NAY PYI TAW, 20 Nov- President U Thein Sein of the Republic of the Union of Myanmar attended the meeting between ASEAN leaders and ASEAN Business Advisory Council at Nusa Dua 3 Hall in Bali Nusa Dua Convention Centre (BNDCC) in Bali, Indonesia on 17 November evening.

It was attended by Heads of State/Government of ASEAN countries and members of ASEAN Business Advisory Council. ASEAN Alternate Chairman Indonesian President Dr Susilo Bambang Yudhoyono extended greetings and discussed the functions of the ABAC.

Next, ABAC Chairperson explained measures taken and suggestions made by the council. The chairperson elaborated on conducting annual report on competitiveness of ASEAN, saying that ASEAN was still the target of investors according to the report. Heads of State/Government of ASEAN nations discussed establishment of ABAC clubs. They shared the common view that functions of the ASEAN Business Advisory Council played an important role in adopting and regulating economic policies of the governments of the ASEAN countries, highlighting trade and investment as major drives for economic development and SME development being instrumental in poverty eradication.

MNA