APEC Forum

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APEC Forum

A loose grouping of nations which work together to facilitate economic growth, cooperation, trade and investment in the Asia-Pacific region. Formed as an initiative of Australia in 1989, it had grown by 2007 to encompass 21 members - Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand, United States and Viet Nam. Spanning four continents, APEC represents the most economically dynamic region in the world, accounting for approximately 40 per cent of the world's population, 56 per cent of world GDP and 48 per cent of world trade.

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