The Asia-Pacific Economic Cooperation (APEC) is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region

1. ASIA-PACIFIC ECONOMIC
COOPERATIONBy,
Nitya Santhoshi
Ashish Reddy
Vinati
Laxmi Prasanna
Rishitha Reddy

2. INTRODUCTION
• The Asia-Pacific Economic Cooperation (APEC) is a
regional economic forum established in 1989 to
leverage the growing interdependence of the Asia-
Pacific.
• The headquarters of APEC is in Queenstow,
Singapore
• APEC is recognized as one of the highest-level
multilateral blocks .
• It was formally established in 1993 with 12
members.

4. MEMBER
ECONOMIES
• The founding members of APEC were
 Australia
 Brunei Darussalam
 Canada
 Indonesia
 Japan
 Korea
 Malaysia
 New Zealand
 Philippines
 Singapore
 Thailand and
 The United States.
• China; Hong Kong, China; and Chinese Taipei
joined APEC in 1991.
• Mexico and Papua New Guinea joined in 1993.
Chile acceded in 1994. And in 1998, Peru;
Russia; and Viet Nam joined

5. GOALS AND
OBJECTIVES
Objectives:
Promote free and
open trade and
investment
Promote and
accelerate regional
economic
integration
Encourage
economic and
technical
cooperation,
Enhance human
security,
Facilitate a
favourable and
sustainable
business
environment
The primary goal of APEC is to support
sustainable economic growth and
prosperity in the Asia-Pacific region.

6. STRUCTURE

7. SCOPE OFWORK
• The 21 APEC member economies jointly work towards the realization of free and open
trade and investment in the Asia-Pacific by 2020 and the establishment of
greater regional community to address the economic and social dimensions
of development--a commitment made by APEC Leaders in 1994 known as the Bogor
Goals.
• The Three Pillars of APEC's agenda focus on:
 Trade and Investment liberalization
 Business Facilitation
 Economic andTechnical cooperation

8. HOW APEC OPERATES
• APEC operates as a cooperative, multilateral economic and trade forum.
• It is a voluntary association in which participants do not cede powers of
regulation or enforcement to a supra-national institution;
• Every year one of the 21 member economies plays host to APEC meetings,
Serves as the APEC Chair
the annual economic Leaders meeting & ministerial Meetings
Fills Executive Director of the APEC Secretariat

9. CONT...
• Member Economies take individual and collective actions to open their
markets and promote economic growth
• Activities are centrally funded by small annual contributions from member
Economies
• Member economies provide considerable resources to assist in the operations
• APEC’s project database contain all project related information

10. ACHIEVEMENTS
OF APEC
• Growth and Development of the Region
• Promotion of regional economic integration and trade
• Ease of Doing Business
• Initiatives for a cleaner environment
• Inclusive growth

11. ISSUES AND
CHALLENGES
• TradeWar
• Creation of Sub-RegionalAgreements
• Free-TradeAreas
• Lack of implementation
• Development gaps
• Unclear goals and agenda
• Non-Binding nature
• Exclusion of India

12. STRENGHTS
OF APEC
• A supporter of the of the multilateral trade
negotiations, apply pressure to key countries,
suggest visionary initiatives and monitor
compliances.
• APEC has considerable experience in the reform
process and can act as a model or demonstration to
the rest of the world.
• APEC is a large group of countries that could be
extremely influential if adopted a common
approach and joint bargaining objectives.

13. WEAKNESS OF
APEC
• Absence of priorities-The effort in trade reform within
APEC has been
diffused across too many areas and there is need for
more focus.
• Shortfalls in member commitments- Many countries
have gone no further
than their existing pledges.
• Weak evaluation procedures- there is lack of outside
scrutiny of individual
members’ progress in implementing reforms
• Dearth of specific APEC incentives- APEC operates by
consensus and there is
no mechanism for enforcing group decisions.

14. INDIA AND
APEC
• For several years, India has aspired to become
a member of the Asian-Pacific Economic
Cooperation Organisation (APEC).
• India’s request for becoming a formal member
of the group, first made in 1993 and then in
2007 is yet to be accepted.

15. REASONSWHY INDIA IS NOT A MEMBER OF
APEC
• India was denied APEC membership in 2007 on the ground that its economy was not
integrated into the global system
• lack of consensus on including any new member
• fears of disrupting consensus procedures
• extra-regional status of India: expanding westward to include India would cast APEC’s
geographic net beyond the Pacific Rim.
• large trade deficit of India

16. ADVANTAGES
FOR INDIA IF IT
JOINS APEC
• Membership in APEC would allow India to negotiate
trade, integrate with the global economy, and help
boost growth
• India willbenefit from investments inflows that are
crucial for advancements in different sectors of the
economy
• APEC mechanisms and best practices will help Indian
officials and businesses become more competitive
and better prepared for the changing global
economy.
• Through its processes and guidelines, APEC will
facilitate India’s implementation of the economic
reforms it needs to compete