Google trend - Apec

Apec - 10 things to know with detail

• The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to promote economic cooperation and integration among its 21 member economies from the Asia-Pacific region.
• APEC member economies include Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan, Thailand, the United States, and Vietnam.
• APEC operates on the principle of non-binding commitments and voluntary participation, allowing member economies to set their own priorities and initiatives for cooperation.
• APEC's main goals include promoting free and open trade and investment, facilitating economic and technical cooperation, and promoting sustainable economic growth and development in the region.
• APEC holds an annual Economic Leaders' Meeting, where heads of state or government from member economies discuss key regional economic issues and set the agenda for future cooperation.
• APEC also holds various ministerial meetings, working groups, and committees on specific areas such as trade, investment, economic policy, and sustainable development.
• APEC promotes the Bogor Goals, which aim to achieve free and open trade and investment in the Asia-Pacific region by 2020 for developed economies and 2025 for developing economies.
• APEC member economies account for more than half of global GDP and trade, making it one of the most economically significant regional forums in the world.
• APEC has played a key role in promoting regional economic integration, facilitating trade and investment flows, and enhancing cooperation on issues such as digital economy, food security, and climate change.
• APEC has faced challenges in recent years, including increasing protectionism, geopolitical tensions, and the rise of populism, which have tested its ability to maintain its commitment to free and open trade in the region.