ABAC is composed by three corporate leaders from every APEC economy plus a number of alternate members. It is a business council of the highest level, reporting directly to APEC Government Leaders. Once a year, during the corresponding Leaders’ Summit, ABAC members meet for a working session called ABAC Dialogue with leaders,which is unique in its genre.
The Chile Pacific Foundation was promptly considered to represent the National Secretariat of the Chilean APEC Chapter. Thistask implementation has been characterized by a smooth dialogue between APEC and ABAC-Chile official bodies.