Take context from the input text and decide on the accurate relationship between 'Philippines' and 'Asia-Pacific Economic Cooperation' from the options provided.
Options: member of, currency, chairperson, director/manager

CEBU, Philippines - U.S. Treasury Assistant Secretary for International Finance Ramin Toloui participates in joint press conference at the 2015 Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting - 2000 GMT.
member of