Consider the following statements 1 APEC was established in 1989 2 Ind...........

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Consider the following statements:

1. APEC was established in 1989.

2. India is a part of APEC.

3. Headquarter of APEC is in Hongkong.

Which of the above are correct statements

1 only

1 and 2 only

all are correct.

1 only

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Explanation:

India is not a part of APEC. Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region. It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to defuse fears that highly industrialised Japan (a member of G8) would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe. Headquarter of APEC is in Singapore