The Australian APEC Study Centre was appointed by the Department of Foreign Affairs and Trade as the Secretariat for Australian members of the APEC Business Advisory Council in June 2013.
The APEC Business Advisory Council (ABAC) is a leading regional forum for public-private sector collaboration on policy issues of importance to the Asia-Pacific region.
ABAC provides a platform for business to provide advice and input into the Asia-Pacific Economic Corporation (APEC) policy-making process which focuses on regional economic and financial market integration, trade and investment liberalisation, infrastructure development, supply chain connectivity and other issues.
ABAC membership comprises of up to three business leaders from each APEC economy with members appointed by the Leaders of each economy. ABAC members meet four times a year and represent a wide range of business sectors, including large corporations and small to medium enterprises.
ABAC has five working groups:
- Regional Economic Integration Working Group (REIWG)
- Sustainable Development Working Group (SDWG)
- SMME & Entrepreneurship Working Group (SMMEEWG)
- Finance & Economics Working Group (FEWG)
- Connectivity Working Group (CWG)
The Centre provides support and advice for the Australian members drawing on its experience as a leading policy centre in the Asia-Pacific region and its links with Australian government and international agencies. The lead staffer of the Australian Secretariat is Lisa Barker.