{"id":70382,"date":"2025-10-27T13:45:39","date_gmt":"2025-10-27T08:15:39","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=70382"},"modified":"2025-10-27T13:45:39","modified_gmt":"2025-10-27T08:15:39","slug":"asia-pacific-economic-cooperation-apec","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/asia-pacific-economic-cooperation-apec\/","title":{"rendered":"Asia-Pacific Economic Cooperation (APEC)"},"content":{"rendered":"<h2><b>Asia-Pacific Economic Cooperation (APEC) Latest News<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">US President Donald Trump and his Chinese counterpart Xi Jinping are likely to meet at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.<\/span><\/p>\n<h2><b>About Asia-Pacific Economic Cooperation (APEC)<\/b><\/h2>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It is a <\/span><b>regional economic forum established in 1989<\/b><span style=\"font-weight: 400;\"> to leverage the growing interdependence of the Asia-Pacific.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It aims to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative, and secure growth and by accelerating regional economic integration.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>focus <\/b><span style=\"font-weight: 400;\">of APEC has been <\/span><b>on trade and economic issues,<\/b><span style=\"font-weight: 400;\"> and hence, it <\/span><b>terms the countries as \u201ceconomies\u201d.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It has been <\/span><b>operating on the basis of non-binding commitments,<\/b><span style=\"font-weight: 400;\"> with <\/span><b>decisions taken through commitments<\/b><span style=\"font-weight: 400;\"> and <\/span><b>consensus undertaken on a voluntary basis.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There are <\/span><b>no binding commitments or treaty obligations.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><b>Member Countries:<\/b>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Currently, APEC has <\/span><b>21 members.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>criterion for membership<\/b><span style=\"font-weight: 400;\">, however, is that <\/span><b>each member must be an independent economic entity, rather than a sovereign state.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The grouping\u2019s <\/span><b>current members<\/b><span style=\"font-weight: 400;\"> are <\/span><b>Australia, Brunei, Hong Kong, <\/b><span style=\"font-weight: 400;\">New Zealand, <\/span><b><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/papua-new-guinea-world-geography\/\" target=\"_blank\">Papua New Guinea<\/a>, the Philippines<\/b><span style=\"font-weight: 400;\">, Indonesia, China, Japan, South Korea, Russia, Canada, the United States, Mexico, Peru, Chile, Malaysia, Vietnam, Singapore, Thailand, and Taiwan.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>APEC Secretariat<\/b><span style=\"font-weight: 400;\"> is based in <\/span><b>Singapore <\/b><span style=\"font-weight: 400;\">and operates as the core support mechanism for the APEC process.\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">APEC&#8217;s member economies are home to more than 2.9 billion people and make up over <\/span><b>60 percent of global GDP. <\/b><\/li>\n<\/ul>\n<p><strong>Source: <a href=\"https:\/\/www.firstpost.com\/opinion\/trump-xi-apec-summit-us-china-trade-war-13945171.html\" target=\"_blank\" rel=\"nofollow noopener\">FP<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific. Read more about Asia-Pacific Economic Cooperation (APEC), Member Countries, Latest News.<\/p>\n","protected":false},"author":23,"featured_media":70348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3422],"class_list":{"0":"post-70382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-asia-pacific-economic-cooperation","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/70382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=70382"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/70382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/70348"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=70382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=70382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=70382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}