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APEC

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APEC
ASIA PACIFIC
ECONOMIC
COOPERATION
GROUP MEMBERS
PRATIK DUBE - 23
DEEP GANDHI - 25
ASTHA INANI - 33
SANJAY JAIN - 36
KUNAL MAKWANA - 51

APEC
 The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific
 APEC's 21 members aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration
 APEC has 21 member economies with a population of over 2.6 billion which accounts for more than 40% of the world’s population.
 APEC countries have a combined GDP of 21 trillion US dollars which is more than half of world GDP.
 APEC accounts for nearly half of world trade.

MEMBER ECONOMIES
* Australia

* Malaysia

* Brunei Darussalam

* Mexico

* Canada * New Zealand
* Chile

* Papua New Guinea

* People's Republic of China

* Peru

* The Republic of the Philippines

* Hong Kong, China

* The Russian Federation

* Japan

* United States of America

* Indonesia

* Chinese Taipei

* Singapore

* Republic of Korea * Viet Nam

Asia Pacific Economic Co-operation

WHAT DOES APEC DO?
 Ensures that goods, services, investment and people move easily across borders
 Faster customs procedures at borders  Favourable business climates behind the border
 Aligning regulations and standards across the region
 For example, APEC's initiatives to synchronize regulatory systems is a key step to integrating the Asia -Pacific economy HISTORY OF APEC
• APEC begins as an informal Ministerial-level dialogue group in Canberra, Australia in
1989. It is a 21 member economic forum at present.
• Founding members are
• Australia, New Zealand
• 6 ASEAN economies
• Japan and South Korea
• Canada and the United States
• Later the co-operation expanded to China, Taiwan, & Hong Kong in1991 Mexico &
Papua New Guinea in 1993 ,Chile (1994 ) , Russia, Vietnam, Peru in 1998.
• India,
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