APEC Business Advisory Council to meet in Canada

ABAC Vietnam Chairman Hoang Van Dung (Photo: VNA)

Hanoi (VNA) – The
third meeting of the APEC Business Advisory Council (ABAC) in 2017 will convene
in Toronto, Canada, from July 24-28.

The meeting will gather
business leaders from APEC member economies to discuss issues related to trade,
economic cooperation and regional connectivity to prepare for the APEC Economic
Leaders Week in Vietnam next November.

A Vietnamese delegation led
by ABAC Vietnam Chairman Hoang Van Dung will attend the meeting. In addition,
Permanent Vice Minister of Foreign Affairs Bui Thanh Son will participate in a
number of events within the framework of the meeting.

According to Pamela
Goldsmith-Jones, Parliamentary Secretary to the Canadian Minister of International
Trade, through cooperation with the ABAC, Canada has been able to scale up
trade and investment ties with Pacific nations and territories, including growing
Asian markets.

By working together, APEC
economies could achieve benefits of sustainable and inclusive trade, thus bringing
prosperity to people in the region, she added.

As scheduled, the official will
attend the ABAC meeting to promote Canada’s trade agenda as well as its
commitments to representatives of businesses of different sizes in the Asia-Pacific
region.

The event will be co-organised
by the Asia Pacific Foundation of Canada and ABAC Canada Secretariat.

It will feature a series of symposiums,
with work programme covering priorities such as deepening regional economic
integration, achieving sustainable, innovative and inclusive growth, enhancing
MSMEs’ competitiveness, and ensuring food security.

A highlight of the meeting
is the APEC-Canada Growing Business Partnership Symposium on Technology and
Innovation. In 2015, the Canadian Government announced to spend 4.74 million
CAD (around 3.8 million USD) on the APEC-Canada Growing Business Partnership
Project to help member economies alleviate poverty and integrate in the global
market.

Established in 1995, the
ABAC is the private sector arm of the APEC to advise APEC economic leaders and
officials on issues of interest to business. -VNA



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