From 1997 to 2012, the decision not to induct any new members was in force. This has also led to india not being included in the Asia-Pacific Economic Cooperation. Union minister Piyush Goyal will attend the Asia-Pacific Economic Cooperation meeting in the US today. US President Joe Biden and Chinese President Xi jinping will also meet in this meeting. The two leaders will meet for the second time after Joe Biden takes office in 2021. The meeting comes at a time when US-China relations have been strained by the taiwan issue, trade tensions and economic sanctions. This meeting will be of added importance as the current Israel-Hamas war and the Russia-Ukraine war are taking place.
Asia-Pacific Economic Cooperation Organization:
The Asia-Pacific Economic Cooperation (APEC) was formed in 1989. At present it has 21 members. But india is not a member of this organization. india was invited to join the organization in 1991. While most of the countries were in favor, some countries opposed the annexation of India.
Later, from 1997 to 2012, a resolution was in effect not to induct any new members. This was another reason why india was not included in the organization.
Australia, Brunei, Hong Kong, New Zealand, Papua New Guinea, Philippines, Indonesia, China, Japan, South Korea, Russia, Canada, United States, Mexico, Peru, Chile, Malaysia, Vietnam, Singapore, thailand and taiwan are the current members of the organization. There are
During this year:
Asia-Pacific Economic Cooperation countries account for 62% of global GDP. These countries account for almost half of world trade.
This year, the Asia-Pacific Economic Cooperation (APEC) meeting will be held in san francisco for three days from november 15 to 17. Canadian prime minister Justin Trudeau, Japanese prime minister Fumio Kishida and Indonesian President Joko Widodo are also participating in this meeting. Deputy prime minister Alexei Overchuk will attend on behalf of Russia.
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