ASEAN Business Advisory Council (ABAC) 2021
Established by the ASEAN Heads of State and Government (HOSGs) at the 7th ASEAN Summit in November 2001 in Bandar Seri Begawan, Brunei Darussalam.
The ASEAN Business Advisory Council (ASEAN-BAC) was established by the ASEAN Heads of State and Government (HOSGs) at the 7th ASEAN Summit in November 2001 in Bandar Seri Begawan, Brunei Darussalam. Launched in April 2003, ASEAN-BAC was set up with the mandate to provide private sector feedback and guidance to boost ASEAN’s efforts towards economic integration.
Aside from providing private sector feedback on the implementation of ASEAN economic cooperation, the Council also identifies priority areas for consideration of the ASEAN Leaders. Accordingly, ASEAN-BAC’s activities are primarily focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration and undertaking programs and projects in support of the AEC Strategic Blueprint 2025.
Being the APEX private sector body of ASEAN
Take the lead
Assist relevant ASEAN bodies
ASEAN BAC members are appointed by their respective Governments comprising high-level CEOs of companies from each member country and represented by 3 members per member country, with one representing the interest of small and medium-sized enterprises. Government focal points, at the Ministerial level, have been assigned to assist ASEAN BAC to fulfill its mandate.
In carrying out its objectives, ASEAN BAC holds regular meetings across ASEAN countries and engages in various ASEAN level forums to meet with government and private sector representatives so that all stakeholders concerned have the full understanding, acceptance, and ownership of the ASEAN integration process.