Current ABAC Priorities


The 2017 ABAC work Theme: Creating New Dynamism, Fostering Shared Future

 


Vietnam took over Peru as Chair of ABAC in 2017 and outlined the ABAC 2017 theme: Creating New Dynamism, Fostering Shared Future.

 

The priorities for 2015 are:

  • Deepening regional economic integration

  • Achieving sustainable, innovative and inclusive growth

  • Enhancing MSMEs' competitiveness and encouraging innovation in the digital era

  • Enhancing food security and promoting sustainable and climate smart agriculture


Work focus of the ABAC Working Groups

ABAC’s Working Groups (WGs) have also been restructured. The Infrastructure and Connectivity Group has been renamed as  Connectivity Group, reflecting ABAC's effort to push people-to-people connectivity, physical connectivity and institutional connectivity. Other WGs remain unchanged. Priorities for each Working Group in the year 2017 has been re-defined as follows:
 

Working Group

Focus work areas in 2017

Regional Economic Integration Working Group (REIWG)

  • Supporting the WTO and preventing protectionism
  • Enabling a Free Trade Area of the Asia-Pacific (FTAAP)
  • Accelerating trade and investment liberalization and facilitation to achieve the Bogor Goals: Non-tariff measures, investment facilitation and cooperation
  • Strengthening the services agenda

 

SMME and Entrepreneurship Working Group (SMEEWG)

  • Creating a favorable business enviroment that stimulates innovation, fosters entrepreneurship and promotes good corporate governance
  • Facilitating MSME access to international markets and global value chains
  • Promoting human development in the digital era
  • Strengthening the participation of women in the economy

Sustainable Development Working Group (SDWG)

  • Promoting APEC parnership in climate smart food security: facilitating trade in agro-fishery
  • Ensuring the sustainable management of natural resources: promoting the development of the mining sector
  • Building an inclusive, sustainable community: developing sustainable rural areas and expediting urban infrastructure development
  • Achieving energy security and sustainablility
  • Promoting a healthy and productive workforce

Finance and Economics Working Group (FEWG)

  • Promoting the development and integration of capital markets and strengthening financial market infrastructure
  • Encouraging financial innovation
  • Stimulating public and private investment for infrastructure and shaping pension and insurance development
  • Enhancing MSME access to finance

Connectivity Working Group (SDWG)

  • Facilitating institutional connectivity: digital connectivity, structural reform, good regulatory practices, rule of law, developing global value chains and enhancing supply chain performance (including through the use of Global Data Standards)
  • Promoting people-to-people connectivity: business mobility and skills mobility
  • Enhancing physical connectivity: accelerating infrastructure development and enhancing maritime and air connectivity

 

Expected work outcomes

ABAC’s recommendations will be conveyed to APEC governments through a range of avenues including to APEC Senior Officials; Trade, SME, and Finance Ministers; and directly to APEC Economic Leaders at the annual ABAC Dialogue with APEC Leaders. They will also be conveyed by individual ABAC members to leaders in their own home governments.

 

 

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