The Asia Pacific Economic Cooperation (APEC) was established in 1989 as an informal Ministerial-level dialogue group with twelve members. Today APEC has 21 member economies spread out over four continents. APEC Member Economies work together to sustain economic growth through a commitment to open trade, investment and economic reform. This is accomplished by progressively reducing tariffs and other barriers to trade. The participating APEC economies are: Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong-China, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States, and Vietnam. India is not member of Apec.
RAS PDF and Printed Notes for RAS Prelims and Mains Exam
