Asia Pacific Economic Cooperation or APEC abbreviated , is the premier forum for facilitating economic growth , cooperation , trade and investment in the Asia - Pacific region.
APEC is an intergovernmental grouping which operates on the basis of non-binding commitments , open dialogue and equal respect for the views of all participants to join. Unlike the WTO or entities other multilateral trade , APEC has no treaty obligations required of its participants . Decisions made within APEC are reached by consensus and commitments are made on a voluntary basis .
APEC has 21 members or referred to as " Member States " which accounts for about 40 % of the world's population , approximately 55 % of world GDP and about 44 % of world trade .
21 APEC Member Economy is Australia , Brunei Darussalam , Canada , Chile , People's Republic of China , Hong Kong , China , Indonesia , Japan , Republic of Korea , Malaysia , Mexico , New Zealand , Papua New Guinea , Peru , the Republic of the Philippines , the Russian Federation , Singapore , Chinese Taipei , Thailand , United States , Vietnam .
In 2013 , Indonesia will host APEC and leadership . Indonesia will use this momentum to make a meaningful contribution to the process of regional economic integration in Asia - Pacific .
Under " Resilient Asia - Pacific , Global Growth Engine " theme , APEC 2013 will strive to ensure that the Asia - Pacific region maintain strong economic growth and resilience , and is able to quickly recover from the shock and contagions from other areas . Indonesia , along with 20 other APEC countries , to try to make the Asia-Pacific region as an engine of global economic growth . This theme is further translated into three priorities related to the achievement of the Bogor Goals , achieving sustainable growth with equity , and the promotion of connectivity .
APEC 2013 will also be an opportunity for Indonesia to take advantage of regional economic cooperation to advance its national interests in the development of the capacity of Indonesia's domestic economy , promote job creation , and boost investment and exports in Indonesia. In addition , Indonesia's hosting of APEC also will certainly encourage positive benefits in the promotion of Indonesian trade , investment , tourism , and culture to the region