ASEAN Business Advisory Council (ABAC) 2024
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.
Our Vision
Being the APEX private sector body of ASEAN
Our Mission
Take the lead
Harness
Implement
Assist relevant ASEAN bodies
Assist
ASEAN Business Advisory Council (ASEAN BAC) Brunei Darussalam is part of the larger ASEAN BAC, which comprises high-level CEOs of companies from each ASEAN member country. Each member country is represented by three members, with one representing the interests of small and medium-sized enterprises (SMEs). These members are appointed by their respective governments to provide private sector input and feedback to ASEAN governments, helping to drive economic growth, entrepreneurship, and innovation in the region.
Government focal points, at the Ministerial level, have been assigned to assist ASEAN BAC in fulfilling its mandate. These focal points work closely with ASEAN BAC members to ensure alignment and cooperation between the public and private sectors.
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. This engagement ensures that all stakeholders have a full understanding, acceptance, and ownership of the ASEAN integration process, fostering collaboration and partnership between the public and private sectors.
Council Member's Profile
