Singapore will host the second ABAC Meeting (ABAC 2) of 2013 from April 3 – 6 with participation of some 150 prominent business leaders from the 21 Asia - Pacific Economic Cooperation (APEC) economies.

The meeting will be organised by the Singapore Business Federation (SBF) in its capacity as the Singapore secretariat for the APEC Business Advisory Council.

The overall theme for ABAC is “Partnership, Resilience and Bridges to Growth” with priorities including accelerating regional economic integration, promoting sustainable development, fostering Small, Medium and Micro-sized Enterprises (SMMEs) development and entrepreneurship, and strengthening and promoting the integration of financial markets, the SBF’s press release said on April 1.

During the meeting in Singapore, ABAC delegates will discuss the most current and pressing issues faced by businesses and offer recommendations to policymakers to facilitate trade and investment.

The key deliverable for ABAC 2 is the development of an ABAC Letter to highlight the recommendations to the APEC Minister Responsible for Trade (MRT).

The press release quoted Wishnu Wardhana, ABAC Chairman from Indonesia was quoted as saying that “This is an important year for ABAC.”

“Uneasy global recovery highlights a greater need for more sustainable and inclusive growth, and this requires concerted efforts from all APEC businesses and leaders. The identified areas of focus will contribute to building more opportunities for intra and inter regional trade and investment. We look forward to discussing and refining our recommendations for submission to the MRT,” he said.

This second regional meeting is a lead-up to the annual APEC Economic Leaders Meeting which will be held in Bali , Indonesia , in October. SOM 2 and its related meetings and MRT will be held in Surabaya , Indonesia on from April 7 – 19 and April 20 – 21, respectively.

APEC member economies are Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China; Indonesia; Japan; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Philippines; Russia; Singapore; the Republic of Korea; Chinese Taipei; Thailand; the United States; and Vietnam.-VNA