National Center for APEC

THE VOICE OF U.S. BUSINESS IN THE ASIA PACIFIC

ABAC EVENTS

  • No events listed

View full calendar

ABAC 2013 Report to APEC Economic Leaders

ABAC 2012 Report

ABAC 2013 Report to APEC Economic Leaders: Partnership, Resilience and Building Bridges to Growth

The ABAC 2013 theme was Partnership, Resilience and Building Bridges to Growth. The 2013 work program built on the achievements of previous years by continuing to focus on regional economic integration, SMME and entrepreneurship and sustainable growth, with particular emphasis on the key areas of infrastructure investment, stable financial markets and sustainable development.


Complete list of NCAPEC publications

ABOUT ABAC

  • ABAC Members at 2013 ABAC IV

    ABAC Members at the 2013 ABAC IV meeting in Bali, Indonesia.

Much of APEC's success is derived from its unique commitment to incorporating private sector input in its policy process. The APEC Business Advisory Council (ABAC) is a unique feature of APEC that allows the government to seek business input and expertise and to coordinate with government policymakers to produce outcomes that are directly meaningful and relevant to the real needs of companies seeking to trade in the region.

ABAC was established in 1996. It is comprised of up to three businesspersons from each APEC member economy who are appointed to serve on the Council by the Leaders of their respective economies. ABAC Members represent a range of business sectors, including small and medium enterprises. The council meets on a quarterly basis to assess the regional business climate and develop specific input to APEC officials at the ministerial and working group levels on how "doing business" can be made easier. The Council also meets face-to-face with APEC Leaders during the annual APEC summit to discuss issues of concern to the private sector. ABAC compiles these recommendations in an annual Report to Leaders which is presented to APEC Leaders prior to their annual summit in the fall of each year. ABAC reports and studies can be found on the website of ABAC's Manila-based secretariat: www.abaconline.org, and also in the reports section of our website.

Under the leadership of President Obama, the U.S. government has appointed Bart Peterson,
Senior Vice President, Corporate Affairs and Communications at Eli Lilly and Company, Edward J. Rapp, Group President at Caterpillar Inc. and Peggy Johnson, Executive Vice President, Business Development, Microsoft (see their biographies here).

ABAC Working Groups

The REIWG works on a range of issues on the trade agenda with the ultimate goal of establishing a Free Trade Area in Asia Pacific (FTAAP). Focus is given to supporting APEC's trade & investment agenda, identifying and defining next generation building blocks for 21st century trade agreements such as the Trans Pacific Partnership, and making recommendations on regulatory coherence as well as value chain and supply chain choke points. The REIWG also addresses security issues, business mobility, and tracks the global trade agenda including progress on in the WTO.
The FEWG focuses on increasing financing for small and medium enterprises, developing capital markets in Asia, and setting out a framework of standards for strong domestic financial systems to help economies sustain the momentum necessary to effect necessary reforms. This group has also traditionally supported existing and potential skills-building programs for the financial sector.
The SDWG focuses primarily on building a strong foundation within APEC economies to promote energy security and address the impact of climate change. The SDWG also looks at ways to improve food security in the region through technology sharing, rural development initiatives, trade facilitation, and an increased focus on public-private partnerships.
The SMMEEWG works towards creating an environment that facilitates creation, growth and sustainability of SMMEs. The SMMEEWG has a holistic agenda that promotes policies that support SMME start-up and sustainability, facilitate their economic inclusion and internationalization, and ultimately build long term capacity for SMME success so that they may ultimately grow to become large enterprises. The SMMEEWG has also focused on increased economic inclusion, particularly among women entrepreneurs.
The IDWG was established in 2012. It will focus on strengthening transportation and supply chains, improving disaster preparedness, promoting investment in green development such as eco-cities, and enhancing public private partnership.
The APAWG liaises with APEC and supporting organizations/Ministerials to galvanize the ABAC working group recommendations. The Group also makes recommendations on how ABAC can be strengthened as an institution, and promotes awareness of the Council.

ABAC USA Secretariat

The National Center for APEC serves as the Secretariat for the three US ABAC members. In that capacity, NCAPEC prepares briefing materials, staffs ABAC meetings, and conducts an annual Executive Roundtable with senior US business representatives to provide input to the ABAC members. NCAPEC also coordinates the State Department's annual APEC CEO Roundtable, where US CEOs meet with the Secretaries of State, Treasury, and Commerce, as well as the USTR and the director of the NEC to discuss US involvement in APEC. The National Center for APEC also coordinates with the US ABAC members and their counterparts around the region to ensure that US ABAC participation flows smoothly.

MEMBERS of the NATIONAL CENTER FOR APEC