Asia-Pacific Economic Cooperation (APEC) is a premier, non-binding forum of 21 Pacific Rim economies established in 1989 to promote free trade, investment, and sustainable economic growth. Representing ~60% of global GDP and ~3 billion people, APEC facilitates regional economic integration through policy alignment,,. South Korea hosts APEC in 2025. Key Details Members (21 Economies): Australia; Brunei; Canada; Chile; China; Hong Kong; Indonesia; Japan; Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; Philippines; Russia; Singapore; Chinese Taipei; Thailand; United States; Vietnam. Purpose: To foster growth, create jobs, and facilitate trade liberalization across the Asia-Pacific. Structure: Operates on the basis of non-binding commitments, open dialogue, and equal respect for the views of all participants. 2025 Host (Korea): Focuses on "Connect. Innovate. Prosper," with priorities on digital/AI, sustainability, and supply chains. Key Focus Areas: Trade and investment liberalization, business facilitation, economic and technical cooperation. Key Outcomes & Functions APEC Putrajaya Vision 2040: A long-term framework aimed at creating an open, dynamic, resilient, and peaceful Asia-Pacific community. Business Facilitation: Reduces costs of cross-border trade, aligns regulations, and encourages public-private partnerships. Sustainability: Promotes initiatives like green energy, low-carbon model towns, and environmental protection.