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The Asia-Pacific Economic Co-operation (APEC) organisation was established in 1989 when the 12 founders met in Canberra, Australia. These were later joined by 9 others.

APEC is a forum for 21 Pacific Rim member s to promote free trade throughout the Asia-Pacific region. APEC’s declared goal is to support sustainable economic growth and prosperity in the region by building a dynamic and harmonious community, championing free trade and investment, promoting regional economic integration, encouraging co-operation, enhancing security and facilitating a sustainable business environment.

Since APEC's inception, its growth in global trade has significantly outpaced the rest of the world.

An annual APEC Economic Leaders' Meeting is attended by the heads of government of all APEC members except Taiwan (represented by a ministerial-level official under the name Chinese Taipei). The location of the meeting rotates annually among member economies.

Political Group


Location of Secretariat: Singapore

Population of the group: 2,818 million     


One of the last members to join APEC

Brief description of the group

Land area (sq kms)

Oil prod (000s b/d)

Gas prod (bcm/yr)

Oil cons (000s b/d)

Gas cons (bcm/yr)

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The first APEC Meeting was held in 1993 when the USA and Australia invited heads of government from member economies to a summit on Blake Island. The APEC Secretariat, based in Singapore, was established to coordinate activities of the organization.

In 1995 APEC established a business advisory body named the APEC Business Advisory Council (ABAC) composed of 3 executives from each member economy. In 2001, in collaboration with Eurostat, IEA, OLADE, OPEC and the UNSD, it launched the Joint Oil Data Exercise, which became the Joint Organisations Data Initiative (JODI).

Members and year of joining:

Australia (1989)

Brunei (1989)

Canada (1989)

Indonesia (1989)

Japan (1989)

Korea (South) (1989)

Malaysia (1989)

New Zealand (1989)

Philippines (1989)

Singapore (1989)

Thailand (1989)

United States (1989)

China (1991)

Hong Kong (1991)

Taiwan (1991)

Mexico (1993)

Papua New Guinea (1993)

Chile (1994)

Peru (1998)

Russia (1998)

Vietnam (1998)


Vertical axis in chart corresponds to thousands of barrels of oil equivalent per day.

Oil -  fossil oil produced from on and offshore reservoirs, including tight sands/shales; and liquids extracted from gas.

Gas - sales gas produced from on and offshore reservoirs, including tight sands/shales and coal beds.O

Full breakdowns are available in datafiles.

Vertical axis in chart corresponds to number of wells spudded in year including stand-alone sidetracks.

Wells in chart include those drilled in exploratory and development categories for oil and gas, but excluding CBM.

Full breakdowns are available in datafiles.