The APEC Business Advisory Council (ABAC) was created by the APEC Economic Leaders in November 1995 to provide advice on the implementation of the APEC agenda and on specific business sector priorities.
Its members are appointed by their respective Leaders, and represent a range of business sectors, including small and medium enterprises.
ABAC members meet every quarter and hold a yearly dialogue with APEC Economic Leaders to present their recommendations.
ABAC's recommendations, expertise, and perspective have been essential tools for the advancement of many key APEC initiatives and proposals such as the APEC Business Travel Card (ABTC), the Free Trade Area of the Asia-Pacific (FTAAP), the Supply Chain Connectivity Framework, the Policy Partnership on Food Security (PPFS), the Asia-Pacific Infrastructure Partnership (APIP), among others.
First ABAC Meeting (Hong Kong, China, 27-30 January 2015)
During its first meeting of 2015, ABAC adopted their work program and priorities under the theme “Resilient, Inclusive Growth: A Fair Deal for All”. (News release
The 2015 work program builds on the achievements of the past years by focusing on the following priorities:
1. Accelerating regional economic integration and services agenda;
2. Strengthening and facilitating small, medium and micro enterprises entry into global markets;
3. Maximizing innovation and human capital potential
4. Promoting livable, sustainable cities and resilient communities.
During the first meeting, ABAC Members and APEC Senior Officials held a dialogue which focused on two main topics: “How to achieve Inclusive Growth” and the “New Services Agenda”. Additionally, ABAC discussed a wide range of issues, such as ABAC’s collaboration in the FTAAP Collective Strategic Study, how to help to build capacities and strengthen APEC's financial system, how to support APEC’s connectivity blueprint, as well as the agenda of its five working groups (Regional Economic Integration Working Group / Finance and Economic Working Group / Connectivity Working Group / Small Medium Micro Enterprises & Entrepreneurship Working Group / Sustainable Development Working Group).
Juan RAFFO (Mr)
Honorary Chairman – Raffo Group
Mariscal La Mar 991 (Ex Ugarte y Moscoso), 7th floor, Magdalena, Lima 17, Peru
Jessica LUNA (Mrs)
Bartolome Herrera 254, Miraflores, Lima 18, Peru
Antonio Basilio (Mr)
32/F. Zuellig Building
Makati Avenue Corner Paseo de Roxas
Makati City, 1225 Philippines
Alvaro Castro Espinosa (Mr)