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  • Asia Pacific Economic Cooperation

Asia Pacific Economic Cooperation



APEC is an intergovernmental grouping that operates on the basis of non-binding commitments, open dialogue and equal respect for the views of all participants. Unlike the WTO or other multilateral trade bodies, APEC has no treaty obligations required of its participants. Decisions made within APEC are reached by consensus and commitments are undertaken on a voluntary basis.

Sector: International Trade and Development

Website: http://www.apec.org/

Year Established: 1989