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Asia-Pacific Economic Co-operation (APEC)

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The Statesman’s Yearbook

Part of the book series: The Statesman’s Yearbook ((SYBK))

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Abstract

Origin and Aims. APEC was established in 1989 to take advantage of the interdependence among Asia-Pacific economies, by facilitating economic growth for all participants and enhancing a sense of community in the region. Begun as an informal dialogue group, APEC is the premier forum for facilitating economic growth, co-operation, trade and investment in the Asia-Pacific region. APEC has a membership of 21 economic jurisdictions that together account for 40% of the world population, 43% of world trade and 55% of world GDP. APEC is working to achieve what are referred to as the ‘Bogor Goals’ of free and open trade and investment in the Asia-Pacific area.

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Palgrave Macmillan. (2016). Asia-Pacific Economic Co-operation (APEC). In: The Statesman’s Yearbook. The Statesman’s Yearbook. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-68398-7_97

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