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Asia-Pacific Economic Cooperation APEC Senior Officials Forge Common Ground ahead of Leaders’ Meeting Gyeongju, Republic of Korea | 27 October 2025
About APEC What Does APEC Do? APEC ensures that goods, services, investment and people move easily across borders Members facilitate this trade through faster customs procedures at borders; more favorable business climates behind the border; and aligning regulations and standards across the region
History - APEC The idea of APEC was firstly publicly broached by former prime minister of Australia Bob Hawke during a speech in Seoul, Korea, on 31 January 1989 Ten months later, 12 Asia-Pacific economies met in Canberra to establish APEC
Achievements and Benefits - APEC APEC has grown to become a dynamic engine of economic growth and one of the most important regional forums in the Asia-Pacific Its 21 member economies are home to around 2 95 billion people and represent approximately 62 percent of world GDP and 48 percent of world trade in 2021
Frequently Asked Questions - APEC The APEC Secretariat serves as the core support mechanism for the APEC process, providing procedural guidance, coordination, information and public outreach services
Member Economies - APEC Discover the 21 member economies of APEC and their collaborative efforts to promote prosperity and economic integration in the Asia-Pacific region
How APEC Operates The Project Database contains information about all APEC projects Member economies also provide considerable resources to assist the operation of APEC These include the secondment of professional staff to the Secretariat; the hosting of meetings; and partial or full funding of some projects
News Releases - APEC APEC economies are stepping up efforts to close the women’s health financing gap through stronger cross-sector collaboration, following the APEC Smart Families Workshop on Innovative Financing for Women’s Health held recently in Incheon
Events - APEC APEC ASEAN Cooperation Contact Point APEC Business Advisory Council APEC Food System APEC Policy Support Unit APEC Putrajaya Vision 2040 APEC Secretariat APEC Study Centers Contact Point APEC Study Centres APEC Study Centres Consortium Automotive Dialogue Budget and Management Committee Business Mobility Group Chemical Dialogue
APEC Business Travel Card (ABTC and virtual ABTC) The Asia Pacific Economic Cooperation (APEC) Business Travel Card (ABTC) facilitates short-term business travel within the APEC region by streamlining the entry process into APEC economies