BIAC stands for Business and Industry Advisory Committee. It is an international organization that represents the interests of the business community to the Organization for Economic Cooperation and Development (OECD). The OECD is an intergovernmental organization comprised of 38 member countries, with the aim of promoting economic growth and improving living standards.
The BIAC serves as a platform for business representatives to communicate their views and concerns on policy matters related to the economy, trade, and investment. Its objective is to ensure that business perspectives are taken into account during the formulation of policies by the OECD member countries. The organization brings together business leaders, industry experts, and representatives from national business organizations to collaborate and engage with the OECD on various issues.
BIAC acts as a conduit between the business community and the OECD, providing a forum for dialogue, information sharing, and policy development. It conducts research, analysis, and advocacy on behalf of the business community, seeking to influence policy decisions and promote a favorable business environment. BIAC also actively participates in OECD committees, working groups, and consultations to provide business inputs and expertise.
Overall, BIAC plays a crucial role in promoting dialogue and collaboration between the business community and the OECD, facilitating the exchange of ideas, and contributing to the development of effective policies that support economic growth, innovation, and competitiveness.
