APEC Economic Policy

APEC, or the Asia-Pacific Economic Cooperation, is a forum for 21 Pacific Rim countries aimed at promoting free trade and economic cooperation. Its economic policies focus on reducing tariffs, enhancing trade facilitation, and improving investment opportunities among member economies. APEC encourages collaboration on various issues, including sustainable growth, innovation, and digital economy, to boost economic development and prosperity in the region. By fostering partnerships and dialogue, APEC aims to create a more cohesive and dynamic economic environment, benefiting businesses and consumers across its member countries.