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12-13 November 2011 opened the Asia-Pacific Economic Cooperation (APEC) informal leadership meeting in Honolulu, Hawaii, USA. In addition to the informal leadership meeting, November 8 to 13, APEC also held a series of ministerial meetings and Business Summit. Dictionary of Finance today let us take a look at the APEC.
People generally accustomed referred to as the Organization of Asia-Pacific Economic APEC stands for ASsia-Pacitific Economoc Cooperation ..
APEC is the highest level in the Asia-Pacific region, the greatest impact, the mechanism is the most comprehensive economic cooperation organization, closely linked to both sides of the Pacific countries and regions. APEC has 21 members, both developed and developing countries. Traditional economic powers and emerging economies. Total APEC member economies account for more than half of the world, more than 40% of the total global trade. Including the United States, China and Japan are the three largest economies in the APEC which. Differences of economic structure, economic complementarity, needs, and broad market prospects, means huge potential for economic and trade cooperation between the member states.
APEC focuses on the global and regional economic issues, such as the promotion of global multilateral trade system, the implementation of the Asia-Pacific trade and investment liberalization and facilitation of, and to promote financial stability and reform, and to carry out economic and technical cooperation and capacity-building.
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