APEC Business Advisory Council Concludes Successful ‘ABAC III 2017’ Meeting in Toronto

TORONTO, ON – July 28, 2017 ­– The Asia Pacific Foundation of Canada (APF Canada), in partnership with the Government of Canada and the Government of Ontario, today commended the APEC Business Advisory Council (ABAC) on its successful meeting in Toronto where recommendations were developed on matters related to trade and economic co-operation and connectivity in the APEC region in advance of the APEC leaders’ meeting in Vietnam in November.

At the conclusion of ABAC III 2017, the ABAC membership highlighted its long-term vision for an open, integrated and innovative APEC region supported by sustainable and inclusive growth and the transformative power of the digital economy.

The four-day meeting provided an opportunity for Canada to promote its progressive trade agenda and engage with representatives of businesses of all sizes on expanding and deepening Canada’s trade and investment relationships in the APEC region. In particular, Canada highlighted the important role of micro, small, and medium-sized enterprises, particularly those owned by women, in helping to encourage economic growth and reduce poverty across the APEC region.

ABAC III 2017 also included the APEC-Canada Growing Business Partnership Symposium (ABACx) hosted by the ABAC Canada Secretariat, APF Canada. ABACx highlighted Canada’s expertise in supporting innovation, entrepreneurs, and MSMEs with the broader APEC community in order to contribute to poverty reduction and development objectives.


Stewart Beck, President and CEO of APF Canada

“It has been an honour for the Asia Pacific Foundation of Canada to welcome business leaders from across APEC to Toronto to showcase our focus on innovation, technology, and the digital economy, as well as our openness to building sustainable trade across the region ­– particularly among women entrepreneurs. The rich conversations and new relationships built during the ABAC III meeting bode well for Canada. We look forward to catalyzing APEC-Canada partnerships.” 

François-Philippe Champagne, Minister of International Trade, Government of Canada

“APEC, as a region, is a valuable partner for growth and holds tremendous opportunity for Canadians seeking new and burgeoning markets for their products and to ensure their future prosperity." 

Pamela Goldsmith-Jones, Parliamentary Secretary to the Minister of International Trade

“The success of micro, small and medium sized enterprises is vital to the Canadian economy and to our ability to build on our strong foundations in the Asia Pacific region. International trade that is inclusive of the entrepreneurial spirit of women and all young people benefits everyone.”

Michael Chan, Minister of International Trade, Government of Ontario

“I would like to congratulate everyone on a successful ABAC III 2017 Conference. Over the past four days, we welcomed members from partner jurisdictions, and shared ideas on how we can explore new opportunities, partnerships and trade relationships. I look forward to building upon the great work we have accomplished as we seek to diversify valuable trade opportunities in Asia.”

Reza Moridi, Minister of Research, Innovation and Science, Government of Ontario

“During my recent mission to China and South Korea, I saw for myself how our ties span from cultural collaborations to economic, science, and technology partnerships, and I would like to congratulate everyone on a successful ABAC III 2017 Conference as we work to forge new relationships between Ontario and the APEC region. These kinds of international partnerships are key in helping to maximize our innovation efforts and support our shared goals of economic growth and a better quality of life for all.” 


Learn More:

ABAC International: ABAConline.org/

Government of Canada: www.international.gc.ca/international

Government of Ontario

English: Ontario.ca/MIT French: Ontario.ca/COMMERCE

Asia Pacific Foundation of Canada: www.asiapacific.ca

Media contacts:

Asia Pacific Foundation of Canada

Michael Roberts, Communications Manager | Media Accreditation

Government of Canada

Media Relations Office
Global Affairs Canada

Le Service des relations avec les médias
Affaires mondiales Canada

Government of Ontario

Kwok Wong
Ministry of International Trade Communications Branch