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Asia-Pacific Economic Cooperation From Gyeongju to Busan: APEC Takes Key Steps Toward Sustainable and Resilient Marine Sector Through the Lens of Technology and Humanity: An Inspiring Journey to Winning APEC’s Photo Contest
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
APEC 2025: Korea Advances Regional Trade, AI, and Sustainability Agenda Korea kicks off its APEC 2025 host year in Gyeongju, a historic city home to numerous UNESCO World Heritage sites It brings together delegates from 21 economies to set the stage for a year of policy deliberations and cooperation on trade, digital transformation and sustainability
2024 APEC Ministerial Meeting These efforts build on previous APEC achievements and seek to respond to the needs and aspirations of our people, while strengthening APEC as the premier forum for economic cooperation in the Asia-Pacific region
2025 APEC Ministers Responsible for Trade Joint Statement We remain committed to APEC as the premier forum for regional economic cooperation and emphasize the importance of its role in bringing us together to address the economic challenges facing our region and create a more resilient and prosperous Asia-Pacific region
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
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
APEC Leaders’ Week in Peru: Members Join Together to “Empower, Include . . . Hosting APEC for the third time after 2008 and 2016, Peru has been the venue for more than 270 working meetings throughout 2024 in Lima, Arequipa, Pucallpa, Trujillo, and Urubamba Each meeting has produced deliverables or key documents that evidence consensus among APEC’s 21 member economies
APEC Secretariat 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