Course Summary
APEC 2.6 billion people. Member economies: Australia, Brunei Darussalam, Canada, Chile, Singapore ... Objectives: economic growth, cooperation, trade and investment.
Asia-Pacific Economic Cooperation, or APEC, is the premier forum for
facilitating economic growth, cooperation, trade and investment in the
Asia-Pacific region.
APEC is the only inter governmental grouping in the world operating on the
basis of non-binding commitments, open dialogue and equal respect for the views
of all participants. Unlike the WTO
(World Trade Organization) or other multilateral trade bodies, APEC has
no treaty obligations required of its participants. Decisions made within APEC
are reached by consensus and commitments are undertaken on a voluntary basis.
APEC has 21 members which account for approximately 40.5% of the world's population, approximately 54.2% of world GDP and about 43.7%2 of world trade.
The Asia-Pacific region has consistently been the most economically dynamic region in the world. Since APEC's inception in 1989, APEC's total trade has grown 395%, significantly outpacing the rest of the world.
Sample of the Course:
Asia Scholarships
APEC's 21 Member Economies are:
Australia, Brunei Darussalam,
Canada,
Chile,
People's Republic of China,
Hong Kong, China,
Indonesia,
Japan,
Republic of Korea,
Malaysia,
Mexico,
New Zealand,
Papua New Guinea,
Peru,
The Republic of the Philippines,
The Russian Federation,
Singapore,
Chinese Taipei,
Thailand,
United States of America,
Vietnam.
The APEC Secretariat is based in Singapore and operates as the core support mechanism for the APEC process. It provides coordination, technical and advisory support as well as information management, communications and public outreach services.
Asia-Pacific, Economic Cooperation, APEC, Australia, Member, economies, Brunei Darussalam, Canada, Chile, Singapore, China, Hong Kong, economic growth, cooperation, trade, investment, Master, International Business
