The Asia-Pacific Economic Cooperation was established to increase multinational cooperation in view of the economic rise of the Pacific nations and the growing interdependence within the region.

Question

Quizplus · Accepted Answer

The statement accurately describes the establishment and purpose of the Asia-Pacific Economic Cooperation (APEC). APEC was founded in 1989 with the goal of fostering economic cooperation and integration among its member economies in the Asia-Pacific region. Its members include countries such as Australia, Canada, China, Japan, South Korea, Mexico, Russia, and the United States, among others. APEC's work focuses on promoting free trade, investment, and economic growth, as well as addressing social and environmental issues.

The Asia-Pacific Economic Cooperation Was Established to Increase Multinational Cooperation