How Investment Promotion Agencies (IPAs) and trade institutions could leverage digital tools to create sustainable supply chain partnerships’
Event report
Speakers:
- Ratnakar Adhikari
- Long Kemvichet
- Caroline King
- Nadjati Soidiki
Moderators:
- Ismail Ersahin
Table of contents
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Knowledge Graph of Debate
Session report
Audience
During her presentation, Ms. Nguyen provided valuable insights into Cambodia's commitment to sustainability, specifically focusing on the use of organic materials and solar energy. The audience was impressed by Cambodia's dedication to sustainable practices. One key highlight was the September database, which Cambodia utilizes as a tool to promote responsible trade and investment. This database is crucial in facilitating business practices aligned with sustainability goals.
Cambodia's strategies on circular economy and carbon neutrality were particularly impressive. The country aims to foster September growth through the implementation of these strategies, which include reducing waste and promoting efficient resource usage. Their commitment to carbon neutrality demonstrates their dedication to mitigating climate change.
The discussion also centered around how Cambodia utilizes the sustainability database to attract green investment. The audience was eager to understand how Cambodia leverages this database to attract such investments, as green investment is essential for promoting sustainable development. The exchange of ideas and insights in this regard emphasized the importance of leveraging the database's potential to attract investors who align with sustainability goals.
Furthermore, there was an interesting exploration of integrating the sustainability database within the broader Asian framework. The discussion touched upon Cambodia's participation in the Asian framework for enhancing September growth and competitiveness among member states. The audience expressed curiosity about how the sustainability database could be integrated into this framework, emphasizing the potential benefits for regional collaboration and advancement towards sustainable development goals. The importance of partnerships in fostering economic growth and achieving sustainable development was also highlighted.
In summary, Ms. Nguyen's presentation highlighted Cambodia's commendable commitment to sustainability, focusing on organic materials, solar energy, circular economy, and carbon neutrality. The September database serves as a crucial tool in supporting responsible trade and investment. The audience expressed interest in Cambodia's utilization of the database to attract green investment and its potential integration within the broader Asian framework. Overall, the presentation effectively showcased Cambodia's dedication to sustainability and their efforts to foster September growth through these strategies.
Nadjati Soidiki
The analysis provides a comprehensive overview of the importance and benefits of digitalisation in various sectors. One key finding is the need for governments to adapt regulations and digital solutions to facilitate trade and improve efficiency. By implementing a single window system for external trade and connecting with customs, Comoros has demonstrated the positive impact of such measures. This highlights the potential for other governments to follow suit and enhance their regulatory frameworks and digital infrastructure.
Another significant point highlighted in the analysis is that digitisation enables equal participation in the digital realm, promoting economic competition. Regardless of the development level of countries, they can all participate equally by harnessing the power of digitisation. This presents opportunities for economic growth and reducing inequalities among nations.
Addressing concerns regarding transparency, cybersecurity, and precision is crucial in the digital era. The analysis suggests that these issues can be effectively tackled through the implementation of digitised systems. For example, the reform of payment systems and recognition of electronic signatures by states are important considerations to ensure the security and transparency of digital transactions.
Digitalisation also plays a crucial role in enhancing investment promotion agencies (IPAs). By adopting digital solutions, IPAs can access the same information, simplifying procedures, and ensuring transparency. This streamlines investment processes and creates a conducive environment for attracting and retaining investment.
The analysis also emphasises the value of shared digital platforms in facilitating information sharing about investment opportunities. These platforms, such as websites and portals, provide a centralised hub for sharing vital information about investment procedures and costs. This promotes partnerships and collaboration in achieving Sustainable Development Goals related to industry, innovation, and infrastructure.
Additionally, the importance of collective capacity building is highlighted. The analysis suggests that by enhancing capacity building initiatives, organisations can equip individuals with the necessary skills and knowledge to effectively utilise digital tools. This approach reduces dependency on third-party companies and allows for more efficient utilisation of resources.
Lastly, the analysis highlights the significance of ready-to-use solutions developed by organisations like UNCTAD. These solutions help reduce the cost of developing and training for the use of digitised systems. This makes digital technology more accessible and affordable, promoting wider adoption and implementation.
In conclusion, the analysis underscores the critical role of digitalisation across sectors, including trade, competition, investment promotion, and capacity building. By adapting regulations, enhancing digital solutions, and addressing concerns related to transparency and cybersecurity, governments can benefit from improved efficiency and increased opportunities for economic growth. Collaboration through shared digital platforms and the use of ready-to-use solutions further support the adoption of digital technologies. It is essential for policymakers and organisations to recognise the potential of digitalisation and take proactive steps towards its implementation.
Ratnakar Adhikari
Digital inclusion is essential for bringing least developed countries (LDCs) into the digital mainstream and enhancing the sustainability of supply chains. Currently, only one-third of people in LDCs are connected, leaving the remaining two-thirds without access to digital technologies and connectivity.
Furthermore, digitizing end-to-end trade transactions can have a significant positive impact on the environment, with an estimated saving of approximately 13 million tonnes of carbon dioxide emissions in the Asia-Pacific region alone. This highlights the potential of digital technologies to contribute to climate action and the achievement of Sustainable Development Goal 13.
One concrete example of the Enhanced Integrated Framework's (EIF) support for digital projects is the Electronic Single Window (ESW) in Vanuatu. Implemented by the United Nations Conference on Trade and Development (UNCTAD), the ESW has streamlined trade processes by reducing biosecurity certification paperwork by 95% and decreasing the time needed to provide certificates from six days to just 10 minutes. This demonstrates the transformative power of digital solutions in enhancing supply chain sustainability and reducing bureaucratic inefficiencies.
