Asia-Pacific Economic Cooperation Pact

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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 ?
The possibility of currency intervention remains in order to stabilize the market," Putin said during his speech at the Asia-Pacific Economic Cooperation (APEC) summit in China.
After their first face-to-face meeting prior to the Asia-Pacific Economic Cooperation summit in Yokohama, Obama told reporters, ''We are going to continue to explore ways that we can work together to expand trade, expand investment, ensure that everybody is playing by the rules of the road in the region, and cooperating effectively.
As always, a key element of our work in each of these areas will be cooperation with Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) and with the broader business sector.
YOKOHAMA - Japanese Prime Minister Naoto Kan and Chinese President Hu Jintao held bilateral talks Saturday on the sidelines of the Asia-Pacific Economic Cooperation forum meetings in Yokohama as the two nations try to mend strained ties.
Russia offered to host the summit and ministerial meetings of the Asia-Pacific Economic Cooperation forum in 2012 during a two-day APEC ministerial meeting through Thursday in Hanoi, Japanese officials said.
regional and international strategy; promote stability in Northeast Asia, including on the Korean Peninsula; support the positive integration of China into regional and global institutions; strengthen regional institutions for managing political and economic challenges, including the ASEAN Regional Forum (ARF), Association of Southeast Asian Nations (ASEAN), and Asia-Pacific Economic Cooperation (APEC); and pursue regional growth and integration through free trade agreements (FTAs), Trade and Investment Framework Agreements (TIFAs), market openings, and other economic liberalization measures, as well as through democratization and rule of law programs.
During the recent Asia-Pacific Economic Cooperation (APEC) summit in Shanghai, Bush adminstration officials worked to reassure our newfound allies, Russia and Communist China, of our good intentions.
The leaders also expanded their ranks, adding Russia, Vietnam and Peru to the 18-nation Asia-Pacific Economic Cooperation group.
Senior ministers of Asia-Pacific Economic Cooperation (Apec) member economies declared on Friday their commitment to denying safe haven for corrupt officials fleeing prosecution and to strengthen mechanisms for their extradition.
Russian President Vladimir Putin is expected to visit the Philippines in November, 2015, to attend the Asia-Pacific Economic Cooperation (APEC) summit and other related meetings.
Japan no longer has overwhelming economic power in the region,'' so it needs to work more closely with other countries, Kan told a news conference in Yokohama after hosting the two-day summit of the Asia-Pacific Economic Cooperation forum through Sunday.

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