Asia Pacific Economic Cooperation (APEC) brings together 21 diverse economies to share knowledge, best-practice and capacity building.  APEC is a voluntary and non-binding inter-governmental forum. Cooperation and collaboration are central to the way APEC works. The APEC Secretariat is located in Singapore.

The APEC Business Advisory Council (ABAC) was created by APEC Economic Leaders in 1995 to be the business voice in APEC.  Each economy has three Members who are appointed by their respective Leaders. They normally meet four times a year to prepare their Report to the Leaders which is then discussed in a Dialogue that is a key event during the annual APEC Economic Leaders’ Meeting. The ABAC Secretariat is located in Manila.

Read our useful backgrounder on APEC and ABAC here.

 

APEC member economies are vital economic partners for New Zealand, normally taking around 73 percent of our exports and accounting for 70 percent of our imports.  

Fourteen of our top 20 export markets are APEC members, including the three largest economies in the world (the United States, China and Japan). 

Eighteen of our 19 FTAs are with APEC partners.

ABAC has in the past helped achieve a number of ‘wins’ for business, including:

the APEC Business Travel Card – removing significant obstacles for business people travelling around the region

ABAC has in the past helped achieve a number of ‘wins’ for business, including:

support for open markets in the Asia Pacific – including the concept of a “Free Trade Area of the Asia-Pacific”

the creation of the APEC Food System – using freer food trade to support food security goals

enhanced supply-chain connectivity – to reduce business costs and help trade flow more efficiently

principles for dealing with non-tariff barriers – important in helping to lower costs and remove inequities for exporters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGISTER WITH TRADE WORKS

Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.

 

Remove

 

Latest News

A YEAR FOR RECONNECTING

Remove

Executive Director Stephen Jacobi offers his annual end of year round up. Amidst some challenging times, he reports some light in the tunnel.

NZ Herald: Time to lift our game in India

Remove

Following his recent visit to India our Executive Director Stephen Jacobi penned this article advocating a more strategic approach to the further development of the relationship. The article was published by the NZ Herald on 9 December.

APEC Rolls out Priorities for 2023

Remove

Aiming to provide tailwinds for member economies to strengthen recovery and resilience, as well as advance broad-based economic growth, the United States rolled out its theme and priorities for when it hosts APEC in 2023.

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...

NZ BUSINESS LEADERS AT APEC 2022

Remove

New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC).

Submission to MPI on Modernising Our Export Assurances Systems: Legislative Options

Remove

Export New Zealand (ExportNZ) and the New Zealand International Business Forum (NZIBF) welcome the opportunity to comment on the Ministry for Primary Industries’ (MPI) Modernising Our Export Assurance Systems: Legislative Options Consultation Document.