APEC – Driving trade and regional integration

The Asia-Pacific Economic Cooperation (APEC) is one of the most important regional economic groupings. Its long-standing commitment is to enhance economic growth, promote trade and create prosperity in the Asia-Pacific region. From its launch in 1989 to 2014, total APEC trade grew more than seven times, exceeding US$22 trillion, and GDP increased from US$11 trillion to US$44 trillion.

With Peru hosting the APEC process in 2016, the 24th APEC Economic Leaders' Meeting, the forum's highest level political meeting each year, will take place in Lima, on 19-20 November 2016.

Author: Krisztina Binder

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