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Asia Pacific Economic Cooperation (view source)

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<ref>[http://www.apec.org/About-Us/About-APEC/History.aspx History]</ref> The founding members agreed that an open multilateral trading system is significant to attain a rapid regional economic growth and to concentrate their cooperation in the areas of investment, technology transfer and in areas related to human resources development.<ref>

[http://actrav.itcilo.org/actrav-english/telearn/global/ilo/blokit/apeccan.htm#Summary Statement APEC Joint Statement: 1989 Canberra]</ref>

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Originally in 1989, APEC conducts its meetings in an informal senior official and ministerial dialogue until 1992. By 1993, former U.S. President [[Bill Clinton]] initiated the establishment of the yearly APEC Economic Leader Meeting.<ref>[http://www.apec.org/About-Us/About-APEC/History.aspx History]</ref>

A ten-year moratorium on APEC membership was implemented in 1997 and in 2007 it was extender for two more years until 2010.<ref>[http://www.apec.org/FAQ.aspx Frequently Asked Questions]</ref>

Marie Cabural

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