About APEC

21 APEC Economies

　　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, Russia, Singapore, Chinese Taipei, Thailand, The United States, Viet Nam.

　　China & APEC

　　Asia-Pacific Economic Cooperation (APEC) is one of the world largest regional economic cooperation organizations, and also one of the most important international multilateral economic cooperation organizations. Presently, APEC 21 members account for approximately 45% of the world's population, approximately 55% of world GDP and about 46% of world trade. APEC plays an important dynamic role in world economy, and has been one of the key platforms to promote trade investment and economic technology cooperation in Asia Pacific region. China pays high attentions to APEC work, and Chinese President has himself taken part in each APEC Economic Leaders' Meeting from 1993 to 2009. Moreover, China has fully taken part in various APEC activities, which creates a good external environment for China's reform and opening up and plays a pivotal role in the development of China's relationship with other APEC member economies.

　　About APEC Business Advisory Council (ABAC)

　　The APEC Business Advisory Council (ABAC) was created by the APEC Economic Leaders in November 1995 with the aim of providing advice to the APEC Economic Leaders on ways to achieve the Bogor Goals and other specific business sector priorities, and to provide the business perspective on specific areas of cooperation. Each economy nominates up to three members from the private sector to ABAC. These business leaders represent a wide range of industry sectors.

　　ABAC provides an annual report to APEC Economic Leaders containing recommendations to improve the business and investment environment in the Asia-Pacific region, and outlining business views about priority regional issues. ABAC is also the only non-governmental organization that is on the official agenda of the APEC Economic Leader's Meeting.

Source: Global Times