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'''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''' ('''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.
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==
==Purpose and Goals==
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.
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.
The 2007 APEC meeting in [[Sydney]] signed a ''Declaration on Climate Change, Energy Security and Clean Development''. The declaration specifies wide-ranging and ambitious actions the APEC member economies will take to reduce greenhouse gas emissions. It will be the first time that both the US and China agree to long-term aspirational goal to reduce greenhouse gas emissions.
The next APEC meeting will take place in 2008 in [[Peru]].
==Member States==
==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:
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:
<div style="column-count:3;-moz-column-count:3;-webkit-column-count:3">
* [[Australia]]
* [[Australia]]
* [[Brunei|Brunei Darussalam]]
* [[Brunei|Brunei Darussalam]]
* [[United States of America]]
* [[United States of America]]
* [[Vietnam]]
* [[Vietnam]]
</div>
==References==
==References==
<references />
<references />
[[Category:Politics]]
[[Category:International Organizations]]