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ABC news report of the first APEC meeting in Canberra, November 1989, featuring delegates watching the Melbourne Cup. The initial inspiration for APEC came when the Association of Southeast Asian Nations (ASEAN)'s series of post-ministerial conferences, launched in the mid-1980s, had demonstrated the feasibility and value of regular conferences among ministerial-level representatives of both ...
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region; APJ: Asia Pacific and Japan [3] APMA: Asia Pacific, Middle East and Africa; APSG: Asia Pacific and Singapore; Arab League: a regional organization of Arab countries
Member economies of the Asia-Pacific Economic Cooperation (APEC). The Asia–Pacific (APAC) is the region of the world adjoining the western Pacific Ocean.The region's precise boundaries vary depending on context, but countries and territories in Australasia, East Asia, and Southeast Asia are often included.
Asia-Pacific Economic Cooperation − APEC, an international economic trade bloc and political organization of Pacific Rim and Asia-Pacific countries.
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
Organisations grouping almost all the countries in their respective continents. Note that Cuba is a suspended member of the Organization of American States (OAS). Several smaller regional organizations with non-overlapping memberships. Several non-overlapping large alliances. Softer colors indicate observer/associate or candidate countries.
Among other things, it called for reduction by 90 percent of all tariffs between member countries by 1 January 2006, and reduction of all trade tariffs to zero by the year 2015. [12] Although original and negotiating parties are members of the Asia-Pacific Economic Cooperation (APEC), the TPSEP (and the TPP it grew into) are not APEC initiatives.
It is the oldest preferential trade agreement between countries in the Asia-Pacific region. The APTA market covers 2.7 billion people and accounted for US$15 trillion in terms of gross domestic product in Fiscal Year 2015–2016. [ 3 ]