EIF's support also extends to addressing e-waste challenges. For instance, in partnership with a UAE-based company, EIF has supported Rwanda's e-waste policy, focusing on reprocessing waste and safely destroying hazardous materials. This contributes to responsible consumption and production, aligning with Sustainable Development Goal 12.
Nepal has also benefited from EIF's digital support through the implementation of a digitally-based traceability system for organic tea. This system has increased queries from buyers, potentially opening up new export opportunities and facilitating progress towards Sustainable Development Goal 2 to ensure zero hunger.
Additionally, EIF's diagnostic work helps LDCs by understanding their specific needs, priorities, and challenges, enabling the refinement of legislations and procedures to create a more business-friendly environment. For example, with EIF's support, Bhutan developed e-regulation, a digital tool that improved transparency and played a vital role in mobilising significant investments. This highlights the potential of digital technology to attract green investments and promote economic growth, aligning with Sustainable Development Goal 8.
In conclusion, EIF's efforts in supporting digital projects and digital inclusion in LDCs have resulted in significant benefits across various areas. From enhancing supply chain sustainability to reducing carbon emissions, managing e-waste effectively, and increasing export opportunities, digital initiatives have the potential to drive inclusive and sustainable development. Furthermore, EIF's collaboration with other agencies and provision of small funds for de-risking investments and attracting private sector participation underscores the importance of partnerships and fostering an investment ecosystem conducive to sustainable development. Continued support and investment in digital inclusion in LDCs are crucial for further progress towards the Sustainable Development Goals.
Caroline King
Caroline King, in her discussions on digital transformation, emphasises the importance of collaboration between the private sector and governments. She highlights that governments should take the lead in this process. King mentions that SAP, a leading technology company, has observed the evolution of the company's interaction with the public sector, indicating its role as an enabler for digital transformation. She further observes that the realisation of the importance of digital transformation in government has accelerated following the COVID-19 pandemic.
Regarding AI technology, King recognises the need to establish standards and harmonization to prevent technology from controlling society. She asserts that AI is the world's biggest disruptor and advocates working together to address the challenges posed by disruptive technology.
In terms of climate goals, King argues that achieving these goals is a shared responsibility that requires mutual support from both the private sector and the government. She believes that neither governments nor private sector entities can effectively tackle the challenges of climate change alone. King also notes that the private sector, including companies like SAP, can feel overwhelmed by the numerous fragmented initiatives on climate actions. This highlights the need for coordination and financing from the government to enhance collaboration and facilitate progress towards climate goals.
Access to technology and digital tools is seen as a means to enhance efficiency for both governments and private sectors. King highlights that SAP caters to a diverse range of customers, including SMEs, disproving the notion that their tools are suitable only for large enterprises. She points out that SAP utilizes cloud models and modular software, making their tools more affordable and flexible. Furthermore, SAP invests in startups and develops solutions that contribute to sustainability efforts, such as the certification for green hydrogen, which acts as a digital twin for ESG reporting. The company also collaborates on projects related to traceability, such as rural sourcing management in East Africa. The long-term association between SAP and BMW has resulted in the iFactory, which monitors the entire supply chain with real data.
Caroline King notes that public-private partnerships (PPPs) and cross-sectoral collaborations play a crucial role in enhancing sustainability and corporate social responsibility. As an example, SAP has developed certification for green hydrogen as part of a PPP initiative. The company has also engaged in partnerships with Gateshead for capacity building and skills development. Collaboration with governments and organizations is being considered to promote green hydrogen technology.
Overall, Caroline King's arguments underscore the importance of collaboration, standards, access to technology, and public-private partnerships in various domains such as digital transformation, AI, climate goals, and sustainability. SAP's involvement in these initiatives serves as concrete evidence of its commitment to enabling positive change through technology.
Long Kemvichet
Cambodia has implemented the Pentagon Strategy, a new social and economic policy agenda, to combat climate change and promote a green economy. The strategy focuses on growth, employment, equity, efficiency, and sustainability. It prioritises investments in key sectors such as digital industries, environmental management and protection, biodiversity conservation, circular economy, and green energy technology. To attract investments in these sectors, Cambodia has introduced the law on investment, 2021, providing incentives for investors.
Cambodia is actively participating in regional efforts through its membership in ASEAN. It is part of the formulation of the ASEAN Community Vision Post-2025, a 20-year strategy termed Vision 2045. ASEAN is working on a Framework on Circular Economy and a Strategy for Carbon Neutrality, aiming to achieve resilient, resource-efficient, and sustainable growth. Cambodia is leveraging these regional strategies to attract more green investments.
To promote sustainability and transparency, the Council for Development of Cambodia, in collaboration with the World Economic Forum, has developed a database for Micro, Small, and Medium Enterprises (MSMEs) to register and provide sustainability details about their products. This database serves as a platform for potential buyers and interested parties to access contact information and product details.
Cambodia has set an ambitious goal of becoming a digital economy and society by 2035. It has formulated a policy framework to adopt and maximise the benefits of digital technology. ASEAN is also negotiating an ASEAN Digital Economy Framework Agreement to accelerate inclusive digital transformation. However, it is acknowledged that developing countries, especially the Least Developed Countries (LDCs), often face challenges in accessing digital technology due to limited resources and infrastructure. These countries require technical assistance, capacity building, and technology transfer from more developed nations.
Overall, global trade discussions and negotiations should be open, transparent, and inclusive. Cambodia is working towards sustainable growth and a circular economy, as evidenced by the creation of a unique sustainability database. The ASEAN region provides Cambodia with a wider consumer base and business environment, offering an advantageous position for its sustainable development goals. Efforts are being made to connect Cambodia's online marketplace, CambodiaTrade.com, with ASEANonline.
