Peace Palace, Phnom Penh
18 November 2012
President Benigno S. Aquino III and other ASEAN Heads of State met with members of the ASEAN Business Advisory Council (ABAC) to discuss developments in achieving the integration for the creation of an ASEAN Economic Community (AEC) by 2015. The AEC is set to function as a single market and production base that offers outstanding business opportunities for ASEAN and global businesses alike.
ASEAN-BAC is a high-level public-private sector partnership that provides private sector feedback on the implementation of ASEAN economic cooperation, and to identify priority areas for the consideration of the ASEAN leaders.
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 and was inaugurated at the ASEAN Secretariat in Jakarta, Indonesia in April 2003.
Teresita Sy-Coson, Manny Pangilinan and Jay Yuvallos are ASEAN-BAC members representing the Philippines.
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