Asia-Pacific Economic Cooperation (APEC)
Definition
An association dedicated to the trade, cooperation, and economic growth of nations along the Pacific. The Asia-Pacific Economic Cooperation (APEC) works to remove trade tariffs and other obstacles to trade in the area. The organization was established in 1989, and 21 nations are members. The APEC's headquarters are in Singapore. The countries involved are Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, China; Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, The Republic of the Philippines, The Russian Federation, Singapore, Chinese Taipei, Thailand, United States of America, and Viet Nam.
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