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Outline of APEC
Introduction of Member Economies
Roles and Functions

 
Outline of APEC


Asia-Pacific Economic Cooperation (APEC) was established to promote economic growth and joint prosperity of the Asia-Pacific region.

APEC was established in 1989 in Canberra, Australia as a ministerial meeting among 12 countries to achieve continued economic growth and joint prosperity in the Asia-Pacific region. Since 1993, APEC Economic Leaders' Meeting has been held annually.

The purpose of APEC is to contribute to overcoming economic, social and cultural differences among Member Economies and to continued economic growth in the region, thereby to ultimately establish an economic community in the Asia-Pacific region. In order to achieve this goal, APEC is concentrating on 'Trade and Investment Liberalization and Facilitation (TILF)' and 'Economic and Technical Cooperation(ECOTECH)' activities.

As the largest cooperating body with member economies accounting for approximately 57% of the world's GDP and approximately 46% of world trade, APEC's 'Member Economies' are made up of 21 countries.

APEC Member Economies
13 Economies in Asia
Brunei Darussalam / China / Hong Kong, China / Indonesia / Japan / Korea / Malaysia / Philippines / Russia / Singapore / Chinese Taipei / Thailand / Vietnam
5 Economies in America
Canada / Chile / Mexico / Peru / United States
3 Economies in Oceania
Australia / New Zealand / Papua New Guinea

Host Economies
Year        Host Economy          Venue
1993       United States            Seattle
1994         Indonesia               Bogor
1995            Japan                 Osaka
1996         Philippines              Subic
1997          Canada              Vancouver
1998         Malaysia           Kuala Lumpur
1999       New Zealand          Auckland
2000   Brunei Darussalam  Bandar Seri Begawan
2001           China                 Shanghai
2002          Mexico              Los Cabos
2003         Thailand               Bangkok
2004          Chile                   Santiago
2005          Korea                   Busan

 

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