What year was the Asia-Pacific Economic Cooperation (APEC) established?
APEC was established in 1989.
APEC's Goals and Objectives
What is the primary goal of APEC?
The primary goal of APEC is to promote sustainable economic growth and prosperity in the Asia-Pacific region.
Hong Kong's Membership in APEC
What role does Hong Kong play in APEC?
Hong Kong participates as a full and separate member in APEC.
APEC's Impact on Hong Kong's Trade
What percentage of Hong Kong's external trade was conducted with APEC member economies in 2020?
In 2020, about 80% of Hong Kong's external trade was conducted with the other 20 APEC member economies.
Business Opportunities for Hong Kong Firms
What type of opportunities does APEC provide to Hong Kong firms?
APEC provides many business opportunities to firms in Hong Kong.
Comparison of APEC and WTO
How do APEC and WTO differ in terms of treaty obligations?
Unlike the WTO, APEC requires no treaty obligations of its members.
Consensus Decision-Making in APEC
What is the decision-making process in APEC?
Decisions made within APEC are reached by consensus and commitments are made by members on a voluntary basis.
