Which economic organization was established in Canberra, Australia, to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's?

Question

Quizplus · Accepted Answer

APEC was established to mitigate the economic block and trade protection trend prevailing in the 1970's and 1980's. It was established in 1989 at a ministerial meeting in Canberra, Australia, with the mission to create an open economic alliance in the Asia-Pacific region. This trade group includes all the major economies of the region (the U.S. and Canada are member countries), accounting for 43% of global trade.

Which Economic Organization Was Established in Canberra, Australia, to Mitigate