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APEC Objectives

APEC seeks to achieve its objectives through a broad work agenda based on three pillars.

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APEC seeks to achieve its objectives through a broad work agenda based on three pillars:

l. Trade and investment liberalization;

ll. Business facilitation; and

lll. Economic and technical cooperation.

The long-term objective of the Forum was established in 1994, by subscribing to the so-called "Bogor Goals" in Indonesia, under which members committed themselves to "free and open trade and investment in the region". Since their subscription, the Bogor Goals have played an important role in the orientation of APEC programs and objectives. These targets set deadlines for achieving their objectives: 2010 for industrialized economies and 2020 for developing economies.

In addition, APEC provides the private sector with a unique platform to raise its priority trade and investment issues. To this end, in 1995, a formal channel was established for the private world to share its concerns, priorities, points of view, and formulate recommendations, called the APEC Business Advisory Council (ABAC), which brings together senior business executives (three for each economy), appointed by their respective governments.

In the case of Chile, President Sebastián Piñera appointed the members of the current ABAC on May 7, 2018. The holders are: Richard von Appen, President of Ultramar; Alfonso Swett, President of the CPC; and Rosario Navarro, SOFOFA Councillor; and the alternates: Bernardo Larraín, President of SOFOFA; Alejandra Mustakis, President of ASECH; and Eduardo Chadwick, President of Grupo Viñas Errázuriz.