55th Annual Dialogues Summit

“Thank you very much for inviting me to this very enriching and lively discussion. In particular, it confirmed the fact that us islanders can help each other in leading the way towards achieving the UN-SDGs, or even better, the newly coined acronym RDG’s that we heard at your annual PBEC summit perhaps for the first time. There is an open invitation to PBEC to pay us a visit here in Tahiti on route to APEC 2023.”

Vincent Dropsy Chair of the PECC committee in French Polynesia (FPTPEC) & Professor of Economics, Codirector of the Center for Tourism Studies in Oceania and the Pacific (CETOP) at the University of French Polynesia (UPF).

“Thank you once again for the opportunity to join a stimulating & informative plenary panel this morning! Looking forward to continuing to work with you all at PBEC on these important issues.”

 Stephen Jacobi Executive Director, APEC Business Advisory Council Alternate (New Zealand)

Thank you, Michael for putting together this important session of water security and congratulations on delivering a wonderful event. Your efforts are most valued and appreciated. I continue to be an ardent supporter of PBEC and happy to participate in future activities more often going forward.”

Dr. Parag Agarwal Janajal Founder & CEO & PBEC member (Singapore)


: Asia-Pacific business leaders call for action on climate and economic inclusion – from ABAC I Meeting Auckland NZ

APEC NEWS RELEASE Issued by The APEC Business Advisory Council (ABAC) Auckland, 14 February 2023 – Members of the APEC Business Advisory Council (ABAC) met in Auckland, New Zealand this week to develop a work plan that calls on policymakers to leverage trade and economic policies to address the region’s sustainability and economic inclusion challenges. 2023 ABAC Chair Dominic Ng noted, “APEC members need to undertake massive decarbonization of their economies while ensuring that disadvantaged parts of our communities are not…

: Suzuran Medical Inc. (Japan) joins PBEC as Corporate Member – Feb 2023

Suzuran Medical Inc. started the manufacture and sale of cotton bedding over 180 years a go, the company has always dealt with cotton. Using this natural fiber as a base, Suzuran are pushing forward with research into cotton to help assist in humanity’s bright future. Expanding from its unique experience with such products in the medical world, they have taken the same dedication to customer benefits into their baby, hygiene, and cosmetic products. Suzuran Medical’s President is Yasuhiro Kunieda, born…

: SUSTAINABLE TRADE- The rising role of services in global trade – Feb 2023

Author: Patrick Low Senior Fellow – Asia Global Institute It has become fashionable to argue that globalization is in decline. The picture is more nuanced, however. While trade in manufactures as a proportion of overall economic activity appears to have peaked in some countries, the growth of trade in services as a proportion of GDP has certainly not slowed. The future of services trade in global value chains A recent series of papers by Richard Baldwin argued that globalization and…

: 2023 APEC Theme and Priorities – Feb 2023

Under the theme “Creating a Resilient and Sustainable Future for All,” USA Chairing APEC2023 plan to build a more interconnected, innovative, and inclusive APEC region. Through its APEC 2023 host year, the USA seek to further U.S. economic engagement with the region.  Regular exchanges among governments, business leaders – including through the APEC Business Advisory Council (ABAC) – and other stakeholders such as PECC and PBEC are critical to ensuring that APEC is delivering pragmatic solutions to the key challenges facing U.S. workers and…

: PBEC CEO visits Vietnam and sits down with local members, first time in 3 years – Feb 2023

PBEC CEO Michael Walsh took the opportunity to visit some of the PBEC members in HCMC and Hanoi on his recent trip to Vietnam over the Chinese & Tet New Year 2023. “I had the chance to sit down with KPMG Chairman and CEO Warrick Cleine of Vietnam and Cambodia at their office in HCMC. It was lovely to have this opportunity to sit down together and share each others views on the hot issues and areas of focus for…

: ABAC Meeting announcement 2023

APEC Business Advisory Council – ABAC I to be held on 12-14 February 2023 at the Cordis Auckland, New Zealand. Latest details revealed by our colleague & friend of PBEC Stephen Jacobi at Tradeworks. Link to PR: https://www.linkedin.com/posts/nz-international-business-forum_at-the-request-of-the-united-states-which-activity-7008563092208979969-YYup?utm_source=share&utm_medium=member_ios

: APEC Rolls out Priorities for 2023: Issued by the Informal Senior Officials’ Meeting Honolulu, The United States, 13 December 2022.

