I.Australia:Foreign Relations Today,Australia is a member of the APEC,G20,OECD and WTO organisations APEC was established from an Australian initiative in 1989,when Canberra hosted the first informal dialogue with 12 members. Since then the forum has grown to include 21 member economies and has become one of significant world economic bodies. Australia takes its turn,along with other member nations,to host assemblies to promote regional stability and to address global issues including counter-terrorism,non-proliferation and health APEC Member Economies account for approximately 70 per cent of Australia's trade and include eight of its top 10 export markets. I. Australia: Foreign Relations • Today, Australia is a member of the APEC, G20, OECD and WTO organisations. • APEC was established from an Australian initiative in 1989, when Canberra hosted the first informal dialogue with 12 members. • Since then the forum has grown to include 21 member economies and has become one of significant world economic bodies. • Australia takes its turn, along with other member nations, to host assemblies to promote regional stability and to address global issues including counter-terrorism, non-proliferation and health. • APEC Member Economies account for approximately 70 per cent of Australia’s trade and include eight of its top 10 export markets