Memorandum of Understanding on Establishing the ASEAN-China Centre Between the Governments of the Member States of the Association of Southeast Asian Nations and the Government of the People’s Republic of China

Attachment: Annex

ANNEX

To launch the operation of the Centre, a set of activities are proposed into three phases of implementation as follows:

Phase I (1st Year)

A virtual centre shall be established with a website set up to provide relevant information on trade, investment, tourism, education and culture, including statistics, event updates, and contacts, as well as offer active links to other related websites. Preparations shall be made for the establishment of a physical centre.

Phase II (2nd -3rd Year)

In this phase, more tangible activities shall be organised. The Centre shall serve as

1) a comprehensive information bank through its website, permanent archives and media publications, and

2) an activities centre with standing activities, such as an organised business match-making service, investment consultation bureau, educational advisory service, etc. as well as rotational activities, such as trade exhibitions, investment promotion events, tourism fairs, food festivals, art exhibitions, etc. The Centre shall explore the feasibility of setting up the ASEAN-China Centre Foundation (ACC Foundation).

Phase III (3rd -5th Year)

Phase II shall have been realized, with full-fledged activities in all the areas of cooperation i.e. trade, investment, tourism, education and culture. The activities in this phase shall aim at raising the funding necessary for running the Centre, which can be earned from the association dues, rental fee of exhibition booths, etc. In addition, the Centre shall operate on private funding through the possible ASEANChina Centre Foundation.