Improving the investment climate is crucial for de-risking investment, and Cambodia recognises the use of public money as an effective method. Blended finance models, which combine public and private investment, can help address investment challenges. The United Nations Capital Development Fund (UNCDF) is exploring a blended finance model that could be adopted.
In conclusion, Cambodia is dedicated to combating climate change, promoting a green economy, and achieving sustainable development. Through its social and economic policy agenda, regional cooperation with ASEAN, promotion of sustainability through the MSMEs database, and focus on digitalisation and investment climate improvement, Cambodia is making significant progress towards its goals.
Moderator
Investment promotion agencies and trade institutions play a vital role in achieving climate goals. They have close connections with the private sector and can influence policies and actions. These agencies and institutions represent their governments and work towards attracting investment and promoting trade. On the other hand, digitalization can contribute to creating sustainable supply chain partnerships and enhance the sustainability of the supply chain. By using digital tools, organizations can improve connectivity and efficiency, leading to more responsible consumption and production practices.
Collective knowledge and experiences from international organizations and the private sector are essential for driving sustainable solutions. The diversity of perspectives allows for the exchange of best practices and the development of innovative approaches. This is particularly relevant in the context of partnerships for the goals, where collaboration between different stakeholders is crucial.
Despite the potential benefits of digital tools, progress in terms of digital inclusion is slow in least developed countries (LDCs). Only one-third of the population in LDCs is digitally connected, highlighting the digital divide that exists. Efforts should be made to bridge this gap and ensure that LDCs can fully leverage the advantages of digitization.
Digitalization can also streamline legal processes and make them more investor-friendly. By embracing digital solutions, governments can simplify procedures, improve transparency, and create a more conducive environment for investment. This is particularly important in attracting foreign investment and promoting economic growth.
Furthermore, the transition to digital operations can contribute to environmental sustainability. Digitization leads to dematerialization, reducing the need for paper and preserving forests. Implementing digital payment systems can also reduce the need for physical movement, thereby promoting sustainability.
In Cambodia, the government has rolled out the Pentagon Strategy, a social and economic policy agenda aimed at supporting the country's ambition to become a high-income nation by 2050. The strategy focuses on achieving growth, employment, equity, efficiency, and sustainability. It also acknowledges the significant influence of climate change and digital transformation in shaping its goals.
The ASEAN Community Vision Post-2025 is currently being formulated and emphasizes the importance of collective efforts and collaboration to address regional challenges. ASEAN member countries, including Cambodia, recognize the need to work together to achieve sustainable development goals and promote inclusive digital transformation.
SAP, a world leader in business software, acknowledges the importance of government investment and involvement in digital transformation. They have been investing in digital tools and technologies for sustainability, contributing to the development of a more sustainable and innovative business ecosystem.
However, it is essential to establish standards and promote collaboration to prevent technology from controlling us. The introduction of new technologies, such as artificial intelligence, should take into account the need for proactive regulation and the establishment of ethical frameworks.
Overall, the transition to a digital economy and the adoption of digital tools can bring significant benefits, including economic growth, sustainability, and inclusivity. To fully harness these benefits, governments, organizations, and international institutions must work together to address challenges, bridge the digital divide, and promote responsible and sustainable digital transformations.
Speakers
A
Audience
Speech speed
138 words per minute
Speech length
248 words
Speech time
108 secs
Arguments
Cambodia's commitment to fostering September growth via strategies focusing on circular economy and carbon neutrality impressed the audience.
Supporting facts:
- Ms. Nguyen's presentation informed about Cambodia's commitment and their focus on sustainability through use of organic materials and solar energy.
- Cambodia's September database being used as a tool for promoting responsible trade and investment.
Topics: Circular Economy, Carbon Neutrality, Sustainability Database, Green Investment
Questions on how Cambodia navigates sustainability database to attract green investment
Topics: Sustainability Database, Green Investment
Interest in understanding if there are plans to integrate this resource within the broader Asian framework for enhancing September growth and competitiveness across member states
Topics: Asian Framework, September Growth, Interstate Competitiveness
Report
During her presentation, Ms. Nguyen provided valuable insights into Cambodia's commitment to sustainability, specifically focusing on the use of organic materials and solar energy. The audience was impressed by Cambodia's dedication to sustainable practices. One key highlight was the September database, which Cambodia utilizes as a tool to promote responsible trade and investment.
This database is crucial in facilitating business practices aligned with sustainability goals. Cambodia's strategies on circular economy and carbon neutrality were particularly impressive. The country aims to foster September growth through the implementation of these strategies, which include reducing waste and promoting efficient resource usage.
Their commitment to carbon neutrality demonstrates their dedication to mitigating climate change. The discussion also centered around how Cambodia utilizes the sustainability database to attract green investment. The audience was eager to understand how Cambodia leverages this database to attract such investments, as green investment is essential for promoting sustainable development.
The exchange of ideas and insights in this regard emphasized the importance of leveraging the database's potential to attract investors who align with sustainability goals. Furthermore, there was an interesting exploration of integrating the sustainability database within the broader Asian framework.
The discussion touched upon Cambodia's participation in the Asian framework for enhancing September growth and competitiveness among member states. The audience expressed curiosity about how the sustainability database could be integrated into this framework, emphasizing the potential benefits for regional collaboration and advancement towards sustainable development goals.
The importance of partnerships in fostering economic growth and achieving sustainable development was also highlighted. In summary, Ms. Nguyen's presentation highlighted Cambodia's commendable commitment to sustainability, focusing on organic materials, solar energy, circular economy, and carbon neutrality. The September database serves as a crucial tool in supporting responsible trade and investment.
