Stands for "Asia pacific economic cooperation" and is an economic forum involving most nations surrounding the pacific ocean.Its a very important forum and I personally believe it should be compared to the likes of the G8 and G20 summits.I really think that the public in the west should begin to take APEC seriously because it includes the US,China,Russia,Australia and Canada and is a very important summit interms of trade deals.Once India is accepted into APEC the organization will become one of the largest regional forums if not the largest.
This year the host nation is Australia.
There are currently 21 member nations in APEC and together all nations comprise of 56% of the worlds economy.Pritty damn important if you want your nations voice to be heard.
Prices shown in USD.
Type your email address below to get our free Urban Word of the Day every morning!
Emails are sent from email@example.com. We'll never spam you.