November 8, 2018
On November 2018, the Japanese members of the APEC Business Advisory Council (ABAC) visited Japanese Prime Minister Shinzo Abe and directly handed him the ABAC 2018 Report to APEC Economic Leaders.
Collaborating with related ministries and agencies, the Ministry of Economy, Trade and Industry (METI) will endeavor to further advance efforts toward liberalization and enhancement of trade and investment in light of the proposal described in the report.
ABAC is APEC’s official advisory council, established in 1996. Representing the business sectors of the Asia-Pacific region, it annually releases the report to leaders.
The report was handed directly to Prime Minister Abe on November 8, 2018. The key points of this year’s report follow (refer to the Appendix of the news release from ABAC Japan):
- Regional economic integration (steadfastly maintaining the rule-based, free and fair multilateral trading system, implementation of agreements under the Free Trade Area of the Asia-Pacific (FTAAP). etc.)
- Sustainable development (enhancement of investment for quality energy infrastructures)
- Digital innovation (promotion of distribution of free and safe data and information, ensuring personal information protection and cyber resilience, etc.)
Taking opportunities of international meetings such as APEC’s, METI will endeavor to further advance efforts toward liberalization and enhancement of trade and investment in light of the proposal described in the report.
Division in Charge
APEC Office, Trade Policy Bureau