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Explainer: What is up with the upcoming APEC summit in Thailand?

National —

Thailand, the official host of the 2022 APEC summit, announced its readiness to host the 29th Asia-Pacific Economic Cooperation (APEC) summit, which will take place on November 18th and 19th, 2022, in Bangkok, five days from today (November 13th).

But what is it really?

APEC is a regional economic forum founded in 1989 with Thailand as one of its 21 members to leverage the growing interdependence of the Asia-Pacific through trades, services, investments, and border-crossing travels. The organization usually hosts a summit every year, and this year’s goal will be to reinvigorate regional economic integration, reconnect the region after the COVID-19 pandemic, and reassure sustainability for future growth, according to the APEC Secretariat.

How many countries will attend the summit in Bangkok?

Now, all 21 member countries have confirmed their…

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