The audience expressed interest in Cambodia's utilization of the database to attract green investment and its potential integration within the broader Asian framework. Overall, the presentation effectively showcased Cambodia's dedication to sustainability and their efforts to foster September growth through these strategies.
CK
Caroline King
Speech speed
184 words per minute
Speech length
1568 words
Speech time
511 secs
Arguments
Caroline King emphasizes the importance of collaboration between private sector and governments, and the necessity for governments to take the lead in digital transformation.
Supporting facts:
- She mentions SAP has had the chance to see the evolution of this company's interaction with the public sector.
- She states how the realization of the importance of digital transformation in government has picked up after COVID.
- She highlights the role of SAP - an enabler that offers tools for digital transformation.
Topics: Digital Transformation, Public-Private Collaboration, Government Leadership
Caroline King recognizes the importance of setting standards and harmonization in AI technology, stating that it is world's biggest disruptor.
Supporting facts:
- She underscores the need to get ahead of the curve on those standards to prevent the technology from controlling us.
- She calls for working together in tackling disruptive technology like AI.
Topics: Artificial Intelligence, Standards, Harmonization
Access to technology and digital tools can aid governments and private sectors in a more efficient way
Supporting facts:
- 8% of SAP customers are SMEs, disproving the view that it's tool is only for large enterprises
- SAP utilizes cloud models and modular software, making it more affordable and flexible
- SAP invests in startups and develops solutions such as the certification for green hydrogen, acting as a digital twin for ESG reporting
- The company works on projects related to traceability, like one in East Africa on rural sourcing management
- BMW opened iFactory, monitoring the entire supply chain with real data, thanks to its long-term association with SAP
Topics: Digital Tools, Technology Access, Efficiency
Report
Caroline King, in her discussions on digital transformation, emphasises the importance of collaboration between the private sector and governments. She highlights that governments should take the lead in this process. King mentions that SAP, a leading technology company, has observed the evolution of the company's interaction with the public sector, indicating its role as an enabler for digital transformation.
She further observes that the realisation of the importance of digital transformation in government has accelerated following the COVID-19 pandemic. Regarding AI technology, King recognises the need to establish standards and harmonization to prevent technology from controlling society. She asserts that AI is the world's biggest disruptor and advocates working together to address the challenges posed by disruptive technology.
In terms of climate goals, King argues that achieving these goals is a shared responsibility that requires mutual support from both the private sector and the government. She believes that neither governments nor private sector entities can effectively tackle the challenges of climate change alone.
King also notes that the private sector, including companies like SAP, can feel overwhelmed by the numerous fragmented initiatives on climate actions. This highlights the need for coordination and financing from the government to enhance collaboration and facilitate progress towards climate goals.
Access to technology and digital tools is seen as a means to enhance efficiency for both governments and private sectors. King highlights that SAP caters to a diverse range of customers, including SMEs, disproving the notion that their tools are suitable only for large enterprises.
She points out that SAP utilizes cloud models and modular software, making their tools more affordable and flexible. Furthermore, SAP invests in startups and develops solutions that contribute to sustainability efforts, such as the certification for green hydrogen, which acts as a digital twin for ESG reporting.
The company also collaborates on projects related to traceability, such as rural sourcing management in East Africa. The long-term association between SAP and BMW has resulted in the iFactory, which monitors the entire supply chain with real data. Caroline King notes that public-private partnerships (PPPs) and cross-sectoral collaborations play a crucial role in enhancing sustainability and corporate social responsibility.
As an example, SAP has developed certification for green hydrogen as part of a PPP initiative. The company has also engaged in partnerships with Gateshead for capacity building and skills development. Collaboration with governments and organizations is being considered to promote green hydrogen technology.
Overall, Caroline King's arguments underscore the importance of collaboration, standards, access to technology, and public-private partnerships in various domains such as digital transformation, AI, climate goals, and sustainability. SAP's involvement in these initiatives serves as concrete evidence of its commitment to enabling positive change through technology.
LK
Long Kemvichet
Speech speed
138 words per minute
Speech length
2734 words
Speech time
1190 secs
Arguments
Cambodia is committed to combat climate change and promote green economy
Supporting facts:
- Cambodia has rolled out a new social and economic policy agenda, the Pentagon Strategy, which supports its Vision 2050 to become a high-income country. The strategy focuses on growth, employment, equity, efficiency, and sustainability.
- In this policy, the Cambodian government is strategizing to promote and attract investments in priority sectors - digital industries, environmental management and protection, biodiversity conservation and circular economy, and green energy technology.
- Cambodia has also introduced the law on investment, 2021 to provide incentives for investments in these priority sectors.
Topics: Environment, Climate Change, Green Economy
The supplier's database developed by the Council for Development of Cambodia is a notable step
Supporting facts:
- Council for Development of Cambodia along with World Economic Forum has created a database for MSMEs to register and provide sustainability details about their products.
- This database serves as a platform for potential buyers or any interested party to get contact Info and details of the products.
Topics: Digital Transformation, Trade, Supplier Database
Digitalization should not be a barrier, but a catalyst for resilient, sustainable, and inclusive economic transformation
Supporting facts:
- Cambodia strives to become a digital economy and a digital society by 2035 with a policy framework focusing on adopting and maximizing the benefits of digital technology
- ASEAN is on the path to negotiating an ASEAN Digital Economy Framework Agreement, which looks to accelerate inclusive digital transformation
Topics: Digitalization, Economic transformation, Resilience, Inclusivity, Sustainability
Cambodia is focusing on sustainable growth, backed by its commitment to a circular economy and carbon neutrality, seen in their creation of a sustainability database
Supporting facts:
- Cambodia has compiled a unique database of all the SMEs providing products and services along with sustainability dimension elements.
- The database also includes information about certificates industries are complying with.
