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New page: '''APEC''' (Asia-Pacific Economic Cooperation) is an association of 21 countries in the Asia-Pacific region which works together to achieve economic growth, cooperation, trade and investme...
'''APEC''' (Asia-Pacific Economic Cooperation) is an association of 21 countries in the Asia-Pacific region which works together to achieve economic growth, cooperation, trade and investment. <ref>http://www.apec.org/content/apec/about_apec.html</ref>
APEC operates on the basis of non-binding commitments. Unlike other multilateral trade bodies, APEC has no treaty obligations required of its participants. Decisions made within APEC are reached by consensus and commitments are undertaken on a voluntary basis.
==Purpose and Goals==
APEC was established in 1989 with the aims of enhancing economic growth and prosperity for the region and strengthening the Asia-Pacific community.
Since its inception, APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating more efficient domestic economies and increasing exports. In 1994 the APEC leaders agreed the 'Bogor Goals' of free and open trade and investment in the Asia-Pacific by 2010 for industrialised economies and 2020 for developing economies.
==Member States==
APEC's 21 members account for approximately 41% of the world's population, approximately 56% of world GDP and about 49% of world trade. These members are:
* [[Australia]]
* [[Brunei|Brunei Darussalam]]
* [[Canada]]
* [[Chile]]
* [[China]]
* [[Hong Kong]]
* [[Indonesia]]
* [[Japan]]
* [[South Korea|Republic of Korea]]
* [[Malaysia]]
* [[Mexico]]
* [[New Zealand]]
* [[Papua New Guinea]]
* [[Peru]]
* [[Philippines]]
* [[Russia]]
* [[Singapore]]
* [[Taiwan]]
* [[Thailand]]
* [[United States of America]]
* [[Vietnam]]
==References==
<references />
APEC operates on the basis of non-binding commitments. Unlike other multilateral trade bodies, APEC has no treaty obligations required of its participants. Decisions made within APEC are reached by consensus and commitments are undertaken on a voluntary basis.
==Purpose and Goals==
APEC was established in 1989 with the aims of enhancing economic growth and prosperity for the region and strengthening the Asia-Pacific community.
Since its inception, APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating more efficient domestic economies and increasing exports. In 1994 the APEC leaders agreed the 'Bogor Goals' of free and open trade and investment in the Asia-Pacific by 2010 for industrialised economies and 2020 for developing economies.
==Member States==
APEC's 21 members account for approximately 41% of the world's population, approximately 56% of world GDP and about 49% of world trade. These members are:
* [[Australia]]
* [[Brunei|Brunei Darussalam]]
* [[Canada]]
* [[Chile]]
* [[China]]
* [[Hong Kong]]
* [[Indonesia]]
* [[Japan]]
* [[South Korea|Republic of Korea]]
* [[Malaysia]]
* [[Mexico]]
* [[New Zealand]]
* [[Papua New Guinea]]
* [[Peru]]
* [[Philippines]]
* [[Russia]]
* [[Singapore]]
* [[Taiwan]]
* [[Thailand]]
* [[United States of America]]
* [[Vietnam]]
==References==
<references />