Asia Pacific Economic Cooperation (APEC)

  • November 12, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Asia Pacific Economic Cooperation (APEC)

Subject – IR

Context – Xi warns against Cold War in Asia­Pacific

Concept –

  • Established: 1989
  • Members: 21
  • India is not a Member.
  • Member Nations: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, Vietnam and the United States.
  • Its 21 member economies are home to around 2.8 billion people and represented approximately 59% of world GDP and 49% of world trade in 2015.

India and APEC

  • India had requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea. Officials have decided not to allow India to join as India does not border the Pacific Ocean, which all current members do.
  • India was invited to be an observer for the first time in November 2011.
Asia Pacific Economic Cooperation (APEC) IR