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What does APEC mean?

Updated: 11/3/2022
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Asia Pacific Economic Cooperation

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Q: What does APEC mean?
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Who is the HEAD of APEC?

APEC doesn't have a Head. APEC's Chairmanship is held by the hosting member economy. Each year, APEC's Chairmanship is held by difference economy.


When was Universidad APEC created?

Universidad APEC was created in 1965.


When was APEC established?

1989


What is apec?

APEC is an intergovernmental organization that facilitates the economic growth, trade, cooperation and investment. This forum was established in the year 1989.


When was APEC's headquarters built?

singapore


What does APEC do?

"APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community."- apec.org


What is a four letter word for communist?

apec


How many countries are a part of apec?

21 countries


Who is the secretary of APEC?

Mr. Nianlu Zhang is the Secretary-General.


What trading bloc is Malaysia a member of?

APEC,Carirns,ASEAN


When did Canada join the APEC?

6-7 november 1989


What is the purpose of APEC?

TL;DR: APEC was made in response to other trade agreements such as EU. APEC aims to be a free trade zone in the Asia-Pacific area to increase trade, reduce unemployment and increase living standards in Asia-Pacific. This is essentially just a theory at the present time, however, because they just seldom meet and when they do meet, other issues are discussed such as terrorism. APEC accounts for 41% of the world's population, 54% of the world's GDP and 44% of world trade. APEC aims to achieve free trade and therefor reduce unemployment in the Asia-Pacific region. APEC encourages free trade and investment. It is also non-discriminatory, meaning that they will trade with countries outside their agreement so long as the other country gives equal access to their markets. APEC is different to the EU because of this. If the EU trades with a country that is not part of their agreement, they tend to impose greater tariffs. This leads to less trade.