Why can't india be a member of Asia-Pacific Economic Forum?
The 30th Asia-Pacific Economic Forum (APEC) will be held on november 15th. This time the conference will be held in San Francisco. APEC is a forum of 21 Pacific countries that promotes free trade across the Asia-Pacific region.
Although india is not part of this group of 21 countries, it has been playing an observer role in this forum since the 1990s. In this story today, we will learn why it is important for india to participate in the Asia-Pacific Economic Forum and what stands in its way.
What is the Asia-Pacific Economic Forum?
APEC or Asia-Pacific Economic Cooperation was established in 1989 as a regional economic forum aimed at promoting sustainable development and better economic relations among member countries or economies. There are 21 countries participating in the Asia-Pacific Economic Forum or Asia-Pacific Economic Cooperation. It is considered an economic platform for his 21 member states in the Pacific region. These Rim countries promote free trade throughout the Asia-Pacific region.
Of these 21 countries, the founding members are Australia, Canada, Japan, Malaysia, the Philippines, the United States, Thailand, Singapore, brunei Darussalam, Indonesia, South Korea, and new zealand, and since 1991, Hong Kong, Chinese Taipei, China, mexico is a member. , Papua, new zealand and Guinea. Participating countries include Chile, Russia, and Vietnam.
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