Curious about the Asia-Pacific Economic Cooperation (APEC) summit? Here’s everything you need to know! APEC, established in November 1989, is a crucial economic forum fostering interdependence among Asia-Pacific nations. Originally formed with 12 member countries, it has now grown to include 21 members such as Japan, Australia, and Russia.
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APEC stands out because it’s not just about meetings between top leaders; it involves around 21,000 representatives from various government levels, making it a comprehensive platform for economic cooperation. This forum is vital as it accounts for over half of global trade and more than half of the global economy.
In the recent APEC summit held in San Francisco, US President Joe Biden made headlines by stating he still views Chinese President Xi Jinping as a dictator, a remark that China strongly opposed. Discover the key objectives of APEC, the significance of the summit, and the latest developments in this detailed video!
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