- cambodiatrade.com platform funded by EAF is being developed to mimic the sustainability approach.
Topics: Sustainable Growth, Circular Economy, Carbon Neutrality
Improving the investment climate is crucial for de-risking investment.
Supporting facts:
- Challenges for investors often involve land acquisition issues.
- A specific investment climate improvement in LEC is the primary solution.
Topics: Investment, De-risking, Climate Improvement
The UNCDF is working on a blended finance model which could be adopted.
Supporting facts:
- The organization based in New York, United Nations Capital Development Fund (UNCDF) is working by following a blended finance model.
Topics: UNCDF, Blended Finance, Investment Model
Report
Cambodia has implemented the Pentagon Strategy, a new social and economic policy agenda, to combat climate change and promote a green economy. The strategy focuses on growth, employment, equity, efficiency, and sustainability. It prioritises investments in key sectors such as digital industries, environmental management and protection, biodiversity conservation, circular economy, and green energy technology.
To attract investments in these sectors, Cambodia has introduced the law on investment, 2021, providing incentives for investors. Cambodia is actively participating in regional efforts through its membership in ASEAN. It is part of the formulation of the ASEAN Community Vision Post-2025, a 20-year strategy termed Vision 2045.
ASEAN is working on a Framework on Circular Economy and a Strategy for Carbon Neutrality, aiming to achieve resilient, resource-efficient, and sustainable growth. Cambodia is leveraging these regional strategies to attract more green investments. To promote sustainability and transparency, the Council for Development of Cambodia, in collaboration with the World Economic Forum, has developed a database for Micro, Small, and Medium Enterprises (MSMEs) to register and provide sustainability details about their products.
This database serves as a platform for potential buyers and interested parties to access contact information and product details. Cambodia has set an ambitious goal of becoming a digital economy and society by 2035. It has formulated a policy framework to adopt and maximise the benefits of digital technology.
ASEAN is also negotiating an ASEAN Digital Economy Framework Agreement to accelerate inclusive digital transformation. However, it is acknowledged that developing countries, especially the Least Developed Countries (LDCs), often face challenges in accessing digital technology due to limited resources and infrastructure.
These countries require technical assistance, capacity building, and technology transfer from more developed nations. Overall, global trade discussions and negotiations should be open, transparent, and inclusive. Cambodia is working towards sustainable growth and a circular economy, as evidenced by the creation of a unique sustainability database.
The ASEAN region provides Cambodia with a wider consumer base and business environment, offering an advantageous position for its sustainable development goals. Efforts are being made to connect Cambodia's online marketplace, CambodiaTrade.com, with ASEANonline. Improving the investment climate is crucial for de-risking investment, and Cambodia recognises the use of public money as an effective method.
Blended finance models, which combine public and private investment, can help address investment challenges. The United Nations Capital Development Fund (UNCDF) is exploring a blended finance model that could be adopted. In conclusion, Cambodia is dedicated to combating climate change, promoting a green economy, and achieving sustainable development.
Through its social and economic policy agenda, regional cooperation with ASEAN, promotion of sustainability through the MSMEs database, and focus on digitalisation and investment climate improvement, Cambodia is making significant progress towards its goals.
M
Moderator
Speech speed
158 words per minute
Speech length
1870 words
Speech time
709 secs
Arguments
Investment promotion agencies and trade institutions can play a vital role in achieving climate goals.
Supporting facts:
- Investment promotion agencies and trade institutions have close connections with the private sector.
- These agencies and institutions represent their governments and can influence policies and actions.
Topics: Investment Promotion Agencies, Trade Institutions, Digital Tools, Climate Goals
Digitalization can contribute to creating sustainable supply chain partnerships.
Supporting facts:
- Digitalization has ushered in a new era of connectivity and efficiency.
- Digital tools can serve as catalysts for creating sustainable supply chain partnerships that benefit our organizations, communities, and planet.
Topics: Digitalization, Sustainable Supply Chain Partnerships
Digital strategy and tools can enhance sustainability of supply chain
Supporting facts:
- 2/3 of LDCs are not digitally connected yet.
- Digitizing trade transactions can save large amounts of carbon emissions.
- Example of a project in Vanuatu where electronic single window reduced paper formalities, reduced time for certificate provision, and helped in carbon reduction.
- Implementation of e-waste policy in Rwanda, which aided in reusing plastic and metals.
- Project in Nepal to enhance tea traceability, reducing rejection rates and increasing exports.
Topics: Digital Strategy, Supply Chain, Sustainability
The digital revolution allows all countries, regardless of development level, to compete equally
Supporting facts:
- Digital solutions allow procedures to be done faster, saving time and preserving environmental resources
- Countries are in competition with each other and those that can digitize their processes faster will have an advantage
Topics: Digital Transformation, Competition
Governments need to update and enforce regulations to incorporate digital solutions
Supporting facts:
- There's a need to take into account cybersecurity and electronic signatures
- Payment systems need to be reformed to accommodate online transactions
Topics: Government Regulation, Digital Transformation
The transition to digital operations can contribute to environmental sustainability
Supporting facts:
- Digitization leads to dematerialization which can help in preserving forests
- Implementing digital payments can reduce the need for physical movement, promoting sustainability
Topics: Digitalisation, Environmental Sustainability
Cambodia has rolled out a new social and economic policy agenda called the Pentagon Strategy
Supporting facts:
- The Pentagon Strategy was rolled out in August of this year
- The tagline for this strategy is growth, employment, equity, efficiency. and sustainability
- The strategy is designed to support Cambodia Vision 2050
- The government’s aim is to become a high-income country by 2050
Topics: Social and economic policy, Government strategies
Climate change and digital transformation are two significant factors influencing the formulation of the Pentagon Strategy
Supporting facts:
- Climate change impacts the flow of goods, services, and investment and causes supply chain disruptions
- Digital transformation has increased its significant role in economic activities, business, and governance
Topics: Climate change, Digital transformation, Government strategies
There are plans to attract investment into priority sectors such as the digital industries, the environmental management and protection sector, and green energy technology
Supporting facts:
- The law on investment was promulgated in 2021 to attract investment into priority sectors
- The government plans to provide a lot of incentives for the priority sectors
Topics: Investment promotion, Priority sectors
Cambodia is part of ASEAN which is currently formulating the ASEAN Community Vision Post-2025
Supporting facts:
- The ASEAN Community Vision Post-2025 will be a 20-year strategy
Topics: ASEAN Community Vision Post-2025, International cooperation
SAP has been investing in digital tools and technologies for sustainability, and recognizes the importance of government investment and involvement in digital transformation.
