The Pacific Basin Economic Council (PBEC) is an independent business association founded by Weldon B. Gibson in 1967 with the objective of facilitating business in the Asia-Pacific region. It has a rich history of supporting business leaders, academics and Governments across Asia Pacific. It organises and hosts several roundtable dialogue discussions and key events annually as well as provides market intelligence, research papers & policy recommendations on behalf of the APAC business community. It advocates for sustainable & inclusive economic growth through free trade agreements under a fair international rules based system that mitigates climate change & supports societies. The International Secretariat is currently located in Hong Kong and their Chief Executive is Michael Walsh.
Andrew Weir MBE JP KPMG China Vice Chairman & Steward of The Hong Kong Jockey Club
Vice Chairman
Dr. George Lam BBS Chair of ESCAP Sustainable Business Network (ESBN）
Key people
Anson Bailey Treasurer
Staff
3
Volunteers
25
Website
www.pbec.org
HistoryEdit
The Institute of Pacific Relations (IPR) was founded in 1925 as an international forum where national delegations representing a broad range of interests could meet and discuss both domestic and regional issues. The IPR was a respected forum in the period before, during and after World War II, but was disbanded in 1961 after the United States withdrew support.[1] PBEC was one of the organizations that filled the void. It was founded in 1967 by business leaders from the United States, Canada, Australia, New Zealand and Japan. Later the founders were joined by groups of members from other countries in the region such as South Korea, Mexico, Hong Kong, Malaysia and the Philippines.[2]
The purpose of the Pacific Basin Economic Council is providing high level engagement between business leaders and Government officials through a regional network of local representative country chapters. Its mission is to create and maintain an environment that facilitates the orderly conduct of sustainable & responsible economic development within & between the 21 APEC Members States.[2] The organization is funded by its patron, corporate & individual members.[3] The organization is informal in the sense that it does not include official government representation and membership is strictly 'by Invitation Only".[4] At the council's 12th general meeting in Los Angeles in 1978 the Pacific Economic Community Plan was proposed, calling for an economic community to coordinate solidarity and cooperation between countries of the region at different stages of development.[5] As of 1993 the PBEC was the main non-government organization involved in economic cooperation in the Pacific region. However today it focuses on its Members needs and represents them in front of Government, when tackling some of the most important economic decisions in Asia. [6]
ActivitiesEdit
The Pacific Basin Economic Council promotes a fair based regulatory environment for all its members in the region. It advises governments on ways to improve society issues, the wider business environment and cross-border digital trade barriers. It helps generate direct foreign investment (DFI) and encourages new technology development and deployment while avoiding environmental degradation where possible.[3]
Serving as the independent voice of business in the Pacific, PBEC provides authentic Intelligence through its platform for the diversity of industry, services and professions that have made Asia and the Pacific the world's growth region. PBEC has been a driving force in the region for the past five + decades, advocating environmental awareness, the UNSDG's, corporate social responsibility, ESG Reporting and transparency through its regional country chapters and executive committee. It provides policy advocacy and partners with like-minded organizations such as the Asian Development Bank (ADB) / Organisation for Economic Co-operation and Development (OECD) Anti-corruption Initiative, Pacific Economic Cooperation Council (PECC), Asia Pacific Economic Cooperation (APEC), Horasis-The Global Visions Community and the United Nations Global Compact.[7]
Harvard University (1986). U.S.- Japan Relations: Learning from Competition. Transaction Publishers. ISBN088738661X.
Myers, Ramon Hawley; Oksenberg, Michel; Shambaugh, David L. (2001). "Pacific Basin Economic Council". Making China Policy: Lessons from the Bush and Clinton Administrations. Rowman & Littlefield. ISBN0742509648.
Noland, Marcus (1990). Pacific Basin Developing Countries: Prospects for the Future. Peterson Institute. ISBN0881320811.
Woods, Lawrence Timothy (1993). "The Pacific Basin Economic Council". Asia-Pacific Diplomacy: Nongovernmental Organizations and International Relations. UBC Press. ISBN0774804408.
Further reading
Esme Marris, Malcolm Overland (1997). PBEC: The History of the Pacific Basin Economic Council, 1967 to 1997 : Bridging the Pacific. Pacific Basin Economic Council. p. 216.
Economic Strategy Institute, Pacific Basin Economic Council (1993). Toward a new trade consensus: highlights of an ESI/PBEC conference, March 17 & 18, 1993. Economic Strategy Institute. p. 134.
