Economics · Regional Economic Integration & APEC
Consider the following statements regarding the Asia-Pacific Economic Cooperation (APEC): 1. APEC functions as a regional economic forum where commitments are non-binding and voluntary, with member economies setting their own liberalisation targets. 2. The 21 member economies of APEC collectively represent approximately 60% of the global GDP and account for nearly 47% of world trade. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2✓
- 2Neither 1 nor 2
- 3Only 2
- 4Only 1
Correct answer
Both 1 and 2
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