Apec

International Trade Meaning and Definition of Apec

Meaning of Apec

Asia-Pacific Economic Cooperation

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Apec in Historical Law

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Legal English Vocabulary: APEC in Spanish

Online translation of the English legal term apec into Spanish: APEC (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus

  • EU
  • APEC
  • Colombo Plan
  • regional development
  • regional organization
  • regional plan
  • regional planning
  • APEC in Global Commerce Policy

    In this regard, apec is: Asia Pacific Economic Cooperation [forum]. The entries on trade policy are here. Established in 1989. The basic objectives of APEC include (a) sustaining growth and development in the region, (b) strengthening an open multilateral trading system rather than the formation of a regional trading bloc, (c) a focus on economic rather than security issues and (d) to foster constructive interdependence by encouraging the flow of goods, services, capital and technology. The membership criteria adopted in 1997 are: (a) an applicant economy should be located in the Asia-Pacific region, (b) it should have substantial and broad-based economic linkages with the existing APEC members; in particular, the value of the applicant’s trade with APEC members, as a percentage of its international trade, should be relatively high, (c) it should be pursuing externally oriented, market-driven economic policies, and (d) a successful applicant will be required to produce an Individual Action Plan (IAP) for implementation and to commence participation in the Collective Action Plans across the APEC work program from the time of its joining APEC. The entries on trade policy are here. APEC ™s main agenda is to dismantle trade and investment barriers among all members by 2020. Developed country members have undertaken to do so by 2010. Several working groups have also been established to advance cooperation across a range of issues, especially in the areas of business facilitation and information exchange. Members of APEC are Australia, Brunei Darussalam, Canada, Chile, China, Chinese Taipei (Taiwan), Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Thailand, Vietnam and the United States. The entries on trade policy are here. APEC Economic Leaders agreed at their meeting in Vancouver in November 1997 that no new members would be admitted until 2008. The entries on trade policy are here. APEC is supported by a small secretariat based in Singapore. The entries on trade policy are here. APEC’s main meetings are hosted by one of the member economies for an entire year. This is APEC ™s main coordination mechanism. See also Bogor Declaration, Manila Action Plan for APEC, open regionalism, Osaka Action Agenda, Seoul Declaration, Shanghai Accord, strengthening the functioning of markets and other entries beginning with APEC.[1]

    APECin the wold Encyclopedia

    For an introductory overview on international trade policy, see this entry.

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    Notes and References

    1. Dictionary of Trade Policy, “APEC” entry (OAS)

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