Commerce is the lifeblood of the region and business is the engine of economic growth.

Recognising the integral role of business and the value of representative business advice on key issues, APEC Leaders established the APEC Business Advisory Council (ABAC) in 1995.

This private sector body presents recommendations to APEC Leaders in an annual dialogue and advises APEC officials on business sector priorities and concerns. ABAC meets four times per year, and ABAC representatives also attend Senior Officials' Meetings, the Annual Ministerial Meeting and the sectoral Ministerial Meetings.

ABAC comprises up to three senior business people from each APEC economy and the appointments are made by the Leader of the member economy concerned. The Chair of ABAC comes from the economy that is hosting APEC and therefore changes annually. ABAC represents a diverse range of sectors and includes small and large enterprises.

Achievements

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.

Recent Developments:

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).

Contacts

Juan RAFFO (Mr)
Honorary Chairman – Raffo Group
Mariscal La Mar 991 (Ex Ugarte y Moscoso), 7th floor, Magdalena, Lima 17, Peru
Email: abac2016chair@comexperu.org.pe
Jessica LUNA (Mrs)
Bartolome Herrera 254, Miraflores, Lima 18, Peru
Email: jluna@comexperu.org.pe
Antonio Basilio (Mr)
Director
32/F. Zuellig Building Makati Avenue Corner Paseo de Roxas Makati City, 1225 Philippines
Email: abacsec@pfgc.ph
Alvaro Castro Espinosa (Mr)
Email: ace@apec.org

News

APEC, Business Cultivate Climate Change-Proof Agriculture
Next Generation Policy to Counter Economic Headwinds
ABAC Urges APEC To Prioritize Structural Reform To Maintain Economic Growth Momentum
APEC Meets Business; Invites Private Sector Input
ABAC to Encourage Digital Revolution in APEC for Businesses Large and Small
ABAC Endorses Cebu Action Plan to Modernize APEC's Financial Markets
ABAC Calls for Access for All to Business Opportunities
Asia-Pacific Business Leaders Push for Inclusive Growth
Asia Pacific Business Leaders to Urge APEC to Intensify Work to Realize the FTAAP
Asia-Pacific business leaders urge APEC to accelerate the process for achieving a Free Trade Area in the Asia-Pacific region
Bachelet: Chile a port and bridge between Latin America and Asia-Pacific
Slower growth compels further economic reform: APEC business advisors
Asia-Pacific Business Leaders To Urge APEC Economies to Adapt to New Business Realities in Promoting Regional Economic Integration
Opening the services sector offers big gains, say APEC officials
Private sector inputs help to guide APEC’s initiatives: Teo
Renewed action for a resilient Asia-Pacific: business council chair
APEC business leaders urge greater economic integration through partnering towards a Free Trade Area of the Asia-Pacific
APEC needs a comprehensive approach to promote economic recovery, Viet Nam’s President Truong says in meeting with business leaders
APEC business leaders call for collaborative policies to sustain trade and economic growth
APEC business leaders call for engagement in initiatives leading to FTAAP
Together We Stand: APEC Business Leaders Urge Greater Government Collaboration to Address Economic Woes
APEC business leaders seek to boost commerce, support economic growth, job creation

Events

14 Nov 2016 APEC Business Advisory Council (ABAC) 4 Lima, Peru
01 Aug 2016 APEC Business Advisory Council (ABAC) 3 Shenzhen, China
25 Apr 2016 APEC Business Advisory Council (ABAC) 2 Port Moresby, Papua New Guinea
24 Feb 2016 APEC Business Advisory Council (ABAC) 1 San Francisco, United States