Supporting facts:
- Caroline has been with SAP for about 23 years
- SAP invests significantly in training, including coding in primary schools
- SAP is a world leader in business software
- SAP provides the backbone for any organization, no matter how small or big
Topics: Digital tools, Technology, Digital Transformation, Investment, Government
Despite digital innovation, there's a risk of technology controlling us if we don't establish standards and work collaboratively.
Supporting facts:
- AI is seen as the world's biggest disruptor, including for SAP
- Caroline expresses the need to be proactive and stay ahead of the curve regarding standards for AI
Topics: Standards, Collaboration, Technology, AI
There is a need to consolidate and coordinate efforts in the sustainability and technology sectors to ensure resources are used effectively.
Supporting facts:
- Caroline describes the current state of affairs as 'patchwork', suggesting that efforts are scattered and uncoordinated
- There is difficulty for private sector players to determine where to best allocate their resources
Topics: Coordination, Sustainability, Technology
EIF conducts Diagnostic Trade Integration Study for countries that come to them for support
Supporting facts:
- EIF works with least developed countries and five recently graduated countries.
- The study identifies what needs to be done and where funding will come from.
- It helps countries prepare projects and attract investment.
- EIF also helps countries revise legislation to become more business-friendly.
Topics: EIF, Diagnostic Trade Integration Study, export, aid
EIF helps countries with e-regulation to improve investment climate.
Supporting facts:
- Bhutan, with the help of EIF and UNCTAD, set up an e-regulation website.
- The website provides information on business registration, fiscal matters, land acquisition etc.
- It has led to mobilization of significant investment.
Topics: EIF, e-regulation, investment climate
EIF collaborates with investment promotion agencies for attracting and retaining foreign investment
Supporting facts:
- EIF worked with WIPA and Anglophone and Francophone countries.
- They are building capacity of IPAs to provide aftercare services to retain foreign investment.
Topics: EIF, investment promotion agencies, foreign investment
EIF provides funding to de-risk investment for private sector
Supporting facts:
- EIF provides funding up to $1.5 million or even $3 million in some cases.
- This helps attract private sector by reducing their risk.
Topics: EIF, funding, de-risking, private sector
For investment promotion agencies, digitization serves two objectives: simplification of procedures and transparency
Supporting facts:
- Transparency can be obtained by having available information and the same information for all
Topics: digitization, investment promotion agencies, transparency
Different organizations bring together investment promotion agencies, for the development of platforms to share information
Supporting facts:
- Websites, portals and other things allow finding out about investment opportunities, procedures and procedure costs
Topics: investment promotion agencies, information sharing, digital platforms
Capacity enhancement is necessary in order to use digital means that provide access to information
Supporting facts:
- UNCTAD develops ready-to-use e-regulations or e-registrations that allows agencies to have access to information
Topics: capacity enhancement, access to information, digital tools
Training on using these solutions reduces the cost of recruiting third-party companies
Supporting facts:
- UNCTAD's tools come along with a training to use them
Topics: training, cost reduction, digital tools
The joint project by EIF and YPAT for capacity building of francophone investment promotion agencies is useful
Supporting facts:
- A master class to use artificial intelligence to promote investments was recently held in Moroni
- One of the exercises was to ask Chat GPT for a promotion strategy to, for each country
Topics: capacity building, investment promotion agencies, EIF and YPAT, francophone
Digitalization should not be a barrier but a catalyst for resilient, sustainable, and inclusive economic transformation
Supporting facts:
- Cambodia strives to become a digital economy by 2035
Topics: digitalization, economic transformation
Cambodia has a policy framework for digital technology adoption
Supporting facts:
- The policy aims to increase productivity, economic efficiency, boost national economic growth, and build a civilized society
Topics: policy framework, digital technology
ASEAN is on the path to negotiate a Digital Economy Framework Agreement (DEFA)
Supporting facts:
- DEFA would accelerate inclusive digital transformation in ASEAN
Topics: ASEAN, Digital Economy Framework Agreement
Long Kemvichet introduced a new platform called cambodiatrade.com
Supporting facts:
- The platform has 130 SMEs who are participating
- It's an e-commerce platform focusing on B2B and also B2C operations
- They have gone around the region to promote the platform
Topics: cambodiatrade.com, e-commerce, SMEs, trade
Cambodiatrade.com participated in trade fairs and exhibitions
Supporting facts:
- The idea is to bring the platform with all its vendors to trade fairs and exhibitions instead of single companies as it saves resources and provides more support
Topics: cambodiatrade.com, trade fairs, exhibitions
Cambodiatrade.com plans to link with OnlineASEAN.com
Supporting facts:
- OnlineASEAN.com was recently launched during the ASEAN Economic Ministers' Meeting
- The linkage will provide more accessibilities and enabling environments for SMEs
Topics: cambodiatrade.com, OnlineASEAN.com, linkage
Report
Investment promotion agencies and trade institutions play a vital role in achieving climate goals. They have close connections with the private sector and can influence policies and actions. These agencies and institutions represent their governments and work towards attracting investment and promoting trade.
