Logo of APEC.
The Asia-Pacific Economic Corporation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region. It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to defuse fears that highly industrialized Japan (a member of G8) would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe.
APEC meetings are held annually in a city located within the host country and is usually attended by the heads-of-government except for the member state of Taiwan, which is represented by an official from the international designation known as Chinese Taipei.
Members[]
Australia
Brunei
Canada- Chile
- People's Republic of China (PRC)
- Republic of China (Taiwan or ROC; as Chinese Taipei)
- Hong Kong
- Indonesia
- Japan
- South Korea
- Malaysia
- Mexico
- New Zealand
- Peru
- Philippines
- Papua New Guinea
- Russia
- Singapore (headquarters)
- Thailand
- United States
- Vietnam
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