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APEC

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Definition of APEC

What does APEC mean?

acronym

  1. regional trade agreement between the Australia, Canada, Chile, China, Japan, Mexico, New Zealand, Papua New Guinea, Peru, Russia, South Korea, Taiwan (under the name Chinese Taipei), Hong Kong, US and members of ASEAN.

Explanation

APEC a.k.a. Asia-Pacific Economic Cooperation is a forum for 21 Pacific Rim member economies that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region. It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to fears that highly industrialized Japan would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe. APEC works to raise living standards and education levels through sustainable economic growth and to foster a sense of community and an appreciation of shared interests among Asia-Pacific countries. APEC includes newly industrialized economies, although the agenda of free trade was a sensitive issue for the developing NIEs at the time APEC founded, and aims to enable ASEAN economies to explore new export market opportunities for natural resources such as natural gas, as well as to seek regional economic integration by means of foreign direct investment.

Printed dictionaries and other books with definitions for APEC

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Google previewThe Security Environment in the Asia-Pacific (2016)

by Hung-Mao Tien, Ten-jen Cheng

Besides its economic functions, APEC is an important vehicle for confidence building in the region...

APEC is a means to further engage industrializing countries in multilateralism and to develop a better understanding of WTO discipline and ...

Google previewRoutledge Handbook of Asian Regionalism (2012)

by Mark Beeson, Professor and Chair of the Department of Political Science Richard Stubbs, Richard Stubbs

APEC is an intriguing organization. It is difficult to think of another regional institution that has gone from the enthusiasm of creation to the disillusionment of stagnation quite so rapidly. Within years of its first meeting, in November 1989, APEC ...

Google previewAPEC at 20 (2009)

Recall, Reflect, Remake by K Kesavapany, Hank Lim

APEC member economies, APEC is a unique forum, operating on the basis of open dialogue and respect for the views of all participants. It is a unique regional institution committed to reducing barriers to trade and investment following the ...

Google previewTranscending New Public Management (2017)

The Transformation of Public Sector Reforms by Per Lægreid

APEC is a regional association of aeconomies«, not astates« or agovernments«, thereby avoiding treading on the toes of ASEAN while also emphasizing its largely economic focus. It is an ideal setting for informal networking among sectoral ...

Google previewCase Studies in Language Curriculum Design (2013)

Concepts and Approaches in Action Around the World by John Macalister, I.S.P. Nation

APEC is a grouping of twentyone economies in the AsiaPacific region and numbers among its members such economic powerhouses as the United States, China, Japan, Korea, Canada, Australia, and Russia. It currently accounts for over 40 ...

Google previewASEAN in the New Asia (1997)

Issues & Trends by Siow Yue Chia, Marcello Pacini

APEC, by facilitating trade and investments and by dealing with economic disputes, can contribute to economic security, and ultimately to security. Secondly , APEC is an Asia-Pacific wide institution which brings together eighteen countries, ...

Google previewASEAN Beyond the Regional Crisis (2001)

Challenges and Initiatives by Mya Than

APEC is a departure from the traditional notion of a regional arrangement through its emphasis on voluntary dismantling of trade barriers in goods and services and developing trade facilitation measures to increase trade. It also allows ...

Google previewTrade Agreements and Financial Services (2002)

by Hazel J. Johnson, Patricia M. Langley

APEC is an organization established to mitigate the economic block and trade protection trend prevailing in the 1980s and to promote increased trade liberalization while adhering to GATT. The goal was to promote economic cooperation and ...

Google previewOperation of the Trade Agreements Program, The Year in Trade, 54th Report 2002

APEC is an intergovernmental group established to discuss matters of common interest among countries of the Pacific rim. World Trade Organization Multilateral trade negotiations were launched at the WTO Fourth Ministerial Conference in ...

Google previewHistorical Dictionary of Australia (2014)

by Norman Abjorensen, James C. Docherty

ASIA-PACIFIC ECONOMIC COOPERATION (APEC). APEC is a regional intergovernmental forum launched by the Bob Hawke government with the aim of fostering economic growth and development in the AsiaPacific and North American ...

Google previewA Dictionary of International Trade Organizations and Agreements (2011)

by Patrick Holden

AsiaPacific Economic Cooperation (APEC) APEC is aforum for cooperation and interaction betweena wide range of states in East Asia and the USA. Its 24 participating members include some of the largest economiesin theworld, notably the ...

Google previewEncyclopedia of Geography (2010)

by Barney Warf

The Asia-Pacific Economic Cooperation (APEC) forum is a supranational association of Pacific Rim economies whose leaders and other representatives meet with the purpose of improving economic linkages within the region. Australia ...

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APEC

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Small photo of Busan, Korea - May 27, 2016: The Nurimaru APEC is located on Dongbaekseom island and built for the 2nd APEC Leaders' meeting in 2005Small photo of Busan, Korea - May 23, 2016: The Nurimaru APEC is located on Dongbaekseom island and built for the 2nd APEC Leaders' meeting in 2005Small photo of BORACAY, PHILIPPINES - MAY 20, 2015: Apec conference center. Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the region.Small photo of The Nurimaru APEC is located on Dongbaekseom island and built for the 2nd APEC Leaders' meeting in 2005Small photo of BANGKOK, THAILAND - JUNE 18, 2016: A stamp printed in Japan shows flowers and APEC logo, series "APEC Conference" , circa 2010.Small photo of Lima, Peru - Oct 2: Policia and the armored vehicle ready for the protestor during APEC conference, on October 2, 2008 in Lima, PeruSmall photo of Busan, Korea - September 19, 2015: The Nurimaru APEC is located on Dongbaekseom island and built for the 2nd APEC Leaders' meeting in 2005. More...

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Scrabble value of A1P3E1C3

The value of this 4-letter word is 8 points, but it's not an accepted word in the Official Scrabble Players Dictionary.

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