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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

Recent Developments:

The APEC Business Advisory Council met for the fourth time in Bali, Indonesia on 2-5 September 2013. The Council endorsed:

  • A letter to the APEC Chair, President Susilo Bambang Yudhoyono, to urge APEC Leaders to take the lead in garnering global support for achieving a limited but nonetheless valuable package of deliverables at the 9th WTO Ministerial Conference.
  • A letter to the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) to express concerns about the impacts of the Proposed Accounting Standards Update (Revised), Leases (ASC Topic 842) on small and medium enterprises(SMEs), as this is a focus area for the Inclusive Growth initiatives, one of the pillars of APEC’s growth strategy.
  • A fund of US$10,000 for a research on Development of an APEC Framework for Small, Medium and Micro-Enterprise (SMME) Financing.

China took over as Chair of ABAC in 2014 and outlined the ABAC 2014 theme “Building Asia Pacific Community, Mapping Long-Term Prosperity," under which there will be four priorities:

  • Accelerating Regional Economic Integration
  • Championing Sustainable Development
  • Supporting Small, Medium, and Micro-Enterprises (SMME) & Fostering Entrepreneurship
  • Strengthening Infrastructure and Connectivity


The Council also endorsed the restructuration of five Working Groups and their priorities are as follows:


The Regional Economic Integration Working Group (REIWG) will focus on:

  • Support for WTO and Anti-Protectionism
  • Enabling the Free Trade Area of the Asia-Pacific (FTAAP)
  • New Services Agenda
  • Investment Liberalization and Facilitation


The Sustainable Development Working Group (SDWG) will focus on:

  • Food Security
  • Energy Security and New Energy
  • Green Growth and the Environmental Goods List (EGS)
  • Health and Sustainable Economic Growth


The Finance and Economic Working Group (FEWG) will focus on:

  • Macro-Economic Overview and G-20 Developments
  • Regional Financial System Integration and the Asia Pacific Financial Forum (APFF)
  • Enhancing FDI and Long-Term Savings in Infrastructure
  • Meet the Challenges of Urbanization in the Asia-Pacific Region


The Small, Medium and Micro-Enterprise & Entrepreneurship Working Group (SMMEEWG) will focus on:

  • Small, Medium & Micro-Enterprise (SMME) Access to Finance
  • Internationalization of SMMEs
  • Women & Economy
  • Innovative Growth


The Infrastructure and Connectivity Working Group (ICWG) will focus on:

  • Accelerating Infrastructure Development
  • Facilitating Infrastructure Financing
  • Enhancing Capacity Building for Regional Connectivity
  • Building Effective Global Value Chains


ABAC meetings:

  • The first ABAC Meeting was held on 20-23 January 2013 in Manila, the Philippines (ABAC News Release)
  • The second ABAC Meeting was held on 3-6 April  2013 in Singapore (ABAC News Release)
  • The third ABAC Meeting was held on 8-11 July 2013 in Japan (ABAC News Release)
  • The fourth ABAC Meeting was held on 2-5 October 2013 in Bali, Indonesia

 

Wishnu WARDHANA (Mr)
ABAC Chair
Vice President Director
PT. Indika Energy Tbk.
Mitra Building, 11th Floor
Jl. Jenderal Gatot Subroto Kav 21
Jakarta 12930
Tel: (62 21) 2557 9888 ext 8014
Fax: (62 21) 522 0067
Email:
Amin SUBEKTI (Mr)
ABAC Executive Director
Senior Vice President
PT. Indika Energy Tbk.
Mitra Building, 2nd floor
Jl. Jenderal Gatot Subroto Kav. 21
Jakarta 12930 Indonesia
Tel: +(62 21) 2557 9888
Fax: +(62 21) 2557 9889
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:
Thanawat SIRIKUL (Mr)
Program Director
APEC Secretariat
Email: