New Zealand businesses play a part in the APEC process. Feedback from businesses on trade issues helps to have these issues addressed through APEC and other channels.
The APEC Business Advisory Council (ABAC) provides a link between APEC and the business community. Each year ABAC prepares a report for Leaders recording key issues of importance/concern to them. This culminates in a dialogue between Leaders and ABAC at the annual Leaders meeting.
The APEC Business Advisory Council (ABAC) is a voice for New Zealand business in APEC. The New Zealand International Business forum (NZIBF) will now be responsible for supporting New Zealand's involvement in ABAC.
Each of the 21 economies in APEC has three members in ABAC. It is their job to ensure that the views of business are clearly heard by the Leaders and Ministers of the APEC economies. This is all the more important in the current economic crisis.
The Asia New Zealand Foundation has supported New Zealand's ABAC members since 1999, when New Zealand hosted APEC. Most recently this work has been headed by Brian Lynch. Ministers have expressed their appreciation to the Foundation for the excellent work the Foundation and Mr Lynch have done in supporting ABAC. The Foundation will continue to assist New Zealand business people to explore commercial opportunities in Asia through its Action Asia Business programmes.
The ABAC members will now be assisted by the New Zealand International Business Forum, an organisation which supports New Zealand business in providing trade policy advice to the New Zealand Government. The work that ABAC does will reinforce the NZIBF's other work on trade policy issues and, by bringing the two together, will provide an even stronger government and business connection in this area. This work will now be headed by NZIBF Executive Director Stephen Jacobi.
New Zealand's representatives on ABAC are Tony Nowell and Gary Judd. One New Zealand ABAC position is vacant at this time.
For any further information, contact our Asia Regional Division: email@example.com.