The Asia-Pacific Economic Cooperation (APEC) forum is the premier economic organization in the Asia-Pacific region. Established in 1989 by 12 economies, including the United States, APEC fosters growth and prosperity by facilitating economic cooperation and expanding trade and investment throughout the region.
APEC’s 21 member economies today account for 55 percent of global GDP, purchase 58 percent of U.S. goods exports, and comprise a market of 2.7 billion consumers. Seven of America’s top 15 trade partners are in APEC.
The United States is hosting APEC in 2011 for the first time since 1993, with the second senior officials meeting (SOM II) in Big Sky, thanks to efforts by Senator Baucus and Big Sky Resort.