APEC Economic Community

The APEC Economic Community refers to the collaborative effort among the Asia-Pacific Economic Cooperation (APEC) member countries to promote free trade and economic cooperation in the region. Established in 1989, APEC aims to enhance economic growth and prosperity by reducing tariffs, encouraging trade, and supporting sustainable development. The community consists of 21 member economies, including countries like the United States, China, and Japan, which work together to improve trade relations, share best practices, and address economic challenges, ultimately fostering a more integrated and prosperous Asia-Pacific region.