Asia-Pacific Economic Cooperation (APEC)

The Asia-Pacific Economic Cooperation (APEC) is a regional forum established in 1989 to promote economic growth, trade, and investment among its 21 member economies in the Asia-Pacific region. APEC aims to enhance collaboration on various issues, including trade liberalization, economic integration, and sustainable development. Member economies work together to reduce trade barriers, improve business environments, and foster innovation, ultimately enhancing the prosperity and stability of the region. APEC operates on a consensus basis and conducts meetings and initiatives to facilitate dialogue and cooperation among government leaders, businesses, and civil society.