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.


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).


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)


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Asia-Pacific Business Leaders To Urge APEC Economies to Adapt to New Business Realities in Promoting Regional Economic Integration
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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