
Entrepreneurs, SMEs and MNCs to collaborate with AACC for this good course, and
be rewarded economic returns along the process,” Prince Ayinla said.
Recent interruption of global supply chains has reinforced
the necessity for closer economic integration especially amongst Asia and
Africa. AACC is also stepping up, and taking on the challenges to facilitate as
well as promote the trade and investments between the two largest continents in
the world.
AACC has opened access to Entrepreneurs, SMEs and MNCs that
wish to explore a safe and secured platform to the African markets and vice
versa. To this effect, AACC may be contacted via www.1aacc.org.
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