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Asia-Pacific Economic Cooperation (Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries (formally Member Economies) that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region. It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to fears that highly industrialized Japan (a member of G8) would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe (where demand had been declining). WK Alexander Demidov); Asia-Pacific Economic Cooperation forum (8 Kyodo The following is the gist of a draft of the joint statement to be issued by the leaders of the Asia-Pacific Economic Cooperation forum after their Nov. Gist of draft statement by APEC leaders by Asian Economic News Leaders of the 21-member Asia-Pacific Economic Cooperation (APEC) forum, including the United States and China, will meet in Singapore on November 14-15 to discuss global economic recovery, environmental issues and free trade. APEC seeks sweeping world emission cuts by 2050 by AFP / AFP Asian Edition Yao said both the G-20 and the Asia-Pacific Economic Cooperation (APEC) have pledged to act against trade protectionism. China concerned over India's restrictions on its products by Asian News International. TFD Alexander Demidov) |
