Asia-Pacific Economic Cooperation (APEC) is an important economic cooperation forum in the Asia-Pacific region and the highest-level intergovernmental economic cooperation institution in the Asia-Pacific region. Its official advisory body is the Pacific Rim University Alliance, and Asia-Pacific cooperation refers to the economic, political and cultural interaction and cooperation between countries in Asia and the Pacific Rim.
Asia-Pacific Economic Cooperation (APEC) was established as a regional economic forum and advisory body. After more than ten years of development, it has gradually become an important economic cooperation forum in the Asia-Pacific region, playing an irreplaceable role in promoting regional trade and investment liberalization and strengthening economic and technological cooperation among its members.
Importance of Asia-Pacific cooperation
1. Asia-Pacific cooperation is conducive to promoting economic exchanges and cooperation between China and the Asia-Pacific region. As a trans-regional economic cooperation organization, APEC covers many countries and regions, and the economic cooperation and exchanges between these countries and regions are of great significance to the economic development of China.
2. Asia-Pacific cooperation helps to promote China's economic growth. As China's trading partner and investment source, the market demand and resource supply in the Asia-Pacific region play an important role in China's economic development.
3. Asia-Pacific cooperation is conducive to the adjustment and upgrading of China's industrial structure. With the continuous development and transformation of the global economy, the disadvantages of China's traditional industrial structure are increasingly apparent, so it is necessary to adjust and upgrade the industrial structure to improve the quality and efficiency of economic development.
Baidu Encyclopedia-Asia-Pacific Economic Cooperation