Asia Pacific Economic Cooperation


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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.

Asia Pacific Economic Cooperation (APEC)

a regional alliance formed in 1990 with the general objective of establishing a ‘free trade area’ (see TRADE INTEGRATION entry for details). There are currently 18 members of APEC: USA, Canada, Japan, China, Mexico, Chile, Australia, New Zealand, Papua New Guinea, South Korea, Taiwan, Hong Kong, 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).
References in periodicals archive ?
and Taiwan concluded an agreement to carry out Phase I of the Asia Pacific Economic Cooperation (APEC) Telecommunication Accord.
Filipinos expressed their adoration to the Prime Minister during his visit in the Philippines for the Asia Pacific Economic Cooperation (APEC) Summit in 2015, where netizens hailed him as an 'APEC hottie.'
The Asia Pacific Economic Cooperation (APEC) should trickle down economic growth by addressing inequalities in the region, Chile President Michelle Bachelet said during the APEC CEO Summit.
As Wendy and the rest of the interagency team and I work on our trade initiatives in 2005, we are delighted to know that Mike Ducker of FedEx will chair the Asia Pacific Economic Cooperation Business Advisory Council (ABAC) Working Group on Trade and Investment Liberalization and Facilitation.
Russia is a great power and a permanent member of the United Nations Security Council, a member of the Group of 8, the Group of Twenty Finance Ministers and Central Bank Governors, the Council of Europe, the Asia Pacific Economic Cooperation, the Shanghai Cooperation Organization and the Eurasian Economic Community, and the Organization for Security and Cooperation in Europe.

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