APEC Business Advisory Council (ABAC)

The APEC Business Advisory Council (ABAC) is a group formed within the Asia-Pacific Economic Cooperation (APEC) framework, consisting of business leaders from member economies. Its primary role is to provide advice and recommendations to APEC leaders on how to enhance economic growth and improve the business environment in the region. ABAC focuses on issues like trade, investment, and economic cooperation, aiming to foster greater collaboration among businesses across the Asia-Pacific. By representing the private sector’s views, ABAC helps ensure that the needs and challenges of businesses are considered in policy-making.