TOKYO, Jan 5 — Japan will propose sharing its supply chain data with Asean member states, as part of its measures to further strengthen economic ties in the region.
The proposal for the 10 member countries includes putting in place a system where information about parts inventories, production capacity and supply chain disruption risks can be shared among Japanese and Asean companies in the automotive, electronics and other industries.
According to the Vietnam News Agency, retailers and other companies could also participate in the data-sharing platform, which would make it possible to exchange information in an effort to cut carbon dioxide emissions and protect human rights as well.
“The proposal will also include initiatives in sustainability, joint research between universities and companies and human capital, “ said the news report citing Japan’s Nikkei web.
A panel which includes officials from Japan’s Ministry of Economy, Trade and Industry (METI) and the Japan Association of Corporate Executives or Keizai Doyukai, will identify 100 examples of data sharing and propose rules for data management, besides compiling a Japan-Asean economic vision to be announced soon.
A formal decision on the measures will be made at the Japan-Asean Economic Ministers’ Meeting in August.
The proposals will also include initiatives in sustainability, joint research between universities and companies, and human capital.
Since the 2000s, the Asean bloc has achieved rapid economic growth, with the combined gross domestic product of Asean countries to be expected to surpass that of Japan in 2030.
— Bernama
