About ABAC

The APEC Business Advisory Council is unique in being an official component of APEC. It was established in 1996 by APEC Leaders for the purpose of providing private sector input into the APEC process. There ABAC consists 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. It meets face-to-face with APEC Leaders during the annual APEC summit to discuss issues of concern to the private sector. ABAC also meets quarterly 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. ABAC's 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.

Under the leadership of President Obama, the U.S. government has appointed Deborah Henretta, Group President, Asia, Procter & Gamble, D. Nick Reilly, Group Vice President, General Motors, President, GM Asia Pacific and Executive Vice President of Global Government Affairs and Public Policy, JPMorgan Chase and Co. to represent the United States on the ABAC.