Apec

Only available on StudyMode
  • Download(s) : 64
  • Published : April 6, 2013
Open Document
Text Preview
APEC
Mission Statement

APEC is the premier Asia-Pacific economic forum. Our primary goal is to support sustainable economic growth and prosperity in the Asia-Pacific region. We are united in our drive to build a dynamic and harmonious Asia-Pacific community by championing free and open trade and investment, promoting and accelerating regional economic integration, encouraging economic and technical cooperation, enhancing human security, and facilitating a favorable and sustainable business environment. Our initiatives turn policy goals into concrete results and agreements into tangible benefits.

Member Economies

APEC has 21 members. The word 'economies' is used to describe APEC members because the APEC cooperative process is predominantly concerned with trade and economic issues, with members engaging with one another as economic entities. APEC Members| Date of Joining|

Australia| 6-7 Nov 1989|
Brunei Darussalam| 6-7 Nov 1989|
Canada| 6-7 Nov 1989|
Chile| 11-12 Nov 1994|
People's Republic of China| 12-14 Nov 1991|
Hong Kong, China| 12-14 Nov 1991|
Indonesia| 6-7 Nov 1989|
Japan| 6-7 Nov 1989|
Republic of Korea| 6-7 Nov 1989|
Malaysia| 6-7 Nov 1989|
Mexico| 17-19 Nov 1993|
New Zealand| 6-7 Nov 1989|
Papua New Guinea| 17-19 Nov 1993|
Peru| 14-15 Nov 1998|
The Philippines| 6-7 Nov 1989|
Russia| 14-15 Nov 1998|
Singapore| 6-7 Nov 1989|
Chinese Taipei| 12-14 Nov 1991|
Thailand| 6-7 Nov 1989|
The United States| 6-7 Nov 1989|
Viet Nam| 14-15 Nov 1998|

Achievements and Benefits

 
The Asia-Pacific region has consistently been the most economically dynamic region in the world. APEC member economies together account for: 40 percent of world population (2.7 billion people); 44 percent of global trade ($16.8 trillion) and 53 percent of world real GDP in purchasing power parity (PPP) terms ($35.8 trillion).[1]  The region’s real GDP (PPP) has also doubled from $17.7...
tracking img