Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation APEC is a forum for 21 Pacific Rim member economies1 that promotes free trade throughout the Asia-Pacific region It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to defuse fears that highly industrialised Japan a member of G8 would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe2
An annual APEC Economic Leaders Meeting is attended by the heads of government of all APEC members except Taiwan which is represented by a ministerial-level official under the name Chinese Taipei as economic leader3 The location of the meeting rotates annually among the member economies, and a famous tradition, followed for most but not all summits, involves the attending leaders dressing in a national costume of the host country
Contents
1 History
2 Member economies
3 Possible enlargement
4 Business Facilitation
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