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News Details

Nov 27, 2024 .

Peter McMullin AM has been re-elected CACCI President. His plan for CACCI’s future

I’m proud to announce I’ve been re-elected as CACCI President.

The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) is a regional body that encompasses 27 independent economies spanning from Türkiye to Japan. For the Asia-Pacific, it’s an important forum for trade, business & collaboration.

Here’s my plan for my next 2-year term.

(1) Support Asia and Oceania to make the most of its opportunities

There’s no denying we are living in the Asian century. While we will soon have Trump 2.0 in the White House, I believe that the power and influence of Washington over the world and Asia has diminished (and will continue to diminish over time). There’s no animosity towards this trend.

It’s simply a reflection of the growing collaboration within Asia. Geopolitical expert Parag Khanna found in his book, The Future is Asian, that:

“Of the 30 trillion dollars of value that will be generated from 2015-2030, only 1 trillion will be generated from Western economies.”

We are living in a multi-polar geopolitical world. The balance of power, money, and trade is shifting hands. Over my life, I’ve seen the growing influence of Asia across the world. There are clear signs that Asia is occupying more and more of the world stage. Now, I don’t want to get drawn into a political debate.

But I see Asia and Oceania as the future. As President of CACCI, I’ve got the opportunity to ensure that this growth is inclusive, environmentally sustainable, and opportunities are spread to the next generation of young entrepreneurs.

My policy platform is: Helping businesses get SET for the future.

SET agenda looks at:
  • Sustainability: I look forward to supporting SMEs to reach NetZero as soon as possible. As many of  you know, CACCI conducted a recent study under my direction across our 10 member countries to find out more the opportunities and challenges SMEs face.
  • Entrepreneurship: This will have a renewed focus over the next two years. We have a vibrant Young Entrepreneurs Group (YEGAP) across our member countries. I will be working with them closely to see how we can best support them as individuals but also collectively as we look to renew and strengthen leadership within the CACCI network.
  • Trade: A key pillar of every chamber network and a large reason why I joined this important movement. I will also be talking about another ‘T’ and that is transition. Transition to a sustainable and just economy will only occur if SMEs are seriously engaged in this work.

I look forward to working closely with CACCI members, businesses, and regional leaders across the Asia-Pacific to bring this policy agenda to life.

One of my favourite sayings is: If you want to go fast, go alone.  But if you want to go far, go together.

(2) Fostering Innovation and Collaboration Across Borders

I’ve been a supporter of Asia for decades. My love for the region began with Timor-Leste. I’ve had the privilege of supporting President Jose Ramos-Horta and Prime Minister Xanana Gusmao fight for Timor-Leste to gain independence. Since independence I have worked closely with my Timorese friends in helping establish the Chamber of Commerce there as well as supporting other important initiatives.

My focus on Asia is not new. Over my time working across Asia, I’ve seen firsthand that one of the greatest strengths of the Asia-Pacific region is its diversity. We host some of the world’s oldest cultures alongside the most dynamic modern economies. This convergence of tradition and innovation is a source of opportunity for fostering collaboration.

My role as CACCI President sits at the intersection of public, private, and community. This allows me to bring together business leaders, policymakers, and innovators from across the region to tackle challenges and seize opportunities collectively.

The focus for the next two years will be on creating platforms. This is where ideas can flourish, and partnerships can form. For example, at the recent CACCI Conference, I got to oversee the official launch of the Asia-Pacific Green Alliance. By targeting sustainability and equipping SMEs to transition to greener practices, we’re not just responding to climate change. We’re redefining what sustainable growth looks like for the 21st century.

I’ve also been compelled by the idea that businesses can be seen as ‘merchants of peace’. When two countries rely on each other for economic prosperity, conflict becomes less likely.

That’s why fostering regional trade and connectivity will remain a cornerstone of my efforts. We must ensure that countries, especially those with a history of conflict, have equitable access to the tools and networks needed to thrive in a multipolar world.

A rising tide lifts all boats.

(3) Creating a movement of change

I’m grateful to work with incredible young entrepreneurs.

No vision for the future is complete without a commitment to empowering the next generation. Across Asia-Pacific, young entrepreneurs are reshaping industries, pioneering sustainable practices, and leading digital transformations. Yet, they often face barriers—access to capital, mentorship, and markets.

I want to warmly welcome Hiromi Aoki as the incoming Chairman of Young Entrepreneurs Group Asia Pacific (YEGAP). I look forward to working closely with him to understand how we can position Chambers of Commerce to help more young people create a more sustainable, peaceful and prosperous future.

From our initial discussions, we are aligned with how we see the future. Our plans include initiatives to provide mentorship programs, incubators, and access to international networks for young leaders. We’re setting the stage for cross-border collaboration, connecting innovative (and young) minds with resources and opportunities.

I believe programs like these can turn good businesses into enduring businesses. But nothing will be done without the active input from our young entrepreneurs group. Speaking with many of them, I know how innovative, proactive and dynamic their thinking is.

The road ahead won’t be easy… I’m optimistic but not naive. The road ahead will undoubtedly be filled with challenges. From rising geopolitical tensions to economic uncertainties. But it’s through challenges that we innovate, adapt, and grow.

As CACCI President, I see it as my mission to ensure that Asia-Pacific is preparing for the future and shaping it. To those who have supported me and CACCI’s vision. Thank you.

I’ve thoroughly enjoyed my first two years as CACCI President. Let us use the next two years to create lasting impact, inspire collaboration, and set new benchmarks for what’s possible when we come together as a region. If you’re ready to join me on this journey, reply to this article and let’s find a time to chat.

Till next time,

Peter.

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