July 27, 2011

THE WHITE HOUSE

Office of the Press Secretary

FOR IMMEDIATE RELEASE

July 27, 2011

Fact Sheet: United States to Host APEC 2011 in Honolulu

The White House is pleased to be hosting the 2011 APEC Economic Leaders’ Meeting in Honolulu on November 12 and 13, 2011. President Obama looks forward to welcoming his fellow APEC Leaders to the state where he was born and to showcasing Hawaii’s rich cultural heritage and hospitality. The United States is a Pacific nation whose economic ties to the Asia-Pacific region are strong, enduring, and critical to the prosperity of the American people. The United States will use the opportunity of chairing APEC in 2011 to highlight the vast potential the Asia-Pacific region holds for American companies and workers, to help shape the future of Asia-Pacific's regional architecture, and to promote APEC's core mission of spurring mutually beneficial regional economic integration.

About APEC

Asia-Pacific Economic Cooperation (APEC) is the premier economic forum in the Asia-Pacific region. Established in 1989 and comprising 21 member economies from around the Pacific Rim, including the United States, APEC fosters growth and prosperity by facilitating economic cooperation and expanding trade and investment throughout the region. APEC economies account for 54 percent of global GDP, 44 percent of world trade, and 61 percent of U.S. goods exports.

How APEC 2011 Came About

In 1993, President Clinton invited fellow APEC Leaders to meet on Blake Island near Seattle, elevating APEC from ministerial to head-of-government level for the first time. Hosting responsibilities have rotated among APEC economies over the succeeding 18 years, with Japan welcoming President Obama and other APEC Leaders to Yokohama in November 2010. As host of APEC 2011, the United States aims to create opportunities for prosperity and job creation by expanding trade and investment, cultivating small and medium-sized businesses, and fostering an environment that allows innovation to flourish.

About the Summit Location

President Obama chose his birthplace of Honolulu as the site for the APEC 2011 Leaders’ Meeting to highlight America’s position as a Pacific nation.

The APEC 2011 Leaders’ Reception and Dinner on Saturday, November 12, 2011, will take place in Honolulu at the Hale Koa Hotel in Waikiki. On Sunday, November 13, APEC Leaders will meet at the J.W. Marriott Ihilani Ko Olina. The Hawaii Convention Center will play host to Ministerial and Senior Officials’ meetings, as well as house the international press file center.