Asia-Pacific Economic Cooperation, or APEC, is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region. APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia- Pacific community.

Introduction to APEC

The vision of free trade policies and unrestricted growth is its defining feature. Each of the APEC's summits has produced a more articulation of its free trade policies. APEC is the only inter governmental grouping in the world operating based on non-binding commitments, open dialogue and equal respect for the views of all participants. Unlike the WTO or other multilateral trade bodies, APEC has no treaty obligations required of its participants. Decisions made within APEC are reached by consensus and commitments are undertaken on a voluntary basis.( APEC website 2005)

Member Economies that make up Apec at this moment, are 21 members - which account......

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Title: Apec- Economy Coorporation
Approximate Word Count: 1344
Approximate Pages: 6 (250 words per double-spaced page)

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