Under the theme “Creating a Resilient and Sustainable Future for All,” the United States emphasized its commitment to drive forward work on key issues such supply chain resilience, digital trade, connectivity, opportunities for small and medium-sized enterprises, climate change and environmental sustainability. https://www.apec.org/press/news-releases/2022/apec-rolls-out-priorities-for-2023

PBEC Patron Members
Member Updates

From left to right in the picture: Jan De Silva President & CEO of the Toronto Region Board of Trade David Armitage PBEC Board of Director & CEO Velocity Solutions Group Mairead Lavery President and CEO of Export Development Canada (EDC) Stephen Lund CEO of Toronto Global Jakarta, Indonesia. February 27th 2023 – The PBEC attended the first Canada-ASEAN Business Forum since the pandemic on the 24-25th February held in Jakarta, Indonesia. Represented by PBEC board of director David Armitage…

QBE Hong Kong is pleased to share with the PBEC Community, the release of its 5th iteration of our annual SME research for Hong Kong. SMEs are the backbone of the local economy. To better understand this important customer segment, QBE Hong Kong conducted the annual SME survey in October 2022 to gain valuable insights into the opportunities and challenges faced by SMEs. The study drew on an online survey of 422 Hong Kong SMEs from a wide range of…

Blinken outlined the Biden Administration’s much anticipated China strategy in a public speech in May last year. Blinken articulated an approach to China built on three prongs: invest, align, and compete. The “invest” pillar of the strategy calls for the US to make substantial investments in cutting-edge industries crucial to economic and strategic pre-eminence. The “align” pillar focuses on cooperating with partners that share a common vision for the Indo-Pacific. The “compete” pillar identifies economic, strategic, and philosophical ways the…

PBEC CEO Michael Walsh and Treasurer Anson Bailey hosted a few of our HK based PBEC Directors for its first informal face to face lunch of 2023 in January prior to CNY. In attendance were directors; Lester Huang, Anson Chan, Sebastian Man, Diana Chou & David Armitage. Apologies were received from Lei Yiu, Thomas Wong and Ben Simpfendorfer. “It was lovely to catch up together, given the lifting of the covid restrictions in Hong Kong. The Aviation Club is situated…

Immediately after Tet New Year in Vietnam, PBEC CEO Michael Walsh took the opportunity to visit VinaCapital’s head office to present in person to the CEO Don Lam, their ESG Award 2022-23 for “Most Responsible ESG Investor” – In doing so, Michael also had the opportunity to sit down with the some of the wider senior management team to get their latest views and outlook in the investment markets including those of their Chief Economist Michael Kokalari over a hosted…

PBEC Chairman Andrew Weir and CEO Michael Walsh hosted a luncheon in Hong Kong at the China Club in recognition of this years reinstated PBEC ESG Awards. Congratulations once again to our winners in; FEC Group (Gold ESG Winner), Sands China (Silver ESG Winner), KPMG International (Bronze ESG Winner), VinaCapital (Most responsible ESG investor winner) and Cogo (ESG Entrepreneur Winner). You can find more information about the competitions criteria and winners ESG information by clicking here:    

The Pacific Basin Economic Council believes that through cooperation and the exchange of ideas, the private sector can work with governments to promote significant growth and prosperity in Asia Pacific.
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PBEC Delegation Invitation to attend the ABAC Brunei Business Conference 2023

Dear PBEC members, Please find attached a letter of invitation via one of our partner organisation’s Australia ASEAN Chamber of Commerce courtesy of our own PBEC Board of Director Deborah Biber from the APEC and ASEAN Business Advisory Council’s of Brunei. This invitation invites you to consider attending the Brunei Business Conference on the 27th to 30th of April 2023 being held at The Empire, Brunei and the related events around the APEC Business Advisory Council along with the conference…

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Invitation to attend the ICC Future Trade Forum 2023 – Singapore

When: 29-30th March 2023 Where: Sands Expo and Convention Centre, Marina Bay Sands, Singapore PBEC Members are invited to attend this upcoming forum being hosted by ICC and held in Singapore. PBEC is an official supporting organisation of this Forum. The Future Trade Forum convenes business leaders, policymakers, technologists and other industry movers who are shaping the global trade ecosystem into its digital, sustainable, inclusive future. The Forum offers both birds eye and ground level views of the evolving trade…

About PBEC

PBEC – Pacific Basin Economic Council is by invitation ONLY a members based institution, that supports connectivity and cross-border regulatory standardisation efforts within APAC for all technological advancements, through dialogue, engagement and collaborative efforts.

Our Mission

PBEC’s focus is to continual attain recognition as the most comprehensive multilateral platform for APAC business leaders to engage with, advocating key trade issues of importance under a fair rules based system, thus promoting cooperation amongst member States to achieve inclusive, sustainable economic and social development in Asia and the Pacific.

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The Think Tank for Business Leaders in Asia-Pacific

Headquartered in Hong Kong SAR, the (PBEC) Pacific Basin Economic Council is the region’s oldest business leaders regional network provider and these days quasi-Think Tank assisting policy-makers. It is a strictly “By Invitation Only” members based organisation with over 24,000+ business leader, academic & Government representative affiliated globally. During Covid-19 the PBEC expanded its presence with official representation in the UK as part of its post-Brexit support connecting UK based firms pursuing a foothold in the Asian Market. It also renewed…

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