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What does APEC mean?

Looking for the meaning or definition of the word APEC? Here's what it means.

Proper noun
  1. A regional trade agreement between the Australia, Canada, Chile, China, Japan, Mexico, New Zealand, Papua New Guinea, Peru, Russia, South Korea, Taiwan (under the name Chinese Taipei), Hong Kong, US and members of ASEAN.
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Examples
In some APEC countries, governments refuse to recognize independent trade unions which have been set up in opposition to government controlled unions.
Thus far, the Pacific remains largely undivided, but APEC has few other achievements to its name.
With Howard due to attend APEC in Beijing next week and play the international statesman, Beazley's cussed luck continues.
Eight APEC BITs only deal with post-establishment national treatment, and two contain no reference to this standard.
Nevertheless, all APEC IIAs include as a core element of investment protection a right to transfer funds relating to an investment.
It has also lobbied to join ASEAN, APEC, and the Shanghai Cooperation Council.

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