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 Asia-Pacific Economic Cooperation (APEC)

Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies 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 Europe.


An annual APEC Economic Leaders' Meeting is attended by the heads of government of all APEC members except Republic of China (Taiwan) (which is represented by a ministerial-level official under the name Chinese Taipei as economic leader). 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. APEC has three official observers: the Association of Southeast Asian Nations Secretariat, the Pacific Economic Cooperation Council and the Pacific Islands Forum Secretariat. APEC's Host Economy of the Year is considered to be invited in the first place for geographical representation to attend G20 meetings following G20 guidelines.

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updated Tue. March 26, 2024

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The Asia-Pacific Economic Cooperation (APEC) Framework on Human Resource Development in the Digital Age was adopted by the 21 APEC member countries at the Asia Pacific Economic Forum, in Vietnam, in May 2017. Its policies are now being rolled out by APEC governments. The framework's ...
The earthquake disaster will not affect PNG's preparations to host the APEC meetings leading up to the Leaders Summit in November. Prime Minister Peter O'Neill said PNG was hosting the APEC – Asia-Pacific Economic Cooperation – a first senior officials meeting in Port Moresby when the earthquake ...

Senior Officials from APEC Member countries have visited Goroka town as a conclusion to the Senior Officials Meeting 1 (SOM1) in Port Moresby. The visit was aimed to give delegates an insight into how the coffee sector contributes to the PNG economy. It involved coffee tasting and the delegates were ...
As a senior U.S. official for Asia-Pacific Economic Cooperation (APEC), Matthews came to Taiwan for a brief one day, following his trip to Papua New Guinea for the forum's Senior Officials Meeting. Papua New Guinea will also host the APEC summit this year from November 12 to 18. Without specifying ...
Papua New Guinea has successfully secured funding and has improved its ratings in the World Bank. The renewed APEC agenda on structural reform was discussed during the economic committee meeting last Monday, March 5, in Port Moresby. The APEC economic committee meeting was the third high ...
On March 6, 2018, Singapore's Ministry of Communications and Information announced that Singapore has joined the APEC Cross-Border Privacy Rules (“CBPR”) and Privacy Recognition for Processors (“PRP”) systems. As we previously reported, Singapore submitted its intent to join both systems in July ...

One contact at a drug manufacturer recalled how one of his company's factories was forced to halt production for an entire month after one of its key suppliers in Beijing was forced to cease operations during an Asia-Pacific Economic Cooperation meeting a few years back. Another remarked how traffic ...
Vladimir Putin and Donald Trump during the Asia-Pacific Economic Cooperation leaders' summit in the Vietnamese city of Danang. By Michael A. Cohen Globe Columnist March 06, 2018. None of us know the extent to which the Trump campaign actively colluded with Russia during the 2016 presidential election. But what ...
Trade ministers and delegates from the remaining TPP members attend a ministerial meeting ahead of the Asia-Pacific Economic Cooperation (APEC) leaders summit in Danang on Nov. 9, 2017. Coming in the same week that Trump risked a trade war over his decision to introduce tariffs on imported steel ...
I happen to be writing this blog on the plane to Manila from Port Moresby, where OBG has just held a roundtable event centered on the economic opportunities arising from PNG's chairmanship of Asia-Pacific Economic Cooperation (APEC) in 2018. PNG is hosting APEC at a time when it faces formidable ...

“Papua New Guinea isn't having to pay the full APEC costs on its own. Other countries are, in effect, subsiding the event, particularly Australia and China,” Al Jazeera's Andrew Thomas reports from Port Moresby, Papua New Guinea. Despite significant financial help from foreign countries - there's concern ...
President Donald Trump chats with Russia's President Vladimir Putin as they attend the APEC Economic Leaders' Meeting, part of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in the central Vietnamese city of Danang in November 2017. (Mikhail Klimentyev / AFP/Getty Images).
The world is 'less stable and predictable than during the Cold War,' EIU experts warn. Moscow's increasing assertiveness and provocative military actions in recent years have alarmed its neighbors in Europe and the wider West. Russia is accused of interfering in the run-up to the 2016 U.S. election.
The government announced Wednesday that Osaka has been chosen as the venue for next year's summit meeting of advanced and emerging economies at a time when Japan assumes the G-20 presidency for the first time. Prime Minister Shinzo Abe made the decision based on the city's successful ...
Papua New Guinea's APEC ambassador Ivan Pomaleu has called on APEC officials to deal with the pressing matters efficiently, progress existing programs and identify future inclusive opportunities in order to meet our shared aspirations of the 21 member economies. He said this during the opening of the ...
According to a press release from the Personal Data Protection Commission (PDPC) of Singapore, the country has become the sixth APEC (Asia-Pacific Economic Cooperation) economy to participate in the Cross-Border Privacy Rules System (CBPR) alongside USA, Mexico, Canada, Japan and the ...
Japan refused to participate in initiatives without the United States' participation (such as the East Asia Economic Caucus) and it supported US-inclusive frameworks like the Asia Pacific Economic Cooperation forum and the East Asia Summit. The guiding principle was to keep the United States engaged in ...


 

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