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  Taiwan business heads gear up for ABAC - Taipei Economic and Cultural Representative Office in the United States 駐美國台北經濟文化代表處 ::: Skip to main content
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Taiwan business heads gear up for ABAC


•Publication Date:09/25/2013
•Source: Taiwan Today

ROC captains of industry are set to fly Taiwan’s corporate flag at the Asia-Pacific Economic Cooperation Business Advisory Council Meeting Oct. 2-5 in Bali, Indonesia.

Tsai Hong-tu, chairman of Cathay Financial Holding Co., Matthew Miao, chairman of MiTac-Synnex Group, Cher Wang, chairwoman of HTC Corp., will act as Taiwan’s nominees to the APEC Business Advisory Council.

Tsai heads a 23-member delegation, including other heavyweight business figures such as Hon Hai Group Chairman Terry Gou.

The corporate leaders are set to join Former Vice President Vincent C. Siew, who is President Ma Ying-jeou’s envoy at the APEC leaders’ summit Oct. 5-7, and will accompany him in meetings with Japanese Prime Minister Shinzo Abe, South Korean President Park Geun-hye, U.S. President Barack Obama and mainland Chinese leader Xi Jinping.

“Wang will deliver a speech on innovation Oct. 6, while Gou will deliver one the following day on connectivity, with both the focus of the APEC meeting this year,” Ho Chen-sheng, associate research fellow with Taiwan Institute of Economic Research, said at a news conference in Taipei City ahead of the event.

The event, themed Partnership, Resilience and Bridges to Growth, aims to deepen regional economic integration, promote infrastructure and sustainable development, foster the development and entrepreneurship of small, medium and micro enterprises, as well as enhance the development and integration of financial markets.

Separately, the Bureau of Foreign Trade under the Ministry of Economic Affairs said that since the founding of APEC in 1989, the organization has played a key role in driving global economic growth.

“APEC has laid a solid foundation for regional cooperation across a wide spectrum of areas, particularly trade facilitation and economic and technical collaboration,” a BOFT official said.

“We urge all APEC members to make further headway in trade liberalization and investment, and expect all economies to work together at the meetings in expanding cooperation in trade facilitation.”

APEC comprises 21 economies in the Asia-Pacific region, accounting for 40 percent of the world’s population, 54 percent of global gross domestic product and 44 percent of international trade.

The organization’s economic leaders established ABAC in November 1995 to garner advice from the private sector on policy priorities and areas of cooperation. Up to three members from each economy are appointed to the body representing a variety of industries.