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About APEC APEC's structure is based on both a "bottom-up" and "top-down" approach Four core committees and their respective working groups provide strategic policy recommendations to APEC leaders and ministers who annually set the vision for overarching goals and initiatives
History - APEC APEC leaders endorse the APEC Principles to Enhance Competition and Regulatory Reform, aimed at addressing the structural and regulatory weaknesses that contributed to the Asian Financial Crisis APEC commits to paperless trading by 2005 in developed economies and 2010 in developing economies
Achievements and Benefits - APEC Since 2004, APEC has implemented predictable and transparent regulatory practices across the region For example, APEC members have made great strides in ensuring new government laws are publicly communicated and their cost and benefits are appropriately assessed Connecting the Region
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
Frequently Asked Questions - APEC The 21 APEC member economies collectively account for more than half of world real GDP in purchasing power parity (PPP); this was a total of about US$35 8 trillion for all APEC economies in 2011 APEC economies also account for over 44 percent of total world trade
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
How APEC Operates APEC - A Multilateral Economic Forum Asia-Pacific Economic Cooperation (APEC) operates as a cooperative, multilateral economic and trade forum It is the only international intergovernmental grouping in the world committed to reducing barriers to trade and investment without requiring its members to enter into legally binding obligations
Charting APEC’s Framework for Sustainable Supply Chains APEC has long recognized the importance of concrete deliverables to support global business and trade A cornerstone initiative is the Supply Chain Connectivity Framework Action Plan (SCFAP) started in 2009, now in its third phase (2022–2026)
2024 APEC Leaders Machu Picchu Declaration We reaffirm our commitment to the APEC Food Security Roadmap Towards 2030 focusing on achieving food security across the Asia-Pacific region by promoting open, fair, transparent, productive, sustainable, resilient, innovative, and inclusive agri-food systems