APEC economies now represent approximately 54 percent of world GDP and 44 percent of world trade.
Economically, the Asia Pacific region is a vibrant and complex place. The policies of individual countries and their relationships with one another will have a huge influence on the United States' economic future and impact the entire globe. Within the 21-member Asia Pacific Economic Cooperation bloc, innovation policies vary. It is critical to encourage the widespread adoption of pro-growth policies and respect for the rules-based trading system within APEC.