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Asia-Pacific Economic Cooperation
(redirected from Asia-Pacific Economic Cooperation Forum)

   Also found in: Wikipedia 0.02 sec.
Asia-Pacific Economic Cooperation: see under Pacific Rim Asia-Pacific Economic Cooperation (APEC), which was established in 1989 to provide a forum for discussion on a broad range of economic issues, to encourage economic cooperation, and to promote trade among the market-oriented economies of the region.
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APEC

 in full Asia-Pacific Economic Cooperation

Trade group established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs (such as the European Union and the North American Free Trade Area) in other parts of the world. APEC works to raise living standards and education levels through sustainable economic growth and to foster a sense of community and an appreciation of shared interests among Asia-Pacific countries. At the end of the 1990s APEC's membership included its 12 founding members—Australia, Brunei, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and the United States—as well as Chile, China (including Hong Kong), Mexico, Papua New Guinea, Peru, Russia, and Vietnam; Taiwan also participates as “Chinese Taipei.” The Pacific Economic Cooperation Council, the South Pacific Forum, and the secretariat of the Association of Southeast Asian Nations maintain observer status. The APEC group represents about 40% of the world's population, 40% of global trade, and 50% of the world's gross national product. See also NAFTA; trade agreement; World Trade Organization.



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Clinton expressed optimism Sunday that Asian economies would bounce back with the help of the International Monetary Fund, internal reforms and the kind of free trade that is the prime goal of heads of state attending the Asia-Pacific Economic Cooperation forum.
At the Asia-Pacific Economic Cooperation forum in Bangkok, U.
At the Asia-Pacific Economic Cooperation forum in Bangkok, U.
 
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