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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.
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When was APEC established?
1989
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 does APEC do?
"APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community."- apec.org
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 does APEC stand for?
APEC is the acronym for the Asia-Pacific Economic Cooperation, a group of Pacific Rim countries which promote free trade. The member economies (rather than countries) are:AustraliaBruneiCanadaChileRepublic of China (Taiwan)Hong Kong, ChinaIndonesiaJapanMalaysiaMexicoNew ZealandPeople's Republic of ChinaPeruPhilippinesRepublic of KoreaRussiaSingaporeThailandUnited StatesViet NamThe distinction between member economies and countries is so that Hong Kong, which is a special administrative region of PRC is a member alongside PRC.
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.
When was Universidad APEC created?
Universidad APEC was created in 1965.
How do you perceive the APEC Summit held by world leaders?
The aim of the APEC Summit is to have an open trade system for countries in the Asia-Pacific region with the European nations to the betterment of the economic stand of all members. For me, this APEC Summit is a good vehicle for third world countries to help themselves rise above poverty and oppression, and for European countries to strengthen their position as a regional superpower. This stance benefits both parties involved.
When was APEC established?
1989
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.
When was APEC's headquarters built?
singapore
What does APEC do?
"APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community."- apec.org
What is a four letter word for communist?
apec
How many countries are a part of apec?
21 countries
What does APEC mean?
Asia Pacific Economic Cooperation
Who is the secretary of APEC?
Mr. Nianlu Zhang is the Secretary-General.
What trading bloc is Malaysia a member of?
APEC,Carirns,ASEAN
