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Glossary

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image of APEC logo.

Within this section:

General Information

Introduction to APEC more

What does APEC do?
APEC seeks to promote trade and economic relations between its 21 members in the Asia-Pacific region. more

What are APEC's goals and achievements?
APEC has the ultimate goal of free and open trade and investment in the Asia-Pacific region by 2020. more

Organisational structure of APEC
How APEC functions and where New Zealand fits in. more

Why APEC is important to New Zealand
14 of our top 20 export markets are APEC economies and APEC accounts for almost 50% of world trade. more

APEC - Frequently Asked Questions more

Business Information

Information for New Zealand Businesses
Find out how the private sector is involved in APEC's work. more

APEC Business Travel Card
A Travel Card for business people that facilitates swift entry through customs into member economies. more

APEC for New Zealand Businesses brochure (PDF 751KB) more

 

Introduction to APEC

APEC (Asia-Pacific Economic Cooperation) promotes closer economic relationships in the Asia-Pacific region to improve the business environment and raise the living standards of its members.


Introduction

APEC began in 1989 with 12 members and has now grown to 21.

APEC members are Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong China, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Viet Nam.

APEC members are referred to as "Member Economies” because not all members are states and the APEC process is predominantly concerned with trade and economic issues.

APEC spans four continents and is home to 40 per cent of the world’s population. APEC accounts for close to 44 per cent of the world’s trade and 54 per cent of global GDP.

APEC Member Economies
APEC member countries.

The focal point of APEC is its Annual Economic Leaders' Meeting, the largest gathering of its kind in the region. The APEC process involves ministerial and officials' forums covering a wide range of issues, including trade and investment, economic cooperation and counter-terrorism.

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Page last updated: Friday, 17 April 2009 13:58 NZST