Economic Cooperation (APEC) is a forum for facilitating economic growth,
cooperation, trade and investment in the Asia-Pacific region. APEC has a
membership of 21 economic jurisdictions, a population of over 2.5 billion
and a combined GDP of 19 trillion US dollars accounting for 47 percent of
world trade. APEC is the premier forum for facilitating economic growth,
cooperation, trade and investment in the Asia-Pacific region. It is a unique forum operating on the basis of open dialogue and equal
respect for the views of all participants.
As the primary regional vehicle for promoting trade and investment and
practical economic cooperation, the end result of APEC’s activities includes
increased employment opportunities and community development. APEC is working to achieve what are referred to as the ‘Bogor Goals’ of
and open trade and investment in the Asia-Pacific by 2010 for developed
economies and 2020 for developing economies.
We have identified three specific areas that are crucial to achieving the Bogor Goals. These three pillars are:
- Trade and Investment Liberalization
- Business Facilitation, and
- Economic and Technical Cooperation.
Since its inception in 1989, APEC has helped to reduce tariffs and other
barriers to trade in the Asia-Pacific region, and has also worked to ensure
the safe and efficient movement of goods, services and people across the
borders in the region through facilitating practical policy formulation in
the Asia-Pacific Economic Cooperation economies and by facilitating economic and technical cooperation.