APEC
Asian trade bloc
APEC stands for Asia-Pacific Economic Cooperation, a forum of Pacific Rim countries promoting free trade and economic cooperation.
Founded in 1989, it includes major economies like the United States, China, Japan, and Australia.
APEC summits bring together world leaders annually: The president is attending the APEC summit in Vietnam.
Countries bordering Earth's biggest sea
- ASEANSoutheast Asian intergovernmental body
- ChinaEast Asian superpower
- JapanEast Asian archipelago nation
- AustraliaSouthern Hemisphere continent-country
Korea · Indonesia · Thailand · Malaysia · Philippines · Singapore · Vietnam · New Zealand
Region without internal tariffs
- tariffsTaxes on imports
- customsTraditional practices or import taxes
- importObtain from overseas
- exportForeign-bound sale
goods · services · investment · economic integration · facilitation · barriers · quotas · protectionism
Joint financial activity between parties
- technical assistanceExpert help with systems
- voluntaryDone by choice
- consensusGeneral group agreement
- non-bindingNot legally enforceable
dialogue · partnership · working groups · action plans · best practices · standards · harmonization
Internet-driven commercial activity
- sustainable growthContinuable long-term expansion
- food securityGuaranteed adequate nutrition access
- energy securityAssured access to fuel
- connectivityState of being linked
Formal public announcement
- communiquéOfficial governmental announcement
- family photoImage of relatives together
- rotating chairSeat turning on base
- ManilaPhilippine seat of government
Yokohama · Vladivostok · Bali · Beijing · Lima · Da Nang · Papua New Guinea · Bangkok
Pacific Rim
Countries bordering Earth's biggest sea
- ASEANSoutheast Asian intergovernmental body
- ChinaEast Asian superpower
- JapanEast Asian archipelago nation
Australia · Korea · Indonesia · Thailand · Malaysia · Philippines · Singapore · Vietnam · New Zealand · Taiwan
free trade area
Region without internal tariffs
export · goods · services · investment · economic integration · facilitation · barriers · quotas · protectionism · supply chains
economic cooperation
Joint financial activity between parties
- technical assistanceExpert help with systems
- voluntaryDone by choice
- consensusGeneral group agreement
non-binding · dialogue · partnership · working groups · action plans · best practices · standards · harmonization
digital economy
Internet-driven commercial activity
- sustainable growthContinuable long-term expansion
- food securityGuaranteed adequate nutrition access
- energy securityAssured access to fuel
connectivity · infrastructure · human capital · SMEs · anti-corruption
declaration
Formal public announcement
- communiquéOfficial governmental announcement
- family photoImage of relatives together
- rotating chairSeat turning on base
Manila · Yokohama · Vladivostok · Bali · Beijing · Lima · Da Nang · Papua New Guinea · Bangkok · San Francisco
APECEuropean Union
Continental political-economic federation
WTO · USMCA · NAFTA · customs union · NATO
Favoring domestic over foreign commerce
protectionism · autarky · import substitution · mercantilism · trade barriers