Asia-Pacific Economic Cooperation Pact

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Related to Apec: ASEAN, OPEC

Asia-Pacific Economic Cooperation Pact (APEC)

A loose economic affiliation of Southeast Asian and Far Eastern nations. The most prominent members are China, Japan, and Korea.

Asia-Pacific Economic Cooperation Pact

An organization promoting trade and economic liberalization among countries with borders along the Pacific Ocean. It has 21 members including Australia, Canada, China, Chile, Japan, Russia, South Korea, and the United States. Heads of government of member nations meet annually to discuss trade and economic issues. It was established in 1989 and is headquartered in Singapore. See also: ASEAN, Free Trade Area of the Asia-Pacific.
References in periodicals archive ?
b) Reunion de Ministros (AMM: APEC Ministerial Meeting)
Noting the main reason why protest rallies were launched, Calaor said, "Apec meetings are aimed at promoting foreign capitals that politically and economically bastardise out country's resources and forces in production."
APEC should focus more on infrastructure development, particularly in emerging economies, he said.
engagement in the Asia-Pacific region has raised questions about APEC's continued role and relevance in U.S.
made throughout the year and make recommendations for APEC's future work."
Given the global economic challenges faced this year by APEC economies and the world, the APEC CEO Summit 2009 has chosen the theme: "Rebuilding the Global Economy: Crisis and Opportunity".
The Declaration states that climate change, energy security and clean development are "fundamental and interlinked challenges for the APEC region."
APEC officials have commenced work on determining the forums direction beyond 2020the regions aspirational target year for realizing free and open trade and investment and a cornerstone of the forums work over the past decades.
To recap, in 1994, after the Apec Leaders met in Indonesia, in the town of Bogor, they announced the adoption of the the long-term goal of free and open trade and investment in the Asia-Pacific.
"The Palace is pleased to announce that President Rodrigo Roa Duterte had a fruitful and productive participation in the 26th APEC Economic Leaders' Meeting, where he, together with 20 economic leaders, joined in the dialogue before prominent business leaders during the summit of chief executive officers of the APEC Business Advisory Council or ABAC, a meeting with leaders of the Pacific Islands Forum, and a dialogue with the International Monetary Fund (IMF)," Panelo said.
'We will take advantage of the avenues made accessible in Apec as its overall agenda is consistent with Philippine interests.
Apec sets Bogor Goal: liberalisation and openness to trade and investment will be fully implemented by developed member economies by 2010 and developing ones by 2020.