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The Organization of the Petroleum Exporting Countries (OPEC, / ˈoʊpɛk / OH-pek) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq ...
www.apec.org. Asia-Pacific Economic Cooperation (APEC / ˈeɪpɛk / AY-pek[1]) is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. [2] Following the success of ASEAN 's series of post-ministerial conferences launched in the mid-1980s, [3] APEC started in 1989, [4 ...
Indonesia is a signatory to the ASEAN Free Trade Area agreement, the Cairns Group, the World Trade Organization (WTO), and a former member of OPEC. [154] Indonesia has been a humanitarian and development aid recipient since 1967, [155] [156] and recently, the country established its first overseas aid programme in late 2019. [157]
President of Indonesia Joko Widodo and Prime Minister of Malaysia Mahathir Mohamad in Putrajaya, 9 August 2019. Since independence, Indonesian foreign relations have adhered to a "free and active" foreign policy, seeking to play a role in regional affairs commensurate with its size and location but avoiding involvement in conflicts among major powers.
Indonesia was until recently Southeast Asia's only member of OPEC, and the 1970s oil price rise provided an export revenue windfall that contributed to sustained high economic growth rates, averaging over 7% from 1968 to 1981. [53]
OPEC member countries may apply for membership within the OPEC Fund. However, there are some OPEC Fund member states that are not part of OPEC (Ecuador and Indonesia) and some OPEC member states that are not part of the OPEC Fund (Angola, Republic of the Congo and Equatorial Guinea).
Member states of ASEAN. As of 2010, the Association of Southeast Asian Nations (ASEAN) has 10 member states, one candidate member state, and one observer state. ASEAN was founded on 8 August 1967 with five member states: Indonesia, Malaysia, the Philippines, Singapore, and Thailand. It is headquartered in Jakarta.
t. e. The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organization with 38 member countries, [1][4] founded in 1961 to stimulate economic progress and world trade.