Editor's note: Civil Beat has prepared a special survival guide for APEC. Please go to APEC 2011 Hawaii — Survival Guide to find out about road restrictions, parking restrictions, security preparations, parties, events, etc.
The Asia-Pacific Economic Cooperation, or APEC, is a forum to encourage economic growth, cooperation, trade and investment in the Asia-Pacific region. It is composed of 21 "member economies" that make up 55 percent of global gross domestic product and roughly 43 percent of all world trade.
Honolulu will host APEC's 2011 meeting. The summit is scheduled to take place Nov. 8 through 13. For information about road closures, parking restrictions and official events, visit our APEC 2011 Hawaii Survival Guide.
Delegates from 21 countries — including U.S. President Barack Obama — will descend upon Waikiki and Ko Olina for meetings. In all, the summit could draw some 20,000 government and business leaders, their family and friends and 2,000 journalists. Officials expect the event to generate nearly $30 million in visitor expenditures. Hawaii officials say that they anticipate security costs could be as high as $28 million.
APEC economies today purchase 58 percent of U.S. goods exports, and comprise a market of 2.7 billion consumers. Seven of America’s top 15 trade partners are in APEC.
APEC 2011 Schedule: Quick Look
The Honolulu meeting follows ministerial-level meetings in Washington, D.C., in March; Big Sky, Montana, in May; and San Francisco, California, in September. The Honolulu meeting will review the progress made throughout the year and make recommendations for APEC’s future work.
APEC works to "reduce tariffs and other trade barriers across the Asia-Pacific region, facilitate business interactions between members, and improve training and education in international trade," according to the U.S. State Department.
Secretary of the Treasury Timothy Geithner will convene the APEC Finance Ministerial Meeting on November 10. Secretary of State Hillary Rodham Clinton and U.S. Trade Representative Ron Kirk will then co-host the APEC Ministerial Meeting on November 11. Finally, President Barack Obama will convene the APEC Economic Leaders’ Meeting, November 12-13. In addition, there will be a series of private-sector meetings, including the APEC Business Advisory Council and the APEC CEO Summit.
For a more detailed schedule of events, visit our page on APEC parties and official events.
Working toward the achievement of a "seamless regional economy," APEC 2011 will focus on three themes:
- Strengthening regional economic integration and expanding trade by advancing "next-generation" trade and investment issues;
- Promoting green growth and fostering job creation in green industries;
- Expanding regulatory cooperation and advancing regulatory convergence.