 You are not to shy Okay, oh you will have the opportunity to promote So Ladies and gentlemen The one welcome to all of you That's now our clothing session and first allow me to Introduce you again our this year's co-chairs. So I always start with Yolanda Kakabatze She is president of the WWF International in Switzerland Then we have Takishi Ninami chief executive officer and representative director Lawson from Japan We have Atsu Toshi Nishida Chairman of the board Toshi for cooperation, you know all from Japan as well And we have James T. Reidy chief executive officer lipo group Indonesia a warm welcome to all of you And ladies and gentlemen, you all know the mission of the World Economic Forum Committed to improving the state of the world and We were here the last two and a half days Because of our mission for East Asia And that is committed to improve the state of East Asia And now at the time the clothing session to ask if We have something achieved and if yes, what Have we achieved and so please? imagine Next Monday morning, we are all back in office It's hard just before the weekend, but and one of your colleague will ask you Okay, now you are back from Manila What was what is your major takeaway from the 23rd World Economic on East Asia? And so I will ask a question to our ambassadors of This year our forum and we start with your lander. What was your major take away from the last two and a half days? You know that I won't give you just one takeaway. Yes She negotiates because she is the president of a WWF. She knows how to negotiate And should we use ten minutes to talk about only one major takeaway or two major takeaway and she was a porphy She an expert. She started with three major takeaways. So now maybe she's allowed to make two major takeaways your lander The most important one I think is recognizing that The problems today are completely different than the ones last week then the ones of a month ago and a year ago and Will be totally different from the ones coming next week next Monday and next year therefore that we cannot think and Close our discussions into a box We do need to be permanently renovating our way of thinking looking into new options new technologies new actors and Because the problems will be different today. We do need to involve more young people The the young people who are looking at us and how we respond and how we react to be on a path of Evolution and rethinking our responses to create their own responses. So that would be I think my my main takeaway Get them more involved is not talking about them for Is future actors that is present actors for future problems or future expressions of the problems the the second one is We need more to Shiba chairs of the boards You are an amazing man, you're an amazing individual who from your position of such an important company of the world is integrating Sectors actors dynamics Technologies options and that is fantastic. You you have given me a lesson and I only think that We need more like you In the in the third I have to say the third is thank you to the Philippines For sharing with us the lessons that they have learned especially in this last year It has been a very difficult period for the Philippines But also a wonderful moment to demonstrate to us the rest of the world that you can do it that you can bring sectors together that Governance is absolutely important that the dynamics cannot be Improvised if there is not a Solid ground on which to build a response and the response to the crisis in in the Philippines has given us a fantastic lesson and and I hope we can Replicate that or imitate that dynamic in in our own sites of work. Thank you very much. You're not. Thank you very much Take Jinny Nami Thank you, Phillip. I Like to say thank you to the friends of Philippines This time I felt the energy and Hospitality of the Philippines a lot. That was a big big Impressive thing I experienced at this time. Thank you very much Not only the economic growth in this area Now what is my major take away? I found as a mr. Reddy mentioned This region has been transforming into the second stage of the economic growth But to make it successful definitely this region has to go through the assignment challenges and first of all I think how to deal with the fair distribution of wealth and and this leads to the Eventually emerging Middle-class emerging middle-class is a very important to have a sustainable growth of this region and definitely I believe This emerging middle class will play a key role To lead the this region to be sustainable in terms of economic growth That deals with the lots of social issues Education we discussed in the Equitable employment that is very important and the health care to the people People is asset. How do you let them feel we are you know having the equitable? Growth so I think health care is very important and I think I Think of this region should have the structural reform. I Think of this region needs more entrepreneurs To have more entrepreneurs definitely the government has to implement the structural reform so with the idea regulation and I Think a second the challenge that I would address is Geographical challenge. I mean issue whether you like or not this happens and To to sustain Peace and the solidarity. I mean that peace and stability definitely in this region Solidarity and Collaboration of ASEAN countries has become increasing more important. I found that in The third challenge of this region is how to deal with the natural disasters If because of the climate change, I think we have to be more Where are aware of it's it's the the resilience the resilience is very important But how to deal with the natural disasters is we have to collaborate Making use of our expertise. I mean our know-how our experience our