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.
