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Asia-Pacific Economic Cooperation (APEC) was established in 1989 in response to the growing interdependence among Asia-Pacific economies. Begun as an informal dialogue group, APEC has since become the primary regional vehicle for promoting open trade and practical economic cooperation. Its goal is to advance Asia-Pacific economic dynamism and sense of community.
In 1991, members committed themselves to conducting their activities and work programs on the basis of open dialogue with equal respect for the views of all participants.
Editor: Zhao Xuan
Source: APEC2002.com
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