The stated aim of the Asia-Pacific Economic Cooperation is to increase

QUESTION

The stated aim of the Asia-Pacific Economic Cooperation is to increase multilateral cooperation in view of the economic rise of the Pacific nations and the growing interdependence within the region.

Indicate whether the statement is true or false.

ANSWER

TRUE
The Asia-Pacific Economic Cooperation (APEC) was founded in 1990 at the suggestion of Australia. The stated aim of the APEC is to increase multilateral cooperation in view of the economic rise of the Pacific nations and the growing interdependence within the region. U.S. support for APEC was also based on the belief that it might prove a viable strategy for heading off any moves to create Asian groupings from which it would be excluded.