On the other hand, digitalization can contribute to creating sustainable supply chain partnerships and enhance the sustainability of the supply chain. By using digital tools, organizations can improve connectivity and efficiency, leading to more responsible consumption and production practices. Collective knowledge and experiences from international organizations and the private sector are essential for driving sustainable solutions.
The diversity of perspectives allows for the exchange of best practices and the development of innovative approaches. This is particularly relevant in the context of partnerships for the goals, where collaboration between different stakeholders is crucial. Despite the potential benefits of digital tools, progress in terms of digital inclusion is slow in least developed countries (LDCs).
Only one-third of the population in LDCs is digitally connected, highlighting the digital divide that exists. Efforts should be made to bridge this gap and ensure that LDCs can fully leverage the advantages of digitization. Digitalization can also streamline legal processes and make them more investor-friendly.
By embracing digital solutions, governments can simplify procedures, improve transparency, and create a more conducive environment for investment. This is particularly important in attracting foreign investment and promoting economic growth. Furthermore, the transition to digital operations can contribute to environmental sustainability.
Digitization leads to dematerialization, reducing the need for paper and preserving forests. Implementing digital payment systems can also reduce the need for physical movement, thereby promoting sustainability. In Cambodia, the government has rolled out the Pentagon Strategy, a social and economic policy agenda aimed at supporting the country's ambition to become a high-income nation by 2050.
The strategy focuses on achieving growth, employment, equity, efficiency, and sustainability. It also acknowledges the significant influence of climate change and digital transformation in shaping its goals. The ASEAN Community Vision Post-2025 is currently being formulated and emphasizes the importance of collective efforts and collaboration to address regional challenges.
ASEAN member countries, including Cambodia, recognize the need to work together to achieve sustainable development goals and promote inclusive digital transformation. SAP, a world leader in business software, acknowledges the importance of government investment and involvement in digital transformation. They have been investing in digital tools and technologies for sustainability, contributing to the development of a more sustainable and innovative business ecosystem.
However, it is essential to establish standards and promote collaboration to prevent technology from controlling us. The introduction of new technologies, such as artificial intelligence, should take into account the need for proactive regulation and the establishment of ethical frameworks.
Overall, the transition to a digital economy and the adoption of digital tools can bring significant benefits, including economic growth, sustainability, and inclusivity. To fully harness these benefits, governments, organizations, and international institutions must work together to address challenges, bridge the digital divide, and promote responsible and sustainable digital transformations.
NS
Nadjati Soidiki
Speech speed
125 words per minute
Speech length
1745 words
Speech time
838 secs
Arguments
The governments have to adapt their regulation and also to adapt their digital solutions.
Supporting facts:
- Comoros has in place a single window system for external trade and also to connect with the customs.
Topics: Business Law, Digitalization, Regulations
Countries, irrespective of the development level, can participate equally with digitization.
Supporting facts:
- All countries can be equal in the digital realm
- Economic competition is feasible through digitization
Topics: Digitalization, Competitiveness, Global Market
Concerns regarding precision, transparency, and cybersecurity should be addressed through digitized systems.
Supporting facts:
- Issues such as the reform of payment systems, because digitization means being able to make payments online.
- Issues such as electronic signature, which must be recognized by states
Topics: Digitalization, Cybersecurity, Transparency
Digitization for IPAs has two objectives: to simplify the procedures and to enhance transparency.
Supporting facts:
- Digitalization allows the agencies to have same information which can be utilized for simplifying process and ensuring transparency
Topics: Digitalization, Investment Promotion Agencies, Transparency, Simplification
Shared digital platforms like websites, portals developed allow sharing information about investment opportunities, procedures and procedure costs.
Supporting facts:
- Shared resources can develop platforms that share information about investment
Topics: Digital Platforms, Investment Opportunities, Information Sharing
Digital technology requires technical expertise and funding, however ready-to-use solutions developed by organizations like UNCTAD effectively help in reducing these costs.
Supporting facts:
- UNCTAD's ready-to-use solutions help in reducing cost of developing and training for use of digitized systems
Topics: Digital Technology, Funding, UNCTAD, Ready-to-use solutions
Report
The analysis provides a comprehensive overview of the importance and benefits of digitalisation in various sectors. One key finding is the need for governments to adapt regulations and digital solutions to facilitate trade and improve efficiency. By implementing a single window system for external trade and connecting with customs, Comoros has demonstrated the positive impact of such measures.
This highlights the potential for other governments to follow suit and enhance their regulatory frameworks and digital infrastructure. Another significant point highlighted in the analysis is that digitisation enables equal participation in the digital realm, promoting economic competition. Regardless of the development level of countries, they can all participate equally by harnessing the power of digitisation.
This presents opportunities for economic growth and reducing inequalities among nations. Addressing concerns regarding transparency, cybersecurity, and precision is crucial in the digital era. The analysis suggests that these issues can be effectively tackled through the implementation of digitised systems.
For example, the reform of payment systems and recognition of electronic signatures by states are important considerations to ensure the security and transparency of digital transactions. Digitalisation also plays a crucial role in enhancing investment promotion agencies (IPAs). By adopting digital solutions, IPAs can access the same information, simplifying procedures, and ensuring transparency.
This streamlines investment processes and creates a conducive environment for attracting and retaining investment. The analysis also emphasises the value of shared digital platforms in facilitating information sharing about investment opportunities. These platforms, such as websites and portals, provide a centralised hub for sharing vital information about investment procedures and costs.