October 21, 2023
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The Pacific Basin Economic Council PBEC is an independent business association founded by Weldon B Gibson in 1967 with the objective of facilitating business in the Asia Pacific region It has a rich history of supporting business leaders academics and Governments across Asia Pacific It organises and hosts several roundtable dialogue discussions and key events annually as well as provides market intelligence research papers amp policy recommendations on behalf of the APAC business community It advocates for sustainable amp inclusive economic growth through free trade agreements under a fair international rules based system that mitigates climate change amp supports societies The International Secretariat is currently located in Hong Kong and their Chief Executive is Michael Walsh The Pacific Basin Economic Council PBEC AbbreviationPBECFormation1967TypeINGOHeadquartersHong Kong SARLocationWan ChaiRegion servedAPACMembership12 315ChairmanAndrew Weir MBE JP KPMG China Vice Chairman amp Steward of The Hong Kong Jockey ClubVice ChairmanDr George Lam BBS Chair of ESCAP Sustainable Business Network ESBN Key peopleAnson Bailey TreasurerStaff3Volunteers25Websitewww wbr pbec wbr orgHistory EditThe Institute of Pacific Relations IPR was founded in 1925 as an international forum where national delegations representing a broad range of interests could meet and discuss both domestic and regional issues The IPR was a respected forum in the period before during and after World War II but was disbanded in 1961 after the United States withdrew support 1 PBEC was one of the organizations that filled the void It was founded in 1967 by business leaders from the United States Canada Australia New Zealand and Japan Later the founders were joined by groups of members from other countries in the region such as South Korea Mexico Hong Kong Malaysia and the Philippines 2 The purpose of the Pacific Basin Economic Council is providing high level engagement between business leaders and Government officials through a regional network of local representative country chapters Its mission is to create and maintain an environment that facilitates the orderly conduct of sustainable amp responsible economic development within amp between the 21 APEC Members States 2 The organization is funded by its patron corporate amp individual members 3 The organization is informal in the sense that it does not include official government representation and membership is strictly by Invitation Only 4 At the council s 12th general meeting in Los Angeles in 1978 the Pacific Economic Community Plan was proposed calling for an economic community to coordinate solidarity and cooperation between countries of the region at different stages of development 5 As of 1993 the PBEC was the main non government organization involved in economic cooperation in the Pacific region However today it focuses on its Members needs and represents them in front of Government when tackling some of the most important economic decisions in Asia 6 Activities EditThe Pacific Basin Economic Council promotes a fair based regulatory environment for all its members in the region It advises governments on ways to improve society issues the wider business environment and cross border digital trade barriers It helps generate direct foreign investment DFI and encourages new technology development and deployment while avoiding environmental degradation where possible 3 Serving as the independent voice of business in the Pacific PBEC provides authentic Intelligence through its platform for the diversity of industry services and professions that have made Asia and the Pacific the world s growth region PBEC has been a driving force in the region for the past five decades advocating environmental awareness the UNSDG s corporate social responsibility ESG Reporting and transparency through its regional country chapters and executive committee It provides policy advocacy and partners with like minded organizations such as the Asian Development Bank ADB Organisation for Economic Co operation and Development OECD Anti corruption Initiative Pacific Economic Cooperation Council PECC Asia Pacific Economic Cooperation APEC Horasis The Global Visions Community and the United Nations Global Compact 7 References Edit Woods 1993 p 7 8 a b Woods 1993 p 8 a b Myers Oksenberg amp Shambaugh 2001 p 166 Noland 1990 p 139 Harvard University 1986 p 102 103 Woods 1993 p 66 Pacific Basin Economic Council Pacific Basin Economic Council SourcesHarvard University 1986 U S Japan Relations Learning from Competition Transaction Publishers ISBN 088738661X Myers Ramon Hawley Oksenberg Michel Shambaugh David L 2001 Pacific Basin Economic Council Making China Policy Lessons from the Bush and Clinton Administrations Rowman amp Littlefield ISBN 0742509648 Noland Marcus 1990 Pacific Basin Developing Countries Prospects for the Future Peterson Institute ISBN 0881320811 Woods Lawrence Timothy 1993 The Pacific Basin Economic Council Asia Pacific Diplomacy Nongovernmental Organizations and International Relations UBC Press ISBN 0774804408 Further readingEsme Marris Malcolm Overland 1997 PBEC The History of the Pacific Basin Economic Council 1967 to 1997 Bridging the Pacific Pacific Basin Economic Council p 216 Economic Strategy Institute Pacific Basin Economic Council 1993 Toward a new trade consensus highlights of an ESI PBEC conference March 17 amp 18 1993 Economic Strategy Institute p 134 Retrieved from https en wikipedia org w index php title Pacific Basin Economic Council amp oldid 1088235972, wikipedia, wiki, book, books, library,
