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The Asia–Pacific (APAC) is the region of the world adjoining the western Pacific Ocean. The region's precise boundaries vary depending on context, but countries and territories in Australasia , East Asia , and Southeast Asia are often included.
APAC: Asia-Pacific; Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region; APJ: Asia Pacific and Japan [3] APMA: Asia Pacific, Middle East and Africa; APSG: Asia Pacific and Singapore; Arab League: a regional organization of Arab countries
The Cooperation Council for the Arab States of the Gulf [2] (Arabic: مجلس التعاون لدول الخلیج), also known as the Gulf Cooperation Council (GCC; Arabic: مجلس التعاون الخليجي), is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The United Arab Emirates [b] (UAE), or simply the Emirates, [c] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates , with Abu Dhabi serving as its capital. [ 15 ]
The ASEAN Regional Forum is an informal multilateral dialogue of 28 members that seeks to address security issues in the Asia-Pacific region. The list includes the members of the East Asia Summit plus:
The most recent change to the regional grouping system was in 2011, when the Asia Group was renamed the Group of Asia and the Pacific Small Island Developing States, also Asia and the Pacific Group or Asia-Pacific Group, in order to recognise the growing role Pacific island nations play in the United Nations System. [10] [11]
Initially, the Group was known as the Asian Group. [8] However, by the 1970s, Pacific island nations were gaining independence and joining the group. By the mid-2000s the number of Pacific island nations in the group had reached over one fifth of the membership, so they began to advocate for a change of name of the Group.
As part of the accord, the meeting committed to develop and implement APEC transparency standards, reduce trade transaction costs in the Asia-Pacific region by five percent over five years, and pursue trade liberalisation policies relating to information technology goods and services.