November 1991.

Asia-Pacific Economic Cooperation (APEC), abbreviated as APEC, is a forum for promoting economic growth, cooperation, trade and investment among regions in the Asia-Pacific region.

The establishment of this organization has historically replaced the cold war structure in this region. However, due to the negative evaluation caused by Japan's past historical memory in this region, Australia took the lead in the establishment.

Founded in 1989, it has 21 member economies. APEC is a forum platform for economic cooperation. Its operation emphasizes open dialogue and equal respect for the opinions of its members through non-binding commitments and voluntary participation of its members, which is different from other intergovernmental organizations established through treaties. "APEC" and "Asia-Pacific Economic Cooperation" are both registered trademarks of Asia-Pacific Economic Cooperation.

member economies

Asia-Pacific Economic Cooperation has 21 member economies, accounting for about 6% of the world's gross domestic product and 47% of the world's trade volume.

At the beginning of its establishment in p>1989, it was composed of 12 countries including Australia, Brunei, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and the United States, and was joined by Chinese Taipei, Hong Kong and the People's Republic of China in 1991. Mexico and Papua New Guinea joined in 1993; Chile joined in 1994; Peru, Russia and Vietnam joined in 1998.

Extended information:

Background

The Asia-Pacific Economic Cooperation was born at the end of the global cold war. At the end of 198s, with the end of the Cold War, the international situation became more and more relaxed, and the trend of economic globalization, trade and investment liberalization and regional collectivization gradually became a trend. At the same time, the proportion of Asia in the world economy has also increased significantly.

The organization has played an irreplaceable role in promoting regional trade and investment liberalization and strengthening economic and technological cooperation among its members. It is a forum for promoting economic growth, cooperation, trade and investment among regions in the Asia-Pacific region.