APEC is a unique organization that promotes economic cooperation in the Asia-Pacific region. It remains an informal intergovernmental organization that provides a useful platform for leaders, ministers, businessmen and experts to discuss regional issues on a regular basis. This book examines APECs accomplishments in recent years and the challenges it faces in the new century. These challenges include the proliferation of Free Trade Agreements in the region and the implications of Chinas accession in the World Trade Organization.