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The Asia-Pacific Economic Cooperation, or Apec, is an alliance between 21 economies that border the Pacific Ocean. Among Apec’s 21 members are some of the world’s largest economies like China, Japan and the US, but also much smaller ones like Myanmar, Papua New Guinea and Peru. Apec was first introduced in 1989, with the aim to support sustainable economic growth and prosperity in the Pacific Rim and every year since, the member economies meet during a summit. Apec summits tackle issues as varied as free trade, data privacy and climate change.
In 2018, Apec meets for the 30th time. The summit takes held in Port Moresby, Papua New Guinea from November 17-18
