About APEC What Does APEC Do? APEC ensures that goods, services, investment and people move easily across borders Members facilitate this trade through faster customs procedures at borders; more favorable business climates behind the border; and aligning regulations and standards across the region
History - APEC The idea of APEC was firstly publicly broached by former prime minister of Australia Bob Hawke during a speech in Seoul, Korea, on 31 January 1989 Ten months later, 12 Asia-Pacific economies met in Canberra to establish APEC
Achievements and Benefits - APEC APEC has grown to become a dynamic engine of economic growth and one of the most important regional forums in the Asia-Pacific Its 21 member economies are home to around 2 95 billion people and represent approximately 62 percent of world GDP and 48 percent of world trade in 2021
Member Economies - APEC Discover the 21 member economies of APEC and their collaborative efforts to promote prosperity and economic integration in the Asia-Pacific region
How APEC Operates The Project Database contains information about all APEC projects Member economies also provide considerable resources to assist the operation of APEC These include the secondment of professional staff to the Secretariat; the hosting of meetings; and partial or full funding of some projects
News Releases - APEC APEC ministers issued a joint statement following the conclusion of their meeting in Gyeongju, co-chaired by Cho Hyun, Minister of Foreign Affairs, and Yeo Han-Koo, Minister for Trade of the Republic of Korea
Frequently Asked Questions - APEC The APEC Secretariat serves as the core support mechanism for the APEC process, providing procedural guidance, coordination, information and public outreach services
APEC Business Travel Card (ABTC and virtual ABTC) The Asia Pacific Economic Cooperation (APEC) Business Travel Card (ABTC) facilitates short-term business travel within the APEC region by streamlining the entry process into APEC economies
Overview - APEC APEC encourages the involvement of the private sector, universities and governments in the region in its projects Typically, requests for proposals tenders to implement projects are advertised on the APEC website