The Asia Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting will be held in Bali, Indonesia, on September 20.
The Ministers are expected to focus on macro-economic outlook, supporting open trade, investment in infrastructure and inclusiveness in accessing financial services.
At present, APEC comprises of 21 member economies. The APEC Finance Ministers’ Process provides an annual forum for the APEC member economies to exchange views and information on regional macroeconomic and financial developments, and on domestic and regional policy priorities.
India requested to become a member of the APEC but the forum declared a moratorium on membership expansion till 2010, and New Delhi’s request is currently under review