Asian Pacific Economic Cooperation (APEC)

a regional alliance formed in 1990 with the general objective of establishing a FREE TRADE AREA, specifically creating a free trade zone for industrialized country members by 2010 and for developing country members by 2020. There are currently 17 members of APEC: USA, Canada, Japan, China/Hong Kong, Mexico, Chile, Australia, New Zealand, Papua New Guinea, South Korea, Taiwan, Thailand, Philippines, Brunei, Malaysia, Singapore and Indonesia. The USA, Canada and Mexico are also members of the NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA), and Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand are also members of the ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN). See TRADE INTEGRATION.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive

MIWD Operations Manager Edgar Calazara said that even with the Asian Pacific Economic Cooperation (APEC) meetings ongoing here, water supply for concessionaires is normal with no interruption.

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Russia is set to host the Asian Pacific Economic Cooperation summit, and Vladimir Putin and Dmitry Medvedev have met seven times with Asian leaders over the past 18 months.

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The recommendations also call for strengthening cooperation and information exchange with other international organizations and agencies such as the United Nations, the Asian Pacific Economic Cooperation Forum, and the G-8.

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