At their meeting in Osaka in November 1995, the APEC Economic Leaders agreed to appoint the members of the APEC Business Advisory Council (ABAC) to provide insights and counsel for their APEC activities. Having been appointed early this year, we responded to this call by providing this initial report.

• Executive Summary
• Facilitating Cross-Border Flows: The True Measure of Liberalization
• Finance and Investment: Enhancing Foreign Investment Flows within APEC
• Infrastructure: The Lifeline of Regional Integration
• Small and Medium Enterprises and Human Resources Development: Wealth from the Ground Up
• Economic and Technical Cooperation
• Deepening the Spirit of Community within APEC
• Appendices