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Diane Publishing Books
APEC (Asia-Pacific Economic Cooperation): Organization, Goals and Approach
Diane L. Manifold (au)
Concepts for economic cooperation in the Asia-Pacific region date back to Kiyoshi Kojimaís proposal of the mid-1960s for a Pacific Free Trade Area. Thirty years later, some of the early ideas for economic cooperation have been realized in the ambitious agenda of the Asia-Pacific Economic Cooperation (APEC) forum which includes achieving liberalization of trade and investment by the year 2020. The purpose of this paper is to provide an overview of APECís institutional structure and functions, to discuss APECís goals for, and approach to, trade and investment liberalization (including potential challenges and incentives), and to review the potential lessons of APEC for other regional and multilateral trade forums.
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