III PRIVATE SECTOR PARTICIPATION

Ministers took note of the recommendations of the APEC Business Advisory Council (ABAC) and welcomed ABAC’s role in providing high-level private/business sector advice to the APEC process. They expressed appreciation for the ABAC report which ABAC will present to the APEC Economic Leaders.

Ministers expressed their appreciation for the excellent work done by ABAC under the able leadership of the ABAC Chair and Co-Chairs.

Ministers encouraged Senior Officials, Working Groups, and other APEC fora to study its recommendations in their work.

　　I. PROGRESS ON THE 1995 APEC ECONOMIC LEADERS’ DECLARATION FOR ACTION AND APEC ACTION PROGRAM FOR 1996
　　II. STRENGTHENING ECONOMIC COOPERATION AND DEVELOPMENT IN APEC
　　III. PRIVATE SECTOR PARTICIPATION
　　IV. ORGANIZATIONAL AND BUDGET ISSUES
　　V. OTHER MATTERS

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