November 8, 2019
On November 7, 2019, the Japanese members of the APEC Business Advisory Council (ABAC) visited Japanese Prime Minister Shinzo Abe and directly handed him the ABAC 2019 Report to APEC Economic Leaders.
The Ministry of Economy, Trade and Industry (METI) will further advance efforts regarding the issues pointed out 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 ABAC Report to APEC Economic Leaders and holds dialogues between leaders and ABAC members. ABAC consists of representatives of the business communities of 21 APEC countries and regions. From Japan, three members and one alternate member are appointed by the Prime Minister.
The Japanese members of ABAC visited Prime Minister Abe and directly handed him the compiled 2019 report.
[Key points of this year's report (refer to the Appendix of the news release from ABAC Japan)]
- Regional economic integration (supporting the multilateral trading system (the need for WTO reform) and accelerating efforts for achieving the Free Trade Area of the Asia-Pacific (FTAAP), etc.)
- Digitalization and innovation (promoting initiatives for ensuring privacy and security with the aim of facilitating Data Free Flow with Trust)
- Sustainable development (promoting initiatives for addressing climate change and securing food supply)
METI will steadily work for resolving significant issues pointed out in the report through such occasions as the APEC meetings.
Division in Charge
APEC Office, Trade Policy Bureau