Experts highlight crucial role of forum

In its 35th year of existence, the Asia-Pacific Economic Cooperation continues to remain relevant despite the emergence of other regional forums and is projected to maintain its growth in the face of global uncertainties and challenges, experts said.

In 1989, then Australian prime minister Bob Hawke first floated the idea of a regional trade alliance, but the regional picture has altered dramatically since, leading some commentators to question the APEC's relevance.

Their argument is that the forum lacks cohesion and has drifted from its original mandate of fostering trade and investment.