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APEC Business Advisory Council
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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
  • Contacts
  • Events

The APEC Business Advisory Council contributed significantly to advance important APEC initiatives in 2013, such as the completion of a detailed roadmap towards regional food security, drawn by the newly-created APEC Policy Partnership for Food Security (PPFS) and the ministerial enĀ­dorsement of the Asia Pacific Financial Forum (APFF), a regional platform for multi-stakeholder collaboration to help accelerate the development of inteĀ­grated financial markets.

 In its 2013 Letter and Report to Leaders, ABAC called on APEC to continue working on a more ambitious agenda on trade, investment and services liberalization. ABAC also highlighted the need for major infrastructure investment across APEC to secure economic growth and regional integration and developed an infrastructure investment checklist designed to help governments determine the extent to which their economies facilitate infrastructure investment. To facilitate smoother trading of goods, ABAC provided key recommendations to improve regulatory coherence such as domestic regulatory reforms, and urged APEC to adopt global product data standards to address supply chain connectivity and complexity challenges noted in the region.

Recent Developments:

Fourth ABAC Meeting

During its fourth meeting in Beijing, China on 5-8 November 2014, ABAC members were briefed by Ambassador Laura del Rosario, the Philippines Senior Official, on the themes and priorities for 2015. Additionally, Ms Doris Ho presented the themes and priorities for ABAC 2015. The proposed theme for ABAC 2015 is “Resilient, Inclusive Growth: A Fair Deal for All”. The proposed priorities are: 1) Advancing the 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.

ABAC Members also finalized the preparations for the ABAC Dialogue with APEC Leaders on 10 November 2014. At the Dialogue with Leaders, ABAC member presented a Report to APEC Economic Leaders entitled “Building Asia-Pacific Community: Mapping Long-Term Prosperity”, which contains more than 90 recommendations on regional economic integration; infrastructure and connectivity; small, medium and micro-enterprises and entrepreneurship; sustainable development; finance and economics, among other topics. (News Release).

Third ABAC Meeting

The third ABAC meeting in Seattle, USA on 7-10 July was preceded by the 2nd Asia-Pacific Financial Forum (APFF) Symposium on 7 July which was organized around the theme "Building Integrated Financial Systems to Support the Growth of APEC’s Real Economy."

During the third ABAC meetings, members reviewed and approved the text for the Draft ABAC Letter and Report to APEC Economic Leaders. ABAC urged APEC to intensify work to realize the Free Trade Area of the Asia-Pacific (FTAAP) and called for a roadmap to achieve this goal.

An APEC China CEO Forum followed on 10-11 July. The Forum sought to promote business and economic communications between Chinese business leaders, officials and other stakeholders in China. (News Release)

Second ABAC Meeting

From 4-7 May, ABAC held its second meeting of the year in Santiago de Chile. During the plenary, ABAC members heard an analysis of the regional economic outlook, how APEC can help the World Trade Organization reduce trade barriers and identified pathways to a Free Trade Area of the Asia-Pacific to improve market access and export growth.

As part of the meetings, Chilean President Michelle Bachelet addressed ABAC members under the theme "The Pacific-Atlantic Dialogue and the Trade & Investment Opportunities in Latin America." (News Release)

First ABAC Meeting

During its first meeting of the year in Auckland, New Zealand on 11-14 February, ABAC adopted its Work Plan for 2014, which identified regional economic integration as the overarching framework. In 2014, the work of ABAC will focus on strengthening connectivity and infrastructure development in addition to promoting realization of a Free Trade Area of the Asia-Pacific (FTAAP).(News Release)

For more information on ABAC's work: https://www.abaconline.org

ABAC meetings in 2015:

 

First ABAC Meeting

 

27 - 30 January 2015

 

Hong Kong, China

 

 

Second ABAC Meeting

 

20 - 23 April 2015

 

Mexico City, Mexico

 

Third ABAC Meeting

 

10 - 13 August 2015

 

Melbourne, Australia

 

 

Fourth ABAC Meeting

 

12 – 15 November 2015

 

Manila, the Philippines

 

Doris MAGSAYSAY (Ms)
ABAC Chair
President & CEO A. Magsaysay Inc.
Magsaysay Building, 520 T.M. Kalaw Street, Manila 1000 Philippines
Tel: +632 521 0660
Fax: +632 522 2568
Email:
Catherine MACEDA (Ms)
ABAC Executive Director
AIM Conference Centre Benavides Street, Legaspi Village Makati City 1260 Philippines
Tel: +(632) 720 2100 loc. 2606
Email:
Antonio BASILIO (Mr)
ABAC Secretariat
Director
32/F. Zuellig Building
Makati Avenue Corner Paseo de Roxas
Makati City, 1225 Philippines
Tel: +63 2 843 6536
+63 2 845 4564
Fax: +63 2 845 4832
Email:
Alvaro CASTRO ESPINOSA (Mr)
Program Director
APEC Secretariat
Email:
TBC - Nov APEC Business Advisory Council 4 Manila, Philippines
10 - 13 Aug 2015 Third APEC Business Advisory Council (ABAC) Meeting Melbourne, Australia
20 - 23 Apr 2015 Second APEC Business Advisory Council (ABAC) Meeting Mexico City, Mexico
27 - 30 Jan 2015 First APEC Business Advisory Council (ABAC) Meeting Hong Kong, China