APEC Chile

The Asia-Pacific Economic Cooperation Forum

The Asia-Pacific Economic Cooperation (APEC) Forum is the main forum for promoting growth, technical and economic cooperation, trade facilitation and liberalization, and investment in the Asia-Pacific region. It was created in 1989, at the behest of Australia and Japan, to strengthen the community of the Asia-Pacific region.

A major long-term goal is the creation of a Free Trade Area of the Asia Pacific (FTAAP). Furthermore, in 1994, economies defined the "Bogor Goals" of free and open trade, which are met by 2020. In May of the present year, the APEC Vision Group (AVG) was officially created, which will be responsible for defining the Forum's post 2020 vision.