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Asia Pacific Economic Cooperation (APEC) was established in 1989 in
response to the growing interdependence among Asia-Pacific economies. From its modest
beginning as an informal Ministerial-level dialogue group with 12 members, APEC has become
a formidable regional forum, especially with the introduction of the annual informal
Economic Leaders’ Meeting in 1993. Its goal is to advance economic dynamism and sense
of community within the Asia-Pacific region.
Today there are 21 member
economies comprising some 2.5 billion people, a combined gross domestic product of over
US$18 trillion in 1999 and over 47 percent of world trade. APEC has established itself as
the primary regional vehicle for promoting open trade and practical economic and technical
cooperation.
APEC member economies
include: Australia, Brunei, Canada, Chile, China, Hongkong, Indonesia, Japan, South
Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia,
Singapore, Chinese Taipei, Thailand, the United States and Vietnam. (In 1997,
at Vancouver, Leaders agreed on a ten-year moratorium for accepting new members.)
Designed
and Managed by the OPS-EDP Staff |
EDP
Division, Office of the Press Secretary (OPS) |
Malacanang,
Philippines |
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HEADLINES - 10.29.02 |
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