HIROSHIMA, Feb. 22 Kyodo
Following are basic facts relating to the Asia-Pacific Economic Cooperation forum, whose senior officials gathered in Hiroshima on Monday for a two-day meeting to prepare for an annual summit in November which will be hosted by Japan in Yokohama.
APEC
postcard printing-- was established in 1989 as a gathering to boost trade among Pacific Rim economies. Its activities are based on nonbinding principles.
-- currently groups 21 economies -- Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan, rolex replica Thailand, the United States and Vietnam.
-- accounts for half the world's global economic output, some 40 percent of its population and 44 percent of its trade value.
-- rotates chairmanship annually with the chair hosting a series rolex fake of meetings throughout each year, including ministerial meetings and the leaders' summit.
-- has various committees that discuss issues ranging from market access and intellectual property rights to human resource development.
-- takes advice from the nongovernmental APEC Business Advisory Council.
-- aims to create a region-wide free trade zone, dubbed the Free Trade Area in the Asia Pacific, or FTAAP.
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