This year marks the 25th anniversary since the formation of the Asia-Pacific Economic Cooperation (APEC), a real milestone in the history of the 21 member economies around the Asia-Pacific region.

The success of APEC is a testament to the wisdom of members’ pragmatic approaches to advancing economic integration within the region. Economic development and lowering trade barriers have been the hallmarks of APEC’s work in the past quarter century, serving the region well. APEC’s benefits have been not only economic, however; they have spilled into the social and political spheres, too.

To read the full article, please view Global Times – Balanced development next big priority for APEC