The Asia-Pacific Economic Cooperation was established on 7 November 1989 to promote trade and investment in the Pacific basin. The APEC’s members are Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, United States, Vietnam. The observers are the Association of Southeast Asian Nations, Pacific Economic Cooperation Council, Pacific Islands Forum Secretariat.

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