The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the
Asia-Pacific. APEC's 21 members aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable,
innovative and secure growth and by accelerating regional economic integration.
What Does APEC Do?
APEC ensures that goods, services, investment and people move easily across borders. Members facilitate this trade through faster customs
procedures at borders; more favorable business climates behind the border; and aligning regulations and standards across the region. For example,
APEC's initiatives to synchronize regulatory systems is a key step to integrating the Asia-Pacific economy. A product can be more
easily exported with just one set of common standards across all economies.
Sustainable and Inclusive Asia-Pacific
APEC works to help all residents of the Asia-Pacific participate in the growing economy. For example, APEC projects provide digital
skills training for rural communities and help indigenous women export their products abroad. Recognizing the impacts of climate change, APEC members also
implement initiatives to increase energy efficiency and promote sustainable management of forest and marine resources.
The forum adapts to allow members to deal with important new challenges to the region's economic well-being. This includes ensuring disaster
resilience, planning for pandemics, and addressing terrorism.
APEC's 21 member economies are Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea;
Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States of America;