Asia-Pacific Economic Cooperation, or APEC, was founded in 1989 in Canberra, Australia, on the initiative of Australian Prime Minister Bob Hawke. It began with twelve members, including the United States, Japan, Australia, South Korea and the countries of the Association of Southeast Asian Nations, and later grew to include China, Russia and several Latin American economies. Rather than being a treaty-based body, APEC works through consensus and non-binding commitments, with the aim of promoting free trade and economic cooperation around the Pacific Rim. Its member economies, which represent a large share of world trade, hold annual leaders' meetings, and the group has produced goals such as the Bogor Declaration on trade and investment liberalization.
Before and after
- 22 September 1989Founding of International Paralympic Committee
- 28 September 1989Death of Ferdinand Marcos
- 1 October 1989Birth of Brie Larson
- 13 October 1989Birth of Alexandria Ocasio-Cortez
- 6 November 1989Founding of Asia-Pacific Economic Cooperation
- 9 November 1989Fall of the Berlin Wall
- from 17 November 1989 to 29 December 1989Velvet Revolution
- 17 November 1989Release of The Little Mermaid
- 20 November 1989Convention on the Rights of the Child
More in Society, economy & sport
- 7 April 1948Founding of World Health Organization
- 1950Origins of Formula One
- 8 August 1967Founding of ASEAN
- 10 December 1987Rise of Hamas
- 9 September 1999Founding of African Union
- from 15 November 2019 to 5 May 2023COVID-19 pandemic
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.