Business / Agriculture / Asia-Pacific Economic Cooperation (APEC) Forum: Established in 1989, APEC is a formal institution with a permanent secretariat located in Singapore. Its original 12 members include Australia, New Zealand, the United States, Canada, Japan, South Korea, Thailand, Malaysia, Indonesia, the Philippines, Singapore, and Brunei. In 1991, APEC admitted China, Taiwan (admitted as Chinese Taipei), and Hong Kong. Mexico and Papua New Guinea joined in 1993: Chile joined in 1994: Peru, Russia, and Vietnam joined in 1998. The 21 nation member APEC provides a forum for ministerial level discussion and cooperation on a range of economic issues including trade, investment, technology transfer, and transportation. According to APEC, a key feature that sets it apart from other international organizations is its commitment to business facilitation and the regular involvement of the private sector in a wide range of APEC activities.
Cooperation Verb Synonyms: collaboration, teamwork, interaction, synergism or synergy
Cooperation Noun Synonyms: support, help, aid, assistance, patronage, backing, advocacy, favor, helping hand, friendship, blessing, sponsorship, auspices, backup
Economic Noun Synonyms: financial, fiscal, pecuniary, monetary, budgetary, commercial, mercantile, trade
Economic Adjective Synonyms: profitable, cost-effective, money-making, remunerative, productive, solvent
Business / Finance / Economic Union: For any entity, the difference between the market value of all its assets and the market value of its liabilities. MORE
Business / Finance / Economics: An agreement between two or more countries that allows the free movement of capital, labor, and all goods and services, and involves the harmonization and unification of social, fiscal, and monetary p MORE