The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to promote free trade and economic cooperation among its 21 member economies. These members include countries like United States, China, and Japan, which work together to enhance economic growth and stability in the Asia-Pacific region. APEC focuses on reducing trade barriers, improving investment opportunities, and fostering sustainable development. APEC operates on a consensus basis, meaning decisions are made collectively by all member economies. The forum holds annual meetings where leaders and ministers discuss various economic issues, share best practices, and collaborate on initiatives that benefit the region's economies and communities.