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APEC consists of twenty-one countries. Decisions made within APEC are reached by consensus and commitments that are undertaken on a voluntary basis. APEC has no treaty obligations required of its participants and it represents the most economically dynamic region in the world having produced nearly seventy percent of the global economic growth in its first ten years (APEC, 2006). APEC works in large areas of trade and investments to help the member economies grow and prosper.
The goal of regional integration is to encourage the reduction of barriers to trade that prevent the free flow of goods, services, and production factors between countries...
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