A paramilitary policeman stands guard next to a banner bearing a logo of APEC during the opening of the 2014 APEC Concluding Senior Officials' Meeting, at the China National Convention Centre, in Beijing, November 5, 2014.© REUTERS/ Kim Kyung-Hoon
Asia-Pacific Economic Cooperation (APEC) forum commemorates 25 years of work during the annual summit in Beijing, China.
APEC, an international forum of 21 economies, was established to facilitate economic growth, cooperation, trade and investment in the Asia-Pacific Region. The world's largest regional economic group, its members account for about 53 percent of the global gross domestic product (GDP) and 44 percent of international trade. APEC unites the world's fastest growing economies. The GDP of its members grows at an average rate of 3.3 percent a year, compared with 2.3 percent for the rest of the world. The population of the APEC members is 2.7 billion, or about 40 percent of the world's population.