The ASEAN Business Advisory Council (ASEAN-BAC) 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. Launched in April 2003, 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.
Being the APEX private sector body of ASEAN
Take the lead in coordinating inputs from established business councils and entities in their interactions with various ASEAN sectoral groups
Harness the collective resources of the private sector
Implement a more inclusive and consultative process involving the private sector
Assist relevant ASEAN bodies to institutionalise within each body a consultative process with lead private sector entities.
Assist private sector groups to initiate
PROSMART Recommendations to the ASEAN Government on ASEAN Economic Community (AEC) issues
Projects (whether under Public Private Partnership or Purely Private Undertaking)
Vertical Priority Sectoral Issues
Horizontal and Cross-cutting Issues