This promotes partnerships and collaboration in achieving Sustainable Development Goals related to industry, innovation, and infrastructure. Additionally, the importance of collective capacity building is highlighted. The analysis suggests that by enhancing capacity building initiatives, organisations can equip individuals with the necessary skills and knowledge to effectively utilise digital tools.
This approach reduces dependency on third-party companies and allows for more efficient utilisation of resources. Lastly, the analysis highlights the significance of ready-to-use solutions developed by organisations like UNCTAD. These solutions help reduce the cost of developing and training for the use of digitised systems.
This makes digital technology more accessible and affordable, promoting wider adoption and implementation. In conclusion, the analysis underscores the critical role of digitalisation across sectors, including trade, competition, investment promotion, and capacity building. By adapting regulations, enhancing digital solutions, and addressing concerns related to transparency and cybersecurity, governments can benefit from improved efficiency and increased opportunities for economic growth.
Collaboration through shared digital platforms and the use of ready-to-use solutions further support the adoption of digital technologies. It is essential for policymakers and organisations to recognise the potential of digitalisation and take proactive steps towards its implementation.
RA
Ratnakar Adhikari
Speech speed
168 words per minute
Speech length
2154 words
Speech time
769 secs
Arguments
Digital inclusion is crucial for bringing LDCs into the digital mainstream and enhancing sustainability of supply chains.
Supporting facts:
- 1 third people in LDCs are connected
- 2 third are not connected
Topics: Digital inclusion, LDCs, Digital Mainstream, Sustainability
Digitization of end-to-end trade transactions is equivalent to saving a significant amount of carbon emissions if scaled.
Supporting facts:
- Digitizing all end-to-end transactions would save roughly 13 million tons of CO2 in the Asia-Pacific region alone
Topics: Digitization, Trade transactions
EIF has supported various digital projects enhancing supply chain sustainability - one example is the electronic single window in Vanuatu.
Supporting facts:
- Implemented by UNCTAD, the electronic single window in Vanuatu has reduced biosecurity certification paper formalities by 95%. It has also reduced the time needed to provide the certificate from six days to 10 minutes.
Topics: EIF, Digital projects, Vanuatu, Electronic single window
EIF has also supported Rwanda's e-waste policy, which involves reusing plastics and metals and safely destroying hazardous waste.
Supporting facts:
- A partnership with a UAE based company was formed, resulting in the reprocessing of waste and safe destruction of hazardous materials.
Topics: EIF, Rwanda, E-waste policy
Digitally-based traceability system in Nepal supported by EIF can help reduce rates of organic tea rejection.
Supporting facts:
- The traceability system resulted in a increase in queries from buyers, potentially increasing export opportunities.
Topics: EIF, Nepal, Traceability System, Organic tea
LDCs can attract green investments and promote exports growth by utilizing digital technology
Supporting facts:
- EIF conducts diagnostic work to understand the needs, priorities, and challenges of LDCs
- EIF helps in refining legislations and procedures to make the business environment more friendly
- Bhutan developed e-regulation, a digital tool that improved transparency and mobilized significant investment
Topics: Digital technology, Green investments, Export growth, LDCs
Report
Digital inclusion is essential for bringing least developed countries (LDCs) into the digital mainstream and enhancing the sustainability of supply chains. Currently, only one-third of people in LDCs are connected, leaving the remaining two-thirds without access to digital technologies and connectivity.
Furthermore, digitizing end-to-end trade transactions can have a significant positive impact on the environment, with an estimated saving of approximately 13 million tonnes of carbon dioxide emissions in the Asia-Pacific region alone. This highlights the potential of digital technologies to contribute to climate action and the achievement of Sustainable Development Goal 13.
One concrete example of the Enhanced Integrated Framework's (EIF) support for digital projects is the Electronic Single Window (ESW) in Vanuatu. Implemented by the United Nations Conference on Trade and Development (UNCTAD), the ESW has streamlined trade processes by reducing biosecurity certification paperwork by 95% and decreasing the time needed to provide certificates from six days to just 10 minutes.
This demonstrates the transformative power of digital solutions in enhancing supply chain sustainability and reducing bureaucratic inefficiencies. EIF's support also extends to addressing e-waste challenges. For instance, in partnership with a UAE-based company, EIF has supported Rwanda's e-waste policy, focusing on reprocessing waste and safely destroying hazardous materials.
This contributes to responsible consumption and production, aligning with Sustainable Development Goal 12. Nepal has also benefited from EIF's digital support through the implementation of a digitally-based traceability system for organic tea. This system has increased queries from buyers, potentially opening up new export opportunities and facilitating progress towards Sustainable Development Goal 2 to ensure zero hunger.
Additionally, EIF's diagnostic work helps LDCs by understanding their specific needs, priorities, and challenges, enabling the refinement of legislations and procedures to create a more business-friendly environment. For example, with EIF's support, Bhutan developed e-regulation, a digital tool that improved transparency and played a vital role in mobilising significant investments.
This highlights the potential of digital technology to attract green investments and promote economic growth, aligning with Sustainable Development Goal 8. In conclusion, EIF's efforts in supporting digital projects and digital inclusion in LDCs have resulted in significant benefits across various areas.
From enhancing supply chain sustainability to reducing carbon emissions, managing e-waste effectively, and increasing export opportunities, digital initiatives have the potential to drive inclusive and sustainable development. Furthermore, EIF's collaboration with other agencies and provision of small funds for de-risking investments and attracting private sector participation underscores the importance of partnerships and fostering an investment ecosystem conducive to sustainable development.
Continued support and investment in digital inclusion in LDCs are crucial for further progress towards the Sustainable Development Goals.