What are the goals of APEC?

The goals of APEC (Asia-Pacific Economic Cooperation) are as follows:

1. Promote free and open trade: APEC aims to facilitate the liberalization of trade and investment in the Asia-Pacific region. It seeks to reduce barriers to trade, such as tariffs and non-tariff barriers, and promote the free flow of goods, services, and capital among member economies.

2. Enhance economic cooperation: APEC aims to foster closer economic cooperation among its member economies. This includes promoting regional economic integration, encouraging the sharing of best practices, and facilitating economic and technical cooperation to enhance the competitiveness and development of member economies.

3. Foster sustainable economic growth: APEC recognizes the importance of sustainable development and aims to promote economic growth that is environmentally friendly and socially inclusive. It seeks to address challenges such as climate change, energy security, and poverty reduction, while ensuring that economic growth is sustainable in the long term.

4. Strengthen regional economic integration: APEC aims to deepen regional economic integration by promoting the development of regional supply chains, facilitating the movement of goods and services across borders, and harmonizing regulations and standards among member economies. It seeks to create a seamless and integrated regional economy that benefits all member economies.

5. Build a resilient and inclusive Asia-Pacific community: APEC aims to build a resilient and inclusive Asia-Pacific community by promoting economic and social inclusion, enhancing connectivity and infrastructure development, and fostering people-to-people exchanges and cooperation. It seeks to create a sense of community and shared prosperity among member economies.

Overall, the goals of APEC are centered around promoting free and open trade, enhancing economic cooperation, fostering sustainable economic growth, strengthening regional economic integration, and building a resilient and inclusive Asia-Pacific community.