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| Established in 1989, the Asia-Pacific Economic Cooperation (APEC) is an
inter-governmental forum facilitating economic growth and prosperity,
cooperation, trade and investment in the Asia-Pacific region, and operates on
the basis of non-binding commitments, open dialogue and equal respect. APEC
has represented the most economically dynamic region in the world, with its 21
member economies accounting for 41 percent of the world's population, 56 percent
of world GDP and nearly half of world trade. |
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