The role of the IMF was also discussed, as was the need to strengthen global cooperation with respect to economic activity (EVSL initiative - tariffs), customs procedures, and emergencies.
The organization first met as a forum in 1989, in an informal meeting meant to facilitate dialogue between member nations (originally 12 including 3 G8 countries).
The group ratified a tariff reduction initiative called early voluntary sectoral liberalization (EVSL), which aimed to lower tariffs across 15 economic sectors; the process regarded nine of these as priority areas.
[2] Goals were set regarding financial stability and how it could be achieved through a stronger and more relevant International Monetary Fund.
[4] An APEC report, compiled by inquiry commissioner Ted Hughes and including testimonies from over 150 witnesses, concluded that the Royal Canadian Mounted Police used excessive force on protesters during the meeting.