APEC Leaders’ Declaration
About APEC
- APEC is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific.
- APEC’s aim is 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.
- APEC operates as a cooperative, multilateral economic and trade forum.
- The APEC Secretariat is based in Singapore and operates as the core support mechanism for the APEC process.
Membership of APEC
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- There are 21 member economies at present. It includes Australia; Brunei Darussalam; Canada; Chile; People’s Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States of America; Viet Nam.
- India is a non-member.
Why in News?
- The Leaders of the 21 APEC member economies issued the 2022 Leaders’ Declaration following the 29th APEC Economic Leaders’ Meeting.
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