Economics Trade Agreements Questions Medium
APEC, which stands for Asia-Pacific Economic Cooperation, is an intergovernmental forum that promotes economic cooperation and trade among its member economies. As of 2021, APEC consists of 21 member economies. These economies are:
1. Australia
2. Brunei Darussalam
3. Canada
4. Chile
5. China
6. Hong Kong, China
7. Indonesia
8. Japan
9. Malaysia
10. Mexico
11. New Zealand
12. Papua New Guinea
13. Peru
14. Philippines
15. Russia
16. Singapore
17. South Korea
18. Taiwan (officially known as Chinese Taipei)
19. Thailand
20. United States
21. Vietnam
It is important to note that APEC is not a formal trade agreement, but rather a cooperative forum for member economies to discuss and promote regional economic integration and liberalization.