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History and Mission of ABAC
The APEC Business Advisory Council (ABAC) was created in 1995 to provide comment and advice in response to requests for input by various APEC bodies about business-related issues and to provide a business perspective on specific issues of regional policy concern. Input can be triggered in response to requests from APEC bodies, or directly from the business community, reflecting pressing issues or concerns among businesses in the region.
By convention, ABAC comprises up to three business members from each of the 21 APEC economies, and meets four times a year, culminating in a direct dialogue with APEC leaders at their annual Leaders’ Meeting, normally held in November.
On the basis of discussion at these ABAC meetings, ABAC members advise APEC officials on business sector priorities and concerns. ABAC representatives also participate in Senior APEC Officials' Meetings, the Annual APEC Ministerial Meeting, sectoral Ministerial Meetings, and a wide range of APEC Working Groups, Workshops, Expert Groups, Dialogues, etc.
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