The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to promote free trade and economic cooperation among its member economies. APEC consists of 21 member economies, including countries like United States, China, and Japan, which together account for a significant portion of global trade and economic activity. APEC's main goals are to enhance economic growth, improve living standards, and foster sustainable development in the Asia-Pacific region. The forum facilitates discussions and initiatives on various issues, such as trade liberalization, investment, and technological cooperation, aiming to create a more integrated and prosperous economic environment.