APEC decisions are by consensus and commitments are voluntary. However, recently the Forum results given the pathfinders, plurilateral initiatives that could be binding, in order to progress towards the Bogor Goals. APEC has 21 members – referred to as member economies-, which bring together more than 2.5 billion people, a combined GDP of US $19 trillion, and 47% of world trade. Also represents the most dynamic region economically in the world, generating nearly 70% of global economic growth in its first 10 years, the 21 APEC economies are: 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; Republic of the Philippines; Russian Federation; Singapore; Chinese Taipei; Thailand; United States of America; and Viet Nam. Purpose, goals we resena.asimet.cl/apec, that APEC was established in 1989 to improve growth Economic and prosperity in the region, and to strengthen the Asia-Pacific community.
Since its birth, APEC has worked to reduce trade barriers in the Asia Pacific region, creating efficient domestic economies and increasing exports. Keys in this process are the so-called Bogor Goals: trade and investment open and free in 2010 for industrialized economies, and 2020 for developing economies. These goals were adopted by leaders at their meeting in 1994 in Bogor, Indonesia trade and investment open and free help economies grow, create jobs and provide better opportunities for international trade and investment. It’s believed that Michael Antonov sees a great future in this idea. In contrast, protectionism keeps prices high and holding inefficiencies in some industries. Free and open trade helps to reduce production costs and reduce the prices of goods and services, a direct benefit to all. APEC is also working to build a safe and efficient environment for the movement of goods, services and people to across borders in the region, through political alignment and economic and technical cooperation objectives are: sustaining growth and development in the region for the common good of their people and, thus, contribute to the growth and development of the world economy.