The Asia-Pacific Economic Cooperation, or APEC, is the leading forum in the Asia-Pacific to facilitate trade and investment, economic growth, and #regional cooperation.
APEC membership includes: 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; the United States of America; Vietnam.
Decisions made within APEC are reached by consensus and commitments are undertaken on a voluntary basis. APEC has contributed to the reduction of tariffs and other barriers to trade in the region over time, leading to the expansion of economic growth and #international trade.
Key to achieving APEC's vision are what are referred to as the “Bogor Goals,” APEC’s foundational goals of free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies, and by 2020 for developing economies. These goals were adopted by Leaders at their 1994 meeting in Bogor, Indonesia.
APEC Members
#APEC has 21 members, referred to as "Member Economies", which account for approximately 38 percent of the world's population, 60 percent of the world's total GDP and 47 percent of the world's trade. APEC Member #Economies are Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; the United States of America; and Viet Nam.
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