technology to challenge this this I mean the natural disasters and Especially we want to bring in a more NPO energy to this region to tackle these issues. I am sure that This region and together with the rest of the world We'll be able to go through this these challenges and we'll be able to Have the sustainable growth but people is The the most important at that we have to think about Thank you for much for that Mr. Nishida I Would like to express a few words about my impression of the meeting and what I couldn't tell As my message during sessions because of time limitation Over two days this meeting has offered talented people mainly from East Asian countries and from many sectors of business government and academia the opportunity to discuss and debate and offer food for thought on the theme of Liberaging growth for equitable growth. I Am pretty fortunate Enough to have participated in several fascinating sessions With prominent opinion leaders such as the session of climate smart growth and on a range of topics a climate Resilient future and innovation among them As I mentioned in the session We have to prepare for natural disasters and reduce greenhouse gases by deploying concept of smart frugal city For future river rural cities soft power to Enlighten people as to the importance of the environment Could become of vital importance In addition to the hard power That provides cities with social infrastructure We live in an age of increasing social political and economic uncertainty in a global hyper-connected economy driven by exchanges of information Capital and human resources as a consequence the impact of natural disasters and economic crisis Can surpass over us at a faster more destructive pace than ever before to achieve sustainable development incessantly creating innovation and Continuously increasing productivity are and will remain vital Beyond this two new capabilities might be necessary detection and prevention of anticipated risk and quick judgment and the implementation of appropriate damage control in the event of the appearance of unanticipated risk along with the capability to recover from a crisis with agility and flexibility as if That were not enough Companies today must also successfully address the issue of sustainability In order for the entire world to enjoy long-term economic growth I think this meeting has allowed us to define some new directions and to develop new solutions for achieving sustainable and moreover Risk resilient East Asia. I'm sure that it has been a fruitful meeting that have that has provided us with some degree of enlightenment as to how the world can realize smart flu girl so Let me close On a positive note with confidence that The 23rd World Economic Forum on East Asia Provided great opportunities for leaders from industry academia and government to cooperate and Interact with each other as a human cloud a Vital network to stimulate the discussion and cultivate insight among participants and to further Achieve a resilient and the sustainable prosperity. Thank you. Thank you very much for that Mr. I.D The world GDP today is about 60 trillion dollars That's the amount of business that's being done a year over the next 30 years that GDP is going to be 250 trillion dollars and Wealth is about two to three times the GDP growth So that means there'll be another 500 to 700 trillion of new wealth to be created over the next 30 years And I think this is quite exciting because there are plenty of opportunities But I think what comes out During this forum is the whole issue of inclusiveness It is a big issue It is going to be very difficult. It is not easy We see all the indications In terms of the Gini ratio in some of the developing countries And in the last two to three years actually have deteriorated That reflects the gaps that we have income gaps wealth gaps Geographical gaps infrastructure gaps We have all those issues that are in front of us at the same time if you look at the sectoral Agriculture is huge in ASEAN and yet in this area you do not have the inclusiveness at the farmers level They're not there yet so You know you go on and on and on again unemployment, especially in the among the youth so On the one hand, we live in an exciting world. We all have this opportunity over the next 30 years Yet on the other hand the issue of inclusiveness. It's a real issue and May and danger all the progress that we have made so I think this forum has been successful in not in the sense that Specific actions might have been done because if that's the case it would have been very limited But changing the mindsets because actions is determined by belief system By value system by our thinking so together during this forum. I see that People are talking about it. So you cannot leave this forum without getting that impression that hey, you know You know, we really have an issue So I think the belief system must be changed So the belief system will determine what is of value that we must do together And I think we in it together if there's one take away is to go back and say that each one of us will do something Continue on with our with our with our business of of growing economies We do have tensions. We do have tensions in Asia today. We do have nationalism But each time when we see problems I tell my people that focus on the job that we are doing and it is a private sector That needs to rise up to get involved in education to get involved in health care at the at the core of all this would be Developing the human capital the human talent. So with that, I think I think we've achieved our our goal and On behalf of all the co-chair we want to thank you for for coming out here We hope that all of you will become very active in the future and the next time we meet a lot of actions That