The 2017 Work Program

Recognizing the need to inject new dynamism and explore new sources of growth in order to bring the APEC region back to the high growth trajectory, ABAC adopted the theme “Creating New Dynamism, Fostering a Shared Future.”   The 2017 work program will focus on the following priorities: 

  • Deepening regional economic integration
  • Achieving sustainable, innovative and inclusive growth
  • Enhancing MSMEs’ competitiveness and encouraging innovation in the digital era
  • Ensuring food security and promoting sustainable and climate smart agriculture

To carry forward the work program for 2017, ABAC established the following working groups with their respective goals and focus areas:

Regional Economic Integration Working Group (REIWG)

  • Deepening regional economic integration
    • Supporting the WTO and preventing protectionism
    • Accelerating trade and investment liberalization and facilitation to achieve the Bogor Goals
    • Enabling the Free Trade Area of the Asia-Pacific (FTAAP)
    • Strengthening the services agenda

Connectivity Working Group (CWG)

  • Creating a seamless regional market
    • Facilitating institutional connectivity
    • Promoting people-to-people connectivity
    • Enhancing physical connectivity

MSME & Entrepreneurship Working Group (MSMEEWG)

  • Enhancing MSME competitiveness and promoting their internationalization
    • Creating a favorable business environment that stimulates innovation, fosters entrepreneurship and promotes good corporate governance
    • Facilitating MSME access to international markets and global value chains
    • Promoting human development in the digital era
    • Strengthening the participation of women in the economy

Sustainable Development Working Group (SDWG)

  • Achieving sustainable and inclusive development
  • Promoting APEC partnership in climate smart food security
    • Encouraging the sustainable management of natural resources
    • Building an inclusive, sustainable community
    • Achieving energy security and sustainability
    • Promoting a healthy and productive workforce

Finance & Economics Working Group (FEWG)

  • Developing robust and inclusive financial markets
    • Promoting the development and integration of capital markets and strengthening financial market infrastructure
    • Encouraging financial innovation
    • Stimulating public and private investment for infrastructure and shaping pension and insurance development
    • Enhancing MSME access to finance

Detailed recommendations will be developed during the course of this year on all priorities identified in the 2017 work program.  ABAC’s recommendations will be conveyed to APEC governments through a range of avenues including to APEC Senior Officials, Trade, SME and Finance Ministers and directly to APEC Economic Leaders at the annual Dialogue with APEC Leaders.