Topic summary
APEC
Extracted from the Wikipedia article Asia-Pacific Economic Cooperation.
Proposed FTAAP
APEC first formally started discussing the concept of a Free Trade Area of the Asia-Pacific (FTAAP) at its summit in 2006 in Hanoi. However, the proposal for such an area has been around since at least 1966 and Japanese economist Kiyoshi Kojima's proposal for a Pacific Free Trade agreement. While it gained little traction, the idea led to the formation of Pacific Trade and Development Conference and then the Pacific Economic Cooperation Council in 1980 and then APEC in 1989.