Stands for "Asia pacific economic
cooperation" and is an economic forum involving most nations surrounding the pacific ocean.Its a very important forum and I personally believe it should be compared to the likes of the
G8 and
G20 summits.I really think that the public in the west should begin to take APEC seriously because it includes the US,China,Russia,Australia and Canada and is a very important
summit interms of trade deals.Once India is accepted into APEC the organization will become one of the largest regional forums if not the largest.
This year the host nation is Australia.