would have been done in your own companies in your own communities as well. Thank you So thank you, Mr Righty, so I think we saw the the whole broadband of all the issues we tried to raise in the two and a half Days this week and we start with solidarity with the people education health care agriculture geopolitical situation and Flexibility agility. So thank you very much for that. But maybe last question to the whole podium Do you miss something because you you you you mentioned that is and we realized the same while I will run up for this session That the issues change is very fast In terms of agility flexibility. So do you miss some issue? We could raise maybe the next region somewhat on this Asia Missing missing in terms of the discussion of this forum. Definitely. Yes. I don't think there is enough emphasis on the Recognizing the value of the natural capital on on which we depend and on which every single Production system depends on There is nothing from technology to food to any sort of good That doesn't depend on a natural resource and that is not being valued enough It is an externality that it's not considered Nor in the price nor in the Evaluation of the process of development and I do think that unless we get that right unless that capital is paired in terms of Importance in terms of value in terms of relevance of any development system We won't be able to tackle the problem at the root Mm-hmm Okay, so maybe next time much more about resources and the value of resources But I think we talked about in the question of agricultural food security, but not with this focus You mentioned but maybe for the next so we can have some takeaways for the organization. I'd love to see that great Okay, ladies matter because we are very short in time so as you know the the way to To improve the state of the world of the World Economic Forum is we tried to create some Community of interest that means interest on East Asia and I think in this question. We were very successful because we have had a similar successful world economic Forum on Africa two weeks ago and look only under social network activities It was very high because of all the events we have had in Africa But on the first day of this event. We were much stronger in all the social network activities than in Africa and Latin America together so that shows your engagement in the social network Particularly the younger generation you mentioned it here in other region the second is after having a community of interest To create a community of purpose that means we promise together that we want to commit We are committed to prove the state of East Asia So to motivate the people not only the participants, but the whole people at at the end and Mr. Righty said it to create a community of actions So that is my last call to you on Next Monday in your office That is not only a gathering of business leader public figure science and younger generation that is community to have some actions and So that is not the end of two and a half fruitful discussion and meeting That is the beginning of the next 12 months hard work on all the actions we committed in the last Two and a half days. So something missed as We know from your lander, but I have an idea what missed as well That is a huge Very huge. Thank you to our four Ambassadors for this year's World Economic Forum in East Asia. Thank you to our four co-chairs for an outstanding job. Well done Thank you. Thank you very much And now ladies and gentlemen, I can hand over to Sushant Sushant is as you know our head of East Asia in the World Economic Forum and you will now make the closing remarks for the World Economic Forum and let me say before That is his last World Economic Forum because he will leave the World Economic Forum So a big hand at the beginning for Sushant Sushant. It's your lecture and I never leave in spirit I will always be there your heart will stay Ladies and gentlemen, these have been three days of invigorating discussions developing action plans setting the priorities for making a difference and We've been serving our commitment to improve the state of the world and I would like to describe our sense of purpose here in one short quote of Harold Kushner What cannot be achieved in one lifetime will happen when one lifetime is joined together This year's East Asia meeting reflected the many connections we have But also the many connections we need to create stronger communities of purpose To ensure that there is economic growth with a purpose for a future of equitable progress as They say in the Philippines. They don't only say that it's more fun in the Philippines They also say and I hope you will forgive my Tagalog pronunciation Valang Mahiratna Gawapa Dinansa Thiaga Nothing is hard to do if you pursue it with through perseverance and the success of this year's meeting is because of a lot of hard work and perseverance and That's why it's the moment for me to extend a very strong vote of thanks to All of the speakers in the program The government of the Philippines in particular the office of president Aquino Secretary Purissima secretary Domingo and your respective departments Undersecretary and treasurer de Leon I'd also like to recognize all of my colleagues for the hard work and commitment You have shown after an intense diverse from the run-up to this meeting and in particular two people if I may a Joach who is a Gentleman and diplomat by every definition and to Clara whose heart can't be more golden Than it is I'd also like to thank our partners at publicist live and the very gracious stuff of the Shangri-La hotel here So now I'd like to wish you all a very safe journey home And we are looking very much forward to seeing you all next year at the 2015 World Economic Forum on East Asia in Indonesia. Thank you