Home
News Releases
Back Issues
November FY2024
Prime Minister Ishiba and Minister Muto Receive the ABAC 2024 Report to APEC Economic Leaders

Prime Minister Ishiba and Minister Muto Receive the ABAC 2024 Report to APEC Economic Leaders

November 6, 2024

The Japanese members of the APEC Business Advisory Council (ABAC) visited Mr. Muto Yoji, Minister of Economy, Trade and Industry, on Wednesday, October 30, 2024, and Mr. Ishiba Shigeru, Prime Minister, on Tuesday, November 5, 2024, and hand delivered to each of them the ABAC 2024 Report to APEC Economic Leaders. Japan will make further efforts regarding the issues highlighted in the report, together with other APEC members.

ABAC is APEC's official private-sector advisory entity, established in 1996. Representing business sectors in the Asia-Pacific region, it annually releases the ABAC Report to APEC Economic Leaders. ABAC members consist of representatives of the business sectors of the 21 APEC member economies and are appointed by respective leaders. From Japan, three members and two alternate members are appointed by the prime minister, and they have been making active contributions to ABAC activities.

In response to the preparation of ABAC’s 2024 Report to APEC Economic Leaders, the Japanese ABAC members visited Minister Muto and Prime Minister Ishiba, on October 30 and November 5, 2024, respectively, and hand delivered the ABAC 2024 Report to each of them.

Key points of the ABAC 2024 Report (for details, see the ABAC Japan press release below)

Regional economic integration

Building the Free Trade Area of the Asia-Pacific (FTAAP)
Showing support for the strong and relevant World Trade Organization (WTO)
Accelerating the transition to paperless trade

Human development

Ensuring women’s access to the green economy
Facilitating data sharing in digital health
Mobilizing pension funds for growth

Sustainability

Promoting just, ambitious and realistic energy transitions
Promoting interoperable voluntary carbon markets (VCMs)
Introducing new private fund-raising methods to support the energy transition in emerging countries