Major Business Councils Engaging ASEAN
- ASEAN Business Advisory Council (ASEAN-BAC)
The ASEAN Business Advisory Council (ASEAN-BAC) is the apex private sector body of ASEAN and was established by the ASEAN Heads of State and Government (HOSGs) at the 7th ASEAN Summit in November 2001 in Bandar Seri Begawan, Brunei Darussalam. ASEAN-BAC was set up with the mandate to provide private sector feedback and guidance to boost ASEAN’s efforts towards economic integration. Aside from providing private sector feedback on the implementation of ASEAN economic cooperation, the Council also identifies priority areas for consideration of the ASEAN Leaders. Accordingly, ASEAN-BAC’s activities are primarily focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration.
- Joint Business Councils (JBC)
The Joint Business Councils (JBC) is a mechanism under the ASEAN-BAC, which comprises members from the regional business councils and sector champions for specific issues supporting the work of ASEAN-BAC. Regional business councils who are current members of the JBC are:
- Australia-ASEAN Chamber of Commerce (AustCham ASEAN)
- Canada ASEAN Business Council (CABC)
- China ASEAN Business Council
- East Asia Business Council (EABC)
- EU-ASEAN Business Council (EU-ABC)
- ASEAN-India Business Council (AIBC)
- ASEAN Japan Business Council (AJBC)
- Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA)
- ASEAN New Zealand Business Council (ANZBC)
- Russia-ASEAN Business Council
- UK-ASEAN Business Council (UKABC)
- US-ASEAN Business Council (US-ABC)