APEC countries refer to the member nations of the Asia-Pacific Economic Cooperation (APEC) forum. APEC is an international organization that promotes economic cooperation, trade, and investment among its member economies.
Consisting of 21 member countries, the APEC region encompasses countries from East Asia, Southeast Asia, Oceania, and the Americas. APEC member nations include Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan, Thailand, the United States, and Vietnam.
The APEC region is home to some of the world's largest economies and represents a significant portion of global trade and investment. The forum operates on the principles of consensus-based decision-making and non-binding commitments, aiming to promote open and free trade, regional economic integration, sustainable development, and economic prosperity for its member economies.
APEC member countries engage in dialogues, negotiations, and cooperative initiatives on various issues, such as improving trade facilitation, reducing barriers to trade and investment, advancing economic and technical cooperation, enhancing regional connectivity, promoting inclusive growth, and supporting sustainable development. Through APEC, member economies strive to foster economic integration, sustainable development, and cooperation in the Asia-Pacific region, benefiting both their own economies and the broader international community.
