Host Economy Every year one of the 21 APEC Member Economies plays host to APEC meetings and serves as the APEC Chair. The APEC host economy is responsible for chairing the annual Economic Leaders' Meeting, selected Ministerial Meetings, Senior Officials Meetings, the APEC Business Advisory Council and the APEC Study Centres Consortium. Until 2009, the host has also filled the Executive Director position at the APEC Secretariat. From 2010, the appointment will be made on a fixed-term basis (3 yrs) and will be open to candidates from all Member Economies.
Funding APEC is not a donor organisation. Instead, APEC activities are centrally funded by small annual contributions from APEC Member Economies - since 1999 these have totalled US$3.3 million each year. From 2009 onwards, members' contribution will increase by 30% to a total of US$5 million. These contributions are used to fund a Secretariat in Singapore and various projects which support APEC's economic and trade goals. Since 1997, Japan has provided additional funds - between US$ 1.6 and 4.6 million annually - for projects which support APEC's trade and investment liberalisation and facilitation goals. Projects generally -
Relate to the priorities of APEC Economic Leaders and APEC Ministers
Cover the interest of at least several APEC Member Economies
Build capacity
Improve economic efficiency, and
Encourage the participation of the business sector, non-governmental institutions and women.
APEC's Project Database contains information about all APEC projects.
APEC Member Economies also provide considerable resources to assist the operation of APEC. These include the secondment of professional staff to the Secretariat; the hosting of meetings; and partial or full funding of some projects.
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