Home / Knowledge / News / Business leaders decide to share opportunities in Jakarta
Business leaders decide to share opportunities in Jakarta
Jan '08
Globalization should lead to sustainable development for all and this is focal to the APEC Business Advisory Council (ABAC) in 2008.

In its first meeting of the year (20 - 23 January, Jakarta, Indonesia) the council, which is made up of senior business leaders, met with APEC Senior Officials to make recommendations on intergovernmental processes.

Explains ABAC Chair Juan F. Raffo, concrete measures should be taken to "spread the benefits of globalization more widely between and within APEC economies.

Our major priorities will include further exploring the concept of a Free Trade Area of the Asia-Pacific (FTAAP), the WTO Doha Development Round, Energy Security and Climate Change, Business Facilitation and SME Development."

Achieving trade and investment liberalization and facilitation is the main objective of APEC but, says Raffo, "its agenda has deepened and broadened.

A key priority in ABAC is how to move the Doha Round forward while at the same time examining other options for keeping the momentum of liberalization in the region."

Specifically, ABAC will contribute to the development of APEC's Second Trade Facilitation Action Plan to achieve a 5% reduction in transaction costs; address behind-the-border issues for greater ease in conducting business; and consider the implications of demographic shifts on business.

Energy Security and Climate Change is a major priority and will propose ways to achieve the APEC regional goal to reduce energy intensity by 25% by 2030.

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search