APEC (Asia-Pacific Economic Cooperation)

The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum that brings together 21 member countries from the Asia-Pacific region. Established in 1989, its primary aim is to promote free trade and economic cooperation among its members. APEC focuses on reducing trade barriers, enhancing economic growth, and fostering sustainable development. By facilitating discussions and collaborations, APEC helps member economies address shared challenges, improve the business environment, and support innovation. The forum's inclusive approach encourages participation from both developed and developing economies, making it a crucial platform for regional economic integration and dialogue.