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 major players like China, Japan, and the United States. The organization aims to enhance economic growth and prosperity in the Asia-Pacific region through initiatives that facilitate trade and investment. APEC operates on a non-binding basis, meaning its agreements are not legally enforceable. The forum focuses on various areas, including trade liberalization, business facilitation, and economic development. APEC also addresses issues like sustainable development and digital economy to adapt to changing global dynamics.