The Asia-Pacific Economic Cooperation (APEC) is a coalition of 21 economies along the Pacific Rim in support of sustainable economic growth and prosperity in the region. Each year, ministerial-level officials gather in a forum to promote trade and investment, encourage economic cooperation and foster a favorable environment for economic growth and development.
Following China’s successful hosting last year, the Philippines has assumed the leadership of APEC for 2015 and established the theme of “Building Inclusive Economies, Building a Better World” to guide the organization’s work in four policy priorities, focusing on regional economic integration, SMEs’ participation in regional and global markets, human capital development, and building sustainable and resilient communities.
Building on the Philippines’ ambitious agenda, officials of the United States government and business leaders in the private sector will work closely with APEC to promote key trade and investment priorities in advance of the APEC Leaders’ Meeting in Manila this November. In anticipation of a series of high-level economic dialogues, AmCham Hong Kong has recently hosted a conference with government and business leaders from the US and Philippines.