The Ninth Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting started Sunday morning at the Shanghai Science and Technology Museum on October 21, 2001. The annual gathering of Pacific Rim leaders is a forum of the highest level in the Asia-Pacific region.
Asia-Pacific Economic Cooperation (APEC) was established in 1989 in response to the growing interdependence among Asia-Pacific economies. Begun as an informal dialogue group, APEC has since become the primary regional vehicle for promoting open trade and practical economic cooperation. Its goal is to advance Asia-Pacific economic dynamism and sense of community. The purpose of the APEC meeting is to promote free trade and Asia Pacific cooperation in the fields of economy, trade, investment and technology.
The People's Republic of China, Hong Kong (Hong Kong, China, since 1997) and Chinese Taipei joined APEC at the third APEC ministerial meeting held in South Korea in November 1991.
Originally Posted: China Business Daily
Author: Angulo Fu