Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
The Asia-Pacific Economic Cooperation (APEC) has 21 member economies, which account for about 60% of the world's gross domestic product and about 47% of the world's trade. In 1989, China, Hong Kong , Taiwan joined by the United States, Australia, Brunei, Canada, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States and other 12 countries ; Mexico and Papua New Guinea joined in 1993; Chile joined in 1994; Peru, Russia and Vietnam joined in 1998.
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