Asia-Pacific Economic Cooperation (APEC)
Asia-Pacific Economic Cooperation, or APEC, is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region. APEC's 21 Member Economies are the United State; Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong; Indonesia; Japan; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Philippines; Russia; Singapore; South Korea; Taiwan; Thailand; and Viet Nam. The APEC CEO Summit Singapore 2009 will be held November 12-14, 2009.
The Future of APEC
Acting Senior Official Tong (Oct. 14): "APEC is strategically important to the United States because it is a primary venue for multilateral engagement with the Asia-Pacific on economic and other key interests. APEC’s growing economic importance is clear. The 21 APEC members account for 55 percent of world GDP; 45 percent of global trade; and 40 percent of the world’s population. Sixty percent of U.S. goods exports go to APEC economies. Five of America's top seven trade partners are APEC members." Full Statement | VideoSenior Official Tong (Nov. 3): "President Obama will make his first trip to Asia since taking office and participate in his first APEC leaders meeting in Singapore. There will be quite a raft of senior U.S. Government officials going to Singapore. Secretary Clinton is going to and participate in the annual ministerial meeting." Full Text | View Video
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