The recommendations cover regional economic integration, sustainable development, entrepreneurship and small and medium businesses, economic and banking forum, and industry dialogues within the framework of scientific innovation.
The ABAC recommended accelerating trade and investment liberalization, pursuing new agendas in the services field and enhancing supply chain connectivity for goods and services in the region through regional economic integration,.
The recommendation on sustainable development included food, energy and water supply security, infrastructure development and investment, transparency and efficiency in the procurement of government goods and services, and the dissemination of technology and innovation.
In the small and medium businesses segment, ABAC expressed hope that the APEC economic entities would support the creation of a new business model, ensure business continuity, facilitate the use of information technology, encourage meetings of small and medium entrepreneurs, promote the participation of women and youth in the business sector and impose a business code of ethics on small and medium entrepreneurs.
In the financial and macroeconomic field, ABAC called for the immediate formation of an Asia-Pacific Financial Forum, financial integration, private, public partnership and infrastructure financing, and financial solutions for financial inclusion.
ABAC also expressed the hope that industry dialogue would encourage APEC Scientific Innovation and dialogues on APEC Chemicals.
Established in 1995, ABAC represents the interests of businesses attending APEC. ABAC is composed of up to three members from each of the 21 member economies, with business representatives appointed by APEC Leaders. The annual APEC CEO Summit and regular Industry dialogues also provide opportunities for regional business leaders to interact with APEC leaders and address key issues affecting businesses in the region.
Reporting by Panji Pratama
(S012/INE)
EDITED BY INE
(KR-BSR/F001)
Editor: Jafar M Sidik
Copyright © ANTARA 2013
