The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific region.
APEC’s 21 member economies are home to around 2.5 billion people, accounting for 60% of the world’s GDP and 47% of global trade.
The forum promotes free and open trade and investment, regional economic integration, and capacity building.
APEC’s work has been integral in shaping today’s global trading system and supporting the growth of the Asia-Pacific region.
The importance of APEC has only grown in recent years as the world has become increasingly interconnected.
As the leading economic forum in the Asia-Pacific region, APEC provides a crucial platform for member economies to engage on issues of regional importance and work towards common goals.
APEC has played a key role in liberalizing trade and investment, fostering economic growth and development, and promoting stability and prosperity in the Asia-Pacific region.
Looking ahead, APEC will continue to be an important forum for discussion and cooperation on economic issues of relevance to the Asia-Pacific region.