23rd APEC Summit at Manila

Asia Pacific Economic Cooperation(APEC) summit was held at Manila. This was their 23^rd Summit.It was presided by Philippines President Benigno Aquino III.
- This year's theme was “Building Inclusive Economies, Building a Better World.”
- They collectively committed:
1. To support comprehensive and ambitious structural reforms; achieve positive economic, social, and environmental outcomes; and promote good governance.
2. To deepen financial markets and mitigate risks.
3. To foster an enabling trading environment that is responsive to new ways in which goods and services are produced and delivered and that promotes inclusiveness, especially for MSMEs.
4. To build sustainable and disaster-resilient economies.
5. To make urbanization work for growth.
6. To redouble our efforts to empower our people with the tools to benefit from and participate in economic growth.
7. To achieve our vision for an integrated community in a comprehensive and systematic manner.
8. To develop the services sector as an enabler of economic growth and inclusion.
Asia Pacific Economic Cooperation(APEC)
- Established in 1989.
- Headquaters: Singapore
- 2015 Summit was hosted by Phillipines.
- Members: 21 members
- 3 official observers: ASEAN, the Pacific Islands Forum and the Pacific Economic Cooperation Council.
- It is an economic forum  that promotes free trade throughout the Asia-Pacific region.