What is Apec – explained in 30 seconds
The Asia-Pacific Economic Cooperation club has 21 members that represent more than 50% of global GDP and are home to about 2.7 billion people
The idea of the Asia-Pacific Economic Cooperation group was firstly publicly broached during a speech in Seoul, South Korea, on 31 January 1989 by Bob Hawke, Australia’s prime minister of the time. Ten months later, 12 Asia-Pacific economies met in Canberra to establish Apec.
The grouping now has 21 members that represent more than 50% of global GDP and are home to about 2.7 billion people, or 40% of the world’s population.
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