Asia-Pacific Economic Cooperation (APEC)
Asia-Pacific Economic Cooperation (APEC) : In response to a growing interdependence among Asia-Pacific economies, this grouping of twenty-one "Pacific Rim" economies was established in 1989. APEC is viewed as the primary regional/ international vehicle for promoting open trade and practical economic cooperation. Its goal is to advance Asia-Pacific economic dynamism and sense of community. Current members are Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, (Hong Kong 1989), Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States and Viet Nam
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