Asia-Pacific Economic Cooperation (APEC)

* APEC is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific.

* It aims to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration.

* India is not a Member of APEC

* The founding members were Australia; Brunei Darussalam; Canada; Indonesia; Japan; Korea; Malaysia; New Zealand; the Philippines; Singapore; Thailand; and the United States.

*India has requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea. Officials have decided not to allow India to join as India does not border the Pacific Ocean, which all current members do.

* India was invited to be an observer for the first time in November 2011