answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

What are some of the international organizations that the US is accredited to?

Some of then are the WTO(World Trade Organization),APEC(Asia Pacific Economic Cooperation.


What is apec?

APEC is an intergovernmental organization that facilitates the economic growth, trade, cooperation and investment. This forum was established in the year 1989.


What is the purpose of APEC?

TL;DR: APEC was made in response to other trade agreements such as EU. APEC aims to be a free trade zone in the Asia-Pacific area to increase trade, reduce unemployment and increase living standards in Asia-Pacific. This is essentially just a theory at the present time, however, because they just seldom meet and when they do meet, other issues are discussed such as terrorism. APEC accounts for 41% of the world's population, 54% of the world's GDP and 44% of world trade. APEC aims to achieve free trade and therefor reduce unemployment in the Asia-Pacific region. APEC encourages free trade and investment. It is also non-discriminatory, meaning that they will trade with countries outside their agreement so long as the other country gives equal access to their markets. APEC is different to the EU because of this. If the EU trades with a country that is not part of their agreement, they tend to impose greater tariffs. This leads to less trade.


What is the aim of apec?

APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community.Since its inception, APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating efficient domestic economies and dramatically increasing exports. Key to achieving APEC's vision are what are referred to as the 'Bogor Goals' of free and open trade and investment in the Asia-Pacific by 2010 for industrialised economies and 2020 for developing economies. These goals were adopted by Leaders at their 1994 meeting in Bogor, Indonesia.see the related link for more info


When was APEC established?

1989

Related Questions

What are some of the international organizations that the US is accredited to?

Some of then are the WTO(World Trade Organization),APEC(Asia Pacific Economic Cooperation.


What is apec?

APEC is an intergovernmental organization that facilitates the economic growth, trade, cooperation and investment. This forum was established in the year 1989.


What is the purpose of APEC?

TL;DR: APEC was made in response to other trade agreements such as EU. APEC aims to be a free trade zone in the Asia-Pacific area to increase trade, reduce unemployment and increase living standards in Asia-Pacific. This is essentially just a theory at the present time, however, because they just seldom meet and when they do meet, other issues are discussed such as terrorism. APEC accounts for 41% of the world's population, 54% of the world's GDP and 44% of world trade. APEC aims to achieve free trade and therefor reduce unemployment in the Asia-Pacific region. APEC encourages free trade and investment. It is also non-discriminatory, meaning that they will trade with countries outside their agreement so long as the other country gives equal access to their markets. APEC is different to the EU because of this. If the EU trades with a country that is not part of their agreement, they tend to impose greater tariffs. This leads to less trade.


International organizations Philippines is a member?

we are a member of WTO, APEC, ASEAN


What has the author Seunghee Han written?

Seunghee Han has written: 'APEC trade liberalisation' -- subject(s): Asia Pacific Economic Cooperation (Organization), International economic relations


What are the trade organization's of China?

G-20, WTO, APEC and others.. SSHS civics class?


Which international group Australia is in?

Australia holds membership in a few international groups including the Commonwealth of Nations, the United Nations, ASEAN, the WTO and APEC.


Who initially proposed the FTAAP Free Trade Area of Asia-Pacific idea?

The APEC Business Advisory Council (ABAC) has proposed that the APEC Leaders at Santiago on November 20-21, 2004 "agree to further examine the feasibility and potential scope and features of a Free Trade Area of the Asia Pacific (FTAAP)." President Ricardo Lagos of Chile, the host of the APEC summit, endorsed the concept.


Who is the HEAD of APEC?

APEC doesn't have a Head. APEC's Chairmanship is held by the hosting member economy. Each year, APEC's Chairmanship is held by difference economy.


How did Australia's relationship with Asia change from 1970-1990?

we started to depend on them for tradeing. This relates to Trade and is a case study of APEC ( i.e. Australia and changing trade with Asia from 1970 onwards ) Trade and Finance - APEC Asia-Pacific Economic Co-operation (APEC) is a group of Pacific Rim countries who meet with idea of improving economic and political ties between themsleves. The first meeting was held in Canberra, from November 5 to November 7, 1989. This meeting was roughly the start of the organization. It holds annual meetings in each of the member countries, all hosting forums on Free Trade agreements, economic growth, co-operation (between APEC countries), and also general trade and investment in the Asia-Pacific region. I have selected APEC (Asia-Pacific Economic Cooperation) as a case study to portray the trade between Australia and other Asian-Pacific countries. And because in feel it accurately represents Australia


When was Universidad APEC created?

Universidad APEC was created in 1965.


Why was apec created?

The Asia-Pacific Economic Cooperation (APEC) was created in 1989 to promote trade and economic cooperation among its member economies in the Asia-Pacific region. Its primary goal is to enhance regional economic integration, facilitate trade and investment, and foster sustainable economic growth. APEC aims to address common challenges and create a platform for dialogue and collaboration among diverse economies, thereby supporting overall stability and prosperity in the region.